Can You Really Make Money From Free Bets?

Free bets are becoming more and more popular with online bookmakers. If you have an interest in sport, then you are probably aware that there are a number of free bets being offered by betting companies every day, if not every hour. The question is, can they really make you any serious money? Here are some answers.

What is the point of free bets?

Free bets can be a way for a betting company to gain a new customer. If they give you a free bet, then they have an opportunity to try and get your business. At the same time, it is also a chance for you to try your hand at making some money. This is especially true if you are someone who would normally place very large bets on sports such as horse racing or football. The bookmakers know that this kind of clientele has the potential to make them a lot of money, so they will do all that they can to attract their customers. In order not to lose out on too much money should their first choice fail, some bookies will even offer high odds in an attempt to secure your business, but this generally only applies with accumulator bets, which we will cover later on. You can use this guide to see the benefits of matched betting and the free bet system. It is worth noting that this business model is the backbone of every betting company.

How do free bets work?

The majority of free bets are offered as a way of enticing customers to either place a bet or deposit money into a betting account. This is done by offering them a free bet which they can use on any sports event that they wish with the understanding that if their bet loses then they will not be able to withdraw the initial value from that particular account. Most often, this works by matching your stake with an equivalent amount from the bookies side. In order for them to do this, however, you will need to register at another bookmakers website and instead of placing the normal bet through them, you must use their sister site, and they will refund your money. The only issue with this is that not all bookies offer the same odds, and as a result, it can be quite difficult to find a site that offers better value than where you deposited without free bets. 

How much can I win with free bets?

The amount that you stand to win with your free bets depends largely on the value of the best that you place. This means that it is important to consider the best possible odds when placing them. This will mean that if you are successful, then you stand to make a bigger profit. Keep in mind, however, that even though your initial stake may be matched by the bookmaker, this should only apply if your bet wins because should it lose then unfortunately there isn't enough money within the account to allow you to withdraw any of it. It can take a little time to find betting sites that offer the best odds, so you might have to test out a few before finding one that works for you. Many people miss out on gains because they are not aware of how free bets work. With proper knowledge, however, it doesn't take long to see your winnings grow significant. 

Are free bets worth taking up?

The answer to this question really depends on how much value for money each individual can find when comparing betting companies. With free bets, it is possible to make a significant amount of money, but you have to make sure that what you are looking for can actually be found. This means that it is important to look around and find the best places where your free bet can be used in order for you to get the most out of them without any sticky fingers close behind. It takes time, but if done correctly, then people can grow their bankrolls significantly with minimal effort.  Free bets offer an opportunity for people who would not otherwise have been able to place these sorts of bets by allowing them access to large amounts of money which they wouldn't usually have.

Free bets are a great way of earning money online, and this is especially true for those who have not yet got their own bankroll established. Because they require no initial investment, it makes them significantly easier to place in comparison to traditional bets, which will typically need you to risk some form of capital in order for you to stand any chance of return. So,  if you are new to betting, then it is recommended that you start off with our tips and work from there.