Free Bets: Get the Maximum Winning

One of the most popular bonuses that online bookmakers offer is free bets. These can be as an enticing offer to new customers, as part of a free bet club for existing customers, or as special one-off promotions via e-mail or text message.

Regardless of the type of free bet bonus, this is the most common and most used type of promotion with online bookies. Everyone loves receiving something for free and having the chance to win big from a free bet is incredibly enticing.

Here, we look at the types of free bets which are offered to new customers, and the things to consider when looking to take advantage of free bet promotions.

As the name would suggest, a free bet bonus is a bonus or promotion which offers customers free bets. These are used as an enticing offer for new customers, who are looking to receive something extra when signing up for a new account with an online bookmaker.

Obviously, these free bets aren’t entirely free. They usually have wagering requirements, minimum deposit, and/or other requirements but it is an extra bet on top of the funds a customer deposits or stakes on a bet.

Free bets may look like a Greek gift, but they can be used to grow your bankroll and make a profit if you know what to do and how to do it. Free bets are a promotion offered by a bookmaker to place bets without using their own money. When using a free bet, the bookmaker funds the stake. If the bet is a winner, the bookmaker deducts from the winnings before paying it to the punter. Free bets are marketing tools used by the bookmaker to attract new customers into signing up with them. They are also used to reward loyal existing customers, or as a means to encourage punters into using a specific type of financial service for depositing funds into their accounts. For instance, many sportsbooks will offer free bets to punters who deposit funds using their credit cards or PayPal.
However, free bets are not exactly free. Apart from bet stake not returned where the bet is victorious, the bookmaker has ‘terms and conditions’ or ‘play-through’ requirements’ before you make money from the free bet. Some of the conditions required for a punter to use a free bet are:

• Registering an account with a sportsbook and depositing a certain amount of funds into the account.
• Deposit funds into your account using an approved payment method. Also known as a deposit bonus.
• Staking bets with your funds and losing the bet.

Furthermore, once the free bet is released to you, the bookmaker may prevent you from winning by ensuring place your bets on enhanced odds offers of evens or higher. It is, therefore, necessary for punters to read the fine print of the terms and conditions before accepting any free betting offers. Free bets may also be limited to specific geographical locations, betting markets, or event.
Although free bets appear appealing at face value, they come at a hidden cost to the punter. These costs can be outrageous. For example, there’s a bookmaker who is known for offering punters $25 as a free bet for newly registered punters. But a careful look at the T&C shows a punter would have to stake a bet with their funds, which must either have a minimum odd of 2.00 or an acca insurance offers bet of four-folds or more. This bet is now matched by the bookmaker using promo funds to the value of $25. The essence of this is that the bookmaker wants the punter to place bets with their funds before the free bet is given. Furthermore, these bets or bet must contain odds of 2.00, which provides the bet with a 25% chance of winning.

Free bets are bets which allow a punter to place a stake on an event without using their money. If the bet is won, the monetary value of the free bet is subtracted from the returns. For instance, a $20 free bet placed on odds of 2.00 will return $20 rather than $40 because the stake is deducted from the winnings. Depending on the promotion running at the time, both new and existing customers can be eligible for the free bets offered by the sportsbook.
On the other hand, a sign-up bonus is a promotion run by a sportsbook to reward new customers for signing up with the sportsbook and depositing funds. It is the sportsbook way of saying ‘welcome’ to the punter. The sign-up bonus comes in different forms. For instance, a newly signed-up punter may be given the choice of free bets, enhanced odds, or bet credits as their sign-up bonus. A Sign-up bonus is only offered once to a punter in his lifetime. Sign-up bonuses are usually significant and may have less restrictive wagering requirements. Sportsbooks have been known to suffer losses on their sign-up bonuses to draw customers into registering accounts with their site.
Although sign-up bonuses are rewarded once in the lifetime of a punter, they do not last a lifetime. And once exhausted, the punter increases the worth of his bankroll by taking advantage of the betting reload offers promoted by the sportsbook.

As already mentioned, and as many people will see when looking at different online bookies, there are several types of free bet bonus. Some of these apply just to new customers, some only to existing and loyal customers, and some can apply to both.

We are concentrating solely on free bet bonuses for new customers, which are promotions used to entice customers to sign up and register for a new account.

These usually work by the site giving free bets to new customers after they have staked or deposited a set amount from their new account. Free bet bonuses will vary, with different requirements, different ways to qualify etc. but ultimately, it is a free bet that the bookmaker covers the cost of.

For example, a site may offer a free bet bonus of $20 to all new customers who deposit and bet $20 within a set time limit after signing up. This means that once a customer bets the $20, a free bet of the same amount will be added to their account.

Any winnings from free bet bonuses are sometimes paid out in real, withdrawable money but will usually have the initial free bet stake deducted. Sometimes, winnings are paid into a bonus balance which will be converted into real money once certain wagering requirements are met.

One free bet bonus which works differently to the others is a risk-free bonus. This is where a customer will deposit and place a bet as normal, with any losses from their first bet being added back to their account as a free bet bonus amount.

There are usually more wagering and other requirements associated with risk-free bets.

With any type of free bet promotion, or indeed any other offer, customers should always read terms and conditions and pay special attention to the small print which a lot of people never take proper notice of.

Most of the popular sportsbooks online will reward a loyal customer. Offers as the betting reloads and price boosts are examples of these rewards. Promotions for existing customers come in the form of higher odds or free bets. Free bets for existing customers also ensure the regular punter enjoys all the freebies enjoyed by the newbie. However, many sportsbooks will require punters to place a bet with a certain amount of money before they can qualify for a free bet. Sometimes, there are deposits needed for the free bet to be activated. In other cases, the free bet is credited to the punter’s account, where the punter’s initial bet loses its outcome. Free bets may be restricted for use in specific events like horse racing and soccer. Existing customer free bets usually have conditions attached, such as:

Play-through requirements

A play-through requirement means that you have to stake additional bets using your funds before you can withdraw the winnings from the free bet given to you. The way to know the worth of a free bet is to multiply the required number of bets you have to place by the free bet to know its value. For instance, a punter is given $100 as a free bet. If the bet is to used three times before real money can be won, then the punter will have to place bets worth $300 to win the $100 free bet in cash. Play-through requirements vary from sportsbook to sportsbook.

