Enhanced Offers - Paid in Cash Vs Paid as Free Bets
Here at BET A BONUS we are working hard behind the scenes in preparation to launch our new site. In the mean time we wanted to take a look at the latest trend in betting offers and break down the different types of enhanced promotions that exist and how valuable they are to the customer.
Every week we are seeing bookmakers release their latest enhanced odds offering usually around the week or weekends main sporting fixtures/events.
It is quite common to find bookmakers enhancing odds on the same fixture, especially if the event is a stand out fixture in the sporting calendar. Some bookmakers are more aggressive with their enhanced odds than others, trying to stand clear of their competitors in enticing new customers to join them. Other bookmakers may have a variety of enhanced bets for the weekend or even add some enhanced accumulators on top of their offers as well.
When deciding which offer is best to take or represents the most value it is important to note the terms and conditions behind these promotions.
In general when bookmakers offer an attractive enhanced offering for a singular event ( not an accumulator) these offers will ONLY be available to new customers. Some bookmakers like Sky Bet, Betway and Paddy Power also offer regular enhanced odds on single and accumulator bets to both new and existing customers however these promotional price boosts are often a lot smaller than when they target new customers.
Generally enhanced betting offers will fall under 2 or 3 different categories. The enhanced odds portion of your bet pays out your winnings in different ways, depending on the bookmaker and offer;
Cash winnings which will be withdrawable
Free bet bonuses which must be rolled over
Some enhanced offers pay out just the enhanced odds portion as free bets whilst the normal stake and winnings from the original price gets paid our normally as cash winnings
Other enhanced odds payout the entirety of winnings ( minus the stake) as free bet bonuses
The third and what appears the most attractive and appealing type of enhanced odds offers are the ‘no lose’ promotions which actually offer enhanced prices with a no lose guarantee on the bet, which means that if your bet loses you will receive your stake back ( up to maximum figure). These promotions really do offer tremendous value on your bet. Betting well over the market and ‘true value’ odds with a refund if your bet loses is an offer you can barely go wrong with. Again be aware that in the majority of cases stake refunds ( if the bet loses) are paid out as free bet bonuses, however given the upside value of these offers and betting with the odds well and truly in your favour make these enhanced odds promotions a fantastic opportunity to win some extra money with very limited risk at all.
With all this in mind, before deciding which offer to take based on merely the enhanced odds being offered you should also consider whether you are happy to take your additional enhanced winnings in bonuses which must be bet again. Would you rather take an offer on an even money bet that has been enhanced to 5/1 but paid out in bonuses or an offer enhanced to 4/1 but paid out immediately in cash?
Enhanced odds with bookmakers like 888 Sports and Winner who pay out winnings as cash are generally slightly less aggressive than other promotions but certainly offer the most value to bettors.
Enhanced offers which are paid out in free bets return your stake and winnings from the original price ( before the enhanced odds have been calculated) amount as cash.
An Example of this type of enhanced bet offer;
If you bet £10 on an enhanced offer from 2/1 to 5/1 and win your bet you will initially and instantly receive £30 ( £10 stake + £20 winnings at the 2/1 original price) with the rest of your winnings of £20 ( £10 @ 5/1 = £60 - your £30 already paid out) in free bet bonuses which must then be rolled over a set number of times before you can withdraw these winnings.
Bet £10 @ 5/1 enhanced from 2/1 and win;
1. Stake returned £10 and £20 winnings from orignal odds at 2/1 paid immediately = £30
2. Enhanced winnings £20 ( £10 @5/1 = £60 - £30 from original price) paid out in free bet bonuses.
Bonuses that are paid out as Free Bets then have rollover requirements aligned to them which means you will need to bet using these bonuses before any winnings can be withdrawn. Normal rollovers can be anywhere between 3-6 times the amount of the bonus
So in summary before taking advantage of these generous and hugely value driven offers be aware of how your winnings will be paid out and what suits you best. The rollover requirements are not hard to meet but they do take away some of the value that the original enhanced offers give. Price boosts paid completely in cash winnings certainly give you the edge over the bookmaker and are a great way to earn some easy money whilst making your bets!