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How do free bets work? Here is how to profit from them

Free bets are a great marketing tool found in almost every bookmaker’s promotion arsenal.

Most of them are very appealing to both new and old customers and are offered for a very wide range of events and situations.

Because the industry of online sports betting has expanded greatly in the last years, not all free bet offers are equally good nowadays.

You can make or lose money with them unless you play the perfect strategy.

You will find in this article what exactly are free bets, how to use them and most importantly: how to profit from them?

We will start by explaining how does a free bet work and after that, we will share a quite useful free bet strategy with you.

This is a guide for beginners but don’t leave this article so quickly if you already played with a few of these. Every piece of information could help you save some money.

Best Free Bet Offers in 21 October 2021 – Updated List

Rank
Bookmaker
Bonus
Safe & Trusted
Rating
Get Started
1
Exclusive 10% Rakeback
Yes
Rating 9.99 out of 10
2
Exclusive: 100% up to €130
Use Promocode: GJBET
Yes
Rating 9.90 out of 10
3
100% up to €122
Yes
Rating 9.81 out of 10
4
100% up to $75
Yes
Rating 9.72 out of 10
5
Exclusive: 100% up to €143
Use Promocode: GAMBLINGJUDGE
Yes
Rating 9.63 out of 10
6
$50 Risk Free Bet
Yes
Rating 9.54 out of 10
7
100% up to €500
Yes
Rating 9.45 out of 10
8
100% up to €100 + €20 Free Bet
Yes
Rating 9.40 out of 10
9
125% up to €300
Yes
Rating 9.35 out of 10
10
100% up to €100
Yes
Rating 9.30 out of 10
Rating 9.90 out of 10

BIRTHDAY FREE BET WITH BETWINNER

Get a free bet for your birthday from Betwinner.
To unlock your free bet, a free bet code will be sent to your account and via SMS. Use the promo code in the Promo section.
Rating 9.63 out of 10

BIRTHDAY FREE BET WITH BETANDYOU!

To unlock the birthday free bet, a promo code will be sent to your account and via SMS.
Use the promo code in the Promo section.
All bonus types are disabled for cryptocurrencies with no exceptions.
Rating 9.63 out of 10

FIRST DEPOSIT FREE BET UP TO €40

The minimum required deposit to activate the bonus is 20 EUR.
The bonus will be credited to your account automatically as a promo code (will not exceed 40 EUR).
Bet on the correct score in a football match using the promo code that you receive.
Rating 9.54 out of 10

$50 RISK-FREE BET FROM SPORTBET.ONE

Top up your Sportbet.one wallet (BTC/EOS) through CryptoLocally.
Within 24h you will be credited a Risk-Free Bet of up to $50.
Rating 9.40 out of 10

GET A €5 FREE BET EVERY DAY

Place a bet with odds equal or bigger than 5.00.
If you win, you'll be credited with €5 free bet up to once a day, every day.
Rating 9.40 out of 10

BET €5 GET €20 FREE BET

This Sports Promotion is available to new and select customers that never deposited funds.
Place a min €5 bet with minimum odds of 1.5.
Get your account credited with €20 (4 x €5) free bet vouchers.
Rating 9.35 out of 10

UP TO €/$ 200 AS FREE BETS FOR ACCUMULATORS

Collect accumulator bets (pre-match or live) from 7 events with a coefficient 1,7 or higher for each one.
If one event doesn't win, we will return the bet amount in the form of a freebet.
The maximum free bet is €/$ 200 or currency equivalent.
Rating 9.35 out of 10

BIRTHDAY FREE BET

Participants must make bets of minimum total value of €/$ 50 or currency equivalent during the month preceding the month of the Participant's Birthday.
This promotion is available only for users registered on the website more than 30 days before the date of the birthday.
The value of the Free Bet is determined by the promoter.
Rating 9.30 out of 10

WELCOME BONUS: 100% UP TO 100€ AS FREE BETS!

Register an account on 20bet
Deposit at least €/$10
Get the welcome bonus of 100% up to 100 € in free bets
Rating 9.30 out of 10

WIN UP TO 1 000 EUR AS FREE BETS!

