Free Bets

Free bets are used by sportsbooks to attract and retain customers. They regularly form part of welcome offers, but they are also used as a way of re-engaging punters. Essentially, a free bet is when a bookmaker provides the stake up to a specified amount. In this article, we’ll take a look at free bets in full, highlight what they are used for, and give you some tips and tricks to ensure you get the most out of them.

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Deposit and wager the amount 5× (min odds 1.50). Once completed, you receive your original deposit back as a Free Bet, usable on any sport.

This is by far the most common type of free bet. Also known as a ‘bet token’ or ‘bet credit’, this is where a bookmaker will only return your winnings and not the stake. For example, if you place a €10 SNR bet at 3/1 (4.0) and win, you will only receive €30 back (the winnings) rather than €40 (winnings + stake) as you usually would.

These are becoming increasingly popular and sees a bookmaker refund your stake if a certain thing happens. The most common is ‘Money back if your horse finishes second’. Sometimes bookmakers have ‘Stake Returned as a Free Bet’ offers which are again dependent on a specific result happening in a specific market. An example is ‘Back Liverpool to win and if they lose, get your stake back as a free bet’.

This is when you have to place a bet in order to receive a free bet. An example would be ‘Bet €10, get €30 in Free Bets’.

This usually forms part of a bookmaker’s offer and thus is generally more generous than a Qualifying Free Bet. An example would be ‘Bet €25 and Get a €25 Free Bet’.

Some bookmakers offer a bonus just for depositing. This is often when you deposit using a particular payment method.

Refer-a-Friend offers tend to include a free bet once you have signed up and deposited a certain amount of money.

The Most Common Types of Free bet

How To Claim Free Bets

It is common for free bets to form part of a welcome offer. This is how you claim free bets if you are a new sportsbook customer:

Free Bets – What You Need To Know

When placing a free bet, you are not using any of your own cash. However, as you would expect, this comes with important conditions. These include:

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Conclusion

Free bets are a common way for sportsbooks to attract new customers, as well as retain existing ones. They effectively allow you to place bets risk-free, enabling you to experiment with different markets and betting strategies. However, like all bookmaker offers, it’s important to check the terms and conditions thoroughly before signing up. It is also important to gamble responsibly.

FAQS

What is a free bet?

A free bet is when a bookmaker gives you funds to place a bet. This means you don’t need to use your own money. It’s important to note that if your bet wins, you do not get your stake back.

Yes, you can usually use free bets on any sport. However, it’s not uncommon for sportsbooks to have specific offers based on particular sports such as horse racing. Consequently, we always recommend checking the terms and conditions of any free bet offer before signing up.

No, you are not able to withdraw free bets directly – they must be used to bet on a particular sports market. However, you are able to withdraw any winnings from a free bet. Note, though, that some free bets may have rollover or playthrough requirements.

Usually, sportsbooks do not allow you to use the cash out function with free bets.