A great way to attract new customers to an online sports betting site is with free bets. This type of offer is very exciting for any punter because it gives you the chance to place a bet on a sportsbook, but not risk your own money if you lose.
In this guide, we’ll take a close look at what free bets are and where to find them. We’ll also assess the different types of free bets found online and help you understand how they work. In addition, we want to give a good overview of the terms and conditions of this offer. Since it’s so attractive, you must be aware of the most common requirements for placing bets and withdrawing the winnings.
What is a free bet?
When you’re lucky enough to get a free bet, it means that you have the chance to place a wager without using your own funds. Under normal circumstances, you need to add money into your sportsbook account and use that cash to place bets. With a free bet, the sportsbook is basically giving your free money to use to place a bet. If you lose the bet, you don’t lose your own money. But if you win the bet, the winnings are credited into your account.
This generally sounds very ideal, but this type of offer comes with some terms and conditions. Each online sportsbook in the US will have its own rules around how the free bet works on its platform. These rules could be anything from which sports you can use the bonus bet on, to under what circumstances you can withdraw winnings from a free bet.
But, why would a US betting site offer free bets in the first place? Well, one of the most exciting ways online sports betting sites compete with each other is through bonus offers such as free bets. These offers are designed to attract people to their online platforms, make a deposit and place a bet. With regular offers, they hope that the customers will keep coming back. It can be considered an acquisition and retention form of marketing.
How to claim a free bet
Claiming a free bet is not hard if you know where to look. Not all sportsbooks offer these, so the hard part is figuring out which ones have them on offer. You might need a promo code to access one, or you might need to sign up with them for the first time. Either way, we’ll give you a step-by-step guide on the most common way to get the best free bets:
Different kinds of free bets available in the US
Though the name of the bonus speaks for itself, there are actually a number of different types of free bets. Each sportsbook will explain to you what type of free bet they are offering based on their terms and conditions. We’ll take a close look at each of them below.
Common terms and conditions when betting for free
As mentioned before, each sportsbook will have its own terms and conditions for getting a free bet and what you can do to withdraw winnings from it. You must know what they are so that you meet them in order to enjoy the benefits of betting for free. Make sure you understand the following before you claim your free bet bonus: