Compare Free Bets: Find the Best Offers Online
I love sports betting and always look for the best deals to increase my winnings. Free bets are a great way to boost your bankroll. They let you try new markets and strategies without much risk.
This guide will cover free bets, including different types of offers and how to get them. We’ll also look at which sportsbooks offer the best rewards. By the end, you’ll know how to pick the best free bets for your betting style and goals.
Key Takeaways
- Discover the diverse range of free bet offers, including sign-up bonuses, matched bets, risk-free bets, and no-deposit promotions.
- Learn how to effectively claim and utilize free bets to boost your betting bankroll and maximize your winnings.
- Explore the top sportsbooks in the United States that are leading the charge with innovative and lucrative free bet promotions.
- Understand the importance of reviewing free bet terms and conditions to ensure you make the most of these valuable opportunities.
- Gain insights into strategies for leveraging free bets to your advantage, while maintaining responsible gambling practices.
Welcome to the World of Free Bets
In the exciting world of online sports betting, free bets are a big deal. They let new customers try out a sportsbook and maybe win money without using their own cash. This makes it a great way for sportsbooks to draw in new players and keep the current ones happy.
Free bets usually come as welcome bonuses. For instance, during the Euro 2024 tournament, you might see offers like “Bet £10, Get £30” or “Bet £10, Get £60”. These deals are a big draw for bettors.
But it’s not just welcome bonuses. Sportsbooks also offer other free bets to keep customers coming back. These can be matched free bets, where the sportsbook matches your bet up to a certain limit. Or no-deposit free bets, which you get just for signing up. Money-back bets are also popular, where you get a refund if your bet doesn’t win.
To get these free bets, you usually have to do something first. This could be making a minimum deposit or placing a qualifying bet. Always read the terms and conditions of any free bet offer carefully. This way, you’ll know exactly what you need to do to make the most of it.
As you dive into the world of sports betting free bets, look for the best deals. Using these sportsbook promotions and online gambling bonuses can make your betting experience better. And you might even increase your winnings without taking on too much risk.
What are Free Bets?
In the world of online sports betting, free bets are a key tool for sportsbooks. They attract new customers and keep the old ones coming back. These offers come in different forms, each with its own rules and benefits for bettors.
Types of Free Bets
There are several types of free bets:
- Bonus Bets: These are free bets given to new or current customers. They come after a deposit or a qualifying bet.
- No Deposit Offers: Some sportsbooks give free bets to new customers without needing an initial deposit. This lets them try out the platform without spending money.
- Risk-Free Bets: These offers refund the user’s first bet up to a certain amount if it loses. They offer a safety net for new bettors.
- Matched Betting: This strategy uses free bets to make a profit. It involves placing bets on the same event to take advantage of the free bet and the bookmaker’s offer.
How to Claim Free Bets
To get free bets, you need to sign up with a sportsbook and make a qualifying deposit or bet. Then, follow the bookmaker’s instructions. This might mean using a bonus code, picking the free bet option, or doing other things. Always read the terms and conditions to make sure you can claim and use the free bet right.
Sportsbooks offer free bets as part of their sportsbook bonus offers to draw in new customers. These offers can be small or big, like $500 to $1,000 in new online sports betting markets. By knowing the different free bets and how to get them, bettors can increase their chances and maybe even win more.
Top Sportsbooks Offering Free Bets
In the world of online sports betting, free bets have changed the game. They let bettors try out legal online sports betting sites without using their own money. This can help them win more without risking their cash. Let’s look at the best top sportsbooks with free bets that are drawing in sports fans across the country.
BetMGM: Generous Deposit Matches
BetMGM is a big name in sports betting. It offers a great deal for new customers: a 20% Deposit Match up to $1,600 in Sports Bonus. This deal lets bettors increase their first deposit and start their betting journey with more money and a chance for bigger wins.
FanDuel: Bet $5, Get $200
FanDuel is another leader in the field. It has a cool Bet $5, Get $200 offer. If your first $5 bet wins, you get a $200 bonus bet. This offer is a great way for FanDuel to thank its customers and get them excited about betting.
