Free Bets
How Do Free Bets Work?
Free bets are complimentary betting tokens that can be used to place online bets. Most UK betting sites offer free bets as gifts, which can be used to partially or fully cover bets placed.
In general, free bets enable players to reduce their risk of financial loss while placing bets. Simply put, free bets eliminate all or part of the financial risk associated with gambling, allowing players to place bets while maintaining their bankroll.
Free bets are a frequent strategy used by betting firms to draw new users to their websites and encourage account registrations. Because of this, new players can typically get the best free bets.
Free bet promos are managed differently by each betting site. Therefore, no two promotions are identical. This is why it's always a good idea to weigh up your options when it comes to free bet offers.
Free Bets Options
Every bettor differs in their risk tolerance and the markets they want to bet on. Because of this, a wide variety of free bets have been developed by betting sites. Here are the most popular:
Free Bets With No Deposit: These bonuses are exactly what they sound like—free! To get their hands on these free bets, players are not required to make a deposit or use any of their own funds. Naturally, these are the most popular free bet offers.
Risk-free Bets: Free betting bonuses are intended to reduce or even eliminate risk. But in many instances, taking advantage of these offers still carries some risk. Players who take advantage of risk-free bets will receive free bets even if they lose their initial bet. Risk-free bets serve as comfort blankets for bettors by providing them with the assurance that, should they lose, they will have all or part of their stake returned.
Matched Free Bet Promos: Also known as 100% matched free bets, matched free bet promotions are free bet bonuses that are equal to the player's initial deposit. For instance, a player who receives a £50 matched deposit bonus would first need to deposit and wager their own £50.
Acca Free Bets: Large sums of money can be earned when an acca bet is successful. Accumulator free bets are very popular among UK sports bettors. In some situations, bookmakers will combine acca insurance and free bet offerings, allowing customers to place a bet for nothing while still receiving payment if all but one leg wins.
In-Play Betting Free Bets: Free bets offered during live betting events have evolved along with betting technologies. This is evident in the recent burst of in-play free bet promotions. These are essentially free bets that can be used on live events.
Friend Referral Free Bets: Bookmakers will go to considerable lengths to entice new players to register with them rather than competing websites. A Refer a Friend free bet is one way. In exchange for recommending the website to a friend, a bookmaker will give free bets to an existing customer.
Free Bets for New Players
The majority of free bets are made available to players when they first open their betting account. While new player free bets tend to be the most advantageous free bets category, they can assume many forms. New players can claim no deposit free bets, matched free bets, football free bets and even risk-free bets, depending on which bookmaker they register with.
Free Bets Terms and Conditions
When comparing free bets and any betting offer, for that matter, paying attention to the terms and conditions is essential. The terms and conditions are the fine print, informing users of what they are entitled to and how to go about becoming eligible. By familiarising yourself with a free bet's terms and conditions, you will hold all the knowledge you need about the following:
- Free bet amount
- Deposit requirements
- Markets and bet types covered
- Deposit and withdrawal methods accepted
- The validity period of the free bet offers
- Restrictions surrounding withdrawing winnings made from free bets
How to Choose Free Bets
When choosing free bets, there are a few telltale signs that you have stumbled across a worthy promotion. These are:
You've Chosen a Safe Gambling Site: It is important that when comparing free bets, you only look into promotions featured on credible betting sites. Make sure that whatever betting site you are looking into has a full UKGC licence. It may also be worth reading through betting site reviews to see how highly players rate a specific bookmaker.
The Deposit Requirement is Fair: A free bet is only as good as the requirements set out in the terms and conditions. When reviewing these, be sure to look into the deposit requirement and ensure the reward is not outweighed by the risk.
There are Plenty of Withdrawal Methods: Feeling comfortable and safe on a betting site is of the utmost importance, especially when it comes to managing your bankroll. Before claiming a free bet, check that you can use a deposit and withdrawal method that you are comfortable with.
Many Markets Are Covered: Again, the Ts and Cs of the free bet offer will stipulate what bets can be placed with the bonus. Ensure your prefered betting market is on that list before claiming the offer.