Free Racing Bonus Bets & Money Back Offers
Racing bonus bets are a great way to get started with horse racing in Australia. They can be used to place a bet on any race, and they provide an extra incentive for new punters to try their hand at horse racing. Racing bonuses & free bets are offered by most bookmakers to existing customers as a special promotion. For example: Place a bet on Flemington Races 1-6 and if your selection finishes 2nd or 3rd, receive a Bonus Bet or Bet Return up to $50 per race.
Latest Racing Bonuses and Promotions
Racingbase is the best place to find all the latest racing bonus bets and promotions. We update our site regularly with the latest offers from bookmakers, so you can be sure you’re getting the best deal possible.
Types of Bookie Bonus Bets in Australia
Deposit Match Bonus
From time to time, bookmakers will offer existing customers a deposit match. Customers can be notified of such offers via email, text message or exclusive banners on the betting website or app when a customer is logged in. A Deposit match will generally be tailored to each individual based on previous betting habits.
Free Bet No Deposit
Due to Australia regulations, bookmakers are no longer able to offer free money without a customer depositing into an account. This previous practice was deemed to be an inducement to bet and was banned in 2019.
Bet Match Bonus
Bet Match Bonuses are available in Australia, and they come in different forms. For example, Unibet offers a ‘Bet & Get Up To $200’ promotion which enables customers to place their first fixed odds racing bet and get it matched with a bonus bet. Similarly, Palmberbet offers a ‘Second Racing Bet Match’ up to $100 which means new customers can place their second racing fixed odds bet and get a bonus bet equal to the value of their second racing bet up to $100.
A Reload Bonus is a term used in online casino & poker betting. However, it is against the law for gambling companies to provide online services to Australians and that has been the case since 2001. Online casinos and live sports betting are examples of some of the prohibited services in Australia.
An Odds Boosts is when a bookmaker increases the odds from the original odds. For example, the original odds of a horse to win at $2.10 can be increased using the odds boost. Typically, after applying the odds boost, you will still see the original price somewhere to see the difference in odds from before and after using the odds boost. Odds boosts are often offered almost everyday.
Bonus Back Offers
Bonus Back Offers gives you the chance to receive your original stake (up to the eligible amount) back in a bonus bet. These can typically be received in most cases if your selection runs 2nd, but are also very common in multis (if one leg fails). To view the requirements and eligibility for your bonus bets visit the promotions page or help section of your bookmaker of choice.
Bet Back gives you the chance to similarly cash out, where the bookie gives you an offer to take money on an almost winning bet before it has won. An example would be in a quaddie, if you have won three of your four legs, you can cash out for a partial payment of the possible overall returns. By using this, it ensures that you come away with a profit instead of winning nothing if the final leg was to fail.
Best Odds refers to the highest price a bettor may receive for a certain market. Every punter is after the best odds possible when making the bet so they can possibly win more money. Best Odds ensures that you receive the highest odds from that specific market even if the odds fluctuate to a lower price.
Bonus Bets NSW
NSW punters are entitled to bonus promotions like odd boosts, which was covered just above. Although it is against the law to advertise betting incentives, registered and existing customers of betting sites can still access some of the benefits.
Bonus Bets were prohibited by the New South Wales government in 2018 in an effort to limit Australians being induced to be rewarded by creating a betting account. After this, some bonus bets became banned. Some of these include:
- Deposit bonuses
- Refer a Friend
- Bet Back offers
Bonus Bets Victoria
Residents of Victoria are subject to similar bonus bet regulations as those in New South Wales. There can be no legitimate welcome promotions and bonuses in Victoria because they are likewise prohibited at the local state level. Punters in Victoria may still get bonus bets such as odds bonuses.
How to Maximise the Use of Bookmaker Free Bets & Bonuses
In order to maximise your bonus bets it is important to make sure you have some value in your selections. The higher the odds the more potential returns you could possibly receive, although higher odds does decrease the likeliness of the bet landing. Make sure to check what race meets and eligibility requirements are needed in the promotions tab before making any selections on horses, because some could land you some bonus bets if your selections runs 2nd.
How to Withdraw Winnings from Your Bonus Bet
Withdrawing winnings from your bonus bet is the same procedure as how you would normally withdraw funds from your account. If your bonus bet is $10 and you place it on a runner to win the race at $5, your potential returns would be $40 instead of $50 due to the bonus bets value. You can’t withdraw a bonus bet before use, it has to be wagered first.
Restrictions on the Use of Bookie Free Bets & Bonuses
Based on what state you reside in Australia could depend on your eligibility of receiving various types of bonus bets. NSW, WA, SA & Victorian residents aren’t available to receive bonus offers related to opening an account due to state regulations.
One of the major restrictions for bonus bets that relates to the majority is the duration that the bonus bet is valid for. In most cases, different forms of bonuses generally last for roughly a week. To ensure you have all the required information and understand your eligibility for bonus bets, be sure to check out your chosen bookmakers bonus bet FAQ’s & terms and conditions.
Final Thoughts on Bookmaker Bonus Bets Australia
It’s free to open a betting account, and in doing so will give you access to exclusive promotions and bonus bets, but also access to the best markets available. Although the nation’s regulations to bonus bets may be slightly demoralising to punters, there is definitely still some positives and value to find from every bookmaker. Always make sure to check the eligibility for bonus bets in your state, this can be viewed in the promotions section when logged in your account.
Bonus Bet FAQs
What is a bonus bet?
A bonus bet is in a likeness to a voucher to a sum of money that you can use to place a bet on your chosen market/s.
Where can you get bonus bets?
You can receive various different types of bonus bets from your chosen bookmaker. If you are looking for a bookie to use, check out our honest thoughts and opinions on all of the top bookies here!
Can you get bonus bets in Australia?
Yes. Australians are eligible to receive bonus bets. Although there is only a certain selection of bonus bet types available to those depending on what state you are from. Be sure to look for your eligibility on bonus bets in the promotions tab of your bookmaker.
Can you still get a free bet bonus?
Bookmakers are no longer able to offer free money without a customer depositing into an account due to Australian regulations. This has been the case since 2019.
How do I use a Bonus Bet?
The process of using bonus bets is typically very similar across every bookmaker. To use the bonus bet you simply place a bet like you normally would but instead of entering the stake, you click on the option to use the bonus bet.
Where can I view my Bonus Bets?
Different bookmakers sometimes have your bonus bets located in different sections. For example, TAB have them located in the Bonus Bets menu, whereas PointsBet have them located in the account section.
Can you split bonus bets?
Once again, it is dependent on what bookmaker you are using. Some bookies such as TAB allow you to split bonus bets. However, Neds do not allow it.
Which betting sites offer a sign up bonus?
Due to Australian laws and regulations, it is illegal for bookmakers to offer new customers incentives and inducements to bet by signing up. Bonus bets are only offered to existing customers.
Which bookies offer the best bonus bets?
It isn’t difficult finding out which bookmakers offer the best bonus bets to their existing customers, because all if not most bookmakers offer bonus bets. To view our honest thoughts on every bookmaker and their bonus bets, be sure to check out our individual bookmaker reviews.
Should I sign up with multiple bookmakers?
It might be challenging to decide which online betting site to use because there are so many of them. Your search for the ideal bookmaker might be facilitated by using our list of Australian racing betting sites.
In order for you to make an educated choice, we have produced a list of the most well-liked betting sites as well as some lesser-known ones. For more information and detailed research please visit our page on bookmaker reviews.