When you are placing bets on horse racing, it is never easy to win. There is any wealth of research that needs to go into placing a wager, if you’re doing it sensibly at any rate. With that in mind, bettors will often feel that they should get a little something more from the bookmakers than just their winnings when they see their wagers come in.
Betfred are looking to reward punters that bet on specific races with exactly that, offering a bonus amount of 10% paid out on the winnings that you’re due to pick up. The key thing is that this offer is on specific races rather than any old horse race, so make sure to look out for which one.
What Betfred’s Offer is About
The offer is relatively simple in nature. In short, they will confirm on their website which race the promotion is relevant to. If your bet is a winning one then you will get 10% on top of your winnings. The offer is only on win single bets, with a maximum stake amount of £50 also being in place. If you bet more than that maximum amount of £50 then you will not win the bonus in the event that your overall bet comes in. There are other bet types that won’t qualify for the 10% bonus, which are as follows:
- Bets placed using existing free bets
- Bets that are placed on special markets or on boosted odds
- Bets placed ante-post
- Bets that are made void or that are cancelled
- Each-way bets
It is also worth bearing in mind that the best odds guarantee will not apply to any bets that are placed before 8am on the day of the race. On top of that, you will only be able to win the 10% bonus on your first race of the day that fits within the stake parameters that we’ve already mentioned.
Small Print to Think About
Unsurprisingly, Betfred have a few different rules and regulations that apply to the promotion. For starters, if your chosen horse in the race that they’ve selected ends up coming in a dead heat for first place, the bonus will only be applied to winnings that are over and above the original stake. Speaking of which, the bonus is only paid on the winnings, as the name suggests, so your stake amount is not included.
One of the things that a lot of people will be delighted to read is that the extra winnings are paid in cash. That means that you won’t need to worry about placing another bet with a free bet in order to be able to withdraw it. Instead, it will just be added onto your winnings and you’ll be able to get it out of your account as soon as you’ve been paid it, should you wish to. Remember, it is only for win singles, not the win part of an each-way bet or an each-way bet itself.
Remember the Maximum Stake Rule
Perhaps the most important thing to remember when it comes to taking advantage of this promotion is that you will not be paid anything if you stake amount is more than £50. There are no minimum or maximum odds to worry about, but if you bet more than £50 this will result in your wager not counting towards the promotion.
This means that you should think about what your winnings are likely to be. That is to say, a bet of £55 on odds of 5/1 would pay £275 in winnings, so would be no different than a bet of £50 once the 10% boost has been added. Is it worth betting an extra £5, considering the fact that doing so will result in your bet not getting the bonus payout? Similarly, a bet of £100 on a selection with odds of 10/1 would result in a payout of significantly more than £250, so it isn’t worth worrying about 10% in bonus funds.
Don’t Bet Just Because of the Promotion
Sensible bettors know that the best thing to do before placing a bet is plenty of research. If you are wagering on a race that you haven’t done your research into, the likelihood is that you will end up placing a bet that you are more likely to win through luck than judgement. So, you should avoid placing such bets in case that ends up meaning that you lose stake money that you didn’t plan on betting with just for the sake of chasing a promotion.
Offer Terms and Conditions
Applies to win singles up to £50 stake on selected races. Bets placed on special or boosted markets, antepost bets, bets placed using free bets, void bets and cancelled bets are not eligible. Bonus paid in cash within 24 hours of bet settlement. Best odds guaranteed does not apply on bets placed before 8am on the day of the race. Full terms and conditions apply, 18+ only.