When you join an online betting site, you want to look for the promo code or bonus code because it may afford you a deal that gives you the opportunity to enhance your winnings. These codes at least give you the opportunity to try out the platform with little to no risk to your wallet. For instance, you may get cash back if your initial bet loses. Then again, a bookmaker may give you a deposit match that doubles the amount of money in your bankroll so you have more money to bet with. There are many different types of bonus codes that you can take advantage of; it’s a matter of determining what works best for your betting style.
How to Redeem a Bonus Code
There are different ways to redeem bonus codes. It all depends on the bookmaker. A common method used by new customers to redeem a promo code is to enter the code during the account registration or deposit process. There is a promotional code field where the code must be entered. If it isn’t entered, the promotional offer or bonus won’t be applied.
However, some casinos don’t have promo codes and bonus codes. Instead, you either fulfil the conditions required to activate the bonus or you can sign up for the promotion from the bookmaker website’s promotions page. Read the terms and conditions to understand the correct way to redeem the promotion. In other words, you have no choice but to read the small print.
Existing customers may also have bonus codes made available to them. Usually, these codes can be found in the promotions area of the website. You may be able to click a button that allows you to opt-in or you may be required to enter the code in a specific area of your account screen. As always, it’s important to read the terms and conditions of each promotion so you know the code if one is required, how it works, and what you need to do to cash out any winnings. Knowing what to expect is how you’re going to get the most out of the code and see what the bookmaker is really made of.
Sometimes, redeeming a bonus or promo code isn’t as easy as entering a code and getting the bonus instantly applied to your account. There are times you must meet certain redemption terms. For example, you can enter the code during the registration process or after opting in via the promotions page on the website, but you may have to place a minimum bet on a qualifying event to activate the bonus. F
An example of when a minimum bet is required before a bonus is activated is this: you might need to place a bet of 10 GBP after inputting the promo code. Once the bet settles, the bonus is applied.
Some bookmakers have promos that only give you a bonus if you lose your initial bet. You may be required to enter a code during the registration or deposit process so that the cash back is applied if the first bet loses. If the first bet doesn’t lose, then no cash back is applied. These types of promotions are kind of like “insurance” so you can get your feel for the platform without losing a significant amount of money.
Another bonus redemption method is to bet through or roll over your deposit a specific number of times before the bonus is made available in your account. Bookmakers usually require the deposit to be rolled over just once before the bonus cash is applied.
Qualifying Deposit Methods
Sometimes, you don’t qualify for a promotion based on the deposit method you used when you made your first deposit. It’s important to read the promotion’s terms and conditions so you know what deposit methods don’t qualify. Common non-qualifying methods include Skrill (Moneybookers), Neteller, and Skrill 1-Tap. The reason is that there are fees that are assessed on the bookmaker’s end when they receive money from one of these methods. In lieu of these fees, no bonus is awarded to the customers using these methods. However, some bookmakers will charge a fee to the customer when these methods are used, thus the bonus may still be available.
Even if you enter the bonus or promo code during the registration process, using a restricted deposit method can prevent the bonus from being applied to your account.
Location is also a factor. For example, many bookmakers only open their promotions to residents of the UK and Ireland. Sometimes, only residents of the UK qualify. Then again, there are promotions that all players can take advantage of as long as they live in a country that has legal access to the website. It’s listed in the terms and conditions of the bonus which countries qualify and this can vary from promotion-to-promotion. You may see multiple promotions for existing members on the promotions page of the website but find that the country restrictions aren’t exactly the same.
You may encounter a bookmaker that will offer mobile-only bonuses. This means that you can claim a promo code or bonus code for the mobile app only. Because bookmaker mobile apps are primarily available for the Android and iOS operating systems, mobile users that must use the bookmaker’s mobile website may not qualify for mobile-only bonuses unless otherwise stated. These promotions also have their own terms and conditions that must be followed. This includes wagering requirements, location restrictions, minimum bids, etc.
Withdrawing bonus winnings comes with terms. You can’t receive a bonus and then immediately cash it out. That would be giving you free money without the casino gaining anything. You must meet a set of withdrawal requirements before you can gain anything financially. For example, some bonuses require you to roll over all or a portion of your bankroll a specific number of times and on events with odds that lie within a specific range.
Let’s say you have made a 100 GBP deposit and received a 100% match of 100 GBP. This gives you 200 GBP to bet with. There are three possibilities here: you may be required to bet through the deposit amount a certain number of times (between 4 and 8 times is common) on events with odds of 1.5 or greater (the odds can vary between bookmakers), you may be required to bet through the bonus amount a certain number of times at odds of 1.5 or greater, or you may be required to bet through the sum of the deposit and bonus a certain number of times on events with a specific odds requirement. Typically, having to bet through the sum requires fewer rollovers than if you must bet through just the deposit or just the bonus.
An example of how this works: you deposit 100 GBP, receive 100 GBP, and have 200 GBP. If you must bet through just the deposit or just the bonus four times, you must bet a total of 400 GBP on events that meet the odds requirements. If you must bet through the sum of the deposit and bonus, you must wager a total of 800 GBP on events that meet the odds requirement before you’re eligible for withdrawal.
Wagering requirements also come with time limits. You may be given anywhere from 7 days to 90 days, depending on the bookmaker. This is where you may want to consider the amount of your deposit since a higher deposit can increase the amount of money you must wager to reach payout eligibility. Make sure you study the wagering requirements and the deadline when determining your deposit amount. If the deadline is too short for you to wager something like 800 GBP, then you may want to deposit less so the total amount that needs to be wagered is more comfortable for your wallet.
