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Over several years as online betting has flourished, the Bookie has been seriously trying to outdo their rivals and tie you in to their website. The times of Ladbrokes, and Coral's high street monopoly has gone, as a simple and fast way to bet has come along to replace it.
The three big bookmakers have been joined by a number of other betting sites providing you home-based gambling at your convenience.
All this things is great but how do they get you onto their website in the first place? Well they do it by providing you a free bet, at least that's how it's promoted. However it's not as simple as joining with a Bookie whoever it may be and they put 50 in your account and say go and bet with it.
What they are looking for is for you to carry on betting after you have used your bookmakers free bet offers so that over time they can produce a profit from your losing bets. To do this they have conditions before getting your free bet, the different kinds are detailed below.
1. If you put for example 30 in your bookmakers account then the bookie will match this and also put 30 in your account. This is called a match bet.
2. If you put 30 in your account then the bookie will put the same into your account plus an additional sum, for example 150% matched would mean they credit you 45 in your account. This is called a valued added match bet.
3. Reimbursement on losing wagers. If you start using a bookmaker and add 30 to the account, the bookie will refund this if you lose.
This scenario is further complicated by what is known as a roll over bet. For example in the bookie conditions and terms that even if your bet wins and they have matched your deposit that bet wins also, you may have to bet further with that cash until you can take out your profits (should there be any by then).
Also, there are often other circumstances such as putting the first bet on the same day as starting the account in order to obtain the extra bonus. Since there is only one opportunity to benefit from this bookmakers free bet offers it's important to get right the first time. These type of offers are nearly always for new account members.
In summary, wagers by on-line bookies are worth it and with so many around you can make it extremely successful to benefits of them all. However don't hurry into becoming a member of all the bookies right away. Make time to study their very long conditions and terms better still find a site that summarises all the offers and the best way to benefits from each one.