Online Sports Free Bets
While there are many advantages to online sports betting in NZ, one of the biggest perks is accessing sports free bets. This is not a tradition that was handed down for the land-based sports industry, but rather an incentive that developed from Internet gambling and online casinos.
If you are looking to bet online, signing up with the right bookmaker will lead to higher odds, a greater choice of sports and larger free bets, which all means more money in your pocket at the end of the day.
Why Bookmakers Offer Sports Free Bets
Bookmakers offer online free bets as a way to attract punters to their establishment. and keep them loyal. In New Zealand, there are plenty of bookmakers to choose from, and they are fully aware that you have your pick of the best. In order to attract bettors to their site, they might offer a welcome bonus in exchange for signing up and making a deposit. They also offer weekly and daily promotions with enhanced odds on the biggest games and tournaments.
Popular Online Free Bet Offers
With online or mobile betting, a free bet offer doesn’t necessarily mean you are given one bet for nothing when you sign up. The term actually refers to broad range of welcome offers. These can be broken down into two categories; namely bet promotions and cash match bonuses. Bet bonuses are quite popular and easy to use.
There are two main types of bet bonuses you may encounter when enjoying the sports betting NZ has to offer.
The first is the match. With this reward, the bookmaker will match the value of your first wager. For example, if you place a $10 wager on local Rugby match, the bookmaker will match your bet amount and your total stake will be $20. If you win, you only keep the winnings from the reward amount and not the original stake.
Many sports betting NZ sites also offer a cash limit free bet. When you sign up you are given a certain cash amount such as $20 or $30 to place any bet you want. In this case, you are limited to certain markets and you often have to place a wager at odds of 2.00 or greater to qualify for the bonus.
If a bookmaker is linked to a casino, online Poker or Bingo site, they tend to offer one type of bonus for all their customers. This usually comes in the form of a cash match, the type you would find at an online casino. The most popular is the 100% match linked to your first deposit. As soon as you make your deposit, the bookmaker will double your deposit up to a certain cash limit. The good news is that the sports bonus usually has a much lower rollover restriction.
All sports free bets come with certain restrictions and rollover requirements. Before accepting any bet offer, it is important to read the terms and conditions to find out what is required. With the cash bet offers, there are usually restrictions on the type of markets you can choose and the minimum odds. If you place a wager at lower odds, you forfeit the reward. Also, if your bet wins, you don’t keep the reward stake, only the winnings.
With match bonuses, rollover restrictions apply. This means that you will be required to bet 2x or 3x the total bonus amount in real money wagers before you can cash out any winnings made using these complimentary bets.
When used correctly, sports free bets can add extra value to your punting and increase your winnings, making them well worth your while.