Paddy Power has a range of betting products and associated bonuses on offer. As a new customer, you definitely don’t want to miss out on any available bonuses. We’re here to bring your attention to the latest sportsbook bonus. Once you’ve signed up and deposited a minimum of £10, all you need to do is place a qualifying bet equal to £10.
In the event that your qualifying bet loses, Paddy Power will refund your stake as cash! The great thing about this bonus offer is that you do not have to worry about wagering requirements, nor do you need to use a promo code. It’s as simple as that!
T&Cs apply, 18+. New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £35. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.
- Sign up for an account, using the Paddy Power sign up code YSKA00.
- Deposit a minimum of £10 in your new account.
- Place a first bet worth up to £10.
- If the bet loses, Paddy Power refunds your stake as cash.
Using the Paddy Power bonus code for new customers is a very simple process. The bonus itself is also easy to understand, with no complex wagering requirements attached to it. All new customers simply need to open an account using the Paddy Power sign up bonus code and then deposit at least £10 in their account. Once you have done that, you need to place a bet worth up to £10. If that bet loses, you will receive your stake back as cash. If the bet wins, then you do not get the bonus. You will receive your refund within one hour of the bet being declared as losing, which is very quick.
The main positive about this bonus is its simplicity. There are no complicated terms and conditions, and the bonus is paid almost immediately. It also offers you a nice welcome to the site, with your first bet being a no risk wager. Qualifying bets can be placed on any sport too, at any odds. There is an excellent range of sporting markets available at Paddy Power for you to bet on.
The main negative issue about the bonus is that you can only get it if your first bet loses. If your first bet is successful, then you do not receive any extra credit or added bets for using the Paddy Power promo code. The no risk bet bonus is a one-off too, with no additional Paddy Power promo code a new customer can claim. It might therefore strike some potential new customers as a little bit ungenerous, at least in terms of the monetary value that it offers.
The all-round service at Paddy Power is very good, though. In addition to this level of service, you can make use of another Paddy Power voucher, though, with other offers available on an ongoing basis at the bookie. These offers sometimes provide punters with extra bets linked to certain sporting events, such as the Republic of Ireland’s international soccer matches, or specific horse races. If you like betting using accumulators, there is an offer in place. There is also the Paddy Power Free Bet Club, which offers weekly bets for punters who place a certain amount of wagers in a seven-day period. So, although the welcome bonus might not seem that generous, the existence of other promotional offers compensates for this.
Whether your first bet at Paddy Power wins or loses, there are still some things it is worth bearing in mind before you embark on your sports betting career. Here are three mistakes to avoid at all costs.
Never bet on sports you don’t know
This might sound obvious, but it is never a good idea to place bets on sports about which you know nothing. Inexperienced punters can often be tempted into placing long odds wagers on sports they are ignorant of, often because of the odds on offer. This is never a good idea. You may get lucky once, but it is unlikely to happen again. Betting effectively requires you to have a sound knowledge base in order to be able to better predict likely outcomes and events within games. Good sporting knowledge is particularly important when it comes to live betting. You are putting yourself at a massive disadvantage, unnecessarily so too.
If you want to be a successful punter, then you should do your research. Stick to two or three sports that you know well and place small, carefully chosen bets. That way you will minimise your losses and maximise your chances of winning.
Don’t chase losses with ever increasing bets
Many inexperienced sports bettors will allow themselves to get drawn into a negative spiral, where their first bet loses, and they then try and compensate for it by pacing bigger bets on selections with longer odds. The thinking is that the bigger, riskier bets will pay out and cancel their losses on previous bets. In practise, this rarely happens. Instead, punters are left chasing their losses, placing bigger and riskier bets until their funds are seriously depleted and they are left feeling angry and frustrated.
You should never chase losses in this way. Just as military people have a saying that you should never reinforce failure, you should never try and compensate for losses with ever riskier bets. It is better to stop betting for a while, accept that you have lost, and break the cycle. Once you have calmed down and had a chance to evaluate the situation, then you can begin to bet again. You should place carefully chosen, small bets, and make sure that you keep your gambling fun. It is meant to add excitement to sport, after all, not make life more difficult and stressful.
Don’t bet if it is stressing you out
Linked to the above point, your emotional state is also key when betting. If you find that your betting has moved from being a fun, recreational activity to one where you are desperate to win because of financial losses, you need to stop. Equally, if your bets have become so important to your life that you are finding the whole process of betting to be stressful and worrying, then you need to stop, and assess your betting activity more calmly.
You should never find betting stressful, and you should certainly not see gambling as the solution to any financial problems that you might have. The more stressed you are, the more likely you are to make silly decisions and place stupid bets that are more likely to lose. Stick to small bets on sports that you know well, and make sure that you are always having fun.
The Paddy Power voucher code is even automatically filled in on the online registration form for new customers, so simple is the bonus to claim. If your first bet loses, then your Paddy Power promo code ‘free’ bet is paid into your account within an hour, which is very quick. There are no complex wagering requirements attached to it, and the stake of the losing bet is returned to you in cash, not in bonus credit. All of this is very positive, and contributes to the rating we have given the bonus.
paddy power promo codes existing customers can claim
There is one major issue with the bonus, though, which prevents it from having a much higher rating. This issue is that the Paddy Power bonus code only applies to losing bets. If your first bet wins, then you do not receive any kind of welcome bonus at Paddy Power. Although there are other paddy power promo codes existing customers can claim, the lack of a more universal welcome bonus has shaved some points off the rating we have given.
£40 For placing a £10 bet
New customers only • Promotion valid until March 16th, 2021 • 18+ • Min deposit of £/€/$10 with promo code CHEL40 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 on Horse racing• Min odds 1.50 • Free Bets credited upon qualifying bet placement and on the 16th March 2021 and expire after 7 days • Free Bet stakes not included in returns • Restrictions apply to withdrawals, payment methods, and countries. Full T&Cs apply