Free Bet Offers Explained
There are thousands of bookmakers out there, all fighting for your custom and money. They do this through the enticement of free bet offers. Most likely you will have seen this advertised on TV, on the high street or online. What value do these free bets carry though and how can you make sure you maximise your profit from them?
What are free bets?
Free bet offers are pushed out by bookies looking to get you signed up and using them. These free bets will differ in terms of stake and also how you qualify to receive them. Generally speaking, in order to get a free bet from a bookie, you will need to risk some of your own money first - so bet £20 get a £20 free bet for instance.
Example Free Bets On Offer
There are many free bet offers out there, a sample are:
Total Value Of Free Bet Signup Offers On PA:
At the time of writing, we have free bet offers valued in excess of £1500
Are Free Bets Actually Free?
Well, let’s look at that bet £20 get £20 free bet offer example for this. So with this offer, before you get the £20 from the bookmaker you will need to open an account, deposit £20 and then bet this £20 on an event. Once this bet settles you will then receive a free bet to the value of £20. Free bets when you have to gamble to get them are strictly only free if you win this first qualifying bet. You may indeed win this first bet and be in profit but you may also lose this first bet and be £20 down!
So, win or lose, you now have this free bet - but it isn’t a case of just backing a winner with it and walking away with the cash. Bookies are crafty and many will add in wagering terms on free bets, meaning that you may have to wager them/any winnings from them a number of times. When all this is taken into account then it is highly likely that you won’t actually make a penny from that “free” bet and, a lot of the time, actually be £20 worse off!
How Can You Make Money From Free Bet Offers?
Well, the best way to make money from free bet promotions is through the technique of Matched Betting.
Matched Betting is a way of taking advantage of the hundreds of free bet offers dished out by bookies. Although it has betting in the name there is no real gambling involved as, unlike normal betting, we cover all possible outcomes of an event. This means regardless of the result we can make profit and turn those free bets into real cash!
Keen to Get Involved?
The great news is you don’t need to be a sports fan or betting fanatic to sign up and use Profit Accumulator. Many of our members are not sports fans and had never placed a bet in their lives but that doesn’t stop them from making some tax-free cash.
For more info on what matched betting is, check out these articles: