How does free sports betting work?

How does free sports betting work?

Free sports betting opportunities are the single most appealing incentives that bookmakers use to attract new bettors. These opportunities are in the form of free bets and almost every bookmaker has them. For example, you can find a free £20 bet at Sky Bet and use it to get free money that you can further convert into more money.

But, some free bets can come at a cost, which is why it’s very important to choose carefully. Every free sports betting opportunity comes with a set of terms and conditions. If you read through them, carefully you can find the catch, if there is any. Some free bet offers are plain and fair, so it doesn’t mean that there is always a catch.

The majority of free sports betting offers consist of a 20 or 25 free bets for new bettors. A new bettor is a person that is opening his first-time account at the bookmaker’s website. But, the offer can usually be activated on your first ever deposit and bet made with your own money if the bet was made with at least one selection with odds at least 2.00. If you fulfill the conditions you may score the 20 or 25 free bet offer, which means $20 or $25 on the house.

The Drawbacks

Let’s see the key points that can be considering as drawbacks:

  • A usual free bet requires your own investment to match the bookmaker’s offer
  • A bookmaker may steer you into losing the free bet requiring to place a bet on less profitable markets
  • A withdrawal may be possible after making more bets

These conditions are not necessarily present with every bookmaker. That is why you need to do your research before you jump in the fire. The most common drawback is not being able to withdraw your winnings generated from a free sports betting opportunity because you haven’t staked the initial bet properly as per the terms and conditions. Some bookmaker’s go as far as indirectly forcing you to make further wagering action of at least $100 before you can withdraw your winnings.

Bigger Offers = More Conditions

Sometimes the size of the offer can indicate more complicated conditions. Some bookmakers will promise you up to $250 in free money if you make a bet of $50, and then make another four ones of the same amount during which each of them will be matched 100%. So, for each $50 bet you will get $50 bonus.

That’s a lot of money, right. The problems with the big free bet offers are when it comes to fulfilling the rollover requirement. Usually you have to wager the deposit and the free bet money 3 times, which can mean wagering action in value of $1,500 (3 x $500 = $1,500). If you don’t, you won’t be able to withdraw your money.

In global, these offers are usually fair. However, there is always an off-chance of striking a free sports
betting offer that may prove more as a problem than an advantage. So, thread carefully.

This site is a sports website and does contain occasional features about gambling. If you require help and advice on gambling we recommend these links: Information on protecting young people | Addiction help from gambleaware.co.uk

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