£10 Free Bets – All You Need to Know
When you join a new betting site, one of the things you will look for is what welcome offer or free bet is available. Currently, the most popular sign-up bonus is a £10 free bet. On this page, we’ll go into what a £10 free bet is, how to claim it and where you can find them.
Top £10 Free Bet Offers Oct 2020
- UK LICENSED
- SECURE & TRUSTED
- FAST WITHDRAWALS
18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 1/5 (1.5) for each selection | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | T&Cs apply
New players only | Qualifying bet(s) must have minimum odds of 3/1 and must be settled before triggering free bet | Free Bet must be used on an accumulator with 3 or more selections | T&Cs apply
New Players Only | Max £15 Free Bet | Qualifying bets must be placed at odds of 1/1 (2.00) or greater | Free Bet valid for 14 days | Bets must be settled within 14 days of placement | System bets no eligible | T&C Apply | 18+
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How Do They Work?
If you take a look through our list of top betting sites, you will find a whole range of sportsbooks, and with them, all different welcome offers and free bet offers. However, the most popular, especially for newer sportsbooks , such as InfernoBet and RubyBet, that are getting their promotions through their betting providers, is the £10 free bet.
But, is it really a free bet? Well, in a sense, implying you get something for free implies parting with no money. That isn’t quite the case here as you do need to put money into your account to get your free bet. However, generally, you don’t need to actually make the bet, but just make the deposit, which means that you can place the first bet from your first deposit as you like, with no specifications. You then get the chance to make another bet, without depositing any more money – as such, it is more like a Buy One Get One Free deal.
The good thing is that anyone who signs up for the site will benefit… unlike the risk-free bet offer, where you only get any benefit if your bet actually loses… and if you get a winning bet, then you don’t gain anything. However, whether your first bet wins or loses, you will benefit from the £10 free bet.
With most of the £10 free bet offers, you will be required to make a minimum deposit using a qualifying deposit method. As soon as this is done, you will get the free bet credited into your account. You will then have to follow all the terms and conditions attached to the free bet in order to utilise it fully.
Using a £10 Free Bet
So, when you get your free bet in your account, how can you use it? There are certain rules that you have to stick to.
You have picked a site that you want to join and have seen that it has a £10 free bet offer on sign up. Firstly, you need to see whether it has a promo code attached to it. If it does, make sure that you copy it exactly.
You will then need to register with the betting site, adding your promo code if necessary. When this is done, you will need to make your qualifying deposit as per the T&Cs attached. As soon as your deposit is made, you will have your free bet credited to your account.
Afterwards, you can use the free bet as stated in the small print. However, you will need to see what markets you can use the free bet on. There will likely be a minimum odds requirement attached as well as certain markets excluded. Once you have found a qualifying bet to make, you can then use your free bet, sit back and wait for the result to come in.
Claiming Your £10 Free Bet and Winnings
Free bets are not cash equivalents, and that needs to be understood. If you have a £10 free bet credited into your account, then you can’t just withdraw it as £10 cash, you need to use it on a qualifying market. Once you have done this, it is still not the equivalent of betting with £10 of your own money.
The bet, once made, will still have terms attached when it comes to the winnings. You won’t just be able to withdraw your cash. There will generally be wagering requirements attached to the winnings, which means you may have to make a number of bets on the site before you can get to the money. Furthermore, with standard bets, you get the winnings plus your wager back. However, often, with most £10 free bets, you do not get the £10 stake returned, just the winnings.
So, for example, if you win a bet of £10 on over 2.5 goals at odds of 2/1, your winnings will be £20. BUT you won’t get your original £10 bet return, so your overall profit will be £20 (£30 minus your £10 stake). Still, not bad for a bet you didn’t pay for!
The Best Strategy for Playing Free Bets
So, you claimed your £10 free bet. Do you just spend it for fun, as you have nothing to lose? Or do you use a strategy to get the most of the opportunity? Well, with free bets you can use certain strategies that are available to normal bets, as long as the bet fulfils the criteria. So, what are the best strategies you could use?
Well, this very much depends on the free bet available, as you may not be able to use the bet on certain markets. So, if you are going for the betting on favourite strategy, then you may hit problems if there are minimum odds requirements. As such, you may be able to go for a slight favourite, but it is unlikely you can use it on a heavy favourite.
