There are many types of sports betting bonuses that new and existing customers can enjoy with online bookmakers in the UK. Below we have listed some of the most popular you can expect to find.
Bonus type 1: Free bets
There are lots of ways that you can get yourself a free bet. The most famous of these is the betting sites with welcome bonus which generally ranges from £10 to £60. In all cases, the stake portion of the bet will not be included in any winnings. Some of these free bets can only be used on stipulated betting markets while others can be used on anything you like.
Many online bookmakers also run free bet clubs where you can earn a free bet after meeting certain requirements such as placing five bets of a certain amount over a designated time period. You can also win free bets through free to play games.
Bonus type 2: Cash back
Some bookies offer money back on losing bets up to a certain amount. This amount is usually stated as a percentage. While the refund can be paid in cash, it can also come in the form of a free bet being dropped into your account. With this type of promotion, you are betting with your own money rather than the bookie’s as is the case with a free bet.
Bonus type 3: Matched deposit
With this offer, the sportsbook in question will match your deposit with bonus money. There are likely to be wagering requirements attached where you will need to stake a stated amount before you will then be able to make a withdrawal. After the deposit has been made, you will usually receive around 50% bonus money.
Bonus type 4: Acca insurance
Acca insurance is a promotion run by bookmakers where you get your stake back if one leg of your accumulator bet loses. These promotions will usually only count towards accas that are made up of a certain number of selections such as five legs or more. The bonus isn’t designed to compensate your win, but it can cover your losses. In most cases, your stake will be returned as a free bet.
Bonus type 5: Best odds guaranteed
Generally a horse racing promotion, best odds guaranteed, often shortened to BOG, comes into play when you back a horse and take the starting price (SP). If the horse later goes off at a higher price, then the bookmaker offering BOG will pay you out at that higher price meaning you get the bigger win and wont regret taking the earlier price.
Bonus type 6: Enhanced odds
Put simply, enhanced odds are a promotional offer run by online betting sites that are designed to attract punters betting on specific sporting markets. This type of promotion, which can sometimes be offered more than once a day, will boost the odds on selected outcomes higher than the original price. When your selection is in your betting slip, click on the boost button to get the better odds.