Bet365 Sportsbook Bonus review

Bet365 Sportsbook Bonus review

Published on 03/07/2019

Welcome back at yet another bonus review. This time we are taking a close look at the sportsbook bonus from bet365. Let's start straight away with the most important summary of the offer. This is how they are trying to make you be a part of the club.

Here comes the offer with the comments of Spincastle

Sign up, deposit £5* or more to your account and we’ll match your qualifying deposit in Bet Credits (up to £100*) when you place qualifying bets to the same value and they are settled. New customers only, T&Cs apply.

Comment Spincastle: This looks like the traditional 100% sign up bonus up to £100. I am however missing one important information called wagering. Why? "Wagering is one of the most important conditions to look at by comparing bonus quality". In this case you can stay relaxed. As reading further, the offer looks like wagering 1. This means: After you place the qualifying bets - let's say £10, then you have to stake the same amount to have the funds available to withdrawal. Indeed if you have at the end any funds left.

Once you have met the qualifying conditions, you can use your Bet Credits to stake bets without risking your own cash. Bet Credits can be used on any sport across a wide range of markets. Any returns from bets placed with Bet Credits are added to your Withdrawable Balance, returns exclude your Bet Credits stake. You can also fund a bet with a combination of Bet Credits and cash.

Comment Spincastle: So far seems convincing and I see no catch in the offer. Also you can bet on any sport and league within the offer and are not limited to lets say - harder to predict World Championship.

How the offer works:

  • Claim the offer after making a qualifying deposit.
  • Place qualifying bets to the value of your qualifying deposit (capped at £100*) and allow these bets to settle.
  • Your Bet Credits will be available shortly after your qualifying bets have settled.
  • You can then place bets with Bet Credits, just select ‘Use Bet Credits’ in the bet slip.

If you don’t claim the offer at the time of your first deposit, you can do so at any time within 30 days of registering your account. Simply go to the Services menu, choose My Offers then click Claim Now for the relevant offer. If you make multiple deposits before claiming, your largest qualifying deposit will count towards the value of your Bet Credits (capped at £100*).

Comment Spincastle: This is a fair condition by bet365. You are not rushed into betting within 24 hours nor making a first deposit as big as possible. You can get more out of the bonus if you decide to deposit more later on. In my experience, tough luck if your first deposit is the minimum and then you decide to deposit £100. You get the minimum bonus in those cases.

Significant Terms and Conditions

  • Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for a 100% matched amount in Bet Credits, up to a maximum of £100*. Once claimed, your Bet Credits will be held in your account balance and are non-withdrawable.
    • Comment Spincastle: If you are bothered by "new customers only", I can tell you, this will most likely not be a gold mine of bet365. The offer is generous and from my point of view, the wagering 1 might make put it into red numbers.
  • To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £100*) and they must settle within 30 days of claiming the offer. Only qualifying bets settled after claiming the offer will count towards this requirement.
    • Comment Spincastle: Make sure you know how to claim it. It looks like you have to trigger the "claim" manually.
  • NETeller, PayPal, paysafecard, Skrill, Skrill 1-Tap or ‘by Skrill’ payment methods, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless you have completed Know Your Customer procedures (KYC) and entered a Postal Verification Code (PVC) or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of full Terms and Conditions for details.
    • Comment Spincastle: The tight UKGC rules are making sports betting harder. You have to go through the verification torture till you get to place your first bet. All bookmakers have it and there is no escape.
  • Bets placed must meet certain conditions to count towards the release of your Bet Credits:
    • Must contain at least one selection at odds of 1/5 (1.20) or greater.
      • Comment Spincastle: I am sure, this condition will make some punters surprised - in a bad way. But let's be fair. It would be so easy to bet on matches with the odds 1.03 and then claim the £100. Even the odds 1.2 is too easy to fulfill. I am used to odds 1.5 and higher as a limit.
    • In market/fixture combinations that only have two or three potential outcomes (for example Soccer Full Time Result), where you have placed bets on more than one potential outcome, either pre-match or In-Play, only the outcome with your highest cumulative stake will count.
      • Comment Spincastle: With the payout of 98% it would be very easy to place a bet on 1,X and 2 and then at the end claim the bonus losing £2 only. It is really not easy to outsmart them, is it!
    • Where a stake has been partially Cashed Out, only the remaining active stake will count.
    • Where a bet has been edited using our Edit Bet feature, only the new stake on the new bet will count.
    • Fully Cashed Out, Instant Games, Gaming, void bets, In-Play bets which are settled as a push or bets placed via our Telephone Betting service will not count.

Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details.
Your Bet Credits will be forfeit and removed if your account is inactive for 90 consecutive days.

Full Terms and Conditions

Qualifying

  • Offer available to new customers registering on or after 12:00 UK Time on 17th January 2019.
  • Make a qualifying deposit of £5* or more to qualify for a 100% matched amount in Bet Credits up to £100*. Your qualifying deposit is your largest deposit (capped at £100*) made in the 7 days prior to you claiming the offer. NETeller, PayPal, paysafecard, Skrill, Skrill 1-Tap or ‘by Skrill’ payment methods, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless you have completed Know Your Customer procedures (KYC) and entered a Postal Verification Code (PVC) or we have successfully verified two accepted forms of your Identity Documents.
    For more details on accepted Identity Documents, how to complete KYC, or to upload your Identity Documents, simply log in to your account, go to Members then My Account and select Know Your Customer.

    • Comment Spincastle: As you see, the language gets more difficult with the full terms and conditions. This part is mostly for your lawyer, if there is any problem. For the needs of most of the punters are the previous (significant terms and conditions) the most important part.
  • You must claim your offer within 30 days of registering your account.
  • The maximum amount of Bet Credits that can be claimed is £100*. For example, a qualifying deposit of £150 will qualify for £100 of Bet Credits.

    • Well indeed. That is why there is "up to" in the bonus offer.

Releasing your Bet Credits

  • Your Bet Credits will be held in your account balance and are non-withdrawable. To release your Bet Credits you must place qualifying bets with a total stake value equal to or greater than the value of your qualifying deposit (capped at £100*) and they must settle within 30 days of claiming the offer.
  • Your Bet Credits will normally be available to use within one hour of the qualifying settled bet requirement being met.
    • Comment Spincastle: They need the extra time for checking. Usually this action is settled within a few minutes after the match ends.
  • You may have more than one Bet Credits offer available on your account at any one time. However, qualifying settled bets will only count towards releasing one of the offers. You may choose which offer is active within the Members section.
  • Bets placed using our Telephone Betting service will not count towards the release of your Bet Credits.
    • Comment Spincastle: I guess this is because of the personal costs connected with the person talking to you. The math result that came out of the calculation was most likely "not worth".
  • Any single bets placed at odds of less than 1/5 (1.20) will not count towards the release of your Bet Credits. In multiple bets at least one selection must have odds of 1/5 (1.20) or greater to count.
  • In market/fixture combinations that only have two or three potential outcomes (for example Soccer Full Time Result), where you have placed bets on more than one potential outcome, either pre-match or In-Play, only the outcome with your highest cumulative stake will count towards the settled bets requirement (if you have placed the same highest cumulative stake on more than one selection in the same market/fixture combination then only one will count towards the settled bets requirement). Any bets settled on other selections in the same market/fixture combination will not count towards the release of your Bet Credits. This term is applied in conjunction with the other restrictions. For example, if you have a £10 bet on Man Utd to beat Chelsea and a £15 bet on Chelsea to beat Man Utd on the Full Time Result market at odds of 1/5 (1.20) or greater, only the stake on Chelsea will count towards the release of your Bet Credits (if both bets were for £10 then £10 would count towards the release of your Bet Credits). If you were to place a further £10 bet on Man Utd to beat Chelsea at odds of 1/5 (1.20) or greater, this cumulative £20 stake will count towards the release of your Bet Credits and not the £15 stake on Chelsea.
  • Fully Cashed Out, Instant Games, Gaming, void bets and In-Play bets which are settled as a push do not count towards the release of your Bet Credits. Where a stake has been partially Cashed Out, only the remaining active stake will count towards the release of your Bet Credits. Where a bet has been edited using our Edit Bet feature, the original stake will not count towards the release of your Bet Credits and only the new stake on the new bet will count.
  • If you do not have qualifying settled bets to the value of your qualifying deposit (capped at £100*) within 30 days of claiming the offer, your Bet Credits will be forfeit and removed and the offer will be closed.
    • Comment Spincastle: Make sure to keep an eye on this. I already lost my bonus because of expiring.

