What is a Free Bets Bonus
Our BettingRank team is made up of seasoned punters and industry experts who use their extensive knowledge and experience to evaluate sports betting sites. We examine a range of key factors to ensure the free bets bonuses we recommend offer real value to Kiwi bettors. For more insights on the best betting sites, visit our main page at bettingranker.com.
Rollover requirements
Rollover requirements, also known as wagering requirements, are conditions set by betting sites that dictate how many times you must wager the amount of your free bet before withdrawing winnings. For instance, a 5x rollover on a NZ$10 free bet means you must wager NZ$50 before cashing out. These conditions are crucial in determining the actual value of a free bet bonus.
Minimum TAB slip odds
Minimum TAB slip odds refer to the lowest odds allowed for a bet to count towards the turnover requirements. Betting sites may set these minimum odds to prevent punters from only placing safe bets to meet the wagering conditions. Understanding these odds is essential to strategise and fulfill the bonus terms effectively.
Time restrictions
Time restrictions on free bet bonuses dictate how long you have to use your free bet and meet any associated rollover requirements. This period can vary widely, from a few days to several months. In New Zealand, this is akin to the time it takes for a Kiwi bird to lay its eggs - it can be quick or take a while. It's important to be aware of these time limits to ensure you don't miss out on the opportunity to use your bonus or claim your winnings, much like missing the All Blacks' game.
Single or Multiples
This criterion specifies whether the free bets can be placed on single events or must be used in multiple bets, such as multi-bets. Single bets are straightforward, while multiples require each selection within the bet to win for a payout. The type of bets allowed affects how you can use your bonus and strategize for potential returns. In New Zealand, this might be akin to deciding whether to put all your eggs in one basket, or spread them out over several. It's a bit like deciding whether to bet on just one rugby match, or several.
Max Bonus Winnings
Max bonus winnings cap the amount you can win from using a free bet. For example, even if your free bet on the All Blacks rugby match wins more, the terms may limit your winnings to a set maximum. Understanding this limit is important as it can influence the bets you place using the free bet bonus, whether it's on a cricket match at Eden Park or a horse race at Ellerslie Racecourse.
Types of eligible markets
Not all free bets can be used across all betting markets. Some bonuses may be restricted to certain sports or types of bets (e.g., pre-match, in-play). Knowing the eligible markets is crucial for making the most of your free bet, ensuring you can use it on the sports or events you're most interested in, such as rugby union, cricket, or netball.
Max Stake Percentage
The max stake percentage refers to the maximum portion of a free bet that can be used on a single wager. Some sites may restrict you to using only a certain percentage of your bonus on bets, requiring you to spread it across different wagers. This factor can significantly influence your betting strategy and how you allocate your bonus.