If you’ve played at online casinos before then you probably know all about no deposit bonuses, but what about free bets? Believe it or not, free bets are very similar to no deposit bonuses but they’s geared more towards the world of . Regardless of whether you’re a seasoned sports bettor or an experienced online slot spinner, everyone loves playing on free bets and with free spins. These promotions allow players to experience new games risk-free, which is definitely something we can get behind.
casino gambling appsIn this post we’re going to take a closer look at no deposit bonuses versus free bets, how they work, where to find them, which types are available and much more. Read on to learn everything you need to know about these awesome risk free promos.
What Are Free Bets and How Do They Work?
Just as the name suggests, free bets are wagers that punters can place without having to put any of their own money on the line. Just like no deposit bonuses offer casino games risk free, free bets provide sports bettors with the chance to potentially win real money without having to spend any of their own.
However, it’s important to note that even though a free bet doesn’t require a player’s own cash, any potential winnings from that bet must be withdrawn separately. This is because in order to give players something extra, all good online sportsbooks include the value of the free bet as winnable funds.
So, to put this into context let’s take a look at an example. Imagine placing a free £10 bet on a match with odds of 2.0 (even money) and winning. If that bet was successful you would receive the £20 return from the bet itself, plus the £10 initial free bet stake. Therefore, if you wanted to withdraw your entire balance of £30, you would be able to.
american slots onlineOn the other hand, if you placed that same £10 free bet and lost, you would withdraw any remaining funds that were in your account prior to placing the bet.
Where Can I Get Free Bet Offers?
Like most betting promotions, free bet offers are predominantly tied into an online bookie’s welcome bonus package, meaning they’re ideally suited to new customers only. With that being said there are certain instances where regular players can get their hands on one of these promos too. To help you get started, we’ve created a list of some of the best free bet offers available right now. As always, make sure you read through each promotion carefully to determine which offer suits you best:
Different Types of Free Bets
Much like no deposit bonuses, free bets come in a number of different forms and shapes and can be tailored towards specific types of punters. In this section of our blog we’ll break down the five main types of free bets so you know exactly what you’re dealing with next time you see one of these promos:
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These types of free bets are exactly the same as no deposit bonuses but are tailored towards sports betting. As we mentioned earlier in this piece, this type of promo is usually offered exclusively to new customers and allows players to place a free wager on any number of events, before deciding to continue playing at that sportsbook.
2. Free Bet on Sign Up
This is another new customer offer and generally involves registering for an online sportsbook and setting up an account. Once that process has been completed punters will be able to log in and place their free bet straight away. It really is as simple as that.
3. Free In Play Bet
This particular type of free bet is awarded to players while they're inside the sportsbook's live betting platform. Again, these promos can be tied into any number of qualifying criteria and can even be awarded simply for reaching a certain betting milestone, such as placing a number of wagers in one day.
4. Deposit Based Free Bet
Deposit based free bets are awarded to players after they have made their first financial transaction at an online sportsbook. Unlike other types of free bets where the reward is handed to players automatically, this type of promo usually requires punters to collect a number of rewards points in order to unlock their prize. The rate at which points are accumulated usually equates to £1 earned for every £10 wagered. So, if a free £10 bet was on offer players would need to place £100 worth of bets in order to collect.
5. Mobile Free Bet
As the name suggests, this type of free bet is awarded to punters who place bets via the bookies mobile site or dedicated app. This promo is designed to encourage players to use a particular sports betting platform and can often be used in conjunction with other free bet promotions.
Advantages of Free Bet Offers
Now that we’ve taken a close look at what free bets are, how they work and the various types that are available online, we thought it might be useful to highlight some of the key advantages these promos can bring:
Pros:
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Free bet offers give players the chance to try out a new sportsbook before they commit to depositing their own hard earned cash. This means players can test drive a betting platform, experiment with different markets and get to grips with features and functions without spending a penny.
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Winnings from free bets are paid out in cash, which means players aren’t tied into completing wagering requirements before they can withdraw. Furthermore, any money won from a free bet can be transferred between a betting account and a casino cash balance freely.
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Free bets allow punters to take more risks than they normally would. For instance, rather than placing a free £10 bet on a team to win at odds of 1.8 (three way betting), players may decide to use that free bet on the same team to win at 2.3 odds (two way betting). Although the probability of losing on the second bet is greater, should that bet be successful the player will win more money.
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There are loads of different types of free bets available and operators are constantly finding new ways to award these lucrative prizes. Whether players are picking up a free bet as part of a welcome bonus or have earned one through loyalty rewards, there are plenty of opportunities to boost your bankroll risk free.
Disadvantages of Free Bet Offers
Although there are certainly many benefits to using free bets, no deal is ever perfect and these promos do come with a few disadvantages:
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Not all sports bets are successful. Even if players manage to place a free bet on a sure thing, there are no guarantees that that wager is going to win. This means, in some instances people may end up walking away from a free bet empty handed.
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Free bet stakes are almost never payout. This means even if that free £10 bet on Manchester United to beat Liverpool at odds of 1.8 wins, all you will receive is the £19 returned from the bet itself. In order to withdraw that money you need to make another deposit and place a real money bet. Of course, once that has been done you can withdraw the entire balance if you wish.
