Sports Betting Free Bets
When you open a player account on any of the online betting sites, your will receive a welcome bonus from the sportsbook.
Free bets are what the packaging says, most of the time. You get a free wager to place on a sporting event, and you get your winnings in real money, as simple as that.
Free Bets No Deposits Bonus
It’s quite rare that you get an online sportsbook free bet with no deposit, but these sportsbooks do exist. Here at Bonusfinder, we’ve listed the best no deposit free bet bonuses for your benefit.
|Online Sportsbook||Free Bet Offer||Promo Codes|
|Unibet||3x $10 free bet||None Required|
|Borgata Online Casino (NJ Only)||$20 no deposit free money for betting||None required|
|Caesars Online Casino (NJ Only)||$10 no deposit free money for betting||Sports300|
In our opinion, the best no deposit free bet offer is Unibet’s 3x $10. You can spend two of the free bets any way you choose, and the last you must use on live betting.
Different Free Bet Types
There are many different types of welcome promotions. These offers can be match bonuses, free bets, risk-free bets, profit boosts or just no deposit money, that you can use when placing your bets.
We have listed the most common types of promotions when betting online:
- Risk-free bets
- Free money
- Deposit bonuses
Risk Free Sportsbook Bets
How does this type of a bets bonus work? You claim an offer, make your initial deposit and you get your stake back on bonus funds if your bet loses.
For example, sportsbooks like PartyCasino may offer a risk-free wager for the New England Patriots to win the Super Bowl up to $20. If the Pats win, great, you win your bet – if they don’t, you’ll still get your original $20 credited to your account.
The Best Risk Free Bet Offers
|Online Sportsbook||Risk Free Bet Offer||Promo Codes|
|Pointsbook||Up to 2x $500 risk free bet||None Required|
|Unibet||Up to $600 risk free bet||None Required|
|BetMGM||Up to $500 risk free bet||None required|
The competition in the US online gambling market is so hard, that sportsbooks offer ridicilous offers to new customers. Of the above, Unibet and BetMGM only require a 1x wagering requirement on the risk-free bet, before you can withdraw winnings. That’s borderline insane.
Well, this one is more easy to explain. Some of the bookmakers offer new customers a small amount to try out the site with. Usually, free money offers are given before the 1st deposit and are given out as betting credit or balance on your account, with very low rollover requirements attached.
You could say that the regular sign up bonus can be considered as a free bet. These ‘deposit free bets’ are, in general, bigger than the normal free offers. Your first deposit is matched by the bookmaker, so you get double the amount to play with. There are many things to take into account since some restrictions apply. Sometimes online bookmakers offer reload bonuses to existing customers, too.
The best sports betting deposit bonuses are offered by the following sites:
|Online Sportsbook||Deposit Bonus Offer||Bonus Codes|
|DraftKings Sportsbook||%20 up to $500||None Required|
|Caesars Online Casino||100% up to $300||SPORTS300|
|BetVigtory Sportsbook||300% up to $150||None Required|
|William Hill||200 - 250% up to $500 Free Bet||BONUSFINDER500|
Choosing the best offer depends on whether you want the most money or the cheapest money. DraftKings Sportsbook only matches the bonus up to 20%, so you need to deposit $2,500 to earn the full $500 bonus. On the other hand, the upcoming BetVigtory Sportsbook offers a 300% bonus up to $150.
William Hill also stands out from the pack by a monster free bet offer. It’s not a risk free bet, nor is it a deposit bonus. Rather, they give you a 200 – 250% deposit match free bet. You get the best value for your money by depositing $100. By depositing $100, you get a $250 free bet. Just remember to use the BONUSFINDER500 code.
There are many types of betting offers, and sometimes the terms are a bit tricky to understand. What makes it more difficult is that there are many different types of offers. Many bookies have different rules on their welcome offers and promotions for loyal sports bettors.
Deposit Bonus Offers Explained
You have to read the terms carefully, as always, but this is especially the case with deposit bonuses. Here are the key things to consider when selecting your new customer free bets:
Wagering or rollover requirement means that how many times the bonus amount you need to wager with qualifying bets. This means that some promotions have terms defining the minimum odds to count as a qualified bet. Only qualifying bets to contribute towards the rollover requirements. Before you have met the requirements, your accoung balance will have withdrawal restrictions.
Minimum deposit (deposit min) defines the amount you need to deposit in order to receive the bonus. When you have made a qualifying deposit and bonus will be added to your player account.
There is always a time frame when the bonus is valid. You have to claim your offer before it expires and make enough of matched bets towards the rollover requirement. Usually, these bonuses have from few to 30 days expiry time. This also highlights the importance of checking the offer terms when you evaluate different sportsbook bonuses. It’s worth noting, that the bonus is fulfilled only after your last bet expires, not when you place it.
Free Sports Bets – Conclusion
Most of these offers are for new customers, but sportsbooks sometimes give free bets for existing customers as well. These offers are towards a major sporting event or apply only to selected games. The start of the premier league, the Champions League final, March Madness, Superbowl or Grand National are events that usually bettors get something extra with.
If you want to get most bang for your buck, you take advantage of multiple welcome bonus offers. Furthermore, by placing cautious bets with offers that have low wagering requirements, you can easily double your bankroll before you move on to more risky bets.
Free Bets USA FAQ
- What are free bets?
Free bets are bets that a bookmaker gives either on sign-up or when you've been their customer for some time. Typically an online bookie matches your wager with a free bet of the same size. The stake is pre-determined.
- What are risk free bets?
Risk free bets save you from losing your bet altogether. When an online bookie offers a risk-free bet, you'll get refunded if you miss your bet. To gain the best value, you should sign up & deposit at as many online bookies as possible.
- Is risk-free bet the same as a free bet?
It's not. When you get a risk-free bet, you'll need to deposit and bet first. If your bet doesn't hit, you'll get your stake refunded, and you can bet again. With your free bet, you can bet for free. These offers are often much smaller than risk-free bets.