Wait A Bit For A Bet Offer

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Ever found that perfect house only to get out-bid on your offer? In seller’s markets, when demand is high and inventory is low, buyers often have to go above and beyond to make sure their offer stands out from the competition. Sometimes, multiple buyers vying for the same property can end up in a bidding war, both parties trying to sweeten the deal just enough to edge out the other. And while there’s no science behind winning a bidding war on a house, there are things that you can do to up your chances. Here are eight of them.

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Up your offer

Money talks. Your best bet if you’re set on a winning a bidding war on a house is, you guessed it, offering more money than the other person. Depending on the home’s price, location, and how high the demand is, upping your offer doesn’t have to mean ponying up to pay another ten thousand dollars or more. Sometimes, even going up just a few thousand dollars can make the difference between getting a property and losing out on it.

One important thing to keep in mind when upping your offer, however: just because you’re ready to pay more for a house doesn’t mean the bank is. When it comes to your mortgage, you’re still only going to be able to get a loan for up to what the house appraises for. So if your higher offer gets accepted, that extra money might be coming out of your own pocket.

Be ready to show your pre-approval

Sellers are looking for strong buyers who are going to see a contract through to the end. To let them know how serious you are, it helps to have a pre-approval from your lender clearly stating that you’ll be able to borrow enough money to purchase the house. Make sure that the pre-approval document you show is specific to the property in question (your lender will be able to draft a letter for you; you’ll just have to give them a heads up). If your goal is winning a bidding war on a house where there is just you and another potential buyer and you can easily present your pre-approval, the seller is going to be more inclined to go with the sure thing.

Increase the amount you’re willing to put down

If you’re up against another buyer or buyers, it can be incredibly helpful to increase your down payment commitment. A higher down payment means less money will be required from the bank, which is ideal if a bidding war is pushing the price above and beyond what it might appraise for.

In addition to a verbal promise to increase your down payment, back up your claim with financial proof. Presenting documents such as pay stubs, tax forms, and your 401(k) balance shows that not only are you prepared to put more down, but you also have the funds to do it.

Waive your contingencies

Contingencies are certain things that must be met in order to close a deal on a property. If they’re not met, the buyer is allowed to back out without losing any money. By waiving your contingencies—for example, your financial contingency (an agreement that the buyer will only buy the property if they get a large enough loan from the bank) or your inspection contingency (an agreement that the buyer will only buy the property if there aren’t any dealbreaker issues found during the home inspection)—you show just how badly you want to move forward with the deal. It is still possible to back out after waiving your contingencies, but you’ll lose your earnest money.

There is a risk in waiving contingencies though, as you might imagine. Your contingencies give you the wiggle room you need as a buyer to renegotiate terms and price. So if you waive your inspection contingency and then find out during inspection that the home has serious foundational issues, you’re either going to have to sacrifice your earnest money or pay for expensive repairs once the title has been transferred. However, waiving one or more contingencies in a bidding war could be the extra push you need to get the house. You just have to make sure the risk is worth it.

Pay in cash

This obviously isn’t going to apply to everyone, but if you have the cash to cover the purchase price, offer to pay it all up front instead of getting financing. Not only are you eliminating the need for a third party to get involved in the deal, you’re also showing the seller that you mean business. There’s a risk any time a lender has to get involved—when you eliminate their presence, you eliminate the risk. Again though, very few standard buyers are going to have the necessary funds to buy a house outright. If this option doesn’t apply to you, skip it.

Include an escalation clause

An escalation clause can be an excellent asset when trying to win a bidding war. Simply put, the escalation clause is an addendum to your offer that states you’re willing to go up by X amount if another buyer matches your offer. More specifically, it dictates that you will raise your offer by a specific increment whenever another bid is made, up to a set limit.

There’s an argument to be made that escalation clauses show your hand in a way that you might not want to do as a buyer, informing the seller of just how interested you are in the property. However, if winning a bidding war on a house is the end result you’re looking for, there’s nothing wrong with putting it all on the table and letting a seller know how serious you are. Work with your realtor to come up with an escalation clause that fits with both your strategy and your budget.

Have your inspector on speed dial

For both the buyer and the seller, a home inspection is a hurdle that has to be jumped before a deal can close, and there’s a lot riding on it. If you want to edge out another buyer, offer to do your inspection right away. This way, the seller doesn’t have to worry that by accepting an offer and taking their property off the market they’re wasting time that could be spent getting something better. You can do this in conjunction with waiving your inspection contingency if you’re really confident you want the house no matter what, or you could agree to a shortened contingency period. The goal here is to speed up the process as much as you can, in turn providing a benefit to both yourself and the seller.

