When it comes to free offers, people rarely need to be asked twice. This is of course also the case in the gambling scene. In addition to the deposit bonus, the so-called free bet and promo codes are particularly popular. The user benefits enormously from such an offer. He hardly has to take any risk and at the same time has the chance to win.
How do free bets work?
As the term free bet suggests, this is a bet that is free of charge. The player does not take any risk of losing himself.
This type of bonus is therefore particularly popular in the sports betting scene. But it also brings disadvantages. Unlike with a deposit bonus, the player does not have to risk their own money.
The classic free bet or free bet
Thanks to the classic free bet, you can still put together a betting slip and place it without having any money in your account. Once you have selected your tips, you can select the appropriate option – usually on the right-hand side of your screen. Instead of risking real money bets, you signal to the operators that you want to use the free bet.
You can do this as soon as you have a free bet in your betting account. You don’t need to have your own money in your account. If the tip is wrong, nothing happens. If you win, you collect the net profit of the bet.
The risk-free bet
With a risk-free bet, you do not take any risk of your own. However, it differs from the free bet. Because in order to be able to place a risk-free bet, you must first place your own money on your desired bet. This ensures that players without money in the betting account cannot place a risk-free bet at all.
Of course, if you placed your risk-free bet with your own money and lose, you get your stake back. It is therefore a 100 percent cashback bet. However, this will be limited to a certain sum. So it is usually not possible to invest several hundred dollars completely risk-free.