As a betting exchange, Betfair may be a different to what you are used to if you have some experience with standard online bookmakers. However, the sign up offer the have is relatively straightforward which is great to see as newer punters will not be overwhelmed by the intricacies of claiming it. The offer is a £20 bonus once you have wagered 5x £10 bets. The deal itself is perhaps not great value, especially if you lose those 5 bets of £10 each. However. Betfair is a top quality bookmaker and you will be hard pressed to find a stronger betting exchange.
As such, you will need to know more about the wagering requirements attached to the bonus to better understand how to go about fully claiming your the offer!
Get Your Bonus With A Betfair Bonus Code
- Click the ‘Join Now’ button at the top of the home page to register.
- Fill in the registration form. Be sure to check the Betfair promo code ZBBC01 is in the Betfair bonus code box.
- Make your initial deposit of £10 or more.
- Wager 5 x £10 on odds of 1.50 (1/2) or more to get your first £20 bonus.
Betfair Terms & Conditions
You’re probably wondering what you have to do besides type in a Betfair sign up code to get the latest bonus. So let us give you a detailed rundown of all those terms and conditions, so you can get to grips with that Betfair sportsbook bonus with ease.
The Betfair bonus can be claimed by new customers only. There’s no Betfair promo code existing customers can use to get this offer. But don’t worry, there’s plenty of other bonuses for you, like the ACCA boost and other insurance offers. We’ll get to them later.
To use this particular bonus you’ll need to register with the bookmaker and ensure that the Betfair sign up bonus code ZBBC01 is typed into the promo code box when you make a deposit. If it’s not, type it in, but watch out for sneaky typos as you’ll only get one chance at this offer.
Your minimum deposit for this promotion is £10, although to get the Betfair voucher you must spend at least £50 in £10 bets to receive the first £20. Your initial deposit must be made using credit or debit card, PayPal or bank transfer. Payments made using Moneybookers/Skrill or Neteller are not valid…
Place a qualifying bet to get your cash
Once you’ve made your deposit you can place your wagers on a whole host of sports as long as the bet you choose is a single sporting event. Accumulators are not accepted. A qualifying bet must have odds of 1.50 (1/2) or more. These can’t be in-play wagers and you can’t cash out early.
You’ll receive £20 extra for every 5 x £10 wagers you make on qualifying bets, with bonuses capped at £100. This is a good offer, but doesn’t compare to the 100% bonus deals of other websites. Ladbrokes, for example, give players up to £50 as a free matched bet when they sign up. However, the repetition of the bonus which allows you to claim a Betfair voucher five times while only inputting one Betfair bonus code sweetens the deal.
Each voucher is valid for 30 days and must be spent on similar odds to the ones listed above, so 1.50 or more for qualifying bets. Should you win with your bonus stake, you’ll only receive the winnings not the original stake back as payment. You can, however, withdraw your winnings straight away without any additional wagering requirements.
Common Betting Mistakes And How To Avoid Them
Whichever bonus you choose from Betfair, whether it’s the sign up bonus with the Betfair bonus code or another great deal like their risk-free £5 betting exchange bet you’ll want to make sure you make the most of it. That’s where we come in. There are simple ways of extending your gameplay, stretching bonuses and playing for longer. Want in? Then read on.
Betting on unfamiliar markets
We can’t stress this enough, understanding the market that you’re betting on is key. Much like you wouldn’t apply for a job as a surgeon if you’ve got no medical knowledge, you also shouldn’t bet on football if you’ve never watched a game in your life. This spells disaster.
Learn to embrace your key knowledge. If you’re the person in the pub that knows your Baggies from your Wolves then bet on football markets. If you honestly know the difference between a defensive linebacker and a slot-back then maybe American football is for you.
We understand, though, that when you get additional funds in your account, perhaps from a free bet or a Betfair promo code, no deposit deal, you’d be tempted to try something new. This is when we recommend our next step, and that’s research.
Failing to research
We understand that the main element of betting is fun. But do a little bit of research before your bet and you may also increase your returns. We’re not talking poring over the books (unless you’re into that kind of thing) it’s more about understanding your desired betting market thoroughly. Make yourself a maven of horse racing if that’s your sport of choice. Get to know which horses prefer soft ground and which like firm. What sort of weights the horses prefer and which jockeys are in form all may come in handy, too.
And what about football? Keeping abreast of the latest transfers and injuries will help you make an informed bet when the time comes. Remember, though, that even the best laid plans can fall at the first hurdle. You’ll still need a little bit of luck for your bet to come in.
Not controlling your betting
We’ve all been there. We’ve got a bet that’s a dead cert, there’s no way it can lose, so we push the boat out and use most of our budget on it. But then it loses. That horse falls at the last hurdle, or that tennis player inexplicably gets knocked out in the first round. Your initial reaction is probably shock and disbelief, and that’s when you can make silly decisions.
It’s natural to want to chase losses. We’re taught from an early age that losing is a bad thing, so we want to fight back against it. But before you place a bet without thinking, stop and reassess.
The most sensible players will set a budget before they get started. Betfair have their own budget calculator you can use so you never spend more than you can afford to. We also recommend taking yourself away from betting while you calm down and reassess the situation to avoid rash decisions. That might be something as simple as making a cuppa or playing a video game to take your mind off the situation. Find out what helps you, and recognise when you may need to take a break to minimise costly situations.
The Betfair bonus is a decent deal, offering players the chance to add extra funds to their betting account. Sadly, it doesn’t rank as highly as we would like because there are more generous offers out there. But what we do love about the bonus is how simple it is to use. You just sign up with the right promo code and make qualifying bets to get the deals. This is a little different to the Betfair poker room, where you can get their welcome offer without needing a Betfair poker promo code. Betfair bingo also has a deal where adding a Betfair bingo bonus code for existing customers will give you the chance to play 100% free bingo!
The terms and conditions are displayed simply on sign up, giving a breakdown on exactly what you’ll need to do to get the deal. The bonus can also be used with the Betfair app, offering flexibility to players who like to bet wherever they are.
Overall, this is a good deal for newcomers, with slight room for improvement when it comes to value for money.
