How To Use Bonus Bets Tab NZ?

how to use bonus bets tab nz
How to Use Bonus Bets Tab NZ?

TAB NZ, which stands for Totalisator Agency Board New Zealand, is the only provider providing multiple opportunities to place bets on horse racing and sports online.

Betting with TAB NZ is safe as it operates under the governance of the New Zealand Racing Board. Betting with tab.co.nz, you can place bets in various ways, like

  • Official Online Website (tab.co.nz)
  • TAB NZ Mobile App, which is available for both Android and iOS
  • Physical Retail Outlets of TAB in New Zealand

To add more spice and fun while placing bets on sports here, TAB NZ offers bonus bets that add more to the betting amount.

What are TAB NZ Bonus Bets?

tab co nz
Tab Co NZ

Bonus bets on TAB NZ are like a promotional or bonus offer provided to players that allows you to place bets without risking your own money.

These bets can be typically used in most sports and horse racing sports. Bonus bets are offered in various types, including

  • Sign-Up Bonus: New customers get bonus bets when they join and deposit money.
  • Deposit Match Bonus: Get bonus bets that match a portion of your deposit.
  • Promotional Offers: Bonus bets are given out during special events or promotions.
  • Referral Bonus: Get bonus bets for referring friends who join TAB NZ.
  • Free Bets: Sometimes, you get bonus bets without depositing any money.
  • Matched Bets: TAB NZ matches your first bet with a bonus bet of the same value.
  • Risk-Free Bets: If your first bet loses, you get your stake back as a bonus bet.

How To Use Bonus Bets TAB NZ?

bonus bets in tab nz
Bonus Bets in TAB NZ

Using TAB bonus bets is very easy and resembles using bonuses and promotions at an online casino.

Remember – You must have a valid driver’s license or passport to create an account on New Zealand’s TAB website.

  • After logging in, visit the ‘Bonus Offers’ in ‘My Account’.
  • All the available bonus bets will be displayed under the ‘Bonus Bets’ tab heading.
  • Tap on any bonus bets you find interesting to learn more about that bonus in detail. Always be very careful while reading the terms and check all the important details. I have mentioned a list of details you must look for while selecting your bonus bet.
  • To use this bonus bet, first, check the games and sports events and make your selection.
  • Once you have added your selection to the bet slip, simply select the ‘Bonus Bets’ box (this will only be available for eligible bets).
  • Then tap on the option of ‘Bonus Bets Available’. Check on the availability.
  • Start by selecting your chosen bet as you would normally do; instead of adding a bet amount from your account funds, select your Bonus Bet.
  • When you select ‘Confirm Bet,’ you will be told that you’re using a Bonus Bet to place your bet.

After proceeding, your bonus will be credited to your account, and this credit will be used for betting on your favourite game.

If you win, the winning amount will be credited to your account, and you can withdraw it after meeting the TAB bonus bet stake amount.

PokiesMobile Suggestion – Remember to claim the bonus bets as early as possible as they might have an expiry date, which is in general 7 days.

Conditions Under Bonus Bets

Here’s what you need to look for in the terms and conditions (T&C) of bonus bets at TAB NZ:

Eligibility:

  • Example: “New customers who sign up with TAB NZ and make their first deposit of $20 or more are eligible to receive the $50 bonus bet offer.”

Expiry Date:

  • Example: “Bonus bets credited to your account must be used within 14 days, after which they will expire and be removed from your account.”

Wagering Requirements:

  • Example: “Any winnings earned from bonus bets must be wagered three times before they can be withdrawn as cash.”

Minimum Odds:

  • Example: “Bonus bets can only be used on selections with odds of 1.50 (1/2) or higher.”

Bet Type Restrictions:

  • Example: “Bonus bets are only valid for single bets and cannot be used for multi bets or exotic bets.”

Excluded Events:

  • Example: “Bonus bets cannot be used on virtual sports or any markets related to political events.”

Usage Limitations:

  • Example: “Only one bonus bet can be used per bet slip. You cannot combine multiple bonus bets on the same wager.”

Refund Conditions:

  • Example: “If your first bet loses, your stake will be refunded as a bonus bet up to a maximum of $50 within 24 hours.”

