“Matched Deposit Bonus” Of all the free bet bonuses offered by online sportsbooks – the matched bonuses are the biggest. Some of these will reach 4 figures. Once again, the idea is simple, though the devil is in the details. You make a deposit at a book, who will offer you free bets that match the amount your deposited. The Money Monday Club is an opt-in bonus that rewards players with a $10 free bet every week for being active bettors. Opt-in to the bonus, place $50 in total wagers on BetMGM any given week, and you’ll receive the $10 free bet bonus the following week. Industry giants such as bet365, Unibet and William Hill offer tailored promotions, should you want to bet with a free bonus. Together with these betting sites' reputation, you will enjoy regular free bet offers, from signing up to betting on specific sports markets.
It’s no surprise that only the most experienced sports betting enthusiast has an opportunity to make a profit against the house in the long term. However, for the rest of us, there are more than enough chances to turn the odds in our favor in the short term.
The easiest way to achieve this is to take advantage of the free sports bets and other no deposit offers and bonuses available to new sportsbook players.
The Free Bet Bonuses consist of a Free Bet bonus portion that must be claimed within 7 days after making a qualifying deposit of not less than a prescribed minimum amount. The Free Bet is an amount equal to 100% of the amount deposited with a prescribed maximum amount. A free bet is a bonus offer that allows you to place a wager without paying the stake. Online sportsbooks will typically offer free bets to new users as a way for them to familiarize themselves.
Most regulated online sportsbooks have free money offers that are custom made for new players to place the odds in their favor temporarily.
With more sports betting sites coming online every day, you should understand the potential of the bonuses available to you.
Whether you want to find a bonus or promo code to claim one of these offers, or you are combing the fine print to understand the playthrough requirements, we at PlayUSA have you covered with our comprehensive guide to bonuses available at online sportsbooks.
Free bets sound too good to be true. Do sports betting sites really offer free money to their players? The simple answer is yes.
A free bet as an opportunity to place a wager without any risk, and receive a payout on the net winnings if you have a winning bet.
The main difference between a regular bet and a free bet is that you don’t need to contribute the stake when it comes to a free bet. Therefore, you won’t receive the stake as a refund along with your winnings if you have a winning bet.
There’s nearly an infinite supply of free bets available at reputable online sportsbooks. The easiest way to claim a free bet is to register for a new account with an online bookmaker. Reputable sports betting sites utilize free sports bets to encourage fans to register a new account and eventually make a deposit.
Online sportsbooks hope that by giving you something for free up front, you will continue placing bets on their site. This explains why you need to sign up for a new account and register a valid payment method before you receive your free bet.
To claim a free bet offer, most sports betting websites require a bonus or promocode.
Alternatively, you will need to make a minimum deposit before the free bet offer is credited to your account. However, the use of a bonus or promo code is one of the most popular methods utilized by online sportsbooks.
Should an online bookmaker require a code, you will need to provide it during the registration process or when you make your initial deposit. This process all depends on the nature of the bonus you wish to claim.
The promo code field is usually on the deposit or registration page. Once you locate the box, you enter the promo code that is associated with the free bet offer or deposit bonus before completing the registration or deposit. The bonus will then be credited automatically after that.
If you are on a sports betting site that doesn’t require a promo or bonus code, you need to gloss over the promo code field that is usually optional.
Please take note that you’ll still need to opt-in for the free bet or deposit offer to receive the bonus. This rule usually entails clicking on the “Deposit Now” or “Opt-In” button on the bonus or promotional page.
A promo or bonus code is essentially a coupon. However, instead of offering a discount on your purchased goods, it allows you to receive a better bang for your buck.
There’s plenty of online sportsbooks that offer unique promo codes. However, because we create our exclusive promo codes that are more generous when compared to the public offerings, we highly recommend that you shop with us first.
You can treat yourself to a variety of free bet bonuses and promotions at some of the best sports betting sites in the industry.
To help you differentiateBetting over under. the types of free bet bonuses at reputable online sportsbooks, we will cover some free bet offers.
Risk-free bets can be an excellent foundation of matched betting profit. This type of free bet will allow you to place a bet knowing if you lose, you’ll receive the money back in the form of a free bet, cash prize or even a bonus.
However, a risk-free bet will require you first to make a deposit and place a bet with your money before a risk-free bet will come into effect. For instance, most sports betting sites will offer a $10 risk-free bet promotion. However, you will first need to wager $10 of your money. Also, your bet needs to be on minimum odds of 2.00 or higher.
