Free Betting Explained
There are now more ways to gamble than ever. You can visit a traditional bookmaker, or you can go online for a huge range of betting options. One of the most attractive aspects of online betting is the various offers that online bookmakers use to entice customers, such as free bets.
What is a Free bet?
However you gamble, you need money to make a bet; however, more and more companies give free bets to new customers or to existing customers to reward their loyalty. For example, one company might offer you a free bet, i.e. crediting your account, simply for signing up.
Technically speaking, there’s no limit on the nature of free betting. For instance, a free bet could be made on sporting events, on bingo or on betting on the outcome of reality TV programmes. The factor that links free bets is that you don’t put forward your own money.
Why Do Bookmakers Offer Free Bets?
In other words, what’s in it for them? It’s a good question, the old adage says the house always wins, so what’s the truth about free bookmaker bets?
Basically, the bookmaker is rewarded because you sign up with their company, and so are fairly likely to make more bets in the future. Often, there’s no pressure to make paid bets, but you might decide to do so of your own volition.
A free bet can be made just like any other bet, so essentially there is nothing to lose.