Why Free Bets Are Here to Stay
It doesn't matter what markets you like betting on, the free bets that are currently available from most online bookies are definitely here to stay. Why? Well, online bookies in particular need a way of encouraging new customers to join and free bets work really well..
Like most other businesses a free gift or welcome bonus that carries a monetary value is a perfectly legitimate way of attracting new customers. It's no different with online betting.
Bookies Free Bets
Online bookies offer free bets to newly registered punters when they create a new online betting account. It's very similar to the way a bank gives you a Marks & Spencers shopping voucher when you open a new account with them.
Luckily free bets carry a real cash value be it a free football bet or a free bet on an election or the outcome of a TV show. Let's say that you register with an online bookie offering up to £25 in free bets. You can deposit between £5 and £25 and receive a cash match on your deposit.
Therefore, if you've deposited £10 you'll receive the same again to bring your available betting fund up to £20. This £10 from the online bookie is your free bet.
You could've decided to deposit the maximum £25 and claimed a free £25 bet giving you £50 to bet with. This is how the free bet from Bet Victor works when you first register.
Types of Free Bets
There are a few different types of free bets with some bookies giving lots more smaller free bets but over a few weeks, each week you receive a certain free bet value after you've placed bets from using the previous weeks free bet.
This type of free bet that bookies sometimes offer is useful to anyone that gets paid weekly with the PaddyPower new customer offer being split into multiple free bets.
Understanding Free Bet Terms
Some bookies operate slightly differently in the fact that they set a deadline for you to use your free bet by. If you bet within the timescales they allow you to claim your next free bet and so on.
A common mistake is to think that free bets are just to be used for sports betting. Luckily this isn't true with online bookies willingly taking bets on just about anything these days.
A particular favourite is something that's been termed 'free bet events' which encompasses almost anything you could think of that isn't actually a physical sport.
Examples of these other areas for betting include financial markets, the outcome of reality TV shows to weather predictions or next football manager betting. Most bookies offer odds on all these types of events with free bets regularly on offer and being used by punters.
Just remember, free bets are something that are used to attract new customers and additionally to add funds to that new account - not to encourage you to bet on anything in particular.
If you'd like to bet on the annual Eurovision, then create your account in the usual way, qualify for free bet offers and you're then free to bet on anything online bookies offer odds on.
Check out some bookies free bets, they really are an easy way of doubling your betting fund before you've done anything as well as seeing if you like betting at a new bookie.