Why is that? Because they are just promotional offerings to draw you into signing up with a bookmaker. Bet365 offer their 100% matched deposit welcome bonus which has huge appeal, while other bookmakers will either offer a free matched first bet or a risk-free first bet on a new account. Whatever the offering is, there will be terms and conditions attached to it and this is something a lot of new customers miss.
Free bets & bonus betting - make use of sign-up promotions
Read the fine printLet’s look at Bet365’s 100% matched deposit bonus. Make a minimum deposit of £10 and they will match it, giving you a nice free bet to start with. Then you have to turn over the amount of your qualifying deposit once and have settled bets to the value of three times your qualifying deposit and bonus before making a withdrawal.
Whether you are looking at a free bet welcome offer which has to be redeemed in full at once and within a certain time frame of registering the account, or a risk-free bet welcome offer which has similar terms (check for deposit methods as well because placing bets through some ewallets like Skrill or Neteller don’t always qualify for free bet offers) there will always be terms and conditions attached to welcome bonus offers. Take a moment to understand exactly the terms of any free bet offer, for no other reason than you don’t miss out on the full usage of the free bet.
Enhanced Odds Sign UpA growing feature with bookmakers when it comes to welcome bonus offers has definitely been the enhanced odds sign up offer. Not all bookmakers offer this, but the stand out exponents of enhanced odds sign up offers are Paddy Power, Coral, Bet Victor and Ladbrokes. Most bookmakers throw a lot of promotions out there and usually if there is a big event coming up, or on just your regular weekly betting matches, they will put new enhanced odds offers out.
This is where you can back a selection at enhanced odds over regular market odds and your initial qualifying stake is placed on the regular odds on the site. But if the bet wins, the bookmaker usually tops up your returns with free bets to the cumulatively enhanced odds payout price. So if the regular market price was 2/1, but the enhanced odds sign up offer was for 8/1, then you would be paid out in cash at 2/1 and then receive free bets to make up the rest of the returns to the 8/1 special quote. There is usually a minimum and maximum set stake on offers like this.
Some bookmakers may take things a step further, adding extra value. An Enhanced Odds sign up offer may pay out the entire enhanced odds price as cash and not free bets, and also if the promotional bet loses, you could be credited with a free bet as a consolation. So in good enhanced odds scenario, if a bookmaker were offering 8/1 enhanced odds on a 2/1 regular market selection, you back the selection at the regular odds and if the bet wins, then you will be paid out at 8/1 all in cash. If the bet loses, then you get a consolation free bet. There will be bet limits on enhanced odds offers, meaning that there will be a maximum you can earn.
Finding Free Bet OffersIt’s hard not to miss free bet offers, but it is worth taking a few minutes to look at the different options which are available out there. The Online Betting page of Free Bet Bonuses provides a full list of current offers running across the industry and new offers of enhanced odds can be found in the regular Betting News section of the website. While there are always terms and conditions linked to a free bet, they are out there to try and take advantage of, so do so.
1 Sports Betting Guide
2 Sports betting explained
2.1 Betting odds explained
2.2 How to choose a bookmaker
2.3 Online betting sign up offers
3 Sports betting types explained
4 Successful betting
5 Sports betting systems
6 Sign up at the bookmaker
7 Betting on other sports types