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One interesting aspect of signing up with a legal betting site is the range of promotions and rebates offered to enhance the betting experience.
This guide looks at a variety of ways in which you can claim rebates and other forms of extra funds. We will discuss some of the most popular bonus types, in detail, with examples from some of the leading racebooks. The guide ends with advice about how any bonus works.
- Horse racing rebates: How the online horse racing betting sites replaced flat-rate rebate deals.
- Welcome offers: Bonuses when you sign up at a new site.
- Cashback and bet insurance: Lose your bet but meet the conditions and get your money back.
- Best odds guaranteed: Best of available odds, whether taken early or at the start.
- Understanding rollovers: How do rollovers work and what to look for to maximize value.
- Free past performances: Studying the form without payment.
Top Horse Racing Bonus
Horse racing rebates: Offline and online
Offering bettors flat rate rebates on bets — win or lose — has been a popular way to offer loyalty rewards for many years. This (live) betting offers return between 3% and 10%, depending on the type of bet (singles, multiples, trifectas and so on) and the amount you bet.
While many gray-market bookmakers offer flat rate rebates, the risks associated with betting at these books make them dangerous for informed bettors.
What you will find from legal horse betting sites is a mix of welcome offers and ongoing loyalty rewards that take the place of rebates. These promotions cover regular and occasional bets. You might also find special loyalty programs aimed at high rollers.
Examples of rebates and promos available at the three biggest legal online horse racing sites
#1TVG: Use promo code LSRTVG to claim a risk-free bet of up to $200 on your first single wager. Earn credits for every bet, which can then can become wager rewards. TVG promos include sweepstakes, free past performance reports, and cashback for three out of four picks.
#2 BetAmerica: You can get a 100% matched welcome bonus, up to $100. Customers earn points for each bet they make. Promos include VIP Daymaker, where losing bettors can get their stake back on their star selection, plus specials for the big races.
#3 TwinSpires: Get $20 in bonus bets for every $100 in bets (up to $100 max). Loyalty points scheme gives regular bettors additional free bets, separate VIP scheme for high rollers. It offers a long list of promos including “Winsurance,” “Bet Back” and added prize money offers.
Welcome offers at online racebooks
Online racebooks compete for business by offering a welcome deal for new customers. These take the form of matched welcome bonuses or occasionally a free bets bonus.
An excellent example of a welcome bonus is at TwinSpires, which offers a $100 bonus to all customers. This is a straightforward bonus that awards the customer in increments of $20 every time he or she bets $100 at the site.
There is no expiration on this bonus. You must make an initial deposit, keep betting, and the full $100 bonus will be yours. High rollers might want to place a $500 bet immediately and claim the $100 right away, while others might want to place 50 bets of $10 over a few weeks.
While this looks like a 20% rebate, you need to account for the need to bet the bonus money before you can withdraw it.
100% matched bonus
One of the attractive welcome bonus offers featured by racebooks is a 100% match on your first deposit.
For example, when opening a new account at TVG, customers will receive a 100% match bonus up to $200.
The TVG matched bonus has no strict conditions attached to the bonus money – just as long as you use it for a bet. This makes it the equivalent of an instant rebate, win or lose.
Loyalty rewards
As well as creating offers to entice new customers, racebooks also offer a series of incentives to keep existing customers happy.
Most sites offer a loyalty scheme, where customers will earn points every time they bet. Once earning a certain amount of points, customers can convert them into cash and add it to their account.
A good example of a loyalty scheme is Wager Rewards at BetAmerica. By earning 1 point for every dollar wagered, and additional bonus points if placing exotic bets such as exactas and Pick 6 bets. Customers can convert these points into cash at any time.
The rebate potential for these loyalty schemes depends on the mix of bets made. While small in percentage terms, this money will add up over time, providing a bankroll boost.
High rollers can sometimes qualify for VIP schemes. By betting a certain amount, bettors can enjoy additional benefits such as special promotions and extra deposit bonuses. The biggest bettors can expect custom offers and even a dedicated host.
Horse racing rebates via cashback or bet insurance
Another way of rewarding customers is via cashback offers. This is much like insurance on bets involving multiple selections.
As an example of a cashback offer, a horse racing betting site will offer you a rebate on your stake should your selection finish second in a selected race. This kind of offer is usually only available for the bigger races, such as the Kentucky Derby, or the more significant lead-up races to the main events. Occasionally these offers extend to third place, too, with your stake returned to your account.
Insurance bets are slightly different, as they offer rebates when one leg of a combination bet doesn’t win. For example, if you enter a Pick 4 contest and only pick three of the winners, a promotion such as this will see you win your initial stake back as a rebate.
Best odds guaranteed
These are promotions mostly available at European sites that offer their own odds, as opposed to betting in a pari mutuel pool. You’ll usually have a choice of either taking the current odds offered by the site or taking the odds at the starting of the race (the starting price.)
With a “Best Odds Guaranteed” offer, you get the best of the two. If you opt for an early price and the odds do become longer, you’ll get those longer odds. If you took a price early and there is a lot of money for the horse, you’ll keep those longer odds.
Understanding bonus rollovers
At some sites, you’ll receive a bonus with rollover requirements. A rollover requirement is the number of times you’ll need to play through your account cash and the bonus funds before your bonus cash clears.
For example, you might sign up to a new site with a 100% deposit bonus with a 5x rollover requirement. If you then deposit $100, you’ll receive $100 in bonus cash. This means you’ll have to bet the total $200 five times to make the bonus cash yours. And, in this case, it’s $1,000 worth of betting.
