When deciding on a bookmaker to wager with, it’s wide to consider all of the available betting offers UK. There is a lot of choice, but some are better than others. So, here’s the rundown on which ones to keep an eye on, and which are worse than advertised.
A free bet sounds self-explanatory, but something that often goes overlooked is that almost every free bet is a stake-not-returned (SNR) free bet. This means that you cannot withdraw the free bet amount as cash, and instead, it must be used as a bet (the winnings usually can be withdrawn as cash), but the bet does not return the stake.
So a 1/1 bet of £10 would mean getting £10 back if it wins, not the usual £20 back (winnings plus stake). This means that bettors usually go for slightly higher odds bets to make it more worthwhile.
Free bets can also be awarded for depositing at a betting company or simply for remaining loyal and being a regular bettor – or it could be a way to lure you back into using an old account. These are the best value promotions as they’re no strings attached, unlike having to deposit money first.
The latter is more akin to qualifying free bets, such as “Bet £20 and get £10”. Usually, this £20 worth of betting will require minimum odds too, so you can’t just bet £20 on something that is 1/500.
Betting refunds are promotions such as “Money Back If Chelsea Go 1 Up Before Half Time” during their next game, or simply receiving your money back if your horse comes second instead of first. However, whether or not this refund comes in the form of cash or an SNR free bet is dependent on the company, so make sure to read the T&Cs.
There are also refund bonuses, such as “Get 10% of your horses’ losses back each month”. This is ideal for regular bettors already using the site.
A cash bonus, which you may receive upon signing up and depositing X amount of money, is different from a free bet because the stake will be returned upon using it to bet.
To avoid you simply withdrawing the money before using it to bet, there are often wagering requirements, meaning you have to be, say, x10 the cash bonus amount with bets over minimum odds for it to be valid. These can be deceivingly bad bonuses if the wagering and minimum odds requirements are set too high.
Enhanced Odds Bonus
Enhanced odds bonuses are essentially price boosts designed to give you extra value for a bet. It will usually be for just one specific bet (something you may otherwise not have bet on), such as Arsenal to beat Spurs this weekend.
Often it’s tied with signing up, in which only new sign-ups will receive such boosted odds. This gives you a good chance to do some matched betting and lay the opposite result at different bookies.
Finally, early payouts are a great promotion that basically pays out the winnings of your bet once something happens, as opposed to waiting until the game ends. So, if Liverpool goes 2-0 up in the Champions League final, the bet will be paid out as per Liverpool winning.
This is great betting value because, as we have seen, Real Madrid are the masters of making comebacks recently. Often there’s a max stake, but with how often comebacks occur in most sports, it’s an underrated promotional offer.