A Bonus Bet is a free bet that is offered to customers by online bookmakers as part of their sports betting promotions and this is one of the major reasons why betting online can be a big advantage for punters.
Bonus bets can be offered to punters for a variety of different reasons, but the majority of online bookmakers will deliver bonus bets to customers for betting on a particular betting market.
For example, leading online bookmaker Ladbrokes picks a feature race every single weekend, like the Melbourne Cup on the first Tuesday of November, and they offer a bonus bet to all punters that back the horse that finish second and third in the race.
These bonus bets are not just available for fans of horse racing betting and the majority of online bookmakers offer these form of bonus bets for sports betting as well.
Bonus bets are a great way to increase a winning payout on a Fixed Win odds bet in a racing market during key thoroughbred carnivals like the annual Melbourne Cup Carnival in October – November in the spring.
Many bonus bets at online bookmakers like Ladbrokes Australia also help take some of the risk out of placing a wager, offering punters the chance to win back money lost if a horse runs second.
Bonus Bets are usually credited into an online betting account very quickly so you don’t have to wait very long to enjoy another punt on a sports or racing market of your choice.
It is always important to check out the full terms and conditions at specific bookmakers in regards to their bonus bet turnover requirements. This ensures you know exactly how to claim any winnings enjoyed off a bonus bet wager and means you don’t miss out on any of your punting dollars!
There are also bonus bets offered up for new sign-ups to online betting companies in Australia. These First Time Bonus Bet offers can work in a number of ways. The most common and popular is rewarding new depositing players with a match bonus bets. These “free bets” work by matching the dollar amount first deposited by a new sign-up as a bonus bet that can be used on markets of the customers’ choice. Some sports and racing markets are excluded from bonus bet redemptions, so always check before making the final click on your Betslip.
Generous bonus bets are offered up by the online bookies down under who are trying to secure new players and lure clients over from rival bookmakers. During key racing and sporting events / seasons these New Bonus Deposit Match Bets can go up to $1000, so if you deposit $1000 you get a total of $2000 to bet with!
Bonus Bet codes are usually needed to take advantage of the free and bonus bets on offer. Codes are specific for certain amounts and bookmakers and are either mentioned on the online bookmaker site or in many cases are automatically filled into the relevant box when you follow the links to open a new account.
Daily Bonus Bets at a site like Ladbrokes are often every day and the markets / events punters can win bonus bets off change. Some of these work as Cash Back offers, some just give a Bonus Bet deposited directly into an exciting account and many are open on sports not just racing markets.
NRL and AFL seasons often see big Bonus Bets and offers running and multis can often work into a bonus bet promotion.
Bookmakers can also offer options of splitting Bonus Bets into more than one wager. So instead of having to use the full bonus bet amount on one runner in a single race, there is the chance to place a maximum number of smaller bets across multiple markets to increase the chances of getting a win!
Ladbrokes offer separate online betting promotions for thoroughbred racing, Harness Racing and Greyhounds racing every single day!
The leading online bookmaker also offer their customers the chance to score a free bet bonus every single weekend and their social media team is not shy at handing out bonus bets to winners of competitions.
The Ladbrokes Daily Bonus Bet is one of the most popular promos running on a regular basis in the country.
Ladbrokes also offer an exclusive new betting product called Odds Boost, which is here to stay. It isn’t a promotion but a way every client can get boosted fixed win odds across all racing codes on every runner in every race every day. Something like Odds Boost means punters don’t have to hunt around for Bonus Bets to get the most from their betting buck, the top odds are on offer already!
Ladbrokes also have very competitive Bonus Bets on offer for new players matching first-time depositing client’s initial investments dollar for dollar up to a set amount with use of a code word found on the website.
The Ladbrokes Free Bets and Bonus Bets are available for customers on all betting platforms including mobile devices making it convenient and easy to claim these awesome promos!
Outside the bonus bets running at Ladbrokes other exciting betting promotions, which are subject to change at any time, include their NRL Mega Multi and Footy Freaks open on multiple footy codes including the NRL, AFL, EPL and A-League.
Luxbet do not offer bonus bet specials as regularly as Ladbrokes, but when they do they are normally of the highest quality.
They generally offer their free bet promotions around sports betting markets and punters that place margin bets on selected AFL or NRL games receive their money back in the form of a bonus bet if their bet loses, but their selected team wins.
Luxbet are famous for their big Deposit Bonus Bets for new customers that can be as big as $750 at certain times of year. They also have Bonus Bet Splitting as a new and exclusive offer for Luxbet clients. The feature gives punters the power to divide their Bonus Bets into smaller stakes so they can spread out the bonuses across multiple markets. It also allows a player to group their Bonus Bets together to create a bigger bet that has a chance of paying out a bigger win! There can be minimum Bonus Bet amounts attached to this so make sure to check the website for full terms and conditions.
