Out of the many advertising strategies used by fantasy football betting companies, free bet offers are among the most popular and effective ones.
They’re used widely by bookmakers all over the world, both for attracting new players to their platforms as well as keeping hold of existing customers.
The idea is simple: when you join a site or make your first bet, you will be offered the chance to receive a free bet bonus.
Case in Point
For instance, if you make an initial deposit of £20 and then place your first wager on England v Wales in Saturday’s Six Nations league, there is every chance that the betting company will offer you a £10 ‘welcome’ bet as a gesture of goodwill.
However, the fact that betting companies use such a lucrative advertising strategy is not enough to make you want to accept it. It’s important to understand what exactly free bets are and how they work before taking any decision about them.
There are many things which need to be taken into account when considering whether or not to accept a free bet or bonus. Who is offering the bet? What kind of odds is it giving? How much do you need to place on your first bet? There are some of the questions you will have to ask yourself before saying yes to free bets.
Free Bets Explained
When a bookmaker offers you a free bet, they’re really offering you a no-deposit bet. In other words, your bets will not be deducted from the amount of money you initially deposited.
However – and this is very important – they are offering nothing more than this: no free bets, bonuses or additional cash in any way. The advantages that you usually get with such offers (for instance higher odds or extra bet credits) are not a part of no-deposit offers.
As mentioned above, sometimes – instead of offering a no-deposit bet – betting companies let you choose how much cash you want as a reward for joining their platform.
For example, you may deposit £100 with Ladbrokes and then they would offer you £30 as ‘welcome’ bonus. You would then have the option to accept £30 free bets or keep your initial deposit untouched.
It’s important to note that it is in betting companies’ interests to get as much money from you as they can, thus giving away a good deal of bonus cash for free is not something they are willing to do easily.
Always check the terms and conditions carefully before accepting any offer and make sure you understand them thoroughly. You should know what will happen with your deposited cash if you decide to take part in such a promotion.
Factors to consider when choosing a safe free bets site
- Minimum and Maximum Stake
This is a key factor to consider when choosing free bets offers from the best sportsbooks such as those listed at safebettingsites.com. How much is required by the bookie as a minimum bet?
It’s also important to assess the maximum stake because some might be too big for you to place at one time while others would make it difficult for you to earn enough stakes within the stipulated time frame.
- Customer Support
This is a vital factor to consider when choosing an online sports betting site with free bets. Their customer support system because they are available 24/7. This is to ascertain that you will get help in times where you need it most.
It’s good that you know what their level of customer support is like because this would help keep up with any problems or issues that might arise while making deposits or withdrawals on the site.
- Trustworthiness
The trustworthiness is another factor that should guide in your selection of a free bets site. You want to know whether they have been around for long or not and what their reputation among players is like.
- Relevance of Odds
This factors also matters very much because you want the odds offered by different sportsbooks to be competitive. No one wants odds that are either too high or too low. So, it’s very important that you check on this before choosing a fantasy betting site.
- Payment Methods
This is another very important factor that should guide in your selection of an online betting site because there are sites that accept only certain payment methods.
- Banking Transactions
You also need to consider the banking transactions because some sites don’t have partnerships with banks in your location. So, you will have to choose one that accepts local payment methods and banks.
Free Bets Risk?
Betting companies are usually trying to attract new players by giving them a nice incentive, so they give away free bets in the hope that you will win your first bet and become a long-term customer. In this way, betting companies are not risking much at all – their main goal is to make money!
However, odds always lie and there are many examples of situations where people got confused with bookmakers’ slogans like ‘fair play’, or ‘the best odds guaranteed’, which led them into making very risky decisions.
Conduct Thorough Research on the Site Before Claiming Free Bet Offers
Many people don’t understand what they’re getting themselves into when accepting these types of offers. The main reason for this is that betting companies mask their big business plan behind fancy advertising campaigns and attractive offers in order to lure more customers to their platform.
Free bets are a great incentive. With the help of free bet offers and betting systems, most people can actually win their first bet and then keep all the money they deposited before making any wagers.
So, what are you waiting for? Use the tips shared above to look for a nice bonus to add excitement to your fantasy sports career. As mentioned, not all betting freebies are worth your time. Only pick bonuses with great terms.
