As a resident of Western Australia, the new gambling rules on bookies might have come as a surprise and you may not be sure about what exactly it entails. Well, following the update to the Interactive Gambling Act in 2017, a National Gambling Framework was implemented banning bonus bet offers to customers opening new accounts. This act under the new National Consumer Protection for Online Gambling stated that there would be no more free bets, rewards, deposit bonuses, and sign up offers to be offered by bookies or betting sites.
This ban may have stopped the use of sign up offers and deposit bonuses but all is not lost for customers looking for bonus bets in Western Australia. There are still other bonus offers that bookies and betting sites provide their customers with. However, you must understand that bonus offers are only provided to existing customers, which means you must sign up to a betting site, which usually takes a few minutes before you can use the bonus offers provided by the bookmakers.
The most common bonus offers currently offered include early payouts, odd boosts, double winnings and losing bet refunds. To benefit from these bonus offers, you must have an existing account with the bookmakers or betting sites.
An early payout is a popular form of bonus found in most bookmakers. When you have an ongoing bet placed that doesn’t seem to be going the way you expect it to, you can cash out the stake just before the end of the event. If the match loses, you get to return your initial stake and possibly receive a significant bonus.
With odd boosts, the bookmakers or betting sites change the fixed price of an outcome by increasing it gradually. This increase in the outcomes is done on select matches such as finals or tie-breakers. The inflated price boosts the value of the odd placed giving you the opportunity to earn a higher profit from your bet.
A bookmarker may decide to offer bonuses in the form of double winnings. It is a way of enhancing the odd bonus by doubling the expected outcome of your bet. The bonus is only available to members who are registered on the site, logged in, and have placed a bet. It is offered by specific bookmarkers and betting sites as a way of rewarding their loyal customers.
Some bookmakers in WA also provide another type of bonus in the form of refund for a lost bet. The bookies actually give a refund on your stake after you lose a specific bet as a free bet, a bonus bet, or even cash credited straight back to your account. Refund bonuses are, however, subject to the bookmaker’s terms and conditions.
With the ban on free bets and first deposit bonuses for new members, bookmakers and betting sites still provide an opportunity for the members to enjoy a wide range of bonuses. If you wish to take advantage of these bonuses, you’ll first have to register an account with a bookmaker as the bonuses are only available to existing customers.