4 Major Types of Free Bets that You can Use to Earn Great Profit

Thanks to the increasing scams in various walks of life, people are never ready to believe when they are offered something for nothing. They either think that it cannot be true or they think that there is some risk.

Well, while being cautious is always your safest bet, it doesn’t mean that you should not even look for or listen to the potential benefits of free giveaways. There are indeed some free offers that are true and beneficial. The greatest example is free bets!

Why are Free Bets Beneficial?

Do you know that free bets are bets that cost you nothing? If you get a free bet and you win it, your winnings are turned into cash and you can withdraw it, simply as if you would place the bet with your own money. Free bets are a common lure used by bookmakers to attract new customers, and also sometimes offered to existing customers. For example, a Unibet free bet offers you £30 money back for new UK customers along with an offer to watch live streaming of more than 30,000 events for free with Unibet TV.

The industry of sports betting is becoming increasingly competitive and to remain in the competition, bookmakers have to offer free bets. You can use these free bets for your own benefit to go beyond winning or losing and be in profit in any situation.

Unibet free bet

Types of Free Bets

Let’s see what types of free bets are offered by bookmakers. Actually there is an overwhelming range of free bets offered and it may be hard to say that a particular type will be right for you. You will have to use them and find out the most profitable free bet for you for which you will need a little practice. Roughly, there are four main types of free bets.

1. Matched Free Bets

This is as such the most common type of free bet and often offered to only new customers, though sometimes they are offered to customers who have not used their account for a long time. When a customer opens an account at a bookmaker and makes a deposit, the bookmaker matches that deposit with a similar-sized free bet. For example, as per a Betvictor free bet, you get £10 in for In-Play, £10 Casino Bonus, £10 in Sports Free Bets and £10 for Accas for depositing only £10.

Matched free bet usually feature a maximum and a minimum stake level and it usually relates to a particular event. The amount of free bet will appear in your account initially as a separate fund; but once it’s used, the winnings will be added to your main balance.

Betvictor free bet

2. No Deposit Free Bet

This type of bet is offered to new customers without needing them to deposit any money. These bets too are sometimes related to a particular event and other conditions may exist, e.g. minimum time limit prior to the withdrawal of any winning from the free bet.

3. Formatted Free Bet

This type of bet is not offered upon opening an account or making a deposit, but is offered only when you reach certain time-limited stages of betting. At every stage, you will have to make a bet that will be matched with an equally sized free bet; however, you cannot use the total free bet amount till the completion of all the stages.

4. Qualifying Free Bet

This type of free bet is awarded to new as well as existing customers who place a certain type or number of bets to get qualified. The qualifying bet is usually connected to something particular happening in an event, e.g. if a particular player scores a goal. If you bet on such outcomes and they don’t occur, you get a qualifying free bet which you can use in the same way as any free bet.

While using free bets like 10bet free bet that offers 50% welcome bonus up to £200 for all new UK customers on their first deposit, you should carefully read the terms and conditions. Understand their requirements like maximum or minimum bets or any time limits and free bets can be a great way to maximise your profit without risking your own money.