Caesars Sportsbook: $1,000 First Bet Bonus
Caesars Sportsbook is known for its Caesars Rewards program. It offers a $1,000 First Bet Bonus to new users. This deal lets bettors try out the site’s many betting options with a safety net, in case their first bet doesn’t win.
bet365: Bet $5, Get $150
bet365 is a giant in sports betting worldwide. It has a Bet $5, Get $150 welcome offer. This deal gives bettors a big bonus and shows bet365’s dedication to giving great value to its customers.
These are just a few examples of the great free bet offers from top sportsbooks with free bets in the U.S. As legal online sports betting sites grow, the competition to attract sports fans is getting tougher. Each leading US bookmaker is trying to offer the best and most rewarding deals.
BetMGM: Multiple Promotional Bonuses
BetMGM is a top online sportsbook in the U.S. It offers many promotional bonuses for new and existing customers. These include free bets and rewards programs. This makes the sports betting experience better for everyone.
BetMGM Rewards Program
The BetMGM Rewards program lets bettors earn points on every bet. These points can be used for free bets. This gives customers a chance to increase their winnings without using their own money. The program has different levels, each with special benefits and perks for loyal users.
Live Streaming and Mobile App
BetMGM also has a great betting platform. It offers live streaming so users can watch games as they happen. The mobile app makes it easy to bet anywhere. These features make betting with BetMGM smooth and fun.
| Promotional Offer | Details | Potential Payout |
|---|---|---|
| BetMGM $1,500 Bonus | New customers can get up to $1,500 in Bonus Bets if their first bet loses. | Up to $1,500 |
| Bonus Bet Expiration | Bonus Bets for existing customers expire in seven days. | N/A |
| Refer-a-Friend | Referring a friend to BetMGM can earn up to $2,000 per month. | Up to $2,000 per month |
| Odds Boost | An Odds Boost of 25% can increase the potential payout of a bet from $200 to $225. | $225 |
| NFL Bet | NFL bets could potentially yield a cash win of $90.91 on a $100 bet if the selected team covers. | $90.91 |
| NCAAB Same Game Parlay Insurance | The insurance offers to return the stake (up to $25) as Bonus Bets if a five-leg bet misses by one leg. | Up to $25 in Bonus Bets |
| Multi-Sport Parlay Boost | A 25% boost could increase the potential payout from $500 to $600 on a three-leg parlay bet. | $600 |
| MLB Bet | Using Bonus Bets on MLB odds could result in winning $56.25 on a $25 bet if the selected team covers. | $56.25 |
Remember, the terms for these offers may change, and some restrictions might apply. Also, there are resources for responsible gambling if you need them.
DraftKings: $150 Free Bet Reward
DraftKings is a big name in online sports betting. They offer a great welcome bonus for new players. You get a $150 free bet when you deposit at least $5 and bet $1 on NHL or NBA moneylines.
It’s easy to get started. Just sign up, deposit at least $5, and bet $1 on any NHL or NBA game. After your bet wins, you’ll get six $25 bonus bets, adding up to $150. Use these on various sports and bet them within seven days.
No promo code is needed for this offer. Just create your account, deposit, and bet. Then, the $150 free bet will be added to your account automatically.
DraftKings also has a referral program. Both you and your friends can get free bets. So, share your referral link with your friends and get more bonus bets.
| Bonus Offer | Minimum Deposit | Minimum Qualifying Bet | Bonus Bets Received | Bonus Bets Expiration |
|---|---|---|---|---|
| $150 Free Bet | $5 | $1 | 6 x $25 = $150 | 7 days |
If you’re new to sports betting or already a pro, the DraftKings $150 free bet is a great start. With lots of sports and betting options, you can try out online sports betting with your bonus bets.
FanDuel: Refer a Friend for Free Bets
At the FanDuel sportsbook, you can earn free bets by referring your friends. When someone you refer signs up and bets $10 or more on sports, you both get a $50 free bet. This is a great way to get extra betting funds.
Same Game Parlay Plus
FanDuel also has a feature called Same Game Parlay Plus. It lets you put together multiple bets on the same game into one parlay. This can increase your odds and potential winnings. It’s perfect for fans of football, basketball, or any other sport.
