What are betting bonuses?

Bookmakers offer bonuses to both new clients of the betting sites and also to existing customers time and time again. Typically there are different, sometimes quite complex steps required to receive bonuses in free bets. Bookies normally increase the quantity and quality of offers and promotions available ahead of the big sporting events. After receiving a bonus it is standard that you will need to make several bets with certain odds. If your bet is successful, the winnings will be added to your account. Bookmakers tend to promote the best free bet offers as they are attractive for new users.

What is a free bet?

A Free bet is, as the name suggests, a bet which you can make which does not cost you any money should it lose. In that sense this bet was free. If the bet wins it is almost always the case that you get the winnings returned to you, but not the “free” stake amount. Sometimes there are restrictions on what you can use the Free bet on such as it must be on specific sports or at certain odds. Usually once the Free bet has won the winnings are returned to you and yours to now keep and do as you want with, either gamble them some more or withdraw them. It is possible though that the winnings will need to be wagered some more and there can be further restrictions on maximum winnings and the minimum number of bets that need to be placed so it is important to read all terms and conditions carefully.

Types of Free bets

There are several different types of Free bet available for you to use, the differences come from when they are credited, what the restrictions are, is the stake returned with the Free bet, and a large number of other factors. Each bookmaker is a different company to the next so there is no reason for the Free bet offers to be the same.

Free bet after depositing

To receive this kind of a bonus you need to register a new account and then make your first  deposit of a certain amount of money into your account. There can be restrictions on which deposit methods qualify for this so check that first. Often the amount you need to deposit is not fixed but the more you deposit then the larger the bonus will be, so you can get up to a fixed maximum amount. You can’t withdraw money straight after you receive a free bet. You need to complete any wagering T&C’s first if you don’t want your Free bet to be forfeited.

No Deposit Free bet

In this case you don’t actually even need to make a deposit to receive the Free bet. Bookmakers usually offer Free bets such as these after new account registrations. You only need to fill in all the necessary information to sign up on the website and probably complete KYC verification  in order to get the bonus.

Risk Free bet

A Risk Free bet differs from a Free bet because it does actually use your money. You must have a balance in your account and this is taken to fund the bet and if the bet wins then it is no different to any other bet, the winnings AND the stake amount are returned to you. Where this bet differs is that if your bet loses, now your stake is returned. Sometimes it is returned as cash but also sometimes it is given as another Free bet which must be bet again and winnings kept.

Loyalty Or Existing Customer Free Bets

To attract new bettors bookmakers try to make up the best free bet offers. Whilst it is true that most bookmakers offer Free bets to new customers only, they can also offer them to existing customers either as a reward for placing a lot of bets or as an incentive to get people back and gambling again. It is possible that you can get this offer available on the website if you have already deposited a lot of money but every bookmaker is different and there are no guarantees. These Free bet offers will almost certainly follow the same rules as for a standard Free bet or a Risk Free bet that the bookmaker in question has. You can use the table below to find the best option of free bets.

The types of free bets are the following:

Type of a free bet

Description

Free bet after depositing

Deposit a certain amount of money to obtain this bonus

No deposit free bet

You only need to sign up and verify your identity to get this bonus

Loyalty free bet

It will be granted to you as an existing customer for any number of reasons.

Risk free bet

In case your bet is lost you don’t lose real money

Important things to know about Free bets

What to Focus on when Choosing a Free bet

A bettor usually has a wide range of bookmakers and each with different promotions to choose from. This is why it’s important to pay attention to exactly what it is that each bookmaker offers. Read terms and conditions carefully before accepting a free bet, for example pay attention to what kind of sports you can place a free bet on is one thing to look for. Usually promotions are clear with events they’re offered for, but sometimes it can be a general offer, so you’d better know what range of sports it covers.

Another thing is how much you should deposit, in some cases a fixed amount is required. Bookmakers tend to set a low amount for a deposit as a rule, however check this and make sure that the required amount is suitable for you.

You also need to check the wagering requirements, i.e. how much you should bet and what are the minimal and maximal odds. Also check when a promotion offer expires, otherwise you may spend some time and money just to find out that the offer is not available anymore.

How to Get a Free Bet

The first thing you need to do in order to get a Free bet is to have a valid account at that Bookmaker. Then you need to accept the terms of the offer that you choose and follow the steps described in the rules. Some Free bets may require deposits, some may not, but all will have various conditions attached. In case it is a no deposit free bet you don’t need to transfer your own money to the account. Otherwise you need to deposit money and sometimes even place a bet from real balance first.


How to Use a Free Bet

The next step after you’ve received a free bet is placing it. Every Bookmaker will have a slightly different system when it comes to this. Some will have a separate bonus balance and you can opt for your bet to come from this source and others may allow a freebet credit to be selected on the betslip when you place the bet. Other variations are also possible. Keep in mind that you will have limited time to wager it, for example some free bets are valid for 7 days.

How to Profit from a Free bet

It’s rarely simple to wager a Free bet and get real money. A free bet gives you a chance to win without spending a lot of your own finances. To make the possibility of success higher you need to read carefully the terms and conditions to know what exactly you should do to wager a bonus. It’s better to choose the one with transparent and simple rules. It increases chances to reach success. No matter what though you will only make a profit if your Free bet wins, and there is no magic formula for this.

