"Bonus Bets" & "Free Bets". Are They Really Free ?
The term “free bets” is often used interchangeably with “bonus bets”.
In order to avoid semantic confusion over both of the bookie terms, here is a short explanation, with some common sense reality thrown in.
“Free bet” implies a wager that did not require a bookie client to make any bet whatsoever, but there were never any of those. “Bonus bet”, on the other hand, refers to simulated money a bookie will supply in certain circumstances, such as a win bet on a horserace where the backed horse runs second or third.
Bonus bet funds cannot be withdrawn as actual cash until the bookie’s turnover requirements are met, and must be used on markets with longer odds, typically $1.50 or higher.
So, whichever term you use, you'd better remember that “free bet” and a “bonus bet” are two completely different things - except that “free bet” is not only extinct, it never existed.
Below you can find a quick look at how bonus bets work with some of the best bookies in Australia - read on to find all the latest news about Australian corporate bookmakers (Sportsbet, Betfair, Ladbrokes, Unibet, Bet365 and more), their bonus bets, promotions, products, reviews and online betting markets. See T's & C's and on Bookmakers Website
NEDS: Up To $100 Bonus Bets Horse Runs 2nd Or 3rd
Neds - Of all the bookmakers Neds stands out from the crowd. Read full T's & C's on Neds's Site..
They offer very competitive odds, top flux, free racing form, up to date betting news and more. Other promotions include Live Betting, Best Price of all Totes, Protest Payout, Best Odds, First Goal Scored and lots more.
Neds wagering interface will take a few moments for those accustomed to the more prevalent three-column layout used by many agencies, but we are talking about a question of minutes here, certainly not hours or days by any means.
Offering live audio and video feeds makes it easy to follow punts and learn outcomes immediately, giving your more free time to anticipate how to maximise Neds website or how to best enjoy the fruits of your labours. Join Neds Here »
SPORTSBET: Up To $50 Bonus Bets Horse Runs 2nd Or 3rd
Join one of Australia's best Bookmakers. Read full T's & C's on Sportsbet's Site.
Sportsbet would be a valid choice for a sole betting agency for all levels of punters. For those who prefer to distribute their eggs amongst many baskets by having multiple online wagering agencies, Sportsbet has low minimum deposit, wager and turnover requirements.
They also have no dormant account fees and a multitude of ways by which to fund an account.
Their primary website will be a familiar arrangement to any experienced punter, but even someone totally fresh to the site can be up and punting in minutes. Sportsbet also has great mobile wagering platforms that might possibly banish the desktop to service as a paperweight, along with plenty on one-off and ongoing bookie bonus bets promotions, offers and free promo's. Join Sportsbet Here »
UNIBET: 4 x Matched Racing Bet Bonuses Up To $25 Each
Join Unibet and receive 4 Matched Racing Bets Up To $25.00 Each. Just select Match Bet in the bet slip when placing your bet to trigger the Bonus Bet. This offer is available on Win Bets Fixed and Tote only. Bonus Bets have a 7 day expiry. Read full T's & C's on Unibet's Site.
Unibet are one of the largest online gambling operators in the world with over 9.5 million clients worldwide.
Unibet are one of the largest online gambling operators in the world with over 9.5 million clients worldwide.
They are also publicly listed company on the NASDAQ, OMX Nordic Exchange with offices all over the world including Australia, Sweden, Malta, Uk to mention a few.
Unibet offer plenty of promotions for both sports and racing and maintain a high level of client interest offering punters a great betting experience along with better odds.
Unibet Australia, mainly focuses on racing & sports and is also dedicated to international events. Join Unibet Here »
LADBROKES: Double Your Winnings Fixed Odds - $100 Bonus Bets
Place a fixed win bet and if your selection wins, Ladbrokes will double your winnings up to $100 in Bonus Best. Read full T's & C's on Ladbrokes Site.
There website loads very quickly and it has many dynamic features which makes betting quick and easy. Sign up now. Ladbrokes appears to have a very firm grasp on the Australian online wagering market, with all the features, bonus bookmaker bets and other promotions that make it suitable for those desiring to conduct their wagering activities in one place.
Highly competitive in all aspects, the company offers better than tote racing products and almost every conceivable sport has plenty of head-to-head and related sports and betting markets, so finding a wager is more a question of deciding which of the alternatives to pursue, rather than which are available.
The website and the mobile wagering platforms are top-notch, and offer the ability to stream video of many events, as well as offering a nice selection of promotions and bookie bets for newcomers and the regular clientele. Click Here To Join »
TAB: $50 In Bonus Bets Horse Runs 2nd Or 3rd
It was originally the Totalisator Agency Board. The name was soon shortened to TAB by punters and everyone else too busy to spit out the original mouthful. Read full T's & C's on TAB's Site.
