Bonus bets in Victoria
One topic that generates a lot of discussion amongst sports betting fans is the availability of bonus bets offered to residents of Victoria, Australia. There is confusion around the topic due to classifying exactly what a bonus bet is.
The Victorian State Government has banned free bet offers to new customers in return for opening a new account. Following the Victorian ban, the Federal government banned all sign up offers as of 26 May 2019.
What is a bonus bet?
Firstly, it’s important to understand that there are different types of bonus bets. The most popular bonus bets used to be those offered by Australian bookmakers to new customers, often referred to as sign up or deposit bonuses. However, there exists other forms of bonus bet promotions, including: reload bonuses, bet refunds, early payouts and price boosts. We refer to these as betting promotions or bonus bet offers, and; they typically are available to Victorian residents. Bonus bet offers vary with each bookmaker, and for each account. Some betting sites offer them, but do not promote them in any way, shape or form.
In Australia, gambling is regulated by State Government legislation. The Victorian Gambling Act legislates against bookmakers making free bet offers, or enticing new customers with the promise of bonus bets. Details of the Act can be found on the Victorian Commission for Gambling website.
So how can you get a bonus bet?
We are unable to promise that you will receive a bonus bet by participating in betting promotions. Betting offers are entirely at the discretion of the bookmakers, and depend on:
- The state in which you live
- The bookmaker you choose to bet with
- Your individual circumstances
We recommend registering with a leading betting site
We have established that we cannot guarantee that you will be able to participate in any betting promotions. All that we can do, is point you in the direction of leading betting sites and focus on their value-add features.
Focus on value-add features
In summary, yes, as per the law, Victorians are not entitled to bonus bets when they register a new account with a bookmaker, and; receiving offers from a betting site is done on a case-by-case basis.
We recommend, focusing on features that bookmakers do provide like:
- Live streaming
- Competitive fixed odds
- Racing form and tips
- Reliable betting apps
- Superior horse racing bet types
In the process, you may just land yourself a value bet somewhere along the way.