Totesport Deposit Bonus Code 2017 | All Terms Explained
In 1927, the UK government founded Totesport as a horse racing betting provider. This allowed people to bet on horses in a group and avoid illegal bookmakers. Totesport kept adding more and more services to its offer to remain competitive with the rest of the betting providers from telephone betting to physical shops and then the internet. In 2011, the British Government sold Totesport, previously known as The Tote, to Betfred, one of Britain’s storied gambling brands. Besides being known for its racing-heavy emphasis, there’s a tempting Totesport sign up bonus that might catch your eye even if you're not keen on the horses. To learn more about Totesport read our Totesport review to learn about the Totesport app, and read up on Totesport deposit & withdrawal policies. Be sure to check out our review of the Best UK Gambling Sites too, to see what else is out there.
Totesport Sign Up Bonus: The Totesport Deposit Bonus At A Glance
The Totesport Sign Up bonus is not a Totesport deposit bonus, it is a matched stake bonus. Totesport will match the stake amount of a losing bet up to a maximum of £25. When you register for your Totesport account, and set up your payment method you make your first bet. For this bonus, there are no Totesport bonus codes. The lack of Totesport bonus code for this bonus is great, because there's nothing worse than missing out on a bonus because you forgot to input a code.
Making your first deposit with Totesport
Depositing funds into your Totesport account is quick and easy process. When you log into your account you'll find a "deposit" button in the right hand corner. You can make deposits with Visa, MasterCard, Skrill, Neteller, PayPal, and Paysafecard. You should note that Totesport doesn't charge you any fees for making deposits when you use a credit or debit card. If you're using Neteller or Skrill, you get one free deposit transaction per day. After that, you will be charged a 2.9% charge. Some providers may also charge you a service fees for these transactions, so if you have never checked before, it is worth the time to call and ask. This could end up saving you lots of money that you would have otherwise paid in transaction fees. Totesport uses the latest in encryption technology, so you can be sure your payment information is safe from fraud. Totesport may ask you for documents that can verify your name, age, and address.
Totepool offers even more ways to win
Once you've gotten familiar with the sportsbooks offerings, be sure not to miss out on the Totepool action! Totepool betting offers you another way to bet other than the traditional fixed odds bets we all love. With Totepool betting there are lots of winners and the payout can be huge. Just bet into the Totepool and your stake will be added to the pot with the rest of the players' stakes. If there is more than one winner than the money is shared evenly between the winners. Depending on how many people decide to play and how much they stake, the winnings can get pretty big. There are many different bet types within Totepool, all revolving around 6 races where you pick the various placing horses. Pick all six winners correctly and you'll receive a payout of up to £1.4 million! If you're looking for a bit more variety in your betting style and have some good hunches about the upcoming races, you should definitely try your hand at Totepool.
Totesport Bonus explained:
- The bonus is a matched stake free bet bonus on a losing bet
- There is no odds minimum for the qualifying bet
- The losing bet will be matched from £1 to £25
- Only bets on the sportsbooks markets qualify for this offer
- Skrill, Paysafe, and Neteller deposits are ineligible for this bonus
- If your first bet is a non-runner or declared void, you’re ineligible
- All free bets have a validity of seven days
Totesport Bonus Terms Explained
Here’s the Totesport Deposit Bonus terms explained. To take advantage of the Totesport Sign Up Bonus, you must make your first bet. While this is not a Totesport deposit bonus, you must register a qualifying payment method. Remember, there’s no need for a Totesport Bonus Code. Then you have 30 days to go ahead and place the qualifying bet. The rules of the qualifying bet are as follows: you must make a bet in the sportsbooks (any bets in Totes, Numbers, Lottos, or Games do not qualify for this bonus) between £1 and £25. Your first bet must lose to get the bonus; if your bet is a non-runner or is declared void, you will be deemed ineligible for the bonus. If you win the bet, you will not receive the bonus either. If you lose this first bet, the stake amount will be matched and a free bet will be credited to your account in 48 hours. Once the free bet gets credited to your account you’ll have seven days to use it. If you do not use it within that time, the free bet will be taken away from your account. The free bet must be staked as a whole – you can't divide it. These are the Totesport Deposit Bonus terms explained.
