These offers are particularly attractive when choosing an online bookmaker. But how do free bets actually work? If you read the bookmaker’s terms and conditions, you will know that there is no such thing as a free lunch. Read on to learn more about the concept and drawbacks of free bets.

Some of these online bookmakers offer a $25 free bet offer to new accounts. After carefully examining the offer, you will find in the terms and conditions that you will still have to pay for the bet yourself and must place at least one bet at odds of at least 2.00 or over four levels. They will then offer a $25 ‘premium’ for this bet.

In fact, the online bookmaker is telling you to bet with your own money before they offer you anything. If the odds are 2.00 or higher, the chance of winning the bet is less than 50%.

Drawbacks

Free bets usually require you to bet the same amount of your own assets as the bookmaker. The bookmaker tempts you to bet on low margin or underdog markets. To withdraw, you will need to bet more than once. After this condition is met, you can only withdraw your winnings after you have wagered four times the original amount of the bonus, and after the bet has been paid out. Even after receiving the $25 bonus, you must continue to wager up to $100 of your own money in order to withdraw.

More money, more conditions

Some bookmakers try to attract customers with high amounts of free bets. This is not a free gift, to get the bonus you have to bet $50 to meet the bookmaker’s conditions, then bet $50 4 times in a row to get the second $50. keep betting $50 and they will give you another $50, and finally you have to bet $50 10 times in a row to get $250. the whole scheme requires the player to bet $1,000 on his own to get the $250 worth of free bets. The chance. Don’t forget that all bets must have a minimum payout of 1.50. What else can you get from a $250 free bet?

Some other bookmakers offer high priced free bets in a different way. They offer up to $200, but with a deposit of the same amount and a minimum of 1.50 odds on the event. You will need to re-wager your total deposit amount and bonus three times before you can withdraw any money. This means that after depositing $200, you will need to wager $1,200 ($200 deposit3 + $200 bonus3) in order to make a withdrawal.

No Risk Betting

Risk-free betting is a slightly different type of offer, but it’s also full of trickery. Only after you lose your first bet (by a certain amount) do you get the chance to place a free bet. Essentially, the money is returned to you. However, this is not as simple as it seems. The so-called risk-free betting requires you to bet with your own money, and then you must bet a higher amount than the risk-free bet in order to make a withdrawal.

Some bookmakers offer $10 risk-free bets, but you must first bet $10 of your own money on a bet with odds of at least 2.00 before you can receive the $10 bonus. Before you can withdraw, you must roll over your winnings three times and bet at odds of 2.00 or more.

Conclusion

Don’t waste your time and money. These offers are just a waste of time and money. If you want your money back again, you must take the time to understand the full terms and conditions, however the poor odds offered by these bookmakers will only cost players more in the long run.

How do free bets work?