Free bets are a popular bonus on all online bookmakers. It is a good alternative to the sign up bonus offers.
Free bets bonus have become popular because bookies allow you to place a bet at zero cost and withdraw your winnings faster, thanks to the lower rollover requirements.
- Sign up free bet types
Sign up bonus is a simple procedure everybody knows. What we’re not sure is what is a free bets? seeing lot of different definitions like: join and get a free bet, matched free bets or risk free bets. So let’s define the different type of free bets:
A. Risk free bets
Risk free bet is the simplest form of a sign up free bet. The risk free bet allow you to place your first bet for free.
The mechanic is simple: in case you lose your 1st bet you will receive back your full stake in the form of free bet. If you managed to win your 1st bet you receive both of your net winnings and stake back. Risk free bets allow players to place a bet, safely because if the bet is lost, they get their money back as a free bet, bonus or cash.
B. Matched free bet
Another free bet bonus type is the matched free bet. This offer is different from a matched deposit free bet.
All you have to do is open an account with bookmaker of your choice, make a deposit and opt-in for the matched free bet offer. As soon as you place your first ever bet, you will instantly receive one or more free bets that match your wager’s stake, up to a set limit (usually Euro 10). These match bets differ from one bookmaker to the other as you can get as low as Euro 10 or one of the highest matched deposit possible where you can get a first free bet worth Euro 50.
-Most common bet X get X free bets bonus:
The following offers are some useful example to understand it. As we described above, Bookmakers will credit you with a couple of matched bets as soon as you place your first ever wager:
-Deposit euro 5 get euro 20 free bet: It is well-known bet 5 get 20 free bet promo. All you need is a small Euro 5 wager and you will immediately receive fourfree bets worth of Euro 5 each.
-Bet euro 10 get euro 10: This is referred to as a euro 10 free bet as you get a free bet equal to your stake. Generally it is considered as a small offer, you may also find various limitations applying on the allowed markets.
-Bet euro 10 get euro 30: Probably the best one free bet awarded with three different Euro 10 free bets on your first ever stake. Most of the time it is a new customer offer.
-Bet euro 10 and get correct score free bet: If you bet 10 euros on pre defined match (i.e. champions league final) and your bet is lost you get 10 euros free bet on correct score of another match .
-Bet at least euro 10 on Exact Score or first/last/anytime Goalscorer and If your bet loses & it ends 0-0, get a euro 10 free bet.
C. Matched deposit free bet
This free bet type is similar to the 100% first welcome bonus offers used by many bookmakers, allow to get bonus with low amount of money and easy rollover requirements.
It works like this: make your first ever deposit by using one of available payment methods and you will instantly get a free bet that matches your first deposit.
In any case, the matched deposit free bets generally have more rollover requirements compared to the other. Always remember to check time and minimal requirements to rollover this free bet.
D. Free bet without deposit
Commonly known as the no deposit free bet, this is the perfect bonus for recreational players. It is usually offered by new bookmakers who are trying to create a sense of feel-good about their product as it is new in the betting world. As one can expect, these free bets without deposit are not so common as all that is required is to register an account and verify your mail.
Types of Free Bet Offers for Existing Customers
There are many opportunity as an existing customer, to receive free bets on sport events. Those the most commons:
- Free Bet Clubs: bookmakers have their free bet club which credit you with a free bet every week if you place a certain number of bets during the previous week/month.
- Reload Bonus: If you top up your account with cash the bookmaker awards you with a free bet triggered when making any reload deposit.
- Consolation Prizes (Acca insurance): It is not uncommon for ongoing promotions to have free bet concessions associated with them. Free bets are often given to existing customers when their bet is lost for one wrong selection. Another example in sports betting is you can collect free bets for Grand Slam tennis matches if your player goes two sets ahead but loses match.
- Loyalty Bonuses – Regular punters are often rewarded for their loyalty via free bets.
- How to claim free bets
This is pretty simple as the terms and conditions are usually visible on these offers. When it comes to sign up free bets, you are usually expected to place a bet and receive a matched offer, or make a deposit and receive a free bet of equal value. As for special offer free bets, for example during a Champions League or FIFA World Cup Final, you might receive a matched free bet for placing an in play bet.
- Smart tips to get best free bets
There are three features any free bet offer must have: High amount, easy/short rollover and long life.
Amount wise, easy to understand that a matched free bet worth Euro 50 has more value compared to a Euro 10. However, when it comes to bet x get x free bets, you must choose which offer is higher.
Easy/short rollover is split into two different parameters. The first one is the rollover amount. This means how many times you have to bet your original deposit or first bet (eg 10 or 20 times) before you are able to withdraw the free bet. The second one is the minimum odds requirements on which you are allowed to bet your free bet (1.40/1.50).
Long life is how long you have before you are able to withdraw your free bet. Usually you are allowed to do so within a period of 15 days, however, some more aggressive terms may require that you complete the wagering requirements within 48 hours.
In conclusion before to get your free bet bonus check if it matches this list:
- How much do I need to deposit/bet to get the free bet bonus?
- Will the free bets be credited to my account immediately?
- What are the time requirements on placing my free bets?
- Will I have to place any additional bets before I’m allowed to withdraw my free bet winnings?
- What are the minimum deposit requirement to trigger my free bet?
- What kind of sports, events and markets do my free bets work on?
- Are there any money caps on the amount I can win?
- Is the bookmaker is licensed under any regulators?