Those that run sports books in the United Kingdom are in a cutthroat race for market share, and they’re willing to spend big bucks to get it.
This is great news for the betting public in general and for punters in areas where there are multiple online sports books to select from in particular, as players will be able to trade their loyalty for a wide range of promos with a positive expected value.
How long do you think this wonderful luck will last?
Providing an answer is difficult. In the meantime, though, reputable online sports books offer free sports bets and risk-free betting bonuses to gamblers whose caution is on the verge of recklessness. To what extent are they dissimilar, and how can you make the most of both? Please read on for detailed explanations of these and other frequently asked topics.
For the most part, American online sports books offer one of three types of risk-free wagers:
You can win as much as you bet: This type of free wager is by far the most common one out there. The player must first make a wager using his or her own funds before receiving a free bet from the sports book, up to the maximum allowed by the promotion.
Free wagers equal to the size of the first one’s deposit: The size of the free bet is based not on the size of the player’s first wager but on the size of the player’s initial deposit, again up to a certain limit.
Some sports books give new customers a bonus in the form of free bets that don’t need them to make a deposit first. You don’t have to place a wager to win them, which increases their allure. The final step is to register.
Free bets often have a far higher maximum payout than “deposit match” or “no deposit” free bets. Online sports betting markets have seen stakes as high as $500 to $1,000 in recent years.
Explain in detail the concept of a “Risk-Free Bet.”
With every other respect, risk-free bets are identical to free bets; the only difference is that there is no stake involved in the latter. For one of these, you must first incur a loss at the sports book.
If the wager fails, the bettor receives a free bet equal to the size of the initial wager, just as if they had accepted a free bet offer.
You Should Know the Following Terms and Conditions
We’ve covered the basics of free bets and no-risk wagers so far, but keep in mind that each betting site’s terms and conditions may be slightly different.
This means it’s crucial to read the fine print of any betting offers you’re considering accepting. No one has an excuse to be careless with money.
Here are a few things to keep an eye out for:
Usually, free wagers are only available for a certain time before they expire and become void. It might be as high as thirty. Allowing sports betting bonuses to expire is almost as bad as actually gambling with the money.
Partial or full site credits for free betting
Sometimes, a consumer will receive a risk-free bet back in the form of site credit at an online bookmaker. It’s important because users can convert their platform credits into actual currency. If you win a bet using site credit, you may get your initial bet back plus any winnings you’ve accrued. That is very significant.
The barest of possibilities
Free bets at several U.S.-facing online sports books come with stipulations, the most common of which is a minimum odds requirement. Free bets that need “minimum odds of -200” cannot be used on games where the favourite is expected to win by a large margin. When you get to the planning stages, you’ll realise that that isn’t a problem at all.
Making partial wagers
The magnitude of the free wager is typically correlated with the size of the player’s opening wager. However, more liberal online sports books will typically consider the total amount of real-money wagers a player makes in their first few days on the site before choosing how much of a percentage of free bets the player would receive.
No-risk offers vs. free wagers: which is the better deal?
Free bets are consistently rated as the top promotional offering at online bookmakers.
In contrast to the risk-free wager, which may only be activated if the player is already in the red, free bet offers happen to be triggered regardless of the outcome of the player’s real-money wagers. In the case of free bets, the player receives the bonus money regardless of the final score of the wagers made with real money.
The good news is that the player has options in terms of the two potential promotions.
To what end do bookmakers offer free bets to their customers?
Is it goodwill to give customers a free wager? Is this how the bookmaker shows appreciation for those who bet with them? Don’t even think about it. Free bets, bonus offers, and other forms of promotion serve no other function than to attract new customers by providing them with a low-risk incentive to try out a business.
When doing what exactly do I earn these free wagers?
The most common and well-known form of free wager is the “no risk” free bet. However, the bettor always takes some sort of risk when accepting this seemingly contradictory offer. If you want to open an account with the company, you need to be a brand-new customer with no prior account history and you can’t share your address with someone who already has an account.
Making the Most of Your Safe Bets
Most strategies for taking advantage of free-bet offers are also applicable to promotions that feature risk-free bets:
- Make a single wager that is larger than or equal to the most money the sports book will pay out.
- Put in no more money than you can afford to lose.
You should use your gains from a free bet on a long shot bet that you find interesting. The biggest distinction is how you deal with your first wager with actual cash. It doesn’t make sense to alter your betting strategy while using a free bet because you’ll win regardless of the outcome.
