In the absence of a traditional Cobra Bet Sports welcome bonus, the bookmaker has a free bets bundle. Players can unlock a maximum of €100 worth of free bets, which come with no wagering requirements. These are awarded incrementally, to players who place bets of at least €10 and come in the form of OnlyWin, FreeBet and NoRisk free bets. The first bonus is released after placing four bets, with the rest awarded after 7, 10, 15, 20, 25, 30, 35, 45 and 50 wagers.
The first eight are OnlyWin free bets, where players only get to keep the profits they make and not the stakes. A NoRisk free bet is credited after betting 45 times and the AllWin is unlocked after 50 bets. The former will refund the stakes if the bet is lost, while the latter will allow players to keep the stakes, as well as the profits. You unlock the free bets by wagering the odds of 1.30 and above. Once you get the bonus bets, you are free to bet at any odds you choose, as long as they range from 1.01 to 2.00.
The wagering requirements are pretty simple, but there are also other rules to consider. For example, if you deposit using Neteller or Skrill, you will not qualify for bonuses. It is also prohibited to bet in excess of €5 or currency equivalent until the wagering requirements are met. Cobra Bet Sports bonuses expire 14 days after being awarded, so it’s important to give them top priority. The good news is that if your balance sinks below $0.05, the bonus is automatically canceled and you can apply for a new one.