Betting Bonus codes and promotional codes have become quite popular recently to help you, as the punter, get the best deal possible. Instead of you having to search high and low to find all the betting promo codes, we have done the hard work for you and list them all here.
Betting Bonus types
Most online bet sites offer a welcome bonus, otherwise referred to as a first time deposit bonus.
There is always a few sites that buck the trend, on both ends of the scale, and while some do not offer any promotions, others like to increase the amount of the welcome deposit bonus as a means of generating registrations.
Many punters go from site to site trying to maximise earning potential by cashing in all of the bonus offers, and then they will play the amount according to the site’s terms and conditions and may consolidate the entire e-wallet into their favourite two sites.
The art of this strategy on behalf of the site developers is to make their platform the best with regard to continuing promotions such as a ‘refer a friend’ bonus, loyalty bonuses and cash boosts and the offering of free bets among others.
Sites change promotions throughout the year, and some are event specific (Soccer World Cup, FA Cup and more), while others are staple features.
Here are the most popular bonus giveaways taken from a broad range of online sports betting sites (Not taking event-specific promos into account):
Welcome Bonus – The welcome bonus, otherwise referred to as a ‘first time deposit bonus’ is arguably the most popular and widely used promotional bonus as it offers the punter a chance to ostensibly double up on their first offering.
Many of the leading betting sites offer a 100% welcome deposit bonus, which essentially means if you deposit R1000 then they you receive R2000 to play with. There are different rules regarding the amount of times this amount has to be rolled over in order to cash it out, while there are also differences between sites on the amount of odds that are the lowest to claim this bonus.
Many sites offer the deposit bonus on the terms of playing five different wagers, with a minimum odds of 1.5/1 and above. Many punters will steer away from sites without a ‘welcome bonus’ so this is almost industry standard practice across the globe. There are a few regions that do not offer this bonus, but they generally occur in isolation.
The amount of the bonus payment credited to new customer also varies from country to country, but again this is region-specific, meaning in one country example, sites offer more or less 50%.
‘Refer a friend’ Bonus – This form of rewarding loyal clients who refer new customers to the site is universally popular, but not always universally applied. The premise of the promotion is that an existing client will receive a percentage of the new punter’s first time deposit. Many of the leading sites offer between 15 to 100 % of the total first time deposit of the newcomer, up to a respectable maximum limit of course.
The beauty of the ‘referral’ system is that it is unlimited and the more a client drums up support and markets the site, the higher the financial rewards. There are terms and conditions for each site regarding this promo, but it is generally well-received in the bet-community.
Cash Boost – Multiplier, accumulator bonus, with winnings increasing by a percentile increment the more legs/events that are added to the bet slip. Many sites offer the ‘cash boost’ as a means promote multi-leg betting. This form of bets means the odds on winning the wager are extremely low, but the pay-outs are substantial. The additional cash boost will only add to the big win. An example if for a major site to offer an extra 50% boost to the winnings, but that is only applicable for bets of over 25 sporting contests.
Free bets Bonus – This is another popular online sports betting promotion and is used in platforms found across the globe. There are some countries that are fierce advocates of this promo, while other regions do not even bother. The punter can earn free bets according to various terms and conditions of each promotion offering this service. This is low-risk for the service provider but potentially life-changing for the punter. Some sites use free bets as part of their ‘welcome’ bonus while they appear in subtly different forms in many other promotions, such as the cash back. Instead of getting the money back on this promo (when a customer loses a bet and earns a percentage back) the punter will be offered a free bet on their next stake. These free bets are all subject to event-specific terms and conditions and punters are advised to read the small print.
Stake Back – This is a form of promotions that rewards both ‘true fans’ and newcomers alike. Many sites have a ‘True Fan Stake Back’ promotion and the essence of this promo is that a punter will get back a percentage of the original stake if they have bet on a win, and the other opponents win. There is no stake back for a draw. This is just an example, but most stake-backs work in similar vein. The return percentage for this loss wavers between 15 and 35% depending on which platform is being used, and the respective promotional items they are running at any given moment.
Loyalty Bonus – Some of the leading online sports betting sites across the world offer a loyalty bonus for existing customers, who have by way of following all the terms and conditions, qualified to be a winner in an SMS/E-Mail competition for example. To qualify to be a loyalty member, a punter normally has to play very regularly and have an active account that sees plenty of action.
Cash back Bonus – This is very similar to the loyalty bonus and often work hand in glove – with the combined effects culminating in a promotion called the ‘Loyalty Cash Back Bonus’. A cash back promotion example that is currently running on many sites is that if a punter places a bet every day of the week, they will be entitled to earn their lowest stake back, as a form of a reward. There are various terms and conditions that apply here, for example what is minimum amount and max amounts to play, can a punter earn lowest stake back if they won on that bet? These questions are answered by clicking on the respective promotion on each site and reading the T’s and C’s.