Online sportsbooks do not offer traditional no-deposit or welcome bonuses like many digital casinos. Instead, they usually come up with an alternative “risk-free” offer also known as a free bet. Some users call them risk-free bets, as they do not require betting real cash.
How Do Free Bets Work?
Generally, a free bet is the type of casino welcome bonus. It works the following way:
- A new player registers.
- He or she gets a specific amount of free cash to the balance after verifying an account.
- Free money can be used to bet across specific betting markets.
The only difference from traditional no-deposit casino bonuses is that free bet usually requires an initial deposit. In simpler words, we cannot call it 100% free.
The good news is that players can use free cash to explore across different sports with minimum risk of losing much. It is a good chance to define the best-matching option or test your online betting strategy.
Types and Sizes of Free Bets
Bookmakers provide risk-free bets in different forms. They can be offered as site credits, bonus cash, and so on. Players can receive them via promo codes during the registration process or when making a bet on a linked event.
The amount can vary depending on the website’s wagering policy. Generally, the size of a free bet ranges from $100 to $10,000.