A free bet is the usual bonus that will be associated with joining a bookmaker as a new customer, the free bet is usually claimed during the sign-up process. With the number of bookies available to use, the types of free bets will differ across the board. Some may have wagering qualifications and others may be as simple as just signing up. Most bookmakers will choose to use a free bet ‘token’ or a set amount of credits to the value of the free bet offer. Then they are able to take back the staked value, meaning if someone placed a low-odds bet, they wouldn’t also get the value of the free bet as their returns.
However, a lot of bookmakers will require an actual cash deposit to fulfil the terms and conditions of the offer. Understandably this is in place, as they don’t want customers to abuse the free bet offer when signing up. Other bookmakers will put a different spin on the free bet and make a minimum odds requirement, usually around 1.5/1.66. Despite some bookmakers making it fairly difficult to get your bonus, a lot of them will give a new customer a great welcome to their bookies. Whether this be from lucrative free bet or from a minimum odds requirement, they can still be very beneficial to any new customer.
To better understand what ways and methods you can use whilst claiming free bets, I’ve pulled together a small guide of how to best maximise your returns and how to also benefit fully from many bookmakers.
When considering which bookmakers to join, it’s very important to understand the pro’s and con’s of each particular bookmakers free bet offer. They can play a defining factor in which particular bookie you choose to use, as this may be a perfect start to a new account due to a lucrative & appealing welcome bonus. I’ll run through a few that you may come across.
Basically, when you sign up, your first bet will be completely risk free, usually up to a set amount. For example, you could place £10 on Manchester United to win at 2.20, if they went onto win the match, it would return £22 and if it lost, your £10 stake would be returned to your account as cash or free bets.
These are another very common form of free bet, essentially whatever your first bet stake is, will get matched by the bookmaker, usually in free bets. So, for example, you would stake £20 on a bet of your choice, usually at a stated odds for requirement purposes. The bookmaker would then usually match the bet as a free bet when your bet is settled (whether it’s a winner or a loser).
Essentially the same as the Matched Bet Bonus, but this time you don’t have to place the bet to qualify for the offer. Simply depositing into the bookmaker will trigger their offer, most bookmakers use 100% matched, but this can vary from 25%-150%. It’s always best to read up on the terms and conditions with these sort of free bet offers, as you’re essentially getting money for nothing if you decide to withdraw your qualifying deposit.
Another very common form of free bet offers, which can work extremely well for the bettor is signing up to bookmakers based on Enhanced Odds. Whether it be something like Anthony Joshua to win @ 40/1 or Man City to win the league @ 25/1 – the bets always seem rather ridiculous odds for the chosen outcomes to happen. Thus, dragging in the bettor, to sign up to an account with the bookmaker. These types of offers usually come with a max stake, which is usually very low, it’s usually somewhere between £1-£10. This obviously gives the bookmaker a bit of added security when putting out such lucrative odds on probable outcomes.
Obviously, a lot of free bet offers or sign up bonuses are in place to lure in new customers, but that’s not to forget that most bookmakers will reward existing customers too. It’s always important to ensure that the bookie that you join, continues to reward you as a loyal customer. Most bookmakers will give free bet credits or small free bets on regular occasions, just as a bit of a thank you and appreciating your custom with themselves. As the same with the usual free bets, these will usually be a no stake return when you place your bet. They more than likely will come with an expiry date on them, thus enticing the bettor to sign back into their account and use it before it runs out.
Many other bookmakers will have loyalty programmes, this is where you have to place a certain number of bets in a weekly period to qualify for their free bet prize. Many examples are usually stake five bets of £5 to receive a £5 free bet. If you are a common user of a particular bookie, these schemes can be very beneficial to opt into. Essentially for placing your regular bets throughout the week or at the weekend, they’ll reward you with a free bet to use.
Understanding which bookmaker best suits you is critically important when picking which bookmaker to use and which free bet/sign up offer you are interested in redeeming. A lot of people will be drawn in with the allure of Enhanced Odds, but if it’s a solid free bet that you are willing to turn over into cash that you are looking for, then don’t worry many bookies will accommodate that sort of offer.
It’s how you intend to use the free bet offer that critically decides what value you will get from a free bet offer. Whether you are looking to turn over a profit with a small free bet offer, by putting it all on a huge accumulator or by turning over a larger matched bonus into a small profit, to guarantee yourself some early profit with a new bookie. You should be able to accommodate your own needs and pick the correct bookmaker, you can find a large list of free bet offers/sign up offers on our ‘Free Bets’ section.
I hope this guide has helped you to understand the differences between popular free bet offers and given you clarity as to which sign up offer you wish to redeem and try turning into a profit.