How would you feel if the bookmaker would freely allow you to bet and win? Free bets are becoming an increasingly popular offer and can be found on the majority of online bookies. Although certain conditions and limits might apply, e.g. types and markets, the general idea is simple: Place a bet and receive an extra bet free of charge. Punters enjoy taking advantage of these free bets by wagering those extra funds on riskier choices.
Types of free bets
Risk Free Bets
This is the simplest type of free bets. A punter will be awarded a free bet of equal value to the wager he has previously placed on the same event. Usually the amount of the risk free bet is equal to the initial bet, but there are bookies who will offer twice or even three times this amount. There is also a weekly free bet, which is awarded if you wager a certain amount of money during a specific time period (usually a week).
Correct score free bets
To make free bets even more exciting, bookmakers will offer players some extra cash if certain facts happen on selected events, regardless of the outcome of their initial bet. For example, bookies will offer free bets when an exact score or scoring margin appears in their chosen event. If Team A beats Team B by two goals or more and you have selected a Home Win bet, you might receive the earnings from your bet and a risk free bet as well.
Continuous free bets
Some bookmakers can offer considerable amounts of free bets (sometimes exceeding 200€-250€) which are usually divided in four or five different bets of 50€. Additionally they have to be placed on different events during a specific period of time, ranging from 2-3 days up to a week. You can earn quite a lot of money, if you are willing to commit to a strict betting schedule.
With this offer you get a free bet based on a previously wagered amount. The difference with other free bets, is that you have to firstly place a bet with your own money. According to the bookie’s rules, If you happen to lose you will receive a free bet of the same amount to use at your will. There are usually no restrictions on which markets you can place your bet on.
The first restriction, on all bookmakers’ risk free betting offers, are the minimum and maximum stakes. Minimum stakes usually apply to the bet a punter has to place before he can claim the bonus. Maximum stakes influence how much money a punter will receive on his equal amount risk free bet.
Some bookmakers will set a limit to the minimum odds of a bet. This happens in order to prevent bettors from placing a bet in extremely low odds that would offer them a higher probability of ensuring a win. The minimum odds limit however is not usually set higher than 1.50.
In the promotion’s terms and condition, there is a statement about the total rollover required before you are allowed to withdraw the free bet. As with other bonuses, the rollover limit is generally lower than the welcome bonus or other types of offers.
This is not technically a free bet, but more of a money boost should certain events be confirmed in a match. You can usually find them as promotions on special bets, such as First Scorer or Anytime Scorer. If you win a bet in this market, e.g. if your anytime scorer bags a goal, then you will receive a 50% bonus to your total earnings.