Sanity check. Let’s go over all the betting offers that are offered by the British bookmakers and see what they’re really worth, one by one. After reading this article you’ll have a good understanding of all the different types of betting offers and will know which ones are good, which ones are not, and what you should actually be looking for.
The classic. It’s perhaps a little known fact that free bets are uniquely British and aren’t offered by foreign bookmakers and aren’t desired by foreign punters. It’s just us Brits that enjoy these. Free bets usually have a value of only £25 and are most often not cashable, which means you only get to keep the winnings. Free bets will either come in the form of a free bet chip after you place your first bet of the same value, or, in the worse case scenario, you only get the free bet chip if your first bet is a losing one. Do pay attention – free bets that are issued regardless of the outcome of your first bet are far more valuable than “risk-free bets”.
You should normally use your free bet token to place a high risk bet. If you play it safe you won’t even be able to buy a hamburger, and if you go with something like 5/1 (6.00) you’d win £150. That’s the way to go. Place a bet you normally wouldn’t.
Deposit bonuses are an excellent way to boost your game and win more on betting. There are rollover conditions that must be met, but any decent punter should be able to fulfill these within a month or so. These bonuses are far more valuable than the free bets. You need to invest more money but will also get more money in return.
The most useless type of bonus there is. It’s a marketing trick, a bookmaker will offer increased odds on e.g. Arsenal beating a relegation candidate, people won’t be able to believe their eyes and will flock to place a bet. But the maximum bet is limited to ridiculous amounts, such as £5, so you’ll only profit 20-30 quid and probably not in real money, there will be conditions you need to meet. If Arsenal win at all.
Now this is by far the best type of bonus out there, as it can be claimed all the time. If you’re the type of punter who puts more bets on a single betting ticket – as you should be doing – then the acca bonuses will boost your winnings each and every single time. Most punters use this for their weekend ticket where they cover all matches they’re interested in with a £5 or £10 bet, and then the acca bonus boosts their potential winnings to £200, £300 or more. This is a good betting strategy, and if you’re betting £10 to win £300 every weekend, you basically only need to win once per season to break even. And with the help of an acca bonus, you’ll only need 7 or 8 matches on your ticket to get that kind of return, and will already start getting the bonus for a 3-leg acca.
Acca insurance & Cash out
We’ll put these in the same group, as in both cases you’re taking a reduction in odds. Acca insurance (e.g. Betfair) will give you your stake back if one leg of your acca lets you down, but in return you take a significant reduction in odds. Cash out is similar, it’s an evil thing designed to have you take away your own winnings. Don’t use it. There are only a few scenarios in which cash out is good, and one of them is when you’re winning and the bookmaker’s cash out offer is almost similar to the maximum win, but one little thing (a goal, a touchdown, a break…) can turn the tide and have you sweating again. The other is when you see with your own eyes that the match is going in a totally different direction but the score is still favorable. In any case, be careful with any win reductions and don’t use them. When you win, you want the win to be maximal.