GreatBet’s £20 Sign-up Offer Explained
The GreatBet sign-up offer for new customers is straightforward: bet £20 on anything and get a £20 free bet. No minimum odds. No qualifying market restrictions. No fixed-token splits. Place your first £20 bet on whatever you like, and a £20 free bet is added to your account.
That’s a notably unrestrictive welcome offer compared to the standard UK market, where most welcome offers come with minimum odds of 2.0, qualifying market restrictions, and free bet stake exclusions. Below we explain how GreatBet works as a bookmaker — because the operating model is unusual — and what makes the brand worth considering, particularly for serious value backers and traditional bookmaker fans.
Claim the GreatBet Sign-Up Offer →
18+. New customers only. Place a £20 qualifying bet and receive a £20 free bet. T&Cs apply. BeGambleAware.org
GreatBet Sign-Up Offer at a Glance
| Detail | Information |
|---|---|
| Welcome offer | Bet £20 Get £20 Free Bet |
| Qualifying bet | £20 on any market |
| Minimum odds | No minimum (bet on anything) |
| Promo code | Not required |
| Free bet structure | £20 free bet (single token) |
| Available to | New UK customers, 18+ |
| Operator | Gr8odds (UK Gambling Commission, licence 021483) |
| GAMSTOP | Registered |
What Is GreatBet?
GreatBet is worth understanding properly before signing up, because it works differently from most of the bookmakers covered on thatsagoal. It is a traditional UK bookmaker rather than a typical online sportsbook — operated by Gr8odds, which has held UK Gambling Commission licensed betting offices since 2010.
There are three ways to bet with GreatBet:
Website Betting — a request-a-bet platform that runs through the website. Rather than the standard “click and your bet is on” experience of a major sportsbook, bets are reviewed and processed manually, with prices set by a real trader. The platform is mobile-friendly and supports same-day withdrawals.
Telegram Betting — through the @gr8oddsbot account on Telegram, existing account holders can check balances and place bets directly via Telegram messages. This is genuinely useful for punters who want a discreet, low-friction route to a bet.
Phone Betting — bets placed by phone on the same markets as in their licensed shops, including Lucky 15s, Yankees, Patents and other traditional multiples.
The website service operates 10:00 am to 8:30 pm, seven days a week. Bets placed close to off times may not be accepted as they need to be reviewed and processed manually.
This is not a typical click-and-bet online sportsbook with thousands of in-play markets refreshing every second. It is a request-a-bet service backed by real bookmakers, and that distinction matters when deciding if it suits you.
Why Sign Up With GreatBet?
The traditional model has real advantages for certain punters. Three things in particular stand out:
1. No Winner Restrictions
GreatBet is a traditional bookmaker that takes bets without the aggressive winning-customer restrictions that have become common across the major UK online sportsbooks. This is genuinely difficult to overstate as a benefit if you’ve been restricted elsewhere — for serious value backers, racing punters who use form properly, or anyone whose bets have been progressively chopped down by the big firms, the ability to actually get money on at a UK-licensed operator is the entire game.
The trade-off is the request-a-bet model: your bets are manually reviewed before being accepted. In return, you get a bookmaker that doesn’t treat profitable customers as a problem to be managed.
2. Best Odds Guaranteed Every Day
GreatBet offers best odds guaranteed on all UK and Irish horse racing between 10:00 am and 8:30 pm, every day. Take an early price and if the starting price is bigger, you’re paid out at the bigger odds. Applies to singles only, with a maximum stake of £100 per race. That’s broad BOG coverage — many bookmakers cap BOG to specific meetings, time windows or limits.
For all the bookmakers offering BOG, see our best odds guaranteed guide.
3. Monthly Cashback Loyalty Scheme
GreatBet pay 5% cashback on the previous month’s net losses, credited on the 1st of each month. The minimum loss to qualify is £200 per calendar month. Cashback rewards are not included in the following month’s net loss calculation. Accounts must be open for the entirety of the previous month to qualify.
For regular punters, this is meaningful long-term value. A £400 net loss month returns £20 cashback; a £1,000 net loss month returns £50. It is a transparent retention scheme rather than the opaque “we may credit you a free bet sometimes” approach of some larger operators.
