Types Of Free Bets
As you can imagine there are a number of different types of free bet offers. Some are more player friendly and some are more bookmaker friendly. The three types you’ll encounter are risk free, stake returned and stake not returned. Below you can take a look at each different type so you can get to grips with how they work and which to look our for.
Without wanting to sound obvious, risk free bets are exactly what they sound like – bets that ensure that you do not have to risk any of your money, but which also pay out should they prove to be winners. The only thing that you have to ensure is that you have money available in your online account, as you will need to pay for the original bet. Should your bet win, then you will receive the payout, but should your bet lose then the bookmaker will refund you the money that you initially placed. Therefore, there is no risk – you will break even with this type of bet at the very worst.
Risk free offers do not come about very often, as they are only usually offered to people when they make their first bet on a new account. They are also usually limited to a certain amount – usually £50 – but this is more than most recreational gamblers will place on a single bet. If you do bet more than this amount then you’ll only get the value of the advertised free bet returned. Well worth noting.
Before going on to answer exactly what a stake returned free bet is, it is important that we understand what the term “stake” means by itself, and it really is a simple definition. Basically, the stake is the amount of money that a person originally places on a bet, so if you place £10 on a 3/1 bet, your stake will be £10 and anything you win will be classed as your winnings.
Now that you know what a stake is, you will have probably worked out what a stake returned free bet is. It is basically a free bet that you are allowed to make by the site – usually as an incentive to sign up with them and deposit money – that, should it turn out to be a winner, returns the stake as well as the winnings. This means that if, for example, you place that £10 bet on the 3/1 odds, you will receive £30 in winnings and the original £10 stake back, therefore meaning that you profit by £40.
Stake Not Returned
When you usually place a bet at a bookmaker, you will win the odds that you have been quoted for, so if you bet £10 on a horse with odds of 5/1, you will win £50. On top of this though, you will also be given back the original stake, therefore meaning that, in total, the bookmakers will hand over £60 to you – £50 profit of which is profit.
With stake not returned free bets, the original stake that you would have had to place if it had been a normal bet is not given to you, therefore meaning that all you get is £50. Some would say that this is fair enough, as your original stake was, in effect, nothing, therefore why should the bookmakers be expected to pay you a stake that you never placed in the first place? Others, however, think that this is a bit of a cheat and that the free bets should work exactly like a regular bet would. At the end of the day it’s still a free bet just not quite as good for punters as a stake returned free bet would be.
What are the Differences Between Stake Returned and Stake Not Returned Free Bets?
Just incase you’re still not sure…
The basics of this question are probably very easy for you to work out, as the difference is that a stake not returned free bet basically means that, should the free bet turn out to be a winner, the bookmaker will only pay out the winnings and not give the stake to the punter as well. This obviously means that, at first glance, a stake returned free bet is a much better offer than a stake not returned free bet.
You have to be careful when comparing offers though, as there are times when a stake not returned free bet from one site can be better than a stake returned free bet from another. This is because it is regularly the case that the former type of bet is for a larger amount – say £15 instead of £10 – and that the winnings therefore more than make up for the fact that the stake is not given to the winner as well. It might be easy to say that bookies offering stake not returned free offers are being tight with their money, but you really have to look at the deal objectively before jumping to any conclusions.
NOTE: deposits made using Skrill and Neteller are usually banned from claiming any type of free bet or welcome bonus. If you plan to use this method then read our Skrill bonuses or Neteller bonuses pages.
How to Use Free Betting Offers
There are a number of different ways that people like to use free bonuses and all of them have their merits. Most unseasoned gamblers will treat them as exactly what they are – something for nothing. For this reason they will bet on something with high odds and if it comes in, they will win a lot of money; if it doesn’t then no harm has been done.
Other people like to be a lot more careful with the way that they use their free bet and they will often play the system to ensure that they make a profit. This can be done by backing a result on one site and then laying the same result on a betting exchange site. This means that regardless of the result, they stand to make at least a small profit. In fact, it is possible to continue this betting practice long after you have used up your free bet, just as long as your mathematics is astute!
Getting access to free money is usually a simple task. All you need to do is register with a site offering this type of bet and then deposit enough money to activate the free bet offer, which is usually going to be no more than £50. When you are making the bet, ensure that you have checked the correct boxes – if there are any – to signify that you are using your free bet, otherwise it could be a costly mistake!
There’s no best way to use free bet offers. Some like to gamble it up and some like to play it safe. The choice is yours.