Withdrawable Stakes vs. Non-Withdrawable Stakes
When it’s time to withdraw, there are cases where the stake isn’t withdrawable. However, the winnings can be withdrawn. Other times, the stake can be withdrawn. This is another case where it depends on the bookmaker or casino.
Withdrawing Your Money
First, consider that there aren’t always withdrawable winnings. Bonuses are a lot of fun and, once in a while, you may come out ahead in the end. The second thing to consider is how you make your initial deposit since many sites require you to make your withdrawal to the same method you used to make the deposit.
In some cases, you may not be able to withdraw your money to a MasterCard due to restrictions on gambling winnings. Keep this in mind when making a deposit because choosing a withdrawal method different from your deposit method can cause the withdrawal process to take longer than it would otherwise due to the additional steps required to change the withdrawal method.
Common methods of deposit and withdrawal, aside from MasterCard, are Visa, Visa Electron, Diner’s Club, PayPal, Paysafe, Entropay, and other credit cards, debit cards, and eWallets.
3 Best Promo Code Offers
There are great promo code offers for new customers out there. Sometimes, it’s not about the amount of the bonus that is received, but how much is received versus your deposit and how easily the bonus can be used.
Bet365 gives customers a 100% match up to 100 GBP. This is one of the more generous offers, as it gives the customer double their money. However, this is one of the cases where you must place qualifying bets to release the bet credits. The qualifying bets must equal the sum of your deposit. This is also one of those cases where deposits made using Neteller, Skrill, or Skrill 1-Tap disqualifies you from the bonus. To cash out this bonus, you must make at least one bet on an event with odds of 1.20 or greater in a market fixture combination that has two or three potential outcomes. The 100 GBP stake isn’t withdrawable, so you can only cash out your winnings. Bet365 doesn’t state a time limit for meeting the wagering requirements. However, you have 30 days to claim the offer after account registration and then 30 days to release the credits after making the qualifying deposit.
This isn’t a bookmaker that has one of the most generous promo codes out there, but its offer is one of the simpler offers. However, it does gives you a bonus that is larger than your initial deposit if you choose to deposit the 5 GBP minimum. All you do is register for an account, deposit at least 5 GBP, bet at least 5 GBP on an event with odds of 1.5 or greater, and then a free bet of 10 GBP is applied to your account within 48 hours.
Something that is unique about this offer is that it can be used in conjunction with subsequent offers. Usually, new customer promos can’t be used with any other offers, but Sun Bets has decided to bend the rules a little.
Of course, the standard rule of the bonus bet being a non-withdrawable stake stands. You can only withdraw winnings resulting from the stake and not the bonus cash itself. You have 30 days to use your free bet. To make sure the promo code activates after you place the initial bet, make sure you enter G10 in the promo code field during account registration.
Sky Bet is another bookmaker with a promotion that gives the customer a free bet that is worth more than the initial bet required to activate the free bet. In this case, you get a 20 GBP bet token for making a minimum bet of 5 GBP on an event at odds of evens or greater. The free bet is actually split up into two 10 GBP tokens.
This bookmaker is also a good example of one that doesn’t give the promotion to new members that make their deposit using Moneybookers (Skrill) or Neteller. You have 30 days to use the free bet tokens or they will expire.
Once the free bets tokens are used, you can cash out any winnings, but you can’t withdraw the two 10 GBP stakes. This is typical of bookmakers. The bet tokens give you a good opportunity to familiarize yourself with the bookmaker and even win a little extra cash in the meantime.
- Do bookmakers always have promo codes for their promotions?No. Some bookmakers require you to either enter a promo code or choose your promotion from a drop-down menu of promotions during the registration process. However, others automatically activate when you fulfil the requirements, such as an initial deposit or first bid. If a promo code is required, it’s important to enter it when required or the promotion won’t activate. You also need to make sure that your chosen bookmaker doesn’t require you to join a promotion from the promotions page. Sometimes, clicking the link to the promotion is the way in which you ensure it’s received. All the information is always in the terms and conditions.
- What are the methods used to redeem promo codes and bonus codes?There are four methods commonly used by bookmakers. The first two happen during the registration process. You will either be prompted to enter a promo code or choose one from a drop-down menu. The third method is an automatically activated bonus after fulfilling a specific set of requirements, such as making an initial bet on events with specific odds. The fourth is to click the button for the offer on the bookmaker website’s promotions page.
- How do I redeem mobile-only promotional codes?When you download the app, you might be automatically given the promotion. Then again, you might have to opt into the promotion from the promotions section of the app. Other times, you simply have to fulfil certain betting conditions using your mobile device.
- How do I know a promotional offer is a good one?Simply read the terms and conditions to see if the terms are doable for you. Look at the bonus you get and what you need to do to get it. You also need to look at how long you have to activate the bonus, how much time you have to use it, the wagering requirements that must be met within the time you have to use it, if the stakes are withdrawable with the winnings, and if your preferred deposit methods make you ineligible for the bonus. Also, look at eligible locations to make sure where you live doesn’t render you ineligible for the promotion.
- Is it possible to win with a bonus code?It is. Bonuses help you get acquainted with the bookmaker whether you win or not. It’s a risk-free way to learn about how the site works. If you win, it’s a nice little perk because you can cash out those winnings.