Betfair Free Bets
Most online sportsbooks offer some form of free bets to entice new clients. Usually, these initial free bets come in the form of a deposit bonus, whereby the bookmaker matches some percentage of your first deposit up to a certain amount. The downside to this structure is that in order to take full advantage of it, you have to go all in before you’ve had any opportunity to form an opinion about the bookie. The popular Betfair.com, however, takes a different approach.
At Betfair.com, it doesn’t matter how much you deposit. Instead, Betfair provides you bonus money based on how much you actually wager. Better yet, you have a full thirty days from the time you make your first deposit, the minimum of which is usually £5-10. So this way you can try Betfair with very little investment, and then if you decide to stay on board, you can take full advantage of a cash-back bonus that is far greater than the bonus offered by most.
The Betfair cash-back system uses a point structure, and bettors earn a point for each £0.10 in implied commission. The implied distinction is an important one because Betfair only takes commission on winning bets, but they also provide commission discounts on losing bets. If your discounts wipe out your commission owed, you still earn cash-back points based on that original commission amount. The point limit is 50,000, which will earn you a £1,000 bonus.
Finally, Betfair.com also has a free bet available for those new clients who lose on their first wager. This nice touch is separate from the cash-back bonus, and is worth up to £25. Simply put, make your first wager, and if you lose, Betfair will “refund” you your losses up to £25. This wagering also counts toward the cash-back bonus fully, so if you decide to give Betfair.com a whirl, it’s a good idea to do so with a £25 wager. You essentially get to bet that it twice.