Very often, novice bettors choose a bookmaker for themselves, based not on the most profitable odds offered, but looking at the most “profitable” betting bonuses. The free bet is different from the usual one. First, you do not lose anything even if you lose it. Secondly, unlike a regular bet, wherein case of a win, the amount of your bet plus the winnings are returned to your account, in the case of a free bet, if it wins, only the amount of the net winnings will be credited to your account.
How are free bets work
If you think that the free bet is a gesture of goodwill on the part of the bookmaker, then you are cruelly mistaken. In fact, the so-called free bets, which imply some kind of registration bonuses and other advertising tricks, are just an easy and proven way to attract new customers with an enticing signboard with little risk for the bookmaker.
Is a free bet a goodwill gesture? Is this a manifestation of gratitude on the part of the bookmaker for the choice of his office? Not at all. Free bets offer bonuses and other promotions are simply a quick way to acquire new customers with a low-risk incentive.
The most famous and common type of free online betting is the classic “risk-free” free bet. However, this controversial proposal is never without risk to the player. To be eligible to use it, you must be a new customer without a previous account log or live with a different account holder.
In fact, the bookmaker tells you what to bet your money on before giving you anything. A bet with odds of two or higher implies a probability of winning less than fifty percent.
- Free bets usually involve compensation of the bookmaker’s costs with your money
- Bookmakers force you to bet on less profitable or losing markets
- To withdraw funds, you have to place additional bets
If these conditions are met, you will be able to withdraw your winnings from the bonus money only after you have wagered at least four times the original bonus, and all bets must be accepted.
Free bet must be used as one bet. It cannot be split into several different rates.
As if that wasn’t enough, most bookmakers have a rollover obligation: if you win at online sports betting on a free bet, you must place a bet equal to your original deposit (this can go up to 10 times your deposit) before you can withdraw your winnings.
The best free bets betting offers
There are many types of free bets and bonuses. Every bookmaker strives to come up with something new. Here we take a look at the very best examples of free legal betting.
Bonus for the first bet
Perhaps the most widespread and popular type of Indian bookmaker. You open an account with a bookmaker, fund your account and place your first bet. The bookmaker provides you with a free bet for the same amount as the one you made. In other words, you place a risk-free bet.
A typical limitation for such bonuses is that there are limits on the minimum and maximum bets from the betting website, as well as on the minimum odds that you can bet on. You can find these nuances in the detailed description of the bonus offers you are interested in or contact the official support service.
Free Bets Series
Similar bonuses and promotions of bookmakers are similar to the ones we discussed above. The difference is that if you increase the bankroll by one hundred dollars and put them, you will receive not one free bet, but several, in total they will equal your first bet. Often five free bets are provided.
There are limitations here. All legal betting typically “expiration date” related rates. Relatively speaking, the next free bet in the series will become available on a certain date, usually after the expiration of the previous bet or its use. Thus, bookmakers try to ensure that customers visit their site regularly.
Percentage of the initial deposit
Recently, it has been encountered less and less. However, some bookmakers still use this type of bonus. The bookmaker offers you a bonus, which is equal to a certain part of your first deposit on the site, with a limit on the amount at which the first deposit bonus will be provided. For example, a bookmaker can offer you a profit of fifty percent of your deposit, but no more than two hundred dollars. In this case, if you deposit $ 300 in one payment, you will still receive a one hundred dollars bonus.
Bonus on the first won a bet
Some bookmakers are ready to provide you with a bonus in case you are the winner of the first bet. The size of the bonus mainly depends on the odds: if the odds were high, then the size of the bonus from the bookmaker’s office will be considerable.
Terms and conditions
The conditions for “using” free bets are different for each bookmaker. Some may offer large payments, but with a lot of restrictions. Other bookmakers will not have many restrictions, but the amount will not be the most impressive.
As a rule, the main condition for using free bets is to place a free bet with a coefficient of at least a certain value. Each bookmaker has its own. In many bookmakers, you can place a free bet with odds starting at one point five. Others will not accept your bet if the odds are less than two.
There are also restrictions on sports, leagues, matches, teams, the minimum deposit amount, the “expiration date” of the bet (we are talking about a specific date, until which you can use a free bet). Also, sometimes there is the following restriction: before you can withdraw your winnings, you must wager a certain amount a certain number of times.
But in any case, before choosing a free bet or a bonus from a bookmaker, carefully read the rules for its provision. Otherwise, you may lose the opportunity to use the bonus.
Rather than wasting money on mindless promotions that get in the way of customers, Parimatch focuses on offering the best odds possible, the highest online betting limits, and unique support policy for successful players. If you are placing your bets to make a profit, all of these unique selling points should be close to you.