The Welcome Bonus Explained: £25 Bet Insurance
The Genting welcome offer is simply an insurance that if your first bet fails, you will get a free bet in return. Although for some of you this may sound disappointing it can be profitable if you use it wisely. Put it simply, if your first bet of £10 fails, you are covered with a £25 free bet. It’s truly incredible thinking of it in that way.
It could be wise to place a long odds shot, and if you win you’ll win big, and if not you’ll have more to bet with than when you started! Overall, it is a simple welcome deal and easy to take part in. There are no hidden tricks or rollover requirements and it this simplicity that should adhere it to betting fans. It does exactly what is says on the tin, and for that reason our experts were happy with the offer. Of course, it would be nicer if you didn’t have to lose first, but that is the only drawback we could find to this.
How to Get the Welcome Bonus
Signing up for the Genting bonus is easy, all you need is a new account, deposit your funds and you are good to go. We even did it ourselves to test it out, and our experts created a wonderful step-by-step guide for you to follow if you ever get stuck whilst in the middle of this pretty easy process.
- Step 1: Hit the ‘Visit Site’ at the top of this page to be directed the Genting welcome offer.
- Step 2: Once there click the ‘Bet Here’ button to go to the registration page.
- Step 3: Enter your details in an accurate manner as you will have to prove your identity.
- Step 4: Deposit funds using either a debit or credit, note this has to be at least £10.
- Step 5: Bet £10 on a single bet of odds of evens (2.0) or more, if it loses receive a £25 free bet.
Validity of Bonus
Once your first bet loses, you’ll have 14 days in which you have to use it. If you don’t manage to do so in this time you will lose the free bet and be left with absolutely nothing. This would be a travesty, so don’t forget this! It must also be note you can only receive this bet if you are a resident of the UK and no one else in your household has played before. Of course, there are terms and conditions that you need to look into before playing, these are just the major points.
Another promo that Genting run is the Champions League free bet. Basically, you need to place £25 on the outright winner of the tournament and every time your chosen team wins you get a £5 free bet. This is a great deal and means you can get up to £30 in free bets. Not bad at all, and more than covers your initial outlay. So, if you were thinking of picking an outright winner this is surely the offer for you. We really like creative promotions like this, and Genting have really pushed to boat out with this one.
Best Odds Guaranteed on Horses
Like many of the other operators featured in our review series, Genting Bet run a best odds guaranteed promotion on every single UK and Irish race meeting. This means you’ll always get paid out at the biggest odds price even if the starting price turns out to be bigger than the odds price you first took.
There are no promo codes required in order to take part in this bet. You simply need to accept the T&Cs when signing up and you are good to go. This is such a simple and effective process and means you are pretty much guaranteed to take part if you want to. In the past you may have been searching for hours to find a code, and now it is simplified, and you can easily claim the promotion. This is wonderful news and we are sure every punter is delighted by this prospect.
In terms of wagering requirements there is actually fairly little you have to fulfil, of course the main stipulation is having a losing bet! The first bet of £10 or more simply has to be wagered at odds of evens (2.0) or greater. Then if you lose, you will get a free bet as compensation. The free bet must then be wagered on a single selection and any profit you make will be yours to keep. We find that this is more than fair, and everyone can easily fulfil such simple requirements and is exactly what we like to see when betting at a sportsbook.
Poor Number of Payment Methods
Genting Bet support only a handful of payment methods for when the time comes to make deposits and withdrawals. The commonly used payment cards, Visa, Maestro and MasterCard, are catered for here, as well as the much-loved e-wallet Skrill. Other options such as Neteller and PayPal are missing though. If you’re on the hunt for a bookie with a more varied range of payment options, we recommend trying Coral.
||£10 – £50000
||3 – 4 days
||£10 – £50000
||3 – 4 days
||£10 – £50000
||3 – 4 days
*Limits may apply from the payment processor themselves.
Whilst it is true that the options here are limited, the good news is that you never have to wait too long for payment transactions to be processed. All deposits are processed instantly, while withdrawal requests are completed within 3-4 business days. All transactions are also free of charge.
Conclusion: A Decent Welcome Offer
Overall, Genting Bet managed to chalk up a respectable score in the bonus department. The welcome offer is unique, allowing you to claim good-value bet refunds if your first bet doesn’t come good. The downside is, however, that if your first bet actually wins, you don’t have the benefit of claiming a special welcome bonus from the bookie, which is a bit of a shame to say the least.
Strengths and Weaknesses of the Genting Bonus
- Major Strengths
- Good value
- Straight-forward conditions
- Major Weaknesses
- Only valid if first bet loses
- Minor Strengths
- Unique bonus
Full T&Cs Apply! £25 First Bet Insurance: New customers only. Qualifying period ends 23:59 GMT on 31/12/19. Valid only for accounts tracked from an eligible referring website. A qualifying bet is a losing first settled real money single bet of at least £/€10 + (at odds of evens (2.0) or greater (or a multiple where each selection is at odds of 2/5 (1.4) or more. Only losing win single part of an E/W bet will qualify. Free bet equal to your qualifying stake will be credited within 24 hours of qualifying bet settling and must be used within 14 days. Free bet stake not included in returns
This said, the operator does have a best odds guaranteed promotion on all UK & Irish horse racing meets, which, despite being common practice now at all the top online bookmakers these days, still represents good value, and there’s also another accumulator insurance promotion that really comes in handy. There’s also still room for improvement in the banking department as the operator only supports a handful of different payment options. For the most part, though, we can say that we were reasonably pleased. If you’re satisfied with everything you’ve seen here, sign up now and claim your Genting Bet new player welcome bonus, or you can head over to the sports betting homepage and have another look at our ranking of the top 10 betting sites in the UK.
If you’d like to enquire about anything written on this page or you want more information regarding the Genting bonuses, email us at firstname.lastname@example.org.
Isn't Genting a casino?
Yes, however they also have a sportsbook called Genting bet, which is what we have reviewed here.
Can I use PayPal or any other E-wallet?
No, at the time of writing there was no option to use any e-wallet at the bookie. If you want to deposit online you will need a debit card.
Do I have to request the bet refund if my first bet fails?
No, your free bet token will be automatically added to your bet slip within 24 hours of the bet being settled.