When you become a member of a bookmaker’s satellite betting firm, you typically get a welcome bonus of up to £500 in free bets.
It’s a great opportunity to make some extra cash from betting, but you must be mindful of the terms and conditions. These vary from bookmaker to bookmaker, but you can find the general guidelines on almost all websites. The key things you need to watch out for are maximum and minimum bets, and the wagering requirement. If you’re new to betting, then these might seem a bit steep, but trust me, you’ll soon get used to them. For now, let’s dive into what exactly +500 means and how you can make the most out of it.
What Is The 500 Free Bet Bonus?
The bonus is frequently referred to as the ‘500 Free Bet’ but, as previously mentioned, this is merely the welcome bonus that most bookmakers offer. This is essentially just a promotional offer from the bookmaker, with no obligation to actually use your 500 free bets. Simply sign up with the bookmaker, make a deposit, and you will immediately qualify for this bonus. Some of the most popular bookmakers who offer this promotional bonus are Ladbrokes, Paddy Power, and Sky Betting.
This bonus usually applies to sportsbooks, but it can also be available in other parts of the bookmaker’s website. The amount of the bonus will often be contingent on the initial deposit that you make. So, for example, if you deposit £10, then you’ll receive £50 in bonus cash. This can be advantageous for those who want to bet larger amounts.
The perk of this bonus is that it gives you a chance to bet on almost any game that the bookmaker offers. This includes tennis, golf, car racing, snooker, and many more. Just keep in mind that not all sportsbooks offer this bonus. Make sure to check with the bookmaker before you make a purchase.
How Many Bets Do I Have To Make To Use The Bonus?
In most cases, you will need to make at least two valid bets before you can withdraw any winnings from this bonus. This is to prevent abuse by those who try to make lots of money from this bonus by placing lots of bets without any intention of winning. This type of behavior will likely get you banned from using this particular perk.
Make sure to read the terms and conditions of the bookmaker before you use this option. This may indicate how many bets you need to make before you can withdraw winnings, or it may specify that only certain types of bets qualify for the bonus. In some cases, you will need to make a certain number of consecutive successful bets before you can withdraw any winnings.
What Types Of Bets Can I Place With This Bonus?
Since this bonus is typically offered in the Sportsbook section of the bookmaker’s website, you will need to place bets on sports events. This includes football, cricket, snooker, and many more. You can’t simply place any type of bet with this bonus, you must first select which sports events you wish to bet on.
Bets on horse racing are also acceptable, as long as you place them within the appropriate territory. For example, bets on English racing must be placed in England, and those on Irish racing must be placed in Ireland. If you place a bet on a horse that subsequently loses, then you’ll have some recourse. The bookmaker will usually offer ways to get your winnings back if they are owed to you.
Can I Use The Bonus On Mobile Bets?
Most bookmakers are transitioning towards mobile wagering nowadays, which is great for those who want to place bets on the go. This also makes it much easier for those who want to use this bonus since they can place bets from almost any location. When you are on the move, however, you must have access to a WiFi hotspot in order to do so. This can be a challenge since WiFi isn’t always available in public places and some hotspots require you to pay for access.
If you do try to use this bonus on a mobile device, then you must take extra steps to ensure that you are indeed using a legitimate hotspot. Instead of using public WiFi, you can purchase a VPN for smartphones in order to ensure that your traffic is anonymized and untraceable. This way, you can use whatever hotspot you want without fear of being identified by the operators.
Minimum And Maximum Bets
When you place a bet with this bonus, you will be agreeing to abide by the rules and regulations of the bookmaker. One of the most important of these is the maximum and minimum bets allowed. Most bookmakers have a minimum bet amount of at least one pound, although some will allow you to make lower minimums. The maximum bet amount is almost as important, and it varies from bookmaker to bookmaker. Make sure to check the specific terms and conditions of the bookmaker before you place a bet, so that you know exactly what you are agreeing to.
Wagering
Wagering is another important consideration when using this bonus. Most sportsbooks will have a ‘wagering requirement’, which is the amount of money that you must wager before you can withdraw winnings. The amount of money that you need to wager depends on the amount that you initially deposited and how much you gambled before you activated the bonus. For example, if you deposited £100 and you won £50 in wagers, then you will need to wager £50 before you can withdraw any winnings. This is to prevent people from using this bonus to quickly win big and then leave the website. You will have to wait until your account meets the required wagering criteria before you can request a payout.