What is a Free Bet? A free bet is a complimentary bonus of a specified value that is provided by bookmakers to promote player loyalty. Free bets can only be used to place a bet at the bookmaker that provided the promotion, and therefore cannot be withdrawn as a cash amount. To use a free bet offer, you need to meet the bonus requirements.
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Alongside deposit bonuses, free bets are the most popular form of bonuses in the online betting industry, especially to new players. Free bets can be seen as wagers you can make on the house’s expense. As a rule of thumb, you can only withdraw the winnings made from a free bet, and will not be able to cash in the free bet amount as well.
A free bet is a wager you can make without using your own money. Online sports betting sites offer free bets to encourage new customers to sign up. You choose the sport, game, and bet you want to make, just like you would with a real money wager. If you win, then your sportsbook account gets credited winnings like usual.
Having made your first deposit and placed that first bet, the sportsbook will give you a free bet up to the same amount. This is similar to the risk-free bet in that if your initial bet loses, you’ll have another chance with the free bet. However, this has a distinct advantage, in that if the initial bet wins, you’ll still gain the free bet.
Quite often free bets are not quite as free as they seem. In most cases, you will have to make a deposit, or a bet before the actual free bet is credited to your account. So whilst technically it is a free bet to be used with no risk on the bet itself, you may have had to make some spend prior to it being awarded.
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In the event of your opening bet with a new betting site being unsuccessful, punters may well be in a position to claim their stake back in the form of a free bet, making their opening bet risk free. Such offers provide customers with the chance to bet on markets in which they may well normally avoid.
Free Bet – Existing customers at bookies may well be awarded a free bet at what seems like a random time. This is just as a reward for consistent activity on the betting site. This is just as a reward for consistent activity on the betting site.
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