Free bets or bonus bets from betting agencies and online bookies are a great way to give a boost to your online betting accounts. Pressure from anti-gambling groups have seen the traditional free bet offer change. Historically a free bet was a no deposit free bonus offer that let punters get started betting without deposit. These types of bonuses and”promos offers were made unavailable in Australia a long time ago. The traditional free bet or bet bonus became a matched deposit sign up bonus offer for new customers.
In 2018, the NSW Government outlawed sign up bonus or freebet offer incentives that might encourage people to open new accounts at online bookmakers. In 2019 the National Gambling Framework extended this ban to include all Australian states and territories.
As of May 26th 2019 no Australian licensed bookmaker is legally allowed to offer any sign up offer, bonus, promo deposit bet bonuses or free bet to Australians. The changes have become known amongst punters as the Bonus Bet Ban.
Bonus bet ban at Australian bookmakers
In November 2018, the Australian federal government launched a national framework that will prevent online bookmakers from offering any kind of incentive or inducement to create an account. The #BonusBetBan will full implemented by May 2020, but the Bonus Bet Ban came in to effect in May 2019.
As of May 26th 2019 no Australian licensed bookmaker is legally allowed to offer any sign up offer, bonus, promo deposit bet bonuses or free bet to Australians.
The Bonus Bet Ban has started and came in to effect on 26th May 2019. No Australian punter can get any free bet, sign up bonus offer or bet bonus at any Aussie licensed online bookie.
The use of Free Bets has been outlawed. Bookmakers are allowed to provide bonuses to punters in the form of cash that have no turnover requirements, are not an inducement to open a new account, and that can be immediately withdrawn.
No Australian bookie is yet to offer real cash bonuses in place of the outlawed free bets.
Best Online Bookmakers
Below is a list of the top online bookies and betting sites for new and existing customers.
If you are visiting AustralianRacingGreyhound.com from Australia, the table below contains the best online bookmakers in Australia but none will offer any sign up bonus or promo deposit bonus from 26th May 2019.
Each is licensed in Australia and permitted to offer betting services to Australian residents aged 18 years and older. All bookies are regulated by the appropriate gambling governing body, such as the South Australian Gambling Codes of Practice and the Northern Territory Government of Australia.
Visitors from other countries will be able to see online bookmakers that still offer bonuses, free bets and sign up offers that are available to residents from their countries, but Australian bookmakers are not offering any bonuses to any customer regardless of residency.
Free Bet Bonus Offers
Outside Australia, almost all online bookmakers will offer some kind of signup or bonus offer, free bet or bonus bet when opening a new betting account. These sign up offers can be matched bonus, no deposit bonuses, or bonus bets. While often referred to as Free Bets, most free bet offers require a deposit although the bonus offer that deposit triggers could be considered free money as it adds extra or free bonus bets or cash to your sports betting account balance, over and above your deposit amount.
- Matched Bonuses:
Matched bonuses will offer you a multiple of your initial deposit as a bonus. The bonuses are often capped to an upper limit such as 100% of your first deposit up to $500 for example. The amount of the multiple can vary from as little as 50% all the way up to 500% of your deposit, and are frequently paid as bonus bets, although some sportsbooks may payout the bonus as real cash in your account. It is common for there to be some kind of turnover requirement before you can withdraw when the bonus is paid as cash.
- No Deposit Bonuses:
No deposit bonuses we very common a decade ago, but are less prevalent with modern bookmaking now the majority of online gambling and wagering companies are owned by larger companies, and with more regulatory restrictions over what bonus promotions bookies can and can’t offer. A No Deposit Bonus is exactly what it suggests. You get free money as cash or bonus bets without having to make an initial deposit. There is almost always a requirement to make a deposit before any account balance can be withdrawn, and turnover requirements will apply.
- Bonus Bets:
Bonus Bets are bookmakers and sportsbooks most used promo tools to offer punters and bettors. They can be acquired by making deposits to your account, or by betting in races or sports events where promotional feature specials are offered. Frequently online bookies will offer a bonus bet if your account balance has been depleted, and bookmakers might offer a reload bonus if you make a deposit and refill the account.
Free bet offers are now mostly all match bet bonuses or sign up deposit bonuses. Meaning you must deposit to claim the free bet offer. Most will match your deposit up to the free bet offer advertised. For example deposit $250, get a free bet bonus to the same value. Almost all come with some kind of terms and conditions (T’s & C’s attached to them.
Depositing money at online bookmakers is easy with all having multiple platforms for the consumer, including an impressive array of mobile apps for both iOS and Android. Some of these bookmakers even have bonuses simply for downloading their mobile app. We’re sick of seeing punters miss out on good value. So hopefully this article will give you enough ammunition to attack the punting scene with a bit more authority and get some value for your betting dollar.
What is the catch with freebets?
There is no catch as such with freebets, unless you think having to gamble the money is a catch. Generally when a punter deposits money for the first time at a bookmaker, or is redeeming a freebet offer they have received via email or other means, they will have to bet with the bonus bet or cash bonus before the money before they can withdraw it. Any turnover requirements or restrictions around the free bet bonus will be spelled out in the T’s & C’s attached tot he bonus offer. Most bookmakers only make a punter bet the bonus one time (turn it over once), but make sure you read the fine print if you are betting at a bookmaker solely for the freebets or bonus offer they have promoted.
We have heard plenty of good stories with people claiming wins from freebets and the bookmakers we have partnered with are some of the most respected in Australia. In fact, we firmly believe that if you are serious about betting on the greyhounds it would be crazy not to at least take the bonus offers and incentives that are being offered into consideration.
What can I bet on with Freebets?
Freebets or a bonus amount operate like a real cash balance. For instance you might bet on a greyhound race or a football game. Placing our $20 bonus amount on a race, if you win, it will go some way to clearing the wagering requirements. Once you have cleared these (it might be as simple as wagering the bonus once) the bonus balance will be transferred to your cash balance.
At most bookmakers you will choose to bet with your bonus amount at the bet slip, whether you can choose the amount, or it has come in set denominations from the bookie. For instance you might deposit $100 and receive two $25 and one $50 freebet. Or you may be able to choose how much you wager of your bonus amount.
While greyhound racing often plays second fiddle to the gallops and other sports betting with bookies, it does not stop us from taking advantage of the freebet offers. Generally there is no restriction at all on what you can place freebets on, although some bonus offer are only on selected sports or racing events so make sure you read the bet bonus T’s & C’s.
Popular events to bet on for Australians include:
- Greyhound racing
- Horse racing
- Harness racing
- Basketball (NBA, NBL)
- Soccer (A-League, EPL, La Liga, Serie A & more)
- Motor sports