What Are Free Bets Bonuses?
Free bets bonus is a bonus offer that Indian bettors can claim after signing up for a sportsbook. It acts as a form of bonus offer given to a bettor for their loyalty and regular use of the betting site. Free bets can also be given to motivate punters so that they do not lose interest and keep their betting speed steady.
This bonus offer can only be used for the sportsbook which has offered it to you. The issue here is that, unlike most other complimentary bonus offers, you cannot cash out the free bet. You have to use the free bet on registration.
Are You Eligible?
In order to use a free bet, you have to be eligible for it. Pre-conditions may include signing up for the sportsbook, making your first deposit, selecting a payment option, or wagering on a specific sport. All of these are written on the terms and conditions page of the offer.
Free Bet – How Does The Bonus Offer Work?
Generally, a free bet is offered as a welcome bonus to attract visitors to the sports betting website. Bettors will be given a bonus containing free bets, but they will only be able to claim the offer after creating a betting account, depositing money or meeting the requirements for the offer.
When you use a free bet on an outcome and win, you will not be getting the money you put at stake. For example, if the odds are 3/1 and you wager a bet worth 10 INR, you will get 30 INR, not 40 INR.
Another important detail to note down is that every bet will have its own time limit. Therefore you have to claim it before time runs out.
Types of Free Bets – Explained
A Free bet can be offered through different types of bonus offers. If you are a regular bettor in India, chances are that you are already acquainted with a couple of them. Do note that these offers will differ from one sportsbook to the other. And every bookmaker will have different innovative ideas to create the most enticing free bet offers for you.
This is one of the most common types of free bet offered to punters in India. Here, bettors do not get the amount that they wagered. Instead, they only get to cash out the wins.
For example, if the odds are 4/1, and you have wagered 10 INR, then you will not get the 10 INR that you put as stake. You will only be able to cash out 40 INR.
Maximum bookmakers offer SNR bets.
This bonus offer is exactly how it reads. You get the free bet upon depositing the money into the betting account. This type of bet can be used for any betting market offered by a sportsbook.
Initially, deposit bonuses were only popular for online casinos. But now, they are a crucial part of designing promotions for every bookmaker out there.
A qualifying free bet is a rare bonus offer. However, if you stumble upon one, you can win a considerable amount, depending on the value being offered by the bookmaker.
For a qualifying bet, a bettor has to be eligible to be able to claim the offer. For example, placing a specific bet could be a precondition to get the free bet. The offer could look like ‘Bet 50 INR to get 50 INR.’
For no lose bets, a user has to have an unlucky start to the betting scene. It acts as a demo to show punters what it’s like to place an actual bet. This is also risk-free as the wagered amount is from the free bets.
Bookmakers often offer punters Matched Free Bets like ‘Deposit 100 INR to get a 100 INR free bet.’ As you can see, the value of the free bet will be equivalent to the amount you have deposited or wagered. The value of the deposit money or wagered amount is specified by the bookmaker.
Although it’s a very old pattern of bonus offers, matched bets are still offered by sportsbooks from time to time.
A risk free bet is a tad bit similar to no lose bets. Here, the risk-free bet is given to a punter who has lost his or her bet. The free bet acts as a compensation for the amount lost by the bettor. But you have to keep in mind that when you win, you will not get the amount you wagered for the bet.
This is a type of bonus which you are offered, again as a refund for the losses you made. An example could look like ‘Get 5% of your cricket losses back every month.’ Refund bonuses are great for regular bettors rather than newbies.
Free bets like enhanced odds bonuses are offered to new bettors for higher odds at any market or event available on the sportsbook.
These are some of the ways in which free bets may show up on your sportsbook notifications. However, as we have mentioned earlier, bookmakers will place their own values and enhance these free bets to keep up with rival sites and their offers.
The Terms & Conditions of a Free Bet
Every free bet sites and the bet themselves have a special terms and conditions page anchored to it. The terms and conditions page contains important details to a free bet offer that you can’t explore by simply looking at the offer.
Usually, the terms and conditions are pages-long, which is why people tend to avoid it. But if you can take the time to look into it, it can be beneficial for you as you will know more about the offer.
So let us get acquainted with some of the basic terms and conditions that you will find for any free bet offers.
Wagering Requirements
If you are new to sports betting in India, one of the things which may come as a major shock to you are wagering requirements. For example, you may have claimed the free bet no deposit India offer from your sportsbook, but you had little to no idea about what wagering requirements are. Caught in the complexities of the wagering requirements, you may have lost the bonus as well.
However, this will not pose a problem for regular bettors. They know better than to jump in without checking out the wagering requirements that entail betting sites with free bets.
Essentially, wagering requirements refer to the number of times you have to wager the amount you have received a bonus. You cannot cash out the wins unless you meet the specified wagering requirement.
Wagering requirements will vary from one free bet offer to the other. Some offers may have a wagering requirement of 5x while others may go as high up as 20x.
Minimum Deposit Requirement
Free bets will sometimes have a minimum deposit requirement on them. For example, the minimum deposit requirement can be 1000 INR for one betting site in India. On the other hand, the minimum deposit for another site might be as low as 500 INR.
Therefore, you must meet the minimum deposit required of you before you can claim the free bets.
Minimum Odds Requirement
This is another pre-condition that some offers may entail. The minimum odds requirement may sometimes be difficult to meet. For example, the odds specified may not be currently available for your preferred sports event. This is why it is so crucial to go through the terms and conditions of every offer that you claim.
