The bookmaking market is quite competitive and new companies as well as old ones will always try to outdo each other in bonuses and betting offer. When faced with all these attractive offers, getting started with free bets can be tricky.
The first and most obvious thing to consider when picking the right free bet offer from betting sites is the value of the bonus. In some instances, the total amount of the bonus is not awarded all together but in small tiered bits.
You will however find that the higher the value of the offer the tougher the requirements of withdrawing the money. This should be the second thing to consider. The conditions are usually in terms of wagering requirements, which are calculated as a multiple of the value of the bonus money received.
This means that for you to withdraw winnings, you will have to wager a value equal to a multiple of the bonus money in real money. As mentioned earlier, some of these requirements and limits can be too hard to meet making the bonus money not worth it after all.
The third important thing to consider when using free bet offers is the time limit. This is the expiry period before which you must claim the bonus or meet the wagering requirements. If you go beyond the time limit, you might end up losing the freebie.
Free Betting Offers & Bonuses From The Best Online Bookies
Some of the free bet offers have underlying conditions that are quite challenging and eventually make the free betting money not worth the hustle. This article will offer a comprehensive guide of how to go about picking the right offers, how to start using the free bets and the kinds of limits and conditions you are likely to face.
There are quite a number of categories of betting offers lined up for both new sign ups and seasoned punters. The following is a summary of the most common types of betting offers that you will come across.
This is the most common type of bonus offered in almost all online bookmakers. As the title hints out, this is an introductory bonus that is targeted specifically at new sign ups. Welcome bonuses can either offer deposit or no deposit free bets.
The deposit bonus will require you to first make an initial deposit before being given the bonus. Ordinarily, there is a minimum limit to the deposit amount. The value of the free bets will be calculated as a percentage of your first deposit amount.
No deposit free bets on the other hand will not require you to make any initial deposits and are usually awarded as a constant amount for simply completing the registration process.
Enhanced Odds and Best Price Guarantees
This is another category that is very common in sports betting. With enhanced odds, the bookmaker offers relatively better odds for selected games and matches.
This means that for example if the odds for a team X winning against Y average at 1.5 across the markets, enhanced odds will offer something like 6.1. Price guarantees are also similar only that they usually common in race sports such as horse and greyhound races.
The most painful bit of sports betting is watching your team lose and your money being lost to the bookmaker. This type of bonus is designed to assuage the pain of losing bets by refunding a portion, usually calculated as a percentage of your wagered money. The refund is usually done in the form of free bets which you can use in another game.
Insured Accumulator Betting
This type of offer is closely related to the betting refund and money back offers. The difference however is that this offer works for accumulator bets, where you have used a single wager to bet on multiple games.
Ordinarily, if one of the games goes against your bet, you lose your entire stake. However with insured accumulator betting, you will instead get a refund of your stake in the form of a free bet.