Lions Bet Cash Bonus vs Free Bet
In the world of online betting, bonuses are a major drawcard for many punters. But what exactly does it mean to get a cash bonus versus a free bet? In this article, we’ll delve into the differences between these two types of bets and provide you with some insights on which one might be more beneficial.
What is a Cash Bonus?
A cash bonus, also known as a deposit bonus, is lions bet bonus a promotion offered by online bookmakers to their customers. When you sign up for an account or make a specific type of bet, the operator will give you a certain amount of money to use on future bets. This can be in addition to your initial stake or a standalone offer.
For example, let’s say you join Lions Bet and they are offering a 100% deposit match bonus up to £50. If you deposit £20 into your account, the bookmaker will add another £20 as a cash bonus, making it look like you have £40 in your balance. This money can then be used on any sports market or casino game.
What is a Free Bet?
A free bet, often abbreviated to FB, is essentially "free play" money that allows you to wager without risking real funds from your account. When using a free bet, the stakes are credited back to you as winnings if successful, but remember that profits from these types of wagers can’t be withdrawn until any stake has been returned.
Here’s how it works in practice: let’s say Lions Bet offers you £20 worth of free bets when signing up for their service. When placing a wager with this amount, the full £20 will come back to your account as real money if your pick comes off – minus any commission fees that might apply.
Pros and Cons of Cash Bonuses
- More flexible : cash bonuses can be used on just about any game or market at an online bookmaker.
- No wagering requirement : You typically won’t need to place wagers with the exact odds required by some free bets – although there might still be other terms and conditions attached.
- Takes time to understand bonus structure : It can sometimes feel like you’re stuck trying to decipher how your cash bonus works at a certain site, particularly if it involves rollover amounts or specific betting markets.
Pros and Cons of Free Bets
- Easier to grasp : They work in simple terms: free play money.
- Safeguarding existing balance: There’s minimal risk attached because there isn’t actually any real cash involved until you’ve met a condition (e.g., successfully placing qualifying bets).
- Wager restrictions : Not all markets are eligible, meaning if your favourite selection falls under one of those categories it might not be possible to place the bet.