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What are Free Bets and Why Were They Band in Australia?

Free bets and bonuses are no longer available in Australia due to the Australian government wanting to shield minors, gambling addicts, and other at-risk individuals from marketing by betting organizations.

As of the 27th of May 2019, The National Consumer Protection Frame for Online Betting (NCPF) has made significant changes in regard to gambling marketing incentives.

Free bets offered by bookies, for those who don’t know, can be understood as an incentive for punters who are looking to sign up with a new sports betting online platform.

These free bets were used as a marketing tactic to set companies outside of their competitors.

As seen on the Australian DSS website, the NCPF has placed restrictions on online wagering companies.

What does this actually mean?

This means that any online bookies are now prohibited from offering any credit, bonus, free bet, or benefits as an incentive to sign up for their website.

This ban also includes incentives relating to opening an account or referring someone to open an account with a betting website.

The free bet laws and legislation were published here on the Australian DSS website.

Free Bonus Bets

As an incentive and competitive marketing tactic, bookmakers would offer free bets and generous bonuses’ when a new prospective punter would visit their website. This was also furthered when these punters would sign up.

If the punter were to sign up, and place a bet with their own money, as a reward the betting website would offer a ‘qualifying bet’. This meant that the amount that they had spent would be worth twice as much.

For example, if a punter is placing a $50 AUD wager, the bookmaker would double it, so the new punter now has $100 AUD to bet with.

Bookmakers have made betting bonuses widely available to their members but have restrictions on their marketing in Australia.

Websites like Betfresh have been established in order to review and give punters the inside scoop of what different betting services have to offer. On the SportsBetKings website, you will find reviews that highlight different betting service bonuses, and top deals and let you know whether or not the betting service is secure and reliable.

Services like Betfresh have replaced the idea of free bonuses and bets, letting users into what these bookmakers are providing and how efficient their service actually is.

No Deposit-Free Bets in Australia

Despite bonus bets being prohibited Australia-wide, you still find your Bookmakers who bend these rules by claiming they are not enticing customers to sign up purely for the purpose of their free bonus incentives. These bookmakers also provide the option for punters to add bonuses to their portfolio by simply contacting the company if it isn’t provided to them automatically.

Betfresh is dedicated to providing useful and reliable information to its users. Whether they be a professional punter looking for their next service, or someone who enjoys sports betting for leisure, Betfresh makes it their mission to provide the best and most reliable recommendations.

Choosing a bookmaker can be overwhelming due to the large amount of services there are out there. At Betfresh, we provide the tools and filters for punters to narrow down their search to help them pick the best fit for their needs.

Football Free Bets And Turnover Rules

One of the most important factors to consider when determining your bookmaker is their turnover policy for no-deposit bonus bets on NRL, AFL, Cricket, and Soccer.

This can mean, for example, a bookmaker may have given punters a free bet worth $50 AUD. However, in order for the punter to access this, they must place a bet on a fixed-odds event amounting to over $2.50 AUD.

Another common rule with betting agencies is that the amount punters deposit must be ‘turned over’ multiple times before one can receive it. It is important for punters to explore the details of any deals to avoid disappointment when punting with a bookmaker.

Free Bets and Maths

A number of punters have utilized the available free offers and curated strategies to ensure all the available incentives are being used.

For example, let’s look at a punter named Sarah. She notes that all deposit-free bets have a value assigned by the bookmaker.

Sarah decides to place a wager on a coin toss at a football match with her qualifying bet.

There is a 50% odds that she may win or lose. The odds stand at $1.80 AUD, Sarah expects to win either $0.90c AUD or lose $1 AUD when the coin is tossed.

Whilst it may appear to be a losing situation, once you consider the free bet Sarah is receiving, you can see she is utilizing the free incentive. If Sarah were to repeat her free bet on a similar bet she could expect an additional outcome:

• Almost a 50% chance Sarah wins both bets and she gains AUD $1.80.
• A 25% chance Sarah wins one bet and loses the other, she stands to lose 10 cents.
• Another 25% chance Sarah loses both bets but only loses the original AUD $2

Having determined the probabilities, Sarah places this same bet on four different bookmakers.

