Let's take a closer look at the types of bookmaker offers and free bets you can expect
to find when ♣ looking to open a new account online
Free Bets Matched Deposit
Cashback
Welcome Offers
First Bet Matched Offers
Risk Free Welcome Offers
Free Betting
Credits
Enhanced ♣ Odds Sign Up Offers & Price Boosts
Profit Boosts
Money Back Special
Free Bets
With lots of different terms being used, understanding bookmaker ♣ sign up
offers can be difficult. Here is a guide to some of those terms and what they mean.
🎁
Matched ♣ Deposit Bonus
These are typically where the amount of your first deposit is
used as the qualifying amount of the deposit ♣ bonus. Many people call these free bets
matched deposit but really they are deposit bonuses, so you receive more funds ♣ in your
account which you can then use for betting, as opposed to receiving a free bet
token.
For a 100% ♣ deposit bonus for example, if you were to deposit £50 you may receive
£50 in bonus funds. The percentage can ♣ vary but will typically be 50% or 100% of your
first deposit.
Deposit Bonuses💰🎁 They're often based on your first deposit ♣ amount, not
just free bets. Deposit £50, get £50 more!✨ Percentages can vary, typically 50% or
100%. But remember, turnover ♣ requirements can be high, so bet wisely!🎲🔍
Normally
turnover requirements are added to the terms of these offers and these can ♣ be quite
onerous. We have seen as high as 15x turnover requirements on deposit amount and bonus
amount. So on ♣ a £50 deposit that could mean, £1500 would have to be wagered before any
funds can be withdrawn.
Andy Powell Content ♣ editor Matched Deposit bonuses used to be
the favoured welcome offer, but the demand for these along with the ease ♣ of turning the
bonus into cash has seen them become less prevalent in recent times making them less
viable for ♣ bookmakers to offer. Along with the addition of larger wagering requirements
taking away much of the value, they have lower ♣ appeal now - Oh for the good old
days!
So read the terms and conditions of these bookmaker offers thoroughly. You
♣ shouldn't change your betting patterns to obtain specific offers so it may be that you
dont want to claim the ♣ full maximum deposit bonus as to withdraw, it may mean you need
to be more than you normally would want ♣ to.
That is not sensible or responsible
gambling. For those who typically bet larger amounts though, deposit matches can be a
♣ good way to gain extra funds for your betting bank. Examples of free bets matched
deposit include
100% Deposit Match Up ♣ to £100
Deposit £20 Get £20
100% Deposit Match up
to £50
50% Deposit Match up to £50
25% Deposit Match up to £100
🎁 ♣ Cashback Welcome
Offers
Cash Back Offers in Betting 💸🔄 Cash Back offers, another name for deposit
bonuses, can seem enticing but ♣ be sure to read the fine print! While they may not
provide immediate cash withdrawals, they can be advantageous when ♣ offered by betting
exchanges or spread betting companies. Always know your T&Cs!🔍💡
Another name for
deposit bonus offers but the term ♣ cash back may be misleading as it is unlikely you
will receive any cash which is immediately allowed to be ♣ withdrawn with this form of
offer.
However sometimes these can be very good offers, for example when a betting
exchange or ♣ spread betting company offers such an incentive. With these offers, as
ever, it is really important to understand the full ♣ terms and conditions. Examples of
cash back welcome offers are
10% Cashback on net losses for 4 weeks
£300 Cashback on
your ♣ first 28 days
50% Cashback on your first day
25% Cashback on your first week
10%
Cashback on losses for ever
🎁 First Bet ♣ Matched Offers
Matched Free Bets🎁🎯 Make the
most of Matched Free Bets! Often the first bet placed, ensure you're up to ♣ speed with
the welcome offer T&Cs.🔍 If the offer is bet £25 get £25, a £5 won't cut it! But ♣ an 'up
to £25' deal could match your £5 bet with a £5 free bet. Keep an eye on the ♣ odds &
sports prerequisites. 🎲💡
Matched free bets are typically on the first bet placed and
are sometimes referred to as ♣ free bet matched stake offers. So when you open a new
betting account make sure that you are aware of ♣ the welcome offer terms and
conditions.
Sam Darkens Commercial manager and betting industry expert First Bet Match
Offers are what we ♣ are seeing most often with the newer offers on the market with our
partners. Recently, The Pools, and BetMGM have ♣ made these offers with Multiple free
bets to match your first bet up to £10 as new additions to OLBG.
Your ♣ first bet is
often the qualifying bet for the offer, so if for example the welcome offer is bet £25
♣ get £25 free bet and you make your first bet £5, you would not qualify. Sometimes
though the headline amount ♣ is the maximum, so the offer may be bet up to £25 and get
your first bet matched up to ♣ £25.
So in that example a £5 bet may get a £5 free bet.
You also need to look out for ♣ other qualifying terms though. Your first bet may need to
be at specific odds (say over 2/1) and/or on certain ♣ sports.
Matched free bets also
explain multiples of free bets higher than the initial stake. Examples of matched free
bets include
Bet ♣ £10 get £10 Free Bets
Bet £10 Get £20 in Free Bets
Bet £10 Get £40 in
Free Bets
Bet £20 Get £10 ♣ in Free Bets
Bet £25 Get £25 in Free Bets
🎁 Risk Free Welcome
Offers
Fortunately there are stricter rules in place now ♣ as to when a bookmaker may and
may not call a welcome offer risk free.