You could, however, bet on the underdog strategy. This means you pick an underdog (with research), that has a chance of getting the win due to various reasons. However, again, be aware that maximum winning restrictions could come into play, so you need to make sure you are aware of any cap placed on your winning.
Using betting strategies on £10 free bets for big wins is tougher as often accas and other bet types are prohibited. In order to use a strategy effectively, you need to study the terms and conditions carefully and study the betting markets available.
One popular free bet strategy is arbitrage betting. You could use it to fund an arbitrage bet – so use your own money to bet on one outcome and use the free bet on the opposing outcome (read more in our arbitrage betting guide). This works if you can find a bet with reasonably generous odds on either side.
An example might be if you get a £10 free bet and decide to use it on Liverpool v Arsenal. You use your free bet on Liverpool at 2/1. You then place a £10 bet on a site that offers odds on Arsenal of around 3/2.
So, if Liverpool wins you will get a £20 win, but you won’t get your £10 stake returned, so you get £20. However, if you have bet £10 on Arsenal, then that’s £10 down from that – so your overall profit will be £10.
However, if Arsenal wins, you will get a winning of £15 plus your £10 stake, so £25. However, because the bet on Liverpool was a free bet, there is no loss there, so you will be up £25. Either way, you will be in credit.
Free Bet Terms and Conditions
You need to be aware, that like any betting offer or promotion, there will be terms and conditions attached. These could include:
- Your initial deposit must be a minimum amount (generally £10 to £15)
- New players only
- There may be payment options not accepted for your initial deposit such as Neteller, Skrill or PayPal.
- A validity date for your free bet (can vary between 7 to 30 days)
- Minimum odds for your free bet (generally around 2.0)
- A period of time where your bet must be settled (usually 7 to 14 days)
- Certain bet types not eligible – can include system bets, accumulator bets.
- Often cannot be used in conjunction with other features, such as cash out, edit bet, bet builder etc.
- Generally, there will be a wagering requirement attached to your winnings, these could be anywhere between 1-times and 6-times.
Having said that, each betting site will offer different terms, so read through very carefully.
£10 Free Bets FAQ
Do I always get a £10 free bet when joining a betting site?No, you won't always get a £10 free bet, but these are generally the most popular welcome offers. Nearly all bookmakers will offer a free bet when joining up, sometimes more than £10 or sometimes less. However, there are other offers available such as risk free bets and match bonuses.
What is a £10 free bet?A £10 free bet is a bet that the bookmaker gives to you after signing up for the site and making a qualifying deposit. You will be able to use this bet on certain markets and sports. The £10 free bet stake is not returned on a winning bet unlike standard bets.
Can You only get a £10 free bet when you sign up?This is the most common way to get a £10 free bet. However, there may be times when bookmakers are running special promotions for existing customers and you may find the occasional one available that isn't a new offer. However, most existing customer free bets are limited to £5, and a £10 free bet is very rare.
Which is the best £10 free bet offer?There are plenty available, and generally, the best £10 free bet offers are the ones with the lowest minimum deposit and the fewer number of stipulations. Currently, the Mr Play £10 free bet offer is one of the best out there.
How do I use a £10 free bet?You can only use a free bet when you have fulfilled the sign-up and deposit requirements. Once it is in your account, you need to follow the terms and conditions of that offer carefully. Make sure that the bet you place fulfils the requirements and you know what you need to do in order to withdraw any winnings from the free bet. Read the offer carefully as most are different.
£10 free bets are very decent offers and are the standard betting site welcome bonus. You may well find more generous out there – such as the Ladbrokes free bet offer or Bet365 bonus. However, the great thing about betting sites is that you don’t have to stick to just one! The good thing about the £10 free bet offer is that anyone who signs up will benefit from it, unlike the risk-free bet.
However, although it’s a standard offer, the terms and conditions vary a lot. This is what differentiates them from each other. Not all £10 free bets are created equally. Generally, when picking between the offers, look at what you need to do to get the free bet and what you need to do to use your free bet and get the winnings. Look for lower wagering requirements, longer validity and fewer stipulations. The more freedom you have with your bet, the better!
All in all, it’s generally worth taking up the offer. You don’t have anything to lose if you were going to sign up and make a bet anyway!