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What is a Free Bet Offer?
A free bet offer is a promotional offer commonly given by top bookmakers and sports betting sites to entice new customers or reward existing ones. It allows you to place a wager without risking any of your own money, as the bookmaker covers the cost of the bet.
Any winnings made from the free bet are yours to keep, although the original free bet stake is usually not returned.
To use an offer for a free bet, you must meet the bonus requirements. This could mean signing up with the bookie as a new player, registering a valid payment method, putting money into your account, or placing a bet on a certain sports event.
The terms and conditions of free bet offers vary from bookie to bookie, and it is important to read and understand them before accepting the offer.
Is a Free Bet Really Free?
The name “free bet” comes from the fact that punters don’t have to spend their money when using one of these offers. Free bet tokens cover the stakes instead of the player’s betting balance.
The catch with a free bet is that you almost always have to pay something to get it, and most free bet winnings can’t be cashed out right away.
Whether this cost is a qualifying bet, a first deposit, or joining a free bet club, knowing what is needed before your free bet bonus is credited is important.
How to Use Free Bets
Players who want to use a free bet offer usually have to open a new account with the bookmaker. This is because these deals are meant to bring in new customers.
Depending on the type of free bet, players should get the betting offer right after signing up or after meeting the bonus requirements, such as making a deposit or betting on an upcoming sports event.
If a bet made with the free bet wins, you should know that the stake money is not included in the winnings. For instance, if you place a €10 free bet on a result with odds of 3/1, you won’t get €40 in winnings. Instead, you’ll get €30. Also, most free bet offers have a time limit, so you have to use them within a certain amount of time, like 30 days.
Different Types of Free Bets
When it comes to free bets, there are different types that you can find. These free bets are essentially promotional offers provided by bookmakers to attract new customers or reward existing ones. Here are some types of free bets explained in simple terms:
- Matched Free Bets: With matched free bets, the bookmaker matches your initial bet with a free bet of the same value. For example, if you place a £10 bet, the bookmaker will give you a £10 free bet.
- Risk-Free Bets: Risk-free bets allow you to place a bet, and if it loses, the bookmaker refunds your stake as a free bet. For instance, if you place a £20 bet and it loses, you will receive a £20 free bet.
- No Deposit Free Bets: No deposit free bets are offered without requiring you to deposit any money. You simply sign up with the bookmaker, and they provide you with a free bet to use.
- Enhanced Odds: Enhanced odds promotions offer higher odds than usual for specific events or outcomes. For example, if a football team is usually priced at 2.00 to win, the bookmaker may offer enhanced odds of 5.00 for that team to win.
- Bet Insurance: Bet insurance allows you to place a bet, and if it loses, the bookmaker refunds your stake as a free bet. However, this type of free bet usually requires you to meet certain conditions, such as minimum odds or specific bet types.
- Loyalty-Free Bets: Loyalty-free bets are rewards given to existing customers as a way to thank them for their continued loyalty. These can be based on the customer’s betting activity or as part of a loyalty program.
Remember, each bookmaker may have different terms and conditions for their free bets, so it’s important to read and understand them before taking advantage of any offer. Free bets can be a great way to try out a bookmaker’s platform or boost your potential winnings, so keep an eye out for these promotions and enjoy the benefits they offer.
Betting Bonuses Terms and Conditions
Before claiming any free bets, you need to examine the terms and conditions. This is true regardless of what bonus you claim, whether it is a betting bonus, casino bonus or free bets. The free bet might sound amazing at first but turn worthless once you look at the conditions.
First, you need to ask yourself: Are the free bets valid for my intended bets? Most free bets are valid for football bets, often in a specific league. If you normally frequent the best tennis betting sites and never place bets on other sports, there is no point in claiming a free bet offer for football.
In addition, below, you will find other common conditions for free bet offers:
- Eligibility: Free bets may be restricted to new customers or available only to existing customers who meet certain criteria, such as making a deposit or placing a certain number of bets.
- Betting requirements: Free bets may have minimum odds requirements, meaning the bettor must place the free bet on a selection with odds above a certain threshold. If the min odds is 2.50, you can’t place bets below this while using your free bet.
- Time restrictions: Free bets may have a time limit, after which they expire and can no longer be used.
- Free bet stake restrictions: The value of the free bet may be capped, meaning that the bettor can only win a certain amount, even if their bet is successful.
- Withdrawal restrictions: Winnings from free bets may be subject to restrictions, such as being credited as bonus funds that cannot be withdrawn until certain conditions are met.
- Bet stakes not included: Most free bet winnings exclude bet credits stake. If you bet €20 and your total return is €80, the casino takes €20 while you €60.
- Min deposit: Unless you receive a no deposit betting bonus, your free spins require an initial deposit. You need to ensure your first deposit is above the minimum deposit limit to receive any offers.
It is important to carefully read and understand the terms and conditions of free bet offers before accepting them, as these conditions can significantly impact the value of the offer.
Types of Free Bets Online
There is more than one kind of “free bet” offer, so knowing what you want is a good start.
Most of the time, big brands have the best free bet offers because they have the money to offer very competitive promotions for new players. Most people like matched free bets, matched deposits, enhanced odds bonuses, no deposit free bets, and bets where the stake is not returned.
Some of the most popular types of free bets are:
- SNR stands for “stake not returned,” which is the most common kind of free bet. This means that you only get the money you win from the bet, not the money you put in.
