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What is the difference between Forex and binary options?
Difference between binary options and Forex
Today I will answer one of the most frequently asked questions in the world of trading: what is the difference between Forex and binary options ? In my article you will find detailed answers to the questions «What are binary options?», «How do binary options work?», and «Can I make money on binary options?» I will also share my opinion on which of those is better and more profitable.
New option for instant profit
About 10 years ago, most brokerage companies specializing in exchange markets suddenly started promoting a new «super service» – binary options. At that time, few people understood what they were, but the thirst for instant profit made this tool very attractive. It was an exclusive offer for that time, because it was basically a pocket casino, but with constant online access and a low starting amount. Enough time has passed now for the consumers to start realizing that binary options is not such a brilliant tool, and that you lose more often than win. In order to assess this tool, you need to understand what it is.
What is a binary option?
So what is a binary option? To answer this question, let’s look at its structure. The name itself consists of two words – binary and option. The word binary is a derivative of the concept of “binary model” – a model that has only two options for the occurrence of an event: either “yes” or “no”. This model is one of the foundations of the tool: you either win or lose, there are no other options. The word option however derives from real stock options. Stock option is a derivative financial instrument, which is based on the rule that the contract is executed in the future in case some pre-agreed condition is fulfilled.
By combining these two concepts we get a tool that works according to the rules of the stock contract and has only two options for the occurrence of the event. In other words, if you conclude such a contract, you either win or lose.
Let us consider the operation of binary options based on the most popular contract parameter – Higher/Lower. This type of contract means that you choose the target price level and direction of the trade. For example, you believe that the EUR/USD currency pair will decline over the next 5 minutes. You select the reference level and buy a put option. Therefore, if the price is below this level in 5 minutes, you make a profit, and if higher – you lose. All you need to do is choose a bet size, for example, $50, and you are ready to go.
Our option position will look like in the chart above. Everything below the red line is our profit, and everything above is loss. The main distinguishing feature of such a contract is the fact that it does not matter how many points the price goes up or down – our profit or loss is always fixed.
So, 2 minutes passed after the conclusion of the option contract, and during this time the price went below our reference level. Therefore, if our option expired now, we would receive a profit of 80-85% of the bet.
Another three minutes later, our option has expired. But alas, the price soared at the very last moment and went above our reference point, thereby bringing us a loss in the amount of our $50 bet. It is quite simple.
Of course, there are many variations of binary options, but we will talk about them more when comparing them with the Forex market.
What is the difference between Forex trading and binary options?
We will compare these two types of trading based on the most important parameters:
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1) Range of contract types
There is only one type of contract on Forex. Of course, you can trade in currency pairs, CFDs, commodities, or securities, but all these are just variants of the same type of contract – a contract for difference (CFD). If you buy a currency pair and its price increases, you will receive the difference between the purchase price and the subsequent sale price.
There are several types of contracts on binary options: the most populat Higher/Lower that we have already examined, One-Touch option where you need to wait until a certain level is reached, Range option where you need to specify the target price range, and the most profitable Ladder option.
2) Amount of potential profit
On Forex, your profitability is unlimited. Of course, you can limit it by placing orders, but if we talk about a simple directional position, it can generate profit until you close it yourself at the price level of your choosing. Quite often you open a position, and in just a few minutes the price rushes a lot of points, bringing you much more profit than you expected.
When trading binary options, your profit is always limited by the type of contract selected. And, most importantly, your profit can never be greater than your bet. If you bet $100, you will get $90 in the best case. If you lose, you lose all $100. Of course, there are options for other types of contracts, but in any case, the proportion of success will always aim for unprofitability. However, the dealers of these options are always in profit.
Example of the sly operation of binary options:
I’ll make a bet, for example, in the AUD/USD at $1,000. The moment I click the “buy” or “sell” button, the bid amount – $1,000 – will immediately be deducted from my balance.
– If I guess the bet right, I’ll see that “the profit is $1,710”, while in fact it is only $710 (as we remember, $1,000 were deducted from me when I made the bet was opened and returned when I won).