There are exclusive NRL bonus bets running over the footy season at Luxbet too including First Try Scorer bonus bets where if a punter’s selection for first try scorer doesn’t get the first four-pointer but does score a try anytime in the game, a bonus bet is credited to that customer’s account up to a certain stakes amount.
Luxbet offer lots of sports bonus bets on other football codes too including the EPL and A-League and are constantly coming up with innovative and unique bonus stakes offers to make having a punt on game even more exciting.
Betstar offer punters a bonus bet special on the races and the AFL every single weekend.
They select a race every Saturday, generally in Melbourne, and offer punters that back the horse that finishes second and third in a bonus bet, while they give AFL punters a bonus bet if their team leads at three-quarter time but lose the game.
Don’t forget they also offer a free sign up bonus on a regular basis.
New customers outside of NSW, WA, VIC and SA at Betstar are also rewarded with match deposit bonus bets, the amount of which changes seasonally. Betstar are one of the Australian online bookmakers that automatically fills out the Bonus Code for new sign-ups that hit the Join Now button so that customers can claim their first bet match bonus without having to jot down and remember a code word.
Cash Back bonus bets are also common at this online bookmaker that is home to the Betstar Card offering players instant access to the funds in their account!
Their weekly promotions are constantly offering exciting bonus and free betting opportunities for clients and they also offer Best Tote or SP all day every day so if there is no bonus bet offer to suit you, know you are still getting paid the premium price on Australian thoroughbred racing.
Betstar also have a Daily Bonus Bet Challenge promotion giving players the chance to win a free bet every day. Even better, entry is free for all punters and all you need to do is qualify each day and get the selections before the first race in the daily locations. This bonus bet promo runs across the greyhounds, harness and thoroughbred racing codes.
William Hill are well known for their Premium Prices special, but they also offer their customers betting bonuses for certain betting markets.
For example, they generally pick an NRL game every weekend and award a bonus bet to punters whose first try-scorer bet selection does not score the first try, but scores the second or third try.
William Hill are growing massively in Australia every month since launching the UK-originated brand down under. They have absorbed and overtaken a number of other smaller Australian online bookmakers including the Tom Waterhouse brand and their size alone makes them a good place to go for big Bonus Bets and Free Bets.
A great current feature on the site for the NRL season, which is subject to change at any time, is their NRL Double Down In-Play Bonus adding even more excitement to watching and betting and claiming bonus bets on a game live! They also have Winners Bonus Bets on offer in futures markets for the Premiership in both the AFL and NRL.
Their First Bet Offer for new sign-ups that register, deposit and place a bet is a match bonus bet up to $200, but is open on selected markets only.
Tom Waterhouse Bonus Bet Offers
Although Tom Waterhouse sold out to William Hill he stayed on as the William Hill Australia CEO and the Tom Waterhouse online betting site is still up and running offering plenty of bonus bets and promos. All customers that sign-up with Tom Waterhouse are actually becoming a William Hill client and so the First Bet Offer is the same as the one running at William Hill Australia.
Currently that Sign-Up Bonus Bet Offer is a match deposit bonus up to $200 and is subject to a number of terms and conditions that can be found in full on the website and mobile betting platforms.
Tom Waterhouse is also home to Mystery Bets, Take On Tom markets, Protest Payup and First Past The Post wagers. This plus Live Streaming on sports and racing and constantly changing bonus bet and free bet offers.
Centrebet Bonus Bet Offers
Centrebet really don’t offer a great deal of free signup bonuses and generally focus more on Double Your Winnings specials for the NRL and the AFL as well as Power Bets for selected horse racing events.
Bookmaker.com.au Bonus Bet Offers
Bookmaker.com.au are one of Australia’s leading online bookmakers and they are home to a host of top bonus bet promotions and offers daily. They are always offering Cash Back bonuses for specified races with money paid back to customers that backed a horse to win only to watch it cross second or third.
There are also Bonus Bets for 2nd promos run weekly at Bookmaker.com.au crediting a bonus bet into the account of customers if their first fixed odds win bet runs second in a race selected by the bookmakers.
Bookmaker.com.au like all good online sportsbooks also have a Welcome Bonus Bet offer for new sign-ups matching the customer’s first deposit up to a set amount. The great thing about this site in this regard is that you don’t have to remember a Bonus Code to claim the Welcome Deposit Bonus Bet offer as it is automatically filled in with the latest code when you hit the Join Now button!
Bet365 Bonus Bets Offers
While not having quite as big a name with punters generally as some of the other online Australian bookmakers, Bet365 are still home to a number of juicy and enticing bonus bet offer for their existing customers and new players.
Their latest Open Account Offer, which is subject to change at any time, is a 100% matched deposit bonus bet for new players that deposit between $20 and $200. To claim the maximum bonus bet with this promo make sure you deposit the full $200 to enjoy a total of $400 to punt with on your favourite racing and sporting codes.
Bet365 also now offer instant withdrawals with the bet365 Visa Card, although they were late to the market with this product first launched by Ladbrokes who seem to be leading the way when it comes to customer satisfaction, betting products and bonus bet offers.