- A matched free bet is usually given to people who are just starting out and making their very first bet. This means that the bookmaker will match your bet, so a €20 bet will turn into a €40 bet.
- A matched deposit is when the bookmaker matches the amount a player puts into their casino account. This is common when a new player makes their first deposit. For example, if a player puts €50 into their casino account, they will have €100 in total to play with.
- Enhanced odds bonuses are usually given to new players to give better odds on a sports event than are usually available. For example, the odds of 3.5 might become 13.5.
- No-deposit free bets are free bets that players get without having to make a deposit. Normally, they are given when signing up. Many people think these are the best free bets.
- Cash Back Free Bets are often preferred by high rollers as they require you to spend quite some money. If you end the period with a profit, you won’t receive any bonuses. But if you are in minus, you’ll receive parts of your losses back.
Popular Sports for Free Bets
Most of the time, you have to use a free bet on a certain sport, like football. However, on rare occasions, you can choose any sport, and all you have to do is go to the section that most interests you and place any qualifying bets you need to in order to get the free bet.
Many customers like to go to the page for football betting and use their free bet on a game that’s happening that day. Some people like to place free bets on horse races. Online bookmakers tend to change their free bet offers for the biggest sports events, like the Olympics or the World Cup. That means you can get certain free bets if you make a qualifying bet on a certain market.
Even though a free bet is an extra bonus, you can still earn real money if you use it well. We therefore urge to you read betting tips and predictions to get the best winning chances.
We have listed below the times when you might be able to get a special free bet.
⚽ Football Free Bets
Football is the most popular sport to bet on in the world, so it makes sense that there are a lot of free bets on football.
For a big Premier League or Champions League game, football betting sites might offer free bets. The same is true for big international competitions like the World Cup or the European Championship.
When you make your first deposit, you might even be able to get a number of football free bets, as this is the most common option.
🏇 Horse Racing Free Bets
There are a lot of other big horse racing events available, and it’s clear that betting is a big part of this sport. Because of this, horse racing betting sites will often have special free bet offers for the big races.
The Grand National, Royal Ascot, and British Champions Day are just a few of these. The Cheltenham Festival is another one to make a note of, as this is the biggest horse racing event in the UK.
Watch out for free bet offer increases during these events, so you can possibly take advantage.
🏈 NFL Super Bowl Free Bets
When it comes to grandeur and prestige, nothing beats the Super Bowl. The Super Bowl is always a big betting event worldwide, and it’s not unusual for NFL betting sites to offer free bets on the big game. It can be a great time to sign up for a betting account and get a free bet on one of the biggest sporting events of the year.
⛳ Golf Free Bets
There are golf free bets from a number of bookmakers. These tend to be advertised when big tournaments like the Masters or Open Championship are going on. Since so many people are interested in the Ryder Cup, you can also get free bets on it. You may be able to back a pick at a higher price or get a free bet if your player doesn’t make the cut.
Free Bet Offers Tips
To get the most out of a free bet offer and maximize your potential return, here are some tips to consider:
- Read and Understand the Terms: Before using a free bet offer, carefully read and understand the terms and conditions associated with it. Pay attention to any wagering requirements, minimum odds, or specific bet types that must be met to qualify for a withdrawal of winnings.
- Research and Compare Odds: Take the time to research and compare odds across different bookmakers. Look for the best odds available for the event or outcome you want to bet on. This ensures that you get the highest potential return if your bet is successful.
- Choose Value Bets: Look for value bets where the odds offered by the bookmaker are higher than your calculated probability of the outcome occurring. This increases your potential return on investment in the long run.
- Consider Multiple Bets: Instead of placing a single large bet with your free bet, consider splitting it into multiple smaller bets. This allows you to diversify your bets and potentially increase your chances of winning.
- Bet on Familiar Markets: Stick to betting on markets and sports that you are familiar with. Having knowledge and understanding of the sport or event can give you an edge in making informed betting decisions.
- Manage Your Bankroll: Treat your free bet as an investment and manage your bankroll wisely. Set a budget for your bets and avoid chasing losses. Wager a consistent percentage of your bankroll on each bet to ensure long-term sustainability.
- Stay Informed: Keep up to date with the latest news, team updates, and player performances. Stay informed about any factors that may impact the outcome of the event you are betting on. This information can help you make more informed betting decisions and increase your chances of success.
FAQs
Can I win real money while using free bet credits?
Free bets can make you money if you win, just like any other sports bet. You won’t get your stake back, but you will get the money you won. Keep in mind that most free bets need to be wagered, so you can’t withdraw your winnings right away.
Are free spins and free bets the same?
No, free spins can be used to play online slots, while free bets allow you to place sports bets. Free spins are one of the casino best bonuses, and just like free bets, it’s often given to new players making their first deposit.
Can a free bet be cashed in?
Unlike cash bets, free bets can’t be cashed out before the event starts or while it’s happening. You need to wait until the very end of the match.
How long are free bets valid?
It’s crucial to check the free bet expiry date to ensure you have enough time to use it. Most betting sites have a 7-day window between when a free bet is given and when it expires and is taken away. You can still place a free bet on a long-term event if allowed, like the FA Cup or the World Cup, though. You simply need to place the bet before the free bets expire, not necessarily see the result.
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