From 2015, it was known as UBET. Punters who seek out the URL ubet.com.au are redirected to tab.com.au, although the operation had left government hands beginning in 1994.
Today, this online bookmaker offers all the bells and whistles, including a keen website and mobile app.
Punters will enjoy a pleasant and entertaining online wagering experience that features an unbeatable selection of sports and racing markets, competitive odds and plenty of bonuses and promotions to keep punter attention focused.
Racing punters are sure to appreciate TAB’s association with Sky Racing, which supplies the ability to stream Thoroughbred, harness and greyhound races live to a PC or mobile device for every race, except those in Victoria and NSW, which are audio stream only.. Click To Join TAB »
BLUEBET: Australian Owned Sports & Racing
See all their great promotions on most sports here including AFL, Soccer, Rugby, Tennis, NRL and more. BlueBet have an extensive selection of mobile apps, supporting the iPad, iPhone and Android operating systems.
BlueBet Australia is synonymous with bookmaking. BlueBet Bookmakers was founded in 1934 and is now one of the world’s leading betting and gaming bookies. BlueBet has expanded its betting business in recent years which now includes Australia and making avail their broad product range and innovations. BlueBet Customer Support delivers an excellent professional and responsive service 24 - 7.
BlueBet also has In-Play Betting with a click of the mouse. They provide punters with the fastest in play live sporting experience in Australia. The in-play betting revolution has begun! All that is required is a computer and within a matter of seconds you can have a bet placed on a live event. Click Here To Join
BETSTAR: Bet On Horses, Sports, Dogs & Trots
Betstar are licensed in the Northern Territory, Australia by the Northern Territory Government to accept bets by telephone and the Internet on Racing, Sport and Entertainment.
They continue to offer innovative services, including a nice range of bookie bet promotions that reward new clients for signing up and also older clients for continued loyalty to the agency. Just sign up with Betstar, deposit funds into your new account to collect your Deposit Bonus. Once your account is verified, you can apply for the Betstar VISA card that will give you access to your winnings seconds past the past. You can use the VISA card at any ATM.
Many people have expressed satisfaction with the high contrast look of the site, with white text on a blue background that shows well in most light conditions. Click Now To Join
Betstar accept Australian Dollars, New Zealand Dollars, Euro, Great Britain Pounds, and American Dollars. They accept bets on American football, AFL, Basketball, Baseball, Cricket, Chess, Gridiron, Golf, Rugby, Motor Racing, Soccer, Tennis and Horse racing, which has been the main stay for the company.
The popular betting types offered by Betstar are: Best of Three Totes, Best of Two Totes, Top Fluctuation, Protest Pay First Past The Post, Exotics, Jockey Challenge and more.
PALMERBET: Bet $100 Get $100 In Racing Bonus Bets
Palmerbet launched their online service in August 2013. They however have over 30 year’s experience in the Sydney and interstate betting rings. Read full T's & C's on Palmerbet's Site.
The owners being Grant and Andrew Palmer are committed in giving all punters a true interactive and pleasant experience with a very modern-looking site offering better odds and promotions.
Palmerbet Promotions include Money Back Bonus Bets, Boosted Odds on Saturday metropolitan racing, Favourite V The Field, Best Odds of the 3 National Totes and much more. They cover all types of race betting including, Horse Racing, Dogs, Trots - All Sports Betting such as Basketball, Rugby, AFL, Boxing Cricket Baseball to name a few.
Palmerbet have a excellent range of racing products including Best Of The Best, Top Fluc Up To The Jump, Best Tote, Exotics and more. There mobile phone betting app is excellent and well above par. It is easy to use and understand with all the bells and whistles. A big plus in this day and age.
Palmerbet are Australian owned and operated, licensed by Racing NSW and financially guaranteed by the NSW Bookmakers Co-operative. There website is very well designed with a bright clean and easy look about it. We found it very friendly to use. So one thing is for sure joining Palmerbet is a safe bet. Join Palmerbet Here »
BETFAIR AUSTRALIA: Australia's Only Betting Exchange
Punters accustomed to traditional online bookmakers will discover that betting exchange operator Betfair requires a little getting used to, but experienced punters really appreciate the ability to function in the role of bookmaker in certain markets.
Betfair Betting Exchange - value-conscious punters will appreciate what are perhaps the lowest margins to be found and ongoing surveys of Betfair odds for various markets frequently finds them at the top of the heap.
Betfair is the world’s largest and Australia’s only betting exchange wagering company. The Betfair Exchange always offers superior value than the traditionally TAB's or Bookmaker. Betfair offers better odds, lay betting or backing, offers functionality, offers better control and better betting opportunities. Betfair is the wise and only choice for punters looking to get more than just enjoyment from their betting.