Get personal

While money is pretty much always going to be the final deciding factor in a real estate decision, it never hurts to humanize your offer with a personal appeal. If you love a property, let the seller know in a letter. Be open and honest regarding why you feel so strongly about their home and why you think you’re the right buyer for it, and don’t be afraid to get a little emotional. This tactic isn’t going to work on all sellers (and almost certainly not on investors), but on a seller who themselves feels a strong connection to the property, it may make a positive impact.

Winning a bidding war on a house takes a bit of strategy and a bit of luck. Your realtor will be able to help guide you through each step of the process so that you know you’re making the right decisions at the right times. Be confident, be calm, and trust that if it’s meant to happen, it will.

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How to use your 1xBit bonus code? (Steps)

  1. Visit the bookmaker’s website and find the “Registration” button.
  2. After you click on the button to create your account at 1xBit, you will be able to complete the process.
  3. You will see the field which states “Enter promo code”. There you can fill in our code BETENEMY to get your bonus.
  4. Register your account, make your first deposit on the website with a cryptocurrency and you will receive your bonus.

1xBit is one of a string of sportsbooks that are tapping into the continued success of Bitcoin. They are able to offer a vast range of betting promotions and bonuses, which is one of the highlights of the brand.

As we work through our 1xBit review of the bonuses available, we highlight how each works and the best way for you to trigger these offers and then claim them.

Welcome Bonus Up To 8.75 BTC

At BetEnemy we have an exclusive relationship with 1xBit, and we’ve managed to get you guys an exclusive welcome bonus that uses our very own bonus code. You may have noticed that on-site they promote a welcome offer worth up to 7 BTC. However, if you apply the bonus code “BETENEMY” then they will increase the bonus up to 8.75 BTC. This is 25% extra, for free, merely using our 1xBit promo code.

To claim the offer, you need to make sure that you enter the bonus code when you make your first deposit. As you will see, this offer is spread over multiple deposits, and if you do not include this with your first deposit, then you will not be able to claim the offer.

Here is how the signup offer works:

The first thing to note here is that you have to create an account and make a minimum deposit of 5 mBTC. One thing that you need to note early on is that you can only claim the next offer if your deposit is equal or above the previous one.

For example, let’s say that you deposit 5 mBTC for the opening offer. This means that your next deposit needs to be 5 mBTC or greater. It then runs down to the remaining deposit to at least match or better the one previous.

When you have made your first deposit, you are going to be getting a 100% match worth up to 2.75 BTC for your first deposit bonus. Again, this triggers on a deposit of 5 mBTC or higher. It’s also worth noting that this includes the larger upper limits that you get access to with your “BETENEMY” 1xBit bonus code.

The next three deposits will be matched as follows:

  • 2nd deposit = 50% up to 1 BTC
  • 3rd deposit = 100% up to 2 BTC
  • 4th deposit = 50% up to 3 BTC

The bonus money will be applied to your account as soon as your deposit has been cleared. This means you get the bonus straight away and you can use it on any bets that you like.

  • You need to wager the bonus money 40 times within 30 days. This is applied to each of the bonuses. You can’t start one up until you have finished the previous one.
  • For example, if you’re halfway through your first bonus and you make another deposit, this will not trigger the second bonus. You will either need to fully clear the first one or wait until the period to clear said bonus has elapsed.
  • One of the best things about the bonus is that you can clear it across both sports and casino games. This is relatively unique for offers like this, so it’s good to see.
  • As long as sports bets are priced at 1.60 and up, then there are few limitations, however, with the casino, it’s a little more limited. The following games are all prohibited from counting towards clearing this offer: baccarat, blackjack, poker, roulette, lottery and scratch cards.
  • Some slots are limited as well, although these are mainly from their smaller game providers.
  • Any bets, spins or wagers that exceed in 20 mBTC in value will not count towards clearing this offer.

While it may seem like a lot is going on here, it’s not a bad bonus at all. We like how it links both sports and casino, and even though wagering is on the high side, it’s not excessive.

Other Bonuses for Existing Players

One of the highlights of 1xBit is that they can offer a wide range of existing promotions. It’s an important feature to have for any successful sportsbook, so to then take this so seriously has been refreshing to see.

You also need to be aware that these offers continue to change throughout the week/month. They often target high profile sporting events or matches, so it stays fresh. The value ranges as a result, with some offers being better than others. But we are always thankful when we see that at least they are making an effort to give something back to the players. Below we’ve included a handful of their better promotions. As we say, they change quite regularly, so feel free to check out their promotions tab for offers that aren’t as long term as the ones we have listed below.

