No Lose Bets
A No Lose Bet ia an increasingly popular type of new player bonuses given by Online Bookies. Often more generous in amount than a Free Bet Bonus, you only get your Free Bet Bonus if your qualifying first bet loses. This is the main difference to Free Bets.
There is no such thing as a bad bonus, as long as it is a fair one without unreasonable terms and conditions No Lose Bets are a welcome addition to the list of bonus types available to punters new and old.
Top No Lose Bets
ABOUT NO LOSE BETS
A No Lose Bet is very simple, it will often be called an Insured Bet in some promotional terms from bookies. More and more these bets are replacing the traditional Free Bet Bonuses being offered.
The No Lose Bet is often a larger amount than the Free Bet would have previously been, but your bet has to lose for you to get your No Lose Bet.
How do No Lose Bets work?
No Lose Bets tend to work in almost the same way that Free Bets do, as in there are qualifying terms and conditions you need to meet. This is often where the wager you qualify with needs to be your first bet, usually, it has to be of £10 but this does vary from bookie to bookie. You will also need to be careful on the bet type and also meet a minimum odds requirement.
If you meet all of the above criteria, and the qualifying bet loses then the No Lose Bet comes into play. You are sometimes given a simple cash refund, but this is rare. The vast majority of No Lose Bets, or Insured Bets, are paid out as Free Bets.
Now I have a Free Bet?
In the vast majority of cases, yes! Your No Lose Bet will almost always be paid out to you in the form of a Free Bet. The Free Bet will almost always have the same terms and conditions as a Free Bet, or the initial qualifying bet had.
As always be careful to ensure you carefully read the full bonus terms and conditions before taking a No Lose Bet or before you place the Free Bet.
What If My First Bet Wins?
If the bonus you took was a No Lose Bet, then you just get your winnings. You will not get a Free Bet and your winnings. If you prefer a standard Free Bet Bonus then take a look HERE at the Free Bet Bonuses that The Bonus Daddy recommends.
The Bonus Daddy Says
Nobody likes losing, so these bookies promotions are great. I often use them when I want a bet on something that where my heart is close to ruling my head, I can’t justify the bet on form but I really want to take a punt. These No Lose Bets are just about perfect for that.
In general, I prefer a straight Free Bet, as at the end of the day if your bet wins you end up without a bonus at all. With Free Bets you get that Free Bet if you win or lose. But as it goes, I do take No Lose Bet’s when offered.
Always be careful and read the terms and conditions, but that goes for any type of bonus and you should all know that by now. So have fun, knowing that whatever bet you make, you can’t lose!