October 1, 2019

Free Bets Bonuses: What’s The Catch?

Free Bets Bonuses: What’s The Catch?

Many online bookmakers offer free bets to clients that open new accounts with them. You can think of a free bet as a great way to place a bet without risk, and claim the winnings on the bet if it wins.

The difference between a free bet and a regular bet is that you don’t provide the wage yourself, so the wage won’t be refunded to you along with your winnings.

Bookmakers use these tactics to encourage bettors to sign up for their services and make a deposit in their account. In giving you something free, bookmakers expect that you will still bet with them in the future.

Is There A Catch?

Normally there is something of a catch, in spite of a fact that you can still use free bets to your benefit. Some bookmakers make it pretty easy to claim free bets and may not even demand deposit funds first. Some may require that you use free bet funds to place extra bets before they pay out any winnings.

To qualify for free bet, you need to:

  • Sign up for an account with the bookmaker, provide your personal information to verify
  • Register in the right payment method and make a deposit into your account
  • Use your funds to place a bet on a fun game, the amount of this bet will determine how much money you are given for a free bet. 

In some instances, you may not be allowed to place your bet on odds under evens. This is to prevent bettors from supporting near-certain winners. Before trying to cash in a free bet, make sure to check the terms and conditions placed with the offer.

How To Use Free Bets

There are various ways you can make free bets act to your benefit. Here are some options:

  • Turn the free bet into money – If you really want to turn a free bet into cash, you can use a tactic called “matched betting”. This involves placing a free bet on a particular outcome with a bookmaker and using a betting exchange to bet that the same outcome won’t happen. Because you place a bet for free, you are assured a profit no matter which outcome will be.
  • Hedge a bet – You can use a free bet on the outcome as a hedge. For example, you may wish to bet on one team winning a sports event and then use a free bet to back the other team. This easy tactic can increase your chances of winning without costing you extra.
  • Double your bankroll – This is the easiest use of free bet. If you have a bet in mind already, it makes sense to place it with a bookmaker who will offer you a free bet. Doing this will definitely double your bankroll.

Playthrough requirements

A playthrough means that you have to place a certain amount of additional bets before they pay out your winnings on a free bets.

If a playthrough requirement applies, the easiest way to learn the usefulness of a free bet is to multiply the free bet by the number of times you need to roll over using your own funds.

If you see a surprisingly generous free bet, you should check first their playthrough requirements before accepting the offer.

Each online casino has different methods to claim your free bets, it actually depends on your chosen bookmaker. You just have to figure out which bookmaker has great bonuses and promotions.

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