Free Bets Explained (and top free bets lists for 2023)
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It’s very common today for many gamblers to go for online betting methods. There is a great portion of gamblers that search and exchange advice in online sports gambling forums to gather peer or expert opinions regarding a specific game. If you are smart and proactive, you have the chance to stake for free without sparing a penny, just by using free bet codes, all valid and tested for 2023
What is really a “free bet”?
A free stake is essentially a bonus stake that an operator grants you upon registration. Prior getting this bonus bet, you must first place a deposit and play through your funds. In case your bet has been deemed as lost, the bookie will refund you the total lost value.
In many cases, the funds granted by the respective bookie are subject to rules and conditions and you can not directly cash out the amount from your account, just a few minutes after you get it.
Be cautious as there is a difference between a free bet and bonus upon your initial deposit.
A typical bonus is a specific amount of funds you’ll receive upon your first deposit. This is equal to a percentage based on the amount added by the gambler like 50% or 100% depending on the current special. By getting a free bet, you can also regain partially or fully the value of the bet you’ve played and lost.
What kind of promotion is more lucrative in 2023?
This a pretty tough question as different gamblers have different needs. In any given offer, there are strengths and weaknesses. A free stake allows you to add a large amount of funds in a single bet selection because you are backed-up in case that bet is lost. But if your pick win, you can then get a large amount of money from one shot. Only the free bet bonus though can recover back the value of your lost bet.
The typical bonus amount is given during the first stake irrespective of the outcome. It’s not possible to win a large amount of money with a single shot, but you’ll have to add more cash to wager on sports gambling. A seasoned player will most likely go for such offer because the rollover happens naturally and progressively.
Just like the rest of the specials, free stakes have both strengths and weaknesses.
The strengths are as follows:
- Any new user can opt for a free stake or a 100% cash match bonus during your initial deposit.
- If we compared this to traditional bookies, the value of your funds is 2X
- The bonus will vary depending on how devoted player you are
- In case this is your first time betting online, the free stake bonus will prove useful. You can only spare a small amount of your money and then take advantage of the bonus and the types of free bets on offer.
The weak points of free bonus bets:
- Free Bets are given only in case you lose your first bet
- You have to make a stake in a certain range of odds (e.g min). In case you’ve lost your first bet, you should rollover your funds many times before cashing out.
- Some operators also demand that you add bets in at least 3-5 games.
Breakdown of the 4 main bookies
Ladbrokes: £30 free bet deal
During adding your first bet with Ladbrokes, you can also receive a bonus worth.
To claim this bonus, you should first follow some terms and conditions–which are also the drawbacks that come with it.
You can’t add a bet at odds below the ½ range to be eligible for your free bet bonus. An extra drawback is that initiating a deposit via Neteller, Skrill, or Paysafecard does not count for this special
Check out our article about latest Ladbrokes promos.
William Hill: from £10 to £40
After creating a user account on William Hill and placing your first deposit and wager £10, you will get £40 in the form of free stakes (4 bets valued £10 each) when you play via mobile using the promo code N40.
William Hill grants this bet special to new clients, regardless if that bet wins or loses. The only terms are either to add your first bet on choices with single or progressive odds of more than ½ and rollover bonus funds sometimes prior requesting a cash-out. This can be a bit of trouble as you’ll have to repeatedly search for events at odds ½ or more.
Check out our latest article on William Hill promos.
Unibet: up to £40 money back bonus
New clients residing in the U.K are entitled to getting a £40 valued bonus as money back. Once you create and validate your account, you will then have to place a deposit and add your first bet.
Unibet has less strict and binding rules and conditions compared to other operators. Of course you’ll have to consider some rules and you can get your bonus bet amount back if your bet was lost.
Wagering requirements being 3x at minimum odds of 2 / 5 or higher for the sportsbook. For Casino bet wagering is 25x bonus amount and only one bonus can be used at a time.
Check our article about Unibet promos.
Betfred: up to £60
If you don’t currently own an account at Betfred, you can now create one and grab a £60 free stake bonus. This only applies to U.K and Northern Island residents.
Your first stake must be at least £10 in single or progressive odds at a 2.0 level or higher. In case your bet is lower or you don’t follow the single/progressive odds, you bet will be deemed lost and returned. Also, if you add a deposit with Neteller, Skrill, UKash or Paysafe, you won’t be entitled to claim the bonus.
Free stakes are a great catch for newbies but some may not give out direct profits. Even if you get something for free, there is always a hidden rule or cost behind it.
Check out our article about late Betfred promos.
Check out also Paddy Power for free bet bonus…
Last piece of advice: check out live betting sites as they have awesome value specials that are more generous there including free bet bonuses.