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If there is one thing that punters love and adore it is free bets. There are various types of free bets and bookmakers are constantly updating their offer with various bonuses and promotions which in one way or another constitute a free bet.

What you deposit is matched as part of the free bets promotion. If you do find one though, take advantage by depositing the full amount and then spreading your bets over multiple markets instead of just one that is usually required for matched bets.

A matched bet is the simplest and most common of the free bets. All matched free bets usually have a minimum odds limit that you have to bet on in order to claim your free bet — usually at 1.

This category of free bets is also more often than not tied to a wagering requirement which stipulates that the punter should meet a minimum odds threshold and comply with the minimum number of betting propositions on his ticket.

Matched Free Bets are usually given whenever a new client opens a new account with a bookmaker or as an ongoing promotion for popular competitions such as the English Premier League or the Champions League.

This type of bet is fairly new and is only offered by a few sportsbooks. These bets can sometimes have a minimum odds limit that you have to be above if you want your bet to be risk-free — usually 2.

Bookmakers usually reserve their best promotional offers for new clients and the No Lose First Bet is exactly that type of bonus.

With it, new clients can be sure that even if they lose their initial wager with the betting operator, they will still be able to try their luck again with exactly the same deposit, but this time the wager will be on the bookmaker, as the betting operator will cover the full deposit.

Many punters prefer to be given a deposit bonus or a matched free bet, but when all things are considered it becomes obvious that the No Lose Free Bet option is equal or even superior with the right betting provider to those two.

This is because, with this offer, a punter is basically given the same chance to play a betting ticket for free just like in the two aforementioned offers.

This type of offer is quite rare and is when you get a free bet just for opening an account with a certain bookmaker. These can come in two forms.

There are often offers hidden in other formats. Take enhanced odds, for example. With the Money Back Specials, a player is given the chance to get his deposit back if his betting ticket meets certain criteria.

This money back special can usually be seen in accumulator bets in which the higher the number of betting selections and cumulative odds is, the greater the chances that you will get your money back.

This type of free bet comes in the form of what is popularly known as cashback and it can not only enable the client to get his money back, but it can also enable him to increase his original deposit several times, provided he meets the criteria set by the bookmaker.

This means that punters are encouraged to include more betting selections with higher odds with this money back special.

This is because of the fact that these big events are usually very profitable for betting operators due to the huge influx of bets and as such bookmakers are able to offer a lot more free bet offers than they normally would.

This, in turn, increases the number of their clients and generates even more profit for them, while also keeping their clients more than satisfied.

Almost all big events in world sport are accompanied by one type of free bet offer or another. Free bet offers are beneficial to both punters and bookmakers.

Betting enthusiasts are often torn between one of the biggest decisions they have to make — to go with the safe betting propositions at lower odds and with eventually smaller, but safer winnings or to go with higher odds and higher potential winnings, but at the risk of losing the betting ticket because of those more difficult betting selections.

Free bets promotions alleviate this dilemma instantly. Punters can compile their safe betting ticket and then back it with their own money, but use the free bet offer given by the bookmaker to make that riskier betting proposition.

Of course, free bets are not endless, but considering that there are tons of betting operators online, a punter can easily switch between bookmakers and use the perks of having multiple accounts on an almost weekly basis.

Bookmakers also see free bets as hugely beneficial to their businesses otherwise they would have stopped offering them a long time ago. In fact, one of the first things that punters look for when choosing where to open their betting account are the welcome bonuses and the potential promotions that a bookmaker would be willing to offer them in terms of free bets.

So free bets are a win-win scenario for all parties included hence their popularity. Real Money Deposit Required.

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