Buckscoop > Deals > Sports > SportingBet free bets worth $100 on $30 deposit - PLUS $22.50 cashback!

SportingBet free bets worth $100 on $30 deposit - PLUS $22.50 cashback!

Posted By: jayne, posted 2007/03/31 09:58
SportingBet are currently offering a free bet worth $100 if you sign up to them, and make an initial deposit of $30. Alternatively, if you make a $100 initial deposit, they will give you bets worth $200. PLUS on top of that all, they are giving you $22.50 buckscoop cashback - completely for nothing!!

You could really be onto a winner if you play this deal correctly!!
44°-+
  • jayne2007/04/01 00:59:18
    Full T&Cs, pasted here for reference:


    When you join Sportingbet Australia, you have the opportunity to receive $200 worth of Free Bets if your initial deposit is $100 or more.
    You will receive the first $100 Free Bet when your initial deposit is a minimum of $30 and this can be placed on any market available at the time of placing the bet.
    If your initial deposit is $100 or more, you will receive a second $100 free bet which can be placed on the NRL or AFL Premiership markets or any Feature Race market available in the Free Bet menu.
    $200 in Free Bets on $100 Deposit - Terms and Conditions
    [LIST=1]
    [*]The 'Join and Fund' Free Bet promotion means that new members who open and fund their account with a minimum of $100 will receive $200 in Free Bets.
    [*]Only one 'Join and Fund' Free Bet per member and per residence is allowed and each member must fund their account with a minimum of $100 using their own credit card or own bank account.
    [*]Free Bets will only be awarded on the first funding of the account.
    [*]Prior to any withdrawal, both the $100 minimum deposit and any bonus funds accrued via Free Bets must be turned over at least once (1x).
    [*]The first $100 Free Bet may be placed on any Sports or Racing market available at the time of placement, however only one Free Bet (from any promotion) can be used per event or match.
    [*]The second $100 Free Bet may be placed on the NRL or AFL Premiership markets or any Feature Race market available in the Free Bet menu.
    [*]For winning Free Bets, winnings will be paid excluding the initial $100 Free Bet stake. This means that if the Free Bet is placed on a selection paying $2.15, the net winnings paid will be $115, (i.e. $215 less the $100 Free Bet).
    [*]All Free Bets are intended for recreational gamblers only. Players considered to be abusing the bonus system by any means (or breaching these terms and conditions) may have bonuses revoked or cancelled.
    [*]If the identification requirements have not been met within 90 days of opening an account, the free bet and/or any winnings resulting from that free bet will be declared null and void.
    [*]The maximum winnings payable on any $100 Free Bet is $10,000 (i.e. maximum odds of $101).
    [*]Free Bets will expire 30 days after the bet has been awarded if it has not been used (the event can be any time in the future).
    [*]Sportingbet Australia reserves the right to cancel, change or suspend this promotion at any time without notification.
    [*]This promotion cannot be used in conjunction with any other offer from Sportingbet.[/LIST]
  • nod2007/04/02 03:48:14
    That is a great offer. The gambling guys must make a fortune to be able to make those deals.
    :) Would be awesome if you had a huge win though
  • jumpingjack2007/04/02 07:19:23
    Hmm not sure about section 7. Doesn't that say you don't actually get to keep your winnings if you win? or do I not understand that?
  • jayne2007/04/02 07:21:36
    From the looks of the T&Cs, if you win, the $100 comes off the total. So if you won $10,000 for example... (!) they would give you $9,900 ...
  • jumpingjack2007/04/02 07:40:09
    Ok - but according to section 4 you need to turn over the $100 at least once? To get that back you would need to win it right? If you "break even" you don't get any of the $100 because $100 is deducted...however anything over that you would get to keep.

    Just trying to think through it that's all! I'm not very good at this betting malarky :)
  • jayne2007/04/02 07:52:28
    Sounds about right. However, it's only costing you $30 to get the $100 free bet. And if you count the $22.50 bucky cashback then you're kind of only paying $7.50 to get $130 worth of bets...

