LeoVegas Deposit Bonus Code 2018 | All Terms Explained
LeoVegas’s claim to fame has been their casino and slot offerings, but they have also launched their sports betting arm to take advantage of a different sector of the online gambling community. They have only been in the online sports world since May 2016, however, they do have years of experience running online gambling operations since their casino has been online from 2011.
LeoVegas can serve customers from all around the world because they are licensed in the UK and in Malta. You can trust that LeoVegas will provide a safe and exciting environment in which to place sports bets. You will see by the end of the LeoVegas sports betting review that there is a good quality bonus offer that can be taken advantage of by all punters due to how easy the terms and conditions are. There is little in terms of restrictions placed by LeoVegas when it comes to their welcome bonus offer. For more information on this bookie check out our LeoVegas review and see how it compares to our best UK gambling sites.
Unfortunately LeoVegas no longer offers an exclusive bonus. Instead, we recommend you check out Betway’s fantastic £100 deposit bonus. Make sure you check out our detailed Betway bonus review for more information.
LeoVegas: What kind of LeoVegas sign up bonus is available?
The LeoVegas welcome bonus is a little different to the average matched deposit bonus that you can expect from many other bookmakers on our list of the best online bookmakers. The offer here is called a 100% profit boost offer where for the first two bets that you place you’ll get a 100% increase on any winnings. Note that the maximum size of the bets must be £5, so this LeoVegas sign up bonus does have a very small upper limit.
However, if you are looking to give LeoVegas a try for the very first time, then perhaps the quality of this bonus offer is something that impresses you. That’s because there is no need to meet any wagering requirements in order to take advantage. As soon as the bets are settled you’ll receive the bonus money in your account. There are no ‘turnover’ requirements that you have to meet in order to claim this money. This is much better than the strict wagering requirements that a lot of bookmakers have. Also no LeoVegas bonus codes are required since the offer is automatically applied to the first 2 new bets once an account is opened.
Terms and conditions apply.
Making your first deposit with LeoVegas
Before you start thinking all about the bonus, it’s important to understand how to make a deposit with LeoVegas. This bookmaker wants their customers to have a variety of payment methods. You can register with a Visa, Visa Electron, MasterCard, Neteller, Skrill, Trustly, Paysafecard or wire transfer. LeoVegas will not charge you for these transactions, but you provider may. To verify the policies and fees of your providers, it’s always best to give them a call. This way your money is going towards placing bets and not tied up paying transaction fees. LeoVegas has a minimum deposit requirement of £10. If you have any questions about making your first deposit, ask a customer service representative. If you’re a customer from the UK you can reach them by calling their free phone number: 0808 189 0184. Or, send a representative an email at firstname.lastname@example.org.
Withdrawing your winnings
After you’ve settled some bets and would like to withdraw your winnings, enter in the amount that you would like to withdraw. You should not that it will take up to 24 hours to process your withdrawal request. During this time LeoVegas is reviewing your betting history and verifying your payment information. The first time you request a withdrawal, the process will take a little longer. This is because LeoVegas must verify your documents and personal information. They want to be sure that all of their customers are the legal age for participating in an online sports betting website. Any customers under the age of 18 will not be allowed to use LeoVegas.
Your winnings will appear in your account within a few hours if you choose to withdraw using an e-wallet. There are the quickest transaction methods, though you should check with the e-wallet provider to see if they charge any fees for transactions made with online sportsbooks. If you are withdrawing using a debit or credit card, the process will take about 3-5 days to reach your account. This does not count the 24 hours it will take LeoVegas to submit your request. LeoVegas has a minimum withdrawal limit of £20. If you are withdrawing more than £10.000, LeoVegas reserves the right to pay you in equal instalments over a ten month period. LeoVegas will not usually do this, but all customers should be aware of this condition.
LeoVegas bonus code 2018 overview – LeoVegas Deposit Bonus Terms explained
- Place two bets up to a maximum of £5 to take advantage of this bonus offer
- You need to deposit £10 to take advantage of the bonus offer
- Select the profit boost option on your bet slip
- There are no LeoVegas bonus codes that need to be entered
- There are no wagering requirements
- You have to be a new customer to take advantage of this bonus offer
- The bonus money will be credited to your account instantly
Current Promo code & signup bonus
You don’t need to enter a LeoVegas bonus code for this offer, instead, when making the first two bets select the profit boost option on your betslip. This automatically activates the bonus offer so that you can take full advantage of it. The welcome bonus offer allows you to receive a 100% increase on your winnings of the first two bets that you place at LeoVegas, however the biggest caveat is that you can only place bets of £5 max. It will be up to you to decide if you should place bets with low odds so that you have a higher chance of winning, or go for the underdog in the hopes of getting a large return. In any case the welcome bonus offer is great for those of you interested in giving this bookmaker a try for the very first time. Fortunately, there are no wagering requirements that have to be met to unlock this bonus offer. You simply need to place the bets and if they are successful then then money will be credited to your account.