– If I guess the bet wrong, I’ll see that “the profit was $0”, but I already lost $1,000, and in the case of loss, these funds will not be returned to me.
It looks fine, but in fact the loss is always greater than profit in the same option.
On Forex, with the same position and equivalent price movement up or down, profit/loss will also be the same.
3) Margin trading opportunity
On Forex, margin trading has perhaps reached the highest degree of development. Forex brokers give you leverage in almost any range, from 1:2 to 1:1000, and even more. Of course, such a colossal amount of credit capital provides us with virtually unlimited opportunities for profit, which sometimes is 1,000 times higher than our invested capital.
There is no such thing as margin trading in binary options, only bets. If you have $100, then you can only make operations with these $100. This is definitely a disadvantage in the modern trading.
4) Easy conclusion of trades
It is universally agreed that Forex has the simplest and most modern trade conclusion system among all exchange markets. A trade conclusion system is defined as the process from the analysis to the moment your order is placed on the market. There are various trading platforms, some with advanced functionality, however, mastering them is not that difficult.
In binary options, the trade conclusion system is even simpler than on Forex. In essence, the whole trade comes down to choosing a trading instrument, option type, execution time and pressing the “buy” or “sell” button. We will not talk about the effectiveness of this operation, but the chances are about 50/50.
5) Duration of the trade
On Forex, all contracts are unlimited in time, and therefore, they do not have expiration. This means that when you enter into a position, you can wait out the period when the price is not where you expected it to be. Yes, there are commissions that can harm your deposit, but this is another topic.
In binary options, all contracts have expiration time. All types of options have a limited lifespan, so you cannot “wait out the storm” like on Forex. This type of contract completely eliminated the investment component, leaving only pure speculation.
6) Minimum starting capital
On Forex, this line is almost erased now, and you can start trading even with only $10. But you should understand that the smaller your initial investment, the greater leverage you need from your broker, and this increases the risks greatly.
In binary options, the minimum starting capital can be even $1. But in this case, your income will be just as low. Perhaps this can be quite enough for someone who wants to just get acquainted with these contracts,.
Taking into account the above, we can conclude the following:
This is a market in which, like on the stock market, laws of supply and demand apply. Trades are concluded at various time intervals, however, as statistics show, trades over long time periods are most effective and more often profitable. On Forex, much attention is paid to technical and fundamental analysis. There are a huge number of different systems for managing active positions, which allows you to profit even from completely hopeless trades. The proper use of margin trading can greatly increase your investment capital, which will allow you to get much more profit. Naturally, success on Forex requires market analysis, a trading strategy, experience and use of informational materials. This market cannot be conquered abruptly. In order for a Forex trader to start earning from each trade, they need to undergo training and gain experience.
The binary options market is an OTC market, or rather, it is not a market at all, since binary options brokers are simultaneously liquidity providers, market makers, and in fact anyone else they wish to be. In most cases, the quote is just a projection and has nothing to do with the real price of the asset. And in the case of turbo options, brokers simply invent the quote that is profitable for them against the pool of their players. In reality, a binary options broker is a bookmaker that broadcasts whatever it wants to its customers. A high commission for a profitable trade makes the popular 50/50 exchange ratio completely unprofitable, since you will never earn as much as you invested. The profit on the same option will always be less than the loss. In general, binary options are a casino or an addictive game that has nothing to do with real trading on the financial markets. Options are a game played according to the rules of the owner. You can test this on a demo account of any binary options broker.
In this article, I have provided my personal opinion, which is supported by practical experience in the development and implementation of various exchange contracts. I really like the model of “real exchange options”, which I consider to be the best of all exchange contracts, only it has nothing to do with binary options. In the end, choosing the market is entirely up to you. I can just wish you good luck.
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Price chart of EURUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
Best Binary Options Brokers 2020
Over the last several years, the number of binary options brokers has changed a lot. Binary Options so a boom in 2020 – 2020 and almost vanished in 2020. Many binary brokers have lost market shares as several large jurisdictions such as EU and Canada have banned retail traders from the binary trading instrument. There are still some brokers out there that are behind the times on our blacklisted brokers list, and these should definitely be avoided. It’s a far better use of your time to pick one of the top binary options brokers in the market.
