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Types of Betting Site Bonus Offers
Even more so than with casinos, there are many types of sports betting site bonus offers. Some are very general, other betting bonuses are a little more specific. Rest assured though, T&Cs apply to your bonus, always!
General Bonuses
The thing that just about any sportsbook will offer you is a welcome bonus. Also known as a sign-up or deposit bonus, the T&Cs of this general bonus usually include you depositing a certain amount with the sportsbook matching it with a bonus.
To qualify, you will need to add money to your account. After payment, you are also likely to have to make a qualifying bet at certain minimum odds before getting any bonus bets or betting offers. A promo code is usually needed and will be listed in the T&Cs.
‘100% deposit match bonus up to $100’ is a typical example of this. If free bets are on offer, T&Cs apply to these such as time limits, bet limits and the aforementioned minimum odds.
Specific Bonuses
Many betting site bonus offers come in the form of more specific betting bonuses. Sports betting is competitive, so even the best sportsbook operators have to keep competitive and you should always remember this.
A good example is the Acca Bonus. Those placing sports betting accumulators at certain odds can grab a bonus. This is either extra payment should you win, or free bets and bonus bets should you lose.
Even better is the bet365 model of offering regular punters in New Zealand simple free bets. Usually sent by email or listed on your bet365 account, random $10 free bets can appear. The only T&Cs apply to the stake, which is not returned if you win. You can use it on any sports betting market to have a bet which is a great offer.
To get sports betting site bonus offers like this, you won’t need a promo code. Free bets are seen more as a loyalty thing and are sent directly to your account.
Free Bets NZ
There are various reasons betting sites may offer free bets. Sometimes it’s to tempt you into a sportsbook account, or if you’re a regular it could simply be to reward you.
Free bets on deposits are common. Rather than just throwing a cash bonus payment at you for joining, the best sports betting sites NZ will usually offer free bets.
Typically, the offer will be something like ‘bet $10, get $40 in free bets’. T&Cs apply as always, but usually, they aren’t heavy. You may simply need to make a qualifying bet at certain odds. No promo code will be needed. The bonus bets usually last for around one week after the first payment and your account is made live.
For larger events, betting site bonus offers can also come in the form of free bets specific to that event. Whenever odds are live on things like the Melbourne Cup, World Cup or Premier League, a bonus bet is often not far away.
As we already mentioned, betting sites may also give you ‘bonus bets’ for losing. For instance, if you bet an accumulator with 5 or more teams in it at certain odds and one lets you down, refunds for the bet are often given as free bets. As part of the T&C on your account, you may have to use up your free bets within a week or so.
When you collect a free bet from your sports betting brand T&Cs always apply. We do recommend you read them. Some have minimum odds attached, while others simply don’t pay you back the stake from the bonus bets if you win, but other than that the full payment for a successful bet is yours.
Deposit Bonus
The best sports betting site bonus offers are often some kind of sign-up, welcome or deposit bonus for new players. A deposit bonus however could also be for existing sportsbook account holders. It can be given just for a new payment to the account. Sometimes a promo code is needed.
Deposit bonuses usually involve cash, but occasionally free spins or free bets too. If you’re betting with a sportsbook, the odds are your deposit betting offers will involve free bets of some kind.
When cash is concerned, bonuses are usually structured as a ‘deposit match’. Usually betting sites offer you a 50% or 100% deposit match for a payment up to a certain amount.
Whenever cash is involved rather than free bets, wagering requirements are always included. T&Cs apply over and above these, but they are crucial in payment and account management. We’ll go into more detail soon.
No Deposit Bonus
The elusive no deposit bonus! When it comes to betting site bonus offers, this type is rare enough in the casino world, let alone the sports betting one.
If you are lucky enough to find a no deposit bonus, then it kind of does what it says on the tin. No payment is needed in order to get these betting offers.
This is very rare, though. The deal usually relies on playing slot games with a promo code, rather than taking odds and making a sportsbook bet.
T&Cs apply and as you can imagine, they are severe. When betting sites are not receiving an initial payment from players, they introduce wild wagering requirements to ensure no bonuses are truly on offer unless you bet hundreds or thousands with them over the course of a week or so.
Very, very rarely, sports betting sites may offer a no deposit bonus. This could come simply in the form of free bets or bonus bets being on offer at very specific minimum odds. No promo code is likely to be needed and this will be hard to find in New Zealand.
Wagering Requirements
Wagering requirements are the biggest bugbear of casino and sports betting customers. You have your promo code, your offer looks good, odds are fair and you are ready to collect your betting bonuses. Then you realise one of the key T&Cs apply and they are the wagering requirements!
Sometimes known as ‘rollover requirements’ or a ‘play-through’, wagering requirements are designed by casinos and sports betting sites to stop players from taking advantage of generous bonuses by cashing out a payment without playing.
That was initially understandable. Now, however, even the best betting sites have exorbitant requirements in place whenever part of betting offers or bonuses is cash rather than free bets.
The Basic Requirements
There will be a number attached to a wagering requirement, such as 35x or 40x for example. This means that you have to bet that much more than the betting offers were worth. So, if you have a bonus of $100 and your wagering requirement is 30x, then you will need to bet a total of $3000 within their given timeframe before you can cash out a payment.
Weightings
Prevalent in casino betting sites but not with the best sports betting sites are weightings. A 30x wagering requirement looks harsh enough, but not every dollar you bet will even count towards it.
Some games are “weighted”. For example, table games may only count 10% towards your requirement. This way, when you bet $150 on such games only $15 will count towards your wagering requirement. The odds are stacked against you, that’s for sure.
Time Limits
Despite the tough nature of wagering requirements on betting sites, time limits apply. You may have to complete the entire wagering requirement within a week before being able to cash out successfully.
A week usually does not offer enough time to do this. You can forfeit your betting offers and bonuses if you miss the time limit.
Betting Site Bonus Offers FAQ
Your key questions about the best betting sites NZ answered.
Many top sportsbooks in New Zealand give a bonus. Ladbrokes, bet365 and Betway are just three examples. You may not always need a promo code, but T&Cs apply on any sports betting bonuses at a sportsbook.
Sports betting bonuses change all the time. For a consistent 100% deposit bonus and free bets, bet365 is just about the best. Always check the promo code and the T&Cs.
With the best betting sites, welcome bonuses are usually worth getting. Some don’t have wagering requirements for free bets, though T&Cs apply. If you don’t have to bet too much to get the sports betting bonus, it is worth it. Look for a good promo code.
You can’t immediately withdraw betting bonuses as cash. You will have to bet first. The best betting sites NZ has will all allow you bonus bets, which you can make money on and then cash out. T&Cs apply.
You do not always need a promo code with sports betting sites to get an offer in New Zealand. A promo code may be needed, if so, make sure you enter it when prompted to avoid forfeiting your sports betting offers.
Some sports betting sites offer free bets and bonus bets. Such an offer may require minimum odds. No promo code is usually needed.