They have an exceptionally nice wagering interface and mobile wagering platforms, combined with all the financial Betfair incentives, it almost makes it imperative to have an account with Betfair, even if other bookmaker accounts exist. Join Betfair Betting Exchange Here »
Betfair is the only one you can Bet on an outcome to happen or Lay an outcome not to happen. Betfair also offer InPlay betting from the start of an event up until the finishing post. These opportunities only happen at Betfair, so be a better punter with Betfair.
BOOKMAKER.COM.AU: Online Betting Racing & Sports
Racing punters with a long-term view toward profit will find more than enough bet types with bookmaker.com.au.
Favourite versus Field is one option that permits some spreading of the risk.
Clients of bookmaker.com.au enjoy valuable features, such as dividend payments right after interim dividends are announced with bookmaker’s Past the Post and Protest Payouts to relieve the sting of a winner relegated on protest.
Other bet types include Best of Best, Fixed Price, Mid Tote plus 5%, Fixed Price Place and a Nom Tote for selected events that allow a punter to nominate the tote price. All the exotics are offered as well.
The bookmakers.com.au website is clean to look at and intuitive to use. The same holds for the bookmaker mobile apps.
There is a huge number of domestic and international racing for all three racing codes and punters who need a break from racing will find that bookmaker.com.au is right up there when it comes to sports. Join Bookmaker.com Here »
PLAYUP: PlayUp Get In The Game
For the low cost of one portrait of AB Banjo Patterson, punters can set up a membership with PlayUp and have full access to one of the most full-featured arrays of racing and sports markets, fun promotions and competitive odds anywhere to be found.
PlayUp is one of the newer online wagering portals, having been launched in 2019, so everything seems fresh and sparkling.
This agency is proud to be Australian owned and operated and they have some of the best racing dividends to be found for racing, making them a must-have for racing punters.
PlayUp has one of the nicer offerings when it comes to Thoroughbred racing, with domestic and international races displayed concisely in a fashion that makes filling out a bet slip almost entirely intuitive.
Racing promotions include Best of the Best Premium, Best Tote or Starting Price and Protest Payout. Join PlayUp Here »
SPORTSBETTING: Best Prices, Best Tote & Top Fluc Available
Punters who value a solid track record in a bookie will want to look into SportsBetting.
SportsBetting is an Australian owned outfit that offers a comprehensive suite of wagering platforms, exceptional customer service, and enough bet types to satisfy the most particular racing punter.
It is a matter of pride with SportsBetting that they do not rely on gimmicks to provide a superb punting experience for all levels of punter.
Competitive odds and full coverage of domestic and international racing and sports markets are two basic reasons why a membership with SportsBetting makes sense.
There are plenty of ways to fund a wagering account with SportsBetting.
SportsBetting has existed for over 20 years, where others have come and gone or been absorbed, so anyone with any apprehensions about turning over personal details and money to a bookie can rest assured that SportsBetting is a trustworthy operation. Join SportsBetting Here »
BET365: Australia Highly Recommended
Bet365 is well worth consideration as a stand-alone bookie, or as part of a multi-pronged attack toward punting.
They have one of the best wagering interfaces we have seen, whether the offerings are viewed on a big screen, desktop, tablet, or mobile phone.
A key feature that punters who look to the less mainstream tracks and niche sports is that Bet365 video stream multiple thousands of events over the year and they offer audio streams of horse and greyhound racing.
Higher frequency punters will be glad to know that Bet365 have margins that average below the going rate for the industry, which adds to the bottom line over time.
Plenty of Bet365 promotions make it truly worthwhile to look at the wagering platforms every time it is time to fill out a bet slip.
The availability of a Bet365 MasterCard makes depositing funds and claiming winnings super convenient. Join Bet365 Here »
SPORTCHAMPS: Weekly Tournaments Over 500 To Choose
Long-time Australian bookmaker Alan Eskander, the founder of Betstar, is the driving force behind the presence of SportChamps.
This bookie is vastly different from most of the others by offering racing and sports betting contests that let punters go head-to-head with each other.
Tournament betting of this sort is what sets SportChamps apart from the rest of the lot.
There are always plenty of tournaments from which to choose, including some that are free of charge for those new to the concept.
Mobile betting, of course, is a given, but SportChamps seems to have found a way to make it even more appealing.
SportChamps offer over 500 tournaments most weeks and offers more than 12 codes, including Thoroughbred racing.
Monthly prizes of over $1 million per month, with tournaments ranging from winner-take-all to everyone-gets-a-prize accommodate every punter skill level. Join SportChamps Here »
BOOKIE BETS: Promotions & Offers - Australian Online Bookmakers
In Australia, Australian Bookmakers are no longer allowed to offer bonus bets, free bets and promotions to new customers as an incentive to join. May 26th 2019 was the cut off date.