Wagering requirements

The wagering requirement is the minimal value of the odds that must be selected by the punter while betting with his funds for him to receive a free bet. Most punters will set a minimum odds of 1.80 and above for the free bet to be activated.

No matter what your betting pleasure is, there is sure to be a free bet covering that market. Be it, soccer, horse racing, or Formula One, punters can now receive free bets to be used in all events as their welcome or loyalty bonus. However, all free bets are not created equal. Some offer far more monetary value than others. For a punter to choose wisely, these are factors to consider.

Size and Type of Free Bet Bonus

Obviously, potential customers will be enticed by the promise of a large free bet bonus but sometimes these have more requirements attached to them.

Take the size of the free bet into consideration but also look at the type of free bet bonus.

Is the free bet a risk-free bet? Will it be added to your account after first deposit or first bet? Or, will you have to place five or more bets of the same amount before qualifying to receive a free bet?

Also, make sure to take note of whether the promotion is market specific. In other words, the free bet bonus may only apply to those new customers who place a specific stake on any soccer market or a specific match.

Turnovers

Most free bets have turn over stipulations, which specifies how many additional bets need to be placed by the punter before the winnings from the free bet can be extracted. For instance, a free bet may have a value of $200. If it is to be turned over four times, then the punter will need to bet $800 of his funds before he can claim the winnings from the free bet.
It is important to remember the higher the turnovers required, the harder it is to collect your winnings from the free bet.

Geographical location

Often enough, free bets may be restricted to punters who come from a specific location like Canada, or the US. You should check that your location is not barred from using a free bet before committing your funds.

Wagering Requirements

As already mentioned, most free bet bonuses will have several wagering requirements attached. These are usually in the form of minimum turnover on the free bet amount.

For example, a customer may receive a $10 free bet after placing their first bet from a new account. This may be subject to a minimum turnover of 5x the free bet bonus amount, which means any winnings from the initial free bet will be held in a bonus balance until the customer has staked another $50.

Once the turnover requirements have been met, these bonus funds are then converted to real withdrawable cash.

Expiration Period

Most free bet offers will include an expiration period. This usually means that new customers must place their qualifying bet within a set amount of time after signing up for a new account, and then they will have another set amount of time to use the free bet(s) which they qualify for.

For example, a customer may be given a time limit of 48 hours after signing up for a new account to bet the qualifying amount required for the free bet bonus to be applicable. Once they have qualified for the bonus, the free bet(s) will be added to their account and they can use them as they wish.

But, usually, these free bets will expire around seven days after being added to an account. If they haven’t been used by the expiration date given, the customer will no longer be able to use the free bet.

For this reason, it’s always best to fully read through the terms and conditions before signing up for a free bet offer, note down any expiration period given, and use the free bets as soon as possible after they are added to your account,

Otherwise, you may find yourself missing out on the bonus that enticed you to a site in the first place.

Minimum Odds

This requirement is important as not sticking to it may prevent you from qualifying for a free bet bonus. Basically, most online bookmakers will include minimum odds to any qualifying bets or bets using the free bet stake.

For example, a free bet bonus may require customers to place a qualifying bet of at least $10 on a bet which has odds of at least 1/1 (2.00). Any bets with odds shorter than this will not qualify for the bonus.

Also, the same minimum odds will usually apply to any free bets the customer has qualified for and possibly any bets within the bonus period, which will be before the customer has fulfilled any wagering requirements attached to the free bet promotion.

Customers should always read the terms and conditions, including the small print, to find out any information regarding minimum odds requirements. Placing a bet on shorter odds than required will mean not qualifying for the bonus and will mean missing out on it altogether if the promotion only applied to the first bet using a new account.

Free bet winnings can be withdrawn into your account when the bet has been won, and all the terms and conditions are met. This also includes the turn over requirements as well as the minimum qualifying odds.

When it comes to promotions, some bookmakers are far ahead of the curve than others. These are the best bookmaker offers:

1. Betfair: $100 free bets. Betfair offers new customers the chance to increase their bankroll by offering five free bets worth $20 each. Apart from the fact this sportsbook bet offer has no turnover requirement; it also comes with a low odds requirement of 1.50, which offers immense value to the punter. However, this offer is exclusive to new customers.
2. Betway: Betway rewards customers who deposit funds using their debit and credit cards as well as PayPal with a free bet worth $30. It has a single turnover requirement with the lowest odds of 1.75.
3. 888Sport: This bookmaker gives out $40 in free bets to new customers who deposit a minimum of $10 into their accounts. The free bets have a wagering requirement of 1.50 and are enjoyed using the promo code “SOCCER.”
4. Ladbrokes: The offer by this betting company is restricted to new customers from Canada. Ladbrokes gives these punters $30 in free bets when they place bets worth $10. The offer has no turnover requirements, and bets must have minimum odds of 1.50 and above.
5. BetVictor: BetVictor offers new customers $30 when they bet $5 on a selection worth 2.00 or more. The offer has no turnover requirements. It is given to the punter when the bet is placed within seven days of activating the account. The offer must also be used within seven days of placing a qualifying bet.

The best time to enjoy free bets offered by betting companies is during major sporting events. These events include the Stanley Cup Finals, Champions League Finals, World Cup Finals, Super Bowl, MLB World Series, and NBA finals.

Free Bets

Bet365 offers new customers a maximum of $100 as bet credits during the Qatar World Cup.
William Hill also offers 100% matched betting up to $100, as well as Acca boost offers.
888sport offers enhanced odds as well as $40 worth of free bets on a 10 bet.

Copa America Free Bets

Bet365 offers punters the chance t stream all Copa America matches where the punter funds account 24 hours to the event.

Women’s World Cup Free Bets

William Hill registration offers for new customers, and acca betting meaning boost for four-folds and above per day.

Bookmakers have discovered the massive appeal free bets evoke in bettors. This explains why they are consistently rolling out several types. 