Finally, there are no restrictions regarding the odds that you can place the bets at. It’s a breath of fresh air being able to use a bonus offer on any bet that you want. A lot of other bookmakers do place restrictions on the odds that qualify for free bet offers for example. We hope that now you’ve had the LeoVegas deposit bonus terms explained in a clear manner you’re on your way to making a decision about this bookie. For all participation details, refer to LeoVegas’ Bonus T&Cs.
LeoVegas sign up bonus conditions – LeoVegas Deposit Bonus explained
- Name: 100% profit boost (T&Cs apply)
- Bonus type: you get a 100% increase on your first two bets
- Maximum bonus amount: depends on the bets you make, max bets are £5
- Able to be cashed out: yes
- Betting requirement: no wagering requirements
- Minimum odds: not applicable
- Bonus code: no LeoVegas bonus code required
The review of the LeoVegas sign up bonus
Now that we have gone over the details of the LeoVegas sign up bonus we can begin to weigh up both the advantages and advantages of this bonus offer. Firstly, one of the biggest disadvantages is that the maximum qualifying bet size for the bonus is £5. This might be far too small for punters that are interested in placing a larger wager. Also, if you want to place a bet with low risk, your bonus amount isn’t going to be very high. Therefore, there is limit as to the size your bankroll can grow because of the bonus offer.
However, the advantage is that there are no wagering requirements to enjoy this bonus offer. Once the bets are settled you’ll receive the bonus money right away. You can use that money to place more bets, or simply withdraw it to your bank account. In conclusion, OpenOdds feels that the quality of the overall quality of the LeoVegas sign up bonus is good enough to give this bookmaker a try. The worst case scenario is that you lose your first two bets and leave with no bonus at all, however you’ll only be £10 down as the maximum bet is so low.
5 Expert tips for the LeoVegas Bonus
Do you want to take advantage of the LeoVegas sign up offer and all the other bonus offers that are reviewed by the OpenOdds team? Acquiring the maximum bonus amount from each bookmaker can be difficult if you don’t follow a few sound principles. In this section of the review we will share some betting strategies that can potentially turn you from a losing sports bettor into one that actually makes money. Here are some of the top betting tips to consider:
1.) Bankroll management
The most important principle to be aware of so that your sports betting account doesn’t go down to zero is bankroll management. This involves sticking to bet sizes that are very small when compared to the size of your bankroll. For example, if you have a bankroll that is £100, then you should place bets that are about £1-3 in size. This might sound like small bet sizes, but you need to be patient until your bankroll increases and you can place larger bets. If you were to place bets of £20 at a time then you can very quickly lose a bankroll of £100. Everyone has runs of bad luck, so maximise your survival chances by reducing their impact.
2.) Stick to your sports
Do not deviate from the sports that you have the best understanding of. If you grew up following football then it’s likely that you will be best off if you place the majority of your bets on football. This gives you the best chance at making money simply because you’ll have a much better understanding of how to find the bets that give you a lot of value. When you do want to mix things up by betting on more exotic sports then you can simply try to find a professional sports picker that can help you make the right sports betting choice.
3.) Record all bets
In the long run it will help greatly if you’re able to record all of your bets. Once you have built up a decent sample size of bets you can analyse them to try to find pattern regarding how you place bets. Patterns that negatively affect your bankroll can be eliminated or at least reduced so the bottom line increases. Likewise when you can spot the betting patterns that are mostly winning you money then you should try to take advantage of them where you can. It’s true that most online bookies already keep a record of your bets, however if you have multiple accounts then keeping track yourself can be very helpful.
4.) Promotional offers
It’s a great idea to keep an eye on the different promotional offers that might be running so that you can use them. A promotional offer increases your edge, and sports betting, or any type of gambling for that matter, is all about getting the best edge possible. LeoVegas tends to have a lot of football promotional offers, so as a British based punter you are well catered for. Promotional offers might run for a short period of time so make sure that you check the promotional page regularly for any LeoVegas bonus codes that might take your fancy.
5.) Go for the underdog
It can be exciting fun placing bets on the underdog. That’s because they have bigger odds, and when they win you can win a lot of money. Also since the chances of an underdog winning are lower it’s much more unexpected when you do win. A lot of bookmakers underestimate underdogs and give them longer odds than they should have. You can take advantage of this fact by focusing your betting strategy on underdogs. Just keep in mind that since you have a lower chance to win per bet, so you need to stick to solid bankroll management principles as explained above.