Binary Options Brokers List
It’s important that you are aware of where binary options, brokers, and the state of trading in general are right now, and that you have a good idea where things will be going in the near future.
One of the biggest features that has changed over the years, are the number of binary options robots and mobile trading applications that are available. Let’s take a quick look at these things so that you can help position yourself to get the best results possible over the coming months.
HOW TO: Find the Top Binary Options Brokers?
You want to choose a top binary options broker. This is the best way to help yourself succeed. Even a great trader can lose money if they don’t have a great site and top platform on their side.
That extra couple of percentage points when it comes to rates of return, the increased freedom in asset choice, and the specialised exotic options all contribute toward giving you a better chance of making money.
If you trade $100,000 per year, and can increase your profit rate by 2 percent, you’ve suddenly made an extra $2,000 per year*–just by picking a better site.
6 Things to Look for When Choosing the Best Binary Option Brokers
If you’re looking for a new binary options broker, you probably have questions about which one is the best. This is a valid question. Having the best broker on your side drastically reduces the amount of risk that you will have, and it ensures that your money is doing what you intend it to do.
A good broker won’t necessarily make you a profitable trader, but it will go a long way toward ensuring that you aren’t losing money needlessly. All traders have different needs, so it’s important that when you are looking for a new broker, you don’t just choose the one that everyone else says is great. You really need to look at your individual situation.
Each person will have different needs when it comes to a broker. Before you begin your search, decide what you want to trade, the timeframes over which you’ll trade it, and your basic amounts. Before deciding the amounts you should take a look at our articles series covering the binary options basics.
Next, find a place that caters to traders in your area, meets all of your requirements, and has high rates of return. This will give you a basic framework for starting your search. Avoid sites that are gimmicky or have unfavourable conditions for their traders. These might not be outright scams, but they are certainly not there to help you make money. There’s a difference between running their business and swindling you out of your cash. Make sure you read about our blacklisted brokers.
With that said, here is our list of the top things that you should look for when choosing the best binary options broker for you.
Is the broker that you are looking at legally allowed to operate where you live? Because of the internet, you can access websites from all around the world, but that doesn’t mean that you can just choose to work with any broker you want.
Before you decide which broker is best, make sure that they are allowed to accept traders from your country, and that your country or region of residence allows you to trade at their site.
For example, traders in the United States cannot legally use a broker regulated by the Cyprus Securities and Exchange Commission (CySEC), but need to stick with NADEX since they are regulated within the U.S.
24option is one the few brokers that has constantly stayed ahead of regulations to avoid fines and to keep their integrity intact. You can read more about them in our 24option review. 24option was originally operating in US, Canada and EU but was quick to stop this when advised to do so. Other binary brokers that launched at a later date took a different approach. In our OlympTrade review you will notice they never accepted customers in USA or EU simply because they didn’t believe it was worth the risk nor beneficial to obtain the licenses required in these jurisdictions.
Some brokers have better reputations than others. You don’t want to deposit money with a broker that has a reputation for poor quality financial transactions, for example.
Even if you never experience a problem on this front, working with a broker that drags its feet when it comes to processing withdrawal requests is a dangerous thing to do. Also, not all brokers uphold the high standards that you deserve from your binary broker.
You want a broker that is fully regulated by a high-quality regulatory body. For example, the Australia Securities and Investment Commission (ASIC) in Australia, CySEC in Europe, the Financial Sector Conduct Authority (FSCA) in South Africa or the Commodity Futures Trading Commission (CFTC) in the United States are all considered to be the best regulatory bodies in their respective regions.
An unregulated broker might have pure intentions, but there is a much higher risk to your cash when you work with one.
3: Ease of Use
The broker that you decide to use should be easy to navigate. They should have a platform that you can use with ease and not make careless mistakes.
