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Bonus Bets

Bonus bets are awarded to you by a bookie, typically as a result of a promotion or as an incentive for depositing money into your account.

While you a free to place bets with bonus bets just like you can with your own cash, there are certain rules around bonus bets that need to be navigated by the punter.

If this is done successfully, bonus bets can be very handy, and just as useful as cash to make a profit.

The biggest difference between placing a bet with cash and placing a bet with a bonus bet is that if successful, the bet stake is returned to you along with your profit.

For example, if you placed a winning $10 bet with your cash on the Sydney Swans to at odds of $2, you would be credited with $20 ($10 stake plus $10 profit).

However, if you placed the same bet with a $10 bonus bet, you would only be credited with $10, as the stake is not returned to you when placing a bonus bet

Furthermore, most bookies have turnover requirements, whereby you must turnover the profit you make from a bonus bet at least once and with some bookies, up to three or four times.

Taking the Sydney Swans bonus bet example, this means that your $10 profit would need to be bet again with the bookie before you could withdraw that $10 and any profit won with that bet(s).

This would be the case with a bookie that only requires you to turnover the winnings of the bonus once.

However, with a bookie that has a turnover requirement of three times, you would need to bet that $10 profit three times before it can be withdrawn. 

A further restriction of bonus bets is that with most bookies, the bonus bets have to be wagered on odds of $1.50 or greater.

Like with turnover requirements, this rule is implemented by the bookies so punters don't attempt to cheat the system, simply placing bets with the lowest possible odds to guarantee turning the bonus into real cash. 

 

Bonus Bets News

Bookie Promos

21/8/19 Betting Promotions Review

Overall, punters had a pretty good time of it last weekend. While the biggest profits were found on the footy field, .....

Aug 21, 2019 10:02AM
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17/8/19 Betting Promotions Preview

This week, there's a good range of betting promotions up for grabs to entice all punters into having a bet.  As well .....

Aug 17, 2019 09:59AM
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13/8/19 Betting Promotions Review

In the opposite result to a week ago, the profits were to be had on the track and not the footy field. Having said th.....

Aug 13, 2019 05:00PM
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10/8/19 Betting Promotions Preview

For punters who like spreading their bets around, this might be the weekend for you. That's because there are not.....

Aug 12, 2019 01:20PM
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7/8/19 Betting Promotions Review

It was a tricky weekend for everyone on the punt, especially at the track. The betting promotions can only do so much.....

Aug 07, 2019 08:59AM
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2/8/19 Betting Promotions Review

Now that August is here, you know that action on the track and footy field is only gearing up. Below, you'll.....

Aug 02, 2019 03:25PM
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31/7/19 Betting Promotions Review

It wasn't the easiest weekend for punters, especially on the footy field. That's because a fair few of the sp.....

Jul 31, 2019 10:06AM
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26/7/19 Betting Promotions Preview

Best promos for weekend racing and sport With the Spring Carnival only a month away, punters will want to start getti.....

Jul 26, 2019 12:42PM
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10/7/19 Betting Promotions Review

Following a tough week, punters gratefully got themselves back in the winner's circle after a good day's racing .....

Jul 10, 2019 08:15AM
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Bookie Promos

5/7/19 Betting Promotions Preview

This week, Australia's leading bookies are offering punters great specials on a wide range of sports, on top of the .....

Jul 05, 2019 08:53AM
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