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Free bets have expiry dates. Like many , these promos come with a time limit, which means players will only be able to use them on qualifying events that fall within that window. Fail to use the free bet in time and it will expire and be removed from the account.
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There are usually minimum odds requirements that must be met before a free bet can be used. This is to stop people taking a free £10 wager and betting on a result that has odds of 1.07 (not worth betting on, let alone using a free bet on!) and calling it a day. By increasing the minimum odds, operators protect themselves against this kind of behaviour.
Other Rewards Similar to Free Bet and No Deposit Bonus
If you’ve read through the section above and feel that free bets aren’t quite what you’re looking for, don’t worry - there are still lots of other rewards similar to no deposit bonuses and free bets that you can enjoy at online bookmakers. In fact, there are lots of different kinds of sports betting promotions that can add an extra dimension to your bets and enhance your winning chances.
✪✪□│Caesars Sportsbook Promo Code ═> Get 50 & Work Bonuses in Nevada and On the internetTo help you get started we’ve created a list of alternative rewards below:
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Money Back Specials - This popular type of promotion allows punters to get their money back as a free bet if their selection los comes second. This kind of offer is particularly popular with UK bettors and is often linked to high profile sporting events such as the Grand National horse race.
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Enhanced Odds Promotions - Under this system, online bookmakers boost the odds on a particular outcome by a significant margin, making it more profitable should that bet be successful. Enhanced odds promos are often linked to new accounts and can increase the value of a welcome package exponentially.
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Bet Credits - Sometimes referred to as “Risk Free Bets”, credit bets work in pretty much the same way as traditional no deposit bonuses or free bets, but with a couple of notable differences. Firstly, unlike a standard no deposit bonus that can often only be used on qualifying events, bet credits can be used on pretty much anything. Secondly, should a bet credit wager be successful, players will receive their winnings excluding the stake. This differs from a traditional free bet where the winnings, excluding the stake, are awarded.
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Accumulator/Parley Boosts - Also known as combo bets, accums/parlays are made up of several individual selections that must all be successful in order for the overall wager to win. Some online sportsbooks offer percentage increases on the overall winnings of these types of bets. For example, if a player places a five-fold combo with odds of 6.0 (inclusive) they may be entitled to a 10% boost, which would increase those winnings by 10%.
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Bet X Get X Offers - This type of betting promotion gives players something extra when they join a sportsbook. For example, Bet £10 Get £10 is a common welcome bonus that allows newly registered customers to claim a free £10 bet once they’ve placed a £10 wager.
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Loyalty Rewards - There are countless numbers of loyalty based sports betting promotions that reward punters for their consistency. From money back on a losing streak to free bets for casting a certain number of votes in the sportsbook’s betting contest, there are all manner of perks available to loyal players.
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Cash Outs - Although not technically a promotion, the ability to cash out a bet before the final whistle blows gives players a level of control over their wagers that cannot be underestimated. Be it cutting losses on a bet that isn’t going to plan, or cashing in big when your team goes three goals up, the humble cash out is one of the best innovations in online sports betting history.
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Most Popular Sports to Use Free Bets On
Seeing as we’ve covered no deposit bonuses and their equivalent for sports betting fans, free bets, let’s talk about the most popular sports to use them on! Much like most forms of betting and bonus usage, some sports just seem to lend themselves better to certain events. In this section of our blog we’ll take a look at the three most popular sports to use free bets on:
Football
Soccer, or football as our readers from across the pond call it, is by far the most popular sport to bet on in the UK and indeed, around the world. With top flight leagues in countries such as England, Spain, Germany, Italy and France, as well as international tournaments such as the World Cup and European Championships, there’s always a top quality game to bet on throughout the year. Given its popularity, most free bet offers at online sportsbooks are specifically tied into football and will award players with a wager they can use on any number of matches from these world class competitions.
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Along with football, is also one of the most commonly featured sports when it comes to free bet offers. This may surprise some people given the fact the World’s Greatest Sport isn’t as action packed as the Premier League et al, however, it’s flat out popularity with bettors makes it a must for any self respecting sportsbook. Indeed, with prestigious races such as the Kentucky Derby, Preakness Stakes, Epsom Derby and Ascot Gold Cup complemented by dozens of Blue Riband events from around the world, there’s always a top grade meeting to bet on.
Tennis
The fast paced, often unpredictable nature of makes it ideal for sports bettors using free bets. Given the fact there are weekly tournaments held around the globe, all leading up to the prestigious WTA Finals and ATP World Tour Finals for the ladies and gentlemen respectively, there are plenty of opportunities to use these lucrative promos. From backing a particular player to lift the trophy, to betting on the next set of serves, bettors can use free bets on literally hundreds of different tennis markets.
Final Thoughts on Free Bets vs No Deposit Bonuses Slot Sites
Well there you have it, everything you could ever want to know about free bets and their equivalency to no deposit bonuses found in the world of online slots. As we’ve learned throughout this piece, these types of promotions allow players to bet without risking their own cash and give them the chance to win real money. Although there are clear similarities between these two types of bonus, they do have certain differences.
online casino in paSlot players like the fact they can activate a no deposit bonus as soon as they register for an online casino and start spinning immediately. Sports bettors like the fact free bets allow them to dive straight into the action at a bookmaker without having to make a deposit. Ultimately, both types of bonus have their merits and offer players the opportunity to play their respective games risk free.
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