You’d be hard-pressed to find an online sportsbook that doesn’t provide free bet offers of some sort. The term “free bet” is associated with so many different promotions it can be somewhat confusing, especially for new bettors.
If you’re wondering if free bet offers are worth looking for, the answer is yes. While these intriguing sports betting promotions do come with certain restrictions, they can still be a great way to bolster your bankroll.
This guide provides an overview of the different free bet promos available at online sportsbooks and betting apps. We explain how free bet bonuses work and outline some common rules and regulations you need to know. Plus, we share examples of the best free bet offers we’ve seen.
What Is a Free Bet Offer?
Free bet offers are one of the many ways online sportsbooks compete for your business. Like other bonus offers, these promotions provide a bit of extra cash for you to play with.
Everyone loves free things, and sports bettors are always on the hunt for extra value. Free bet promo offers of some sort are available at nearly every online sportsbook and betting app worth signing up for.
These bonus offers take many different forms, each of which is covered in detail below.
How Do Free Bet Bonuses Work?
You may receive a free bet when your wager loses in a certain way, when depositing to a sportsbook, when you place a certain amount in wagers, or as a bonus for signing up to a site. It all depends on the promotion.
Many free bet offers are accessible without entering a promo code, but you may need to opt-in to the promotion to receive your free bet credits.
Are Free Bets Really Free?
Sports betting promotions can help boost your bankroll and give you a better chance of beating the books. If you want to take full advantage of free bet offers, it’s critical to understand their rules and regulations.
You might be wondering: are free bet offers worth it? Are these promos really free?
The truth is that most free bet promos are not completely free. You’ll typically have to wager some of your own money before you can make any withdrawals.
We recommend you always read the terms and conditions before activating any sportsbook promotion. Here are some common rules and regulations you can expect to see with free bet bonuses:
- Minimum odds requirements (typically -200)
- Time limits for both the qualifying bet(s) and the free bet(s)
- Wagering types are typically restricted to straight bets but may also include parlays
- Bonus funds may be subject to rollover requirements before they can be withdrawn
- Most sportsbook promotions are limited to one per household
- Many free bet bonuses are sign-up bonuses, which are only available to new customers
Knowing how your sportsbook treats payouts on free bets or site credit is essential when considering promotions. In many cases, only the winnings from bonus bets are returned to your account – you won’t get back the free bet stake. Look for sportsbooks that treat bonus bets and site credit like cash, as this results in higher returns on winning bets.
Promotions vary widely and change frequently, so don’t forget to read the fine print!
Best Free Bet Offers
Our reviewers have spent countless hours evaluating the best online sports betting websites, and we check for the latest promotions on a weekly basis.