Before you go on believing that bonus offers are going to be a great source of free money, you need to make sure you read all of the terms and conditions that encompass pretty much every bonus offer you might encounter from an online sports book or casino. Quite honestly, terms and conditions are used for two reasons, to make it difficult to win additional monies and to make it difficult to withdrawn said monies. After, iGaming sites are not really in the business of giving away free money.
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That’s not to say bonus offers are worthless or trivial. In a world where nothing is given for free, bonus offers still provide punters with the opportunity to turn a little free cash into a decent bankroll. Any chance is still better than no chance at all. Punters have an obligation to themselves to take advantage of every bonus opportunity they can get with little to no regard for how much of a long-shot it might be to convert said bonus into something of value.
One of the reasons it’s so important for punters to read all terms and conditions is because of the degree to which they will vary from one site to the next. Furthermore, terms and conditions can also vary from one bonus promotion to another within the same site. In order to avoid confusion, you should get yourself into the habit of reading all terms and conditions prior to accepting any offer.
Luxbet Bonus Offers
Luxbet is a popular online sportsbook that provides wagering on both sports and horse races from all over the world. The site is owned and operated by TabCorp, which is licensed and regulated by the THE ISLE OF MAN GAMBLING SUPERVISION COMMISSION. With a focus primarily on an Australian customer base, Luxbet bonus offers are generally confined to free bet offers.
The fun starts with a Luxbet sign up bonus. After registering for an account, the punter is required to make a minimum initial deposit of $50. After making said deposit, they will be entitled to receive a Luxbet sign up bonus of 300%, up to a maximum bonus amount of $150. This particular Luxbet bonus bet can be used to bet on any eligible sport in increments of at least $10, though certain other terms and conditions do apply.
Aside from the Luxbet sign up bonus, Luxbet also offers intermittent (daily, weekly, monthly) free bets on specified sporting events or horse races. The amounts of these free bet offers usually range between $20 and $50 based on a number of factors used by the site’s promotions manager. This type of Luxbet bonus bet is usually offered to all existing customers, though long standing customers are usually given preference in certain cases. Again, each of these offers carry its own terms an conditions, which need to be read and understood.
Luxbet Bonus Bet Rules
As indicated above, each online sportsbook and online casino is going to have its own set of bonus rules. Luxbet bonus bet rules are determined on a by promotion basis. In other words, each promotional offered made by this site will carry with it its own set of Luxbet bonus bet terms and conditions. Typically, all Luxbet bonus bet terms and conditions will address three different areas:
- Qualifying for the Bonus Bet
- How the Bonus Bet is to be Used
- When Bonus Bet Monies are Eligible for Withdrawal
Based on these three areas of concern, here’s a look at the terms and conditions related to Luxbet’s current sign up bonus bet. Based on this information, you should be able to get a good idea how most, if not all, of the site’s bonus promotions are going to be administered.
Sign Up Promotion – Deposit $50 or more and receive $150 in free bets
Qualifying for the Bonus Bet – All punters must be 18-years old or older. The offer is only applicable to Australian punters located in the provinces of QLD, TAS, ACT and NT only. The $150 bonus bet award will only be made for deposits of $50 or more. The bonus bet amount will be credited to the punter’s bonus account within one business day of making their first deposit.
How the Bonus Bet is to be Used – The entire free bet amount must be wagered within 30 days of receiving the offer. Additionally, all rollover or play through requirements must be met within the same 30-day period. Punters may place wagers on any eligible markets listed on the boards during their 30-day free bet offer period. These free bet amounts cannot be used on multi-bet wagers, promotional markets (special events) or contingency markets with a contingency of 2/3 or less. Qualifying free bets must be made in increments of $10 or more on events or series of events that come with odds of +150 or higher in order to meet the promotion’s eventual rollover requirements. On any winning bets, the punter’s regular account will only be credited with the winning amount with the stake amount going back to the bookmaker.
When Bonus Bet Monies are Eligible for Withdrawal – This particular promotion does not come with a conventional rollover or play through requirement. In order for any free bet winnings to become eligible withdraw, they must have been earned on a wager or wagered on another event carrying odds of +150 or greater in order to meet withdraw eligibility requirements. Wagers on both sides of the same event will not be permitted for the purpose of meeting these eligibility requirements. Withdraws may be subject to a pending period of 48-72 hours and the presentation of documentation to be used as proof of identity.
Failure to meet any of the listed terms and conditions will result in forfeiture of both the bonus bet amount, plus any associated winnings that may have been accumulated from the bonus bet amount prior to disqualification.
It is important to remember the above terms and conditions are only applicable to the sign up bonus bet offer. Any other bonus bet offers made on daily or weekly events will carry its own set of terms and conditions. If you have any further questions, you can contact Luxbet’s customer service department or review the “Bonus Bet FAQ” section.
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