Make deposits totaling at least 20 € for 5 consecutive days
Get 1000 € for predicting 10 results correctly
Get 100 € for predicting 9 results correctly
Get 50 € for predicting 8 results correctly
Rating 9.25 out of 10

€5 FREE BET ON CHAMPIONS & EUROPA LEAGUE GAMES

Bet €20+ pre-match on any game of the Champion League or Europa League game.
Matches are taking place from Tuesday –Thursday.
If your bet loses, a €5 free bet to use on any football match, will be credited to your bonus account the following Monday.
Rating 9.21 out of 10

SPORTS LOYALTY FREE BET

Place Your Bets and at the end of each week, if you ended up negative, get back 10% of the lost bets.
The minimum amount to be given back as a FREE BET is 10€/£/$ and the maximum is 150€/£/$. Maximum amount per Single FREE BET is 25€/£/$.
Rating 9.20 out of 10

BET £10 AND GET £30 IN FREE BETS

Available for new customers only.
Place a bet of £10 or more and get 3 x £10 free bets.
Free bet stakes are not returned as part of the settlement of successful free bets.
Rating 9.00 out of 10

PLACE €10 AND GET €30 AS A FREE BET

Available for new customers only.
Make a minimum deposit of €10 and wager the full deposit amount on an event with odds of at least 1.50.
Receive €30 as a Free Bet.
Rating 8.82 out of 10

UP TO $/€ 30 IN FREE BETS

Available for new customers only.
Make your first deposit of minimum €10 .
The bonus will be activated automatically.
Rating 8.66 out of 10

$/€5 NO DEPOSIT FREE BET

Valid for newly registered customers that have verified their mobile phone number.
Place a single sportsbook bet of $/€5.
The maximum winnings that can be generated from this bonus is $/€10.

How do free bets work and what is a free bet?

Let’s start by explaining free bet meaning. As the name suggests, this is most of the times a free money offer. That means that bookmakers give you an opportunity to place a free bet, with their own money. Sometimes just for signing up (no deposit free bets) but most of the times you can get your hands on such an offer by making your first deposit with them or making some bets under the website’s terms.

Almost always the stake of the free bet is not returned. That means that you can only keep the winnings of the free bet and the original stake will be deducted by the bookmaker. Sometimes you can withdraw your winnings instantly, on other occasions you will have to bet the winnings a few times more. This is the basic explanation of how do free bets work, but to understand the complete process of a free bet, here are some things you need to keep in mind if you contemplate taking up on them.

#1 How to get a free bet?

Most of the times, the bookmakers are asking for an action from you before they give you the free bet. You always have to sign up, make a deposit and then place a bet.

Lots of them provide an initial matched bonus of 25% to 100% of your first deposit. They will automatically add a free bet when you make your first deposit. Some of them even have reload free bets, given for later deposits.

Other betting sites require to place a qualifying bet with certain restrictions like minimum odds of 2.0. With this kind of offers you will not get your free bet until you place your qualifying bet and it settles.

You can also get a free bet for betting on a certain game. William Hill offers quite often a live free bet for the game of the night. This is true for lots of the Champions League nights: you place a bet pre-game and you get a free bet for in-play betting of the same game.

The idea is that you have to read carefully what exactly is expected from you to be awarded the offer.

#2 How to use your free bets?

We explained how does a free bet work above, so let’s continue by telling you how to use free bets. Very few operators let you bet on anything with the free bet offer. Most of them will impose restrictions on odds, sports, markets and type of bets. That is because bookmakers don’t want to just give away money.

They want to minimize their losses and not credit these betting bonuses to bonus hunters or arbers, because they can create a hole in their budgets on long term. That is why you need to read the full terms of the promotion to know exactly how to bet to release your money.

The rollover of the free bet varies from 1 time – meaning that you have to bet only once your free bet amount to maybe 10-20 times, which means that for a £10 free bet you can be required to bet £100 or even £200. Staying up to date with the latest free bets might give you access to limited time offers that you can use over and over again with the same bookmaker.

This makes a huge difference and brings us to the next topic:

#3 How to turn them into cash over and over again?

the next step

As we previously stated free bets come in very different shapes and for very different events. Don’t look only at sign up free bets.

Register with as many bookmakers as you want, get your initial bonus and then see what happens: you might easily get risk free bets, live betting free bets or some loyalty offers sent to you by email, every week.

When you get one, you simply have to lay them with a betting exchange, like Betfair, or if you happen to have 2 at the same time, create an arb bet with them. Your profit will be guaranteed as long you pay attention to the current promotions and use the best Betfair trading strategies.

There are genuine people making a living out of free bets – patience and discipline are your best friends. You learned what is a free bet and how to use it, so start making some practice at one of our recommended bookies: Good luck!

FAQ about how do free bets work

Some free bets require players to make a deposit or place a real money bet, so these ones are not free.

If you lose a free bet nothing happens, because you simply squandered the funds offered by the casino.

You can win money on free bets if you make the right prediction and get to keep the profits not the stakes.

Some free bets can be cashed out, but bookmakers usually restrict this feature to real money bets.

You don’t get to keep the stakes only the profits, with the original amount being subtracted by the bookie.