Bet365 has a great promotion on their hands. Although there has been some confusion as to how a bet credit works, bettors don't need to worry about the process since it will be easy to follow along.
The goal to remember here is that you do not want to just use your cash, use a bet credit instead first. This guide will break down everything you need to know about bet credits from Bet365.
What are Bet Credits?
Bet Credits are a specific amount of additional or bonus funds that can be added to your bet365 account. These are to be used when you place bets, so you do not have to risk your own cash.
These are generally offered to new users, so that is also why they might be confused by this terminology. Although this bonus is geared towards new customers, you might, from time to time, be offered something similar with other bonus offers.
The confusion is usually derived from the wagering requirements. As with most promotional offers, they will have specific requirements under their terms and conditions. Bet365 does an excellent job of outlining these requirements.
How to Claim
To claim these bet credits, you simply have to select the Claim button when funding your first qualifying deposit. You can also go to the My Offers section on your account and claim them within 30 days of registering your account.
To get the maximum amount of the bet credit, you must deposit up to $100. Keep in mind that this money cannot be withdrawn, and you have that 30-day window to use it or lose it.
How to Qualify
To qualify for this bet credit, you have to make a qualifying deposit with a minimum of $10 to receive the matching amount in bet credits, which is up to $100. On top of that, you have to be a new user and register.
Next, you have to place bets that are the value of your deposit and allow these bets to settle. Once settled in your account, the bet credits will then be available to bet with.
If you want to make multiple deposits before claiming, you can do this, but remember that your largest qualifying deposit will be the one that counts. There are a few other conditions that you have to meet other than just the deposit.
Other conditions are as follows:
- One of your betting selections has to have odds of -500 or greater.
- The outcome of an event with your highest cumulative risk will count. For example, if betting in a market or fixture of combinations that only have the potential of two or three outcomes or betting where you have placed bets on more than one potential outcome, either pre-match or In-Play.
- If your bet has been partially cashed out, only what is left remaining of the active risk will be counted.
- If a bet has been edited using the Edit Bet feature on their site, only the new risk that is placed on the new bet will be counted.
- If a series of bets such as Fully Cashed Out, Gaming, or In-Play bets are settled as a push or bets deemed no action, will not count towards the requirement.
How to Pay for Bets Using Bet Credits
Once you have deposited the selected amount of $10 or more, you will be able to use the bet credits. To have the option of placing bets without having to risk your own money, simply select ‘Use Bet Credits’ in the bet slip. This is a great flexibility that Bet365 offers, but you must use them within that 30-day time frame.
Benefits of Bet Credits
The benefits of using bet credits are seemingly endless but will generally help you in more ways than one. So we already know that you can get up to $100 in bet credits and that they are flexible to use, but what else?
You can choose the amount you want to use and across multiple different sports, bets, and markets. These winnings from the bet credits will be credited as cash, and you can withdraw them as long as you have met all the requirements.
Bet credits luckily have no fixed expiration date. However, they will be removed from your account if you are inactive for 90 consecutive days.
Bet credits can also be used in combination with a cash balance. So you can choose to partially fund a bet with bet credits if that is what you wish to do.
Bets that are wagered with bet credits can qualify for the No Score Tie Offer. If the offer is applied to a bet using bet credits and then the bet falls under this offer, it will be refunded back as bet credit.
As for this promotion, the closing date for it to end is September 24th, 2020. Bet365 has the option at any time to end this promotion or to take back the offer under certain terms and conditions.
Some other bets that you cannot use the bet credits on are as follows:
- Multi-Sport Parlay Bonus
- Tennis Parlay Bonus
- Soccer Parlay Bonus
They cannot be transferred to a casino or any other gaming product used with risks on Bankers, If Bets, Reverse If Bets, or Teasers.
Bet365 has an excellent opportunity for new users that want to test the waters of sports betting or gambling. As per the requirements, it can be a lot of information to take in.
Luckily, this guide should help with the confusion around what you need to do to help fund your account, how to use a bet credit, and withdraw your earnings. Remember the key features when trying to use the bet credits, and you will be ready to go.
If you still are having trouble understanding the terms and conditions for any reason, check out Bet365 and their information regarding this feature. You can also have a chat with the sportsbook to get a person to walk you through the steps needed to set up your account.