First Deposit Bonus Alternatives
First deposit promos come in all shapes and sizes. They can be matched with deposit bonus offers and include free bets, enhanced odds, risk-free wagers, etc. Let’s look at all the first deposit bonus alternatives that you can find out there.
One of the most common first deposit alternatives that sports betting providers have is the free bet promo. When you trigger a free wager bonus, the bookmaker credits a free bet to your betting account instead of matching your deposit. Let’s look at two free wager bonuses we found online to explain how they work.
- Free Bet Sign-Up Offer: Bet £10 Get £20 in Free Bets (New customers only, Min deposit £10, Min odds 1.5, Free bets valid for 7 days, Payment method exclusions apply, Returns exclude Bet Credits stake, Free bets credited within 48 hours of bet settlement, No wagering, Full T&Cs apply);
- Free Bet Sportsbook Bonus: Bet £10 Get £30 in Free Bets (£10 Min deposit, Minimum odds 1.5, Stake not returned, Free bets credited after settlement of first qualifying bet, Free bets expire in 7 days, 10x wagering the winnings from the free bet, Free bet max winnings – 30x free bet stake, Full T&Cs apply).
As you can see, free bet offers come with a lot of bonus conditions. That means you have to read their terms and conditions carefully before you trigger them.
For instance, free bet winnings are sometimes paid out in full, while other times, you get your winnings minus the free bet stake. Similarly, sometimes you earn free bets before you place a qualifying bet. Other times, though, you will get your free wagers only after the qualifying bet settlement. Lastly, some online betting sites put wagering requirements in their free bets, while others don’t. If you want to get the best free bets, make sure you always read their terms and conditions.
Risk-free bets are similar to first deposit-free wager promos. As with free wager bonuses, sports betting providers give risk-free wagers to punters who sign up with them and make a qualifying deposit. However, unlike regular free bets, bettors only get risk-free wager credits when their first qualifying bets lose. Let’s look at an example we found online to show you how risk-free wagers work.
- Deposit and Bet £10 and Get up to £100 in Bet Credits if Your First Bet Loses (Min deposit £10, 1.5 min odds, Risk-free bet credited when the qualifying bet is settled, Risk-free bet valid for 7 days, Max free bet £100, Free bet stakes not included in returns, Exchange bets excluded, System bets excluded, Full T&Cs apply).
As you can see, if you opt-in for the offer above, you can get your stake back if your first wager is a losing one. For instance, if you place a £10 wager and loses, the sports betting site will give you a £10 free bet to try your luck again. If you place a £50 wager and it isn’t successful, the bookmaker will provide you with £50 in free bets. Pretty neat, right?
Conclusion
If you are an enthusiastic punter who likes to get more for his money, you will love first deposit bonuses. With an enticing welcome offer, you can double the money you play with and win twice as much or more as a result.
And it doesn’t matter whether you are into football, basketball, or horse racing betting. You can use the bonus money bookmakers give you on any sport you fancy and make following your favourite competitions and teams much more exciting.
Choose from some of the best first deposit betting sites and get your hands on some of the most enticing bonuses in the industry. Let’s start!
