Definition of Bet Credits

Bet365New Customer Welcome Offer

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Offer TypeBet Credits for New Customers

New CustomersDeposit RequiredQualifying BetProfits Withdrawable

🆕Welcome Offer

📈Bet Credits

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Sign up, deposit and place a qualifying bet to receive your Bet Credits. Use them on any market - any profits go straight into your withdrawable cash balance. Offer varies by region.

Bonus CodeTHEKING

Claim Bet Credits at Bet365

Admit One •New Customers OnlyT&Cs, time limits &exclusions apply. Bonus code THEKING does not change the offer amount.

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What are "Bet Credits"? What does the term "Bet Credits" mean in the world of sports betting?

Bet Credits are a form of bonus that online sportsbooks - most notably Bet365 - award to new customers as part of a welcome offer. They are not cash. They are a credit that you can use to place bets, but you cannot withdraw them directly.

Here is how Bet Credits typically work at Bet365:

You sign up as a new customer and make a qualifying deposit. You then place a qualifying bet at the required minimum odds. Once that qualifying bet is settled, your Bet Credits are released into your account.

You can then use those Bet Credits to place further bets.

The key thing to understand is this: the Bet Credits themselves are not withdrawable. What IS withdrawable are any winnings you generate from bets placed using your Bet Credits. The credit stake is not returned with the winnings - only the profit portion.

Let's look at a straightforward example.

Let's say you receive $30 in Bet Credits from a welcome offer. You use those $30 in Bet Credits to back a team at odds of 2.00.

If the bet wins, you do not get $60 back ($30 stake + $30 profit). You only receive the profit portion - in this case, $30. The $30 Bet Credits stake itself is not returned to you.

This is the most important distinction between Bet Credits and a standard cash balance. With a cash balance, a winning bet returns your stake plus your profit. With Bet Credits, only the profit is yours to keep.

Let's look at the same example with cash to illustrate the difference.

You have $30 in your cash balance and you back a team at odds of 2.00.

If the bet wins, you receive $60 back - your original $30 stake plus $30 in profit.

So with a Bet Credits win at 2.00, you walk away with $30.
With a cash win at 2.00, you walk away with $60.

That is the core difference.

Most sportsbooks that offer Bet Credits also apply the following conditions:

Minimum odds - your Bet Credits bet usually needs to be placed at minimum odds in order to be valid. Check the current terms at Bet365 for the exact requirement in your region.

Time limit - Bet Credits typically expire after a set number of days if unused. Again, check the current terms for the specific timeframe.

Partial use - in most cases, you can split your Bet Credits across multiple bets rather than having to use them all in one go.

Region-specific terms - the exact amount, qualifying deposit threshold and minimum odds requirement all vary depending on where you are located. The offer you see when you land on the Bet365 site is the current live offer for your region.

Bet Credits are a legitimate and common form of welcome bonus in online sports betting. They are not "free money" in the traditional sense - but used sensibly, they give you additional opportunities to bet beyond your initial deposit, with any profits from those bets going straight into your withdrawable cash balance.