Totesport Deposit Bonus conditions
- Name: £25 Free Bet
- Bonus type: Free Bet
- Maximum bonus amount: £25
- Able to be cashed out: No
- Betting requirement: £1
- Minimum odds: N/A
- Bonus code: No totesport bonus code needed
The review of the Totesport bonus
Now, what’s our final verdict on the Totesport bonus? While some of the conditions are generous, there are some restrictions related to the bonus that can be problematic. The fact that there are no minimum odds for the sportsbooks bets is certainly an advantage for people looking to have more control over their first bet. However, the fact that you must lose that first bet to be able to get the bonus is something that more expert punters may not like. If you make a good first bet then you essentially don't get a sign up bonus at all. We think that detail should have been made part of the name of the promotion because it could appear misleading to some consumers. However, after having studied the details in this Totesport bonus review, you should not have any problem. Once you have the bonus money, the 7-day validity period of the bonus is quite short but if you're on top of your play then you shouldn't have an issue.
Overall we think you should give Totesport a try, particularly if you like horse-racing and pool betting. You have little to lose by making a riskier first bet on Totesport because of the sign up bonus.
5 expert tips for the Totesport bonus
1.) Do your research
As we’ve said, horseracing is really the heart and soul of Totesport, so if that's your thing then you're in the right place. However, the focus on horses might mean that some of the other markets contain some great deals. If you stick to markets and sports that you're very familiar with or knowledgable on then you will be in a good position to take advantage of an overlay if one does come up. Overlays occur when an outcome is undervalued by a bookie – they are not very common but if you know your stuff then you have a much better chance of being in the right place at the right time. This is especially profitable when you have more information than the bookmaker. If Totesport is focused on racing, this might be the perfect place to find some killer odds on football fixtures. Use what you know about the bookie to your advantage. Find out how you can use the information to maximise your winnings and support the underdog.
2.) Proposition betting
A proposition bet, or prop bet, is a wager than is based on a very specific outcome of a specific game. For example, in the case of a tennis match, you would be betting on how many games were played in a set in a match between Roger Federer and Andy Murray instead of betting on whether Murray or Federer would win the match outright. This strategy is risky, but it's great for people who are very keen on researching very specific statistics for their betting strategy. There are some great odds to be found if you're willing to put in the leg work and make educated bets on specific markets. The best way to do your research is by keeping up with relevant sports news and statistics. There's a lot of information to learn, so it may be best to start off by focusing on one player. Check out a player's records to better assess how they might do in today's game. The more you know about the player you're betting on, the more confident you should be in your wager. Do your research and watch your winnings grow.
3.) Make use of promotions
‘Bonus whoring' refers to a betting strategy that involves a user having accounts on various sportsbooks and using the multiple bonuses to their advantage. By placing bets on opposite outcomes using bonus money or free bets, a punter can all but guarantee making a profit. This technique works best with sportsbooks that offer a no-deposit bonus, because you can essentially play for free, with no risk to yourself. The Totesport bonus works well with this strategy too, however, because you can't really lose. In the golden days of bonus whoring there were many ways to make a profit using this strategy but now the bookies are wise to it so you'll have to look pretty hard to find a good deal. Using a betting odds comparison site is a great way to see all the bonuses in one place. This can help you pick out which ones may be best to use simultaneously.
4.) Record your bets
If you make a record of what you bet and when you can quickly spot patterns and adjust your betting accordingly. The amount of information you retain is up to you, but the more the better. In the case of horse racing, you can record every race track, horse, jockey and anything else that might affect your outcome. Once you've spotted a pattern you can make more informed decisions and hopefully begin to have more success in your bets. It's true that most bookies now let you access your betting history straight from your online account, however if you have accounts at more than one site then keeping all of the information together can be a huge help. Just look through your history to find a comprehensive list of deposits, withdrawals, settled bets, and more. Looking through your betting records and entering them into a software system can be a visually helpful way to see what areas you are succeeding in and what areas you need to improve. It's much harder to make a clear betting strategy when you're not sure what your strengths and weaknesses are, so check out the raw numbers and get an idea of the quality of your betting style.
5.) Make sure you manage your bankroll
For any punter, regardless of level or cash flow, bankrolling is a critical part of the sportsbetting process. Your bankroll is essentially amount you are willing to potentially lose while betting. While exact percentages vary the general agreement is that you should never ever bet more than about 5% of your total bankroll on one wager. Additionally, depending on your total bankroll, you should also select the types of bets accordingly. The larger your total bankroll the riskier the bets you might want to place. If you've got a small bankroll you might want to stick to daily double bets or just win bets. Pick 3 bets can also be added to win and daily doubles if you have a slightly larger budget, giving you even more variety. This isn't to say that you can't make a profit with a small bankroll. These bet types can be very profitable, even when your stakes are small. Develop a strategy that will keep your bankroll stocked but still give you the flexibility and fun that you want.