    I think!
    It's a bit complicated, and with this kind of deal you do have to be sure and read the full T&Cs before committing.

    P.S. I haven't tried it yet myself, so if anyone does, let us know how it goes!
  • shari912007/04/15 16:43:50
    DON'T DO IT unless you have no intention of actually winning any money or aren't planning/hoping to withdraw it.

    Long story short - I just wasted 15 minutes posting the whole saga just to see the entire post vanish into thin air :mad: - I took advantage of the BuckScoop deal on Easter weekend (still waiting for that one and several others to be tracked :whistling:). I deposited $100 and started betting on Sydney Derby Day as they were showing it on 9 here in Melbourne.

    My third bet in, I won $386. Pretty good, right? I continued to win a little here and there and when it came to the Derby race, I figured it was a good time to use my $100 free bet as I knew the owner of one of the horses in the race through a friend-of-a-friend. Needless to say, the bloody horse won, earning me $690 ($790-$100 free bet which SportingBet keeps). After a few more bets, I figured that I'd had my luck for the day and called it quits.

    Yesterday I tried to cash out, after gathering together and forwarding SportingBet the requiste Passport, copies of the front and back of my credit, my most recent credit card statement and a recent utility bill (don't even get me started about that process). I received an email back from SportingBet today informing me that I can't withdraw ANY of my money until I've turned over my entire winnings from the free bet: $690. As I had already bet another $161.80 after winning, I need to bet another $498.20 before they'll allow me to have access to ANY of my cash, including the money I had won before I'd even placed the free bet.

    In an ideal world, I would have had the facilities to gather and forward SportingBet all of the documentation needed to withdraw and have them verify me BEFORE I had placed the free bet so I could at least take out the cash I had earned up until that point. In reality, I'm not going to spend ages on a gambling site and as I was watching the Sydney Derby live on TV, during Easter Weekend, I figured that was the best time as any to make the bet as I had access to the commentary, expert opinions, etc... And truthfully, I probably would've forgotten about the whole free bet thing if I hadn't have taken advantage of it that day.

    Needless to say, I am very confident that I will lose a large chunk of that $498.20 on the bets I'm forced to place to fulfil my "turning over" requirements in order to access my cash, which I'm confident is exactly what SportingBet is banking on happening. But as it's the only way to get ANY of my cash out, because at this point I would have been prepared to just forget that free bet even happened, then I guess this is what I need to do.

    Sorry for the long post, but I advised SportingBet that I would be giving my fellow BuckScoopers the true story re the free bets just so everyone can make an informed decision with respect to accepting this deal. I'm normally not such an angry, ranting cow but really, I can see why people get sucked into this whole gambling thing and I feel as though they're forcing me to gamble in dollar values that I'm not comfortable with just so I can get the money out that I was "lucky" enough to win before I even made this bloody free bet. :(
  • jayne2007/04/15 18:51:39
    shari91;3489
    I received an email back from SportingBet today informing me that I can't withdraw ANY of my money until I've turned over my entire winnings from the free bet: $690. As I had already bet another $161.80 after winning, I need to bet another $498.20 before they'll allow me to have access to ANY of my cash, including the money I had won before I'd even placed the free bet.




    Hi Shari, welcome to buckscoop and I'm glad you decided to share your experience.

    I've just had a quick read down the T&Cs on sportingbet, and I cannot see it anywhere that you have to bet all your winnings. The most I can see is this:

    24.
    If a Client receives a bonus that requires a deposit to be made to claim the bonus, both the deposit and the bonus must be wagered.


    You've bet the $100 bonus, and haven't you bet the $100 deposit too - to me this would mean make bets of about $200 to fulfill this stipulation.

