Free Bets: a Guide On How They Work
A free bet offer allows you to get free money from bookmakers, to further enhance your bets, allowing you to increase your betting stakes or to encourage you to place bets on markets and selections that you wouldn’t normally do, overall it is going to better your experience. Free bets are certainly worth considering snatching up, some free bet offers, in particular, can have huge returns and the terms and conditions of the free bet offers are not always too harsh. You will struggle to not find a free bet offer at a range of the best betting sites in the industry, they all include them, and some are very lucrative, with likes of William Hill and Ladbrokes offering £30 in free bets for new customers upon registration.
How do free bets work?
Free bets are extremely easy to understand and claim. The procedure that you need to follow in order to get your bonus funds does differ between bookmakers.
Some bookmaker free bets come with promo codes, in which case you need to enter the promo codes in the required field, in order to receive the free bet bonus. MaxFreeBets will notify you on when a promo code is needed to claim a free bet offer at a specific bookmaker. You can then take this promo code and enter it into the promotional code field at the bottom of the registration form for that specific bookmaker.
Players will need to abide by the terms and conditions that come with the free bet offers. There are generic requirements that are apparent on all free bet offers, however, it is worth checking through the specific T&Cs that apply for the particular bookie that you want to sign up to, as they may have their own rules that differ to other bookmakers. Some of the typical terms and conditions that apply will include New customer offer only, one per person per household, min odds required, min deposit, expiry date, wagering requirements. The bonus funds will normally reach your betting account with 24 hours, ready for you to use.
How to make money from free bets
There is no certainty of making money from free bets as a free bet follows the same structure as a normal bet, it can be a win or lose. The positive you can take from free bets, however, is the fact that you cannot lose any of your own real money, and instead, if your bet is unsuccessful, it will come out of the free bet funds. The way to think about it is you either win money or lose nothing, this reiterates the point of it being risk-free. Of course, you can read through our betting guides and betting tips in order to assist you with what to bet on and what strategies to consider in order to make a winning bet.
Free bet offers can come with wagering requirements, so you might have to wager the value of the bonus a total of 5 times before you can withdraw it. Also, one thing to remember is that when you place a bet with free bet funds, if the bet is successful, you will get the winnings, but the stake is not included in this. Once you have wagered the funds enough times to pass the requirements, you can then withdraw the funds to your bank account if you wish.
One betting strategy that you could use in order to guarantee yourself a winning from a free bet is the Betting Exchange market. New customers who have never used the betting exchange market before can, in fact, claim a free bet, from betting sites like Betfair. If you read through our betting exchange strategy page, you can see how you can guarantee yourself a winning from this form of betting and then use your free bet bonus in order to place the bets.