Friday, July 12, 2024

How to Effectively Use Betting Promotions and Bonuses

Stefan Budur in Soccer Betting Strategies 18 Jun 2024

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The greatest approach to examining a bookmaker’s services without risking your money is to take advantage of betting specials and bonuses. In this post, I’ll walk you through how to take advantage of betting bonuses and promotions by reading and adhering to their terms and conditions.

What are betting promotions and bonuses

Betting promotions and bonuses are great offers bookmakers use to attract new customers and keep existing ones loyal to their service. While there are many promotions and bonuses a bookie will hand you, they all fall into two categories:

Although a sign-up bonus is the biggest free bet you can get, receiving regular free bets for your loyalty is a great way to test new betting markets and types of bets. You might think a welcome bonus is the biggest reward compared to other free bets. However, being a high roller could make you eligible for many regular free bets and other prizes.

More so, since the competition between bookies is fierce to attract and keep their customers, many have VIP clubs to reward their top gamblers with different gifts, besides the free bets, like gadgets (smartphones, tablets, laptops), clothing (t-shirts, shorts, scarfs, hats) or kitchen items like cups.

How do betting promotions and bonuses work?

Betting promotions and bonuses work under specific Terms and Conditions that every punter needs to adhere to. Also, remember that the first deposit bonus requirements are much simpler and easier to understand than other types of free bets.

To receive a welcome bonus you need to meet the following criteria:

  • you have to be of legal age to bet (18 years or above)
  • you need to open a new betting account with that particular bookie
  • you must meet the minimum deposit amount

However, once the bonus is credited to your account, you will quickly discover that you must follow a long list of requirements to use the freshly received bonus for placing bets. Some of these are:

  • the sport you can wager on
  • the minimum odds required for each bet
  • the type of bet (single, ACCAs, in-play, etc)
  • the rollover requirements
  • the expiration date

From my experience, I can tell you it’s not easy to withdraw money from a betting bonus that was credited to your account. While some of the T&Cs are easier to adhere to like the sport, and type of bet, the minimum odds and the rollover requirements will give you a headache.

Types of free bets

The types of free bets you will receive from a bookmaker will be according to the type of punter you are. As a general rule, the more you bet the more free bets you get. Bookies developed new free bets to keep punters using their service. I will break down some of the most popular free bets used by bookmakers that you could benefit from.

  • Birthday free bet is a great reward received from the bookie that will credit your betting account each year for your birthday
  • ACCA free bets: many bookmakers offer you free bets for placing Accumulator bets
  • Free bets for completing missions: the bookie sets up daily missions that once completed reward the punter with free bets
  • In-play free bets: some bookmakers will reward your live betting activity with in-play free bets

While some of these free bets are a great way to test different betting markets, you still need to adhere to the Terms& Conditions of use for your bet to qualify as a free wager.

How to use betting promotions effectively

Although some punters neglect completely the free bets because of the strict requirements they need to adhere to, you could still return a profit from such offers. Besides, receiving a welcome bonus of 100% of your first deposit to a specific amount is the best free bet you can get.

Furthermore, by setting up a betting strategy like D’Alembert, tailored to meet the free bet T&Cs., you could eventually withdraw the bonus to your bank account. To illustrate better I decided to give you the following example.

Example of  free bet

You just opened a new betting account with one of the licensed bookies on our website that offers you a 100% bonus on 1st deposit of up to 100$. However, before you make the first deposit, make sure to enter the welcome bonus promo code. Once you set up your account, the bonus will appear in your balance as credits.

The rollover is 10X and the minimum odds are 1.60. You can use the bonus to place any soccer bets. However, stick to what you know best and keep it simple. Go for HT/FT bets, over/under 2.5 rather than corners or bookings. Although betting 10X the bonus amount and transforming the bet credits into real money is difficult, you can prevail.

Furthermore, some bookies impose strict conditions that decrease your chances of rolling over the bonus. The bookmaker will count the money you deposited and not the bonus as a betting stake if the wager doesn’t exceed the amount you deposited.

For example, you deposited 100$ and received another 100$ as a bonus. If you place a 130$ wager, 100$ will be from the money you deposited and only 30$ of the bonus. So, despite wagering 130$, only 30$ counts as being rolled over. Keep that in mind!

Free bets strategy

The best way to meet free bet requirements regarding minimum odds and the rollover amount is by placing live bets. I have used this strategy successfully several times already. However, you need to know exactly what outcome you will back before the game starts. This means you need to do a pre-match analysis and use a betting strategy that will allow you to lose a few bets without losing the entire bankroll.

Another way is to build trebles by picking top teams. Backing Manchester City, PSG and Real Madrid throughout the entire season in a 3 fold Acca will boost the final odds and maintain high chances of winning. Also, backing in-form teams that face weaker opponents is another way to go.

Your goal is to roll over the entire bonus and withdraw it to your betting account and not to win every bet. As long as you don’t lose your bankroll, it doesn’t matter if you lose a couple of bets if you successfully rolled over the bonus amount.

ABOUT THE AUTHOR

Stefan Budur


Former owner of Betting Mojo, experienced bettor and former punter at Betadvisor, Stefan has done it all when it comes to soccer betting. With more than 15 years of experience in the gambling industry, he gained a lot of knowledge that he'd like to share with SoccerNews.com readers so you can position yourself better every time you place a bet.

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