Below, we will explore the most popular types of free bets and how you can use them to your advantage. 

1. Enhanced Odds Bonus

An Enhanced Odds Bonus is a free bet that provides “upgraded” odds on events. For instance, a match between Man City and Arsenal could have enhanced odds for specific events in the match.

Bookmakers may offer bettors enhanced odds of, say, 16/1 for Erling Haaland to score the first corner.

Enhanced Odds Bonuses are typically offered as part of a promotion or as an incentive to bet with a bookmaker. 

They can be used in any market, but they are most typically seen in sporting events like soccer and horse racing.

2. Matched Free Bet

A matched free bet is when you place a wager with your own money, and the bookmaker matches it with a free bet of the same amount. 

Let’s say you bet $10 on a horse at 2/1 odds; the bookmaker will give you a $10 free bet to use in this scenario. Overall, matched free bets are commonly available on horse racing and soccer matches.

3. Stake Not Returned (SNR)

There is no such thing as a sure bet regarding free bets. Some bettors, however, may feel more at ease with a stake not returned (SNR) free bet. 

This type of free bet means that if your bet loses, you will not get your stake back. While this may seem like a bad deal initially, it can be beneficial in the long run.

The main benefit of an SNR-free bet is that you do not have to risk any of your own money. This means you can wager without fear of losing your own money. 

Furthermore, if your wager is successful, an SNR-free bet might help you increase your earnings.

4. No Deposit Free Bet

No deposit-free bet is one in which you can sign up and bet without putting any money down. It is an attractive risk free bet.

However, this kind of risk free bet is usually relatively small, approximately $10 or less. 

That’s because the bookmaker takes on all the risks with this bet. However, winning big with a no-deposit free bets is still possible, so it is worth checking out.

5. Qualifying Free Bet

A qualifying free bet requires you to place a wager to receive the free bet. For example, you might have to play $20 to get a $10 free bet. 

That’s what this type of free bet is all about. Moreso, qualifying bets can frequently be used on any market and at any odds, so keep a watch out for these opportunities.

6. Early Payout

With this type of free bet, you can choose to cash out your winnings before the event ends. This is an excellent strategy to ensure that you do not lose your money if the event does not go as planned. 

When there is a chance of a major upset, bookmakers will often provide an early payout option. This way, you can protect yourself from losing too much money if your wager loses.

7. Free Bet Refunds

A free bet refund is a form of bonus in which you get your stake back if your wager loses but keep the potential earnings if it wins. 

For instance, if you place a $100 free bet on a team to win and they lose, the sportsbook will refund your $100 plus any potential winnings from that wager. Moreso, free bet refunds are usually available for all users and on all games/events.

Commonly, free bets are more streamlined to sportsbooks. In the casino niche, bookmakers tend to offer free spins as welcome package equivalents of free bets.

Casinos provide free spins to entice customers to try their slots, but free spins are only alluring when they come with sizable bonuses and don’t require customers to invest real money. 

It is controversial whether or not one should invest time in obtaining free slots.

Players can win real money with free spins without making any investments. The number of free spins awarded by slot games can range from 10 to 50 to 100 for each bonus round. Depending on how many free spins users receive, the spin value changes.

After adhering to the rules of the game, players can claim their winnings after the game’s end. The reel-type slots often offer free spins in each round of play, while certain slot games may only offer them once.

The types include:

No Deposit Free Spins

Numerous online casinos provide free spins without requiring a deposit.

You will often receive 10 to 20 free spins. However, depending on the bonus package, some casinos may provide up to 80 free spins.

With this offer, gamers may explore the casino and try out a few games before perhaps depositing their first money.

Deposit Free Spins

To access the bonus rounds, players must first deposit real money. As bettors wager real money at these casinos, the bonus amounts from the deposit-free spins increase. They can also redeem the rewards without restrictions.

No-Wager Free Spin

Concerning internet casinos, these are quite new. Free spins with no wagering requirements might be the future of online casino promotions. 

When using the other kinds of free spins, players must fulfill a wagering requirement to cash out their winnings. No wager-free spins do not have this requirement, so it is not the case with them.

Since you don’t have to bet through your bonuses, players may withdraw their earnings immediately. However, there aren’t many online casinos that provide these sorts of free spins.

The premier league, being the most popular league in the world, provides massive betting opportunities for bettors.

We have put together a list of the best premier league offers that punters can take advantage of and get premium value from. 

These offers are also from legitimate and reliable bookies.

FansBet– 200% Bonus Up to $200

Bonus Code- Sports-200

For New Customers. Bonus amount equal to 200% of the deposit. Deposit up to $200. Withdrawal voids bonus. Wager deposits 10x on sports to release bonus. Bet on 3 or more selections at odds of 1.35 or greater for each. Wagering requirements are to be concluded in 7 days. Bonus is issued in real money. Void and cashed-out bets do not qualify. Only the first bets from multiple wagers count towards the bonus. Offer valid once per customer. FansBet’s T&Cs apply. 18+ Gamble Aware

Cryptocurrency is rapidly becoming a major means of payment worldwide, and betting is not left out. 

There are tens of crypto-betting sites that have sprung up over the years to allow people to bet through this medium.

However, there is no denying the risk of dealing with an illegitimate crypto bookie and losing your money. 

As such, we have compiled a list of the most high-ranked crypto betting sites where you can bet with different crypto coins, have easy withdrawals, and have a safe guarantee.

Cloudbet

Welcome Bonus- 100% deposit bonus up to 5 BTC 

• Established 2013
• Accepts payments from several wallets and credit card
• Secure payouts
• Reliable bookmaker
• Wide range of platforms including sports, virtual sports, casinos, and esports.
• Offers reliable odds.

Sportsbet

• Originally established in 1993
• Anonymity for players
• Excellent reputation plus quick response rate.
• No welcome bonus but they have varied ongoing promotions
• Cash back offers

Stake

• Established 2017
•       Welcome bonus- 10% Rakeback with code SBGBACK and 200% Welcome Bonus up to $1000 in Crypto
• Licensed and verified crypto betting operator.
• Wide range of betting options
• Quick and easy sign-up process.
• Easy and safe withdrawals
• Crypto betting on sports gambling, original games, live casinos, and casino games.
• Supports 19 different cryptocurrencies including Bitcoin, Ethereum, and Litecoin.
• Weekly giveaways and special promotions.