    Unless there's something else in the T&Cs I have missed?
  • shari912007/04/15 20:39:46
    Hi Jayne -

    Here is a section of the email I received:

    A review of your account shows you are trying to withdraw part of a deposit with a bonus attached not yet turned over (bet with).

    Terms and conditions attached to the $100 free bet as found in Sportingbet Australia Rules:
    1. The 'Join and Fund' Free Bet promotion means that new members who open and fund their account with a minimum of $30 will receive a $100 free bet.

    2. Only one free bet per member and per residence is allowed and each member must fund their account with a minimum of $30 using their own credit card or own bank account.

    3. Prior to any withdrawal, both the $30 minimum deposit and any bonus funds accrued via free bets must be turned over at least once (1x) prior to funds being withdrawn.

    They have reiterated to me in a follow up email that I must bet all of my winnings that I earned via the free bet - $690 - in order to be able to withdraw (see number 3).

    Hope this helps and thank you for the warm welcome :)
  • jayne2007/04/15 21:56:07
    But I was wondering Shari, is that explicitly stated anywhere in the T&Cs on the site, rather than just in the email to you? If it is not, then you would not be in breach of any T&Cs... but it has to be written on their site somewhere to be binding.
  • admin2007/04/15 22:02:52
    Hi Shari91

    sorry to here about your hassle with Sporting Bet. We will read the terms and conditions and see what we can make of it. No promises but we shall see if there is anything we can do to help you.
    Thanks for the awesome post though. It is good to have feed back on the merchants we have listed.
  • nod2007/04/15 23:20:22
    Shari91

    We have had a read of the terms and conditions and it appears that Sportsbet do state that you need to bet the free bet and any bonus you win on that free bet before you can withdraw.

    "4.Prior to any withdrawal, both the $100 minimum deposit and any bonus funds accrued via Free Bets must be turned over at least once (1x)."
    I just copied this from the terms and conditions posted by Jayne above.

    If you know of another 'safe' bet then it may be worth it. But I guess in the nature of gambling nothing is 'safe'.

    Good luck with retaining your winnings
  • nod2007/04/15 23:24:23
    Shari91,
    with regards to the tracking of your cashback the time it takes depends on the merchant. Some are very organised and the tracking occurs in days, but others can take some time.
    If you want me to chase something for you then PM me or submit an earnings enquiry and we will look into it.
  • schlemster2007/04/15 23:26:38
    guess this is how they make so much money hey?
    hope you can beat them at their own game and get your money shari
    good luck
  • shari912007/04/16 00:02:17
    Thanks for all the kind words everyone! And an extra big thank you to Nod and Admin for trying to help me out but in actuality, I think I'm stuck betting on that site until I've turned that money over (I feel like such a gambler now that I'm using the official vernacular).

    I think I'm just going to watch the Footy Show on Thursday, read every "expert" tipping site I can get my hands on, and place a bet on the closest thing to a sure thing I can find in the AFL. Sure, I'm a Canadian stranded in Melbourne who knows NOTHING about AFL, but living in Melbourne some of the fevered obsession toward the sport just HAS to rub off in a positive way, no? Obviously not the smartest course of action, and I'm a little worried that in the slight chance I win that bet those earnings will be deemed as "bonus winnings" and need to be turned over too but I just want to be done with the whole thing.

    Thanks again everyone. And Schlemster, if by some chance I do win that bet, I'll shout you a drink. I'll keep you posted :)
  • nod2007/04/16 18:02:34
    Sounds like a good idea :)
    I am sure all the members at Buckscoop can keep their fingers crossed for you - just let us know when we need to start
    :D
  • jumpingjack2007/04/16 19:00:42
    Can you hedge a bet against itself shari91? That way you can't lose? So if you had an event with only two outcomes you could bet on either side of it?
  • shari912007/04/29 00:44:43
    jumpingjack
    Can you hedge a bet against itself shari91? That way you can't lose? So if you had an event with only two outcomes you could bet on either side of it?


