Having said this, some sites have actually started paying you out in cash for a losing bet rather than a free bet. Whilst it sounds like a great invention, if the money back is given as a free bet this actually works out to be the worst of the three types of offer as you only get it if your qualifying bet loses, meaning you don’t really get anything if it wins.

Consolation Bonus – where you get a free bet or bonus if your first bet loses.

Some times you will need to bet through the value of your deposit once before the bonus is release, but after that the funds are yours to bet with. Again this could be a pound-for-pound match, so deposit £200 get £200 free, or something else – such as deposit £100 for £50 free.

Deposit Bonus – With a bonus your first deposit triggers promo cash to be added to your account.

Some offers these days throw in additional perks such as free spins or extra pool bets. This could be a straight match such as £25 free when you bet £25, or it could be more generous, offering £20 free when you bet £5.

Free Bet – Here your first bet earns you a free bet token.

Normally at most sites the bonus will be one of a few different types: See More Welcome Offers Sign Up Bonuses: Free Bets v Enhanced Oddsįree bets have been the staple of the betting world for many years, and (almost) every bookmaker on the web will offer you some kind of new customer promotion when you sign up with them.

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