Types of Free Bets Online
With competition so fierce between online bookmakers and every sports book trying their best to get some leverage and capture your attention, free bets have become a very effective marketing ploy. The number of free bets and bonus options online is simply astounding and as a bettor it’s really easy to opt for a site that offers great rewards that suit your style of wagering.
Free bets are the most common online betting offers and these bonuses are awarded to players for a number of different reasons. Initially used as an incentive or a draw card to get punters to sign up, free bets can also be used to say thank you for your loyalty, ongoing deposits or to promote a certain match or game that’s taking place. There are several different types of free bets up for grabs online and as thy offer you something for nothing they are a great way to kick-start or enhance your online betting experience.
Bet Match Free Bets
A bet match free bet is awarded to a punter that has made a deposit and placed their first bet. A bet match offer will see you receive either a percentage of the amount you bet or the full amount in credit, and if you are really lucky you may claim 200% or more of your initial bet amount.
Deposit Match Bet
A typical deposit bet match will sound something like this “Make a deposit of CAD10 or more and get it matched”. This type of free bet offer will have a cut off limit to ensure that a sportsbook doesn’t have to pay out $1000’s, but it can be very rewarding as it can double your wagering potential off the mark. The difference between a bet match and deposit match bonus is that you’ll receive your reward as soon as you’ve made a deposit, not after you’ve placed the actual bet, so you’ll have an increased bankroll with which to wager from the start of your Geelong Cup betting.
No Deposit Free Bet
No deposit free bets are a great incentive for punters to sign up with a site, and are basically the sportsbook equivalent of a casinos no deposit bonus. These free bets reward punters with real money even if they don’t make a deposit and can be used within the parameters as set out by the sportsbook. You can claim winnings earned from a no deposit free bet but the terms and conditions that surround them are quite strict in order to protect the bookmaker abuse.
With many of the bet match free bets you won’t get to keep the free bet stake as a part of your winnings. You’ll only receive the profit of your bet and not the initial wager amount. However if you opt for a keep stake free bet you’ll get to keep the wagered amount too, as well as the profit.
It’s vital that you take note of the terms and conditions attached to online betting offers and to make sure that when you claim a free bet or bonus that you understand what it entails. Withdraw turnovers refer to the amount of time you need to have played through the free bet amount before you are eligible for cashing out and time limits are also commonly enforced to ensure that the free bet is used within a reasonable period. By staying aware of the terms and conditions you can benefit wholly from a bonus and there won’t be any nasty surprises when the time comes to try cash out.