One of the great benefits of finding a new online bookmaker is
getting access to free bets. With the online bookmaking industry being so
competitive, most online bookmakers are resorting to lucrative
free bet offers to get new customers to come aboard. The information
you are about to read is designed to tell you a little about online betting
with free bets from bookmakers and how it is done.
How You Earn Free Bets
From time to time, certain online bookmakers will offer
existing customers a free bet on a specific event. Putting that aside, a large
number of the best bookmaker free bets online being offered within the industry
are associated with welcome offers. When you sign up for a new account, there
will usually be one of two ways that you can secure a free bet.
Matching First Deposit – If the offer states you will receive
free bet monies based on a certain matching
percentage of your first deposit, you will be getting your free bet
monies without having to take initial risk. Example: If the bookmaker is
offering a matching bonus of 100% in free bets, up to a maximum of $100, you
would want to deposit $100 to get the $100 in free bets.
First Real Cash Bet - In some cases, bookmakers want to make
sure new customers have a vested interest before they receive any free bets.
They achieve this by requiring the bettor to make a wager of a minimum amount
in order to receive a certain percentage of that bet in free bets.
Those Peaky Terms and
Conditions
Before you get too excited about online betting with free bets
from bookmakers, you need to be aware that all bonus offers made by online
bookmakers come with strings attached. They call these strings “Terms and
Conditions.” Be sure to review all current
news related to online gambling as the laws get changed rapidly.
Terms and conditions are the guidelines that determine how free
bets are to be earned, used and what requirements must be met before the free
bet monies and/or any associated winnings become eligible to be withdrawn.
Since we have already discussed how you would go about getting
the best bookmaker free bets online, let’s talk about how free bets are to be
used. First, you have to determine whether you can make multiple bets or are
you restricted to a single wager for the entire amount? Once you know how you have
to place your bets, you have to determine which wagering markets can be used
and if there is an odds requirement. While most bookmakers will allow you to
wager on most any sport, they typically want you to wager on something that
carries odds of at least +150. You might also find out that a limit has been
placed on how much you can win from a single wager. If you carefully place your
bets based on the guidelines and come out a winner, you then have to focus on
how you make those monies eligible to be withdrawn from your wagering account.
The first thing you are going to
encounter is the wagering requirement. This is the number of times you have to
wager your winnings from free bets in order to make the money your own. With
most online bookmakers, the wagering requirement sits somewhere between 3x and
5x. There are promotions that go as low as 1x, so look for those whenever
possible. Once the money is yours, you must abide by the website’s withdraw
terms and conditions. At worst, you might be subjected to a pending period and
required to offer proof of identification before your withdrawal is processed.
