BONUS BETS FOR NORTHERN TERRITORY RESIDENTS
The Northern Territory is considered the home of most of Australia’s biggest online betting sites. Sports betting is quite popular in the Northern Territory and the state government is the licensing body in this region. Most betting sites in the state provide their members with attractive promotional bonuses and lucrative betting options.
However, the state is not exempted from the National Gambling Framework, which imposes a ban on sign up bonus offers for new accounts as well as doubling first deposits made by new members. The ban is implemented by the government to prevent online betting sites from inducing residents to join their sites in large numbers. It is a way of regulating and controlling the use of enticing advertisements to attract customers.
Most of the betting sites in the Northern Territory still provide other attractive bonuses to their members in an effort to provide the best services and cultivate more loyalty from their customers. Some of the popular bonuses provided by most betting platforms include cash-back offers, early payout, refer a friend bonus and bonus bet stakes. These bonuses are only available to members with registered online betting accounts.
With the cash-back offers, registered customers who have placed a bet but outcome of their bets results in a loss are given a special refund bonus. What this means is that your stake is refunded and credited back to your account as a cash-back that can be used to bet on other events. However, the bonus is only available for a few select events or matches.
An early payout bonus allows you to cash out your stake along with the extra cash earned before the game or event you had placed your bet on ends. You are given the option to cash out and get your stake as well as any profit made before the event ends. If the match eventually results in a loss, you will still retain your stake and any additional profit achieved by the time you decide to cash out.
The refer a friend bonus is earned when an existing member of a betting site invites more members to sign up and open an account with the betting platform. The bonus may be offered in the form of a free bet or cash. However, the bonus in most cases cannot be withdrawn and can only be used to place a bet on another event. In order to be eligible for the bonus, the friend invited should register an account and deposit money into his/her account.
A bonus bet stake is a bonus meant to boost the money deposited and if you win the match you only receive the profits gained from your bet. You cannot withdraw the bonus stake and it can only be used in specified matches or events. The bonus in most cases takes around 48 hours to appear in your account.
Residents of the Northern Territory, where some of the biggest betting companies are found in Australia, may not have a sign-up or first deposit bonus but they can always take advantage of the other bonuses legally allowed by the state to increase their wagering profits.