10 Things You Need To Know About Free Bets
If you have been to an online casino or a sportsbook recently, then you will have probably seen plenty of advertisements stating that new customers can get free bet offers just for signing up. From free bet no deposit deals that give you a one-off sum to wager with, to free sports bets that provide you with a weekly dose of extra wagers, it seems that these promotions are hugely popular amongst betting sites and customers alike.
But free bets aren’t always what they seem. Many supposed no deposit free bet deals actually require the customer to make some fairly unprofitable wagers in order to qualify for their bonus. So if you’re looking to take advantage of a no deposit free bet promotion, you’re going to need to know exactly what to look out for.
01.What is a free bet?The basics of free bets.
- A free bet should mean that you get a fixed amount of money to bet with, just for signing up to a bookmaker.
- You can see plenty of evidence of these kinds of deals on the homepages of sportsbooks and online casino sites.
- Ideally, you would be able to use your free bets to wager on any of the sporting events at the website, and either lose your bet in a risk-free way, or get some very handy winnings without spending a penny.
- But as these special offers are essentially giving new customers money for nothing, it’s evident that there is rarely such thing as a completely free bet.
02.Why aren’t free bets always free?Get to grips with the terms and conditons.
So instead of being given £10 of free bets to wager as you choose, these kinds of free sports bet no deposit deals are invariably accompanied by plenty of terms and conditions that limit how you use your free bets. As a result, there’s a fairly common list of free bet deal restrictions that prove that free online sports betting isn’t so easy to find.
03.Why do free bets have restricted odds?Restrictions aren’t always a bad thing!
Your free bets will often be restricted for use on betting markets that have some fairly unpromising odds. So that instead of being able to make a potentially massive win, you’ll be restricted to betting on an event that can only give you a fairly limited profit.
04.Look for the rollover requirementsStart as you mean to go on!
In addition to the above, many free bet deals require you rollover the amount you bet a fixed number of times before you are able to claim your bonus. This can be anything up to 45 times or more, so be sure to check the small print before you sign up for these offers.
05.Do you need to make a deposit?What’s the difference between a free bet and a matched deposit offer?
Other things to look out for include sites that require you to make a fairly sizeable deposit with the brand before you are allotted any free bets. This might seem fairly contradictory to have to make a deposit of anything upwards of £10 in order to get your supposedly ‘free’ bets, but this doesn’t stop certain bookmakers advertising their welcome offers as ‘free bets’.
If you have to make a deposit then it’s not a ‘free bet’, so make sure you understand the risks associated before you go ahead and splash the cash.
06. Time limitsMake sure your free bet doesn’t run away from you
It’s fairly common to find free sports bet no deposit deals that give you just a handful of days to make your qualifying bets, otherwise your free bets will be invalidated. Whilst many of us won’t have a problem in using our free bets in seven days or less, some people can get caught out, so be sure to act fast to take advantage of welcome offers like this.
07.Where can you find no-deposit deals?The internet is full of bonus of bonus offers
These resources are handy as they can quickly unravel some of the more complex terms and conditions surrounding these free sports bet no deposit deals so that you can work out how generous the bookies are actually being.
- Thankfully, free bet promotions are so popular that there’s plenty of choice for finding a deal that’s suited to you.
- Whilst not all of the deals are completely free, by shopping around, you should be able to find a new customer welcome offer that can potentially boost your first bets in a profitable way.
- So be sure to check into the OpenOdds betting resource so that you can get a simple rundown of the best free bets offers that are currently on the market.
Whilst many of these kinds of free bet deal are linked to signing up offers, it’s important to remember that you can also get free bets just by staying loyal to a particular brand.
So look out for any loyalty or VIP schemes at your favourite bookmaker to see how you can be rewarded with free bets just by making a few wagers on your favourite sporting events.
08.How to use free betsIt so easy — even you can do it!
Once you’ve decided to sign up to a sportsbook to get your free bet deal, then you’ll need to be careful to use your free bets in the best way possible:
- The first thing to consider is the wagering requirements that accompany these promotions. Be sure to check through the terms and conditions for your bonus deal to make sure that you understand what you need to do next.
- The bonus terms and conditions can often be fairly complicated, but it’s worth persisting as there is nothing worse than having your free bets invalidated as a result of not following the brand’s guidelines.
- Most free bets deals will require you to rollover your free bet amounts in order to finally access your bonus funds. This means that you will often have to rollover the total amount anything up to 45 times by making multiple bets.
If that wasn’t complicated enough, you will often find that there are restrictions on what you can bet on with your free bets. Many sportsbooks won’t allow you to use free bets on anything from football accumulators to horse racing in general, so be sure to check the small print or seek customer service to clarify.
In addition to this, the majority of free bet deals will have restrictions on the odds of the sporting events that you can bet on. It’s fairly common for free bets deals to only allow betting on events with odds of evens or greater which can obviously limit any potential winnings that you make.
And finally, don’t forget that all free bet deals are accompanied by time restrictions. These can often mean that you have anything between 24 hours and 30 days to use your free bets, so be sure to act quickly to make sure that you make the most of these offers.
09.What other kinds of promotions are there?It’s not just free bet bonuses you can take advantage of
Many of these free bet deals suggest that there might be no such thing as free online sports betting. But that doesn’t mean that there aren’t many other promotions that can significantly boost your profits. A quick look at some of the best sports betting promotions that have been outlined at OpenOdds shows us that there are many alternatives to free bets deals that can be more profitable in the long run. From matched deposit bonuses, to commission-free deals, there’s plenty of options out there, so it’s always worth shopping around.
Many sportsbooks like to offer matched deposit deals to new customers. This means that your first deposit will be matched by the bookmaker, and it can provide you with up to 100% extra to play with. Such deals are invariably linked with some of the wagering requirements that we have already mentioned. So as always, check the small print before signing up. It’s fairly common to find betting exchanges that will be willing to sidestep their commission fees for new customers. Whilst this doesn’t sound like a spectacular deal, all betting fans know that even the smallest amount can seriously boost your profits over the long-term.
And finally some bookmakers don’t even bother to include any bonuses for new and existing customers. Instead they will put all of their efforts into giving you the lowest odds possible for your sports bets in a way that can often be more generous than some of these offers.
10.Final thoughts on free betsWhy should you take advantage of free bets?
So we’ve hopefully explained what free bets are, and illustrated that many supposed free bet deals don’t provide you with bets that are entirely free. With restrictive wagering requirements, tight timeframes and unfavourable odds, it shows that free bet deals can often be more trouble than they are worth.
Whilst this might put many people off signing up to these free bet deals, it’s important to remember that if you’re willing to put in the effort, then you can make these kinds of offers work in your favour. By shopping around and comparing the different deals offered by the huge range of bookmakers, you are sure to find a free bets deal that is slightly better than the competition.
Just don’t forget to read the small print and understand the details of your wagering requirements, and then you should be well on your way to making the most of your free bet deals.