Should you lose your $10 bet, you will receive $10 as a bonus back into your account only if you meet the wagering requirements. The bonus amount you receive must then roll over a couple of time at 2.00 odds of higher before you can withdrawal it.
Alongside deposit bonuses, free bets are the most popular form of bonuses in the online betting industry, especially to new players.
Free bets can be seen as wagers you can make on the house’s expense. As a rule of thumb, you can only withdraw the winnings made from a free bet, and will not be able to cash in the free bet amount as well.
You can spend your free bets in an assortment of betting types. For instance, you can use your free bet amount to place a moneyline favorite during an NHL match, or you can use your free bet on a four-leg parlay if you want to take a risk. Either way, there’s nothing to lose.
Free bets can come in a variety of shapes and sizes to accommodate all betting preferences. These include:
A match bet offer can also be regarded as a risk-free bet. It’s a smart way to promote a risk-free bet.
You will need to wager your hard-earned money before a match bet offer will take effect. Should you lose your first chance, the online sportsbook will credit your account with the same amount your wagered, up to a certain percentage.
Most online sportsbooks usually promote a match bet offer of 100% of up to $500.
No deposit free bets are free at most online betting sites. As an entirely free bet, there will be no need to make a deposit to claim the no deposit free bet.
It should come as no surprise that a no deposit free bet amount is usually minimal. For instance, most online sportsbooks will offer a no deposit free bet that ranges from $5 up to a maximum of $10.
Should you win with a no deposit free bet, please note that you won’t be able to cash in your winning immediately either. You will need to wager your winnings 10-15x to meet playthrough requirements.
At an online sportsbook, a deposit match bonus mainly works the same way as a deposit bonus at an online casino.
Once you register for a new account and make a deposit, the online sportsbook will match your deposit, usually up to 100%. However, instead of the unachievable 40x wagering requirements at online casinos, sports betting sites will typically feature an easier way to meet playthrough requirements on the deposit match free bet offer.
Most online sportsbooks’ playthrough requirements are only one time. That is fantastic if you want a bonus with feasible wagering requirements that will allow you to cash out in a short time.
The best advantage to claiming free bets at online sportsbooks is you’ll be able to test drive the sportsbook to ensure it’s smooth and reliable before making your initial deposit. You will also discover which sporting events and betting types are available on the sports betting site.
Apart from not having to spend your hard-earned money first, another advantage is you can place a bet absolutely risk-free. Furthermore, even if you do have to spend your money first, you can still be awarded a risk-free bet should you lose.
Last but not least, another advantage is you can prolong your betting experience by increasing your bankroll. Essentially, this allows you to make more bets than usual, which could lead to being more profitable.
Although there are several reasons to take advantage of free bets at online sportsbooks, they do come with a handful of disadvantages as well.
For instance, most of the free bets have various terms and conditions that you must meet before you can cash in on your account. These terms and conditions are usually difficult to reach and will cause headaches if you wish to use them to profit on your account.
Apart from the terms and conditions, you will also notice that free bets offer little value or the amount you’ll receive in your account. Most free bet offers tend to range between $5-$10 as a no deposit free bet. If you find a higher offer, you will usually need to make a deposit first to receive the free bet credits in your account.
Also, most free bet offers come with restrictions that we’ll discuss in-depth.
Every sportsbook promotion, whether it’s a no deposit free bet or a deposit bonus, will have a variety of restrictions you will need to know before you claim the offer.
Unfortunately, this means you will need to comb through the terms and conditions to find out what you can and cannot do with your bonus.
Fortunately, here is the list of typical restrictions to make your free betting life easier on you:
No splitting: Most of the free bet offers at sports betting sites cannot be split in any way. For instance, should you receive a $20 free bet, you will only be able to make a single bet of $20. Also, you are limited to one betting market.
Restricted odds: Free bets are also restricted by odds. Essentially, this means you will need to look for specific odds for your free bet to qualify. Even the best free bet offers require you to place a wager on odds no lower than 1.5 to meet the requirements.
Maximum win: Most free bet offers have restrictions on the amount you can cash in. For instance, a no deposit free bet offer will have a cap of around $200 that you can cash-in once you meet the playthrough requirements.
Time-sensitive: Most free bet offers will be available for a limited time. Once you register for a new account and claim the promotion, it may only be available for seven days before it expires.