She now can expect to gain $0.90c once, win $1.80 AUD once, and lose $0.10c twice. Successfully gaining a profit of approximately $0.70c. As such she gets two bets for the price of one. Whilst $0.70c is a small profit, if the odds were raised and a bet of $100 AUD Sarah would have made a profit of $70 AUD, as a first-time punter.

Looking at another example, we can see Nigel, has been exploring a variety of bookmakers in order to determine who has the best win and odds.

Nigel landed a bet at $2.40 AUD odds and made a deposit for $1 AUD. His booker then doubles this $1 AUD providing Nigel with $2 AUD he can now use.

If Nigel wins, he can win $3.80 AUD from his bet of only $1 AUD, however, If he loses, he has only lost $1 AUD. It is crucial to understand that the odds that these odds Nigel has acquired are rare to come by. It is important to remember the importance of gambling responsibly.

Bonus Bets Are A Reward

Punters are advised not to count on bonus bets as a source of income. Rather they should enjoy it as an added reward.

A standard procedure in shopping for a bookmaker agency for both new and experienced punters is to consider the promotions and other incentives the online service is offering its punters. While no deposit bonus bets appear to be a reason to select your bookmaker, it is important to consider whether these bonuses are truly worth it.

Further, another standard procedure that is crucial to your choosing your bookmaker is their ‘Terms and Conditions’. It is important for potential punters to read through and understand the Terms and Conditions before signing up for the service.

Terms & Conditions In Australia

We here at Betfresh cannot stress enough the importance of reading through these Terms and Conditions as small details that are often overlooked can stipulate different playing conditions. These can vary from company to company, so be sure to read and understand the fine print before you begin your betting.

In regards to free offers provided by bookmakers, the Terms and Conditions will cover what is classified as the correct process in providing users with the promotions they do. These Terms and Conditions are put in place to protect the liability of the bookmaker.

Bookmakers have an incentive to provide punters with free bets, as it sets them outside of their competition. Further, if punters lose their own money, they are also likely to lose their own stake in their free bets.

The average punter is estimated to lose a couple of hundred dollars before they get fed up and move to their next betting service. However, it is also common to notice bookmakers using misleading promotional and marketing language to entice potential punters. Punters may often find that some bookmakers are offering signup bonuses that seem too good to be true, in a case like this is it important for these punters to understand the reality of the situation and that if it seems too good to be true, then it probably is.

By confiding in a website like Betfresh’s, we seek to ensure all punters are aware of all the risks that are entangled with betting, betting bonuses, and incentives provided by bookmakers.

Promotions Offered By Australian Bookies

Promotions can mislead punters into making a bet without any payment of their own. This sounds great when you don’t completely understand why these bookmakers provide you with these offers. The requirement for these bets see bookmakers matching an offer made by punters with their own money and often see punters racing bets in areas where the outcomes are unfavorable. However, you will need to place more wagers in order to access and withdraw your winnings.

We recommend that punters use these free incentives provided by bookmakers as what they are meant to be. That is a simple and fun incentive that has been added to what you would normally bet. As we know, an incentive is a great bonus, but don’t be disheartened if you don’t receive one as you won’t be winning or losing any money you haven’t already spent.

What Are Bonus Bets?

Bonus bets are an incentive formed by bookmakers to encourage punters to sign up with a betting agency or to promote a specific event.

With betting bonuses, punters receive a bonus betting amount whilst bookmakers hold a bonus bet stake. Here, the betting amount alongside the bonus is held by the bookmaker and returned to the punter’s account if successful.

So What are my Options?

Despite bonus bet incentives no longer being permissible in Australia, there is still a variety of fantastic betting services available to punters.

Punters are able to follow our website in order to learn more and stay in tune with Australia’s best betting agencies. At Betfresh staff frequently review these websites for punters, giving them insight into how they run and what they have to offer.

Searching For Free Bets & Having No Luck?

As we know, there is an Australia-wide ban on the advertisement of free bets and welcome bonuses by betting agencies. This can make it difficult to pinpoint what Australian betting sites offer these bonuses.

Here, Betfresh has compiled a list of sites that we have reviewed and have the best possible options for you:

List Of Free Sites

Betfair