Bet for free? Sounds too good to be true. And it even gets better, since this kind of offer is very popular in the gambling sector! Free bets are in fact the most common form of sports betting promotions. The reason is simple: Both the customer and the bookie gets a great advantage. The customer gets to know a new provider playing for free, while the bookmaker hopes, in turn, to convince the new customer to become a regular client.
An example of a free bet. A classic offer would be, a €5 voucher to use in any pre-game bet of the Premier League opening matchday. You can now use this for any game of the specific matchday. If, for example, you bet on a game with a odds of 2,50 and win it, you would end up with €7,50 in real money on your betting account. It’s a profit for free. This is precisely why freebets are often referred to as so-called no deposit bonuses.
What are free bets?
Free bets are money you get for free to bet. So, you don’t need your own budget. They are very often awarded by bookmakers in order to make the respective betting offer palatable to the customer and to get a taste of the world of sports betting. There are many types of free bets. They come in a variety of forms. From a simple freebet too much more complex sports betting bonus.
How do I claim my free bet?
There are several ways to get a freebet. Here are the major ways to claim your free money bonus:
- You claim it as a new customer bonus. Usually, sports betting sites use them to lure new players. The best free bet offers are the No Deposit ones.
- You get it as a bonus for existing customers or as a high roller bonus. If its part of a reload bonus it could be named a deposit free bet offer. (“Deposit € 50 into your betting account and collect € 10 freebet!”). If you make the minimum deposit required, you will automatically be credited with the freebet.
- You can earn it or get it as a complimentary bonus for a lost game.
How can I get free bets no deposit?
As said, free bet offers come in many types. One of them – the best actually – is the No Deposit Free Bet, which is the one players love, since the only thing you betting sites with that offer require from you is to register as a new player. Maybe on some occasion, they will need you to verify either your phone number, either your account. But in general, that’s all needed from you and… voilà!
Are there any restrictions?
The restrictions on freebets depend entirely on the betting provider. In principle, the types of betting markets can be limited, there can be a minimum quota for the freebet or a maximum payout amount for the free bet. Note that usually terms and conditions T&Cs apply. Check the minimum odds needed, before claiming deposit free bets.
How can I use my free bet?
A freebet can either be redeemed using a voucher or promotion code or directly in the betting account. The latter works for many betting providers directly in the betting slip, where you only have to check the use of the freebet for the selected bet.
What is the difference between free bets and risk-free bets?
The difference between freebets and risk-free bets is the use of your own money: you usually do not have to invest your own budget in a free bet, whereas in a risk-free bet you use your own credit to bet. With a risk-free bet, you get your bet back as a cashback in the event of losing the bet. On the other side, a classic freebet, is placed with free money, so if you lose, you lose this free money, but if you win, you can make a profit out of nothing.
What are free bets for new customers?
They are a special form of welcome bonus. They are either part of the welcome offer and work as a deposit bonus so that depending on the deposit amount, you can claim a certain budget for freebets. Or they are a bonus to the bonus and you get them in addition to the first deposit anyway.
Can you directly withdraw?
In principle, a free bet cannot be paid out directly. As a general rule for you to follow, is always read the terms and conditions! It is therefore not possible to immerse the freebet for real money and to have it transferred directly to the account. The rule is: you always have to bet first and the bonus conditions must also be met. Once you have done this, you can have the freebet earnings paid out by the betting provider.
How can I withdraw my free bet?
A freebet is paid out just like a classic betting credit. Because it applies: Before you can withdraw the free bet, you must first convert it into real credit on the betting account. Only then can the payment be initiated. And in order to do this, you have to meet specific terms set by the bookmaker (min odds, payment method, open new account, etc.).