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It’s no surprise that only the most experienced sports betting enthusiast has an opportunity to make a profit against the house in the long term. However, for the rest of us, there are more than enough chances to turn the odds in our favor in the short term.
The easiest way to achieve this is to take advantage of the free sports bets and other no deposit offers and bonuses available to new sportsbook players.
Most regulated online sportsbooks have free money offers that are custom made for new players to place the odds in their favor temporarily.
With more sports betting sites coming online every day, you should understand the potential of the bonuses available to you.
Whether you want to find a bonus or promo code to claim one of these offers, or you are combing the fine print to understand the playthrough requirements, we at PlayUSA have you covered with our comprehensive guide to bonuses available at online sportsbooks.
Top online sportsbooks with Free bets
How free bets work
Free bets sound too good to be true. Do sports betting sites really offer free money to their players? The simple answer is yes.
A free bet as an opportunity to place a wager without any risk, and receive a payout on the net winnings if you have a winning bet.
The main difference between a regular bet and a free bet is that you don’t need to contribute the stake when it comes to a free bet. Therefore, you won’t receive the stake as a refund along with your winnings if you have a winning bet.
There’s nearly an infinite supply of free bets available at reputable online sportsbooks. The easiest way to claim a free bet is to register for a new account with an online bookmaker. Reputable sports betting sites utilize free sports bets to encourage fans to register a new account and eventually make a deposit.
Online sportsbooks hope that by giving you something for free up front, you will continue placing bets on their site. This explains why you need to sign up for a new account and register a valid payment method before you receive your free bet.
How to claim the offer
To claim a free bet offer, most sports betting websites require a bonus or promocode.
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Alternatively, you will need to make a minimum deposit before the free bet offer is credited to your account. However, the use of a bonus or promo code is one of the most popular methods utilized by online sportsbooks.
Should an online bookmaker require a code, you will need to provide it during the registration process or when you make your initial deposit. This process all depends on the nature of the bonus you wish to claim.
The promo code field is usually on the deposit or registration page. Once you locate the box, you enter the promo code that is associated with the free bet offer or deposit bonus before completing the registration or deposit. The bonus will then be credited automatically after that.
If you are on a sports betting site that doesn’t require a promo or bonus code, you need to gloss over the promo code field that is usually optional.
Please take note that you’ll still need to opt-in for the free bet or deposit offer to receive the bonus. This rule usually entails clicking on the “Deposit Now” or “Opt-In” button on the bonus or promotional page.
A promo or bonus code is essentially a coupon. However, instead of offering a discount on your purchased goods, it allows you to receive a better bang for your buck.
There’s plenty of online sportsbooks that offer unique promo codes. However, because we create our exclusive promo codes that are more generous when compared to the public offerings, we highly recommend that you shop with us first.
Types of free bet bonuses
You can treat yourself to a variety of free bet bonuses and promotions at some of the best sports betting sites in the industry.
To help you differentiate the types of free bet bonuses at reputable online sportsbooks, we will cover some free bet offers.
Risk-free bets can be an excellent foundation of matched betting profit. This type of free bet will allow you to place a bet knowing if you lose, you’ll receive the money back in the form of a free bet, cash prize or even a bonus.
However, a risk-free bet will require you first to make a deposit and place a bet with your money before a risk-free bet will come into effect. For instance, most sports betting sites will offer a $10 risk-free bet promotion. However, you will first need to wager $10 of your money. Also, your bet needs to be on minimum odds of 2.00 or higher.
Should you lose your $10 bet, you will receive $10 as a bonus back into your account only if you meet the wagering requirements. The bonus amount you receive must then roll over a couple of time at 2.00 odds of higher before you can withdrawal it.
Alongside deposit bonuses, free bets are the most popular form of bonuses in the online betting industry, especially to new players.
Free bets can be seen as wagers you can make on the house’s expense. As a rule of thumb, you can only withdraw the winnings made from a free bet, and will not be able to cash in the free bet amount as well.
You can spend your free bets in an assortment of betting types. For instance, you can use your free bet amount to place a moneyline favorite during an NHL match, or you can use your free bet on a four-leg parlay if you want to take a risk. Either way, there’s nothing to lose.
Free bets can come in a variety of shapes and sizes to accommodate all betting preferences. These include:
Match bet offers
A match bet offer can also be regarded as a risk-free bet. It’s a smart way to promote a risk-free bet.
You will need to wager your hard-earned money before a match bet offer will take effect. Should you lose your first chance, the online sportsbook will credit your account with the same amount your wagered, up to a certain percentage.
Most online sportsbooks usually promote a match bet offer of 100% of up to $500.
Free bet no deposit offer
No deposit free bets are free at most online betting sites. As an entirely free bet, there will be no need to make a deposit to claim the no deposit free bet.