If you’re a user of an online sportsbook today, you are sure to have come across a variety of free bet offers. These may be awarded when your bet loses in a certain way, when making a deposit to a site, or as a bonus for simply signing up to a site.
These free bets can come in all shapes and sizes, and to take full advantage, it is good to have a real understanding as to how each of the free bet offers work. In an industry where making a profit can be a tough ask, taking advantage of these free bets can be the difference between beating the sportsbook and losing.
This article is divided into the following sections, detailing exactly how free bets work and explaining the different types of offers you’ll find online:
Free Bet offers are unusual in that they are advantageous for both the customer and the sportsbook.
As you’ll read below, free bets can come in a variety of ways. They might be based on making a deposit, or simply placing a bet. Generally, the free bet award will be minus your stake. For example, if you were to place a $100 free bet wager at odds of +200 and it won, you’d be awarded $200, but not receive the stake back as well. Occasionally, you might find a free bet where the stake is included – look out for these, as they can offer far more lucrative rewards.
It always pays to read the terms and conditions of any free bet offers. It’s usual practice to only offer one per household (this is to stop the one gambler in the family opening multiple accounts for every other relative who lives at the same address). Age restrictions will be in place too.
The way you’ll claim a free bet will change from site to site and be dependent on the promotion. For example, if your free bet is on the back of an initial deposit bonus, the free bet might be allocated to your account immediately.
The same prompt reward might come your way if you’ve won a free bet on the back of a loss. Other times you might have to enter a bonus code to claim your free cash. It’s always a good move to read through those terms and conditions first if you’re not sure – there is nothing more annoying than losing out on a free bet because you didn’t realize you had to enter an advertised bonus code.
Bonus codes will usually come from the site itself, although in certain circumstances, you might find a bonus code offered by a third-party company.
Any time you sign up to a new site (or even better, thinking of signing up to a new site), your first port of call should always be to the ‘Promotions’ page. This is where you’ll find all of the offers available, including the welcome package as well as any ongoing promotions and loyalty schemes.
It wasn’t so long ago that free bets were almost unheard of. In the early days of online gambling, customers were simply pleased that online sportsbooks were there. People couldn’t take advantage of the offers because there were none. However, as competition within the industry has grown, sportsbooks have developed a number of ways of attracting new customers with free bet offers.
Here is a detailed rundown of all of the different types of free bets bonuses you can enjoy at an online sportsbook:
There is nothing more enjoyable than a risk-free bet. Like many of the offers listed below, these are usually reserved for new customers at a sportsbook. They will require you to make an initial deposit and then place that first wager. If the bet wins its business as usual and you’ve made a fine start with your new account. If the bet loses, the ‘risk free’ part comes in.
At this point, the sportsbook will refund your stake in the form of a free bet. You’re now free to place another bet. Effectively with this type of bonus offer you are freerolling with your first bet.
In most cases, the free bet award will not include your stake if it wins. Check the terms and conditions as there will usually be deadlines for both placing the initial bet and then placing the second bet (if the first one should lose). With generally shorter deadlines, aim to place short term wagers instead of heading to the futures markets.
A good example of a risk-free bet is the one offered by FanDuel Sportsbook, where they’ll give you a free bet of up to $500. If your bet loses, it’s like it never happened.
No deposit offers are some of the most enjoyable promotions you’ll find online. The idea behind them is that you can bet for free (and potentially make some cash!) and that you’ll enjoy the site so much you’ll stick around. On this basis, you’ll usually find these offers at those sportsbooks that do offer a good service overall.
These no deposit offers are usually on the smaller side of the bonus amounts, maybe in the region of $10 or $20. Unfortunately, it’s not quite as simple as placing the free bonus cash as a wager and withdrawing the winnings. You’ll usually find a play-through requirement with these offers. If you take a $20 no deposit offer with a 15x playthrough requirement, you’ll have to wager a total of $300 to make the cash yours.
At DraftKings Sportsbook you can enjoy a free $25 no deposit bonus – perfect if you want to ‘try before you buy’ and give your account an instant boost.
Another good bonus variant is the matched bet bonus. Having made your first deposit and placed that first bet, the sportsbook will give you a free bet up to the same amount. This is similar to the risk-free bet in that if your initial bet loses, you’ll have another chance with the free bet. However, this has a distinct advantage, in that if the initial bet wins, you’ll still gain the free bet.
