Free bets are popular among betting sites in India as well as the rest of the world. They are offered in the form of a welcome bonus by betting firms in a bid to lure new customers. Free bets could also be packaged as loyalty rewards for existing customers.
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What is a free bet?
Whenever you want to bet, you have to stake a set amount of money on your carefully assembled selection. But when it comes to free bets, the betting site pays the stake for you. Bookmakers use free bets to attract or reward punters.
How do free bets work in India?
Free bets adhere to a particular set of guidelines. You might be required to meet certain terms and conditions to use your free bet. Once a free bet is granted, a player just needs to add their selection on a betting slip. This isn’t any different from how you usually put together a bet list.
If your account is funded, you need to search for the “use free bet option.” Once you click on it, your bet is successfully processed. Whenever a free bet is offered in the form of a bonus, you should make your selections and place the bet using the bonus funds.
Do all Indian betting sites offer free bets?
Given that there is a plethora of betting sites in India, the competition for customers is stiff. Therefore, most Indian betting sites offer free bets to their punters in one way or another. The ultimate objective is to draw new bettors to their sites or reward existing punters.
Apart from that, betting sites use free bets to motivate first-time bettors. This is done in the hope that these bettors will use the free bets to gain much-needed confidence, and later becomes ardent gamblers.
Free bets vary from one site to the other. Some are easy to use while others are complicated and sometimes discouraging. For example, punters may be required to roll over a free bet multiple times so that they can withdraw their winnings.
What can I use my free bet on?
This depends on the terms and conditions attached to the free bet. One betting site may limit its free bets to sports, while another may allow punters to use a free bet on all games available.
Can I withdraw money I won on a free bet?
Some betting sites will allow you to withdraw winnings resulting from a free bet right away, but most free bets have wagering requirements. For example, a betting site may stipulate that you have to wager your winnings numerous times before withdrawing. Another common directive is that you can withdraw your winnings less the free bet amount.
Types of free bets
Deposit bonuses are common types of free bets. Betting sites award this kind of free bet right after punters make their first deposit. Usually, the site will give you a bonus that is equivalent to your first deposit. For example, if you deposit 1200 INR, you’ll receive an extra 1200 INR from the betting company.
These types of bets are used to encourage more Indian players to register and deposit money to a certain betting site.
No- lose bets
A no-lose free bet is given when you place your first bet and lose. It serves as a reimbursement for your lost original stake. This free bet takes the risk associated with losing your stake away.
If you want to take advantage of this type of free bet, it is imperative to read the terms and conditions attached to it. For example, a bookmaker may attach a minimum odd on the offer. In this case, you might be asked to back a selection with a minimum odd of 5 to qualify for the free bet.
Multi-step free bets are a bit complex. They have strict terms and conditions. This free bet is awarded in stages. You may be required to stake progressively to unlock a fraction of the total offer gradually. Usually, the betting firms promise to give a free bet after you hit a set of staking milestone. The free bet may increase as you continue reaching these milestones.
Stake returned bets
Stake returned best are not popular among bookmakers. A stake return bet is where the winnings plus your original stakes are credited to your account. For example, if you stake 1000 INR on a selection of 3 odds and win, you will be awarded 3000 INR. That is a return of 2000 INR and the 1000 INR original stake.
A matched free bet can either amount to the money deposited in your account or money staked on a particular bet. The bookmakers set the limit on the amount they want to offer as a matched free bet. This may range from 10 % to 300%.
Loyalty free bets
Some bookmakers are keen to reward their loyal bettors with free bets. For instance, if you bet with 5000 INR in a week, the betting site may choose to reward you with a 1000 INR free bet.
Regardless of the limitations that are sometimes attached to free bets by bookmakers, free bets are beneficial to punters. That is why many Indian bettors are eager to register and bet with sites that offer various bonuses.
The idea of a risk-free bet is irresistible to bettors. It allows the punter to take huge risks in terms of betting. If you use a free bet strategically, you can turn a profit without investing your own money.
A free bet allows punters to try their luck on betting ideas. These are risks that punters aren’t willing to take using their own money. Using a free bet to try out new strategies allows bettors to hone their skills. If you are a first-time punter, a free bet presents the perfect opportunity to learn new tricks.
Free bets will come in handy once in a while. It is prudent to always register with betting sites that will give back to you. You deserve the opportunity that’s brought about by a free bet in your gambling endeavours.