FREE BET AND BOOKMAKER BONUS, WHAT ARE THOSE?

With the introduction of betting online came perks. A disadvantage to both the customers and bookies alike and sometimes an advantage to both parties. In this present day and age, free bets and bonuses are the tools used by top bookies to encourage new customers to sign up.

There are a couple of things you need to know about free bets. Some of these include
• The types of signup bonus bets available
• The terms and conditions surrounding free bets
• How the free bets actually work
• How to increase your bookmaker bonus
• And how to make the most of any free bet/ bookmaker bonus

Types of bookmaker bonus bets

There is a range of different bookmaker bonuses which come in different forms, depending on the bookies. Let’s talk about the most common ones

Bonuses on first bets

This should be the most common one of the lot. It’s most peculiar with new account holders. After a new customer creates his/her account, funds it and places a bet, the bookie automatically awards you double the value of the amount staked.
That is to say, if Mr Ayo places a match with a stake of N10, 000 as the bookmaker would award this customer with a bonus of N10, 000 which totals the stake to the tune of N20, 000. However, each bookie has its own restrictions for free bets with regards to the maximum/minimum amount per stake. The customer could also be required to bet on specific odds, usually around 1.50 to 2 odds.

Free bets series

This is slightly different from “bonuses on first bets”, in this case, free bets will be set of individual bets rather than on a single bet slip. Well a popular offer from some bookies would state
“Bet N5000 and be awarded five N1000 free bets” … this sort of offers usually have expiration dates and in other cases, the next free bet series will only be activated after a certain given date, this happens after the expiration of the previous free bet series. The restrictions set by bookmakers help to ensure regular traffic on their sites.

Initial Deposit bonus

In this case, the bookmaker offers a particular percentage of the customer’s first deposit. One of the most common conditions for the withdrawal of this bonus is that it has to be recycled (rolled over) on a specified number of occasions. This type of bonus isn’t as popular as it used to be. For instance, a bookmaker can offer 100% bonus on deposits of N1000 and above.

winning first bet bonus

This refers to the bonus given to a customer after winning his very first bet after signing up. In order to gain a much larger bonus, it would be advisable to be on longer odds rather than shorter odds.

Free bets, what conditions apply to them?

Every bookmaker does not derive joy from dishing out bonuses to customers, except they are not in the betting business to make a profit. We all know the answer to that
To this effect in a subsequent post, we will be discussing these conditions and how to effectively utilize these bonuses given by the bookmakers effectively.