Using Bet Credits

  • Your Bet Credits are non-withdrawable. Any returns from Bet Credits stakes will be added to your Withdrawable Balance but Bet Credits stakes are not included in any returns. For example, a £10 bet placed at odds of 2/1 (3.00) would give a return of £30 (£20 winnings plus £10 stake), whereas a £10 Bet Credits stake placed at odds of 2/1 (3.00) would give a net return of £20, as the £10 Bet Credits stake is not returned.
  • Stakes can be funded in part by your Bet Credits and part with your Withdrawable Balance; however the Bet Credits element of the stake will not be included in any returns. For example, a £10 bet placed at odds of 2/1 (3.00) which was funded by £5 Bet Credits and £5 cash would give a net return of £25 (£20 winnings plus £5 cash stake) as the £5 Bet Credits stake would not be returned. If a bet is void and has had an opportunity to win (for example, in the event of a push), Bet Credits stakes will not be returned. If a bet is void and has not had an opportunity to win (for example, when a Goalscorer bet is placed on a player who does not then take part in the match), Bet Credits stakes will be returned.
  • For the purpose of Cash Out, the value displayed will already have the Bet Credits stake removed and will be the actual return received if Cashed Out.
  • Your Bet Credits cannot be:
    • transferred to Casino, Games, Poker, Vegas or Bingo;
    • used as stakes on Tote (including other pool betting) and Lotto markets;
    • used as stakes on Bankers, If Bets, Reverse If Bets, Teasers or bets placed using our Telephone Betting service.
  • Your Bet Credits will be forfeit and removed if your account is inactive for 90 consecutive days. Making a deposit, placing a Sports bet or participation in any Casino, Poker, Games, Vegas or Bingo product is deemed as having activity on an account.
  • Bet Credits can be used as a qualifying bet for the following offers:
    • ITV Racing 4/1
    • Feature Race 4/1
    • Bore Draw Money Back
    • Bets placed using Bet Credits will not qualify for the following bonuses:
    • Euro Soccer Bonus
    • Tennis Accumulator Bonus
    • Parlay Bonus
    • Euro Basketball Bonus
    • Aussie Footy Multi Bet Bonus

General

  • This offer closes and cannot be claimed after 11:59 UK Time on 28th November 2019.
    • Comment Spincastle: Summer time is the time where only the less known leagues and sports are in offer. Make sure to be wise and take this into consideration. OR wait till August 14th when the Premier League begins.
  • This offer is only available to customers residing in Great Britain and Republic of Ireland.
    • Comment Spincastle: They have an offer for all markets. Just fill up the right Country of origin when signing up.
  • Where any term of the offer or promotion is breached or there is any evidence of a series of bets placed by a customer or group of customers, which due to enhanced payments, Free Bets, risk free bets, Bet Credits or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, bet365 may reclaim the enhanced payment, Free Bet, risk free bet or Bet Credit element of such offers and/or void any bet funded by the Free Bet or Bet Credits. In addition, where there is evidence of such activity, bet365 may levy an administration charge on the customer up to the value of the Bet Credits, Free Bet, risk free bet or enhanced payment towards the administrative costs incurred in identifying and taking action against the activity.
    • Comments Spincastle: This condition is there just in case some of the employees in bet365 will mess up and there will be millions to pay out. And not only that. There are many groups of bastards who know how to make money by sports betting by cheating.  They need to be bullet proof against them.
  • bet365 may reclaim any bonus amount, Free Bets, Bet Credits or enhanced payments that have been awarded in error.
  • All customer offers are limited to one per person. If bet365 has reasonable grounds to suspect that the bonus or offer is being claimed by or for the benefit of the same person more than once or by a group of people then it may withdraw the availability of any offer or all offers to that customer or group of customers and/or void any bet funded by the bonus or offer and remove any winnings from such bet.
  • bet365 may, at any time, make minor amendments to this promotion to correct typographical errors or to improve on clarity or customer experience and may cancel this promotion for legal or regulatory reasons.
  • Employees, officers and directors of bet365, its promotional or other agencies, licensees and licensors, service providers and any other associated or affiliated companies shall not be eligible for the promotion. The same terms shall apply to the direct families of such persons.

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