Nowadays, there are many bookmakers that operate online. Each bookmaker has their unique sportsbook and unique offers ready for their customers. That being said, it’s a competitive market and each bookmaker must have a solid strategy that will allow them to attract new customers and retain existing ones.
For example, uk free bets are quite appealing for the customers, which the bookmakers are aware of. They will therefore, create a unique offer that consists of free bets. This will encourage potential customers to at least try out the bookmaker’s services and hopefully they’ll convert into paying customers afterwards. With that in mind, here’s everything you need to know about free bets.
What is a free bet actually?
Simply put, a free bet allows potential customers to bet for free. They don’t have to make an investment, except maybe making a first deposit. It all depends on the bookmaker. For instance, you may find a 20 free bet, no deposit welcome bonus.
That means you only need to create an account and register on the bookmaker’s website and you’ll get 20 free bets as soon as you complete the registration process. A regular bet, on the other hand, would require you to make a deposit and invest a certain amount of money in order to place a wager on a specific game, team, outcome and so on.
Are free bets really free?
Yes and no. Free bets allow you to try different sports, betting options and odds the bookmaker has to offer. You can withdraw any winnings you manage to earn playing free bets. However, in order to do so, you have to meet the wagering requirements. Every bookmaker has wagering requirements.
It’s a company policy that prevents money laundering attempts and it’s also a regulation bookmakers must comply with to get licensed. A wagering requirement means that you must wager your bonus or winnings from free bets a certain amount of times on specific bets with specific odds so that you’re able to cash out.
How do wagering requirements work?
Simply put, you have to do something specific the bookmaker requests of you so that you can withdraw your funds. Keep in mind that wagering requirements only apply to welcome bonuses and free bets.
For instance, let’s assume your welcome bonus consists of 20 free bets with x5 rollover condition. Rollover or turnover is a different name for wagering requirement. Therefore, everything you win from your 20 free slots must be additionally wagered at least 5 times before you can cash out. Moreover, the bookmaker can impose additional requirements.
For example, a 20 free bet bonus with x5 rollover on odds 1.5 (½) or greater. That would mean you have to wager your bonus five times on bets that have specific odds, such as 1.5 or greater. After you’ve done this, you can withdraw your funds or continue playing as usual, it’s up to you entirely.
Closing Words
Free bets are, indeed, free. They allow you to try different betting types and sports the bookmaker has to offer. However, you can’t simply cash out and leave. You have to meet the specific requirements to do so. It’s a give something to get something scenario.
