{"id":128,"date":"2019-01-10T16:24:42","date_gmt":"2019-01-10T16:24:42","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=128"},"modified":"2023-03-06T09:07:14","modified_gmt":"2023-03-06T09:07:14","slug":"bonuses","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/bonuses\/","title":{"rendered":"Free Bets"},"content":{"rendered":"

Free Bets and Bonuses<\/h2>\n

\"freeThe UK provides one of the safest and most regulated gambling markets in the world, but as a consequence of this, and the fact that Brits by head bet by more than pretty much anyone else, means the industry is ultra-competitive.<\/p>\n

High competition mixed with big marketing budgets means that betting companies almost fall over each other to give you free bets or bonuses as an incentive to join.\u00a0 These deals are not a scam, they are genuine and simply a product of choice and demand in remote gambling today.<\/p>\n

It therefore makes good sense if you want to join a new betting site that you might want to take up an introductory offer. These companies are even giving you this promotional cash so that you can try them out with reduced cost and they even hope you will win because of course they want you to get a good feeling about them and stay in the longer term.<\/p>\n

The fact the UK has stringent advertising and gambling laws also means that brands need to be very open and fair with their offer terms.\u00a0 That’s why you can see all significant terms associated with a welcome offer now before you claim, to ensure it is right for you.<\/p>\n

Still, you shouldn’t necessarily just claim an offer because it is there or it is bigger than another, given such choice you might as well choose the right sign up promotion from the right site for the perfect combination.\u00a0 \u00a0You wouldn’t after-all just buy a drink that you didn’t like just because it had a better offer than a drink you did like, the same should be true when choosing your online bookmakers.<\/p>\n

On this page we look at some of the major types of welcome deals and why sites offer them, hopefully to allow you to pick the right incentive for the way you want to bet.\u00a0 For more general information about betting online see our FAQ<\/a>.<\/p>\n

How Do Betting Companies Afford Them?<\/h2>\n

\"walletOnline betting sites have relatively low overheads, compared to high street shops at least, and this means they have lots of cash to spend on wooing and then keeping customers; also without a welcome incentive most people simply wouldn’t sign up, and so it is a necessity for gambling sites these days to give you some promotional cash to bet with.<\/p>\n

Remote gambling is a very profitable industry too, the old adage you never meet a poor bookie rings true now more than ever, as these companies don’t have to rent premises or pay shop staff.\u00a0 The fact that many newer sites now run on third-party platforms<\/a> too means they have reduced costs and can afford to plough more into marketing budgets.<\/p>\n

Of course you also need to bear in mind that most of what is given out for free is promotional cash not real cash, kind of like having a voucher.\u00a0 The idea from the bookies point of view is that by using promo cash to bet with people get a better appreciation for the product and by winning with initial bets it gives people a lucky feeling about the site.<\/p>\n

People do win with free bets and bonuses, but not everyone, and therefore when a site offers say “Bet \u00a310 Get \u00a330 in Free Bets” then in reality they are giving less when you consider many punters will not win to counteract those that lose.<\/p>\n

Different Types of Welcome Bonuses<\/h2>\n

Free Bets<\/h3>\n

\"freeFree bets are generally single use tokens that must be used in one go, i.e. on single line bet, with any resulting winnings in cash but the free token stake itself not returned.\u00a0 To claim them you generally need to bet a given amount at minimum odds within a period of time, sometimes free bets are awarded on first deposit but that is rarer.<\/p>\n

This is the most common and easiest type of offer to understand.\u00a0 Of course the money isn’t completely free, if it were you could withdraw it without betting, but it does give you the chance to win real money with just one bet.<\/p>\n

One of the negatives of a free bet is you can’t split it up into lots of smaller bet, therefore less useful if you want to bet on several things, or a package bet like a lucky 15.\u00a0 You can however with many of these offers use the free token on each-way wagers.<\/p>\n

Most free bets are limited in the \u00a310’s range, although the percentage free can sometimes be staggering, with offers such as Bet \u00a35 get \u00a330 with some operators matching your stake 600% with promo cash.\u00a0 Free tokens tend to have limited expiry time, usually not more than 7 days.<\/p>\n