It should come as no surprise that a no deposit free bet amount is usually minimal. For instance, most online sportsbooks will offer a no deposit free bet that ranges from $5 up to a maximum of $10.
Should you win with a no deposit free bet, please note that you won’t be able to cash in your winning immediately either. You will need to wager your winnings 10-15x to meet playthrough requirements.
Deposit match bonus offer
At an online sportsbook, a deposit match bonus mainly works the same way as a deposit bonus at an online casino.
Once you register for a new account and make a deposit, the online sportsbook will match your deposit, usually up to 100%. However, instead of the unachievable 40x wagering requirements at online casinos, sports betting sites will typically feature an easier way to meet playthrough requirements on the deposit match free bet offer.
Most online sportsbooks’ playthrough requirements are only one time. That is fantastic if you want a bonus with feasible wagering requirements that will allow you to cash out in a short time.
Advantages of free bets
The best advantage to claiming free bets at online sportsbooks is you’ll be able to test drive the sportsbook to ensure it’s smooth and reliable before making your initial deposit. You will also discover which sporting events and betting types are available on the sports betting site.
Apart from not having to spend your hard-earned money first, another advantage is you can place a bet absolutely risk-free. Furthermore, even if you do have to spend your money first, you can still be awarded a risk-free bet should you lose.
Last but not least, another advantage is you can prolong your betting experience by increasing your bankroll. Essentially, this allows you to make more bets than usual, which could lead to being more profitable.
Disadvantages of free bets
Although there are several reasons to take advantage of free bets at online sportsbooks, they do come with a handful of disadvantages as well.
For instance, most of the free bets have various terms and conditions that you must meet before you can cash in on your account. These terms and conditions are usually difficult to reach and will cause headaches if you wish to use them to profit on your account.
Apart from the terms and conditions, you will also notice that free bets offer little value or the amount you’ll receive in your account. Most free bet offers tend to range between $5-$10 as a no deposit free bet. If you find a higher offer, you will usually need to make a deposit first to receive the free bet credits in your account.
Also, most free bet offers come with restrictions that we’ll discuss in-depth.
Every sportsbook promotion, whether it’s a no deposit free bet or a deposit bonus, will have a variety of restrictions you will need to know before you claim the offer.
Unfortunately, this means you will need to comb through the terms and conditions to find out what you can and cannot do with your bonus.
Fortunately, here is the list of typical restrictions to make your free betting life easier on you:
No splitting: Most of the free bet offers at sports betting sites cannot be split in any way. For instance, should you receive a $20 free bet, you will only be able to make a single bet of $20. Also, you are limited to one betting market.
Restricted odds: Free bets are also restricted by odds. Essentially, this means you will need to look for specific odds for your free bet to qualify. Even the best free bet offers require you to place a wager on odds no lower than 1.5 to meet the requirements.
Maximum win: Most free bet offers have restrictions on the amount you can cash in. For instance, a no deposit free bet offer will have a cap of around $200 that you can cash-in once you meet the playthrough requirements.
Time-sensitive: Most free bet offers will be available for a limited time. Once you register for a new account and claim the promotion, it may only be available for seven days before it expires.
Online sportsbooks offer bonuses as a way to draw in new bettors and retain existing customers. They provide a variety of deals to accomplish this goal.
Risk-free bets are definitely among the most popular offers. In fact, many betting sites provide risk-free wagers as welcome bonuses.
Assuming you’re new to the online betting world, you might be wondering what a “risk-free bet” entails. The following guide discusses how these wagers work along with what you can do to take advantage of them.
What Is a Risk-Free Bet?
A risk-free bet theoretically allows you to place a wager without assuming any risk, hence the name. You make the bet and wait to see if you win or lose.
Nevertheless, the fact that you have an opportunity to recover losses makes risk-free wagers special. After all, you don’t stand any chance to get your money back when losing a regular bet.
Where Can You Find Free Bets?
Numerous betting sides offer risk-free wagers. They typically provide these deals in the form of welcome bonuses.
Here’s an example on how these bets work when they’re part of welcome packages:
- An online sportsbook offers a risk-free wager worth up to $50.
- You place a deposit.
- You’re now qualified to get up to $50 in losses back from the offer.
Again, countless online sportsbooks feature risk-free bets. You shouldn’t have any trouble finding a bookmaker that offers one of these deals.
You can either visit betting sites directly to see if they offer risk-free wagers or check out an affiliate site. Affiliates are particularly helpful because they list a number of risk-free bets in one spot.
Steps to Getting and Using Risk-Free Wagers
The top online sportsbooks do their best to make the process of getting risk-free bets a smooth one. Nevertheless, you may want some help in figuring out how to pick up these wagers. The following steps explain how are you can take advantage of risk-free offers.
Step 1: Find an Online Sportsbook With a Risk-Free Bet
You essentially have two options for finding risk-free bets:
- Visit internet sportsbooks directly.
