What is a Free Bet?
Free bets are given out by bookmakers to encourage loyalty and entice a punters’ custom. Punters often receive free bets by qualifying for a special offer. Common promotions include; new customers only, specific race offers and money back offers. These special offers are predominantly a benefit of betting online through mobile, desktop and tablet, as apposed to betting shops.
New Customer Offers
Most bookmakers will advertise an attractive sign-up bonus which offers the customer free bets as a reward for opening a new betting account. Free bets are often credited to the punters account after an initial sum has been deposited or a first bet has been placed. The free bet will often match the stake of the first bet with the bookmaker. Although this is not always the case and depends on the terms and conditions of each free bet.
Existing Customer Offers
Once the punter has signed up to a bookmaker, they are no longer eligible to receive new customer offers again. However, most major bookmakers have special offers running which any and all customers can qualify for. These bets require you to place a minimum or maximum bet stake in order to qualify for the free bets, providing the required outcome occurs. For example; ‘money back as a free bet if your horse finishes 2nd by a head or less’ and ‘Money back special if your horse finishes 2nd to the SP favourite’ are two of the most common offers.
Prestigious race meetings such as Royal Ascot and Cheltenham Festival, are a great excuse to grab a free bet. Bookmakers frequently promote offers during this time, which include free bets certainly worth taking advantage of.