The online betting world is filled with amazing betting opportunities every punter can easily use to their advantage. One of such opportunities are free bets many online sportsbooks offer to their players. But since nothing in this world is actually free, many new bettors are quite confused with what free bets actually are and how they work.
So, let’s dive a bit deeper into this matter and try to explain how to make the most out of your betting efforts with the help of free bets.
What are free bets?
As the name suggests, free bets are a special type of incentive offered by sportsbooks and betting sites to online punters. Most commonly, they are offered to new bettors and players looking to sign up to a betting site for the first time. The purpose of free bets is to draw new players in and encourage them to be as active as possible.
How do free bets work?
Depending on the sportsbook or betting site you decided to go with, you’ll most likely come across the opportunity to sign up for free bets. These work similar to online casino bonuses, as they allow online bettors to place wagers without having to spend their own money. But, it’s important to note that different sportsbooks and betting sites will have their own unique terms and requirements you’ll need to meet in order to become eligible to receive free bets.
For instance, some betting sites will require you to make a minimum deposit before you’re able to access and use the bonus. Additionally, it can sometimes happen that you won’t be able to withdraw any potential winnings you make with free bets before you fill out some other requirement.
That’s why it’s extremely important that you learn as much as you can about this type of betting bonuses and carefully read through terms and conditions offered by the betting site you’ve chosen. As mentioned previously, every betting site will have their unique terms and conditions, so don’t think you’re familiar with all of them if you’ve only read through one of them.
With or without wagering requirements?
In the end, since both free bets with wagering requirements and free bets without wagering requirements are a thing, you need to understand the difference between them so that you can choose the ones that suit you best.
- Free bets with wagering requirements will require you to make a certain deposit in order to become eligible to receive them. And, as mentioned previously, you will also need to meet certain requirements before you’re able to withdraw your winnings.
- Free bets without wagering requirements don’t require you to make any specific wagers up front in order to be able to use them. However, this type of free bets usually offers less money than what the minimum withdrawable amount is. So, what this means is that you’ll either need to keep on placing bets until you manage to win at least the minimum withdrawable amount or you need to hope that you’ll manage to win enough to be able to withdraw your prize.