3 minutes At betting.bet, we run the rule over the best free bets, profiling bookmakers that can offer value and entertainment in abundance!
Whether you are new to online betting or have been placing predictions for many moons, you will no doubt have heard of free bets. Free bets are essentially a way to bet with the bookmaker's money. But, are they too good to be true?
At betting.bet, we run the rule over the best free bets, profiling bookmakers that can offer value and entertainment in abundance.
When rating free bets, we ALWAYS pay very close attention to the terms and conditions of the offer. This is where you will find all the details regarding claiming, using and withdrawing free bets.
Below, we give you all the reasons why you should check the Ts and Cs of all free bets.
Deposit Requirements
As we all know, there are various types of free bet offers, all unique in their offering. For this reason, comparing options is always advised. This is mainly so that you are aware of whether or not there is a deposit requirement. A deposit requirement is a fee that the bookmaker will require from the bettor for the free bet bonus money to be released. For instance, a "deposit £10 and get £50 in free bets" deal would require the punters to deposit and bet £10 before they will have their free bet bonus issued to them. Such details will all be outlined in the terms and conditions of the offer.
Withdrawal Policy
All free bet terms and conditions will state stipulations around how and when winnings made from free bets can be withdrawn. This include a wagering requirement. This number represents how many times a punter will need to put their free bet at risk before winnings can be withdrawn. This is, in some cases, referred to as a "rollover". If the number is 20, for instance, a bettor will need to bet through the free bet 20 times. Please be aware that in 99% of cases, the free bet itself cannot be withdrawn.
Validity Period
The free bet's validity period is the amount of time the free bet is available to use from the time in which it is issued. Finding these details in the terms and conditions is essential and the last thing you want is the bonus to expire before you've got around to using it. In most cases, a free bet is valid for use for seven days. However, this period can be up to 30 days with some UK betting sites.
Markets Covered
There may well be market restrictions attached to your free bet bonus. This means that the free bet may only be able to be used on certain betting markets, i.e. football. These details will be clearly outlined in the terms and conditions, along with the types of bets you can place. For instance, if you are looking to use your free bet on a football accumulator, be sure to check the terms and conditions first.
Accepted/Restricted Payment Methods
As you will know from our previous blogs, some bookmakers accept PayPal, whereas others may not be Apple Pay betting sites. Well, the same goes for free bets. The Ts and Cs of a free bet will stipulate the payment methods that will and will not be permitted for the deposit requirement, should the offer request one.
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