Goldenbet

• Great sports coverage which includes all major leagues
• Established 2021
• Attractive and varied bonus offers
• 24/7 live chat and customer support
• Easy cash out feature
• Competitive and high odds available
• High weekly withdrawal limits

BetOnline

• Established 2004
• Up to 100% bonus on first deposit via crypto
• Reliable sports bookie
• Great customer support
• Available sports betting on various events, including sports and live betting
• Accepts many cryptocurrencies
• Great and exclusive bonuses for bitcoin betting.

Mr Sloty Sports 

•       Welcome offer- 100% up to $100 with Code 100SPORTS

• Established 2020
• Safe & secure payouts
• Speedy payments via bitcoin
• Over 30+ sports
• Available in the CA

BetFlip

•       Welcome bonus- 111% on the first deposit
• Launched 2019
• Easy sign-up and verification process
• Various ongoing bonuses and promotions for players.
• Over 2,000 unique games and sports markets are available.
• Supports several payment methods including different cryptocurrencies.
• Instant withdrawal without a pending period.
• 24/7 chat support.

NetBet

• Founded 2001
• Accepts bitcoin payments since 2016
• Well-structured mobile app
• Easy-to-use platform
• Competitive odds
• Various ongoing betting promotions available
• Over 25+ sports available to place bets.

EnergyBet

• Established 2012
• Generous welcome bonus of up to $50
• Bitcoin payments and deposits of up to $1,200
• Over 16 different sports available on the platform
• Live betting feature available
• Nice mobile app features
• Easy cashout available
• Bets outside sports, such as entertainment and politics, are also available

Enhanced odds offers are one of the best ways bet players can get value and there are several betting sites offering different promotions that you can try out. We have worked on a list of best-enhanced odds betting sites and offers for you.

These online bookmakers offer the best value and they are also reliable and easy to register with. Follow the enhanced odds provided by each site and note that all terms and conditions apply.

888 Sports 

 $30 Free Bets + $10 Casino Bonus When You Place First Bet of 10+

• Boosts with other promotions available
• Enhanced odds for soccer and place terms available

New Customers Offer

Qualifying bet should be a min deposit of $10. Only bets placed on min 1.2 odds or greater qualify. Qualifying bets must be placed within 30 days of registration. Free bets come in once the qualifying bet is settled. Free bets expire after 7 days. Stakes not included in returns. Free, cashed-out, and voided bets do not qualify. Country & T&Cs apply.

BetFred 

 Get $60 Bonus for $10

New customers only

• Offers enhanced odds in a wide variety of markets.
• Available across many sports
• Track all bets.

Sign up with the designated promo code. Place a qualifying real money bet of $10 and above on any sports. Bets should be placed within 7 days of registration. First qualifying bet must be on sports. Free bets expire 7 days after free bets paid. Payment restrictions apply. Full T&Cs apply.

Bet365 

Bet $10 Get $50 in Free Bets

• Enhanced odds on soccer markets.’
• Varieties of sports to choose from

New customers offer. Minimum deposit requirement of $10. Free bets are issued as bet credits. Free bets are available for use after qualifying bet settlement. Use free bet credited to place other bets. 1.5 odds, minimum requirement. Bet credits stakes are not withdrawable until wagering requirements are fulfilled. Returns do not include qualifying stake. Bet credits expire after 90 days. Payment methods, identification & T&Cs apply.

PaddyPower 

Bet up to $50 and Get it Back as Cash If it Loses

• Boosted odds on the Win-Draw-Win
• Money Back bets
• Excellent bet builder odds
• Wide range of sports markets available

Qualifying bets with min of $10. Place up to 5x $10 to qualify. Bets can be on any market at min 2.0 odds. Money back guaranteed as cash if bet loses. Max refund per bet is $10 Up to $50 in total. Only card deposits are eligible. Apple Pay payments are not eligible. Visit the site for more information. Full T&Cs apply.

SkyBet

Bet up to $50 and Get it Back as Cash If it Loses

• Daily price boosts for most sports.
• Tracking of bets across markets.
• Varieties of markets and sports available.

New customers offer. Only first bets qualify. Place bets of $5 minimum to qualify. Place a bet on Sky Market with odds of 1.1 or greater. Free bets come in four $5 bet tokens. Bet stakes are excluded in returns. Free bets are not withdrawable and come as bet credits. exclude. Free bets do not expire. Neteller & Skrill do not qualify for payment. Full T&Cs apply. 18+

The World Cup is around the corner, and bookmakers have started putting together scintillating offers such as free bets and other bonuses, taking advantage of soccer’s biggest competition to increase their customer base as well as give bettors a whole new experience.

This article contains some of the best free bet opportunities different bookmakers offer and details about each of them.

BetWay Quest to Qatar

The BetWay Quest to Qatar is an upgrade on the Free Bet Club, focusing on the 2022 World Cup. With several intervals of free bets, bettors have the chance to win free bets of up to $120.

This is how this offer works; First, bettors must opt-in to participate. Then bettors that wager $25 each week, starting from 24th September through 18th November, will be credited with the customary $10 in free bets. 

This is in addition to $5 bonus free bets that will be added to a “Quest to Qatar pot.”

Furthermore, after placing qualifying bets during the duration of this offer, bettors are also entitled to an accumulated pot of $40 in free bets, released as $5 eight times, which can be used during the World Cup. Other perks include the usual Free Bet Club’s $80 and an additional $5 in Free Bets for completing the Quest to Qatar.

After satisfying all the criteria, half of the pot’s content for the Quest to Qatar will be credited on Saturday, 19th November, and the other half will be credited on Saturday, 3rd December. 

Similarly, a $10 weekly free bet will be distributed in two installments, with the first $5 installment arriving on the Saturday following qualification and the second $5 installment on the following Monday.