Accumulator of the Day

This is, without doubt, our most favoured promotion (outside of the welcome offer) that 1xBit covers. It’s pretty simple, and as the name would suggest, you get to choose from a list of accumulator bets that 1xBit creates.

As part of the promo, if the accumulator that you choose wins, then you will get a 10% bonus applied to your winnings and paid out in cash.

To access this, you need to head to the home page, enter your 1xBit login info, go to the Accumulator of the Day section and then make your pick from the menu on the screen. There are no minimum stakes to hit for this as well, which makes it even more accessible.

100% Bet Insurance

Insurance is relatively new to the betting industry. It is something that is much more at home with casino games, such as blackjack. But 1xBit have their own spin on this feature within their site.

Wait a bit for a bet offering

It allows you to take insurance out on bets that you place. The amount of insurance means that you are refunded for part of all of your stake should that bet loose. You can choose multiples of insurance to include, ranging from 10% right up to 100%. It’s worth noting that it cannot exceed 100% at any point.

An example might come from placing a straightforward bet at odds of 1.80. You stake 5 mBTC on this bet, and then you take insurance for 2.43 mBTC. If the bet goes on to win, you take your 9 mBTC paid in full. If that bet loses then you get 5 mBTC paid as you had the bet insured.

It seems pretty straightforward, but there is some strategy that you can apply to make sure you properly take advantage of this feature. That strategy, however, will be saved for another article.

Advancebet

Another exciting feature that 1xBit sportsbook offers is that of Advancebet. This is basically where they offer you a loan to continue betting when you already have bets placed. They use these bets to cover your future bets, and then if they are successful, the money is distributed accordingly.

The bets are all based on the odds that you have taken along with the amount staked from your main account. It works out how much you could potentially win and also the amount you could lose (stake). 1xBit then gives you a sum of money to keep betting.

  • If the bets that you place using the Advancebet win, but the bet that you placed with your own money loses, then those winnings will be paid to cover your stake.
  • If your bet wins and the Advancebet loses, then you get your stake, minus the Advancebet price.
  • If both bets lose, Advancebet will be deemed void, and you lose your original bet amount.

The concept is that it frees up cash flow to allow you to use potential winnings to keep betting. It’s another feature that is very rare within the industry and one that we have thoroughly enjoyed using.

Toto

Toto is 1xBit’s free to play sports betting game. Every day they provide you with 12 sports betting markets that you need to predict the winner. The game is free to play, and winnings are paid in bonus points to be used at the 1xBit bonus store.

You can find the list of games within the sportsbook and form there you simply choose the 1×2 of the result of that match. Winnings will start from as little as eight correct results. Here is the breakdown:

  • 8 correct = 100 points
  • 9 correct = 250 points
  • 10 correct = 1,000 points
  • 11 correct = 5,000 points
  • 12 correct = 10,000 points

The draw for the games will be made each morning on the site, and you must get your predictions in before the start of the first game.

Promo Code Store

Wait A Bit For A Bet Offer

The promo code store is the Hub of the VIP section within the sportsbook. It follows on from the points earned for things like the Toto offer above and with it, you earn points for every bet that you place on the site.

As the bets that you place increase, so will the number of points that you earn. You can then redeem those points for a variety of things within the store. The more points you have, the more lucrative the prizes that you have on offer.

One thing that you need to note is that you can sort the offers into categories that include sports, esports, games and betting. This means that you can target the types of betting markets that you want to claim your offers with.

There are dozens of offers to choose from, so you can dial into something that is going to best suit you. For example, one of the offers on-site is for a free €1 bet to be used on a Formula 1 betting market. This costs just 100 points, and you can claim it as many times as you like.

To put the points into some context, if you were to win the Toto game above, you would be credited with 10,000 points. This would equate to €100 worth of bets for Formula 1.

The types of offers will range. They include things like free spins at the casino, single bets, the currency for bonus points, lottery and accumulator bets.

Is There a No Deposit Bonus offered by 1xBit?

Technically there isn’t a 1xBit no deposit bonus on the 1xBit site right now. These offers are becoming less common, so it’s of little surprise to see they have not included one.

There is a way that you can claim a prize without having to make a deposit, though. This comes from playing the Toto game above and then using any points you win in the promo code store. It’s not the easiest route, but it gives you a free chance every day to claim some free stuff, which is always welcomed.

Is There a Mobile Offer?

There are no mobile-specific offers at 1xBit. But you can claim all of the promotions and the offers that we have spoken about so far within this article. 1xBit comes packed with offers as well, and each of them works great on mobile.

