Betting Site Bonuses and Rewards

The information on this page is to assist you understand the jargon. It is not for the purpose of suggesting or advertising that any specific bookmaker offers any type of promotional offer or bonus. Changes in state and territory laws mean that it’s no longer legal for betting sites to advertise or promote certain types of offers available to new players. The laws are different in each state and territory. It’s still legal for betting sites to offer bonuses and promotions to existing customers, but they’re not allowed to advertise them to unregistered players.

Who doesn’t love a freebie when you’re placing a bet? We have to admit, there’s something very satisfying about winning when you’ve been given a little extra.

But bonuses and offers change regularly, so you’ll need to be quick to take advantage of the best deals.

The good news is that our experts have got their eyes on the market, bringing you the hottest betting sites, large and small.

That’s what sets My Betting Mate apart; we scour all the bookmakers, including smaller, independent sites that you might not have heard of. Smaller betting sites may not be as well known, but they can still offer fantastic bonuses - all you have to do to take advantage is sign up!

If you’re scanning this page looking for the best welcome bonuses, you won’t find any here - or anywhere else. That’s because of recent changes in Australian law. This means you won’t be able to legally find any information about bonuses for new players anywhere.

Changes in state and territory laws mean that it’s no longer legal for betting sites to advertise or promote certain types of offers available to new players.

It’s still legal for betting sites to offer bonuses and promotions, but they’re not allowed to advertise them to unregistered players.

A bonus bet is a popular type of bonus that is one of the easiest to understand, even for new punters. You’ll be given an amount to bet; this must be placed as a single wager. Sometimes, there may be minimum odds that apply to any bet you want to place.

The bonus bet typically shows on your account as bonus credit and can’t be withdrawn.

If you win your bet, you can withdraw your winnings. This proves there really is such a thing as easy money! The only difference is that you won’t receive a refund of your stake, as you would with a regular bet.

Deposit bonuses come in all shapes and sizes, so you’ll need to check the criteria carefully to find out what you’ll receive.

Put simply, when you deposit real funds into your account, you’ll receive some kind of bonus. This is often a match bonus where the amount you receive is a percentage of the deposit. You may also receive a fixed amount, but this is less common.

There will usually be a minimum amount to qualify for the deposit bonus, so be certain to check this carefully before transferring funds.

A racing refund is a type of promotion used in horse racing where either a refund or a free bet is given if the horse is placed but doesn’t win.

Various bookies offer different types of racing refunds; some only include 2nd place, while others might include 2nd, 3rd and maybe even 4th place.

You don’t need to bet a lot of money to have fun, and every betting site will have its own minimum bet amount. This is the lowest amount you are allowed to place on a single bet.

This shouldn’t be confused with the minimum deposit amount. The minimum deposit is usually much higher than the minimum bet amount. For example, depending on the payment method, a minimum transfer may be $5 or $10, while the minimum bet amount could be just as little as $0.05.