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Terms & Conditions - What you need to know

There are different requirements for what you need to do in order to be eligible for the bonus, which can mean an initially really attractive looking bonus, actually requires you to have staked so much, you'd have been better off picking up a £10 bonus somewhere. The key concepts to know about the bonuses offered therefore are:


1. Percentage of minimum stake or bet

Bonuses are generally offered based on a percentage of your initial deposit or first bet. This is important to understand, as when you see 'up to £500' bonuses offered, this could mean you have to deposit £1000 straight into a bookmaker's account, which not everyone is up for. Don't worry though, there are plenty of easier bonuses to pick up, and we've summarise d a matched betting strategy below to help with this.

 

2. Rollover

A number of bookmakers require you to have re-bet your bonus/initial deposit a number of times before you are eligible for the bonus. So a company offering a £50 bonus with a rollover of 4 means you need to have bet £200 (4 x £50) in order to get the bonus. There are plenty of offers for only x 1 rollover, but again, it's another thing to be aware of.

 

3. Minimum odds

A number of free bets, or bets that qualify you to receive a free bet, require the odds to be greater than 1.5 to evens.   This is to avoid you just putting bets on 'dead certs' to receive a free bet. In our example strategy we only look for match bets above evens to be on the safe side.

 

4. Withdrawal period

Some bookmakers require you to keep the funds in the account for a certain length of time (e.g. 30 days) before you can withdraw the funds. This means you have to think about your cash management before dumping £1000 in a bookmaker to get a £500 bonus, as if it means you can't eat for a month, you might want to rethink your strategy.

 

5. Free bet expiry

Some bookmakers require you to have place the free bet within a certain period of time (usually between 7 and 60 days). This means, that even though it doesn't take that long to accumulate bonuses up to £50 , you need to manage your time to ensure you don't get caught out by things like this.

 

6. Refund of losing bet or free bet

They're different. Refund of losing bet is less valuable when performing a matched betting strategy, as it means you only really get back 25% of the bet, whereas, a free bet, you can optimise to get back 50%.

Risk Warning

Online gambling is illegal in some Jurisdictions. It is your responsibility to check your local regulations before gambling online. Betting-Bible.com takes no responsibility for your actions. Please ensure you fully understand the risks of Spread Betting, CFD trading, and Sports betting before you continue. For more information, please read the full risk warning

 

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