Luxbet Free Bets
On the competitive front, Luxbet is charged with competing against some of the top bookmakers in the world. It’s apparent that the site chooses to take a rather conservative approach with its promotions, but is doesn’t mean that Luxbet free bets aren’t worthy of consideration. In fact, they are. While free bets are made available to established players on an interim basis with the proper free bet codes for Luxbet, it’s the welcome free bet offer that seems to draw the most attention.
Luxbet Welcome Free Bet Bonus
While the Luxbet welcome free bet offer is always subject to change, the offer currently being advertised on the website and throughout the industry stacks up pretty well against the competition. New customers are eligible to receive $150 in free bets by doing nothing more than making a qualifying deposit of $50 or more. That’s right! They get a 300% match on a $50 deposit without having to place a qualifying bet, which is often seen as an industry standard. Of course, the real value in any bookmaker’s promotion is often determined by the offer’s terms and conditions, which go a long way in determining how likely it is that a punter can turn the offer into real cash to be withdrawn or used to build a bankroll. See our full Ladbrokes review for more details.
Rules for Luxbet Free Bet Offer
Here’s a look at the current rules for Luxbet free bet offer. Punters will note that while many of the Luxbet free bet terms and conditions are based on industry standards, there are a few that stand out as rules design specifically for Luxbet customers.
- Residency Restrictions – This offer is only available to Australian residents who live in one of the following provinces – QLD, TAS, ACT and NT.
- Deposit Requirement – This offer is only available for first time customers who make an initial deposit of not less than $50. Once the deposit amount has been verified and deposited into the punter’s wagering account, the bookmaker will deposit the bonus bet monies into the punter’s bonus account within 1 business day. Note: In many cases, the bonus amount is available within the first hour. The appropriate free bet code for Luxbet’s welcome offer will be provided upon registration.
- Wagering Restrictions – All bonus monies must be wagered within 30 days of receiving the allotment. Wagers can be placed in any increments of $10 or more. Should the bonus bet balance fall below $10, no further wagers can be made. Bonus bets must be made on straight or single-event wagers from eligible markets. This does not include promotional events, multi or exotic wagers and wagers on contingency markets with a 2/3 contingency.
- Bonus Bet Winnings – Any winnings derived from bonus bets will be placed in the punter’s regular wagering account with the stake amount deducted and returned back to the bookmaker.
- Rollover Requirement – Prior to becoming eligible for withdrawal, bonus bet winnings must be wagered at least 1X on an eligible market that carries odds of +150 or greater. Any wagers made on both sides of the same event will not count towards the rollover requirement. All bonus bet winnings must be used to meet the rollover requirement within 30 days. Failure to comply will result in the forfeiture of all bonus bets, bonus bet winnings, plus any additional winnings derived from those winnings.
- Withdrawal Requirements – All qualified bonus bet winnings will be subject to the site’s standard withdrawal terms and conditions. Chief among these terms and conditions are the requirements that the punter could be subject to a pending period of 48-72 hours and the need to present the required documentation to be used as proof of identity.
- Other Terms and Conditions – Bonus bets cannot be used in conjunction with any other bonus or promotional offer. Only one welcome free bet bonus can be redeemed per account. This offer is only available for recreational punters. The site is free to refuse this offer to anyone suspected of being a professional punter or insider.
Based on the Luxbet free bet terms and conditions listed above, punters can assume they have a reasonable chance of turning their bonus bet allotment into real cash. As always, it is important for punters to strictly adhere to all of the promotion’s terms and conditions in order to avoid forfeiture of any bonus amount and associated winnings. Punters should also note that each of the free bet codes for Luxbet being used for other promotions are subject to its own set of terms and conditions, though some of them may remain the same. As such, it is important for a punter to read all terms and conditions prior to accepting any offers.