Freebet - What is it?
What are freebets? Our answers
A sports betting freebet, also known as a free bet, is a common promotional offer offered by many online bookmakers. It allows punters to place bets without financial risk, as they do not risk their own money.
A freebet is a free credit offered by a bookmaker to a punter, usually as part of a sports betting promotion or bonus. Bettors can use this credit to place a bet without having to use their own money. If the bet wins, the punter receives the net winnings of the bet, but if the bet loses, the punter loses no real money as the freebet covers the stake.
Freebets can be offered as part of welcome promotions to attract new customers, or as loyalty rewards for existing customers. Bookmakers may set specific conditions for the use of freebets, such as minimum odds, specific markets or an expiry date.
It's important to read the terms and conditions associated with each freebet carefully to understand how to make the most of it. Although freebets offer a risk-free betting opportunity, net winnings are generally subject to wagering requirements before they can be withdrawn.
What are the different types of freebets?
Freebets can take many forms, depending on the bookmakers' promotional offers. Here are some of the most common types of freebets
| Welcome freebet: Offered to new customers when they sign up, this freebet is often linked to the first deposit or bet placed. |
| First bet freebet: If your first bet loses, this type of freebet refunds the bet up to a predetermined amount. |
| No-deposit freebet: Some bookmakers offer freebets without you having to make an initial deposit. This allows you to bet without risking your own money. |
| Loyalty freebet: Reserved for regular customers, this freebet is a reward for loyalty to the betting platform. It can be offered on a regular basis depending on the customer's betting activity. |
| Event freebet: offered on the occasion of major sporting events such as championship finals, international tournaments or major sporting events, this freebet encourages punters to place bets on specific events. |
| Referral freebet: Some bookmakers reward customers who refer new punters with freebets once the referral is confirmed. |
| Refund freebet: If a specific event occurs during a match, such as a goal scored in the last few minutes, some bookmakers may offer a freebet to compensate punters for their losses. |
| Freebet mobile: Offered to encourage users to bet via mobile applications or optimized mobile platforms. |
What is a 1st bet freebet?
A first bet freebet is a common promotional offer from many online bookmakers. It's a form of welcome bonus that allows new customers to place a first bet while limiting the financial risks in the event of a loss.
A first bet freebet offers new customers the chance to place a risk-free first bet up to a certain amount specified by the bookmaker. If the first bet loses, the bettor recovers the amount wagered in the form of a freebet, usually credited to the bettor's account.
The first bet freebet works as a kind of insurance for the bettor's first bet. If the first bet wins, the bettor will receive the winnings for that bet. If it loses, the bettor will receive a freebet worth the amount bet, up to the maximum amount specified in the offer.
Each first bet freebet offer has specific conditions that need to be taken into account, including minimum odds, authorized markets and the duration of the freebet's validity. The aim of a first bet freebet is to encourage new players to sign up and try the services of a specific sports betting site.
What is a loyalty freebet?
A loyalty freebet is a form of reward offered by some online bookmakers to their existing customers, in recognition of their ongoing loyalty. Unlike first bet freebets, which are generally offered to new customers, loyalty freebets are intended to reward regular punters. Here's what a loyalty freebet is
A loyalty freebet is a bonus offered to a bookmaker's loyal customers as a reward for their regular betting activity. Loyalty freebets can take different forms, such as free bets or betting credits, and can be offered on a regular basis, for example weekly or monthly, depending on the bookmaker's policy.
These freebets are generally awarded on the basis of the customer's betting activity, such as the total amount wagered over a given period or the number of bets placed. Loyalty freebets may be subject to specific conditions, such as wagering requirements or minimum odds for selected events.
Loyalty freebets are part of bookmakers' customer loyalty strategies, aimed at encouraging punters to remain loyal to their platform by offering attractive incentives and recognizing their ongoing commitment. It is advisable to consult the specific terms and conditions of each loyalty freebet offer to understand how best to use it.
Example of freebets with minimum odds
Minimum odds for freebets can vary from bookmaker to bookmaker, and these requirements are usually specified in the terms and conditions of each promotional offer. Here are some typical examples of minimum odds you might encounter when using a freebet:
Example 1: A freebet offer might specify minimum odds of 1.50. This means that the odds of the event on which you place your freebet must be equal to or greater than 1.50 for your freebet to be valid.
Example 2: A bookmaker may require minimum odds of 2.00 for the freebet to be used. This means that the odds of the selected event must be equal to or greater than 2.00 for the freebet to be taken into account.
Example 3: Some freebet offers may have stricter requirements, such as minimum odds of 2.50 or more. This means that only bets with odds equal to or greater than 2.50 will be eligible for freebet use.
It is important to read the terms and conditions of each freebet offer carefully to understand the specific minimum odds requirements associated with that offer. Minimum odds are generally in place to ensure that freebets are used responsibly and on events offering a certain level of balance between risk and potential reward.