Risk-Free First Bet
New customers at FanDuel get a risk-free first bet. If your first bet loses, FanDuel will give you back your stake as a free bet, up to $1,000. It’s a great way to start betting without worrying about losing your money.
Using FanDuel’s refer-a-friend program, Same Game Parlay Plus, and risk-free first bet can help you earn more free bets. It’s a great way to improve your sports betting experience. Whether you’re experienced or new, FanDuel has something for you.
PointsBet: Rack up Points for Free Bets
I’ve been checking out different sportsbooks and found PointsBet really interesting. It’s known for its loyalty program and daily profit boosts. PointsBet is a big name in sports betting, always coming up with new ways to bet.
Daily Profit Boosts
PointsBet’s daily profit boosts really stand out. They can increase the winnings on certain bets. This makes betting more exciting and could help me win more money.
To get these boosts, I just need to sign up for the offer and bet. PointsBet will then add the boost to my winnings. It’s a fun way to make my sports betting more thrilling.
Earn Points for Free Bets
PointsBet’s loyalty program is what really draws me in. By placing bets, I earn PointsBet Rewards Points. These points can be traded for free bets. The way you earn points is pretty good:
- Fixed-Odds Bet: 1 Rewards Point for Every $5 Wagered
- Parlay/Same-Game Parlay Bet: 1 Rewards Point for Every $1 Wagered
- Live Bet: 1 Rewards Point for Every $1 Wagered
- PointsBetting: 1 Rewards Point for Every $1 Won or Lost
For every 100 points, I get $1 in bonus funds. With 250 points, I can turn them into bonus bets. This is a great way to get free bets and try out new betting strategies.
PointsBet’s loyalty program is a big deal for sports bettors. It gives me a chance to increase my winnings and enjoy sports betting even more.
BetRivers: Weekly Free Bet Deals
At BetRivers Sportsbook, bettors can enjoy weekly free bet deals and promotions. These deals make the sports betting experience better. For example, there’s a $10 free bet for betting $25 on a 3+ leg parlay on Saturdays. This lets BetRivers customers increase their winnings without using more money.
iRush Rewards Program
The BetRivers iRush Rewards program is a big deal. It lets bettors earn points for their bets. These points can be used for free bets and other great perks. The more you bet, the more points you get, rewarding your loyalty to BetRivers.
BetRivers also offers many other promotions and bonuses. These include better odds on sports events, a profit boost for NFL Sunday bets, and contests for specific sports. With lots of promotions and an easy rewards system, BetRivers is a top choice for sports bettors looking to get more value and fun.
| Promotion | Details |
|---|---|
| BetRivers Sign-Up Bonus | Up to a $500 2nd Chance Bet for new customers in select states |
| Minimum Deposit | $10 |
| Covered States | AZ, CO, IL, IN, IO, LA, MI, MD, NY, PA, VA |
| Maximum Bonus Amount | Varies by state (up to $500 for IL, IN, LA, MD, MI, NY, PA, VA; up to $250 for CO, NJ; up to $100 for AZ, IA, OH, WV) |
| NBA Playoffs Bonus | Matches initial deposit up to $250 |
| Bonus Specifics | 2nd Chance Bet bonus for new customers who sign up and fund an account, offering a refund on the first bet |
The BetRivers sportsbook offers great weekly free bet deals, a rewarding loyalty program, and more promotions. It has a user-friendly platform and a top-notch mobile app. BetRivers is a great place for those wanting a better sports betting experience.
Barstool: No Deposit Bonus Offer
If you’re looking to start with Barstool Sportsbook without an initial deposit, their no-deposit bonus is a great choice. New customers can sign up and get a bonus without needing to deposit anything.
The Barstool no deposit bonus lets you try out the platform and maybe win real money without using your own cash. Barstool also has many other Barstool sports betting promotions and Barstool casino offers to make your betting better.
For instance, Barstool gives a $1,000 Casino Insurance as part of their bonus package. This refunds up to $1,000 in bonus funds for losing bets. The deposit bonus is available from June 28, 2021, to June 30, 2023, giving new members plenty of time to get the offer.
