Should You Trust Free Bet Signup Offers?

There's certainly an argument to be made for ignoring free bets. · You shouldn't decide a betting site to use on the strength of the free bets.

Free bets are ones with a specific value that bookies offer to put up the stake. They make these offers to incentivize new customers to open accounts in hopes that they become regular players.

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But is it true that sports gambling sites will give away free money? The short answer is “Yes,” they do. But you have to be smart about accepting such offers. Never forget that bookmakers don’t do anything without a healthy number of strings attached.

Why Offer Free Bets?

The simple answer to why free bets are offered is because they’re a marketing gimmick. Bookies use them to incentivize new customers to open accounts and deposit funds for sports gambling. The objective is to create a positive experience, so you continue wagering on their site in the future.

The caveat to accepting free bets is you must make sure you understand the catch—and there’s almost always one. As seen with Findbettingsites free bet guide, there are many ways in which bookmakers set their terms to suit them, rather than you. You want to use free bets to your advantage and get the upper hand, but it takes a bit of planning.

Geographical Requirements

Some free bets are limited to certain countries or restricted from being issued to other countries. For the former, countries where the free bets can be claimed are listed on the website. For the latter, countries that are excluded will be listed. If no geographical requirements are listed on the betting site, it’s safe to assume that the bets are valid for all players.

Playthrough Restrictions

The more generous the free bet offer, the more difficult it’ll be to claim any winnings. Bookmakers do it this way to give themselves a chance to recoup the freebie they just handed you.

A large free bet will most likely require you to place additional bets that total a specific value before you can withdraw winnings from the free bets you received. Bookmakers know they have a house advantage, and the longer they make you play, the better the odds are that you’ll incur losses that help them recoup their investment.

For example, if you accept a £100 free bet on the condition that you turnover that amount three times before you’re eligible to receive a payout, you’ll have to bet £300 before collecting your free bet winnings. Playthrough requirements are different from site to site, so it’s your responsibility to ensure you underhand all the restrictions before accepting the offer.

Tips on Using Free Bets

You can leverage free bets to your advantage in several ways, for example:
  1. Double Your Deposit. If you already know how you want to bet, the smart thing to do is place the wager with a bookmaker who’ll allow you to claim a free bet, effectively doubling your potential winnings.
  2. Hedging. Again, if you know in advance what kind of bet you want to place, you can hedge your bet by using the free money to bet on another likely outcome. Hedging is an easy way to improve or maybe guarantee your chances for a win at no extra cost or risk to your account.
  3. Matched Bet. If you only want to transfer your free bet option into instant cash, you can make your bet with the bookmaker granting you the free bet, then place the opposite bet with another bookmaker simultaneously. Therefore, no matter which outcome occurs, you’ll be a winner!

In Conclusion

Many bookmakers will have easy qualifications to claim free bets. Some don’t even require an upfront deposit. Others sites may require you to play through the free bet funds with deposited money before you’re allowed to withdraw any winnings. There are numerous restrictions on this benefit, but the following are the most common.

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