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Free Bets at Online Sportsbook, The Comprehensive Guide

Free Bets at Online Sportsbook, The Comprehensive Guide

Free bets are the perfect bonuses for punters and in today’s online betting industry these free bets come in all different shapes and sizes. Free bets can be used to test out online bookies or you can use them to try out a new betting market.

In fact, you are almost free to use the bet however you please but as with all bonuses, you need to read through the terms and conditions (T&Cs). These terms and conditions determine the true value of the free bet bonus and with hundreds of deals out there at the moment, understanding these bonus rules become even more important.

In this article, we’ll be looking closely at all the popular types of free bets and how you can take advantage of them and how they can boost your online betting bankroll. Read on to find out everything you need to know about the much-loved free bet bonus.

The Different Types of Free Bets Available at Sportsbooks

A free bet is essentially a limited amount of bonus money to be used at an online bookie. As we briefly touched upon earlier, some bonuses require a deposit and some bonuses are completely free. The latter bonus here is not essentially free as you are required to use your own money first. So, with this in mind, we’ll start off with the main type of free bet that you will come across most often, and this is the new player free bet.

Welcome Package Free Bet

The online betting industry is a competitive place and so bookies need to be creative to stand out from the crowd and attract new customers. The free bet is the bonus currently used to attract punters and it works very well. After all, who would say no to free money? The term free money needs to be used loosely here as most bonuses come with some degree of rules and conditions, known as the bonus terms and conditions.

The main purpose of these types of free bets is to test out the bookie to see if you like the site as a whole, whether you enjoy the available betting markets and if you can take advantage of their promotions. You’ll often find that these welcome packages give you a small amount of bonus money when you sign up and then offer a further bonus when you make your first deposit.

Existing Player Free Bet

Once you sign up and claim your welcome package bonuses, you’ll become a full member of that bookie. Once you’ve signed up to the site then you should get access to their ongoing promotion calendar. A lot of these bonuses will be available upon wagering or depositing a certain amount in a day, week or month.

Take the Sky Bet site, for example, their popular Sky Bet Club gives players a free £5 bet every week if they wager £25. If players meet this £25 level then the £5 bonus will be automatically credited to their accounts. As we mentioned, these free bets are not completely free as you are required to wager or deposit money before accessing them. So, it enforces the fact that you should always read the terms and conditions to understand the full value of the bonus and whether it is 100% free.

Free Bet Upon Losing

One more free bet that you will come across at online bookmakers is based around losing bets. Simply put, if you make a qualifying bet of a certain amount then you get a guarantee of a free bet if it loses. For example, a special horse racing promotion might include a free bet guarantee if you bet on a horse and it loses. Again, it’s not completely free but at least you have another bet available if you do lose.

Sportsbook Free Bet – Pros & Cons

Pros

  • You can bet on sports for free before you make a deposit
  • A useful way for beginners to get used to online betting
  • You can quickly double your money with deposit bonuses
  • Very often you can earn cash winnings
  • You can use the free bet on a wide selection of markets
  • Easiest to understand out of all the bonuses

Cons

  • Minimum odds are sometimes required to qualify bets
  • A useful way for beginners to get used to online betting
  • Wagering requirements and various bonus rules are often attached to the free bets
  • Maximum winnings are often limited to a predefined set amount

Important Free Bet Details

Wagering Requirements

The wagering requirements are the most talked-about bonus rule of them all and there is a good reason for this. It basically means that there is a total amount of wagering (or betting) required before you can access the bonus and any winnings made from it. Wagering requirements can be anything from 2x to 50x and obviously the smaller the number, the easier it is for you to meet the requirements and withdraw your money.

Max Winning Limit & Bet Limit

Sportsbooks will always create some form of a backstop for themselves and the maximum winnings limit does just that. This rule basically enforces that you can only win a certain amount from the free bet, it could be £50 or £500 but it stops punters being able to win thousands or even millions when using free bet money. The maximum bet limit is also linked to this as it only allows you to bet up to a certain amount per bet, therefore reducing the potential winning amount.

Free Bet Expiration Date

It might sound simple but punters should always take note of the free bet expiry date. The last thing that you want is to find out that your bonus has expired without being able to use it, this would just be throwing free money away. So, always remember to check the T&Cs and the bonus expiration rules before you claim.

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