Paddy Power Welcome Offer UK 2020

Claim The Latest Paddy Power Welcome Offer

Paddy Power is one of the biggest names in the betting world. You can find them on the high street as well as online, earning them a level of trust across generations that only a few other pillars of British bookmaking can boast.

Nonetheless, the Paddy Power welcome offer is aimed at new customers. So, for those unaware of this juggernaut name of the industry, allow us to introduce you. They are the biggest name in Irish bookmaking, having been founded in Dublin, Ireland, back in 1988. They were formed by the merger of 40 shops, which grew to hundreds in the decades since.

In this time, they also moved online, allowing their huge amount of betting markets to also be enjoyed from their customers’ phones or laptops. This also allowed them to become more of a jack-of-all-trades, enhancing their sportsbook offering with casino, bingo, and poker facilities.

More than anything though, what has really made Paddy Power what they are is their constant strive to move forward and attract new customers amongst fierce competition, and the Paddy Power promotions are just one aspect of this.

Claim the latest Paddy Power welcome offer bonus in detail

The Paddy Power welcome offer in question is the £10 risk-free bet. It’s important to note that this isn’t their only promotion aimed at attracting new customers. Specifically, we want to make clear that we’re well aware there’s also Paddy Power welcome offers for both casino and poker users. However, our primary focus for this review is that sportsbook new customer offer.

What do you get?

Risk-free bets are funny ones to explain. They differ from things like the Sky Bet free bet – which increase your available funds – and rather aim to give you a way to engage with the sportsbook without any monetary risk. Allow us to explain…

If you bet £10 and your bet wins, you won’t receive anything in terms of a bonus. You will instead collect your winnings and get those extra funds to either stake again, spend elsewhere on the site, or withdraw. However, if your wager loses, you will receive the £10 that you stacked back, not just as a free bet but as cash.

Now, this is a huge difference because a refund on your money has several advantages over a free bet. This is what makes this Paddy Power welcome bonus so valuable compared to other promotions.

First off, you can withdraw your money in this instance whenever you want, without the need to place another bet or meet wagering requirements. In the case of a free bet, not only do you need to stake bonus funds as another wager, but you only receive the winnings and not the stake amount. This makes the £10 here much more valuable than in the case of a free bet, which is what you will find in a huge amount of their competition like the Sky Bet welcome bonus for example.

Of course, beyond the simple facts of the monetary value that’s on offer, there’s also the peace of mind that comes with being able to place a bet without worrying about losing that money. Although it might not be the largest amount offered in a welcome bonus, these terms really do make it stand out from the crowd.

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What can you use the bonus on?

In terms of the bonus amount, you can pretty much use it on whatever you want. After all, it’s paid in cash rather than as a free bet. However, the bonus is really to replace a losing initial stake, which is where the risk-free element comes in.

In terms of this qualifying bet, there are a few things to note. Firstly, you have to place this bet on the sportsbook. Any bets towards the casino, poker rooms, or any other part of the site will not count towards this specific promotion. The other key point is that your qualifying bet must be on a singles wager, meaning accumulator fans will have to go elsewhere.

Beyond that though, your risk-free bet can seemingly be placed on any market, any league, and any sport – or at least, there are no restrictions in that regard which we have been able to find or be informed of by customer service. Better yet, there are no minimum odds. This is something that makes this promotion truly special in comparison to other welcome offers like Sky Bet new customers deals. This puts Paddy Power amongst the absolute elite when it comes to new customer offers.

Just to reiterate, these are what you can bet on with your qualifying bet: the refund can be withdrawn as you wish.

What important terms do you need to consider?

Here, we’ll be reviewing the general promotional terms to help you determine whether this bonus is right for you. We’ll also be going into more detail on the promotional restrictions later on.

One thing to bear in mind is that the initial stake needs to be wagered on the sportsbook to qualify for the refund. This means that you will, of course, need to be partial to sports betting in order for it to be worth your while. This is especially the case as you can only choose one Paddy Power welcome bonus.

That’s right, while there are additional Paddy Power welcome offers for the different parts of the site, you can only choose one. This means that you should take some time to assess which type of betting you are most interested in and which promotion offers you personally the most value before committing.

Another quick term that’s important to point out is that you will need to enter the Paddy Power voucher code YSKAEQ during registration in order to qualify. These codes are fairly common, with other promotions like the Sky Bet voucher requiring them, but if you miss them out, you could be left disappointed.

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Claim the latest Paddy Power welcome offer restrictions – know before you bet

At this point, we think it’s fair to say that this promotion all around looks excellent, with the main negative being that you need to choose it over some other bonuses. Although, even that is likely a symptom of its generosity. However, it’s the moment of truth. This is the time we scour the terms and conditions to see if there are any notable restrictions which can turn an otherwise sweet bonus sour.

First things first, you need to be 18 years or over in order to utilise this promotion. Considering you need to be that age to gamble legally in Ireland and the United Kingdom, that should really be a no brainer. On a similar note, this promotion is only for residents of those two countries. Once again, this isn’t much of a restriction considering the user base of the site and its licensing.

More detailed restrictions include payment types, with e-wallets, in particular, being restricted. That means if your initial bet is made with the likes of PayPal, Skrill, Paysafe, or Neteller, for instance, then you will not be eligible for the risk-free bet bonus. This may disappoint some but is entirely typical and standard, and is something you can expect on virtually all comparable examples. So, while it is still a significant restriction, it’s not something that puts Paddy Power at a disadvantage to the competition.

Similarly, there’s a one-person per bonus limit. Most people expect this but maybe don’t realise this can go as far as IP addresses and home addresses. Once again, this is an unfortunate necessity due to the sheer amount of people attempting to take advantage of these types of bonuses. Also, we mentioned earlier that your risk-free bet must be placed on a Singles market, naturally restricting others.

All of these restrictions are what we expected and leave this promotion looking like a good prospect. However, what really propels it to the next level is the lack of restrictions for withdrawing your refunded cash. There are also no wagering requirements or minimum odds requirements, meaning that money is yours from the off. This really makes this promotion one you’d be foolish not to take advantage of.

Check out Paddy Power’s other bonuses in 2020

As one of the key caveats to this promotion is the fact that you can only pick one of the Paddy Power welcome offers, the other bonuses offered for new customers take on extra significance. The key competition in this regard is the casino bonus, offering £50 and 20 free spins for a £10 deposit. This obviously sounds excellent, and in terms of sheer monetary offers, it is larger than the sportsbook option. So, if you value these two parts of the site equally, the casino promotion may seem like your better option.

However, before you make up your mind on the Paddy Power welcome offers, do consider that there is a 35x wagering requirement. This is still very competitive and great value considering the competition – remember casino bonuses always do have tougher terms and conditions – but there’s little doubt that, while they are offering more, they are also asking for a lot more in return as well. Still, the choice is yours.

That is far from all that is available though. There’s a huge selection of other promotions to choose from, with some focused on accumulators, some on in-play sports, others for the casino and also some for the poker page, not to mention bet boosts and weekly prizes. Best of all, Paddy Power maintains its quality throughout.

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