Racebets Deposit Bonus Code – All Terms Explained
If you haven’t had a chance to have a look at our comprehensive Racebets Review here on OpenOdds, we suggest that you do so. In any case, here’s the general overview of one of the best online bookmakers for horse racing.
Racebets.com has been active since being founded in Germany in 2005, and while it originally only specialised in horseracing, today you can also bet on greyhound races as well. It boasts British and German Racing as investors and partners in the organisation, which ensures that Racebets assists in helping grow and promote the racing industries.
Racebets have the biggest horse racers offer out there for punters: they have races from 40 different countries, and the total number of races offered, at over 250,000, is over triple the offer of their next-largest competitor. Besides the quantity of races, there’s an unequalled quality as well: with partnerships from OddsChecker and At the Races, Racebets users have access to all of the statistics and information needed to compile winning handicap strategies as well as plenty of editorial content to continue guide consumers to a whole slew of offers throughout their betting history on Racebets.
Racebets punters can bet directly online or using their mobile app, which is simply a web-adaptable version of the general homepage. It’s the 50th-most popular mobile app in the bookmaker industry, which, for a niche site, definitely says something for the popularity of Racebets in the bookmaking world.
Racebets Sign Up Bonus
Over the course of this review, we’re going to break down all of the nitty-gritty details that you need to know in order to properly capitalise on the Racebets sign up bonus. When you sign up, you then need to make a deposit of at least £10 to make the qualifying bet. Once you play through the qualifying deposit, all you have to do is enter the WELCOME bonus code in the Bonus section to then go ahead and activate your bonus.
How much is that bonus? Well, it depends on how much you bet. If you only bet £10, then you’ll get £10. And what’s your maximum threshold? It’s £50. So the long and short of it is that you need to make a qualifying bet of £10-£50, enter the Racebets bonus code, and do this all within 45 days of registering for your account to enjoy the bonus. Find out whether the Racebets sign up bonus is worth your while by comparing it to other sports betting bonuses.
Racebets Sign Up Bonus Overview
- Deposit at least £10.
- Prepaid credit/debit cards; Skrill, and Neteller deposits aren’t eligible for the welcome bonus.
- Maximum bonus amount is £50.
- Enter WELCOME bonus code in Bonus section.
- You have 45 days from signing up as a new user on Racebets to take advantage of it.
- You need to wager the cash within 30 days of activating the bonus.
- Check the full terms carefully so you don’t get anything.
Racebets Deposit Bonus Explained
Like we said before, you have 45 days from when you activate your Racebets account to make your first deposit and then get the welcome bonus. Once you’ve activated your account, you then need to make your first deposit. If you prefer using Skrill, Neteller, or prepaid cards, just don’t do it for this first deposit because you’ll be counted out of the bonus just for how you make the deposit.
Now, you’ve made your deposit, what do you do next? You place your first qualifying bet. As for minimum odds, it appears that you just need to have played through all of your initial deposit, and once you’ve done that, you go to the Bonus section of your account and enter the WELCOME Racebets bonus code once your bet is settled and before you request any withdrawals. Within 30 days of getting your bonus, you need to complete the wagering of the full quantity. So you’ve done all of that, but when can you get your money out?
The terms for withdrawal are like this: you first need to roll over your bonus winnings five times before you can take the money out. Which bets quality for the rollover rule? It’s for all bets where the odds are 1.5 (1/2 in fractional odds) or more. Any bets with odds less than that are not subject to the rollover policy. If you make any withdrawals during the rollover period, you’ll forfeit all of the bonus money. The same goes for if you don’t wager the full bonus within the 30-day period; the money will also be forfeited.
And the last nugget of advice, you can’t combine this offer with any others, so don’t even try to craft a super-duper welcome and best odds guaranteed bonus for the ages. It’s just not worth it.
Racebets Deposit Bonus Terms and Conditions
- Name: "100% First Deposit Welcome Bonus".
- Bonus type: Deposit bonus.
- Maximum bonus amount: £50.
- Able to be cashed out: Only after you’ve rolled over the bonus money 5 times.
- Betting requirement: At least £10.
- Minimum odds: Not specified, but odds less than 1.5 (1/2 in fractional odds) are not counted towards the rollover requirement.
- Racebets bonus code: WELCOME.
The review of the Racebets bonus:
While on the surface this welcome offer definitely appears generous, the terms and conditions sure do complicate how easily you can play with the bonus money and place a number of limits on when you can take the money out.
For this reason, we highly recommend that you have your own look at the full Terms and Conditions to make sure that you know exactly what you’re getting into. In spite of the complicated rules about which deposits are valid and the rollovers, the fact that you seem to be given a lot of freedom in how you make the qualifying bets (you just need to have wagered all of it and have the bets settled) before you enter the bonus code.