Withdrawal Restrictions:

  • Example: “Winnings from bonus bets cannot be withdrawn until the total amount has been wagered five times on eligible bets.”

Splitting Bonus Bets

Splitting your Bonus Bet offers added flexibility and control over your wagers on the TAB platform. Once logged in, head to the ‘My Account’ section and navigate to ‘Bonus Bet.

Here, you’ll find your eligible Bonus Bet highlighted with a green button labelled ‘Split Bonus Bet.’

You can split your Bonus Bet into 2, 3, 4, or 5 new Bonus Bets, allowing you to tailor your bets to your preferences.

There are guidelines to keep in mind when splitting your Bonus Bet. The value of your Bonus Bet must be divisible by two, three, four, or five, with increments no smaller than $0.50.

Imagine you have a $10 Bonus Bet on the TAB website. You want to split it into smaller bets to use on different games.

So, you split it into 2 smaller bets of $5 each. Now you have two $5 Bonus Bets instead of one $10 Bonus Bet.

You can use one $5 bet on a horse race and the other $5 bet on a rugby match.

That’s it! You split one big bonus bet into two smaller ones to use on different games.

Withdrawal of Bonus Bets Winnings

When you win with a Bonus Bet on TAB, they take back the original bonus amount you used. Here’s an example:

Let’s say you have a $50 Bonus Bet, and you use it to bet on a horse with odds of $3. If your bet wins, TAB gives you the money you won, but they keep the original $50 bonus.

For instance, if you win $150 from your bet, that’s calculated by multiplying the $50 bonus by the $3 odds, which equals $150. Then, they subtract the original $50 bonus from the total, leaving you with $100.

So, you keep the $100 you won but not the original $50 bonus. It’s like borrowing $50 to make a bet; when you win, you pay back the $50 you borrowed.

Editor’s Verdict

Bonus Bets are promotions provided to players that add more to their betting amount.

By creating an account and accessing the TAB NZ Official App, you can place various bets on horse racing and other sports.

Easily access the eligible bonus bets available for specific sports via the “Bonus Bets” section on “My Account”.

Choose your bonus bets wisely and before time as they have an expiry date which is generally 7 days from the account creation.

Remember, these bonus bets are not available on all sports. So, check all the terms before claiming them.

FAQs

Can I use bonus bets on all bet types?

No, you can’t. The bonus bet is not available on all bet types. A range of games are excluded from enjoying this benefit:
Live bets
Win or place bets with multiple selections (exclusion only applies to bets placed on tab.com.au )
Each way bets (pari-mutuel and fixed odds)
Parlay formula
Mystery products
NRL FootyTAB bets
AFL FootyTAB bets
Non-Flexi exotic bets (for example, trifecta and exacta bets)
Trackside
Non-flexi system multis
Bets where multiplier or ‘The Lock’ is applied

What if the “Bonus Bet” option is unavailable?

If you can’t see the ‘Bonus Bet’ option when you’re placing a bet, it could be because you don’t have any bonus bets to use or because the type of bet you’ve chosen can’t be used with a bonus bet.

I could not claim my “Bonus Bets”.

If you are unable to claim your bonus bets, then there might be some glitch. You can call their Customer Service Team on 131 802.

How does a bonus bet work?

Bonus bets on TAB NZ are free bets given as promotions or rewards.
Getting Bonus Bets: Earn them through promotions like sign-up offers or contests.
Using Bonus Bets: They are separate from your account balance, usually expire in 7 days, and can be used on specific bets. There is no special “bonus bet tab.” The option will appear when applicable.
Winning with Bonus Bets: Winnings exclude the bonus bet amount. For example, a $10 bonus bet at 3:1 odds gives you $20 ($30 winnings – $10 bonus).

How long can I use the bonus bets?

Bonus Bets generally expire in 7 days. So, claim within the stipulated time period and always keep checking the terms before claiming.

About the author

Bhumika Mishra

Bhumika Mishra

Bhumika, a spirited and youthful author from Auckland, offers a unique viewpoint on the contemporary digital world. Merging her enthusiasm for narrative crafting with a keen interest in advanced technology, she creates engaging and informative content that both enthralls and educates her audience.