Titanbet Deposit Bonus Code – All Terms Explained
Many of you may recognise Titanbet thanks to their world-famous Titanpoker range rather than the bookmaker that we are discussing today. Titanbet, the lesser known branch of the Titan family, has spent the past 6 years establishing itself as a professional bookmaker. The online betting website was formed by Playtech plc, the world’s largest online gaming software developer. As well as offering sports betting, Titan account holders will have access to additional gaming products, namely Titan Poker, Titan casino, Macau Asian gaming, live casino and bingo.
The company structure is, compared to other bookmakers, rather confusing. The running company Imperial E-Club Limited has its headquarters in the Philippines, but Titanbet is operating with a betting license from Cyprus. This is why Titanbet starts off with a substantial handicap among customers sensitive about data and legal security. This is just one of the many reasons why our OpenOdds team took a much closer look at this rather interesting bookmaker in our OpenOdds’ Titanbet review.
Since Titanbet is a relatively new bookie to the competitive world of online betting, first appearing online in 2010, the bookmakers have worked hard to build up a fanbase of sports betting clientele. In order to do this they have offered a number of welcome signup bonuses over the years, but their 2016 new customer offer is their best yet.
Titanbet: A fresh new sign up bonus for 2016
Simply put, as a new customer to Titanbet you will receive an 100% matched deposit bonus of up to £200. In order to be eligible for this bonus you must create an account on Titanbet and deposit £10 into your account. Annoyingly, however, the “simple” explanation does not cover the factors listed in the terms and conditions, which are particularly extensive for this signup offer.
Titanbet bonus code overview:
- 100% bonus up to a maximum amount of £200.
- The minimum deposit is £10.
- You must bet the sum of your deposit and bonus 8 times at minimum odds of 2.00 and maximum odds of 11.00 in order to withdraw winnings.
- The “Rollover Requirement” however, states that a minimum of £10 bets of £10 or more must be settled in order to meet requirement.
- You must complete the Rollover Requirement within 14 days of receiving your bonus in order to withdraw winnings.
Current promo code & signup bonus
After the initial embarrassment of redirecting customers who clicked on the 2014 sign up offer to the sports betting portal where the offer disappeared, Titanbet have clearly worked hard since to make improvements. Having said this however, the terms and conditions of this new and improved signup offer are extensive and include a number of hidden potholes. Titanbet’s bonus offer has a long way to be included in our Best Online Bookmaker Promotions & Sign Up Offers 2016.
It is fair to say we were not very impressed with Titanbet’s 2014 signup offer as it did not seem worth the effort. However, the 2016 signup offer of £200 worth of bonus betting money is more likely to appeal to novices and veterans alike.
The annoying thing about this offer is the sheer number of terms and conditions included. I would like to draw your attention to term number 6 where the wording causes a huge amount of confusion: “In order to withdraw any winnings from this bonus, you must wager the sum of your deposit and bonus eight (8) times at minimum odds of evens (2.00) and maximum odds of 10/1 (11.00) (“Rollover Requirement"). A minimum of 10 bets of £10 or more must be settled in order to complete your Rollover Requirement. Your bonus balance will be used automatically to place bets only when there are insufficient funds in your real cash balance.” So, we are left wondering are you required to make 8 or 10 bets in order to finally get your hands on some winnings? Better explanations needed in the future, Titanbet!
Also, there are further restrictions to the bonus, such as not allowing the bets to be placed on horse racing, which may dissuade some sports bettors.
The only positive point: no special Titanbet bonus code or Titanbet promo code is needed to acquire the Titanbet sign up bonus. Everything pertaining to redeeming the bonus can be completed at the Titanbet website. Unfortunately, despite considerable changes to the 2016 version of the Titanbet signup bonus, we remain unimpressed.
Bonus conditions for the Titanbet bonus code and the Titanbet bonus.
- Name: “Welcome Bonus – Get 100% up to £200".
