Two Octobet Welcome Offers at a Glance
The Octobet welcome offer comes in two forms: a free bet up to £50 on the sportsbook, and a 50% back match up to £100 on the casino. Both pay back half of what you lose on your first day. Octobet (often searched as Octo Bet) is run by Octopus Game Limited under Gambling Commission account 62545. Its sportsbook terms say you can qualify for both offers, though another clause muddies that.
Half your first-day net losses back, up to £50. Finish in profit and you still get £5.
Claim the Free Bet ›Half your first-day net casino losses back as bonus funds. 10x wagering, £100 max conversion.
Claim the Casino Bonus ›How the Octobet Free Bet Works
The Octobet sportsbook offer refunds 50% of your first-day net losses as a free bet, up to £50. You qualify with one settled cash bet of £10 or more at evens (2.0) or bigger, as a single or a multiple. If your first day ends in profit, you get a £5 free bet instead.
- Sign upOpen an Octobet account through our link. Neither offer’s terms mention a promo code.
- Place a qualifying betStake £10 or more in cash at evens (2.0) or bigger. Your first day runs from your first settled bet until 23:59.
- Collect the free betIt lands by 2pm the next day: 50% of your net loss up to £50, or £5 if you finished up.
- Use it inside 7 daysPut it on a single at 6/1 (7.0) or shorter. The stake isn’t returned, and the free bet isn’t reissued once it expires.
Lose £60 on day one and you get a £30 free bet. Because the stake isn’t returned, that’s worth about £15 at evens and at most about £25.70 at the 6/1 cap. The full £50 needs a £100 net loss, which is a bad reason to bet £100.
| Your first day | Free bet | Worth at evens | Worth at 6/1 |
|---|---|---|---|
| One £10 bet at evens, loses | £5 | £2.50 | £4.29 |
| One £10 bet at evens, wins | £5 | £2.50 | £4.29 |
| Net loss of £60 | £30 | £15.00 | £25.71 |
| Net loss of £100 or more | £50 | £25.00 | £42.86 |
Most free bets set minimum odds, which is why this one catches people out. Octobet’s free bet must go on a single priced at 6/1 (7.0) or shorter. A free bet that keeps the stake back is worth more at longer prices, so the cap holds down what the offer costs Octobet.
Free Bet up to £50New UK customers · £10+ at evens · Free bet up to £50, or £5 if you win
This promotion is valid for new UK Octobet customers registered on or after 15/05/2024. 1. To be able to get 50% back as a free bet up to £50, you simply need to have at least 1 settled Qualifying Bets placed by the end of the first day (day ends at 23:59). A “Qualifying Bet” refers to a settled real money single or multiple bet of £10.00 or more placed odds even (2.0) or greater. 2. if at the end of the first day (day ends at 23:59), your sports account has losses overall, you will get 50% back as a free bet up to a maximum of £50. 3. Sportsbook losses are calculated from the time of your first settled bet until 23:59 on the same day. Only settled bets from the first day of Sportsbook bets qualify for inclusion. 4. if at the end of the first day (day ends at 23:59), your sports account has generated a profit. You receive a £5 free bet if you have placed at least 1 Qualifying bet. 5. Customers who qualify for this Sportsbook Welcome Offer are also entitled to qualify for the Casino Welcome offer. 6. Only cash stakes will count as qualifying stakes in this promotion. Free bets or Bonus funds will not count as qualifying stakes. 7. Other offer/promotion related bets will not count as qualifying bet. 8. Voided bets or bets placed using a free bet do not count towards this offer.
How the Octobet Casino Bonus Works
The casino offer goes by the headline 50% back match up to £100. Under Octobet’s rules, you get 50% of your first-day net casino losses back as bonus funds, up to £100, and the loss must be at least £10. If you finish the day in profit with £50 wagered, you get a £5 bonus.
- Deposit and wager £50That activates the offer. Your first day runs from your first settled casino bet until 23:59.
- Spread your stakesPlace three or more stakes, two of them at least half your biggest. A £10 top stake needs two more of £5 or more.
- Collect the bonusIt lands by 2pm the next day, up to £100.
- Wager it 10x in 7 daysOnly £10 of any stake counts towards the wagering, and you can convert £100 at most.
Lose £60 on day one, get a £30 bonus, and you need to stake £300 on slots within 7 days. At 96% RTP (return to player, the long-run share of stakes a slot pays back) that costs about £12 on average. So the bonus is worth around £18.
