What are Free Bets?
Free bets are special deals that online casinos and sportsbooks give to get new customers or to reward people who have been using their site. With a free bet, you can place a bet without using your own money, giving you a chance to win real money without any risk. However, if you win, you usually only get the profit, not the money you used to place the bet.
Example:
- You place a £10 free bet on something with odds of 3.0.
- If you win, you’ll get £20 as profit, but you won’t get the original £10 bet back.
Types of Free Bets
Licensed UK sportsbooks commonly offer three types of free bets to attract new customers and reward their loyal bettors:
No Deposit Bonus
In the UK sports betting world, no deposit bonuses are widely seen as the most exciting type of free bet promotion! Many top UK sportsbooks featured on platforms provide no deposit bonus codes that new customers can use upon registration. These codes activate bonuses that allow free bets to appear in your betting account without requiring an initial deposit.
Sign-Up Bonuses
These promotions are designed to entice new customers, and you might encounter offers like “Bet £20, Get £10” on Rhino Bet.
Similar to no deposit bonuses, sign-up bonuses often come with time restrictions for using the free bets and may impose minimum odds for eligible bets.
Additionally, if the sportsbook offers a cash-out feature, you generally cannot cash out free bets early.
Deposit Bonus
Deposit bonuses are available for both new and existing customers at UK sportsbooks.
For example, a sportsbook might offer a 100% matched deposit bonus up to £200, meaning if you deposit £200 of your own money, you’ll receive an additional £200 in bonus funds.
Keep in mind that these bonus funds typically come with wagering requirements. Deposit bonuses also serve to reward existing customers, often referred to as reload bonuses.
These encourage bettors to “reload” their accounts with another real-money deposit to receive a percentage of that deposit in bonus funds, providing an additional incentive for continued play.
Why Should You Use Free Bets?
Free bets have lots of benefits, making them popular with both beginners and experienced bettors:
- No Risk: You can place bets without risking your own money, which is great for trying out new ideas or different sports.
- More Value: You can double the amount of your first deposit or bet, giving you more chances to win.
- Try New Things: You can bet on sports or events you might not usually think about, without worrying about losing your money.
- Build Confidence: If you’re new to online betting, free bets help you learn how to use the site and place bets without the risk of losing real money.
How to Redeem your Free Bets at Rhino
At Rhino, we currently offer a fantastic “Bet £20, Get £10” free bet promotion. Follow these simple steps to redeem your free bets:
- Sign Up: Create an account with Rhino using the promo code ‘bet20get10’ and make a minimum deposit of £20.
- Place Your Bet: Wager a minimum of £20 on any selection with odds of Evens (2.00) or higher. Once your bet is settled, you’ll receive a £10 free bet.
- Meet the Qualifications: To qualify for this offer, ensure that you make a minimum deposit of £20 and have a £20 bet settle within the promotional period and within 24 hours of signing up.
By following these steps, you’ll be able to enjoy your free bet rewards quickly and easily!
*Rhino’s Terms & Conditions apply to this promotion. Which can be found here.
Tips for Using Free Bets Online
To make the most of your free bets, remember these tips:
- Use Them Before They Expire: Free bets have an expiration date, so use them before they run out.
- Go for Bigger Wins: Higher odds can mean bigger wins, but they come with more risk.
- Keep it Simple: Single bets are easier to understand and often have fewer rules than multiple bets.
- Try Different Things: Use your free bet on different sports or events to try something new.
- Know the Rules: Make sure you understand the terms and conditions to avoid any surprises.
Gamble Responsibly
It’s important to remember to bet and gamble responsibly. Gambling should be seen as a form of entertainment, not a way to make money. If you feel that gambling is becoming a problem or affecting other areas of your life, seek help from support organizations and consider setting limits on your account or taking a break from betting. Always prioritize your well-being and gamble responsibly.