If you can, you should definitely try out the free demo account that your binary options broker offers. If you’ve never used a site before, there’s a chance that user error might come into play, and you could make a mistake. Testing out the site in a risk free setting with a no risk demo account using fake money alleviates the chances of this happening.
Also, all transactions with the site should fit your needs. We hinted at the need for smooth financial transactions earlier, but this is a must. Your broker should make it easy to put money in and get money out of your trading account.
The broker does need to follow the law when it comes to financial transactions, and you should not expect them to bend the rules for you, so knowing the regulations and what you need to do on your end to make transactions smoother will be an easy way to make this experience even more pleasant.
Some brokers return more than others. Even the difference of a few percentage points here or there can make a big difference over the course of time.
Let’s say Broker A offers 78 percent on the asset you like to trade most, while Broker B offers 80 percent. With all other things being equal, choosing the larger number can mean thousands of extra dollars in profits.
If you risk $50 per trade and make 1,000 trades in a year (less than 3 per day), you are potentially gaining $1,000 extra in profits over the course of time by going with the better return. Most traders make many more trades than this per year.
5: Educational Material
When your broker offers you free resources to help you become a better trader, you know that they are more likely to be on your side. These come in a lot of different forms: free eBooks, webinars, strategy videos, economic calendars, blogs, and news feeds are some of the more popular resources.
All of these things are available for free around the web, but having a broker supply them for you can make your life a lot easier so that you don’t need to search around and find the tools you need to improve.
Lucky for you, Binary Options University was created for this exact purpose. The website has one of the best binary options education sections you will find, full of all the guides to touch no touch binary options like you will need to become a successful trader.
Some brokers offer you a bonus when you make your first deposit. Although this can be helpful, it’s really the last thing that you should consider when choosing your broker. But why? Isn’t free money a good thing?
Yes, free money is nice, but that’s not quite what a bonus is. In fact, brokers want you to think of a bonus as free money to you because it is good business for them if you do so. Why wouldn’t you want an extra $500? However, because most bonuses are so hard to unlock, most traders never actually get to see their bonus cash.
Brokers require you to trade at least 30 times the bonus amount if you want to see your bonus returned to you. So, if you received a $500 bonus, you would need to trade $15,000 worth of trades before you could unlock your bonus. Some brokers even put a time requirement on this, after which the bonus cash disappears. A new trader without experience is very unlikely to receive this bonus because they will lose their money long before they ever reach that threshold.
A bonus can be nice, but make sure that it is not a priority when choosing your broker. Otherwise, you are just falling for a marketing gimmick. Be sure to check each of the steps listed above before you think about getting a bonus. We generally don’t suggest trading with bonuses and instead you should take advantage of our free online binary option trading course.
HOW TO: Be a Better Binary Options Trader?
Start with the tools you have readily available. Some places have signals services, some have demo trading, and the vast majority of them have educational resources. Some even have trading advisors and managers to help you get your trading to the next level.
If you’re offered bonuses and the terms are favourable, take advantage of them when you can. Getting a little extra help, either by increasing your knowledge, getting extra money, or just having a better rate of return will all help you keep increasing the size of your account.
There’s no quick and lasting way to get rich doing this, but small steps consistently taken in the right direction will eventually get you the results you want.
It is always important to note here though, that all trading comes with some degree of risk and in reality, no guarantees of profit can be made. You can also become a more likely winning trader if you apply binary trading strategies instead of randomly pushing buttons. You will need to learn some basics expressions such as the meaning of itm and otm.
Below, we’ve listed 3 of the most highly respected brokers and outlined their advantages, disadvantages and who they will benefit the most.
Best Binary Options Brokers with Low Minimum Deposit
IQ Option is considered one of the best binary options, forex and crypto brokers out there right now. They are a regulated, award-winning company with a variety of exciting features to offer clients.
If you want to create an account with IQ Option, you can do so with as little as $10 or even open a free IQ Option demo account. Their minimum trade amount is just $1, but if you want, you can fund your account with more and trade in larger increments.
