Free bets are a great way to maximize your bankroll and to sample an online sportsbook before you choose to set up roots. With that in mind, this guide to betting applies to soccer betting and other types of betting, and it helps you to consider what makes a good offer and how you can get the most out of them.
Free Offer Eligibility
The free sports betting offers you’ll concern yourself with are open to Australians, but there may be eligibility requirements beyond that. For example, some bets are only available to new members. If you’re an established member, you can’t participate, and if you try to circumvent the system, you can actually lose your account or suffer other penalties.
Sportsbooks and racebooks extend signup bonuses as a means of enticing you to join their communities and sample their sites. These bonuses are sometimes called no-deposit bonuses, and they often come in the form of free bets. These bets are very common in the world of football betting. Note that there’s usually a requirement if you win so that you just can’t walk away with the winnings.
Deposit and Welcome Bonuses
Another type of free bet is the deposit bonus. These bonuses serve as a reward for making a commitment to a book. Welcome bonuses are usually awarded on the first or first few deposits. Reload bonuses are bonuses that you can earn each and every time you make a deposit. This type of bonus is more common to online casinos than online books, but it’s worth mentioning in this free bet guide because these kinds of promotions are becoming increasingly common.
Cash-back offers are very prevalent and therefore a focus of this free bet guide. Books may run these for a promotional weekend or for a special event, such as the World Cup or Super Bowl. Other times they’ll run them on a per-account basis: reach a certain betting milestone in order to be eligible for cash back. Since these promotions involve actual cash back, they’re usually conditional on losing. Some offers will refund your losses on a particular bet or refund x percent of your net losses over a particular period.
Money Back in the Form of Bonuses
Most money-back opportunities come in the form of bonus bets. These are safer for the books and let them reward their clients without a lot or risk. In the case of bonuses, the cash back is often provided win or lose, but rather than return the stake, the book gives you a new bet. There are usually stipulations, such as similarities between the original bet and the new bet. Some books will require free sport bets to be placed in whole, while others will allow you to spread them out over a number of smaller bets.
Loyalty programs and VIP clubs are concepts from the world of online casinos that have made their way over into the world of paid and free online sports betting, particularly in regard to football betting. The basic idea here is that the book tracks your bets with them and then rewards you based on that action. Rewards often come in the form of free sports bets, and they’re usually doled at as certain milestones are met.
General Advice on Betting Promotions
Keep in mind that the books always have an advantage over the punter, and if you take just one bit of advice away from this free online betting guide, it should be that free bets are one opportunity you have to close that gap. Think of these free sports bets as the books giving you margins. Why would they give you margins? Well, the books are competing against one another for your business. They give margins as an investment in the hopes of earning your future business.
It’s worth noting that many online sportsbooks actually attempt to track people who only take advantage of promotions. For this reason, it’s worthwhile to place standard bets at the books you like at least every once in a while. Otherwise, you’ll eventually be flagged and then no longer able to take advantage of these opportunities. It’s all about striking a balance and finding those opportunities that let you do more with your bankroll. There’s no need to bet outside your comfort zone just because it’s free.
Assessing Free Offers
What makes a good free offer? The first question you should ask yourself is whether or not you would make a bet like this otherwise. If the answer is no, then this probably isn’t a good offer for you because you’re doing something with your bankroll you wouldn’t otherwise do. If the answer is yes, then the offer is great because its stretching your betting dollar further.
Are Multiple Accounts a Good or Bad Thing?
In the estimation of this free online betting guide, multiple accounts aren’t necessarily a good thing or a bad thing. On one hand, getting the most out of a sportsbooks particular promotional calendar and VIP program often requires investing a great deal of your betting energies there. On the other hand, getting the most out of all the free online sports betting opportunities requires you to dabble here and there.
It isn’t a matter of either or but rather the means you choose to get to your particular goals. It’s worth noting that many online gamblers choose to hop around. The reason for that is that odds, for soccer betting for instance, tend to fluctuate greatly from one book to the next. Free sports bets aside, if you’re going to make the bets you want to make, then you’re often going to have to place those bets at different sites around the Web.