GreatBet Additional Offers and Concessions
Several existing-customer concessions are worth knowing about alongside the welcome offer:
Lucky 15/31/63 Bonuses. Double the odds on one winner if all selections run, plus 10% bonus for four winners in a Lucky 15, 15% for five winners in a Lucky 31, and 20% for six winners in a Lucky 63. Strong concessions for horse racing multiples punters.
Double Result. If your horse finishes first past the post but is later disqualified, you still get paid on UK and Irish racing. Common exclusions apply (wrong course, wrong weight, jockey failing to weigh-in).
Extra Place Races. A minimum of two extra place races every day, dependent on runner numbers under starter’s orders.
These concessions are oriented toward horse racing in particular — which fits GreatBet’s traditional bookmaker identity, where racing has always been the core product rather than an add-on to football.
How to Claim the GreatBet Sign-Up Offer
Step 1 — Visit GreatBet via the link on this page and register a new account. No promo code is required.
Step 2 — Deposit a minimum of £10 via the GreatBet banking portal. Minimum deposit is £10; maximum 10 deposits per day. Deposits must be from a payment source where you are the named account holder.
Step 3 — Place a £20 bet on any market. No minimum odds. No restrictions on market or bet type.
Step 4 — Once your qualifying bet settles, a £20 free bet is added to your account, ready to use.
Claim the GreatBet Sign-Up Offer →
How GreatBet’s Welcome Offer Compares to the Big Firms
The big-firm UK welcome offers — Bet £10 Get £30 at bet365, Bet £10 Get £40 at BoyleSports, Bet £10 Get £50 at Betfred — all come wrapped in restrictions. Minimum odds of 2.0 are standard. Some require specific payment methods (debit card only at bet365). Some exclude in-play. Most require the qualifying bet on specific markets.
GreatBet’s £20-for-£20 is a smaller cash amount but a materially less restricted offer:
| Welcome offer | Cash | Min odds | Restrictions |
|---|---|---|---|
| GreatBet | £20 → £20 free bet | No minimum | None on qualifying bet |
| bet365 | £10 → £30 Bet Credits | 1.2 | Debit card only |
| Betfred | £10 → £50 free bets | 2.0 | Code BETFRED50, debit card |
| BoyleSports | £10 → £40 free bet | 2.0 | NI excluded |
| Coral | £5 → £30 free bets | 1.5 | PayPal/Skrill/Neteller excluded |
For punters who want a higher cash amount and are happy to meet the standard min-odds 2.0 qualifying requirement, Betfred’s £50 or BoyleSports’ £40 deliver more raw value. For punters who specifically want flexibility on the qualifying bet — to bet on a short-priced favourite, on an each-way Lucky 15, in-play, or on a niche market — GreatBet’s no-minimum-odds offer is the more usable structure.
For a full comparison of UK welcome offers, see our free bets hub.
Who Is GreatBet For?
GreatBet suits a specific audience, and being honest about who it doesn’t suit matters as much as who it does.
It suits well:
Punters who have been restricted at the major bookmakers and want to actually get bets on at a UK-licensed operator.
Serious value backers, particularly horse racing punters who deal in early prices, BOG and Lucky 15s.
Traditional bookmaker fans who prefer the manual, request-a-bet model over algorithmic sportsbooks.
Regular punters who would benefit from the 5% monthly cashback over time.
Anyone wanting a flexible welcome offer where the qualifying bet isn’t tied to minimum odds or specific markets.
It suits less well:
Punters who want instant click-and-bet on thousands of in-play markets across every sport.
Football-first punters chasing Bet Builders, accumulator boosts and Premier League price boosts — the big firms cover those better.
Customers who only ever claim welcome offers, since the £20 free bet is smaller than competitors and the broader product is built for ongoing custom rather than churning sign-ups.
Anyone wanting live streaming and in-play match coverage — the request-a-bet model doesn’t lend itself to fast in-play turnaround.
The honest summary: GreatBet is a specialist option for serious punters and traditional bookmaker fans, not a one-stop sportsbook for the mass market. If that profile fits you, the welcome offer and concessions are genuinely worth claiming.
GreatBet Banking, Withdrawals and Account Setup
Deposits go through the GreatBet banking portal at pay.greatbet.co.uk. Log in, select your bank and the amount, then complete the payment via QR code or browser redirect. Balances update automatically once payment completes.