They offer over 500 different assets in options, stocks, forex, crypto, indices, commodities and ETFs and a variety of different ways to trade them.
Be sure to get a strong feel of the IQ Option platform to help avoid potential trading mistakes. This makes sense whether you use the binary options demo or not. If you have any questions, you can always contact their customer service department that’s available 24/7. As you grow as a trader you will realize how well the platform performs and understand why IQ Option is considered the best binary options broker. Also, by learning all the right ways to deposit and withdrawal money will help when it comes down to it. Getting all the important documents to them early will help make it a lot easier when it comes to taking money out.
IQ Option does not accept traders from the United States, Canada, Australia or Japan.
They are regulated by one of Europe’s largest regulatory financial bodies, the Cyprus Securities and Exchange Commission (CySEC). If you are located in or outside the EU, you should have no problems creating an account with this broker if that’s what you determine is best for your style of trade.
For more details read our full IQoption review.
NADEX: The Perfect Choice for US Traders
NADEX is one of the only CFTC regulated exchanges offering binary options. This broker is based out of Chicago, Illinois, and they are one of the standard bearers in the world of binary options trading. Founded in 2004, and then rebranded in 2009 under their current name, NADEX is the go-to choice for binary traders based in the U.S.
In order to fund your NADEX account, you will need to make a minimum deposit of at least $250. You can use a debit card, bank transfer, paper check, or wire transfer to make your deposit. Depending on the trade you want to make and the profit levels that you are looking for, you can make trades for as little as $1 in some instances. Withdrawals are processed in the same way, except they do not currently allow debit card withdrawals.
NADEX offers free and unlimited use of their demo account. Most brokers limit the time that you are allowed to demo trade to about 3 days, but NADEX has a much stronger focus on the success of their traders. They want traders to succeed because when their traders succeed, they are also successful.
Are you interested in mobile trading? Read our NADEX Review. They offer for both iPhones and Android devices. This is beneficial to some traders, but not to all.
If you want to be a successful binary options trader, you need to be able to have a strong ability to discern good decisions from bad ones, and oftentimes, the ability to make more trades isn’t necessarily a good thing. NADEX offers their clients tools geared toward helping them make money, but you will need to make your own decisions about what is best for you and address the risk that is associated with trading on your own.
Binary.com: The Top Binary Options Broker
Binary.com is the best binary options broker in the market with a minimum deposit of only $5. This is the lowest minimum deposit we could find on one of our most recommended trading companies.
Besides binary options trading, Binary.com also offers over 100 different tradable assets in forex, crypto, CFDs, Metals and look-backs. The company also offers a free demo account where you can practice trading before investing any real money.
Binary.com is a regulated and award-winning company that we would fully recommend to all traders. Keep in mind that binary options are prohibited in the EU, so you will not be able to trade binary options with Binary.com if you are in the European Economic Area.
Binary.com does not accept U.S traders.
The binary options broker offers a variety of platforms you can trade in for both PC/laptop and mobile devices, including the infamous MetaTrader 5 (MT5). You can trade regular binary options allowing you to short the market in case you are looking for higher risk trading or day trade in a bear market.
For more details read our full Binary.com review.
HOW TO: Find the top 5 binary options brokers?
Answer: Take a look at our binary options broker list! The top 5 brokers have partnered with us and we recommend trading with to avoid trading with brokers known for cheating their clients and delaying payouts. You can read more here about binary options payout.
Each person will have different needs when it comes to a broker. Before you begin your search, decide what you want to trade, the timeframes over which you’ll trade it, and your basic amounts. Next, find a place that caters to traders in your area, meets all of your requirements, and has high rates of return. This will give you a basic framework for starting your search. Avoid sites that are gimmicky or have unfavourable conditions for their traders. These might not be outright scams, but they are certainly not there to help you make money. There’s a difference between running their business and swindling you out of your cash. Make sure you read about the blacklisted brokers.
Best Binary Options Brokers for Beginners
IQOption is one of the newer binary options brokers out there right now, but they have a lot of different features to offer clients. If you’re trying to find a new broker, or just curious about what IQoption has to offer, this brief overview is for you.
