When it comes to betting bonus offers, there are plenty of types that you’ll find at local Aussie betting sites and International giants like Bet365. There are enhanced / boosted odds, cashback offers and much more. Here are some common bonuses offered by betting sites in Australia.
Deposit Match Bonus
This is when a betting site will give you a percentage of your deposit with bonus funds, so giving you more to bet with right from the start. For example, if you deposit $50 and the site offers a 50% deposit match, you’ll get an extra $25 in bonus money. This boosts your betting power and increases your chances of winning without requiring a large up-front payment.
Bonus Back
Receive bonus offers if your horse finishes behind the leader, like 2nd or 3rd. This is a great way to get a second chance bet even if your bet doesn’t win. For example, if you bet on a horse to win and it finishes second or third, you could get your stake back as a bonus, allowing you to try again without another cost.
Free Bets
Betting sites bonuses offers can include free bet credits, which can be used to place bets without risking your own money. This type of promotion is ideal for trying out new betting strategies or markets. For example, you might receive $20 at free bets betting sites after making your first deposit. As a result, this lets you explore different betting options without any financial risk. I'll give more discussion on free bets further down this page, because this type of bet is a very popular bet in Australia.
Cashback Offers
Cashback offers can give you a percentage of losses over a specified period and are returned as bonus cash. This helps mitigate the impact of a losing streak and encourages continued betting. For example, if you lose $100 in a week and the cashback offer is 10%, you’ll receive $10 back as bonus funds. That should soften the blow and give you another chance to win.
Enhanced Odds
Better odds on specific events or bets, increasing potential winnings. Enhanced odds promotions can significantly boost your returns if your bet is successful. For instance, if the odds for a runner to win are $2, an enhanced odds offer might boost them to $3, meaning a $10 bet would return $30 instead of $20.
Racing Cashout
The option to claim winnings early before the event is finished. This feature allows you to secure a certain amount of your potential winnings if you feel the bet might lose. For example, if you put on a 3 leg multi and 2 legs have already won, just take the cash and you don’t have to worry about losing it all.
Reload Bonus
Bonuses are available for existing customers when they top up their accounts. This type of promotion rewards loyalty and keeps the betting experience exciting. Such as, you might receive a 25% bonus on your next deposit of up to $100.
Loyalty Programs
Earn points or rewards for regular betting activity, which can be redeemed for bonuses or prizes. Loyalty programs are designed to reward consistent punters with various rewards, such as online free bets, cash bonuses or unique gifts. The more you bet, the more points you earn, which can be exchanged for valuable rewards.
Referral Bonus
Bonuses for referring friends to the betting site. When you invite friends to join the site and they sign up and deposit, you receive a bonus as a thank you. For example, you might get a $50 bonus for each friend you refer who meets the deposit bonus requirements, adding extra value to your betting experience.
Owners Bonus
Get betting bonus offers when you win a bet on a horse that you own. This unique promotion is perfect for horse owners, offering additional rewards for successful bets on their own horses. You might receive an extra 10% on your winnings when you bet on your horse and it wins. Unibet and PlayUp are good sites to take advantage of this.
Birthday Bonus
Some sites will give you racing bonus bets Australia on your birthday. I think that this special promotion adds a personal touch to your betting experience and shows they care. Celebrating your birthday with free bets or bonus funds. It’s a fun way to enjoy some betting on your special day.
Seasonal Promotions
Big events like the Melbourne Cup, Group one races or Spring Racing Carnival usually come with some great betting promos that I usually take advantage of. These promotions are designed purely for major racing events and they usually offer enhanced odds, free bets and other bonuses to make the racing experience even more exicting. For example, during the Melbourne Cup, you might find special offers such as double winnings on certain bets or free bets for placing a bet on the big race.