    Ah, jumping jack! That is EXACTLY what I did. My boyfriend is a mathematician (seriously - phd and all) and after ranting that I should go on A Current Affair and "bust those buggers", he sorted out a way for me to do it by truly risking the least amount of money.

    Unfortunately, I didn't feel comfortable betting on European football, and horses and greyhounds don't fit the bill as you really need only 2 teams (or people) competing against each other to make this work so I chose AFL. For the past couple of weeks I forgot to log on - which was a thankful occurence considering the upsets last weekend - but today I did. ALONE. No Mr Maths available to help.

    I was stuck between two theories: Bet a lot on a sure thing and cross your fingers that they're not upset, this way allowing you a chance for a win that will leave you with a smidgen more money than you started with, or bet an equal amount on two teams that have close enough odds to each other that it won't affect you much who wins and pray to the gods that they don't tie.

    Against every gambling instinct in me, I picked the latter - Brisbane and Carlton. 1.82 vs 2.00. So I originally bet $200 on each, surmising that my total loss would be around $45, but after recalculating, I discovered I had to turn over another $91 of the money, so I stuck another $50 on each.

    In the end, Brisbane won and I've ended up with $705.70 in my account from the $759.70 I had before tonight. I can live with a $54 loss from money that I partially acquired from a free bet, and told SportingBet as much when I IMMEDIATELY submitted my withdrawal request. Part of me is a little peeved that they got the $54 out of me, but all in all, I'm just thankful that this debacle is over. Thanks for all the support everyone! :)
  • nod2007/04/29 03:01:38
    Thats fantastic Shari. Thanks for coming back to tell us the end of your saga. I am very glad to hear it all worked out for you in the end
    I guess no more online betting for you then ;)
  • jayne2007/04/30 08:33:37
    So Shari, from your deposit of $100, you've been able to withdraw $705, making you about $605 up - if I'm reading it correctly? I can understand that it's been more hassle than you need, and this offer might really only appeal to people who use gambling sites anyway...

    Well, I'm glad the debacle is finally over anyway!!
  • jumpingjack2007/04/30 10:33:13

    In the end, Brisbane won and I've ended up with $705.70 in my account from the $759.70 I had before tonight. I can live with a $54 loss from money that I partially acquired from a free bet, and told SportingBet as much when I IMMEDIATELY submitted my withdrawal request. Part of me is a little peeved that they got the $54 out of me, but all in all, I'm just thankful that this debacle is over. Thanks for all the support everyone!


    Awesome! Way to go shari91 :D To be honest I still haven't dipped a toe in on this one so if you have any suggestions or tips let me know as it's pretty tempting I'm just not sure what to do to make sure I don't lose!
  • Brad2007/05/20 13:29:29
    Wow! Cashback for this offer has raised to $31.45 for making a $30 deposit. :w00t:

    You can now gain $1.45, and go have your free bets! :)

    Just got my hot vote.
  • Brad2007/05/20 13:31:27
    Is gaining money enough to tempt jumpingjack? ;)
  • jumpingjack2007/05/20 19:23:10
    hmmmm I'm going to take a look when I have some time later on. It sounds like a no brainer?
  • admin2007/05/20 21:14:53
    shari91;4245

    In the end, Brisbane won and I've ended up with $705.70 in my account from the $759.70 I had before tonight. I can live with a $54 loss from money that I partially acquired from a free bet, and told SportingBet as much when I IMMEDIATELY submitted my withdrawal request. Part of me is a little peeved that they got the $54 out of me, but all in all, I'm just thankful that this debacle is over. Thanks for all the support everyone! :)


    :) - love the updates on how it all went and glad to hear you'll get the buckeroonies out of them. Good stuff.
  • jayne2007/05/20 21:29:05
    bradlesztyles;5654
    Wow! Cashback for this offer has raised to $31.45 for making a $30 deposit. :w00t:


    Wow! :eek: That's Brilliant! It's like free money!

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