New Customer Betting Offers are very common today. However, a lot of people don’t understand them, and in some cases, they simply don’t know what to do with them.
At their core, new customer betting offers are exactly what they sound like. They are special promotions that betting sites provide to first-time visitors in order to entice them.
The goal is to give them a taste of what the betting site has to offer. And hopefully, once they use that first offer to make some real money, they will decide to stick around.
How Do Betting Offers for New Customers Work?
When you visit a betting site for the first time, you will either encounter a free bet offer or a signup bonus. You might also find both. But the two are not the same, even though some people have a tendency to confuse them.
A free bet is exactly what it sounds like. A betting platform will offer you a bet free of charge. And if you use that bet appropriately, you could win actual money.
It is worth mentioning that despite what the name suggests, free bets are not free, not in the strictest sense. Rather, they are governed by a litany of terms and conditions. For instance, in many cases, to receive a free bet offer, you need to deposit a specific amount of money and then place a particular bet.
The type of free bet you get will depend on your initial deposit and wager. In other words, the free bet is a response to your decision to spend your own money on a betting platform.
Some websites offer free bets on all sports activities. Others restrict them to specific areas like football.
Sign up bonuses are just as complicated as free bets. They refer to the offer a betting site makes to a new customer to match their deposit with a specific amount of money.
Like free bets, most betting sites attach terms and conditions to their bonuses. You have to deposit a certain amount of money whilst also making specific wagers.
New customers are often tempted to jump at the first free bet or sign up bonus offer they see on a betting platform. After all, why would anyone turn down free money?
However, such impulsive decisions are a mistake. You need to take a moment to read the conditions of any given bookmaker before binding yourself to a contract you might be incapable of fulfilling.
Of course, that assumes that you have come across a conventional free bet or sign up bonus that expects you to part with your hard-earned money.
There is such a thing as free bets that have no financial conditions attached to them. People call them o Deposit’ Free Bets. Some betting websites will offer your free bets without expecting you to first make a deposit.
These promotions are free in the truest sense. But they are also rare. Customers love them because they provide a risk-free opportunity to test the workings of a given bookmaker.
But bookmakers are wary of them because o Deposit’ Free Bets are expensive, which is why they are often constrained by time.