The best type of bet is the one that doesn’t cost you anything. Winning is one way to offset the “cost” of a bet, but you can also just take advantage of free bet promotions to cut risk out of the equation entirely. Below, I’m going to explain exactly how you can use free bets offered by betting sites to make money with very little risk.
Before we get started, let’s review how free bet promotions work. A free stake or wager is a sort of promotion that some betting websites offer as an incentive for new customers to sign up and make a real money deposit. These no risk wagers usually have some restrictions associated with them, below we list a few free bets that are currently available.
How to Claim a Free Bet Offer
The process of claiming free bets is fairly straightforward. In most cases, all you have to do is sign up for an account and then place your first wager in the mobile sportsbook or try an in-play bet for the first time. If you win, you get paid.
The free part comes into play when you lose your first bet. If your first bet is a loser, the book is willing to refund the cost of the original wager up to the stated maximum amount. In essence, you are freerolling your first wager. You either win or you get a refund.
In each of the above offers, you need to place the bet first and then wait for it to play out. If it wins, you can collect your winnings and no further action is necessary. If it loses, you need to send an e-mail to the betting site’s customer support people and tell them you would like to be refunded. They will then credit your account, typically within 48 hours.
What You Need to Know
There are just two catches to all this. First is the fact that you have to place a wager with your own money first. If your first bet loses, you are refunded up to the upper limit of the free bet offer.
The second catch is that any refunded money comes with rollover requirements just like any other bonus. Using a $50 mobile offer as an example, the rollover is six times the refund amount. So if you place a $50 wager, lose it and are then refunded $50, you’ll have to place a total sum of additional wagers equal to $300 ($50 x 6) before you can withdraw any winnings earned off the refund amount.
On a positive note, the free betting site offers that you see on this page are given in addition to the standard new customer bonuses. What you can do is claim your welcome bonus first and then go back and take advantage of any free play wagers. The online gambling industry is highly competitive and operators are willing to spend whatever it takes to attract new customers. You might as well take full advantage!
Read the Fine Print
The most important lesson in all of this is to always read the fine print before you accept any bonus or free bet offer. The promotions you see advertised can be a valuable incentive, but you need to understand how they work.
If you don’t like the terms and conditions associated with any offer, remember that you’re under no obligation to accept the bonus or participate in the promotion. All betting promotions are optional. You can always skip the promo.
Are free betting offers worth the time and trouble?
It all depends on what you’re looking for. Free sports bets require you to place additional wagers on top of the original offer, so you’re on the hook for more if you decide to take up a promotion.
The terms and conditions can diminish the appeal, but these offers do come in handy if you’re planning on being a regular customer. I wouldn’t recommend taking advantage of free bets if you’re only going to place a one-time wager and then never bet on sports again, but they can add to your bottom line if you think you’ll be doing more betting in the future.
The catch to all this is that you are almost always asked to place at least one wager of your own before the betting site is willing to give you a free bet. Thus, there’s no escaping the risk entirely. However, I do have one simple tactic that I can share with you to mitigate the risk and ensure you profit every time.