It was New South Wales who recently put into force laws that prohibit bookies from enticing customers to join with sign-up bonuses or free bets or any other free joining offer - Now it is Australia wide.
We knew the day was coming and it is here and the rest of the states are now following NSW’s lead.
Most people who joined up all loved to have free bets, but residency restrictions often made many of the incentives irrelevant. Now, or at least soon, sign-up bonuses, free bonus bets and free bookmaker bets face extinction. The term "Free Bet" or "Free Bets" had to be changed to Bonus Bets.
Previously, bookies enticed you to join to grab the free bookies bonus bets offers, by joining up, give them all your details, name, address, phone etc and then submitting those details. That process is still much the same to set up a new membership. You will then receive back a user name and password so you can access the members’ page of the bookie you had just joined.
It used to require you to make a deposit into your bookie account before you could access your free bets bonus offer, but that soon will be a thing of the past.
Regardless of the type of bonus bet offers on hand on bookie websites outside NSW, whether it be a first match bet offer, meaning, whatever your first bet was, the bookmaker would match it with a bonus bet. Typically a $50.00, win, lose or draw bet, would earn you another bet worth $50.00.
If those bonus bets won, you would be paid the winnings only but not the actual stake, in the case of $50.00, you would only ever paid the winnings. Bookies such as Sportsbet had/have a first bet bonus offer valued up to $600.00 in the states outside NSW.
Another type of bonus bet offer that the bookies quite regularly offered was the first deposit match. So if your first deposit to your new bookie was $200, the bookie would match your first deposit with a bonus bet deposit match of $200 giving you $400 into your new account.
Bookies such as Neds and BetEasy both had offers such as deposit bonuses of $500 each. Those are things of the past now.
So when joining with a new bookmaker in Australia and looking for one or more of these reward offers, I doubt you will find one. Unless the Government bring in exemptions like they did 9 months ago allowing Horse Racing only sites to offer bookmaker bonus bets. We will have to wait and see.
Still, online wagering will continue on, just in a different form where bookies will compete along different lines.
Things to keep in mind when joining are: 1. Is the bookie's website user friendly. 2. Has the bookie on offer all sports and racing that you follow. 3. Does the bookie offer the best odds. 4. Are you able to deposit and withdraw with ease and by many means. 5. Have you checked out Forums to view any unfriendly comments about the bookie. 6. Does the bookie have good customer service and are they easy to contact
That was sound advice then and it still is now.
So as you can see from just this short list, there are many to keep in mind, not just the bookie bonus bet offers designed to entice you to join.
More About Bonus Bets & Free Bets
Along with being quite fun, bonus bets and bonuses from Australian bookmakers, when useable, could help give you the edge to stay in front.
For example, the recently completed Round 4 of the Toyota 2018 AFL Premiership competition did not have a whole lot of appeal in terms of the head-to-head matches for any other than fans of one side or another.
Bonus bets from Australian bookmakers, used to provide some interest in otherwise lack lustre rounds of the competition. The old system of free bets and bonus bets were designed to provide an incentive to follow the proceedings over the course of the season, and went a long ways towards keeping the level of interest going when it is early in the season.
It took some practice and experience to take best advantage of the so called free bets and bonuses from Australian bookmakers. It was the sort of thing that was difficult to describe perfectly, as the written instructions often took longer to read than it took to actually perform the task.
Using Ladbrokes for a brief example of the procedure used to unfold, similar in many aspects to the nuts and bolts to how it was with other bookies, gives some insight into how things used to be.
On the Ladbrokes page, there was a tab in the upper right hand corner of the site titled Bonus Bets. The procedure was slightly different for the mobile application, but was not difficult.
A bonus bets page would load, which would reveal a list of your current and previous offers (some offers would expire after a certain time or certain event). At that point, you simply clicked on the free bet or bonus offer you wanted to redeem. You needed to deposit money into your account if you were claiming a Deposit Match or a Reload Bonus, but that was readily evident.
Ladbrokes use to allow clients to split bonus bets into smaller bets in many instances. The important thing that had to be remembered was that once selected, bonus and free bets could not be changed once submitted to Ladbrokes. In most instances, only one bonus bet could be used per race or event.
Many of the bonus offers from Ladbrokes required selecting a market offering Fixed Odds and typically the market must have had odds of $1.50 or greater.
This restriction was quite common, as Australian bookmakers would not allow clients to use bonus bets to back short-odds favourites.
The most important thing to remember was to consider carefully how you wanted to use your bets and bonuses before you clicked/tapped on the button to place your bet.
Anyway those days are almost long gone, but the good news is, once you are a member of one of the Corporate Bookmakers, there is nothing wrong with them offering you bonus bets or promotions to keep you a long term and happy customer. They treat it like a reward to their client for being loyal and continue betting with them. Just something to keep in mind.