Very similar (again) to the matched bet bonus is the matched deposit bonus. This time the size of the free matched bet is based on the size of your initial deposit (as opposed to the size of the first bet).
In both of the above cases, you might find more stringent playthrough requirements due to the greater generosity of the offer.
William Hill New Jersey operates a scheme along these lines, where once you’ve deposited and placed bets up to the value of $50 or more, they’ll give you a free $50 to play with.
One of the most interesting developments in bonuses and promotions is the introduction of money back bets if a wager loses in a certain way. Here’s some good examples of these free bet offers:
In all of these cases, your free bet award will be without the initial stake, so you’ll only receive the winning portion should your free bet win.
At some sportsbooks, like FanDuel, you’ll also find insurance bets which work in a similar way. These promotions work with parlays with a minimum number of selections. If one leg of the parlay lets you down, you’ll receive your initial stake back as a free bet.
Many of the above offers (including the overtime in basketball, the extra innings in baseball and the goal scored after the 80th minute in soccer) are available at BetStars New Jersey.
As well as the popular methods employed above, you might also find many other ways of enjoying free bets.
Particular promotions might state that if you wager a certain amount on a given sport during a set time period, you’ll be awarded an additional free bet.
For example, at BetStars Sportsbook if you bet $25 within any given Monday and Sunday, you’ll be awarded a free bet of $5. Another good example is at William Hill, where they’ll refund you 20% of your losses as a free bet on any 4-team losing parlays in baseball. MGM runs a similar promotion, offering you 10% back on any losses during the NBA playoffs.
Loyalty schemes are a good way to enjoy free betting too. Many online sportsbooks offer reward programs, where you’ll earn points every time you place a bet. You’ll be able to turn these points into cash or free bet credits. These loyalty schemes are usually linked into VIP clubs too, which can lead to further benefits – the quicker you earn these points, the larger range of additional benefits will come your way.
Obviously, any time you receive a free bet, it will feel like a bonus. However, when you look at it from a numbers point of view, these free bets can make a real difference.
Every time a sportsbook offers odds on an event, they have their own ‘juice’ incorporated into the odds. For example, in a two-way market, you’ll usually find odds of -110 for each side of the market. This effectively means that in a 50/50 bet, you’ll get slightly less than double your money back – this is where the sportsbook takes their cut (this is a necessary evil, as without that cut, sportsbooks wouldn’t exist and none of us would be able to place a wager).
If you incorporate these free bets effectively into your betting strategy, instead of the sportsbooks having the edge, you can turn it around and have the edge yourself. Many of the offers detailed above can effectively double your initial deposit or bet, turning those odds hugely in your favor.
These free bet offers usually come when opening a new account, so can add to the feel-good factor with that account and give you added confidence in your selections too. Knowing, for example, that you have a risk-free bet first up with a new account, you have that element of freedom. If the bet wins, you’re off to flying start at the new sportsbook – and if it loses you’ve got a second bite of the cherry.
It seems strange to talk about disadvantages when it comes to free bets. However, at times you have to be a little careful, especially when around lesser well-known sportsbooks.
For example, you might find a free bet offer where there is a huge playthrough requirement. This could effectively mean that you’ll be tied to placing an impossibly large number of bets (sometimes within a short time scale) to clear the free bet funds. In these instances, the sportsbooks will have more than got their money back through the juice gained by placing all of these additional bets.
Again, always check the terms and conditions when signing up to a new site. A good piece of advice is to stick with the regulated and state-sanctioned sportsbooks. These perfectly legal sportsbooks want to keep their customers happy, so their offers and promotions are geared to give the good sports bettor an increased chance of success.
Whenever there is a free bet offer, you’ll usually find a series of rules and regulations around the free bet offer. It’s always handy to know exactly what these are, so head into those terms and conditions again to find out exactly what you need to do – just to ensure you don’t fall foul and lose out. Here are some common rules around free bets:
With so many sportsbooks bombarding you with free bets and other promotions, it can pay dividends to spend a little bit of time choosing the right one. Head to their promotions page and check out exactly what each site offers. You might want to take advantage of a large risk-free bet or be more drawn to that impressive matched bet bonus. Check out what offers are available on your favorite sports too – there’s no point in joining a site that is geared towards offering NFL promotions, if you’re going to be baseball betting throughout the year (and vice versa).
Choose the right free bet offers and your sportsbook account could enjoy a nice, healthy boost.