- Visit an affiliate that lists various risk-free deals.
In the first scenario, you simply need to visit a betting site. Assuming the online sportsbook offers a risk-free bet, then you should immediately see it on the front page.
As for affiliate sites, they promote a variety of online sportsbooks and list associated risk-free bets. In this scenario, you can just visit the betting site that you’re interested in through the provided link.
Step 2: Find a Bonus Code (If Needed)
Some online sportsbooks require you to use a bonus code to qualify for a risk-free bet. Bonus codes indicate which offer you’re interested in.
Here’s an example:
- An online sportsbook offers a risk-free wager worth up to $25.
- The code for this bonus is “BET25.” You decide to go for this deal.
- The bookmaker requires you to enter code BET25 when completing registration.
Not every betting site forces you to input a bonus code. For those that do, though, you want to be sure and enter the appropriate code when signing up.
Step 3: Complete Registration
The registration process involves entering all required information and verifying that everything you’ve offered is correct.
Common information that bookmakers ask for includes your name, email, mailing address, username, and password. Betting sites in regulated markets (e.g. New Jersey) commonly ask for the last four digits of your Social Security number, too.
After completing the registration form, you must agree to the bookmaker’s terms and conditions and submit the form. The online sportsbook (should) instantly approve your account.
Step 4: Place a Deposit (Without Neteller or Skrill)
You must place a deposit before qualifying for a risk-free wager. To do this, you visit the sportsbook’s banking section and look for available deposit methods.
Most betting sites accept several of the following options:
- American Express
- Bank transfer (ACH)
- Discover Card
- Western Union
Once you choose a banking method, you just need to enter the deposit amount and confirm the transaction. If you use a credit card, then your funds will arrive instantly so long as everything is approved.
Step 5: Place Your First Wager
After depositing, you can place your first bet and take advantage of the promotion. In some cases, you may need to “claim” the wager from your account before using it.
One of two scenarios will happen when you place a bet:
- You’ll win and collect your payout.
- You’ll lose and have an opportunity to earn back your losses.
What Is The Safest Online Betting Site
The risk-free aspect refers to how you can regain losses. Of course, you’ll need to follow terms and conditions when doing so.
Satisfy Terms and Conditions
Again, you needn’t do anything if you win the risk-free bet. You merely collect your profits and move on.
If you lose, however, you’ll need to meet terms and conditions before receiving the funds back. Here are the primary terms and conditions that you must satisfy.
Rollover (playthrough) refers to the amount that you must wager before receiving losses back from a risk-free bet. It’s expressed as a multiple of the bonus.
Here’s an example on how rollover works:
- You deposit and qualify for a risk-free bet worth up to $50.
- You place a wager worth $25 and lose.
- You’re now eligible to earn the $25 back.
- Playthrough is 8x.
- 25 x 8 = $200 must be wagered
Of course, you need to satisfy other terms before getting the $25 back. But rollover is perhaps the biggest part of regaining your winnings.
Rollover Time Frame
Online sportsbooks only give you a certain period of time to meet playthrough. Many online bookmakers provide between 30 and 60 days to satisfy rollover.
The key, though, is that you’re aware of the exact time frame. Otherwise, you might take too long to satisfy playthrough and miss out on the bonus funds.
Bookmakers require you to bet at specific odds or higher when completing wagering requirements. The reason they do so is to ensure that you don’t just choose heavy favorites when meeting playthrough.
Here’s an example on how minimum odds work:
- A bookmaker requires you to bet at -160 odds or higher.
- Under these guidelines, you can place bets at -160, -155, -150, etc.
- However, you’ll lose the chance to regain losses if you wager at -165, -170, etc.
It may go without saying, but you at least need to place the minimum wager when using a risk-free bet. If the bookmaker requires you to at least make a $10 wager, then you can’t bet any less than this amount when using a promotion.
Risk Free Online Betting Sites
Of course, you stand to benefit more by wagering up to the cap of a risk-free offer.
What Is Risk Free Betting
Some bets are only available for specific markets. For instance, an online sportsbook may offer a risk-free wager for esports only.
The primary motivation behind market restrictions involves getting you to try something different. By forcing you to bet on esports, the bookmaker is funneling you to a new market.
The process of getting risk-free bets isn’t overly difficult. You start by finding a bookmaker that offers a risk-free wager.
From here, you sign up for an account and place a deposit. Depending upon the bookmaker, you may need to use a bonus code, too.
Risk Free Online Betting Games
In the event of a win, you’ll collect winnings and boost your bankroll. A “loss,” meanwhile, isn’t actually a loss because you can still earn the money back.
Risk Free Online Betting Websites
In summary, risk-free wagers are definitely worth taking advantage of. They give you the confidence of placing a bet while knowing that you can regain the potential losses later.