If you want to create an account with IQ Option, you can do so with as little as $10 or even open an IQ demo account. Their minimum trade amount is just $1, but if you want, you can fund your account with more and trade in larger increments. They offer more than 75 different assets, and a variety of different ways to trade them. They have the traditional call and put options, ranging down to 60 seconds before expiry. Because this broker is located in Europe, they have a heavy focus on European stocks and indices, but they also have a handful of the major assets that are based out of other regions in the world.
Be sure to get a strong feel of the platform to help avoid potential trade mistakes. This only makes sense whether you use the demo or not. If you have any questions, you can always contact their customer service department. As you grow as a trader you will realize how well the platform performs.
Also, by learning all the right ways to deposit and withdrawal money will help when it comes down to it. Getting all the important documents to them early will help make it a lot easier when it comes to taking money out.
IQoption does not accept traders from the United States, Canada, or Japan. They are regulated by one of Europe’s largest regulatory financial bodies. If you are located in the EU, you should have no problems creating an account with this broker if that’s what you determine is best for your style of trade. However, outside of Europe, IQoption is not considered a regulated broker.
Nadex is the perfect choice for US traders
Nadex is one of the only CFTC regulated exchanges offering binary options. This broker is based out of Chicago, Illinois, and they are one of the standard bearers in the world of binary options trading. Founded in 2004, and then rebranded in 2009 under their current name, Nadex is the go-to choice for binary traders based in the U.S.
In order to fund your Nadex account, you will need to make a minimum deposit of at least $250. You can use a debit card, bank transfer, paper check, or wire transfer to make your deposit. Depending on the trade you want to make and the profit levels that you are looking for, you can make trades for as little as $1 in some instances. Withdrawals are processed in the same way, except they do not currently allow debit card withdrawals.
Nadex offers free and unlimited use of their demo account. Most brokers limit the time that you are allowed to demo trade to about 3 days, but Nadex has a much stronger focus on the success of their traders. They want traders to succeed because when their traders succeed, they are also successful.
Are you interested in mobile trading? Read our Nadex Review. They offer for both iPhones and Android devices. This is beneficial to some traders, but not to all. If you want to be a successful binary options trader, you need to be able to have a strong ability to discern good decisions from bad ones, and oftentimes, the ability to make more trades isn’t necessarily a good thing. Nadex offers their clients tools geared toward helping them to make money, but you will need to make your own decisions about what is best for you and address the risk that is associated with trading on your own.
Although we have our top sites listed above we still have so many other brokers to choose from. Listed below are some other regulated brokers you can use. Some providers work with only certain customers. We will try to give you the leading countries for each broker based on the reviews we gathered.
A lot of people get really confused when it comes to binary trading. We are trying our best to help your transition a lot easier. Always remember the risks you put your money in when participating in this type of investing.
Latest & Best Betting Offers
Take advantage of the best betting offers from these bookmakers. All are licensed, secure and offer a sign up bonus offer often including free bets. Click on the offer that you like and you’ll be redirected to the bookie site to register and claim it.
You’ll need to be signed up to all of these bookmakers in order to take advantage of the best odds for every comparison situation.
Many bookmakers offer new customers a free bet as part of their sign up offer. We feature several of these trusted and vetted bookmaker offers here so that you can take full advantage. Did you know that most of the bookmakers are also integrated into our site’s system so that you can click on our links to go directly to the relevant bet from FootballPredictions.net? Yes, try it out!
Why do Bookies offer Free Bets?
Put simply, they want your betting business with them and are prepared to roll out the red carpet in order to get it! The nice thing about this is that you can join more than one bookmaker and take advantage of all of the joining betting offer deals. The additional benefit of this to you is that you are also then ready to take advantage of the best odds on offer for a particular fixture rather than being tied to the same bookmaker all of the time. If you’re looking for more in-depth reviews on betting apps, you might also want to also take a look at Betting App Store and Online Gambling Bible as a trusted source of general gambling information. FootballPredictions.net always gives you an odds comparison so that you can see which bookie is currently offering the best odds on our predictions and tips. If you’re already signed up, you can simply click on our links to pre-load your bet slip with those details.
