Luxbet Bonus Bet Offer on Signing now $250
Update: As of March 13 2017, Australian bookmaker Luxbet has upped their sign up bonus for new customers to $250. More significant, is the fact that a first deposit of only $100 is needed to collect the $250 in bonus bets. What’s more, Luxbet has come up with a secondary sign up bonus which delivers an amazing 500% return on the deposit. A deposit of just $25 will result in bonus bets of $125. The sign up bonuses offered by Luxbet trump that of any other betting agency. In terms of value, it now ranks up there with the best available offers from the online Australian bookmakers, including CrownBet’s 150% deposit bonus.
Details of Luxbet’s new $250 Sign Up Offer
The new offer from Luxbet is effectively the same as the previous offer in all terms and conditions except for the amount of the offer. Instead of being able to receive a $150 free bet for a $50 deposit, new customers will now receive a maximum $250 free bet from Luxbet for depositing $100.
Claim the new $250 Free Bet Offer
If you are not already a Luxbet customer, you can claim the new $250 sign up bonus by clicking here.
Analysis of the Current Free Bet Offers in the Australian Marketplace
The move from Luxbet to reduce their sign up bonus offer reflects the changing forces within the Australian bookmaking industry. Global bookmakers have been buying up local Australian brands and bringing with them more competitive practices. In March 2016, Unibet Australia altered their sign up offer from a matched deposit bonus to an insured first bet bonus. Withstanding the heat is the local arm of global agency William Hill. They continue to offer new customers a $700 matched deposit bonus. Sportsbet continues to run their matched first bet offer in preference to the deposit offer. There is no doubt that the matched deposit bonus represents better value to potential customers.
Still Value in Free Bets for new Customers
Whilst the matched first bet offers aren’t as attractive to new customers, there is still great value on offer for prospective clients with the matched deposit offers. For example: Bookmaker.com.au’s $400 bonus and Ladbrokes’ $250 offer are both very deposit bonuses. A full list of free bets and bonuses can be found on our home page.
New Players Provide Diversity
The good news for Australian punters is that growth in Australian sports betting is bringing new players to the industry, that are continuing to bring with them generous offers in order to entice new customers. In recent years, CrownBet, Unibet and William Hill have all entered the Australian market with aggressive welcome bonus deals.
Luxbet Offer Comparison
Luxbet’s new $250 deposit bonus offer still places it high on the list of gross value in terms of new account deals. Whilst the dollar amount maybe less than its competitors, the sheer generosity of the offer is unrivalled.