Free bets are one of the most popular bonuses handed out by sportsbooks. Online bookmakers are always seeking new customers or keeping existing punters happy. One of the ways bookies accomplish both tasks is by offering free bets.
Free bets are a glorious bonus offered by sportsbooks just for betting on sports. You likely already wager on sports. Free bets are just an incentive to continue betting on sports with a particular sportsbook.
If you aren't happy with your regular sportsbook or want to have accounts with multiple bookmakers to find the best betting odds, then you may be enticed to sign up with a bookie due to free bet offers.
In this article, we will explore the world of free bets. You will learn how free bets work and the benefit of signing up to a sportsbook that has free bet sign up offers.
What is a Free Bet?
Bookmakers give out free bets to encourage customer loyalty. Free bets are also used to entice new customers to sign up with a specific sportsbook. Free bets are a great way to lure new customers to use a sportsbook.
For the most part, a free bet is simply free money. Bookies provide them to existing customers from time to time, especially for big events. By providing punters a free bet here and there, punters are more likely to wager their money with that sportsbook.
Free bet offers are mostly given out by online bookies. The world of Internet sports betting is very competitive. Punters have a large choice of punters to sign up to. Free bets are one way in which bookmakers can attract customers and keep them.
Some free bets are given out as bonuses for signing up to a new bookie, while some bookmakers give out free bets to existing customers to keep them happy when big events roll around. Free bets can also be offered to customers for wagering on a specific event as a bonus.
Free bet offers are quite significant because it is like having free money in your betting account. If you are able to pick a winner with your free bet, then you will have won money without risking your own cash.
How do Free Bets Work?
The majority of sports betting websites will advertise a sign up bonus that is attractive to new customers. Free bets are oftentimes the reward for opening a brand new betting account.
Once you make an initial deposit in your betting account, free bets will typically be credited to your account. Some bookies won't credit your free bets to your account until you make your first bet.
Your free bet may match the same stake amount of your first bet with the sportsbook. This isn't always the case, however.
Terms and conditions apply when free bets are handed out by bookies. It is important to read the terms and conditions before signing up for any sportsbook.
It is important to remember that the winnings from a free bet do not include the stake. Since the stake was a free bet, you are not given the stake back as part of your payout. For example, if you place a £10 free bet on a 5/1 selection, you would stand to win £50 rather than £60.
How Do I Claim a Free Bet?
Typically, free bets are simply credited to your account when you sign up for a new bookmaker. This doesn't always occur, however.
Some betting websites will require you to enter a promo code to receive your free bets. Other websites will message you to inform you of available free bets.
Bet365 is an excellent website when it comes to providing existing customers with free bets. The website will send you a message about your free bets when you sign in to your account. When you add a selection to your bet slip, you will be asked whether you want to use your free bet or the money in your betting account.
Like Bet365, bookies will typically provide a tick box for you to click when you want to use your free bet. Claiming and using your free bet is that simple.
Do I need to be a new customer?
It is often believed you need to be a new customer at a sportsbook to gain free bets. You may know fellow punters that continually open a new betting account to access free bets.
You don't have to be a new customer to get betting offers like free bets, however. Sportsbooks want to keep existing customers from leaving for a more customer friendly bookmaker. As an existing customer, you will be provided free bets to remain loyal to a bookie.
Free bets are a great incentive to sign up to a bookmaker, while regular free bet credits are ideal for anyone wanting to remain with the same sports betting website.
Are There Free Bets for Existing Customers?
Once you have signed up for a sportsbook, you are no longer able to receive new customer betting offers. The majority of the industry's top bookmakers provide special betting offers from time to time.
To receive one of these free bet offers, you will need to qualify. For example, you may be depositing and betting money regularly with the sportsbook. You may even need to be winning money regularly to gain free bet credit.
You will be required to place a minimum or maximum bet stake amount to qualify for free bets. For example, you may need to wager £5 on a specific football match to receive a free bet of the same value to wager on the same game.
Various sportsbooks also offer free bets as a bonus if your original bet doesn't win. For example, a bookie may offer a horse racing free bet if your horse loses by a length on a previous wager.
How Much Can I Bet on a Free Bet?
All sports betting websites and sports betting offers are different. You need to read the terms and conditions for each free bet offer before accepting them.
Sportsbooks may only offer a free bet that matches a previous bet you placed. Some offers specify how much money you can wager in free bets. For example, you may be given a free £5 bet to place on a football match.
Depending on the bookie and the offer at the time, you will be given a specific amount of money in free bets to use. You cannot combine free bets.
What are Free Bet Stakes?
Most of the time, the stake is not returned to you if your free bet wins. The bookie doesn't give you the stake back and you are only paid out the winnings.
Yet, there are some bookies that offer free bet stakes. If you win the free bet, the bookie will pay out the stake along with the winners, just like a normal bet. You will need to read the terms and conditions at your sportsbook to find out if the stake is returned to you after winning a free bet.
Can I keep the Free Bet Winnings?
Just like a normal bet, you can keep the free bet winnings. However, before you can transfer the winnings to your bank account or eWallet, you will need to use the money to wager on other sports or casino games.
Bookies are happy to give away free bets. Yet, they don't want to give away free money to punters. Therefore, you will need to reinvest your winnings in more sports betting before you can withdraw the cash.
Do All Bookies Offer Free Bets?
Most industry leading bookmakers offer free bets. Some bookmakers provide better bonuses than others. Shopping around before signing up for a sportsbook will help you find the right bookie and free bet offer.
Free Bet Tips
You should place your free bet on a sporting event at high odds. Since the bet stake won't be returned, this allows you to maximise your profits if the bet wins. Just remember that the higher the odds for an event, the riskier the bet is.
When betting on football, it is wise to use the free bet on a 1x2 market. There are only three possible outcomes in the 1x2 market and you may receive high odds.
The match winner market for tennis or golf provides even more chances to win when using free bets. In tennis, there are only two possible outcomes. Therefore, you have a good possibility of picking a winner.
Where Can I Find Free Bets?
Free bets and free bet offers can be found on Easyodds. Simply visit the promo code page, and you can explore the incredible free bet offers.
Summary
Free bets are a great incentive to sign up for a new sportsbook. Existing customers can also receive free bet offers that maximise their sports betting experience.
Free bets are a great way to make money without risking cash from your own betting account. If a free bet is played right, you can win significant sums of cash.