To get the Barstool bonus, you must be over 21 and in certain states like Colorado, Iowa, Michigan, Indiana, and others. Barstool doesn’t need an opt-in or promo code for the deposit bonus, making it easy for new users.
When using the bonus funds, you must bet on odds of -200 or longer. After the promo ends, bets made or settled with the live “Cash Out” feature won’t count towards the bonus.
Barstool’s loyalty program, MyChoice, gives more rewards and points for betting, adding more value for their customers.
Barstool Casino also offers a $25 no-deposit bonus for new players. The wagering requirement for this bonus is 10x, which is pretty fair compared to others.
To get the $25 no-deposit bonus, players must be in Pennsylvania and over 21. You have 10 days to use the bonus before it expires. Slots count fully towards the wagering requirements, while table games only count 10%.
Overall, Barstool’s no-deposit bonus and other promotions make it a great choice for sports bettors and casino fans. By using these offers, you can try out the platform and maybe increase your winnings without an initial deposit.
Fox Bet: Risk-Free First Bet
As a new customer, you can enjoy the risk-free first bet at Fox Bet sportsbook. If your first bet loses, they’ll refund your stake as a free bet, up to a certain amount.
This offer is great for bettors starting out. It lets you try different bets without worrying about losing your first bet. You can explore various betting markets and strategies, knowing you’re protected.
There’s more to Fox Bet, like ‘Challenges.’ These challenges let you earn free bets by completing betting tasks. It makes betting more fun and gives you more chances to win.
Whether you’re new to sports betting or experienced, Fox Bet has a lot to offer. They combine risk-free bets with exciting challenges to make your betting journey better.
| Fox Bet Offer | Details |
|---|---|
| Risk-Free First Bet | New customers can receive a refund of up to $50 if their first bet on Fox Bet loses. |
| Fox Bet Challenges | Personalized challenges that allow you to earn exclusive rewards, such as free bets. |
| Availability | Fox Bet is currently available in Colorado, Michigan, New Jersey, and Pennsylvania. |
With Fox Bet’s risk-free bet and Challenges, your sports betting journey starts with security and rewards. Discover what makes Fox Bet a top choice for sports bettors.
Unibet: Up to $100 Second Chance Bets
Unibet Sportsbook is a top choice for online sports betting. They offer exciting promotions and bonuses for new customers. The Unibet second chance bet is a big hit, giving new users up to $100 back if their first bet loses.
Weekly Odds Boosts
Unibet also gives customers weekly odds boosts. These boosts can increase the winnings on certain bets. It makes betting more exciting for both new and experienced bettors.
To get the Unibet second chance bet, new customers just need to place their first cash bet of at least $10. If that bet loses, Unibet will refund the stake, up to $100, as a free bet. This helps bettors try out different strategies without risking too much money.
Unibet is dedicated to a great sports betting experience. They have a user-friendly site, lots of betting options, and a mobile app for easy access on the go. Whether you like football, basketball, baseball, or other sports, Unibet has competitive odds and a wide range of bets.
If you’re looking for a trustworthy online sportsbook with great bonuses, check out Unibet. Their second chance bet and weekly odds boosts make for a fun and potentially profitable betting experience.
Compare Free Bets: Key Considerations
Free bets come in many shapes and sizes. It’s important to look at several key factors to make the best choice. You should think about the sportsbook’s licensing and legality, as well as their betting odds and markets.
Licensing and Legality
Always check if the sportsbook is licensed and legal in your state before taking a free bet. Licensed sportsbooks follow strict rules, making sure betting is safe and fair. But, illegal sites might offer free bets that could cause problems later.
Look for licensing info on the sportsbook’s website and check with your state’s gaming commission. This confirms the sportsbook is legit.
Betting Odds and Markets
When looking at free bets, also consider the odds and markets offered. The best deals have good odds and a wide range of sports and bets. This lets you find the best odds and bets that match what you like.
Compare the sportsbook’s odds with others in the industry. Also, see how many sports and bets they offer. This helps you pick free bets that offer the most value and flexibility for winning bets.
By looking at licensing, legality, odds, and markets, you can make smart choices. This way, you can get the most out of free bets. Remember, knowing what makes one offer better than another is key to success.
