Free Bet Offers Explained
The act of betting or gambling has been around for centuries in one form or another but did you know that it wasn't until 1960 that gambling was legalised "off-course" in the UK? Off-course indicates away from the race course, prior to the 1960 Gambling Act punters could only bet on a race course but after this bookmakers began to infiltrate the high street. Before long hundreds and thousand of bookies and casinos began to appear, opening up gambling to the everyday person on the street. Fast forward a few decades and the internet opened up an even bigger market and avenue for betting. The number of markets you could bet on massively increase as did the ability to bet on live in-play events.
With the thousands of bookmakers out there they are naturally all fighting for your custom and money. They do this through the enticement of free bet offers and promotions, either through new customer offers or promotions for existing customers. Most likely you will have seen this advertised on TV, on the high street or online, indeed it feels like you cannot escape gambling adverts nowadays. These free bet offers appear very appealing but what value do these free bets carry and how can you make sure that you maximise your potential profit from them?
What are free bets?
Free bet offers are pushed out by bookies looking to get you signed up and using them, it is as simple as that. They want your custom and, with the heavy competition that they face in a congested industry, they will do what they can to stand out from the crowd. These free bets will differ in terms of stake and also what you will need to do in order to 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 of your own cash and get a £20 free bet for instance.
Example Free Bets On Offer
There are many free bet offers out there, a sample of these 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 available to our Platinum Package Members. There are new ones appearing all the time, so even if you already hold accounts with lots of bookies there will always be more out there.
Are Free Bets Actually Free?
This is a real sticking point and actually quite an interesting thing to pick apart. Well, let’s look at that bet £20 get £20 free bet offer example for this and delve into it a bit more. 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. Already you have had to risk £20 of your own money to trigger this free bet. 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. Even if you only have to bet it once, there is no certainty that your bet will win! 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! Taking all this into account free bets are not always free, and a lot of the time will actually end up costing you your hard earned cash.
The good news is there is a way to make money from these free bets regardless of the outcome of horse races, football matches or any sporting event. Read on to find out how.
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: