What does bookmaker’s free bet mean
Online bookmakers apply a variety of marketing tools in order to attract players, among which free bets are turn up as very popular ones. Bookmakers’ free bets mean an opportunity to bet without own expenses. However, the use of free bet can be a lamentable turn for a beginner trying to fulfill the conditions of certain betting company.
Why free bets are so catching
It's hard to overestimate the real value of free bet for a player. Foremost, it is a chance to make a bet after registration at betting resources without replenishing the deposit, as well as an opportunity to test your skills in evaluating the outcome of sport events without compromising your personal budget. This suggests a perfect alternative to no-deposit bonuses.
There are several types of free bets:
- Welcoming free bet for registration at the website;
- Free bet for the first deposit replenishment;
- Recurrent free bets (monthly, weekly, dedicated to certain events);
- Free bet bonus for the first bet via mobile app, etc.
Read also: Types of online casino bonuses
How to use free bet bonus
As a rule, the free bet does not automatically assess. To receive it, you need to contact the administrator through a special form at the bookmaker's website or by e-mail.
If you want to make a claim for a free bet bonus you must fulfill the conditions of the company: to sign up and provide all the necessary data, to install the application, to replenish the game account with the specified amount, and so on.
Before taking advantage of such an attractive opportunity, you should carefully study the conditions of free bets usage. It is practically impossible to withdraw the deposit bonus immediately, what you need first is to fulfill a number of requirements, and simply put, - to win back the received free bet.
Betting companies suggests turning over the free bet with wager or rollover. More often than not, a player will be required to follow the next rules:
- Make a bet with a certain odd, usually high: from x1.5 to x2;
- To bet on the certain sport or championship indicated by the bookmaker;
- The entry must be of specified amount;
- In case of the wager you will have to make a certain number of bets amounted to the sum of the first deposit.
Bookmakers can postulate one of the above conditions or a combination of a few of them. The list does not include a complete list of all possible prescriptions.
How to use free bets
Let’s consider the usage of free bets on a specific example. It clearly demonstrates the pitfalls of free bets.
In order to receive the free bet bonus, the player must make the first replenishment of his gaming account for at least $20. Replenishing the deposit by $20, the gambler gets a free bet of the same amount, with an odd x10. In order to win it back, you have to make 10 bets at $20 with an odd x1.75 on different events.
As a result, the player will have to fork over a lot to fulfill the conditions by the bookmaker. That is why you should carefully observe the requirements for wagering and commensurate your strengths. Usually, the conditions of bookmakers are less rigid allowing you to cope with the task.
Withdrawal of prize
It should also be borne in mind that a sum, that is equal to free bet bonus, will be withdrawn before the winning. For example, according to the bookmaker's condition, it is necessary to put $10 on a victory of certain team with the odd of x2. As a result, it won and the bet was played: the victory was $10 x 2 = $20. The player will be able to withdraw his honestly earned prize after deduction of free bet amount: 20 - 10 = 10 dollars.
You can withdraw your winnings only after all the conditions have been met. When you try to withdraw money in the process, free bet is canceled and debited from the account.
Why do bookmakers need free bets
Free bets are considered as one of the best and proven ways to attract and retain players in the field of betting. Sometimes, in order to win a welcoming free bet, the player has to bet everyday on the specified amount with a certain odd during the agreed time (from two weeks up to a month).
The bottom line is that the player regularly visits the resource, developing a habit. Even after fulfilling all the conditions of wrecking, he will be visiting the website and making bets, thereby increasing the bookmaker’s income.
Read more: Slots RTP, or Why does the house always win