The other tricky thing about the Racebets deposit bonus is that you can’t enter the bonus code until AFTER you’ve used all of the money. It would be much easier if you could enter the bonus code when you signed up for the account and then had it automatically activated once you’ve placed and had your qualifying bets settled. Given that it does have the essence of a great offer, but terms that make it difficult to understand, we are giving the Racebets sign up bonus a 75 out of 100.
It's worth comparing the Racebets deposit bonus to other Online Bookmakers Promotions & Sign Up Offers 2016 to make sure you are getting the best offer for you.
So there you have it, the Racebets bonus explained.
5 expert tips for the Racebets bonus
Are you looking to not only take advantage of your bonus but to unleash future bonuses as you play on Coral? Are you unsure of what’s the best path to take achieve your betting goals? Then have a look at 5 expert betting tips on betting strategies that work. These will give you the potential to not only increase your chances of gaining greater returns on your Coral bonuses.
Wager on overlays:
Most consider that wagering on overlays is the most sure-fire strategy for making money on a long-term basis. For novices to betting on horses, when you overlay, you’re essentially just trying to, at the bare minimum, secure the value of what you’re betting on or better. So if you’ve value a horse at 3/1 odds and you can secure 3/1 odds or better on that horse, then you’ve got yourself an overlay. Creating a win bet strategy using this philosophy is the steadiest for sure; but remember that you’ll want to quit while you’re ahead to maximise the sustainability of this strategy.
Adjust your wagers to your bankroll:
The bankroll, for punters of all stripes, is the backbone of what money you’ll be able to live without should you find yourself in a rough losing streak. Based on how much your budget is, the bets you’ll make will adjust accordingly. There’s also another piece of prudence to consider when you have a bankroll of any amount: NEVER bet more than 5% of the total on one race.
If you’re only willing to wager £1,000 or less; just wager conservatively and only on win or daily double bets. For lower-end punters, your percentage of bankroll wagered target should be between 2 and 4%. If you’re willing to move up to the £1,000-£2,000 range, you can add mild-conservative bets to the conservative bets you were already placing when you had less money in your coffer.
You also can add one more type of bet, pick-3 bets, to the win and daily doubles you were already accustomed to before. Pick-3 bets can also be called multiple win exotics. From £2,000-£5,000, the options that were available to you in the previous bankroll range expand to also being able to wager on light exotics. The new bet categories that come with having enough money to place on light exotics are exacta bets and trifecta bets. Finally, for the high-rollers with a £5,000-£10,000 bankroll, you can also add medium exotics too, and with that, superfecta and pick-4 bets.
Check the tips available to you on Racebets:
Racebets have a nifty part of their site dedicated to editorial content. Their editorials, along with the other stats and data they provide in conjunction with their partners, facilitate your handicapping process. If you go to the EDITORIAL tab, and click on Gallop Tips and Trot Trips, you’ll see the Racebet experts tips on races.
If you fancy more interesting races from the global markets that are often under the British punter’s radar, Gallop and Trot Tips guide you to what may be of interest in countries such as the US, India, and more (the day OpenOdds was preparing the bonus review there were races in Denmark analysed on Gallop Tips).
Keep meticulous records of all your wagers:
You may be saying to yourself, isn’t this rather obvious? And doesn’t Racebets already do this for me? But let’s not kid ourselves; we know that all punters play the field and that everybody plays bets in different sportsbooks online. How else are you going to keep a meticulous record of your punting behaviour than by keeping your very own? Anyone can enter the data on Excel or Google Spreadsheets; it’s the part of those data entry programs that anybody can do, no crazy formulas involved. By categorising the race, track, and all the pertinent details that help you arrive at your ultimate wager, you can see what picks are contributing to a positive pattern and which aren’t exactly helping you increased your balance.
There are so many factors that can be at the heart of a particular result: maybe it’s the type of horse, how slippery the track may be that day, a trainer’s methods are making a particular jockey’s hands work like magic on any colt or thoroughbred it hops on. It may seem tedious, but think about it like this: the more information you’ve got about every single bet you made, the easier it will be to pull out of or tweak your handicapping strategy.
Like with anything in life, and especially anything where you have to gamble money, it’s never so easy that you don’t need to do any homework. This is why you need as much information in as organised and systematic a way as possible. And when you find yourself being the wisdom-bearer on new punter friends, you’ll pat yourself on the back for it.
Price, value, type of bet- the three elements for a winning greyhound wager:
Now, we know that Racebets has much more notoriety for its horse racing offering but don’t think that we’ve simply neglected the greyhound punters. There are a lot of commonalities between horse betting and greyhound betting, however, we wanted to leave you with a final greyhound-specific tip.
The first thing you need to know is that the price, also known as the odds offer, needs to be at least 2:1 to make any bet worth it. If you need to prop up the price, you can bet on a slightly riskier greyhound. The key with odds is to make sure that the bookie’s commission is as minimal as possible. And finally, the most secure bets that have good winning potential are: the future, straight, and double bets. Their advantages are that they’re easy to use, have good prospects, and it’s not insanely difficult to win.