IT’S freebie time. Did you know that the best online bookmakers like to provide a little carrot for you to sign up in the form of free and bonus bets.
Some companies choose to charge up your account with cash that you can bet on any event. Others will give you a set amount of free bets. And some will even provide matched bonuses, giving you as much money in your free bet as you charge up your account with the first time you deposit.
And the free bets don’t stop there. Once you’ve signed up and used your free bets, keep an eye out for bookie promotions that offer cash back or free bets if your bets fail.
The best online bookmakers for free bets
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You can go surfing the web and try to compare different online bookmakers and what their bonus bet offers are.
But why bother, when we have done all the hard yards for you. The team at BettingSite.com.au has perused the online gambling world and come up with a sextet of the best bookies for bonuses you will find. Head to any of these sites, sign up, and enjoy a free punt on them.
BetEasy.com.au – If you want to ton up quickly, BetEasy is the place to bet, with a sign up bonus of up to $100 with a 100 per cent matched bet.
Sportsbet.com.au – Get yourself a free $100 worth of bets with Sportsbet.com.au too.
Palmerbet.com.au – The crew at Palmerbet currently has a beast of a sign up bonus on the go. For the month of May, the bookie will match your first deposit with a bonus bet, up to a monster $500.
How to claim a bonus bet (even if its not legal in your state)
For some reason, you’ll find there are many stipulations as to where bonus bets can be claimed. Usually when you sign up, the bonus bets have an asterisk next to them and, in the fine print it will say something along the lines of “Excludes Victoria, New South Wales, South Australia and Western Australia.”
But, fear not. It appears this is just face value, with the bookies usually providing the bonus bet to absolutely any one who signs up.
Usually the bonus bet will drop in either immediately or within 24 hours and will be free for you to use as soon as it is added to your balance.
Aside from the sign up bonuses, you can also claim a bonus bet on certain markets identified by the bookmakers. Whether it’s cash back on an AFL game if your side leads at any change but loses, or a bonus bet that matches your stake if your horse comes second in the Melbourne Cup, the bookies are always looking at inventive ways to keep their punters interested.
You don’t have to do anything to claim these free bets apart from lay some of your hard earned on the particular markets. Sit back, relax and if the results fall your way, the money will be charged up into your betting account before you know it.
Stipulations to use your bonus bet
Bonus bets are great fun, but you really need to read the fine print. Just be aware when you get your bonus bet, you will be betting with the bookie’s money. If you lose, they win. And if you win, they also win.
Don’t get it? Well, when you place your bet, say a $20 free bet on a $2 pop. If your team wins, you only get the winnings from the wager, not the full dividend. So instead of getting $40 back for your bet, you lose the $20 from your bonus bet, but you get the winnings of $20 in your account.
The good thing about this that now it has been turned over, you can withdraw from your betting account and get real money to use in the real world.
Often, the bookies won’t allow you to use bonus bets on their other promotional markets. And if they have cash back offers, they won’t tend to honour them if you used a bonus bet to place your wager.
The bonus bets usually have to be placed on markets with odds of $1.50 or better, so that $1.04 moral about Novak Djokovic in the first round of a grand slam is a no-go.
Tips on how to use your bonus bet
There are quite a few schools of though as to how best to use bonus bets.
Given that you almost always have to turn your bet over once, the popular idea is to find something that is almost a moral and lay it hard, with your whole bonus bet.
So say you have a $150 bonus bet, do your research and find a good thing, keeping in mind that they have to pay $1.50 or better. Keep the risk as low as possible with bets on head to head markets, etc.
The flip side of that is to go big. This is money you never had, so who cares if you lose it? Why not try and perform a miracle and load up your balance like crazy? The super mega multi is always an option here, with some punters seeking out parlay bets with up to 12 legs in the hunt for riches.
What about the outsider? Bonus bets are always good for having a crack at an outsider. Some might think they are silly bets, but how about a sniff of Leicester City to win the English Premier League title at $5001-1? They say strange things happen in the sporting world and the same goes for the gambling world.
No team or bet is without its chances, no matter how high the odds.
And if you’re a bit of a prospector, you can always split up your bonus bet. Some bookies will offer the bets simply as bonus credit for you to use as you please. Say you get a $150 bonus bet, you could have 150 $1 bets, if you were so inclined. The possibilities are endless and the carrot of free bets just adds to the fun of placing your punts with someone else’s money.
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