If you’re in the process of choosing an online bookie, it’s quite likely that you’ll have considered bet365. So if you’re wondering how to…
You probably already know that most online bookies offer a free bet when you open a new account. In fact, you can see a list of them on the right hand side of this page (or at the bottom if you’re viewing on a mobile). It’s just one of the many benefits of betting online rather than at a high street bookmaker. But do you actually know how these offers work, or how to use them?
In this article, we’ll explain what all of the terminology means. We’ll look at each type of bookmaker sign up offer, how each one works and how you claim them.
This is the original type of sign up offer, and probably still the most common. A typical offer might be something like “Bet £10, Get £10 Free.” The bookmaker would match your first stake with a free bet of the same value, hence the term matched bet.
However, recently some bookies have become a little more generous. Now you’ll see offers like “Bet £5 Get £10 Free” or even “Bet £10 Get £30 Free.” So they’re not just matching your first stake any more. Instead they’re doubling, trebling or even quadrupling it!
If you see any offer that says “Bet X Get X” or “£X Free Bet” it is a matched bet. So to claim these offers, you need to place a bet first with your own money.
A deposit bonus is the second most common type of bookmaker offer, and it works a little differently to a matched bet. In this case, when you open an account and make your first deposit, the bookie will instantly increase the balance of your account by the specified amount. That means you don’t have to place a bet first.
For example, let’s say a bookie was offering a 100% deposit bonus up to £200. You would open your account and make your first deposit. If you chose to deposit £100, the bookie would double your balance to £200. If you deposited £200, they’d double it to £400.
However, you would not simply be able to withdraw that £400 straight away. There would normally be a “turnover requirement.” This means you would need to bet the bonus amount a certain number of times before it (and any profits made from those bets) can be withdrawn.
Any offer that says “£XXX Bonus” is a deposit bonus. The usual steps to claim these are as follows:
This is a new type of sign up offer and works very differently to the previous two. Instead of giving you a free bet, the bookmaker offers to double or treble the odds on the first bet you place. Or sometimes it might apply to your first two or even three bets. With double or treble odds, if you win any of these bets, you get two or three times as much profit as you would otherwise have made.
The additional winnings may be paid in free bets rather than in cash. If this is the case, you would need to bet that money again before it (and any profits made from it) can be withdrawn.
These steps apply to any offer that says “Double Odds,” “Treble Odds,” “Profit Boost” or any similar wording.
Some bookmakers offer a risk free bet, or a bet insurance. Both of these phrases mean the same thing. Quite simply, if your first bet loses they give you your money back. Hence, it’s risk free as you can’t lose your stake.
Usually this type of offer gives your money back as a free bet. This means you can’t withdraw it, you need to bet it again. Any profits made using that free bet can be withdrawn as usual. Likewise, if your first bet wins, you can withdraw the profits just like with any normal bet.
The steps to claim a risk free bet are very similar to those outlined above. Therefore we won’t bother to repeat them again here. It’s a simple and straightforward offer which works especially well of you want to bet on a long shot that you’re not certain of.
Whenever a free bet is given by an online bookie, you will usually see something like “free bet stake not included in returns” as part of the Ts and Cs. But what exactly does this mean?
Let’s say you place a £10 bet at odds of 2/1 (3.0 decimal) using your own money. If your bet wins, your return is £30. That’s £20 profit, plus you get your £10 stake back.
However, if you use a £10 free bet token and bet with the bookie’s money, you still get the £20 profit. But usually, you don’t get the £10 free bet stake back as well.
This is a standard term and it’s nothing to worry about. You’ll always get to keep any profit you make with a free bet, just not the stake itself. But since it wasn’t your money in the first place, you’re still doing well out of the deal.
Today we’ve looked in detail at all four of the most common types of free bet offered by online bookies. It’s been quite a long guide, so thanks for staying with us! We thought it was important to explain them all in detail, so you know exactly what you’re signing up for.
In each case, we’ve described how the specific type of offer usually works. However, please remember that this is only meant as a guide. As we’ve mentioned several times, you should always check the terms and conditions of each individual offer.
All of the bookies listed on WhichBookie.co.uk are individually tested and verified by us. However there are many betting sites out there, and sometimes the deal they offer doesn’t quite fit the normal pattern. We don’t want any nasty surprises, so take a few minutes to read through the terms of an offer before you sign up for it.
That’s all for now. Enjoy claiming those free bets!