Minimum deposit is £10. Maximum 10 deposits per day. You can deposit only from a payment source where you are the named account holder.
Deposit limits can be set at any time. Minimums: £10 daily, £20 weekly, £50 monthly. Limits are net — if you withdraw more than your limit, you can deposit again up to the limit within the same period. Limit increases take 24 hours to apply.
Withdrawals are processed via the same banking portal. Add a bank account the first time you withdraw. Maximum three withdrawals per day, minimum £10 per transaction. Funds leave your GreatBet account immediately on withdrawal request and typically settle the same day or the next morning. Withdrawal requests after 4pm on Friday land in customer accounts by 10am Monday (Tuesday on bank holiday weekends).
GreatBet is operated by Gr8odds, licensed by the UK Gambling Commission (licence number 021483) and registered with GAMSTOP.
GreatBet Sign-Up Offer FAQs
What is the GreatBet welcome offer?
The GreatBet welcome offer is Bet £20 Get a £20 Free Bet. Place a £20 qualifying bet on any market, and a £20 free bet is added to your account once the qualifying bet settles. There are no minimum odds requirements and no qualifying market restrictions.
Is there a promo code for GreatBet?
No promo code is required for the welcome offer. The offer applies automatically when you register a new account and place your first £20 qualifying bet.
Are there minimum odds on the GreatBet welcome offer?
No. Unlike most UK welcome offers which require minimum odds of 2.0 (Evens), GreatBet’s welcome offer has no minimum odds requirement on the qualifying bet.
What is GreatBet?
GreatBet is a traditional UK bookmaker operating a request-a-bet service via website, Telegram and phone. It is operated by Gr8odds, licensed by the UK Gambling Commission since 2010 (licence 021483) and registered with GAMSTOP. The website service runs 10:00 am to 8:30 pm, seven days a week.
How is GreatBet different from bet365 or Betfred?
GreatBet operates as a request-a-bet service rather than a typical click-and-bet online sportsbook — bets are reviewed manually before acceptance. The main practical differences are that GreatBet doesn’t restrict winning customers in the way major firms often do, but doesn’t offer the same volume of in-play markets, live streaming or rapid sportsbook turnaround.
Does GreatBet restrict winning customers?
GreatBet operates as a traditional bookmaker without the aggressive winning-customer restrictions common at the major UK online sportsbooks. This is a meaningful differentiator for serious value backers and punters who have been restricted elsewhere.
Does GreatBet offer best odds guaranteed?
Yes. GreatBet offer best odds guaranteed on all UK and Irish horse racing between 10:00 am and 8:30 pm every day. Applies to singles only, with a maximum stake of £100 per race.
Does GreatBet have a loyalty scheme?
Yes. GreatBet pay 5% monthly cashback on the previous month’s net losses, credited on the 1st of each month. The minimum loss to qualify is £200 per calendar month, and the account must be open for the entirety of the previous month.
How fast are GreatBet withdrawals?
Withdrawals typically process the same day or next morning. Requests placed after 4pm on Friday settle in customer accounts by 10am Monday (Tuesday following bank holiday weekends). Maximum three withdrawals per day, minimum £10 per transaction.
How do I bet with GreatBet?
Three options: through the GreatBet website (a request-a-bet platform), through Telegram (search for the @gr8oddsbot account once you have an active account), or by phone on the same markets as their licensed shops.
More UK Bookmaker Sign-Up Offers
- bet365 Sign-Up Offer — Bet £10 Get £30 in Bet Credits
- Betfred Sign-Up Offer — Bet £10 Get £50 in Free Bets
- BoyleSports Sign-Up Offer — Bet £10 Get £40 in Free Bets
- Best Odds Guaranteed Guide — bookmakers paying SP if it drifts
- Bookmakers That Don’t Restrict Accounts — operators that take bets without restrictions
- Free Bets Hub — all UK bookmaker welcome offers
Claim the GreatBet Sign-Up Offer
GreatBet’s £20-for-£20 welcome offer is one of the most flexible welcome bonuses in UK betting, with no minimum odds and no market restrictions on the qualifying bet. Combined with daily best odds guaranteed, monthly cashback and a traditional bookmaker model that doesn’t restrict winning customers, GreatBet is a strong second account, particularly for horse racing punters and value backers.