Note that all the qualifying bets must be made with real money wagers of $25 minimum. In addition, the bets must be on Bet Builders or multiples having a minimum of three selections and a minimum combined odds of 2/1. 

Esports, Betway Boosts, and Enhanced Price Offers are incompatible with this Quest to Qatar offer.

Matchbook World Cup Offer

For its World Cup Special Offer, Matchbook offers new users up to $60 in Free Bets. This is how it works:

First, new users must register an account using the code: MATCHBOOK60. After that, bet with a minimum of $25 on any soccer market with minimum odds of 1.8 or 4/5 and get a $10 Free Bet for each qualifying week. 

The qualifying weeks start from 10th October to 16th October for the first week until 7th November to 13th November for the fifth week.

For the sixth week, if you used all the $10 free bets accrued from the previous five weeks, you will get another $10 free bet.

Bet365 Open Account Offer

The Bet365 Open Account Offer is available only for new users. This offer gives new users five times the value of their qualifying bets, which will come in handy during the world cup.

To participate, simply register a new account and find it with a minimum deposit of $5, then claim the offer within 30 days of registering.

Once you do that, you will automatically qualify for the free bets, which will be held in “Bet Credits,” a maximum of $50.

To make use of the Bet Credits, you must place bets of at least one selection with a minimum of 1.20 (1/5, and that tally with the value of your qualifying deposits, maxing out at $10.

Your Free bets will then be released for use on any sports betting market of your choice. Note that you can only withdraw the derived winnings, not the bonus funds.

888sports New Customers Offer

In this offer, new users will get $30 in free bets plus a $10 casino bonus after placing their first bet of $10 or more.

To participate, first register an account, then make your first deposit. Deposits made with Pay Pal, Skrill, Neteller, MuchBetter, and Paysafecard do not count in this offer. 

After that, place bets on any sports market with at least $10 on minimum odds of 1.5 or 1/2 within 30 days of registering.

Once your bets settle, you would get $30 in free bets.Note that the Free Bets will be available to be claimed for use in three different $10 intervals. You must use them within seven days of getting credited to avoid expiring, while the expiration time of the Casino Bonus is 14 days.

Horse race betting keeps attracting more enthusiasts, thanks to the immersive spectacle of seeing the horses gallop their way to victory and the opportunity to win big from this show.

This has also led bettors to search for bookies where they can utilize the win opportunities at lesser risks via free bet stakes and other bonuses.

Thankfully, this section highlights some of the best bookies that offer free bets for horse racing activities.

Betfred’s Horse Racing Free Bet if 2nd

This offer is as simple as the name implies; You will be refunded up to $10 in free bets if your selection finishes in 2nd place. The minimum refund is 10p while the maximum is $10.

Simply stake on a win or each way single on nominated races and win your stakes in free bets if your selection finishes 2nd.

Note that the race must start with at least five runners for it to qualify. Non-qualifying bets include ante-post bets, bets placed on unnamed favorites or unnamed second favorites, and dead heat firsts.

After winning your free bet, the bonus lasts only seven days before expiring.

Unibet Horse Racing Free Bet if 2nd

Like Betfred, Unibet also guarantees you money back if your selection finishes in second place in nominated races, featuring an additional offer for a third-place finish.

First, you have to opt-in for this offer on the bet slip. Then place a single bet with a minimum stake of $1 on any of the nominated races listed with their respective dates. 

If your selected horse finishes in second place, you will be refunded your stake back up to $20 as a Free Bet and up to $10 cash if your selection finishes 2nd or 3rd.

Not bad, pocketing 20 in free bets with no stress, right?

Note that Dead Heat, Ante Post races, Future races, and Tote/Pari-mutuel markets do not apply to this offer. In addition, at least five horses must be featured in the race for it to qualify.

Betway Horse Racing ACC Welcome Offer

This offer gives new users a minimum amount of $5 and up to $30 in free bets if their first horse racing accumulator losses.

To participate in this offer and get $30 in free bet stakes, simply make a deposit using any debit card deposit channels and wager a minimum of $5 on a horse racing accumulator with a total odds of 2.00 or higher. Note that the bets must consist of at least three legs on a horse racing market.

Non-qualifying bets include Bet Builders, bets involving cash-outs, and bets with the inclusion of any sports market outside horse racing events.

Your account is expected to be credited with the free bet stakes within one hour of settling the bet. However, this bonus offer is available for only seven days after you get credited.

Betvictor Horse Racing Offer

Get up to $40 in bonuses after betting $10 on horse racing events. To participate, you must first open a new account, then opt-in for the offer.

Make a deposit, then place your wager on any Horse Racing event with a minimum of $10 stake having minimum odds of 2.00.

When your qualifying bet settles, you are entitled to $10 Free Bets for use on any Horse Racing markets, any Lengthen The Odds market (credited a day after settlement), and any Daily Racing Specials (credited two days after settlement).

In addition, you will be given a $10 Slot Bonus usable on specific Slots and must be wagered 40 times before you can withdraw.

Note that all these bonuses expire seven days after getting credited.

Ladbrokes New Customer Offer

This offer gives new customers a $40 bonus fund in free bets when they wager at least $5 on any horse racing markets or other eligible sporting markets.

To participate, first, register an account with Ladbrokes, then deposit $5 or more and place a qualifying bet.

The qualifying bet must be wagered with real money and not any other bonus funds or free bets. The bets should include a minimum of up to 5 cumulative or win stakes with total odds of 1/2 or more. Wagers on Pools or Tote are not deemed as qualifying bets.

These qualifying bets must be placed within 14 days of registering your account. After placing your qualifying bets, you will be credited with 4 x 5 free bets, which must be used within seven days to not expire.

Apart from horse racing, some other sports you can wager the free bonus on include; Soccer, Boxing, Rugby, UFC, Tennis, Basketball, Volleyball, and others.

Note that virtual sports are excluded. Also, the bonus is not included in the winnings that can be withdrawn.

While we have extensively hit on free bets, let us streamline it this time to the best free bet offers for existing customers.

These offers differ from the new-customer offers, with the latter exclusive to people just opening an account. The existing free bet offers we will mention here cover some of the most exciting loyalty packages (for existing customers) on offer in the market today.

