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Free Bets: Explained

April 29, 2022

Free Bets: Explained

 

Free bets, often known as bonuses, are frequently associated with deposits in sports betting. They are widely publicised both in a positive and sometimes negative way. Most free bets are only accessible when you make your initial deposit at that particular sportsbook. Many bookies, for example, provide a £20 free bet with several restrictions. You must first deposit at least £5 into your account before receiving the £20 in free play money, which cannot be redeemed for cash. Almost every sportsbook offers some promotion to entice new customers, and there are a variety of ways to do it.

The idea is that new customers will join up for accounts and deposit money at sportsbooks, and if they win a few bets, they will stick with that bookmaker instead of going elsewhere. Free bets have both advantages and disadvantages. For instance, if you feel like you're gambling with free money, you're less likely to think about your wagers. If this is the case, you may deposit £100 into your account, and before you know it, both the initial £100 and the £100 in free money have vanished. The bonus is worth it if you know what you're doing and can hit a few bets and come out ahead, but there's a reason these offers exist. Sportsbooks not only collect your information for future spamming purposes, but they also have several terms and conditions that usually give them the upper hand.

Free bets appear to be a good deal on the surface, but they can quickly turn into a loss if you play into the sportsbook's hands.

How do I get a Free Bet?

The most typical ways to get free bets are to use a promo code or to make your first deposit. It may be both of these things in some circumstances. Bonus codes are often emailed to users once they register for an account, or they can be found in a variety of online promotions. A minimum deposit can range anywhere from £5 to £20, and in some cases, even more.

Free Bets

As previously said, free bets are the most straightforward offer. When you deposit, you usually get a certain amount of money to gamble with, and that money isn't redeemable for cash. If you bet the free £5 and lose, for example, that money is gone. You will be up £5 in real money if you wager £5 and profit another £5. Because you're betting with free money, it can be worth it to try something risky like an Acca, but some sportsbooks may cap your final payoff.

No Deposit Free Bets

Because no deposit is required, the values of these offers are usually small, such as £5 or £10. This approach is more challenging to retain customers because no deposit is required. Even if you end up winning this bet, you'll almost certainly have to wager your winnings several times before withdrawing your money. This is usually a one-time offer that allows gamblers to feel how that particular sportsbook operates and what kind of odds they offer.

Matched Deposit

These incentives are most commonly obtained through casino sites, as this is where they first saw popularity. Sportsbooks will usually match a deposit up to a certain amount, ranging from 50% to 300%

For example, with a 100% deposit match offer, if you deposit £100, you may get another £100 in free money. Before that free money can be withdrawn, it must meet certain wagering restrictions.