A common Welcome offer if you are joining a betting site in the UK is one where you deposit, place a qualifying bet, and as a reward get a Free bet to try again. There are all sorts of variations on this and so in this article we will look at offers that require a £5 qualifying bet to get £20 in Free bets.
What Are Bet £5 Get £20 Offers?
As the name suggests these offers require a bet of £5 to be made, often above a minimum odds level and sometimes on a specific sport or event, but it is just as common to be able to bet on anything. The £20 offer is sometimes credited as a Free bet and sometimes as bonus money. As a rule the difference is that a Free bet must be placed for that amount (in this case £20), on one selection. If you are given £20 of bonus money then you can bet this as £20 on one thing, but you could also bet on two things for £10 each, or twenty different things for £1 each. Bonus cash is much more flexible than Free bets, but they are both types of sign up offer promotions.
Our Top 3 Bet £5 Get £20 Free Bet Offers
The number of Free bet offers on the market will constantly be changing, and although they will all be similar there will be slight differences in the T&C's. Taking that into account we list out top three "Bet £5 get £20" offers below.
Coral – GET A £20 FREE BET WHEN YOU BET £5
The Coral welcome offer is simple and easy to use, with 14 days given between registration and your first bet being settled. The minimum odds required are just 1/2 (Decimal 1.5) and you can bet on any sport.
Low minimum odds required
Can bet on any sport
Ladbrokes – £20 IN FREE BETS, KER-CHING. Bet £5 to claim yours
Bet just £5 at Ladbrokes on any sport at odds over 1/2 (Decimal 1.5) and as soon as the bet has been placed you will be given 4x £5 Free bets to use. The Free bets are valid for seven days and can be used on any sportsbook market.
Four smaller £5 bets for flexibility.
Free bets are credited instantly on bet placement.
Sky Bet – Bet £5 & get £20 in Free bets
New SkyBet customers can place a £5 bet at odds of evens or above (Decimal 2+) and then when it settles have £20 of bonus cash to use. This money is essentially Free bets, and you have the choice of betting £20 on one bet, or splitting it into multiple smaller bets. On your bet slip simply input your desired stake amount and click the little "gift box" icon next to it, and then your stake will come from your bonus cash.
Bonus cash provides maximum flexibility.
Qualifying and Free bets can be used on Price boosts.
Bet £5 Get £20 Sign Up Bonus – How To Get It
Every bookmaker will have different processes to the next and so there is no universal "How to claim". However, even though they will vary slightly from bookmaker to bookmaker but they will all likely follow this general path".
Register for a new account at the bookmaker.
Deposit the required minimum amount using a valid payment method.
Place a bet with a stake amount of £5
Betting Tips to Make the Most of Bet £5 Get £20 Offers
Once you have the Free bet credited to your account how you use it is up to you but there are a few things that you might want to bear in mind.
When you place the initial £5 bet it is always a good idea to look for value. If it can be used on any enhanced priced odds then do that, as long as this is still above the minimum odds required.
When it comes to using the Free bet, to get the most value out of it longer odds are better than shorter odds, and we will show you why below:
If you bet a £20 Free bet at odds of evens then in the long run you will win one then lose one, then win one, then lose one, etc, etc. So your results are +£20 then £0 (it was a Free bet), then +£20 then £0, etc, etc. On average over the long run your profit will be £10 for each time you bet, this is the "Expected Value" known as the EV.
To raise the EV you can simply bet at longer odds. Say you find odds of 10/1 then you place the £20 Free bet on this. Now what will happen is that you will have 10 losing bets returning nothing for everyone that wins, and that one will return £200 (£20 x 10). So now over the long run your average profit will be much more. Every eleven tries you should win £200 so that is an average (or an EV) of £18.11.
You have raised the value of the Free bet by just over £8 but the cost of this is the variance. You will lose and get nothing at all a lot more times than betting at evens. That is the trade-off which you face and the decision of exactly what bets to place and what odds to use are entirely up to you at the end of the day.
Frequently Asked Questions
All offers will have slightly different ways to claim but as a rule you must deposit with an eligible payment method, place a bet of £5 or more at above the minimum odds level (over evens is usually fine), and when that bet settles the Free bet will be added to your account automatically.
The sites that offer "bet £5 get a £20 Free bet" can and do change all the time. At the time of writing some of the bookmakers who do are Coral, Ladbrokes, and Sky Bet.
Every offer will be different and have different T&C's but as a rule more often than not yes your £5 qualifying bet can be used on any sport.