Many different platforms offer deposit bonuses. As mentioned before, free bets are used as a way to draw in new customers. Each of these types of new customer free bets can come in handy for you in different ways.
For instance, some help you wager without any risk, meaning you will either win the bet or get back what money you had before betting it. But others can enable you to bet and win money without even having to deposit before (these are called free bets without deposit).
This may sound confusing, but don't worry. We’ll be explaining every different type of free bets for new customers offers so you know exactly which one to pick.
Matched Deposit Bonus
This is the most common free bet bonus type used by online bookies in NZ. Almost all leading platforms offer matched deposit bonuses in some way, shape, or form. To some extent this is the most feasible bonus for new customers too.
The way these work, is that as every new customer would usually do, you make a deposit of a certain amount after signing up for a new bookie. If the site has a matched deposit bonus as their welcome promo, then you’ll be rewarded the exact amount of your deposited money by the site.
Of course, the amount of the deposited bonus will have a limit. Some will cap the amount at $100 and others at more. There will also be a limit to how low you can deposit to avail of this bonus. Most cap it by $10, so this is the lowest you could go to get yourself a bonus.
As well as this, there will be conditions set by betting agencies. These usually come in the form of wagering requirements, time limits, or even restrictions to bet on only one sector, for instance, sports betting.
There are scores of betting agencies that offer this bonus, however, we will only mention examples of the best matched deposit bonuses available in New Zealand.
For example, right now in my experience, one of the best bonuses is offered by PowerPlay. They offer a 100% sports bonus on the first deposit for up to $1000 in total. This amount is astounding, and leads the market currently. This means that you can deposit up to $500, and you will receive $1000 to bet with (for your first deposit only).
Another good free bet bonus is the one offered by 22Bet. With this, you can get a deposit bonus up to $220 in your first deposit.
No Deposit Free Bets
Free bets with no deposit - or more popularly called no deposit bonuses - are a rare holy grail in the betting world.
These are offered by very few operators, and when they are, it’s for a short amount of time. As the name suggests, you will get a bonus just for signing up - you don't even have to deposit any money to avail it. The reason they’re so rare is because typically bookies want you to have some skin in the game and put your own money in.
However, free bets without deposit are a great opportunity for us punters to try out new sports bookies. We can test the markets, understand if the odds are any good, and see if it's worth our time and money. Definitely don't miss out on a no deposit bonus if you ever stumble upon one.
Risk-Free Bets
Risk-free bets are also common among sports bookies, and are a brilliant option for testing out bookmakers that you are still not so sure about. What happens is you can deposit and wager money without having to think of the risks.
That’s because if you lose, the bookie will refund you the amount of your stake that you lost. Usually, this is in the form of credit or free bets.
And yes, like any other online free bets there are also amount limits on how much you will get refunded by the bookie. Also, there will be many conditions in place by the agency so that you can't just play safe, withdraw the money, and never bet on the platform again.
For instance, there will be a limit to how low you can deposit to avail this bonus. Also, after you have been refunded the amount you will have to wager a certain amount of times with the refunded money within a specific time frame to be able to withdraw the amount.
Let's say you have been refunded $50, you might then have to wager five times or $250 worth of stakes in seven days to be able to withdraw the refund.
Bet Credits
Bet credits are virtual funds or currency that you can use to wager any bet, however, you will not be able to withdraw it as real money. This free bet bonus is also used by many betting agencies, as it ensures repeat business, which attracts new customers.
Let's say you are given $30 worth of bet credit after you have filled some prerequisites; you can then wager it on any bet. If you win, you will then be able to withdraw only the profit.
Football Free Bets
Several platforms, especially the ones that focus on free bets for sports, offer football betting free bets. These bets are specially built for the football market and sometimes can come in very handy.
For instance, Palmerbet and PlayUp offer special football free bets and sometimes have attractive promos in place during special events like club leagues or international tournaments.
There are also many specialised football bookies available where you can find these types of free bets sportsbooks. Sometimes no deposit welcome bonuses are offered on these dedicated football platforms as well.
Promo Codes for Free Bets
Betting agencies sometimes release promo codes for special free bets bonuses which only last for a short amount of time. This type of bonus bet is only placed by agencies during special occasions like the FIFA World Cup or Cricket World Cup.
They work similarly to other free bets; you just have to unlock or get the promo code and type in to redeem the free bet bonus. You can find them here on our site, for example, ‘BetandPlay bonus code NZ’.
Existing Customer Free Bets
Free bets are also offered to existing customers of a betting platform to keep them engaged. They are often offered in the form of rewards for challenges, cashback, small bonuses to try out new inclusions, and loyalty bonuses.
There are often loyalty programs in place that punters can be part of after filling in certain conditions. After that, they will be able to enjoy free bets based on their daily betting activity.