What kind of Free Betting Offers are available?
This all depends on what the current deals are, but offers all usually revolve around you being a new customer. Some of the most used offers include:
Matched Deposit Bonus Offers
With this offer, whatever amount you first deposit you will be given as a free bet matched to the same amount. For example, Deposit 100 and get a 100 free matched bet. Simple.
Enhanced Odds Offers
This relates to a specific match where one team’s odds might be enhanced from 2/1 to 25/1 if you are a new customer. This offer type generally comes with a slight catch in that there is normally a cap on the level that you can place. Sometimes these types of offers also give an extra edge by refunding your stake as a free bet if you lose. Nice.
You’ll often see this kind of offer around big games and/or big football tournaments and they might attract the occasional gambler more than a regular punter.
Risk-Free Bet Offers
As the name implies, this kind of betting offer ensures that you can’t end up out of pocket with your bet. That means that if your bet loses, you are refunded the stake – usually in the form of a free bet rather than cash!
Percentage Multiplier Offers
This is usually applied to the first bet placed and you often see this kind of bonus shown as ‘200% on First Bet’ and sometimes higher. In essence, it means that the free bet awarded is a multiple of whatever the value if your first bet is. For example, if your first bet is (£/€/₦/$)100 then your bonus at 200% is an additional 200.
Free Bet, No Deposit
A bit more of a rare one, these days. Put simply, a new customer is given a free bet just for signing up without needing to deposit any money. This is less popular because some customers have been known to simply use up the bonus funds and are never seen again.
Existing customers – Any betting offers?
For existing customers of bookmakers, special offers are often still available. The types are typically as follows:
Money Back Specials
After you’ve become a registered user, it can pay to keep an eye out for this type of betting offer, because you can place a bet and reduce the risk level in some circumstances. A typical Money Back Special is where your stake is refunded if your bet loses and a specific event occurs. For example, your money back if a red card is shown during the game or if an own goal is scored or some other kind of trigger. Also, be aware that although it’s termed ‘Money Back’, the bookie usually refunds the stake in the form of a free bet rather than actual cash.
Enhanced Odds / Odds Boosts / Price Boosts
This is where some odds for a game are made bigger to attract you to bet on it. For example, odds on a home win might normally be around the 2/1 (3.0) range with most bookmakers for a particular game. With an odds boost, one bookie may decide to change the odds to 5/1 (6.0). Sometimes a price boost happens as a surprise and isn’t even advertised. When this happens, you usually see a message telling you that your odds have been boosted, which is always a nice bonus.
Quite a few bookmakers run loyalty reward schemes whereby if you bet a certain number of times during a defined time period, you are given free bet bonuses. With these offers, you know what you are going to get in advance. You will often see these advertised as Free Bet Clubs.
Similarly to loyalty schemes, if you are a regular bettor and/or bet in fairly significant amounts, you may find some nice surprises from time to time in the form of loyalty bonuses. It’s the bookie’s way of saying thank you, and you typically get notified about these in an email or via a message from the bookie site.
Where can I get football betting offers?
Look no further than this very page. We keep the best betting offers for football up to date here and they can change fairly often as bookmakers look to try out new ways of luring customers from their rivals. Therefore, it’s a good idea to visit here periodically and see what’s new. You can also access the free bets from within each match prediction page.
Offers: The Small Print
As you will have expected, all such offers need to have terms and conditions associated with them. It’s, of course, a necessity that you understand these before diving in and accepting the offer, no matter how straightforward the betting offer seems on the face of it. When you are fully aware of the terms and conditions, you can then take full advantage of them, and make sure that you don’t miss out. Some of these elements might include the term (length of time & expiry details) of the offer’s availability, the amounts of money involved (minimum and maximum levels allowed) so get familiar with them to avoid being disappointed.
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