What are free bets?
Free bets are used by almost all online bookmakers these days in order to attract more customers. Bookmakers are trying to attract more customers by offering incentives, while punters get some free money and a little boost in building their bankrolls. A win-win situation for both sides.
How do you know if I've qualified for a free bet?
In order to qualify for a free bet, it is critical to focus on bookmaker's Terms and Conditions.
Free bet is a pretty simple concept, is a truly straightforward idea, yet there are a lot of varieties at various bookmakers.
A large portion of the bookmakers has a plain straightforward offer, or a matched free bet. For instance, when you register an account and place your first £10 bet, you get another £10 bet for free. You usually need to utilize the whole amount at once, i.e. you can't part your £10 free bet into 2 x £5 bets.
The other kind of free bet offer is risk-free bet. In this case, the bookmaker is actually giving you hazard free first bet, which will be credited to your account if your first bet loses. If your first wager is a winner, you gather your rewards as per usual. On the off chance that it loses, you recover your stake and you get another opportunity.
The third sort of free bet offers is a deposit bonus. There are a few bookmakers who welcome their new clients with a half or full reward on their first deposit. For instance, you register for a new account at 10Bet, deposit £100 and they will grant you with a half of your deposit, which means extra £50 in your account. At that point, you can utilize your bonus as you wish.
Whatever sort is being referred to, you have to focus on Terms and Conditions. The greater part of the bookmakers has extremely strict standards.
You should focus on the following before you register for a new account:
- Is your country of residence in the list of eligible countries? There are also bookmakers who have a game restriction for some countries, and you won’t be able to register at all, let alone rewards.
- Are you using the eligible payment method? Some bookmakers don’t offer free bets and bonuses for customers who deposit using e-wallets (PayPal, Skrill or Neteller) and reward only deposits made using cards.
- Did you place a qualifying bet in order to claim free bet? Usually, your first bet needs to be minimum £10 and place at odds of evens 2.0 or higher.
- Did you enter bonus code during registration, if required?
After you made your qualifying bet, you should have in mind that your reward may expire after 7 days or expire after 30 days. Don’t panic if it’s not credited to your account immediately, as bookmakers usually credit free bet within 24 hours.
Obviously, these terms are different at different bookmakers. You should check bookmaker's terms and conditions before you register, make your first deposit and put down your first wager.
Can you withdraw a free bet?
Depends, and there are a few things you need to address. Usually, there could be wagering requirements before you can withdraw your winnings. Also, some bookmakers will credit you only the win part, meaning that your original stakes are not returned. Winnings made from free bets are usually credited to main wallets and are free to use as you wish. You can use it to bet on any sportsbook market, or for casino games.