Bonus Back Promotions
The most prevalent and popular horse racing promotion that betting sites offer are Bonus Back Promotions, which are promotions that give you your stake back in bonus bets if the horse you bet doesn't win but runs a place. For example, the promotion may be Bonus Back up to $50 if you run 2nd or 3rd at Randwick this Saturday, this means if we were to back a horse to win at Randwick and it doesn’t win, but it runs 3rd, we get our stake back in bonus bets.
Deposit Match Bonus
A deposit match offer is where a betting site offers to match a customer's deposit in full or in part with bonus bets. A deposit match promotion could say something like 100% matched deposit up to $100 in bonus bets. This means that we could deposit up to $100 and also receive that same amount in bonus bets on top. For instance, if we deposited $100 in cash, we would get back $100 in bonus bets for free!
Winnings Boost Promotions
Some betting sites have a variety of winnings boost promotions where, if your bet wins, you will receive additional profits in the form of bonus bets. For instance, the promotion can be 100% extra winnings up to $50 in bonus bets when your three-leg Same Race Multi wins.
So if we make a 3 leg Same Race Multi with odds of $3.00 and place $20 cash on it, it then wins and returns $60 in cash, additionally, we receive $40 of bonus bets (as $40 is the portion of our return that is considered winnings) giving us a total of $100 to bet with now, that’s the same as if the odds of our bet was $5.00, a big boost!
Boosted Odds Promotions
Boosted Odds promotions are frequently offered by betting sites when big races or popular horses are running, whereby they considerably increase the odds for a particular horse to win. For instance, one offer may be Nature Strip to win The Everest at $5.00 (boosted from $2.50). These deals are excellent value since they give substantially higher odds than you can find anywhere else on the market, so keep an eye out for them in our Tips of the Day articles to see when they appear.