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How to Use Free Bets at Online Bookmakers Successfully

By: tcads

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It is the start of a new year. Throughout the online bookmaking industry, bookmakers are putting out its best free bet offers for the new calendar year. Keeping in mind that free is free even if it comes with terms and conditions, you want to start now to find the online bookmakers with the best promotions.

How to Secure Free Bets

Since a majority of the free bet offers are tied to welcome bonuses, we will keep our focus on those types of promotions. When you sign up for a new wagering account with a new online bookmaker, you should have an opportunity to take advantage of a welcome bonus. Most welcome bonuses are tied to the customer’s first deposit or first live cash wager.

If you can find an offer that allocates free bets based on the first deposit amount, you can actually start betting without risking your own cash right away. Here is an example of how a typical free bet offer will read.

Based on a minimum deposit of $20, you will be eligible for a free bet matching bonus of 100% of your first deposit, up to a maximum bonus of $200.

As you can see, that seems easy enough to understand and quite enticing. Before you go getting too excited, you should be aware of the fact all bonuses come with terms and conditions that must be fulfilled before the bonus monies and any associated winnings will become eligible to withdraw from your account.

How to Use Free Bets

Once your deposit has been recorded and your free bet bonus has been placed in a special bonus tracking account, you can begin using said funds as dictated by the offer’s terms and conditions. Typically, you will be required to place one single bet for the whole amount or make wagers in minimum increments of around $10. As you place your free bet wager(s), there should be a small box or place to indicate you are betting with your bonus money. Note: you will most likely need to use your bonus bet money with the first 7-30 days.

Should you win any money from your bonus bets, the amount of your winnings, less the stake amount, will be placed in your regular wagering account. While there may be other minor terms and conditions to clear before being able to withdraw your winnings, the rollover requirement will stand as your most important obstacle.

The rollover requirement dictates how many times you have to wager the amount of your winnings in order for that amount to become “your” money. While the rollover requirement may vary between online bookmakers and even promotions, the industry standard currently sits at around 3x. If you win $200 with a 3x rollover requirement, you will need to make sports bets of at least $600 ($200 x 3) before the money is officially yours.

While you are placing bets to fulfill the rollover requirement, most bookmakers also require that you restrict the wagers to markets that have odds of at least +150. In some cases, that same requirement may be used for the bonus bets.

Before you sign up for an account and seek to take advantage of any free bet offers, it is incumbent on you to read and completely understand the all the betting terms and conditions. Failure to do so could lead to you violating said conditions, which in turn, could result in you losing all bonus bet monies and any associated winnings. As long as you abide by the rules and hit a few winners, you will experience the thrill of winning money without having to risk a dollar.

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