Best Free Bet Promo Codes On Online Sportsbooks

What are Free Bets?

Free bets are wagers that sportsbooks hand out where they cover the stake of the bet, but you can win the reward if the bet wins. The amount of the free bet is not paid out when the free bet wins.

They are frequently run promotions to encourage customers to continue to bet with the sportsbook or to attract new customers. It’s a nice way to place a bet and potentially make some money without risking anything.

What are the Types of Free Bets?

Free bets are rewarded in a bunch of different ways. With there being different rules for redemption, be on the lookout for free bets to take advantage of.

No Deposit Promo Code Free Bet

These free bets are rewarded when, typically, you first register with a sportsbook typically. Without having to make an initial deposit, if you sign-up and enter a valid promo code, the free bets are awarded to your account.

It’s a great way to get started with a risk-free bet, without risking any of your own money, even if the free bets are usually smaller amounts.

Risk-Free Bet

These bets require you to wager your own money at first, with the caveat that if you lose, you will get your stake refunded as a free bet. If your bet wins, you get to keep the money but you don’t get the free bet credit.

It’s like getting a second chance with your money when you opt-in to a risk-free bet.

Deposit Match

This is a common welcome bonus that sportsbooks offer. Whatever you deposit initially with the sportsbook, they will match a percentage of it, sometimes 100%, in bonus money. Deposit matches give you extra cash to begin with, so you can explore betting with a little more freedom.

Matched Bets

Matched bets are unique in that theythat it they havehas you wagering real money on one side, with a free bet on the opposite outcome. Matched bets minimize losses, as you hedge your bets and sometimes can even guarantee that you’ll make a little bit of money.

How To Get Free Bets?

Claiming free bets varies depending on the sportsbook, but the general idea is usually similar. You have to find the offer and details and follow the instructions to be rewarded with free bets.

Sometimes, that may be a simple promo code, other times it may just be clicking a link that automatically opts you in. Reading, checking promotion pages, and just due diligence will help you find and claim free bets on any sportsbook.

How Do Free Bets Work?

Free bets are put into your account and usually indicated as being in your account, as part of a promotion, or as a separate purse amount in your account’s wallet. Once they are confirmed to be in your wallet, you must bet using them following the terms and conditions of the deal before they expire.

Placing a bet using a free bet usually requires selecting the free bet as the stake in your bet slip. If you don’t indicate you are using the free bet, your stake will be with real money. So if you have a free bet, make sure that you apply it and use it before the expiration date.

How Do Free Bets Work For First-Time Sign-Ups?

Every sportsbooks haves different rules for claiming free bets for first-time users. Some require a promo code, but others simply require meeting the terms and conditions, usually by meeting the minimum deposit amount.

Reading the rules and regulations for new users when it comes to welcome bonuses is the best way to know how a particular sportsbook will reward you.

Are Free Bets Really Free?

Yes, free bets are free and funded by the sportsbook. They know that it’ll keep customers happy, and encourage them to wager more in the future. The amounts usually aren’t high so the payouts remain low, even if the stake isn’t also refunded.

When you receive a free bet, you truly will not have to use any real money when you wager with it.

Sportsbooks With the Best Free Betting Offers

While a lot of sportsbooks offer free bets frequently, some stand above the rest. Here are some of the top sportsbooks when it comes to offering free bets.

BetMGM

Along with offering free bets often for various reasons, they also run a promotion weekly that rewards a $10 free bet for anyone that wagered $50 the week prior.

FanDuel

FanDuel’s welcome bonus for new customers is a “No Sweat First Bet,” which provides new users a free bet matching the stake of their initial bet if their first bet loses.

Caesars

Another top sportsbook, Caesars is known for robust rewards that include free bets for their customers.

DraftKings

DraftKings runs promotions almost every day, many of which are free bets andare odds boosts.

Up To $1,250 Back On Your First Bet + 1000 Tier Credits + 1000 Reward Credits® at Caesars

Free Bets Vs Risk-Free Bets

While a risk-free bet is rewarded as a free bet, there is a difference between the two. A free bet is placed with no real money stake and is rewarded through some sort of promotion. A risk-free bet is a promotion that requires a real money bet initially, but that real money bet conveys a free bet if the real money bet loses.

Free Bet Offers Vs Bonus Offers

A bonus offer is an all-encompassing phrase for any type of free money that a sportsbook may be offering. This includes free bets. A free bet offer specifically refers to a deal that rewards players with a free bet. Free bet offers will only reward players with free bets.

Free Betting Offers Vs Deposit Match Bet Offers

A deposit match bet offer only applies if you make a qualifying deposit within the time-frame of the offer. If you do, the matched amount will be in your sportsbook account as either real funds or free bet credits. Most free bet offers don’t depend on deposits, nor is the amount matched to how many dollars you deposit at any time unless specified.

Free Bets Terms and Conditions

Every free bet offer has unique terms and conditions, so it’s best to read the specifics to see how you can qualify.

Outside of the specific offer details, the common necessities to being able to claim a free bet include being of legal betting age and being in a state where sports betting is legal. Most free bets have an expiration date, and some will only apply to certain bets.

Free bets cannot be transferred from one sportsbook to another, and they can not be cashed out, as you put no real money down.

How To Claim Free Bets?

You can claim a free bet by checking the sportsbook's promotion and following the steps necessary to fulfill the terms if there are any. AllEach promotion and sportsbook haves different rules, so reading what you are trying to claim is the best way to figure out how you can get your free bet.