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With so many online bookmakers vying for your business, it can literally pay to have multiple accounts so you can take advantage of the many promotions and bonuses on offer. Every bookmaker has their unique take on new and existing customer offers so next time you fancy a flutter considering browsing around to maximize your winnings from the word go.
Not only do the offers and promotions vary from bookmaker to bookmaker, but the way you access these offers and the format of the offers also varies depending on who you choose to bet with. With a little football betting know-how you can turn your punts into profit and taking advantage of free bets is one of the most common approaches.
What is a Free Bet?
If you’re new to the online betting community you may surprised to discover that you can place a bet without making a cash deposit. Granted, some Free Bet promotions do require you to make a deposit, or place a corresponding bet in order to secure the offer, but in most instances they are ‘cost free’, and, used wisely, they can help you earn a significant amount of cash. Just make sure you read the terms and conditions of the offer before you claim it so you’re aware of any restrictions because some bookies will add a maximum pay out limit that could dent your potential earnings.
Types of Free Bets
Owing to the rise in popularity of free bets, many of the best UK bookmakers have strived to differentiate their promotional offerings in an attempt to stand out from the crowd. Though the term Free Bet sounds pretty straightforward, there are many variations of this traditional online promotion that are now being pushed out.
Here’s a list of the most common types:
Free Matched Bet
Popularised by William Hill, who are currently offering a free doubled matched bet, this type of offer means that your account will be credited to the value of your initial stake. For example, if you place a £20 bet in a qualifying market like ‘First Goalscorer’, your account will be credited with an additional £20. Sometimes, the amount you stake will only be matched to a certain percentage; but look for the bookies that make bold offers to match 100% of your stake so you’ve got more credit to wager.
Free Matched Deposit
Matched deposits differ slightly from matched bets because only your initial deposit is matched as opposed to a single bet. Make sure you read the offer terms because experience tells us there is usually a minimum and a maximum deposit amount that the bookies are willing to match, typically between £10 and £200 depending on bookie. If you’re a new customer, this deal can be more lucrative than a no-deposit free bet and it gives you more freedom to choose what to do with the money you deposit and alongside your free-to-stake cash.
Free Bet No Deposit
This is probably the rarest of all promotions as bookmakers normally prefer you to make a deposit before you’re entitled to a free bet but it’s worth looking out for them, particularly if you’re more of a cautious punter. Often deployed by bookmakers at the start of a new football season, or major international tournament, standard Free Bet no Deposit offers normally take the guise of something along the lines of ‘£5 free, no deposit required!’.
In order to qualify for this type of free bet all you have to do typically is sign up and make an account with the bookie that is running the promotion. In some instances you are prompted to enter your payment details to qualify for the Free Bet but this is for pay out purposes more so than depositing, a free bet is a free bet.
If you visit Accumulator Tips regularly you can keep up to date with all the latest promotions and offers from the UK’s best bookmakers.
How to Claim Free Bets
Before you claim any promotions it’s extremely important important to read the terms and conditions so you don’t encounter any unwanted surprises down the line. As a general rule, in the online betting community it’s accepted that Free Bets can only be used once, unless otherwise indicated by the bookie, and you have to complete a certain action; i.e. depositing money, placing a bet or registering for a new account.
Free Bets are a great incentive and have boosted the number of active punters in recent years but check the small print, and if you don’t want e-mails and text messages with various promotions included then make sure you opt out.
Remember that nearly all bookies offer some sort of free bet so if you’ve already used one there’s no stopping you signing up with another bookmaker and taking advantage of another offer. Used wisely, free bets can help you win a lot of money but always bet responsibly.