How To Make The Most Of Signup Betting Offers
Published on 03/12/19
Most online bookmakers offer new members a welcome bonus or incentive when they sign up so, if you’ve not taken advantage of some or all these offers, this could be the time to do so.
If you’re not sure how to get the best from these offers, check out our advice below about what sign up offers to look for, wagering requirements and terms and conditions, how to guarantee a profit from sign up bonuses, and how to use sign up offers when following a tipster.
What Are the Best New Member Bookmaker Offers?
The best new member bookmaker offers normally come in the form of matched bonuses or free bets. Some bookmakers will simply ask you to deposit funds to get your bonus or free bets, whilst others will ask you to deposit funds and wager them before releasing your bonus or free bets.
The best bookmaker bonuses and free bets are those that have no wagering requirements or playthrough requirements. That means you can simply place your free bets on accepted selections and you’ll be paid any winnings in cash into your account. You’ll then be able to wager these winnings on other selections or withdraw the funds back to your payment method.
However, you will often find that even the best offers come with terms and conditions that you need to adhere to. One of the main ones is time limits on the bonus or free spins. These can range from as little as 24 hours, some are 7 days, and some can be up to 30 days. One or two bookmakers even offer free bets without time limits. Just make sure you use your bonus or free bets within the time limit stated or you will lose them.
You may also find that some free bets or bets placed with bonus funds need to be placed on selections that meet certain odds criteria. This may be that the selection much be at least 1/2 (1.5). Again, just check that your selection meets the criteria stated in the terms and conditions or your bet may be void. It’s also a great idea to read all terms and conditions, just to make sure you don’t do anything else that will mean you lose the free bets or bonus you’ve just claimed.
What Are Bookmaker Offer Wagering Requirements?
Some online bookmakers advertise new member offers such as bonuses that have wagering requirements attached to them. For example, you may have to deposit and bet £50 to get a £50 bonus. This bonus may have wagering requirements of 5x attached to it, which means you’ll have to place bets totalling at least £250 before you can withdraw any winnings you’ve won from betting with your bonus funds.
Wagering requirements must normally be completed in a stated time limit, whilst other terms and conditions may include restricted odds and maximum bets. If deciding to claim this kind of bookmaker new member offer, just make sure that you think you can easily complete the wagering requirements in the time allowed and that restrictions suit your normal betting patterns.
If terms and conditions sound unreasonable then we wouldn’t advise you accept the offer. A hypothetical unreasonable bookmaker offer would be a bonus with a 40x wagering requirements that must be completed within 24 hours with maximum bets of £5. You won’t find many offers that are that bad but you get our drift.
What Are Risk-Free Bookmaker New Member Offers?
Risk-Free Bookmaker new member offers give new members a chance to enjoy a risk-free first bet. If your first bet wins, you’ll be paid out just as you would with any other bet. However, if your first bet loses, you will get your stake back. Some bookmakers will refund the stake of your risk-free bet in cash, whilst others may give you a free bet of the equivalent amount.
Is There Any Way To Guarantee A Profit From New Member Bookmaker Offers?
It is possible to guarantee a profit from many bookmakers’ new member offers, but it takes a bit of work and discipline.
Let’s say for example that you need to deposit £50 to claim a £50 free bet. What you’ll need to do is bet your deposit on a selection with the bookmakers and then lay this selection on one of the betting exchanges such as the Betfair Exchange. You may lose a little bit of commission doing this, but you will now have a £50 free bet to use.
You can now wager your £50 free bet on a selection at say even-money. This means you will win £50 if your selection wins (remember you don’t get the stake from a free bet). You can then lay the selection at even-money on the betting exchanges for £25, meaning you’ll lose £25. That means you’ve won £50 and lost £25 – meaning a profit of £25.
If your free bet loses, you will have lost nothing, but will win £25 from laying the horse on the exchanges – again guaranteeing a £25 profit (minus a bit of commission).
This process becomes much harder when wagering requirements are attached. When this is the case, it’s much easier if you can pick a loser with your free bet and then profit from laying it on the exchanges. This means you won’t have to bother with the wagering requirements.
Are Sign Up Betting Offers Useful When Following a Tipster?
If you’re serious about betting and are looking to make a long-term profit from gambling on horse racing or other sports, having a variety of bookmaker accounts can help you get the best prices about your tipster’s selections. You can also spread your bets about, reducing the chances of getting winning accounts blocked.
Of course, you can also take advantage of many bookmaker sign up offers whilst following a tipster. Bonuses, free bets, and risk-free bets can all help boost your profits. Even sign up offers with wagering requirements attached can prove profitable, providing your tipster is going to recommend you place the volume of bets required to complete the wagering requirements within the stated time limit.