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Build a Bet on Liverpool v Norwich and get a £5 FreeBet on football!18+, T&Cs Apply
Pinnacle Free BetsPinnacle offers no bonuses or promotions in order to compensate for their payout percentage.
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The online betting industry is a huge one by all regards.
As the demand keeps increasing, so does the competition. So how does one company stand out from the rest? Online bookies have taken another approach in order to attract customers. They started granting incentives or so-called bonuses and free bets. But how do free bets actually work and what exactly are they? Your Betting Fellow is here to explain all the nuts and bolts behind this phenomenon.
What Are Free Bets?
Free bets are essentially bonuses that a punter can use to place a bet in part or in full – up to the entire value of the free bet that he has been granted.
They seem too good to be true, and in all honesty, they mostly are. However, free bets still are a worthy enticement that can help you make additional cash. At the end of the day, there is no such thing as free money. Therefore, a set of strict rules or "terms and conditions", as companies call them, have been put in place in order to reduce their losses, while at the same time providing a pleasing experience for the users. Yes, you.
Some online bookies have £25+ Free Bet offers for new users. Upon closer examination of the offer, it is then explained in terms and conditions that you have to place a bet with your own cash. That wager must normally include at least one selection with odds of 1/1 (2.00) or higher. Only then will the bookie match this bet with their promo funds up to £25. Basically, the bookmaker is telling you what to bet on with your personal resources before giving you something in exchange. For example, with odds at 2.00 or greater, it’s a bet with a 50% chance of winning. More often than not, a novice punter will lose a bet, therefore resulting in bookie actually gaining money from them.
The biggest drawback with Free Bets is that they usually require you to match the bookmaker’s investment with your own, thus steering you into less profitable or losing markets. It is crucial to be patient when using free bets as you can often lose much more than you initially intended. One can lose ground when he is not wagering with his "own money". Additionally, in order to make a withdrawal, you need to make even more bets, by matching the wagering requirements.
The majority of bookmakers have a requirement for you to have staked at least four times the value of the initial bonus in order for the bets to be fully settled and eligible for withdrawal. For example, if you receive a £25 in promo cash, you would need to place a bet of up to at least £100 of your own money before you could make any withdrawals. For some bookies, additional requirements may include not placing bets on Asian Handicap, Goal Line, etc.
People who are in the exciting betting world for the sake of easy money should immediately look away from free bets. Just as sports betting itself, free bets are intended to increase the entertainment effect. Using them rationally and responsibly is the key here. Hitting free bets with a cool head and a sentiment that bookmaker is simply trying to give you an extra incentive is ultimately the way to go. By making sure you do so, the chances are you will actually enjoy free bets.
How to Get Free Bets?
When visiting an online bookmaker, they will usually have a promotions page in which you can find all of the free bets and bonus offers. After registering an account with a desired bookie, you can use the code that you have been provided with in order to claim your bonus funds.
It is important to do a bit of a window shopping before actually deciding which online bookmaker to go with. It’s a pedestrian’s work but you need not worry – Betting Fellow is here for you.
We have prepared a comprehensive list and offered you an opulence of choices. All that is left for you to do is decide which one you like the best and follow through with your decision. In the sections below, we named a few reputable bookies known for their amazing free bet policies. Furthermore, we explained their pros in order to make it easier for you to select the one that fits all of your needs.
How to Use Free Bets?
Most of the times, bookmakers are asking that you take initiative before they give you the free bet. You need to sign up, make a deposit and then finally place a bet. The majority of the bookies provide an initial matched bonus of 25% to 100% of your first deposit. When you make your first deposit, they will add a free bet. However, there are a few important notes that you should know about.
If your bet wins, your profit will be transferred to your main wallet. The original free bet stake is not repaid to you.
If your total bet stake is larger than the value of your available free bet, the remaining bet value will be made up of your own, real cash balance if there is any on your account.
It is essential that you carefully read what exactly is expected from you in order to be awarded the offer.
And as for using free bets, this part is actually quite simple and straightforward. Free bets are not free money that you can withdraw and take home with you, you have figured out that much by now. But they are a handy top-up money that you can use to keep on betting and – hopefully – win some real cash that, after the wagering requirements have been met, will be yours to grab.