Maximizing Your Free Bet Winnings
As a smart sports bettor, using free bets can boost your bankroll. Knowing how to use free bet offers and manage your bankroll well can help you turn free bets into cash. Let’s look at the best ways to make the most of your free bet returns.
Selecting the Right Betting Markets
For free bets, focus on markets with higher odds. Placing free bets on underdogs or long-shot options can yield the most significant payouts. Aiming for odds of +500 or more can help you maximize the expected value of your free bets.
Leveraging Hedging Strategies
Hedging your free bets can secure a part of your winnings. By placing a counter-bet, you can ensure a minimum return, even if your main free bet loses. The Free Bet Conversion Tool on OddsJam can help you find opportunities to hedge your bets, with conversion rates often exceeding 70%.
Bankroll Management
Good bankroll management is key when using free bets. Free bet conversion typically yields a return rate of 70% or more. Don’t risk your whole free bet balance on one high-risk bet. Instead, spread your free bets across several opportunities to reduce risk and increase your returns.
| Strategy | Potential Profit | Conversion Rate |
|---|---|---|
| Betting on Underdogs | 80%*0.25 – 20%*0 = 0.2 | 80% |
| Betting on Long Odds | 10%*9 – 90%*0 = 0.9 | 90% |
| Hedging Bets | 25%*6 – 75%*0 = 1.5 | 75% |
By using these strategies for maximizing free bet winnings, you can fully benefit from these offers. This will help you grow your betting profits over time.
Responsible Gambling with Free Bets
The world of sports betting is changing, and free bets are becoming more common. But, it’s important to be careful and disciplined with these offers. Responsible gambling is key when using free bets to avoid problems with betting and losing money.
Free bets can lead to sports betting addiction. The excitement of betting without risk might be tempting. But remember, free bets are not completely risk-free. Sportsbooks now use different terms because of rules and efforts to promote responsible gambling. There’s still a chance to lose both your original bet and the bonus.
Setting limits on how much you bet and how much time you spend betting is crucial. Look out for signs of problem gambling like not being able to stop, money troubles, and harm to relationships. If you’re struggling, get help from experts and support groups.
Using free bets wisely is important. These offers can make sports betting fun, but they should fit within your financial and personal goals. By gambling responsibly, you can enjoy free bets without facing the dangers of addiction.
Responsible gambling with free bets means finding a balance. Know the rules of any promotions and watch your betting habits. The aim is to have fun and enjoy sports betting, not to fall into addiction. By focusing on responsible gambling, you can enjoy free bets safely.
Conclusion
Free bets can really make your sports betting experience better. By using offers from top sportsbooks like BetMGM, DraftKings, FanDuel, PointsBet, and others, you can grow your bankroll. This can also boost your chances of winning.
This article has given you a summary of the key points about free bets. You now know the different types of free bets and how to pick the best one for you. You also understand the importance of licensing, legality, and betting odds.
When looking at free bet offers, make sure to read the terms and conditions carefully. Look at wagering requirements, eligible markets, and any other rules. This way, you can make the most of your free bets and have a fun and responsible betting experience. Choose wisely and compare the offers to find the best one for you.
FAQ
What are free bets?
Free bets are a way for sportsbooks to draw in new customers and keep the old ones happy. They let bettors try out the sportsbook without risking their own money. This can lead to winning real cash.
What are the different types of free bets?
There are several kinds of free bets. These include bonus bets, no deposit offers, risk-free bets, and matched betting chances. Each type has its own rules for claiming and using the bets.
Which sportsbooks offer the best free bet promotions?
Top sportsbooks in the US with great free bet deals are BetMGM, DraftKings, FanDuel, PointsBet, BetRivers, Barstool, Fox Bet, and Unibet.
What should I consider when comparing free bet offers?
When looking at free bet deals, think about the sportsbook’s legal status, the odds and markets they offer, the free bet terms, and how easy it is to use.
How can I maximize my free bet winnings?
To get the most from free bets, pick the best betting markets, manage your money well, and use any extra features or boosts the sportsbooks offer.
What are the responsible gambling considerations with free bets?
Treat free bets with care, just like your own money. Set limits, know the signs of gambling problems, and get help if you need it.