Competition Provides More Choices and Offers Online
In the customer-centric online world of social media, mobile shopping and sports betting, attracting and delighting customers is essential. In the case of sports betting, and in Australia, the sports books court punters with special offers, often in the form of free bets, which are given to existing clientele. While most free bet offers are available on sign up, many are also given to regular users in the form of reload bonuses, loyalty programs, and special offers when the site is promoting specific sporting events.
Standard business supply and demand economies apply even to sports betting sites. The existence of free bets, offers and incentives are all designed to attract and retain customers. By doing some research and comparing the various sites, punters will find significant amounts of bonuses and offers; the free bets that make wagering or joining a new site so much fun. It is, in fact, the act of actually hunting for these online betting offers that is the real relish on the sport betting hamburger. There is a constant supply of offers becoming available, but in principle the online betting offers are mostly variants of the standard free bets offer, the basics of which will be clarified here.
Types of Online Betting Offers Explained
Effectively, free bets are given as an incentive to join the site. The top betting sites online will match your initial bet with an equivalent amount to bet on anything you wish. Free bets are generally broken down into 2 categories; the stake returned free bets, or SR free bets, and stake not returned free bets, or SNR free bets.
Opting for the stake returned free bets is the same as you would play online roulette game with your own money. If you win the bet, you get the winnings payout, as well as a return of the value of the bet. So, for example if you make a bet of 10 AUD at odds of 4 : 1 and win, you get a return of 10 x 4, being 40 AUD, thus including the return of your stake.
Stake not returned free bets, is an occasion where you do not get a return on the bet value. The free bet value remains as it is, imaginary. For example if you place a bet of 10 AUD at 4 : 1 odds and win, you get a return of 10 x 4 – 10 for the bet value, which would be 30 AUD. Still quite a payout seeing as there was no real money being risked.
There are the minimum odds that must be wagered in order to qualify for the free bets bonuses. These are site, sport and bonus specific. For example, a site may list that in order to obtain the free bet bonus, you need to wager on odds of 2 : 1 or more. These requirements will be stipulated in the sites’ terms and conditions.
Additional requirements and restrictions may include limitations on the number of accounts available to each member and household. This means that some sports book sites are fixed, and assign each household a single account, assuming one punter only. Some sites allow multiple accounts to be made from one house hold, each with their own chances to obtain the free bet bonuses. Others are locked to only allow one account per house hold. This information can also be found within the terms and conditions.