Other types of Bookmaker’s Bonuses

Welcome Bonus

This type of a promotional offer is granted to new customers of a bookmaker. Those who have been gambling using services of a particular bookmaker for a period of time can’t obtain such a bonus. New users usually only need to register and accept the rules to get a welcome bonus. Sometimes a deposit may be needed. A Welcome Bonus can come in many forms including cash credits, free gifts, profit boosts, Free bets or more.

First Bet Bonus

This is a reward that a new customer can get after the first bet is placed. Thus, this is one of the sign up offers. At least one bet must be placed at the bookmaker’s for a bettor to claim this reward. To get this bonus a new user should register on a bookmaker’s website, make a deposit, and choose an event to bet on. Depending on the rules of a first bet bonus, particular odds or amount of money can be required. The bonus gained via such a promotional offer is likely to be wagered several times.

Enhanced Odds (Boosted Odds)

Some bookmakers tend to offer higher odds for particular events. Usually this relates to the most important football matches. For example, boosted odds may be offered for the UEFA Champions League final or a game between Barcelona and Real Madrid. You just place a bet and get your winnings in case you succeed. No further requirements are needed you just get paid the better odds.

Reload Bonus

This is a bonus which is given to a user who gambles on a website on a regular basis and makes deposits time after time. In contrast to the first deposit bonuses this type of a reward can be given to a gambler several times. The reload bonus can come in many forms including as a Free bet.

Profit Boost Bonus

This type of a promotion increases the actual profit you will get if your bet wins. The amount of the bonus will depend on the amount you stake. In case everything goes well for a bettor, the winnings will be more than the standard amount.

Money Back Specials

This is a type of a promotion similar to a bet insurance. Users can get their stake returned from some bookmakers in case it’s not winning. Typically there are some conditions for it. For example, the team you’d bet on lost with a handicap of one or two goals, or a horse you’d placed a stake on finished second or third.

Acca Insurance

This is an insurance for your accumulator bet. This type of a promotion means that if one of the events you’ve chosen to add to your betslip ends in a way other than your forecast. It is available for different sports although usually football is the one that bookmakers offer.

Type of a free bet

Description

Welcome bonus

Given to new customers

First bet bonus

Granted after you make your first bet

Enhanced (boosted) odds

Special higher odds for some events

Reload bonus

A bonus for deposits made by a regular customer

Profit boost bonus

Winning higher than the odds

Money back specials

Insurance of a bet you place

Acca insurance

In case one of the events in your accumulator is lost the bet still wins

Frequently Asked Questions about Free bets

What is a Free bet?

It is a promotional offer that bookmakers grant to bettors. Typically they are aimed at new customers only and they are usually granted either for registration or after the first bet that you make. After receiving a free bet you may need to successfully wager it several times to get the money into your account as withdrawable. There is also a chance that you will get a stake not returned offer in free bets. It means that if 100 Nairas are placed at the odds of 3.00, in the case of winning you will get 200 Nairas instead of the usual 300.

How to get a Free bet?

First, you will always need to sign up and have a valid account at the bookmaker that is offering the Free bet. Sometimes you will have to deposit a set amount to receive the Free bet, sometimes you may have to bet a certain amount on a certain event, sometimes you won't have to do anything, it will just appear in your account.

Which Type of a Free bet is the Best?

The best type of Free bet is one which is large, involves doing nothing to receive it, and where winnings can be withdrawn instantly on settlement of the first bet you place with it.

Can I Get a Free bet without Making a Deposit?

Yes, it’s possible. Some bookmakers have non-deposit free bet offers. However, we should point out that this is not the most popular promotion. Typically, sportsbooks tend to grant bonuses in free bets after you have deposited and placed a bet. Nevertheless, by searching around what is currently on offer it should be possible to find a free bet offer that doesn’t require making a deposit.

How Many Free bets Can I Claim

It totally depends on the rules set by each bookmaker. Some of them have offers that imply granting only one Free bet. However, there are other promotions. For example, you can get Free bets for the second or the third deposit instead of an offer given just for the first one. Furthermore Free bets are given to existing customers regularly, some not so much. There is no fixed answer to “how many”, it will vary from person to person, bookmaker to bookmaker, and time period to time period.

Can I Withdraw a Free bet?

As a rule, you can’t withdraw a free bet right after receiving it on your bonus account. You need to place bets several times (or just once) following the conditions described by a bookmaker. If you meet the requirements then you will receive real money on your account that you will be able to withdraw. Please, note that sometimes you need to withdraw money during a limited period of time, for example within 14 days.

Which Payment Methods Qualify for Free bet Offers?

Some bookmakers have no restrictions for payment methods that qualify for Free bets but some do. Sometimes there are promotions that require depositing with the help of a particular payment method. To know for sure which method can be used for a free bet you must read carefully the terms and conditions published by a bookmaker.

What Can I Use My Free bet on?

After getting a free bet you usually need to make a bet on events which are not limited. However, some promotions may be connected to a large tournament or a particular game. You must read the T&Cs that apply to you in this instance as every Free bet is different.

How do Sports Betting Bonuses Work?

When you receive a bonus you need to follow the steps described in the rules. It is usual to pick a sport you like most and a particular event. Check whether the odds meet the requirements (if such requirements are mentioned). Then you need to make a bet or a series of bets. In case they win, you’ll get real money on your account.

Are Sports Betting Bonuses Worth It?

Well, you need to read the conditions carefully. Some of the offers are hard to wager and come out in profit. In general, a Free bet and other bonuses gives a greater chance to win than if you did not have them. They can give more “bang for your buck” and extend you betting time before you bust out at the least, even if you can not use them to profit as such.