Are Free Bets Really Free?
The question here is the one we get quite a lot. And it’s actually the one we have partially addressed. As you already know, money doesn't grow on trees. These betting companies have to make money in order to stay in business. Because of that, most of them offer promotions and free bets which are followed by a strict set of rules. Those rules determine what the free bet can actually be used on, and how much needs to be staked in order for your free bet to be deemed as eligible for withdrawal.
The bookmaker is not and never will be your buddy in the actual sense of that word. For them to operate and actually make money, someone needs to lose. Guess what, that someone is probably you. However, if you are smart, careful and play by their rules, it is possible to take advantage of their offers and earn cash. The devil is in the details and therefore, a lot of things need to be considered in order to make a profit. You'll need to pay attention to the little things, such as the country of residence, payment methods, or even the sports market, as not all of them are eligible for promotions. Once you get a full hang of all the side notes and tiny typing, you will learn how to get the full advantage of a free bet.
Free Bets Without Deposit
A No Deposit Free Bet means just exactly what’s written. It is a bet where you are not required to put down any of your own money whatsoever.
Understandably, this is becoming quite a popular method of gambling for many punters, as it immediately reduces any of the usual risk-taking involved in gambling. There are a couple of models of No Deposit bets. The first one being simple with small payouts and the second being more creative and allowing you to withdraw any profit you make.
Either way, the incentive of free money or credit is enough to get most players interested in trying out their knowledge and luck. In doing this, the operators try to encourage punters to bet, relying upon them to spend more money than was initially given. No Deposit bets usually have very high wagering requirements that go with them, as well as limits on how much cash the punter can walk away with. And that’s the catch.
Best Bookmakers for Free Bets
Most online betting sites give free bets to new customers in order to promote their business.
This includes all the major players, such as Ladbrokes, William Hill, Unibet, Paddy Power and Betfred. Each of these online bookies is good in their own special and unique ways. In the end, it all comes down to personal preferences and needs.
Some offer bigger bonuses, some have stricter rules, etc. The terms under which a free bet bonus is received change more often than not. Generally, they are all fair, but if you are looking to find the best deal out there, you’ll have to do the hard work and check the current offers and terms yourself. In this ever-changing industry, it is crucial to be in constant touch with specific developments if you want to maximize your profits. If not, any of the noted bookies will be more than adequate. In the list above we have noted some of our favourite online sports bookmakers.
Free Bets Rules
Free bet offers are commonly restricted to one-per-person, family, household address, email address or a shared computer. Occasionally, the value of the bet must be on a selection at odds of 1/2 or greater. The rules and conditions of the betting promotion state that we need to place a bet with at least minimal odds set by the bookmaker.
Placing and winning multiple wagers at the odds of 2/1 or higher is a lot harder than one might consider. In the end, a lot of novice bettors end up losing all of their personal funds. With free bets, the bookmaker is basically returning a portion of the money lost, thus reducing the risks, only after certain conditions have been met.
Can You Withdraw a Free Bet?
Unfortunately, a sportsbook free bet can't be withdrawn, but winnings which resulted from placing a free bet can be credited to your account.
Once they've been transferred to your main wallet you are free to use them however you like, whether to wager once again or to withdraw those funds. Your original ‘free bet’ stake will never be returned to you. This may disappoint a lot of you, but we still believe that free bets are a great addition. In the end, they represent yet another way of increasing your profits. Understandably, only if you play by the rules and know in advance exactly what they bring to the table.
Where to Find Free Bets?
Free bets are usually offered when making a new account with an online bookmaker. Their main goal is to give users an incentive to use their platform and services. It is an effort to separate themselves from the crowd, especially in one as competitive as this one.
We here at Betting Fellow went out of their ways in order to provide the best deals for our readers. On our website, you can find exclusive offers and promotions for the majority of online bookmakers. We only recommend the same websites and bookies that we use ourselves. For those reasons, you can rest assured that the noted companies are absolutely legit and trustworthy.
Moreover, they are bound to pay-up every cent of your hard-earned cash.