Make sure you compare rollover requirements when deciding between bonuses. These affect the rebate potential for each of the offers.
Free past performances
Past performances are a key aspect of reading the form. You would usually pay for the opportunity of reading them. However, some online horse racing sites will offer past performances as an additional perk.
For example, at TVG, you can purchase a series of past performances. However, if you place a bet of at least $10 on the meeting in question, you’ll be reimbursed for the cost of this information.
Some sites will also offer free past performances to all members on selected races, especially at the largest race meetings.
Live streaming
In this day and age when there seems to be a cost attached to any streaming channel, racing fans can enjoy free streaming widely.
All of the three legal horse racing sites offer standard live streaming. You can watch any race you have placed a bet on, and many significant events you can watch in real-time.
Read the terms and conditions
Whenever you sign up at a new site or take part in any bonus or promotion, check the terms and conditions (T&Cs) of both the site and the bonus in question. Yes, the T&Cs can seem a little long-winded at times, but you will find out valuable information.
For example, in the terms and conditions, you’ll find the expiration date for the bonus. You’ll also find out if there are any state restrictions when using a particular site.
Generally, you’ll find all of the terms and conditions above board. However, they can be useful in finding out if a bonus offer is not such a good one.
For example, if you read in the T&Cs that a bonus has a 50x rollover requirement, it’s pretty clear immediately that this offer probably is not as worthwhile.
Best Welcome Bonus Betting Sites Free
Looking for Betting Sites with Welcome Bonus? So you came to the right place, see the list of 7 bookmakers with big bonuses. When you create a new account on a gambling site, you can usually enjoy a deposit bonus for signing up.
Naturally, online sportsbooks are always interested in attracting new customers by offering the best bonuses, and virtually every beginning bettor loves a welcome bonus.
By virtue of that there are many bookmakers offering first deposit bonuses and doing various special promotions in each competition, and even giving free prizes to new players.
Betting sites with welcome bonus
But it is good to be careful, because the bonus in some cases instead of generating profit can even harm you. Therefore, always exercise caution, as each betting site will specify a Rollover amount in the bonus terms and conditions.
That is, this means that you will have to wager the full value of the deposit and the bonus a certain number of times before the value of the bonus is truly yours.
To help you choose your welcome bonus, the main betting sites are listed so you can easily compare the different bonuses:
100% bonus up to $100
Dafabet is one of the most popular bookmakers in Asia. They were founded in 2004 and went online the same year. The group ...
100% bonus up to $100
22Bet is an online sportsbook that has gained a lot of recognition in recent years for its sports odds ...
100% bonus up to $60
Bodog's gambling site has been around since 1994, which means it is one of the oldest houses on the internet, making it on...
100% bonus up to €500
Best Sports Betting Bonus
With over 10 years in the online gambling market, Betway has grown from a shaky start to an industry leading powerhouse. A...
100% bonus up to $115
This Russian sportsbook is booming in the online sports betting market. They started operating in 2011, and have since qui...
What is the welcome bonus?
For example, a bookmaker offers a 100% deposit bonus up to $ 100. This means that you will receive a bonus of $ 50 if you deposit $ 50 and a maximum bonus of $ 100 if you deposit $ 100.
After you have received the bonus, you need to bet a minimum number of times before you can make a serve. If the wagering requirement is 7X the value of the bonus, you need to bet $ 350 if your deposit bonus was $ 50.
Main types of bonuses offered by bookmakers:
And it is worth remembering that if you already have an account at the bookmaker, you are not eligible for the deposit bonus, since the deposit bonus is only for new clients. And a customer can only have one account on each site. If you want to receive a deposit bonus, we recommend that you create an account in a bookie where you are not yet a customer.
– Bono de Bienvenida
This is a bonus offered when you create an account at a gambling site and deposit money. The value of the bond is normally a percentage of your initial deposit, generally ranging from 15% to 50%. Although the bonus is credited to your account, the money is still not yours, you have to win by betting.
Each bookmaker will specify a rollover amount in the bonus terms and conditions. This means that you will have to bet the full value of the deposit and the bonus a certain number of times before the value of the bonus is truly yours.
As an example, if you deposit $ 100 at a site that has a 50% deposit bonus and a 5x rollover requirement, you would have to wager $ 750 before the premium can be released for service.
– Recharge Bonus
Most bookmakers do not offer this bonus by default, but some offer it on rare occasions (usually before a major sporting event). The value of a reload bonus will be much less than a deposit bonus, generally 25% is the maximum offered. This bonus will also be subject to a rollover requirement.
The reload bonus can be defined with a promotional money offer provided by an online casino or poker room for existing players to build customer loyalty and motivate players to make additional deposits.
– Free Betting Bonus
Some sites offer a bonus for when you place your first bet, worth it. For example, if you deposit $ 20 and place a $ 20 bet, you will also receive a $ 20 free bet.
– No deposit bonus
This is a bonus where the site customer does not need to deposit anything before betting for real money. This is a very rare occurrence, but it happens. The bonus will however be subject to a very high rollover requirement. These types of bonuses are more common with online casinos, rather than sports betting sites.
Good luck!
This was our post with the best sports betting sites that give money for you to register. They are all recognized worldwide and offer good platforms for the game, as well as inviting bonuses that give great peace of mind to start betting without great risks.
Now that you know all the basics on how to evaluate the quality of an online casino, it is time to give good luck and you can get the desired benefit. Or at least have a lot of fun, but always responsibly.
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