Money Back Bets<\/h3>\n

\"moneyOften termed ‘money back if your first bet loses’ these days as most of these offers are not without risk.\u00a0 Rather they are giving you your stake back as a free bet if the first bet you place loses.\u00a0 This is certainly better than nothing, but not as good as a free bet that doesn’t require your 1st bet to lose.<\/p>\n

Although these money back bets are less attractive they do tend to offer higher amounts, and you can find these deals providing \u00a350, even \u00a3100 or more back if your first wager loses, and consequently can be more useful to people who deposit and bet higher amounts.<\/p>\n

Insurance offers like this are also not usually fixed stake, so you can choose your won bet amount up to the maximum level an get a free bet equal to that amount if it loses.<\/p>\n

Bonuses<\/h3>\n

\"bonus\"Bonuses generally match your deposit or first bet with a percentage in bonus funds, 100% being the most common, occasionally 50% and some providing 200% or more.\u00a0 Sometimes you need to bet a qualifying amount at above minimum odds within a time period to activate the bonus, other times the bonus is awarded straight away.<\/p>\n

Once activated the bonus will have a wagering requirement<\/a>, this may be listed as the bonus amount or bonus and deposit amount combined.\u00a0 This is the amount of multiples of your bonus that you will need to stake in order to turn that cash, and subsequent winnings into real withdrawable funds.\u00a0 This will also have minimum odds and perhaps other restrictions attached.\u00a0 Usually rollover amounts range from 3x to 20x for sports<\/p>\n

The benefit of a bonus is it gives you more freedom on how you bet with it, allowing you to split it up into many wagers.\u00a0 This has the added benefit that it lets you try more market on the site giving you a greater appreciation as to whether you like the brand or not (which is why some sites prefer to offer them).<\/p>\n

You also tend to get higher amounts with bonuses and so they are more suited to higher stakes depositors, and if you win in the end you can keep the promotional cash itself, which you can’t do with a free bet.\u00a0 \u00a0Bonuses also last longer, usually 30 days in which to wager it.<\/p>\n

On the negative side however it takes longer to reach a rollover with a bonus compared to a free bet, the percentage free you receive is generally lower, and you are also more likely to lose – but then if you do win in the end the levels tend to be higher than a free bet.<\/p>\n

This type of welcome promotion is far more common for casino however than sports as in gaming you tend to place many more bets.\u00a0 Still some people prefer these offers for sports as they can place more bets with it.<\/p>\n

Bonuses are less popular than they once were and this is a combination of people not wanting to place many bets to win free cash and partly because operators are now taxed differently on promotional cash winnings than they were in they past, encouraging many to drop big bonus offers.<\/p>\n

Enhanced Odds & Event Specials<\/h3>\n

\"enhancedEnhanced odds new customer offers or event specials can actually, in many cases, give a punter more in free funds than the standard conventional welcome offer.\u00a0 There are however a couple of drawbacks.<\/p>\n

If you take an enhanced odds deal<\/a> then your bet will still need to win in order to get the extra winnings (usually in the form of a free bet) and you are also of course restricted to betting on that specific outcome.<\/p>\n

Offers that don’t require you to win your first bet, such as ‘bet \u00a35 on Cheltenham get a \u00a35 free bet for all 7 races’, also tend to give more free than the usual sign up deal, but consequently are more restricted in how you use them.<\/p>\n

Therefore the best time to take a new customer special is when it is for an event that you were going to bet on anyway.<\/p>\n

No Deposit Bonuses<\/h3>\n

\"noThese are now very rare indeed for sports, although you can find one or two from time to time.\u00a0 They tend to be fairly low amounts, \u00a35 or \u00a310, and will usually have a higher rollover than conventional deposit bonus, usually 10x or more.<\/p>\n

Most NDB will have maximum winnings restrictions, generally in the region of 10x the bonus amount.<\/p>\n

The idea behind a no deposit offer is not really to give you free money, rather it is more designed for you to try a site out before risking your own funds.\u00a0 Some people do win with these, but in general see this as test cash.<\/p>\n

The good thing is when you do find these deals there is often an additional deposit bonus that can also be claimed afterwards.<\/p>\n

Cash Offers<\/h3>\n

\"cashThese used to be almost unheard of but since the changes on the way free bet taxes work some sites have started to give welcome incentives that pay in cash.\u00a0 These are gold dust when you can find them and come in two major varieties:<\/p>\n