Slots count 100%, while progressive slots and baccarat count 0%. One table in Octobet’s terms weights roulette and blackjack at 1%, and a second table on the same page says 10%. At 1%, a £30 bonus needs £30,000 of roulette stakes. Ask Octobet which figure applies before you play tables.
50% back match up to £100New customers · Deposit and wager £50 · 10x wagering, 7 days
18+. New customers. Deposit and wager £50+ on casino, with 3+ stakes and 2 of them at least half your biggest. 50% of first-day net casino losses (£10 minimum) back as bonus funds up to £100. 10x wagering, max £10 per stake counts, 7 days to complete, max conversion £100. Full T&Cs apply. BeGambleAware.org
Octobet Welcome Offer: Key Terms Side by Side
| Term | Sportsbook | Casino |
|---|---|---|
| Reward | 50% of net losses as a free bet, max £50 | 50% of net losses as bonus funds, max £100 |
| To qualify | One settled £10+ cash bet at evens or bigger | Deposit and wager £50, 3+ stakes |
| If you win on day one | £5 free bet | £5 bonus with £50 wagered |
| Credited | By 2pm next day | By 2pm next day |
| Rules of use | Single at 6/1 (7.0) or shorter, stake not returned | 10x wagering, max £10 per stake counts |
| Expiry | 7 days | 7 days |
| Cap on winnings | £25,000 a day on sports (general terms) | £100 max conversion |
Can You Claim Both Octobet Offers?
Octobet’s sportsbook terms say customers who qualify for it “are also entitled to qualify for the Casino Welcome offer”. Both offers also say only one Octobet promotion can be entered at a time. Those lines pull against each other, so email support@octobet.com and get an answer in writing before you deposit.
Is There an Octobet Promo Code?
No promo code appears in the terms of either Octobet welcome offer, and the promotions page lists none. You qualify through your first day’s bets after signing up through the offer link.
Which Octobet Offer Suits You?
If you bet singles on football or racing at short to middling prices, take the free bet, since the 6/1 cap won’t get in your way. If you play slots, the casino bonus fits better, with 10x wagering on slots counting in full.
Octobet Casino Offer: Full Terms
This promotion is valid for new Octobet customers aged 18 years and. 1. To activate this promotion you must deposit and wager a minimum of £50. 2. You must place minimum of 3 casino stakes during the qualifying period and 2 of these bets must be at least half the value of your highest placed stage. Example: if a customer’s biggest wager for the day is £10, then at least 2 additional stakes of £5 or more need to be placed to qualify. 3. The qualifying period begins from your first successful settled casino bet ends at 23:59 on the same day. 4. The maximum casino bonus that can be gained under this promotion is £100 per customer. 5. Only cash stakes are counted. 6. The maximum amount of bonus winnings that can be won from this bonus plan is £100. If you have a bonus balance in excess of this upon meeting the wagering requirements only a balance of £100 will be credited by way of withdrawable funds. 7. The maximum stake that will contribute towards turnover requirements in any single bet will be £10. 8. Players must play through the bonus 10 times before they can withdraw or use the funds to play on the site. expires within 7 days. Only when the wagering requirements are met can the balance, or winnings made from it, be released to the player’s account balance.
The sportsbook offer’s full terms are printed with the offer box at the top of this page.
Octobet Offer FAQs
What is the Octobet welcome offer?
Octobet has two. The sportsbook offer pays 50% of your first-day net losses back as a free bet up to £50, or £5 if you finish in profit. The casino offer, a 50% back match up to £100, pays 50% of first-day net casino losses as bonus funds with 10x wagering.
What odds can I use the Octobet free bet on?
The Octobet free bet must go on a single at 6/1 (7.0) or shorter. That’s a maximum price, so you can’t use it on a 10/1 shot or in a multiple. The stake isn’t returned with any winnings.
What is the wagering on the Octobet casino bonus?
The Octobet casino bonus carries 10x wagering, to be completed within 7 days. Only £10 of any stake counts, slots count in full, and the most you can convert to cash is £100.
Can I claim both Octobet welcome offers?
Octobet’s sportsbook terms say customers who qualify are also entitled to the casino welcome offer. Both offers also say only one promotion can be entered at a time, so confirm with Octobet by email before you deposit.
Responsible Gambling
18+ only. A losses-back offer pays more the more you lose, so set a deposit limit before your first bet. For free, confidential support visit BeGambleAware.org or call the National Gambling Helpline on 0808 8020 133. To block every UK-licensed site at once, use GAMSTOP.
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