Ready?

1. 888sport Existing Customer Free Bets

888sport has one of the most exciting free bet stakes for existing customers, and they span many sports and competitions. They have the “free to play soccer predictor,” where you win $10,000 for correctly predicting eight soccer games for free.

888sport also has the UEFA Champions League Free Bets Offer, the 888sport Acca Club, Bet Builder Blitz, and other exciting free bet offers. You only have to be an active member to qualify for most of these free bets. Plus, they all have simplified and understandable terms.

2. Paddy Power Customer Free Bets

Paddy Power has interesting free bets that might be worth trying if you already have an account. These free bets provide you with some of the best odds in the market, automatically guaranteeing a massive payout if you win.

The Paddy Rewards Club offers existing customers a chance to get $5 or $10 in free bets weekly if they placed a $25 or $50 punt in the previous week. At ½, it also has one of the best odds limits to qualify in the market. You can use the free bets to stake across numerous sports and competitions.

3. Unibet Customer Free Bets

Unibet is known for its exciting betting offers. The bookmaker has a free bet in which customers can get up to $10 in free bets if they place up to five bets worth $10 or more on in-play bets at odds of even in numerous sports. These sports include cricket, soccer, tennis, and darts.

You can also enjoy some free-to-play games in sports like soccer. However, it’s exclusive to competitions like the UEFA Champions League. You can get these free bets and more on Unibet’s official website.

4. Betfair Customers Freebets

If you’re a fan of multiple and each-way bets, then you might be interested in the Betfair customer’s free bets. Existing customers will get $5 in free bets if you place $20 wager on multiple bets. 

There’s also a bonus in which you can select the number of places on your each-way bets.

Betfair allows you to enjoy some of the most friendly terms in the market. For instance, not many other bookmakers let you select the number of places in your each-way punts. 

The brand also has a lot of other free bet offers spanning casinos and arcade options. You can access the active free bet offers on the brand website.

5. SkyBet Customer Freebet

SkyBet rewards existing customers with $5 in free bets weekly if they place bets worth $25. While most other bookmakers usually set an expiry date for the free bets, The free bet didn’t have an expiry date, which is applaudable, especially now that almost every other free bet out there has around 3-7 days expiry date. 

You can decide to use the money to bet anytime that you want without the risk of losing it.

SkyBet also has other occasional free bets and offers for new and existing customers. However, you should note that other SkyBets free bets might not have the same terms as this particular one (especially the ones for new customers.)

6. Coral Customer Free bet

Coral welcomes new customers with a $20 free bet. On top of that, Coral still has other active offers and promotions to ensure that you keep on betting. One of those offers is the Coral Soccer Freebet.

The bookmaker rewards you with $5 in free bets every if you place a soccer bet worth $25 in your Bet+Get club. You have to meet the minimum odds of ½ or greater, and Coral will only pay you the free bets after the wager is settled. You can use the free bet to bet on any games you want.

888 Casino Free Spins No Deposit

One of the most exciting free bets is the 888 Casino $88 Free Bets. All you have to do is sign up, claim your offers, and play. 

You can use the bonus across numerous supported games like Irish Riches, European Roulettes, Rise of the Pharaoh slot, etc. the best part is you can win games in real-time without having to deposit any money.

What’s more? You can also get up to a 100% bonus on your first deposit of up to $100. The most exciting thing about the offer is that you can create an account instantly and

start enjoying it. If you know where to look, there are other exciting offers

you can enjoy as a new customer.

Bet365 6 Scores Challenge

New customers can play the Bet365 6-scores challenge to get numerous bonuses and a shot at winning a jackpot. It’s the brainchild of Incentive games, which partnered with Bet 365 to create this masterpiece for fans of soccer betting. 

You only need to predict six soccer matches’ correct scores accurately to win the ultimate jackpot.

However, you get to win smaller prices if you’re close to the total but didn’t predict all correctly. You can predict games across numerous leagues.

PocketWin $10 Welcome Bonus

Sign up today and get up to $10 in free bets. This offer has 40x wagering requirements; it’s strictly for new customers. It has a 14 days expiry period meaning that the free bets

will disappear if you don’t bet with them within the period.

You can also get up to 200% off your first deposit to bet across various sports and leagues. However, you should note that the maximum bonus you can get is $100. You also get a withdrawal limit of $50 from your bonus winnings.

PokerStars No Deposit Free Spins

PokerStars is currently offering 100 free spins for new casino players. All you have to do is signup, verify your account, and you’ll be credited with a total of 100 free

spins over the next few days. 

PokerStars will credit you with 20 spins in the first 30 minutes of your verification, another 20 within the next 36 hours, and so on, to a total of 100 spins.

Note that you must’ve exhausted all the spins before you’ll be able to withdraw any winnings. 

Also, you must use all the spins before seven days, or they’ll expire. Apart from the

No Deposit Free Spins, there are other fantastic welcome bonuses you can enjoy

from Pokerstars.

Ladbrokes Instant Spins

New and existing customers can benefit from Ladbroke’s instant free spins. You must have a verified account on the platform and be eligible for promotions to enjoy the

free spins. All you have to do is access Ladbrokes website, click on the free

spins promotional adverts, and you can spin the wheel without having to pay a

Dime.

You can get different rewards from the offer, like casino bonuses, more free spins, free bets, bingo tickets, etc. However, you can only use one spin per promotional day, and the maximum payout is $100. 

You must meet the offer’s wagering requirements seven days after they’re credited to your account, or you risk losing them all.

Do bookmakers make profits from free bets?

In most cases, bookmakers don’t make significant profits from free bets. Free bets are essentially aimed at pulling in new customers or rewarding the loyalty of existing ones. 

Bookmakers even expose themselves to losses with free bets as there is a solid possibility of bettors fulfilling the associated wagering requirements and gleefully withdrawing their winnings from the free bets.

How do bookmakers then financially compensate themselves for the free bets they offer?

Vigorish

The “vigorish” or “vig” is a charge that bookmakers add to each wager they accept, in addition to the winnings they distribute to their clients. Naturally, they want to ensure that incomings outweigh outgoings.

