What is a Free Bet?
Online betting sites offer a different set of incentives called betting promotions to both new and existing players. Unlike other types of sports bonuses that you can find with most top bookmakers, a free bet is – or should be in theory – exactly what it reads. It’s a bet you get to place for free in hopes of winning actual money. However, betting sites tend to be a bit stingy when it comes to giving anything for free. After all, not many people like to give away stuff for free? Therefore, free bets often come packing a long list of terms and conditions which vary with every bookmaker.
The requirements are usually associated with wagering details. If your free bet goes through and you end up winning, the amount on your bank account cannot be withdrawn that easily. You will most likely be required to play it through. Bookmakers would, of course, like for you to further invest your winnings and keep playing, instead of putting it in your pockets. Moreover, free bets normally come with betting odds requirements. For instance, you may place a free bet on an outcome with odds equal or higher than 4/5.
Different Types of Free Bets
Free bets can be easily confused with other types of betting offers. To be completely honest, the line between all types of sports betting bonuses did get quite blurred in recent times. The main reason for this is the fact that online betting websites are constantly reinventing the offers to remain ahead of the competitions. Certain types of promotions and deals are overlapping and it’s not easy to see the difference between them.
BetInfo.co.uk has already covered the most popular bookmaker bonuses so make sure to read on and learnt how to tell apart different types of free bets. In their core, free bets should not involve any money on your side of the table. However, this is not necessarily the case. The bookies will, however, offer different deals to make sure your initial deposits are matched, returned or protected in other ways.
Stake Returned & Stake Not Returned Free Bets
Even though these types of free bets are getting extremely rare, they are a great way to kick off your betting career. A stake returned bet will mean that you get reimbursed for your bet. The bookie will also pay out any winnings. Betting websites are not as generous as they once were and would rather offer stake not returned (SNR) bets where players will be paid any winnings they are owed but without the free bet value.
This particular type of free bet is usually offered to existing customers. A bookmaker will re-credit your money in case your bet loses. This is a great way betting websites retain their customers as they are often interpreted as a great sign of goodwill and trust between two sides.
Often given to new customers, bet bundles are free bets which increase proportionally to the value of bets you place. For instance, punters who have accumulated a bundle worth £200 in bets will get an extra £50 when they first wager the aforementioned amount. Further on, the bookmaker will throw in another £50 once you make another £200 bundle.
No Lose Bets
Not to be confused with bet refunds, no lose bets are another great way to have a pop at a bet free of charge. Usually awarded to new players, no lose bets are often called risk-free bets. These apply to initial bets players lose where a bookmaker will give at least a proportion of the money back as a free bet.
Free Bets vs Signup Bonuses – What is a Difference?
The main difference between the two types of betting bonuses is the financial aspect. Knowing that free bets are not actually free and that they often involve funds to be placed into your betting account, the lines are disappearing and players – especially in the United Kingdom – are slowly setting their focus firmly on signup bonuses. The top betting websites will match your deposit to a certain amount with bonus money. This bonus can further on be used for new bets, thus increasing your chances of hitting the right bet.
How to Find the Best Free Bets?
Gone are the days where players would wander the back alleys of the Internet looking for best free bets available. Nowadays, you would simply head over to BetInfo.co.uk to find the freshest free bets, special bonus codes and best offers for different sports – including ever-popular Grand National betting and Cheltenham betting deals.
Free bets are as easy to find as they are to claim. Bet Info will guide you through the process and point you in the direction of only the best bookmakers available, where you will get the best possible value. Simply sign up and use a promo code where needed. Bet Info will make sure to share all high-value betting offers along with the codes for your convenience. Once in, don’t forget to read through the terms and conditions on the bonus as that’s the only way for you to take full advantage of the betting deal in front of you.