- Bonus type: New customer bonus in the form of free betting money.
- Maximum bonus amount: £200.
- Able to be cashed out: No.
- Betting requirements: 8 (or 10?) “qualified bets” made within 14 days of being credited.
- Minimum odds: 2.00.
- Bonus code / Promo code: not necessary.
Titanbet Deposit Bonus Terms Explained
It seems that Titanbet have a real knack for confusing advertisements which state one thing and only after clicking on it (and reading the terms & conditions) do you realise it is not quite what you had in mind. Take Titanbet’s 2016 sign up bonus for example: they claim that they will double your deposit suggesting a real cash bonus, but instead you are forced to use this bonus on x number of bets with a whole host of conditions thrown in. When comparing this bonus with the Best Free Bets Offers, the shortcomings become apparent.
Fortunately, you do not have to search the internet for a Titanbet bonus code or Titanbet promo code, but just register directly with Titanbet in order to sign up. Although getting your head around all the terms and conditions of this signup offer is somewhat cumbersome, it is likely to be a good starting point for newcomers who can test out a variety of betting strategies without bankrupting themselves. For the more betting-savvy folk however, the long list of conditions are probably more likely to put them off creating an account with Titanbet.
The Titanbet bonus was rated by the OpenOdds team with 72 from a possible 100 points. Note that it is only with a rating of at least 85 point that we here at OpenOdds regard signup bonus offer as really good, comparable to those offered by the best online bookmakers.
There you have it the Titanbet bonus explained.
5 Expert tips for the Titanbet bonus
Once you have got your head around the terms & conditions of the Titanbet bonus, you may well be in a good position to walk away with a healthy winnings balance. Despite being designed for newcomers, this bonus could arguably work better for betting-savvy punters, who can use the bonus to their advantage on carefully placed bets.
Be wary of large welcome bonuses:
Yes it’s true. It is common for bookmakers offering a welcome bonus to specify that the free money awarded be used exclusively for betting (often specifying how many times you have to bet using the full amount too) and cannot be withdrawn from your account. This is the case with the Titanbet bonus. It is worth noting however that once you have complied with all the terms of the rollover you redeem up to £2000 worth of winnings.
Stick with what you know:
It may seem an obvious point but to begin with you really ought to only bet on sports that you are familiar with; if football is your passion, for example, you are going to have a better ability to predict and understand the odds and outcomes of various leagues better than if you were to, say, bet on the National Rugby League. In the case of the Titanbet bonus which requires you to place a number of bets with your bonus, it’s probably better to stick to one market so that you know you have it covered, rather than spreading it too thin by betting on many different sports.
Everyone loves an underdog:
When allocating the odds, the bookies tend to favour the favourite; this is just logical. So, the underdog as a consequence often has the best odds and potential for bigger earnings. When betting on your favourite sport it’s often easier to spot an underdog opportunity so take this opportunity, take a risk and place your bets accordingly. It is unlikely that the underdog’s odds will comply with your bonus odds limit, so you will have to free yourself from those shackles before the real fun can begin.
Test your strategy:
You might think that betting is a lot of guesswork, but you would be wrong. Betting combines strategy and luck in the best possible combination. So what strategies should you try? If it is your first time betting, understandably you will want to try out a number of strategies to see which work best for you. You could bet it all in one go, every time; stick to a fixed wager; double your stake after failings to cover your back with your winnings; proportional betting depending on your current credit, and the list goes on. Testing strategies with your signup bonus is a good place to start, especially if you are required to make x number of bets using the sum of your deposit and balance.
Small stakes are smart:
Once you are free from the limitations placed on odds in the majority of welcome offers, it is time to play smart. Placing small bets across various sporting events with good odds is a good idea to start with while your balance is still relatively low. Fortunately, your stakes will be limited by the terms of the Titanbet sign up bonus, which in the long run is probably good practice for a beginner.