Updated: May 2019
PaddyPower, an Irish bookie if you hadn't already guessed from the name, offers some of the most competitive online odds. Their money-back special promotional offers have proven extremely popular with the fans because of their ability to dramatically reduce the house advantage. PaddyPower has been around long before the internet and online gambling arrived, as it first started in 1988 when a trio of Irish bookmakers banded together to form the company. The corporation has a large land-based presence of betting shops spread all over Ireland and also into the United Kingdom.
Despite the fact that the business sprang out of Ireland, this is not where most of the profits are generated as they are licensed in most countries throughout the world. Their sports betting product is regulated and licensed by the Isle of Man Gambling Supervision Commission.
Paddy Power also holds UK Gambling Commission licenses for their poker, bingo and casino operations and they are traded on the stock exchange under the symbol PPB.
Owning several other international bookmakers extends the global influence of Paddy Power. Both Australian Sportsbet and IAS, two of the largest bookmakers in Australia, are owned by the Irish bookmaker. They also have a partnership with PMU, a large bookmaker operating out of France.
Paddy Power Offered Bonuses
A new account which places a bet to the value £/€ 10 of will receive three free bets of the same value but this welcome bonus is only valid at Paddy Power's sportsbooks.
Qualification requires players to place a bet with odds equalling 1/2 (-200 moneyline and 1.5 decimal) or greater. The bonus also applies to combined odds on parlays (multiples). The free bet offer is also only valid for the first 30-days and is open to about a dozen countries, including Britain and Ireland.
Following the same philosophy as a lot of other online gambling sites, Paddy Power doesn't qualify new members for the welcome bonus if they deposit via Skrill or Neteller. So, if you've been drawn to the site because of the welcome bonus be sure to avoid the above two deposit options so you don't miss out.
Depositing and Withdrawing
Paddy Power only accepts deposits in Great Britain Pounds and Euros, but all deposits and withdrawals are free of charge - excepting bank deposits where the institutions charge fees.
There is a fairly extensive list of options for topping up an account, with Visa, Mastercard, Entropay, Neteller, and Skrill all making the list.
Paypal is also available and still qualifies players for the welcome bonus and has the added benefit of being instantly available. Players can also choose to deposit via direct bank deposit and cheques, but there are delays while the funds clear.
Withdrawals are convenient and quick at Paddy Power with e-wallets processed in 3 - 4 business days, cashouts to credit and debit cards in 2 - 3 business days, and banks at 1 - 5 business days. All of these are in line with the cash availability many other online bookmakers provide.