Understanding Australian Sports Betting Bonuses

July 14, 2015 by Posted in Resources

Sports betting bonuses Australia

Understanding Australian Sports Betting Bonuses

Before selecting an Australian online sports bookmaker it is important to first understand sports betting bonuses and how they work. Bonuses allow Aussie punters to gain an advantage as it provides an opportunity to increase your starting bankroll through a sign-up bonus or some insurance on bets depending on the promotions being offered. In this article we discuss the different bonuses and promotions that bookmakers offer punters.

Sign-up Bonus

The majority of Australian bookmakers offer a sign-up bonus to punters who are joining them for the very first time. The amount and terms varies between bookmakers, but typically it will be a bonus that matches either your first deposit or your first bet amount.

It is important that users carefully read the terms and conditions of the bonus offer to ensure you clearly understand the terms of the promotion before signing up.

Bet King customers will receive an enhanced bonus when signing up with certain bookmakers through our site.

Crownbet is one of the most lucrative sports bookmakers to join because of the enhanced sign-up bonus Bet King customers will receive. Deposit $500 and Crownbet will give you a massive $650 bonus. Therefore, you are starting your bankroll with $1,150 when only depositing $500.

** Click here to sign-up to CrownBet and claim a $650 bonus! **

Sportsbet will provide Bet King customers a free bet up to $501, which is based upon your initial deposit and first bet. This is an enhanced bonus compared to if you went directly to Sportsbet.

** Click here to sign-up to Sportsbet and claim a $501 bonus! **

Palmerbet are offering Bet King customers a great deal with their first deposit bonus. Simply sign up to Palmerbet through Bet King, use the promotional code “MAXCASH” and deposit $500. Palmerbet will then 100% match the $500 as your account will be credited with $1,000 to play with

** Click here to sign-up to Palmerbet and claim a $500 bonus! **

Free Bet Bonus

Sometimes sportsbooks will issue you with a free bet bonus. Sometimes it will be credited as part of a promotion or sometimes sportsbooks will feel generous and give you a free bonus bet to draw you back to their site.

The free bet bonus will be added to your account in a separate section to your money balance. Bonus bets generally have a turnover requirement attached to them that requires you to place a bet at a minimum price or within a certain time period before they expire.

When staking with a bonus bet, it works a little differently than betting with cash. You only get to keep the winnings from the bonus bet. You don’t keep the bonus bet itself. So if you use a bonus bet of $500 and place it on the odds of $1.50 and win, your account will be credited with $250 and your bonus bet of $500 will be removed from your account.

Bonus Bet Refund Offers

Bookmakers will often offer promotions that give bonus bet refunds to punters if a certain outcome occurs. For example, in racing, it is common for bookmakers to offer a bonus bet refund if you place a bet on a horse to win and it finishes in second place. In AFL or NRL a sportsbook may offer a bonus bet refund if your team loses by a certain margin.

In most cases, the refund will match your stake up to a limit of either $50 or $100. The bonus bet is credited to your account and can be used as a regular bonus.

Bonus bets are a great incentive to try a new sportsbook and add some extra value with to your bets. Bonus bets are favourable to punters, especially through any of the sportsbooks recommended on our site, but always read the terms and conditions carefully to ensure you understand the bonus requirements.

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Written by Bet King - Sports Betting Tips

Bet King provides betting previews, promotions and advice on the latest sports events around the globe. We also aim to provide comprehensive reviews of the best betting sites in Australia. Make Bet King your number #1 choice for expert betting tips. Betting Tips

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