FAQs - Frequently Asked Questions about Free Bets
IMPORTANT NOTE :
It should be made clear on free bets that the implication in their name is that they are completely free when this is rarely the case.
There will be Terms and Conditions that must be complied with and you should understand sound risk and money management before registering with a bookmaker to place bets.
What are free bets?
Free bets are given to customers by some bookmakers either as a welcome offer or a promotion that the site runs. They are often offered as an incentive for a customer to join a site and to ensure they stay with them, enjoy the experience and hopefully become loyal to that bookmaker for a good length of time, even lifetime.
The free bet concept is more for the customer to boost their funds in their newly-opened account to place bets but without having to use their own full real cash balance. Restrictions are usually placed on how the free bets can be used and the size of the free bets given depends entirely on the bookmaker.
What type of free bets are there?
Free bets come in several different forms. They can be given as a match of your initial deposit with a maximum amount that can be received or others can be received if a team in a soccer match wins with enhanced odds wins.
Others are given when certain events happen in events that you have bet on, e.g. money back as a free bet if your selected horse falls in its race (a common one with Paddy Power) or no goals being scored in a football game.
What are Welcome Offers?
These are offers that are given to new customers when joining an online gambling site and as it’s a highly competitive industry, so incentives an array of different icentives are given to attract new customers. Welcome offers come in many forms but usually see the offering of free bets or new account bonus. This could be in the form of matching of your first deposit or a risk-free first bet. Often, enhanced odds on a sports event are the welcome offer with any winnings paid as free bets.
Do free bets expire?
Yes, free bets do expire and it is important to ensure that they are used before this happens. All free bets received will be subject to terms and conditions Often free bets are valid for seven days before expiry, for example, but sometimes there is a shorter or longer period. It is important that all those terms and conditions are read to avoid seeing free bets expire without use. This is because when they do expire, any amounts not used will be permanently lost.
How to use a free bet?
When a free bet is used, there will be terms and conditions attached to abide by and it’s important to follow all of these terms or the offer will possibly become invalid. There may be restrictions on the minimum odds of selections or the type of events they can be used on. When using a bet slip to place your wager, ensure that you indicate you wish to use a free bet as failure to do so can see you having to use your own funds instead.
Are free bets worth it?
Free bets can simply aid to your betting experience by adding to your betting funds. They can only give you some good returns if you make successful selections with them and again employ sound financial management.
It is important to carry out research on the selections you wish to make with your free bets, so knowing that your real cash balance is enhanced, you have more opportunities to bet with sound money management and spreading your risk.
Where can I get free bets?
Free bets are available at a number of online gambling sites. They are usually given in welcome offers as sites to try their best to attract new customers. Once that has been received, other free bets offers can be made available to customers to ensure customer retention which means that it is always good policy to keep a good eye on the site’s promotions page to see just what is on offer. In a competitive industry, free bets are often offered on major events such as Champions League games, major horse racing meetings or major boxing bouts.
What are the best free bet offers?
The best free bet offers are those that don’t have too many terms and conditions attached to them such as minimum odds. This gives you a good chance of getting a return which is not always the case if there are restrictions on the minimum odds of selections you can make, meaning getting a win is harder. If the free bet value is, say £20, and that’s paid in real cash then that’s even better.
What are the important free bet rules?
There are several rules that need to be adhered to when free bets are awarded and not complying with these can see you lose your free bet opportunity.
Wagering requirements can be attached to free bets, though this is more common with offers that also include some form of casino bonus. If for example, you receive a £10 casino bonus, it may be there is a 30x wagering requirement meaning you have to wager £300 before a withdrawal is possible.
With sportsbook free bets, there are often restrictions placed on how they can be used. For example, only on sportsbook selections with minimum odds of 1.5 (1/2).
Some free bets can only be used on accumulator bets. Both these restrictions make converting your bonus into winnings more difficult.
What betting sites give free bets?
The offering of free bets has become a very important tool for bookmakers. They can be used to attract new customers and keep the ones they have and therefore, it is very uncommon nowadays to see a site that does not offer its customers some sort of free bet or similar sign-up incentive. Reading the betting offers page on this site will give you excellent information on what is available and You will find that all the sites covered at FREEbets.org.uk offer either free bets of some form, a new customer bonus or new customer Sign-Up Offer.
Can you cash out a free bet?
Cashing out a bet means that you can end it before the event reaches its scheduled end. This means the decision on what return is received is in the hands of the play. It is a common condition of free bet offers that cash out is not allowed. This is in both the qualifying bet that has to be made to receive a free bet and the use of those received. Check the terms and conditions attached to the free bet offer to see if this is the case, it generally is.
What does paid in free bets mean?
Many promotions seen on online sports betting sites in particular see rewards paid as free bets rather than real cash. This situation often happens when a certain event takes place, for example, one leg of an accumulator costing you a win can see your stake returned as a free bet. The free bets received will have to be used in a specified manner. With the accumulator example, the free bets would have to be used on another accumulator.
When will my free bet be credited?
Again, this will be determined by the terms and conditions that are attached to the free bets offer. Sometimes a free bet can be credited to your account immediately a qualifying bet has been settled. Other times can see the period being within 24 hours of an initial deposit. It all depends on the terms and conditions but there is unlikely to be too long a wait for them to be received.
Can you withdraw money from a free bet?
No - If you receive, for example, £50 in free bets, you can’t just withdraw this amount. The free bets that are received have to be used in a certain way over a set period of time. For example, they can be used on events in the sportsbook, possibly with minimum odds for the selections made. Once the terms and conditions have been satisfied, then any winnings from them can be added to your real cash balance and withdrawn.