Types of Betting Bonuses & Promotions in Australia
There are many offers to find at online betting sites in Australia. Some are for new punters, while others are meant for everyone. They can differ quite a bit. Even for new members, bonuses come in various shapes and sizes. Let’s break down the most common ones and find out how they work.
Bookies will sometimes give you a sign-up bonus to encourage you to register with them. In Australia, though, this isn’t allowed. You can only get a welcome offer when you join an offshore betting site. They almost all feature deposit or no-deposit bonuses.
A deposit bonus comes as a match bonus, which means you get a percentage of your deposit. They can double your deposit amount, so you can use them to increase your winnings.
With a no-deposit bonus, you don’t need to risk your own funds. The bookmaker gives you free cash that you can use on their platform to bet and potentially win real money.
You can also get a free bet without making a deposit. Not all bookies give out this type of bonus, so it’s actually amazing when you find one that does. The truth, however, is that a free bet isn’t really free. They still have some limitations, so you won’t be able to claim them immediately. The bookie might specify a wagering requirement that you must meet before you can cash out the free bet.
Cashback can also be part of a welcome bonus, or it might be restricted to certain events. The idea is to reduce your risk, with the site paying back a percentage of your wager if things don’t go your way. If you see an offer that says that you will get a refund of up to 25% of your losses, then that’s cashback. In that case, should your bet fail, then you’ll still get a portion of your money back — it’s kind of like a little insurance.
If you’re into punting on multiple games or events at once, accumulator bonuses are for you. Bookies multiply your potential winnings when you add more games to your bet slip. Some may give a bonus as large as 225% when you bet on up to 25 games. Accumulator bonuses are meant for everyone using the site as long as they bet on multiple games. This type of bet is quite risky, but then the potential rewards are incredibly large.
If you have someone to invite to the platform, you can get a special bonus as a reward. The site will most likely provide you with a link to a code that you give to anyone you refer to the gambling platform.
This is more or less a deposit bonus, and it’s often included in the welcome package. It may match your deposit when you add funds to your account, potentially doubling your bankroll.
Some betting sites have loyalty programmes that offer ongoing rewards. You might need to opt in, but some automatically enroll you when you sign up. These programmes reward players who stick around and keep betting. When you gamble, you rack up points and can exchange them for some amazing rewards.
This offer is also quite rare because it means you aren’t taking on any risk at all. Should your bet lose, you get your stake back. It’s quite different from cashback; with those offers, you get a certain percentage back. With a risk-free bet, you get all of your money back.
These bonuses are a bit of fun and work like a challenge. The site will give you an activity to complete, such as placing a bet on a specific game or using their app. Once you’ve completed the task, you get a bonus. This is an extra incentive to try something new.
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