Exclusion of Certain Markets
Some free bets may not allow you to bet on specific markets. For example, you may be barred from using the free bet for live betting markets or multiple bets. Similarly, free bets may also be exclusive to certain events or markets.
Hence, it is essential for you to be familiar with the betting market or event that has been specified in the offer. Otherwise, you will have claimed the offer for no good use.
Time Limit
Perhaps the most important clause of a terms and conditions page is the time restraint on every offer. There are two types of time limits that you may come across. One is the time limit for using the free bet offer. The other is for meeting the wagering requirements.
Time limits for using the offer may sometimes be one day-long, while others may last for one or two weeks. The same applies to wagering requirements.
So do take a peek at the time limit so that you do not miss out on the offer.
How Can I Find Best Free Bets in India?
The best way to find the best free bet offers is to browse the internet to the best of your capabilities. There are plenty of third-party websites which list down the best free bet offers of the week or month. These lists are frequently updated so that bettors are always able to explore the best offers before time runs out.
You can also get a paid membership at one of these third-party websites so that you are always notified about the new offers before others.
How to Claim a Free Bet Offer?
For those of you who are new to sports betting, it might take you some time to figure out how to claim a free bets offer. Here is a step-by-step guide that you can follow if you too want to claim the free bet on registration.
1. Browse
Take the time to look for betting sites with free bets. Only then will you be able to find the best offers. Compare the odds, free bets value and other features before you sign up for a sportsbook. Use third party websites and your own research skill to find the best sports betting site for free bets.
2. Sign up
Once you have found your favourite sports betting site offering free bets, sign up for the website. For signing up, you will be required to enter personal details, including your name, banking details and other information like email address, etc. The requirements for the sign-up process will be different for every sportsbook in India which have an ongoing free bet bonus offer.
3. Banking Page
After the sign up process is complete, click on the banking page of the sportsbook. This will take you to a new page with banking details. You will be shown two options, reading – Deposit & Withdrawal.
4. Deposit
Since you will be making your first deposit, you have to select the deposit option.
5. Payment Option
Clicking on the deposit option will provide you with a list of payment options. This will include options like bank transfers, e-wallets, credit cards, cryptos etc. You will be required to choose the payment method you feel most comfortable with.
Generally, e-wallets and cryptos like Bitcoin make the best payment methods as they are the fastest of the lot. Cryptos work best if you want anonymity.
6. Deposit Amount
Enter the deposit amount to get started.
7. Eligibility for Free Bets Offer
Up next comes the most important part of claiming the offer. To successfully avail the free bet, you have to meet the criteria for it. Especially if it’s a qualifying free bets offer. You may be required to have minimum deposit, minimum odds, etc. to claim the offer.
8. Place the Free Bet
As long as you meet the requirements for claiming the free bet, you should not face any difficulty while using it. Select your preferred sports event or the one specified in the free bets offer and bag in huge wins!
Do note that you will have wagering requirements to meet before you can cash out your wins.
Free Bet Offers – Availability
There is a variety of free bet offers that one can claim from any betting sites with free bets. These types of bets are usually designed by bookmakers so that more users sign up. Therefore, the values are always pretty competitive. But as great as these offers are, they aren’t always available.
Hence, you may not come across a single free bet offer at your sportsbook from time to time. But that does not mean that a free bet offer is not available elsewhere. You can do your research and sign up for another sportsbook that is offering a free bet.
Frequently Asked Questions
Here are the answers to some of the most frequently asked questions about a free bet offer.
Can you withdraw a free bet? Unfortunately, you cannot withdraw a free bet. A free bet has to be used in your preferred sports event or the one specified in the offer.
Is there a time limit for free bets? Yes! Generally, there are time limits set for every promotion or bonus offer. After a certain period, the offer expires. So you have to be quick enough to claim it.
Is there a time limit for completing wagering requirements? The majority of the offers have a time limit set for meeting the wagering requirements. Therefore, not only do you have to use the offer in time, but you also have to complete the wagering requirements before time runs out. The free bet will expire if the time limit is over.
When can I cash out after using a free bet? You can cash out the wins from a free bet after you have met the wagering requirements.
Where to find a free bet? Numerous third party sites list down new free bet offers for you to claim before time has run out. You can also check out sports betting sites in India individually to see the free bet offers they are offering.
What are some of the most common free bet offers in India? No Deposit Free Bet, Risk-Free Bet, Free Bet Bundles, Refund Bonus etc. are some of the most common free bet offers in India.
What is a risk-free bet? When you lose a bet, sportsbooks offer you a risk-free bet which allows you to make another bet.
Will I always find free bet offers at sportsbooks? Sadly, no. Sportsbooks are constantly updating their promotions and bonus offers. So a free bet can only last a month or a week or a day. It will depend on the bookmaker.
What are the best free bet offers? Qualifying free bet offers, matched bets, bet refunds, stake not returned and Early Payouts are some of the best free bet offers.
Is it safe to claim a free bet offer? Yes, if the betting site is licensed and has apt security, it should be safe to avail any offer, including a free bet!
Wrapping Up: Free Bets
What makes free bet offers one of the most popular and straightforward offers is that you do not have to take the trouble of withdrawal. You simply use the bet and then cash out the wins after having met the wagering requirements. What’s more, every free bet offer is different across sportsbooks.
So what are you waiting for? Sign up at any betting sites with free bets and get started with your sports betting online! Hurry up now before the offers run out!