Best Free Bets 2023/2024

It might be difficult to find online betting sites that are not offering free bets of some kind. At the same time, a free bet can pertain to many other promotions, so it can sometimes be confusing, especially if the bettor is a newbie. Free bets are an important promotion to look for in online betting sites. Of course, these promotions come with terms and conditions, but grabbing them is a great way to boost any bettor's wallet.

Here are some free bets tips and facts bettors need to keep in mind when signing up with an online betting site or if they need to compare free bets between betting sites.

Best Free Bets 2023/2024
What are free betsFree bets wagering requirementsTurn free bets into real moneyFree bets strategy at betting sitesResponsible gambling
Lukas Müller
Topic ExpertLukas MüllerExpert
Fact checked byIliana PetkovaFact Checker
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What are free bets

What are free bets

Free bets are very intriguing. Some newbie bettors may even be skeptical. But how do free bets work? Betting sites use free bets to pull bettors in to sign up for their websites and make a deposit in their accounts. Bookmakers hope that players will not only bet with their services but keep them betting for the long run by providing bettors with an up-front perk.

Free bets are a simple bonus. Bettors usually acquire a certain amount to bet when the conditions to claim the free bet are met. However, this bonus almost always is not redeemable as cash. There are other types of betting bonuses bookmakers offer. Don't forget to check them out for having the best betting experience.

For example, if the free bet is worth $5 and a bettor loses it, that dollar amount is immediately gone. If bettors wager the $5 free bet and win $5, they only get to keep the $5 they won as a withdrawable amount.

What are free bets
Free bets wagering requirements

Free bets wagering requirements

Suppose bettors see a website that provides online betting with free bets. In that case, there are usually conditions and requirements that need to be met in order to be eligible to claim it.

However, since the goal of free bets is to attract new bettors and keep long-term punters playing, betting sites usually make it quite easy to claim free bets. Here are some ways that betting sites with free bets let players claim it.

Bettors may need to create an account with the online sports betting site. Some sportsbook websites may require bettors to undergo and complete the KYC (Know-Your-Customer) process, where players will need to provide documents that verify their personal information.

Register a valid payment method and complete the first deposit into a bettor's account.

Some betting sites may require players to place their first bet. The value of this first bet can decide the amount of the free bet that the betting site will give out.

Some online betting sites with free bets may prohibit bettors from using their free bets to wager on odds under evens to stop punters from backing what looks like sure winners.

A number of major sports betting sites also have free betting offers that existing users can get. These free bets require bettors to bet a certain amount or for a certain outcome to push through for them to receive the free bet.

Free bets wagering requirements
Turn free bets into real money

Turn free bets into real money

Turning the best free bets online is quite easy. Once that the free bet is claimed, punters can simply place a wager like they usually would. However, before using a free bet, bettors must read the fine print thoroughly, keeping an eye out for things like geographical restrictions and playthrough requirements.

Geographical restrictions

Knowing if the geographical location qualifies a bettor to use the free bet is quite easy. Online betting sites will usually list the country or countries where the free bet can be redeemed in the terms and conditions of the said free bet.

If there are no listed geographical restrictions, it's safe to assume that the free bet applies internationally.

Playthrough requirements

Playthrough requirements, on the other hand, tend to be more complicated. Playthrough requirements usually mean that bettors need to place a specific number or value of bets before they can cash out with winnings on the free bet.

The easiest way to figure out the value of a free bet with playthrough requirements is to multiply the free bet by the number of required turn-overs or bet its total value through the bettor's own funds.

Suppose the betting site offers a free bet valued at $100. If the playthrough requirement is to turn it over three times, bettors then need to bet $300 before any winnings made on the free bet can be paid out. However, it's important to keep in mind that different sport bookie sites may have different playthrough requirements.

Turn free bets into real money
Free bets strategy at betting sites

Free bets strategy at betting sites

Bettors can maximize the best free bets by doubling bankrolls, hedging bets, or matching bets. These methods are some of the ways to make sure that punters make the most bank from free bets.

Doubling bankrolls is the easiest way to use free bets. All bettors need to do is to place it in the bookmaker that gave them the free bet.

Punters can use free bets by hedging their bets. This method involves placing the free bet on a wager that directly competes with a bet they made with their own money. Hedging bets with a free bet ensure that punters can maximize the chances of winning without any downside.

Matched betting, on the other hand, turns free bets into cash. To do this, bettors need to place a free bet on a specific result (e.g., Team 1 winning) and then using a betting exchange to wager the opposite result (e.g., Team 1 not winning). Through this, the value of the free bet is maximized regardless of the outcome.

Free bets strategy at betting sites
Responsible gambling

Responsible gambling

While gambling is fun, keep in mind that it's paid entertainment. We do not recommend that players bank on gambling as their whole livelihood.

It's important to set a budget limit and a time limit. At the heat of the moment, bettors may not realize that they're burning through savings or forgetting the other important things in life, like family or careers.

Setting a limit can also prevent bettors from chasing losses into a cliff. Do not bet with money that they don't own or have. If players can't afford to gamble, then they should not gamble. Doing so can lead to debt and other problems in a player's financial and personal life.

Another important thing to practice responsible gambling is never to fall victim to the gambler's fallacy. Betting on sports is a game of luck and chance, and no superstition will change how a game works. Each result is not dependent on each other, and a bettor's personal luck does not always mean luck in betting.

Gambling under the influence of alcohol is a bad idea, as it can impair a bettor's decision-making skills. Alcohol-driven betting can lead to bad bets, chasing losses, or spending beyond the budget and time limit one may set for themselves.

Responsible gambling
About the author
Lukas Müller
Lukas Müller

Lukas Müller, the "Betting Baron" of BettingRanker, hails from Germany and is renowned for his unparalleled insights into the online betting realm. With an analytical mind and a pulse on the industry's trends, he's a touchstone for bettors across Europe.

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