Online Betting Bonus October 2022 – Deposit Bonuses, Free Bets & Risk Free Betting
One of the great things about joining an online betting shop is that operators offer new players some fantastic bonuses just for signing up. In most cases, you’ll have to make a deposit and the operator will double or triple it. However, more and more online betting shops are giving away even better welcome enticements – no deposit bonuses!
In this guide, we’ll give you the lowdown on how to claim the best online betting bonus offers from the best sites. Read on to find out more about the different types of betting bonuses available from bookmakers and how you can best use them to your advantage. For more information it might also be worth checking out specialist sites like bettingbonus.online.
Types of Betting Offers
In the online betting market, operators offer players a wide range of different ways to claim bonuses. Each one caters to different player tastes but, overall, they are very generous across the board.
- Deposit Bonus. A deposit bonus is offered when a betting operator doubles or triples your deposit. In some cases, they will match your deposit by 25% or 50%.
- Free Bets. A free bets promotion allows you to use a number of free wagers on any matches you choose. It is usually a 5 free bet that you can place on the match of your choice.
- No Deposit Free Bets. More and more online gaming sites are providing you with the opportunity to earn free bets without having to make a deposit. They are normally offered as part of your welcome bonus, credited to your account as soon as you register – but you can also claim them as part of prize draw giveaways.
- Money Back. Money back promotions allow you to claim a refund on certain losses. In many cases, you can receive up to 10% cash back on losing bets.
The great thing about each of these bonuses is that they’re not only offered as soon as you sign up. They are available as ongoing promotions, as well. So, make sure that you sign up to the site’s newsletter and regularly check the promotions page to find out what kind of great ongoing bonuses you can claim.
No Deposit Free Bets for New Customers
As we see more bookmakers enter the online betting market, they become more competitive with each other. They want to provide players with bigger and better bonuses than their competing bookmakers, and one way they do so is by providing players with no deposit bonuses.
A no deposit bonus is one that is provided to you as soon as you sign up and verify your account. You may have to enter a bonus code or tick a box confirming that you wish to accept the bonus. Either way, the bonus should be credited to your account right away, so you can get playing immediately.
You should remember, however, that no deposit free bets aren’t just available to new players. Existing members can also claim a no deposit free bet during prize draw giveaways and other one-off promotions. This is why it is important to follow your online bookmaker on social media, sign up to their email newsletter and regularly check their promotions page. As such, you’ll always be aware of any free bet giveaway promotions.
At online betting shops, no deposit bonuses often come in the form of free bets. These are credited to your Bonus Balance, which you can find from your Account page. It is easy to use your free bet bonus, as you simply tick a box when submitting your betting slip that confirms you’re happy to apply the promotion to your wager.
The main benefit of taking advantage of free bets is that you don’t have to spend any money. You’ll be able to truly experience a trial run at your chosen bookmaker. A no deposit free bet allows you to determine whether you get on with the site’s betting software and selection of markets. It is a commitment-free way to determine whether the site is really the right place for you to play.
How Do Free Bet Offers Work?
A free bet bonus is exactly what it sounds like. The online bookmaker will provide you with cash to make a bet that meets certain requirements. In many cases, they are provided to you as a 5, 10 or 20 token that you can use to wager on the match of your choice.
Be sure to read the Terms and Conditions under any free bets bonus, as it will specify the types of matches that you can wager on. For example, some online bookmakers will tell you that your bet slip must contain at least one selection with odds of at least 2.00. Ensure that you meet these requirements before you submit your bet slip; otherwise, you could miss out on your free bet.
How To Use A Free Bet
It is quite easy to use your free bet. Have a browse of the matches on which would you like to wager, and there will usually be a checkbox to “use available bets”. Tick this box when you are confirming your bet and it will be applied. The wager will not come from your own cash balance, and you won’t be spend any of your own money.
Betting Bonus Wagering Requirements
No matter what type of betting bonus you claim, there will always be wagering requirements attached. These are rules will tell you how to spend your bonus or winnings before you can withdraw either of them.
Firstly, there is the roller (or re-bet) type of wagering requirement. This requires you to wager your total bonus or total winnings a number of times before you can withdraw them, and it is usually expressed as a multiplier (for example, 25x). So, if you received a £25 free bet with a wagering requirement of 25x, you would have to spend 625 before you can withdraw that original 25.
Another type of wagering requirement caps your winnings. This amount is usually 100. So, if you use your free bet to wager on a match that wins you 200, you will only be able to keep the first 100 of your winnings.
Risk Free Betting
Risk-free betting bonuses are a relatively new concept in the online betting market. They are fairly self-explanatory – you place a wager on a match without actually risking your own money. You can rest assured that if you place a losing bet, then you’ll get your money back.
The way risk free bets work is quite simple. The operator will tell you that you must make a wager of 1 or more on any match. If you lose, then the operator will refund your bonus up to a certain amount – usually 25.
In fact, some players use risk free betting strategies which allow them to turn a profit even when they lose. If the player wins using their risk free bet, then there is no more work to be done. However, if they lose, then they can use the refund money to place a high odds wager and potentially earn an impressive profit that far exceeds the initial loss. This will take some practice and research to ensure that you have the strategy correct, and it often requires the use of betting calculators – unless you’re a natural math whiz!
Best Free Bet Offers
When it comes to picking out an online bookmaker, it is important to choose a site that offers up the best free bet offers. It is not enough to simply have a look at the range of bonuses; you should also comb through the terms and conditions. Ensure that the site where you chose to play provides you with the opportunity to claim a wide range of no deposit free bets, deposit bonuses, risk-free bets and money back promotions.
While it is unlikely that they will all be available at the same time, you can find out if their selection of bonuses is varied by checking out the Past Promotions page. You can take a quick look at the kinds of free bet bonuses that the site offers and determine if they suit your tastes. You can also look through the wagering requirements and ensure that you will be able to meet them when you claim your free bets.
It is important that you take advantage of the best betting bonuses whenever you chose to sign up to a new online bookmaker. There are plenty of great options available to help you get off to a great start at your chosen betting site and enhance your ongoing online betting experience.