Free bets in the Australian bookmaking industry has become one of the most competitive methods for attracting new customers on the Internet. While most bookmakers offering freebets in Australia give similar betting menus and odds, it falls upon extra packages to be the difference maker for players who are looking for a new bookmaker.
Types of Bonuses
While online casinos and bingo parlors are famous for its wild variety of perks promotions, online sportsbooks will generally have a smaller menu of plus options. The primary focus is put on bookmakers bonuses. Each of these extras can be awarded through a variety of different formats and come with specific terms and conditions that are strictly enforced.
Matching Deposit Bonuses
Matching Deposit Bets are used as incentives to get players to make deposits. The most common type of matching deposit prize from by sportsbooks is the welcome aboard offer. Typically, sportsbooks will award players a matching wager equal to some percentage of the first deposit the player makes. While online casinos are famous for providing upwards of 500% welcome grant with aggressive maximums, they usually come with substantial rollover requirements. In the sportsbook world, promo managers take a more conservative approach by handing out smaller (50%-100%) bets and lower maximums with very attainable rollover requirements. The other type of of matching deposit profit is a reload bonus, which is delivered on subsequent deposits if available.
Bookmakers Free Bets
In lieu of matching deposit offers, some sportsbooks prefer to give players complimentary wagers. In some cases, these bets might be directed towards a designated event(s). In other cases, the players might have more latitude with how they use the money. As far as other restrictions are concerned, some sports books will require the player to first make a real money "qualifying bet" with the promise of matching that amount in the form of a free bet of equal value. Also, bookmaker promotions are used as incentives to get players to join in the action or as intermittent rewards for loyalty.
Selecting a Bookmaker Bases on Bonuses
Now that you have a general idea what types are available from most of the reputable sportsbooks, you might be wondering how you should go about getting the best available value. There are three factors you should consider closely when comparing offers:
● The size of the offer - Obviously, a higher matching percentage amount is preferred.
● Betting restrictions - In some cases, a sportsbook might require the player to use a free bet or matched bet on a designated event, on something with minimum stated odds, or on a specified sport. The more freedom you have, the better.
● The rollover requirement - This is the number of times you have to wager the free amount before you are allowed to withdraw any monies associated with the offer. A rollover requirement of 4X is quite common. If your offer was $50, you
would have to wager $200 in sports bets to meet the rollover requirement. Again, a lower requirement is preferred.
In a perfect word, you would get a healthy with no betting restrictions and a low to no rollover requirement. Since you don't live in a perfect world, it's up to you to determine which of these three factors are most important to you. And make sure to check several reviews for each online bookmaker before deciding.