Players are first required to place a real-money bet, and sportsbooks match the wager with a free bet of equal size, up to a predetermined amount. Bet an amount, get an amount: This is probably the most common type of free bet.Generally speaking, there are three types of free bets offered by US sportsbooks: If it loses, your cash bankroll is no worse off than it was prior to the wager. If the bet wins, you only secure the $600 win, not the $600 win plus the initial $100 stake. Once the free bet is graded, any winnings are allocated to your cash account, and the free bet stake disappears.įor instance, let’s say you receive a $100 free bet and decide to take a shot on the New York Knicks, which are going off at +600 against the Los Angeles Lakers. Instead, you’re going to have to make a qualified wager (see terms and conditions of any offer before accepting). They’re not cash, so don’t think you can claim a free bet and cash it out.

Which Sports Betting Markets Offer Free Bets?įree bets are a credit given to players at online sportsbooks that enables them to place a bet without incurring any inherent risk.What's Better: Free Bets Or Risk-Free Offers?.

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