This is usually accomplished by altering the odds such that an equal number of individuals bet on a win or loss.

Since the results of sporting events aren’t always equally likely, things become a little tasking. Many betting markets have more than two possible outcomes, and bookmakers won’t necessarily make the same amount of money on all of them.

Because of these factors, becoming a successful bookmaker requires more than just vig. To guarantee regular returns, bookies need other strategies, and here is where odds compilers come into play.

Odd Compilers

Bookmakers’ odds are established by odds compilers. They also go by the name “traders,” and play a crucial role. How much money a bookmaker will make and how many bets they are likely to accept ultimately depend on the odds they set. Pricing the market refers to the process of determining the odds for a sporting event.

Several factors influence the pricing of sporting events. The main objective is to ensure that there is a built-in profit margin and that the chances appropriately represent how likely any certain event may be. 

Although statistics play a big part in predicting results, it is sometimes necessary to use some level of sports experience.

Balanced Books

A bookmaker with a balanced book on a specific market stands to make roughly the same amount of money regardless of the outcome. 

An unbalanced book might even cause a loss, which would have an impact on how much money bookies gain. 

Odds compilers often strive for a balanced book since it’s usually preferred for obvious reasons.

Adjusting the odds doesn’t always result in a balanced book, but it often helps. This is one of the reasons bookies place such a high value on wager volume. In general, they are more likely to strike the appropriate balance when there is more money flowing in. The objective is to attain as near to perfect market equilibrium as possible, which is quite rare.

Match betting works in a way where a minimum of two bookmakers or betting exchanges must provide the user with a free wager. 

As soon as the free bet is placed, all potential outcomes are hedged using other bookies or betting exchanges, ensuring that the value of the free bet is maintained regardless of what happens.

A matched bet is essentially just a back bet placed at a bookmaker using the free bet and a lay bet placed at a betting exchange for the opposite outcome. 

The bets are placed on many bookies in more sophisticated forms to avoid the commission fees associated with using an exchange.

Matched betting includes some risks. There are advantages and disadvantages to matched betting, and there are various ways it might cost you money. The risk is negligible, however, if done correctly, as your gains should more than offset any losses.

When you first start with matched betting, you are more likely to lose money. You have a higher chance of losing money since you might not be accustomed to the betting environment and haven’t fully comprehended everything.

Also, for a smaller event, the odds can be quite volatile and alter significantly within seconds. A similar change can occur after you’ve placed your back bet and before you place your lay bet.

Unfavourable odds change can trigger a bigger qualifying loss.

The primary distinction is that traditional arbers(arbitrage operators) spend their own money.

However, matched bettors rely on sportsbooks, eSportsbooks, and other bookmakers’ free bets to generate money, thereby often putting bookmakers at a disadvantage.

The concept of matched betting is generally easier to comprehend and doesn’t require a lot of basic knowledge. Arbing, on the other hand, necessitates continuous learning, and you’ll learn something new virtually every day.

The time commitment for arbitrage betting is significant. Work up to 12 hours a day if you’re serious about it and want to make it your main source of revenue.

When compared to matched betting, arbitrage betting offers much higher long-term returns.

With matched betting, you can earn a significant amount of money each month. The availability of bonus offers, however, is this strategy’s major drawback.

You’ll have much smaller monthly profits after claiming your welcome bonuses and free bets. Occasionally you’ll get additional free bets and recharge bonuses, but they still won’t be enough to balance your monthly revenue.

In a sense, matched betting isn’t illegal. However, it is quite likely to be against the terms and conditions of an online betting provider, and as a result, anyone who attempts it runs the risk of getting into trouble. 

This involves being denied the ability to withdraw money or possibly being charged with fraud.

Note that while an operator may not address matched betting in their regulations or T&Cs, they nearly always prohibit the techniques used to conduct it, such as running multiple accounts and using stolen credentials.

Your matched betting tactics will determine whether or not you are banned. The bookmaker is often more interested in his personal profit. 

The platform disables the account if it consistently engages in wagering conduct that poses a threat to the host; or if the users break some rules.

Your tactics need to be somewhat controlled. Observe the rules of the platforms. By doing so, you reduce your chances of getting banned.

Free bets can raise your profit margins, but they also increase the likelihood that your account will be blocked if you use them regularly. This is a crucial point to bear in mind. Free bets are powerful, but you can’t afford to use them excessively.

Bettors are massively adopting cashouts for the risk management they bring to betting. Imagine losing a massive stake because of one adverse, last-minute turn-around in the fixture.

With cash out, you can safely redeem a bet before an event ends. Say there is a match between Man United and Chelsea, which you staked Man United to win.

Suppose, according to your bet, Man United is winning by 1-0 margin by the 75th minute but suffering relentless pressure from Chelsea. In that case, you can safely cash out the bet at the 75th minute instead of risking Chelsea equalizing. 

Sounds great, doesn’t it?

Unfortunately, most bookmakers will not allow you to cash out your free bets.

Free bets are intended for use on the site only and cannot be withdrawn. However, if you use your free bet to place a winning bet, you will be able to withdraw your winnings. Just make sure you have completed the verification process before attempting to withdraw any funds. 

Let us talk about regions whose residents rarely enjoy free bet offers. Fundamentally, in these countries (we will mention below), it is constitutionally prohibited to bet.

Unless you leverage VPNs, you will likely never get free bets. 

Even using VPNs to mask your location (if you are in these regions) is not recommended, as the bookmaker may later discover the disparities and block your account.

The United Arab Emirates

Almost all Islamic nations forbid gambling. While some jurisdictions have slightly stricter laws, others prefer to ignore internet gaming. 

Online gambling is seen as being rather a murky area in many of these nations, either owing to an absence of regulations or other factors. But gambling of any kind is outright illegal in the United Arab Emirates. 

Individuals found gambling might face legal action and a two-year prison sentence. In the UAE, gambling is not only strictly forbidden, but the Telecommunications Regulatory Authority actively forbids individuals from accessing internet casinos.

Cambodia

Since gambling addiction has always been a problem in Cambodia, all forms of gambling are currently prohibited for its residents. Gaming sponsored by the government is allowed, including five independently operated private lotteries.