These are rare offers as normally ♣ there is a
risk involved in depositing and making a qualifying bet in order to be able to claim a
♣ free bet.
The free bet you get after qualifying for it may well be risk free, but you
would have needed ♣ to take a risk with your first bet. So you may see these promoted as,
say Bet £10, Get a ♣ £10 risk free bet. Remember though, you are taking a risk with your
first £10 bet which of course you ♣ can lose.
Risk-Free Bets💰🎲 Risk-free bets sound
enticing, right? Remember, there's still a risk with your qualifying bet! Bet £10, Get
♣ £10 risk-free may sound good, but your initial £10 can still be lost. Always explore
T&Cs, note the maximum wins ♣ and turnover standards. Stay informed, bet smart!
🔍💡
Another version of this may be a no deposit free bet. You are ♣ more likely to find no
deposit offers for slots or casino, sometimes referred to as free spins.
Keep in mind
though ♣ there are often many terms applied to these, such as the maximum you can win,
how many times you need ♣ to turn over your stake etc.
Another way in which bookmakers
may use the term risk free is in the situation ♣ where they will give you a free bet if
your first bet loses.
Luke Bradshaw Lee Commercial content manager Risk-free is
♣ becoming a dirty word in the free bets realm - As you only get the benefit and the free
bet ♣ credit [Not cash!] if you first lose cash - You might get another bite of the
cherry, but it's not ♣ quite 100% risk-free - Not to mention, if your first bet wins, you
get no benefit whatsoever!
However it would be ♣ wrong of them to call this risk free.
You would need to stake an initial bet with your money, which ♣ you could lose and then
typically if you do lose they will give you a free bet up to a ♣ certain amount. ie this
may be bet £10, get a free £10 bet if you lose. However you have taken ♣ a risk as the
free bet cant be withdrawn as cash.
These aren't great offers as nobody intends to lose
their ♣ first bet of course and if you win as planned, you get no bonus at all. Examples
of these type ♣ of offers include
First £10 in Losses Refunded
£20 Risk Free Bet
£10 Back
Up Bet
£10 Risk Free Bet
£50 Risk Free Bet
🎁 Free ♣ Betting Credits
Another variation of
deposit match offers. This is really just different terminology with different terms
and conditions attached to ♣ the offer.
So rather than receive an amount of your deposit
as a deposit bonus, you would be allocated betting credits ♣ or free bets.
Up to £100 In
Free Credits for New Customers
£50 in Bet Credits
Up to £100 in Bet Credits on ♣ Sign
Up
£25 in free bet credits
£60 in bet credits welcome offer
🎁 Enhanced Odds Sign Up
Offers & Price Boosts
These sign ♣ up offers have become really popular recently and
bookies use them to encourage sign ups around large sporting events.
So rather ♣ than
offer a free bet, they will offer larger odds on a popular bet to a certain stake.
Sometimes these ♣ can be very good offers if the winnings are payable in cash and can be
withdrawn.
Enhanced Odds & Price Boosts ♣ 📈🎯 Enhanced Odds & Price Boosts are rising in
popularity among bookies, especially during big sporting events!🏆 Rather than a ♣ free
bet, they offer inflated odds on popular bets, often with winnings paid as free bets.
Ideal for low-stakes wagers, ♣ but always review the T&Cs.🔍
However it is more common to
see the winnings paid in free bets. So for example ♣ a horse may be boosted from say 4/1
to win to 24/1, for a maximum bet of £1 with the ♣ extra winnings paid in free bets.
So
if the selection wins you would receive your normal returns to a £1 stake ♣ but
additionally £20 in free bet credits. These offers sound very attractive and can suit
you if you want to ♣ make small stakes only.
Double The Odds Any Sport
11/1 Arsenal or
15/1 Man Utd to Win
50/1 Tiger Roll
Odds Boost 10/1 Man ♣ City
50/1 Tiger Woods to make
the cut
🎁 Profit Boosts
Profit Boosts 📈💰 Profit Boosts, akin to enhanced odds, boost
your winning's ♣ profit!🎉 This can be double the profit of your first bet or more. Not as
common due to their complexity ♣ and non-specific nature, but they could prove a
gamechanger, so keep an eye out! #BettingTips🔍💡
Similar to enhanced odds or price
♣ boosts but based on profit instead. So the offer could be double the profit of your
first bet or first ♣ x bets up to a certain amount.
These aren't so common as they can be
difficult for the customer to understand ♣ and they aren't normally specific to an event
or outcome.
100% In Play Profit Boost
100% Profit boost on your first bet
200% ♣ profit
boost any bet
Get 100% boost on any in play bet today
300% profit boost if you bet on
Man City ♣ to win today
🎁 Money Back Special Free Bets
Money Back Special Free Bets: A
Closer Look🔍💰 Money Back Special Bets offer ♣ a free bet if a specific event
occurs—bettor bets on a football match, certain player scores, get a free bet! ♣ However,
it's just a free bet, not your cash back. So, win on that free bet to retrieve your
initial ♣ stake. 🎲👍
These free bet offers are linked to something specific happening.
Such as place a bet on a football match ♣ and get your money back as a free bet if a
certain player scores.
Or bet on a horse in a ♣ certain race and get your money back as a
free bet if that horse falls. Often these types of offers ♣ can be available to existing
as well as new customers.
Be careful though as you dont get your money back! You ♣ are
rewarded a free bet which is very different as you would then need to win on that free
bet ♣ to try and get your original stake back.
