Best Free Bets And Offers - May 2023
Want to make your next bet go further? Check out the best free bet offers in the UK today.
Why take a free bet?
A free bet is designed to increase the available betting funds in your account. When you sign up with a bookmaker you are given the opportunity to opt into their available welcome offer. This offer may come in a number of different forms but ultimately, all bonuses are designed to help to make your money go further.
What are the different types of Free Bets?
A free bet is an offer that sees you deposit a certain amount with the bookmaker who then match, double or even triple your deposit amount. A standard example of a free bet would be 'bet £10 get £20'. This simply means that if you deposit £10 into your account, the bookmaker will then credit your account with £20 in free bet credits. These offers are a great way to maximise your playing pot with many bookmakers offering very generous free bets.
A no deposit offer is a way for you to get bonus funds and bet without having to risk your own cash. This type of bonus is usually targeted at new customers and helps them to get started on the site. As there are no depositing amounts it makes a no deposit offer perfect for novice players.
A matched deposit bonus is perhaps best utilised by a customer that is willing to deposit a sizeable amount. A standard example of a matched deposit is '100% up to £100'. The bookmaker will match whatever amount you deposit up to £100. So if you deposit £10 then the bookmaker will credit you with £10. Your deposit will be matched on whatever amount you deposit between £1 to £100. However, if you deposit £150, the bookmaker will only credit you with £100.
A risk free bet is an offer where if your first bet with a sportsbook loses, you will be credited with a bonus bet of the same amount as your wager. So if you were to sign up with a bookmaker and bet a £10 risk free bet and you lost, the operator would credit you with £10 back into your account.
A cashback offer is a way for you to give yourself some security when you bet. If your bet loses but you have opted into a cashback offer then you will be credited with a percentage of your wager back into your account. This amount will be a small percentage, but it can help to soften the risk of losing a bet.
Free bet credits
Free bet credits are a type of free bet that sees you allocated betting credits or free bets rather than receiving an amount of your deposit as a bonus. A standard free bet credits offer could be up to £50 in free bet credits for new customers.
Accumulator (Acca) Insurance is when a bookmaker refunds your stake as a free bet up to a certain amount. You will usually have to see all but one of your legs win in order for the Acca Insurance to work. A bookmaker will usually state that there must be a minimum number of legs in the acca for it to qualify.
Understanding the Terms and Conditions of a free bet
There are a number of important key factors that you have to take into account before you opt into a bonus. The first and most confusing is the Wagering Requirement. The wagering requirement dictates how many times you must wager your bonus amount before you can withdraw it. This requirement is usually set between 10-40x. For example, if your bonus is £50 and the wagering requirement is 10x then you will need to wager £500 (10x£50) before you can withdraw the bonus amount.
There will often be a Win Limit on your bonus. This limit restricts how much you are able to win from a bonus. Bookmakers will often limit the amount you can win so even if you nail a long shot with your bonus, if their is a win limit then any winnings over this cap will be voided. Time Limits are also very important as this dictates how long you have to use your bonus. If you are signing up to a bookmaker and opting into their welcome offer then you should make note of any time restrictions as this would be a waste if you did not sign back in before the bonus expired.
Minimum Odds are another very important factor you must take into account before opting into a bonus. A bookmaker will often set a minimum odds requirement that your free bet must adhere to. Usually around 2.00 (Evens) or higher, the minimum odds are designed to stop you from betting at odds-on and to increase the risk of your bets.
Do I have to take a free bet?
No, you do not have to take a free bet. The terms and conditions of a free bet can be difficult to understand for novice bettors. Sometimes it is more beneficial to reject a free bet. While betting with your own cash means you are putting your funds at risk, it does mean that you will be able to access winnings immediately as no criteria is in place to withdraw your own funds.
What markets can I bet on with a free bet?
The markets you are able to use a free bet on depend on the operator and your preference. You will usually be able to use a new customer free bet with most sports and markets. Sometimes a free bet will be tied to a certain match or event and so you may be confined to that. You may also wish to bet on a certain sport or market depending on the wagering requirements. Ensure sure you check the terms and conditions of the offer so you know where the bonus can be used.
Are there mobile-only free bets?
Many bookmakers reward their customers for using their sportsbook on a mobile device. This will usually come in the form of a mobile-only bonus that incentivises players to move their PC betting onto mobile.
How Do I Get A Free Bet?
You can choose to take a free bet as a new customer signing up to most bookmakers. While free bets can add more money to your potential betting pot they are rarely 'free'. Most free bets have terms and conditions that must be adhered to in order to unlock any winnings generated on a free bet.
Are free bets for new customers only?
No, free bets are available for existing customers too. While they are more commonly accesed as a new customer free bet offer - existing customers can also be offered this type of bonus for their loyalty.
What betting site is the best?
This is down to your own personal preference. As a minimum, always choose a UK licensed and vetted Bookmaker by the Gambling Commission (UKGC). The rest is based on your personal preference of factors including; odds, markets, payment methods and ongoing promotions.