Free Bets Guide » Types Of Free Bets Explained & Risk-Free Bet Offers

Online gambling platforms offer free bets among other specials for new customers. Free bets are typically given to new account holders to get them rolling. They come in the form of a deposit bonus and, in other cases, a no-deposit free bet offer. The offer is typically activated when a customer opens a new account. Players can take advantage of free bets to grow their bankroll and make decent profits. Learn about all types of free bets in this guide.

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What Are Free Bets

Free bets are incentives given to new players when joining a gambling platform. New account holders are entitled to a free bet that comes in different forms. Players in Nigeria can take advantage of the sign-up bonus to place bets on their favourite sports. You make your withdrawals after fulfilling the play-through requirements of your welcome reward.

Why Sportsbooks Offer No Deposit Bonus

The no deposit bonus is one of the promotions that bookmaker offers at a small cost. There is no better incentive than free money. No matter how much of it you have made, free money is always alluring. Bookies know this and give players the chance to try out their football predictions for real money at no risk. The incentive has become a standard for the online bookie, with virtually every betting site on the internet offering one form of reward or another.

Advantages & Disadvantages

Pros

  • The golden grail of hitting the jackpot without spending a penny
  • Gives players time to get a feel of the platform
  • Players have the chance to try out new sports using the sign-up promotions

Cons

Sign-up promotions come with play-through requirements players have to fulfil before they can withdraw their account balance
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Types of Free Bets

Online sportsbooks give players a gamut of free-bet options. Here are some of the most popular types of free bets.

Deposit-based

Bookmakers give players free bets based on the number of real money bets you place. For instance, bookies may reward players with 30 free bets for every ten real money bets they place. Others give offers where you place a set number of bets in a given number of days, say 100 bets in 30 days.

Risk-Free

When betting platforms offer risk-free bets, what they mean by it is, you don’t have to lose any money placing the bet. The platform provides you with a bonus reward that you use to play for real money without using your funds. If, for instance, a site provides ₦500 in free bets, then you can place bets worth this amount without actually spending your money to play the bets.

No Deposit

The no-deposit bonus is one of the top incentives that attract gamblers into signing up for sites. You get several free bets even before you make your initial deposit. This means that you start playing as soon as you open your account. For the savvy bettor, such an offer may be all the chance they need to work their way to high-roller status.
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Free Bets Terms & Conditions

Risk-free bets often have a set of terms and conditions attached that players have to fulfil before accessing their bankroll.

Time Limit

Most bonuses are valid for a set period, after which a player forfeits his rewards, having not fulfilled the play-through requirements. A welcome bonus, for instance, may have a validity of three months after account activation. It is then up to the customer to play the bonus within this period to withdraw the amount.

Turnover

Turnover is the amount of money that you have to play with in order to meet the wagering requirements. In some cases, you must wager only the bonus amount, while in others, the deposit amount as well. This is why you should read the T&Cs really carefully. 

Odds Restrictions

Odds restrictions have to do with the number of odds the bookmaker allows for a valid bet. Most bookmakers have a set amount of odds that players must fulfil for a bet to count for the promotion. Sportsbooks typically set the odds at 1.8 or 2. Any bet you place has to satisfy the requirements to count as part of the play-through requirements.

Maximum Winnings

Sportsbooks often cap the number of winnings you can make for a single bonus program. While gamblers have the chance to make big winnings betting for their favourite teams, gambling platforms will often put a limit on the winnings in one way or another. For instance, maximum winnings may be capped using the number of odds you can place bets on. It could also be done by regulating the amount of stake allowed per bet.

Sports or Market Restriction

You have various sports disciplines and markets to bet on when placing bets on any sporting event. Markets are the sections where you find odds for the different outcomes you can bet on, such as the number of goals scored. Risk-free bets may have limits on the prediction markets that players can bet on. For instance, bettors may be restricted from betting on anything but the final match outcome. In such a case, your betting provider restricts your betting options to win-draw-win for a particular event.

Risk-free Betting to Increase Your Winnings

You can only get the best from your rewards once you learn about the terms and conditions tied to it. Bettors are often sucked into promotions with too many regulations and too little chance of actually making any winnings. As such, it is encouraged that you do your due diligence before signing up for bonus rewards to find the top promotions.
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How To Pick The Best Free Bets Promotion

With an increase in the number of betting platforms with all types of convoluted terms and conditions for bonuses, it can be hard to choose between them. Check the play-through requirements for your choice of promotion and see whether they are achievable. These are often found in the promotions section.

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