There’s a variety of types of free bets available to new customers when signing up to a bookmaker. We’ve listed what they are and what they entail below:
No Deposit Free Bets
No deposit free bets aren’t particularly common with bookmakers, but when they are offered, they normally are highly successful for the company. A no deposit free bet is pretty much what it says, you can sign-up to the betting company without having to actually offer any of our own money, which effectively means you can use their service free of charge as a one-off tester.
This comes more with Casino betting, but reload bonuses are another way for existing customers to get a free bet. The free bets are credited on top of what you deposit and give you some extra bonus funds to use in the casino or sportsbook specified.
Risk Free Bets
This type of Free Bet allows you to stake a certain amount (usually £20 but check the T&Cs) and then once the bet has settled, you will then receive your stake back in the form of a free bet or cash if the bet does fail to win. This gives you the opportunity to bet on pretty much anything you like, making it risk free.
Matched Deposit Bonus Free Bet
This type of free bet is one of the more commonly used strategies by a bookmaker together you signed up to their betting company.
This free bet see’s the bookmakers match the stake of your first bet placed with them. Be sure to read the T&Cs with all of the bookmakers as sometimes it can be misconstrued that it is your first qualifying bet and not your first deposit.
With matched first deposit free bets, they can range from £10 to £100 depending on the specific bookmaker, which gives you the potential of acquiring a large number of bet credits.
Enhanced Free Bets
Another great opportunity to be able to gather free bets but also place a bet on a selection that is far bigger than the original sports book price of the bet. A clear example of a bet like this is Presenting Percy to win the Cheltenham Gold Cup at 80/1 when the actual odds of the bet are 4/1. Should the bet win you will be credited with either free bets or cash depending on the permutations behind the offer.
Qualifying Free Bets
Without a doubt the most common free bet offers available from bookmakers. This means you will have to place an opening first bet above certain minimum odds (usually 1/2) along with a minimum stake (usually £10) which will be listed in the T&Cs. When doing this you will then be credited with your Free Bets or Free Bet Credits which will be available to wager on any selection you like. Qualifying Free Bet offers are usually presented as ‘Bet £10 & Get £30 in Free Bets’ or Bet £5 and Get £20.