How Does Betting Site Rates Work?

The odds of any successful sports betting enterprise are extremely low. For every winner, there are roughly ten losers. One would think that this is sufficient reason for not getting involved in sports betting, but people still flock to the bookies in their droves.

What kind of sports betting business model would entice gamblers to try their luck? The answer is the bonus system, which is designed to appeal to even the most reluctant of bettors. Let’s examine how this works.

The Different Types Of Bonus Schemes

There is one major type of bonus scheme that is particularly enticing to bettors: the money-back guarantee. When a sportsbook provides you with a cash refund if you wagered successfully, you have all the makings of a profitable sports betting enterprise.

Money-back bonuses are widely implemented throughout the industry. Some of the biggest brands in sports betting offer them, such as William Hill, which is one of the world’s premiere bookies. The following are examples of money-back guarantees offered by top-rated betting sites:

The William Hill Free Bets Offer

Every so often, William Hill will let you place a free bet at one of their sportsbooks. You won’t find any books for sale in this case, as the closest thing to it would be the Casino Specials section. These are the types of books that you can place a free bet on, but they don’t have a money-back guarantee.

The BetVictor Money-Back Bonus

Bet Victor is an international betting brand that is licensed in a variety of countries, including England and Wales. Their bonuses are designed to be as appealing as possible, which is why they are shrouded in mystery. For instance, when you initially purchase coins at a BetVictor casino, you will be presented with a list of games. There are several hundred to choose from, but you are unlikely to see most of them due to the brand’s popularity. In lieu of this, the following are some examples of money-back offers from BetVictor:

Tropicana.com Promotions

Tropicana.com is a luxury goods retailer that offers gaming as a means of advertising. Instead of simply throwing a marketing ploy at the wall to see what sticks, the brand knows precisely which buttons to push to ensure that its customers are always looking for the best deals. During the week of 19 August 2019, they gave away a free iPad with promotional codes for various sportsbooks. All you had to do was login with your email address to be eligible for the promotion. Upon registering a new account, you will be asked to pick a username and password. One of the promotional codes was specifically designed for William Hill customers. This is no coincidence, as the casino giant is one of the most recognizable brands in sports betting. The following are the terms and conditions of the giveaway:

• You must be a legal gambling age in your country of residence.• You must make a deposit of £10 or more. (In some regions, the minimum initial deposit is £20.)​• You must use the code WILH to obtain the iPad. (The code is case-sensitive.)

All of this might seem a little too good to be true, especially since you have to follow a series of rules to obtain the freebie. Still, there are numerous reputable sportsbooks at which you can place a wager with a money-back guarantee. As long as you meet the minimum payout requirement (usually £10 or more), you will get your money back. The following are a few more examples of bonuses offered by some of the top-rated sportsbooks in the world.

Ladbrokes Free Bet Offer

Ladbrokes is one of the most recognizable betting brands in the world, with offices in London, Dublin, and Gibraltar. Their customer base mainly consists of United Kingdom and Irish gamblers. One of their most popular offers is the money-back betting scheme. This is one of the most popular types of incentives offered by sportsbooks and casinos alike. When a sportsbook allows you to win or lose your wager and get your money back, it is usually seen as a positive development. It means that the odds of winning are in your favor.

Paddy Power €20 Freebet

Paddy Power is one of the biggest gambling companies in Europe, with a headquarters in Dublin, Ireland. Their customer base mainly consists of Europeans, with a sizable following in the United Kingdom and Ireland. One of their most exciting promotions is the €20 freebet offer. What exactly is a freebet? It is simply a bet that you make without risking any of your own money. Instead of offering money-back guarantees, Paddy Power lets you choose whether you want to win or lose your wager. There is also a variation of this scheme, whereby you are given a free bet with odds of 3:1 or greater. (3:1 means that there is a 3% chance of winning the bet.) The following are the details of the €20 freebet offer:

• You must make a minimum £10 deposit using bonus code FDWO at any Paddy Power sportsbook. (The same bonus code lets you make a deposit at any William Hill sportsbook.) It is important to keep in mind that depositing at a Paddy Power casino with bonus code FDWO will only give you access to Aussie Aussie, Blackberry, and Paddy Power Football pools. (Paddy Power Racetrack and Basketball are the only other forms of betting available at casinos.) You will not be able to place a wager at a Paddy Power social club without first depositing using bonus code FDWO.

• The following sports are available for the €20 freebet offer: Australian Rules Football, American Football, Basketball, Baseball, and Cricket. (Paddy Power offer their own odds for most sports, but they generally adhere to the rules of the governing body.)

While the bonuses at these five sportsbooks might not seem like a fortune, if you can win big, you can take home a huge payday. One final word of advice: if you are looking to place a wager at a website that is not regulated in your country of residence, proceed with caution. A lot of online penny pinchers want to make a quick buck by pretending to be from England, where online gambling is legal. (The answer to this ruse is simple: it is not legal for British people to wager online from England, so the scammers will never get their hands on your money.)

Sky Bet £20 Freebet

Sky Bet is a subsidiary of Main Sports that is licensed in Great Britain and Ireland. They also have offices in Spain and Germany. One of their most popular promotions is the £20 freebet. Similar to the other bookies on this list, they offer a money-back guarantee if you bet successfully, or you can choose to put your money on the line and win or lose your wager as is common with most UK betting sites.

Bet365 £10 Freebet

Bet365 is one of the biggest sportsbooks in Europe, with offices in London and Dublin. In addition to standard cash deposits and withdrawals, they also offer a VIP scheme that rewards frequent gamblers. One of their most popular offers is the £10 freebet. This special incentive is intended to appeal to the masses, as you will typically get your money back if you bet successfully. When a gambler deposits money into their account, they earn a £10 freebet, which is then placed into their Sportsbook. The following are some examples of the types of bets available at Bet365:

Tropicana.com Promotions

As mentioned above, Tropicana.com is a luxury goods retailer that offers gaming as a means of advertising. During the week of 19 August 2019, they gave away a free iPad with promotional codes for various sportsbooks. All you had to do was login with your email address to be eligible for the promotion. Upon registering a new account, you will be asked to pick a username and password. One of the promotional codes was specifically designed for William Hill customers. This is no coincidence, as the casino giant is one of the most recognizable brands in sports betting. The following are the terms and conditions of the giveaway:

• You must be a legal gambling age in your country of residence.• You must make a deposit of £10 or more. (In some regions, the minimum initial deposit is £20.)• You must use the code WILH to obtain the iPad. (The code is case-sensitive.)