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Free bets are offered by bookmakers. They allow you to place a wager without using your own money. We discuss their benefits in the article below.
Making a wager can really add to the excitement of a sporting match, race, or event. When you know the outcome can bring you a cash prize, you invest more in it. Luckily, you can experience this without even using your own money. This is where the free bet comes in, and below we discuss how to get the best from them.
Understanding Free Bets
A free bet is a wager in which the bookmaker will pay for your stake. If the bet comes in, you still win money. However, you don’t need to spend any capital to put it on. They are offered to entice customers into using their service, and as such, no free bet is ever actually free. You may need to sign up, make a deposit, or even place other bets to access them. Despite this, they can be very lucrative and most top sportsbooks will have a range of free bet offers at any one time.
One operator that has a generous range is Bet Way. In the run-up to big events, like the Cheltenham Racing Festival, they may put on a host of promotions to keep you making wagers on different races. Combined with this, they may still make offers for other sports, such as free bets on football accumulators and such.
Most free bets are stake not returned. This means when you win them, you will get the winnings but not the amount that was placed on the bet. However, you are essentially getting a bet for free, so this is not that important anyway.
Tips on Free Bets
Not all free bets are created equal. Some may offer better odds, or others may have better terms and conditions attached. Below are some tips to consider when looking for free bets.
Check the Terms and Conditions
Free bets usually come with a host of terms and conditions. None of these are better or worse, but they may impact how you can use the bet. It is rare you can bet on any market or type of bet you want with a free bet. They usually have to be placed in a specified sport, market or even match or race. You may also find that it has to be placed at minimum odds. This means they can only be placed on bets that have odds above a certain level.
They will also have an expiry date. Usually, they have a seven-day period in which they must be used before expiry. In some cases, this may be as short as 24 hours. Make sure you check this so you use them before the time is up.
Finally, you may find a bet has specific wagering requirements. You may need to place further bets before you can withdraw any winnings, or even stake certain amounts. Your winnings will enter into a held status, which is released once you achieve the wagering requirements.
Consider Higher Odd Bets
As you are not risking your own capital on a bet, it makes sense to go for something with higher odds. There is less chance of it happening, but more reward, and you have nothing to lose. Consider gunning for the underdog in a football game or backing the outsider in a big race. It may just come off, and you will have spent nothing on the big win.
Try an Accumulator
An accumulator is a wager made up of many smaller bets. The odds from one carry onto the next, meaning totals can quickly add up. However, if one of the selections does not come in the whole bet is forfeit. Accumulators are very popular with people who want to bet on multiple outcomes, perhaps in a league or day of sport. However, you can place an accumulator on anything. You may have one bet on football, one on basketball, and another on who will win the Oscars.
Imagine you sit down one Saturday to watch the EPL. There are a few games taking place. You choose Manchester City to beat West Ham, Arsenal to beat Portsmouth, Liverpool to beat Brighton, and Chelsea to beat Everton. All of your results come in and you win the accumulator. However, if just one had lost, you would have lost the whole bet.
A free bet is good for an accumulator as the more bets you add, the more risk there is. By using the free bet, there is no risk as you are not losing anything. In some cases, you may even find that operators offer free bets as an extra bonus. This means if you place a standard accumulator, and it loses, or one part of it does, you get a free bet.
You don’t have anything to lose. Check the terms and conditions, just to see when and how you can use it. Then decide the best course of action. Sportsbooks will use them to get you using their service, so it is a good way to try it out without fully committing.
Disclaimer: The views and opinions expressed in this article are those of the authors and do not reflect those of Geek Vibes Nation. This article is for educational purposes only.
Frankie Wilde – is a content writer at various gambling sites. Also, he is a passionate traveler and a great cook. Frankie shares informative articles with the world.
