Simply put, a free bet is when the bookies offer new customers a risk free opportunity to place a free bet when they sign up with the chance of winning real cash. The big difference between a normal bet and a bonus or free bet is that you don’t use your own money, however more often than not the free bet offer is subject to a deposit. Bookmakers offer free bets more often than not only to new customers, however they do sometimes reward loyal and big hitting players with free bets to keep their custom. The bookies may also reward an account with a free bet to regain their custom if a regular player stops using the account. It is worth noting that when betting with a free bet, the winnings usually don’t include the stake with the returns.
An example of a free bet offer would be BetVictor’s bet £5 get £30 offer they give to new UK customers when betting at odds of even or above. However the following T&C’s Apply;
New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 35x to withdraw winnings. Credit/Debit card deposits only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly.