Whether you are a regular gambler or new to the world of online betting, the verdict is clear. Who wouldn’t want a free bet? When it comes to betting free bets are the most common way for an online bookie to welcome a new customer. Find out what the term means and how you can take advantage of the many free bet promotions on offer in the betting world.

A free bet is exactly what it sounds like. You can place a bet on certain sports, races or tournaments without needing to pay for your stake. However, the terms of the free bet may vary depending on the situation and bookmakers.

Your free bet offer may be in the form of credit that you can wager wherever you wish, or it may be in the form of receiving back your stake in free credit if a bet that you place does not work out in your favour. The latter one, where you use your own money, is called a “risk-free bet”. Free bets are offered given as a promotion to welcome new customers, so you may have the opportunity to enjoy such a promotion when you first start using a new bookmaker.

Terms of the free bet may vary depending on the situation and bookmakers.

You often need to transfer credit to your online betting account before you can take advantage of the free bet. Alternatively, you may need to deposit a similar amount or match the stake offered by the betting site before you can take advantage of the bet. Be sure to check the terms and conditions that apply to your free bet promotion so that you can be sure of enjoying it to the fullest.

Many online betting sites offer free bet promotions, either as an introductory offer or as a reward for being a loyal customer – for example after a certain amount of activity or after depositing a certain amount of money into your betting account. Check what is offered at your own bookmaker by looking at the promotions page.

As free bets are often offered as an introductory promotion, it may be a factor to take into account when changing to a new bookmaker.