To get the apps, you first need to head to the 1xBit sportsbook or casino via your smartphone browser. You then need to navigate to the mobile section which can be found in the footer. For Android users, you will have to download the .APK file and then install it the old-fashioned way. You will need to make sure you allow unknown sources in your phones download settings to get this working. Likely, you have already done this at some point, but if it’s not working, then this is likely the issue.

iOS users need to go to the same page, but they will then be asked to scan their QR code to start the download. It takes just a couple of minutes, but both apps are great to use and well worth downloading.

Payment Methods and Limits

Payment MethodDeposit MinimumDeposit MaximumTime for DepositMinimum WithdrawalWithdrawal MaximumTime for Withdrawal
Bitcoin1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
LocalBitcoins1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Crex241.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Mycelium Local Trader1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Paymium1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
CoinCorner1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
BitPanda1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
BitSquare1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Coinmama1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Bitboat1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Belgacoin1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Bitit1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
HappyCoins1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Bitcoin.de1.00 mBT250.00 mBTup to 3 hours1.00 mBTunlimitedup to 3 hours
Wall of Coins1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours
Coin ATM Radar1.00 mBTunlimitedup to 3 hours1.00 mBTunlimitedup to 3 hours

Given that this is a bitcoin site, it will come as no surprise to hear that bitcoin is the only payment method that is accepted here.

One of the many positives of this is that they include a ton of different bitcoin banking methods. In fact, there are over 60 to choose from, and it pretty much ticks all the bases when it comes to choice. The sportsbook includes recommendations for which one they would use. They target the ones that have the lowest fee involved, and it’s worth noting that these fees are charged by the bitcoin carrier, not 1xBit.

Offer

The minimum deposit that you can make on the site is that of 1.00 mBTC. It’s worth noting that bitcoin is not the only cryptocurrency that you can use on-site. You can also access Dogecoins, Ripple and Tron.Given that banking can be done anonymously with these cryptocurrencies, it means that withdrawals are completed in next to no time. There are no checks to be made, which is the main reason why they take so long in standard sportsbooks and casinos.

Questions and Answers

Do I need to enter a bonus code to claim any of these offers?

Yes, you need to use the 1xBit bonus code “BETENEMY” to claim 8.75 BTC instead of 7.0 BTC, which is the standard offer.

Do I claim the whole welcome offer from the first deposit?

No, the welcome offer is broken up into your first four deposits.

No, only one offer can be claimed at any time. If you deposit while one offer is still running, it will not qualify for the following bonus.

Can I use any other currency apart from cryptocurrency?

The only cryptocurrency is accepted on-site, but there are plenty of options other than solely bitcoin.

You can claim this every day once the new bets are published. You have until the start of the first game to be within a chance of winning the bonus.

Simply visit the bonus section within the sportsbook and then you will be taken to the store.

There are currently no 1xBit no deposit bonuses on offer.

You can, but not at the same time. You need to clear one before you start the other as they are linked under the same account.

About 1xBit

1xBit has been online since 2016 and they take advantage of a niche within the gambling sector that encourage only cryptocurrencies on site.

Since then, the brand has enjoyed quite a bit of success. They offer their product in more than 40 different languages are still widely regarded as one of the biggest crypto sportsbooks in the industry.

Contact Information

There’s an excellent range of contact information on site. They include email addresses, a contact form and live chat. However, we must add that sometimes the live chat function is not working. It always states that it is online, but it just kept asking to refresh the page. This problem with the option is happening very rare.

Here are the details that you need:

  • General queries:support-en@1x-bit.com
  • Security department:security@1x-bit.com
  • Public relations and advertising:marketing@1x-bit.com
  • Partnership queries (online):b2b@1x-bit.com

Bonus Rating and Final Verdict


You’ve got a great package here at 1xbit, and they’ve come up with some outstanding bonuses. The welcome offer that is boosted with the promo code “BETENEMY” offers a massive 8.75 BTC. We even like that you get to break this down into more manageable chunks over four deposits.

The downside this that you need to wager the amount 40 times before being able to withdraw your bonus funds. It’s not massively above the industry average for these types of offers, but it’s enough for us to dock them a point or two.

The upside is that they include a vast range of existing player offers. The likes of the daily accumulator bonus, bet insurance and the Advancebet are all cool features. Overall, there is a lot to like. The welcome offer just needs a little polishing to give that half-mark to get into our best offers, but it’s not all that far away.

Bonus info

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Wait A Bit For A Bet Offer Free

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