If you haven’t heard of bet365 then you’ve probably been living on some distant planet that doesn’t show football matches or horse racing events. If you’re living on planet earth then you’ve probably heard of this gambling giant but you may not have heard of a bet credit.
Well if you like to place a regular bet on your favourite event you will be familiar with the term free bet. These are usually reserved for new customers as a way to give them some bonus money as a thank you for signing up for an account with them. In addition to this, it’s also used from time to time as a promotion to existing customers. The issue sometimes with free bet promotions is the confusion around the wager requirements that go with them, even the best free bets promotions can have very confusing terms and conditions that go along with them
So in order to give punters a better understanding and possibly to prevent a fine for confusing advertising bet365 changed their terminology back in 2018 and now use the term bet credits on all of their promotions.
A bet365 bet credit is simply bonus money that is applied to your account that cannot be withdrawn, only wagered. So as a new customer you will get £100 worth of bet credits in the form of a welcome bonus.
Bet365 are probably one of the most trustworthy bookmakers out there and are pretty transparent when it comes to the small print and what’s involved with any promotions that they run.
In order to claim the maximum £100 bet credit then you need to deposit £100 of your own money when you open an account for the first time. Once you login to your account the bet credit is available for you to use, remember they cannot be withdrawn and must be used within 30 days of opening your account.
If you decide to opt-in for promotional offers bet365 will from time to time at their discretion offer you a free bet credit. These can be anything from £5 and as a bet365 customer myself I’ve even been offered as much as £50 in bet credits to use in play during certain football matches.
Unfortunately, bet365 select you personally for these types of promotions and you will receive them in the form of an email or a message when you log in to the bet365 website or mobile app.
I’m afraid not, the bet credits can only be used to place a bet on an event of your choice or playing casino games, poker or bingo.
One of the other major rules that come along with the bet credit terms is that you cannot use them as part of any cash out. Cash out is the ability in play to ‘cancel’ your bet and depending on how the bet is going you can earn more than you wagered if you cash out early rather than let the bet run its course.
So if England are winning 1-0 in the 88th minute are you have backed them to win, you have the ability to cash out your bet for a profit. If the opposition scores a goal after the cash out and England draw the game, then you keep whatever the bookmaker offered you as part of the cash out.
Usually, if you are in a winning position when you cash out then you get more than you staked, if you are in a losing position then it’s typically less than you staked.
We’ve got an in-depth guide if you’d like to know more about how the bet 365 cash out feature works.
None of this really matters as if you have a bet credit you cannot cash out your bet with bet365.
If you don’t have an account then you need to go through the process of opening an account with bet365. You can click here to go to the bet365 website.
Once you deposit the bet credit will be added to your account shortly after your first deposit.
If you are an existing customer and you’ve been selected for a promotion
The bet credit terms and conditions change slightly depending on which offer you are taking advantage of and whether or not you are a new or existing customer. If you’d like to find out more you can do so by checking out the bet365 website terms page, which has the full terms and conditions available.