Free bets are a type of promotion that is offered by online sportsbooks, betting sites and bookmakers. They allow you to place a bet on a sporting event or other type of event without risking any of your own money.
Free bets can be offered in a variety of ways, and they may be offered as part of a welcome package, a promotional offer, or as a reward for loyalty. Some common types of free bets include:
- No deposit-free bets: These are free bets that are offered to new players as part of a welcome package, and they do not require you to make a deposit in order to claim them. No deposit-free bets are usually small in value, and they may come with certain restrictions or requirements.
- Matched free bets: These are free bets that are based on a percentage of your first deposit or qualifying bet. For example, a sportsbook may offer a 100% matched free bet up to $100, which means that if you deposit $100, you’ll receive a $100 free bet. Matched free bets may come with certain restrictions or requirements, and they may be subject to wagering requirements.
- Free bet tokens: Some sportsbooks offer free bet tokens that can be used to place a bet on a specific event or market. These tokens may be restricted to certain events or markets.