However, no foreigners living in the country are subject to the 1996 Suppression of Gambling Act, which puts this into effect. Numerous casinos cater to tourists and make good money.

North Korea

It should come as no surprise that North Korea is another nation where residents are prohibited from gambling. 

Only tourists can bet as long as they are on guided tours. You shouldn’t anticipate being able to gamble when visiting North Korea unless you’re going to Pyongyang, which has the only casino in the entire nation.

Qatar

The nation with the tightest gambling regulations is Qatar. Even sports betting is prohibited, and all types of gambling are illicit.

Unfortunately, this broad restriction has spawned a booming underground gaming industry, although many suffer the consequences of participation.

Although access to foreign-based websites is still feasible despite various government restrictions, some people nevertheless choose to gamble online.

Lebanon

Only the Casino du Liban in Jounieh is permitted to offer land-based gambling in Lebanon, and only one specific internet casino is allowed to offer gambling online. All other types of unlicensed gaming are prohibited.

Fortunately, the Casino du Liban’s ship provides passengers with the chance to travel into international waters where they may gamble without worrying about breaching any regulations.

Not just any betting enthusiast can jump online and pack home free bets. First, you must be of legal betting age to receive free bets –or even open an online betting account. 

Specifically, there is a minimum age you must attain before you can open an online betting account and receive free bets.

Can you cheat this process and register (getting free bets) despite being below the age minimum?

Bookmakers require KYC documentation after opening your account and would confirm your age against your official identity documents.

So what is this minimum age in Canada?

While the age varies across countries, in Canada, the general age

requirement for online betting is 18. It’s illegal for anyone under the age of 18 to bet.

The 2005 gambling act set the age requirement to protect minors and ensure that bookmakers don’t take harm or exploit them through gambling. 

Before 2005, a 16-year-old is eligible to bet. Although the gambling act doesn’t apply to Northern Ireland, the age requirement for betting online is still 18 in the country.

If we examine the betting requirements in some countries, the age requirement for online betting in the CA isn’t abnormal. 

You’ll have to be 18 to bet in France, Germany, Italy, and the Netherlands. However, you have to be at least 21 years

old to be able to gamble online in the United States of America.

Most other countries fall within the 16-21 age bracket, except for the Dominican Republic, which sets their online betting age at 13.

Free bets are very attractive, particularly because they often don’t require much financial commitment from your end.

Being that bettors tend to see free bets as disposable money from the bookie, they tend to waste it ridiculously – making mistakes they should have avoided all too well.

Let us look at some of the most prevalent mistakes bettors make with their free bets.

1. Betting haphazardly on many games

Yes, it is free bets, but your chance of winning is highest when your bets are planned. It will take monumental time and emotional energy to bet on many games, scattering your focus thin on excessive fixtures.

It’s important to remember that you can’t win every bet you make. Stick to betting on the games that you know something about, and don’t get caught up in trying to make a quick buck.

2. Not Using a Betting Strategy

New bettors often make the mistake of not using a betting strategy when using free bets. 

A betting strategy is a set of rules that you follow when placing bets. 

It can help you make more informed decisions about which bets to place and how much to bet. Without a betting strategy, it’s easy to make costly mistakes that can erode your bankroll over time.

The betting world has extensively evolved – and many betting strategies are being refined by the day. Some are simple and easy to follow, while others are more complex. The best way to find a betting strategy that works for you is to experiment with different approaches and see what results you get.

3. Not doing adequate research

Another mistake that new bettors make with free bets is not doing their research. It’s important to understand the ins and outs of sports betting before using your free bets.

Being reasonably informed on a fixture and the important developments that could affect its outcome consolidate your chance of winning.

Make sure you know the odds and the different types of bets available. By doing your homework, you’ll be better prepared to make informed decisions when placing your bets.

4. Using Accumulators

Another notable mistake bettors make is only using accumulators. As easily inferable from their names, accumulators combine more than one match selection.

This gives you a bet containing more than one event. Indeed, accumulators can be tempting because they offer the chance to win a large payout for a small stake. 

However, they’re also very risky, and most punters who only bet on accumulators end up losing money in the long run.

Also, bear in mind that not every bookmaker allows accumulators. Using free bets on accumulators on betting sites that prohibit this could lead to your free bets being voided.

Therefore, it is crucial to do preliminary research to determine if the bookmaker offering free bets permits using such free bets on ACCAs.

5. Not Shopping Around

Another notable mistake that new bettors often make is not shopping around for the best free bets. 

There is an impressive variety of sportsbooks out there today, and they are eagerly luring customers with free bets offers. 

It doesn’t hurt much to take some time to shop around and find the best free bets with the most comfortable wagering requirements and conditions.

The digital space is fast evolving –and interestingly, fraudulent actors are upping their sophistication. 

Regulators now require bookmakers to upgrade their scrutiny of new customers to ensure malicious individuals don’t take advantage of online betting for financial fraud.

One of the most common reasons why bookmakers will confirm your identity before offering you free bets (after opening an account) is to prevent money laundering. 

By verifying the identity of their customers, bookmakers can be sure that the funds being deposited into betting accounts are not coming from illegal activity.

Another reason why bookmakers may request identity verification is to comply with government regulations. In some countries, it is required by law for gambling businesses to verify the identities of their customers. 

This helps to protect both the customer and the bookmaker from potential fraud and legal problems.

Furthermore, bookmakers often ask for identity verification to ensure swift payments for the wins you make from your free bets or subsequent bets. 

Through this process, sports bookies can facilitate the payment of the winnings of their users. Moreover, as a user, if you don’t submit your KYC details, you won’t be eligible to place a withdrawal because it’s a mandatory requirement in many sport betting organizations.

Bookmakers also request identity verification to verify that the user is of legal age to gamble. This is particularly important if the user is placing bets on sporting events that involve minors. Through the process of verifying the customer’s identity, the bookmakers can be sure that they are not breaking any laws by allowing a minor to place a bet.

By taking this simple procedure, bookmakers can help protect themselves and their customers from potential difficulties.