Free bets are welcome bonuses that allow new customers to try out a sportsbook and its services for themselves. These bonuses typically have specific criteria attached, such as minimum odds or bet type requirements that must be fulfilled in order to withdraw the bonus money immediately.
Checking whether a site offers competitive odds on markets you regularly bet on is key, and using an online shopping tool is an efficient way to do just this.
No deposit free bets
Sportsbooks may offer no deposit free bet bonuses as an enticement to new customers, usually with time restrictions and wagering requirements attached. Any winnings from your free sports bet may be deducted from your total bet amount and these promotions usually apply to specific sports or markets.
Free bets can be an excellent way to build up your bankroll or test out a new betting strategy. While not as prevalent as welcome bonuses, free bets do exist – and most often only last a few days at most before expiring. Your sportsbook may also set a maximum stake limit or require odds greater than certain thresholds for this bet to qualify for one.
Refer-a-friend bonuses
Refer-a-friend bonuses are an effective way of rewarding new and loyal customers for their service and dedication, typically provided as site credit that they can use to place bets. While these bonuses typically have restrictions such as timeframe or wagering requirements, they can prove quite lucrative if adhered to accurately.
To qualify, your friend must click on your unique link or enter a referral code when registering with a betting site, deposit and wager a certain amount (this varies by sportsbook), then withdraw their rewards (cash rewards are generally easier to withdraw); others offer free bets or site credit; all this often combined with welcome offers for new customers.
Bets credits back if you don’t win
When accepting free money from a sportsbook, it’s essential that you understand its terms. Promotions often come with wagering requirements and expiration dates that must be adhered to before withdrawing funds from them. Other sportsbooks provide bonus credit instead of cash that must first be wagered prior to withdrawing it.
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