The good news for punters is that the betting industry is the most competitive it has ever been. What this means to you as a potential customer is that you can avail of a series of free bets, promotions and other incentives online betting sites. Whether you are looking to place your first bet or are a seasoned gambler, you will have almost certainly noticed the variety of bonus codes, new customer offers and other attractive special bets which sites are only happy to offer you for signing up.
Not all free bets and special offers are the same
While the flashy banners and big percentages jump out at you with such appeal and clarity, the terms and conditions of many of these bonuses and welcome offers do not. Claiming the best betting offers, in that case, may require a little reading and comparison.
For example, a 1000% matched bonus on sign up may require a turnover of both your deposit and the bonus figure at a percentage which is unrealistic. As appealing as it may seem, a £50 deposit + your £500 bonus + 40 x turnover would require you to wager over £22,000 before you can make any withdrawals. If you think this is an extreme example, we have seen worse!
On the other hand, a £10 free bet if your first bet at £10 loses may seem a little paltry in comparison. However, when you read the terms and conditions and find that you can keep your winnings, bar the stake, you may realise that this poses the better chance of seeing a return on your initial deposit and a boost on your balance. Not all free bets and special offers are the same, so make sure you are acquainted with the terms and conditions before you proceed.
What types of betting offers are there?
Traditionally, online betting sites would offer a free bet when you signed up. This would typically be anything from £10-£100, depending on the site. Nowadays, things are getting more competitive which means that it is not uncommon to find welcome packages for customers. There is a chance that some of these incentives may be useless to you (for example, Bingo bonuses you will never use) which can represent poor value in comparison to sports betting sites which focus explicitly on free bets.
In common welcome packages these days you will typically find many of the following:
- A free/matched bet/ risk-free bet
- Enhanced odds
- Bet insurance
- Bonus winnings
- Free casino chips/free spins
- Bingo bonuses
- Free poker chips
Every site is unique in what they tend to offer, although things do not generally vary that much. The most trusted way to find the best betting offers online is to read reviews of the site’s welcome package/existing customer incentives and study the terms and conditions.
Bright colours and promises don’t always equate to value and a realistic chance of converting the funds into real money, so always pay attention to the fine print.