Free Bet Bonus
The Free Bet bonus is an interesting promotion available at several online sportsbooks, and it is a very good deal. After all, who doesn’t like the chance at free money? These bonuses are usually only available after you have signed up with a certain online sportsbook and have created an account.
Some will require a deposit as well, but some won’t; it depends on the sportsbook.
There will usually be other requirements as well. The bonus is good for the very first wager you place. Not the time of day a game is played, but the initial wager you enter on their platform.
Also, this first wager will probably have an odds requirement. The wager will have to have some risk, and this will vary from sportsbook to sportsbook.
Not only will there be an odds requirement, but there will be a wager amount minimum and/or maximum as well. Plus, there will be a play-through requirement for winners before they can cash out.
Again, these rules and regulations will all depend on the sportsbook running the promotion. Be sure to read the fine print before signing up and depositing any money, so you know the rules.
This way, you can take total advantage of the Free Bet bonus.
Of course, once you’ve made the wager, the rest is easy. Either the wager wins, and you collect the winnings, or the wager loses, and you are reimbursed the amount you wagered. No harm, no foul.
It is a great promotion, especially if you have your eye on a certain game. Keep in mind if you lose the wager, your reimbursement may take a few days to post to back into your account.
You can see the appeal of this promotion and why online sportsbooks use it to grab your attention.
Now that you know how to use it, let’s look at where you can find it:
FanDuel may have broken into the sports gambling world as a Daily Fantasy Sports company, but they’ve worked quickly to expand into the online sportsbook space as well. FanDuel produces a great online sportsbook, and players always find the interface top-notch.
Of course, you need more than that to be successful, and that’s why FanDuel Sportsbook offers a $500 Free Bet to new users.
You are required to sign up and deposit money before utilizing the FanDuel Free Bet bonus, and, yes, you can only wager as much as you have in your account. FanDuel will honor that initial wager up to $500. If you wager and win, you collect the cash.
However, you will not be able to cash out until you’ve met a play-through requirement. If you lose the wager, you will be reimbursed within 72 hours.
FanDuel is an exciting online sportsbook, and despite the few hoops they make you jump through, this Free Bet bonus is legit.
Of course, anything FanDuel does, DraftKings is sure to do as well, and the $500 Free Bet bonus is no different. These two companies have been competing against each other since Day One of DFS sites, and that fight continues into the online sportsbooks space.
Not surprisingly, the DraftKings $500 Free Bet bonus is just like the FanDuel bonus. We aren’t saying they are copycats; we’re just saying you should expect these two online sportsbooks to look very similar in every way.
Just like FanDuel, you are required to sign up and deposit funds with DraftKings before you are eligible for the Free Bet bonus. If you win the wager, there will be a play-through requirement before you can cash out.
If you lose your wager, you can expect your reimbursement in 72 hours. Companies like DraftKings are a welcome sight in online gambling, that’s for sure.
Not to be outdone, BetMGM also has a $500 Free Bet bonus, and it works exactly like the bonuses from FanDuel and DraftKings. MGM may not be in the DFS space, but they still have great name recognition from their supersized sportsbook housed in the MGMGrand Las Vegas.
Their Free Bet bonus works the same as FanDuel and DraftKings, as you must sign up and deposit first. A play-through requirement needs to be met before cashing out, and a loss will take a few days to show up in your account.
This is a good bonus and a wise move on BetMGM’s part to stay competitive with up-and-coming companies like FanDuel and DraftKings.
Unibet takes a little bit of a different approach with their Free Bet bonus, as there are actually three different Free Bets to utilize. First, just for signing up with UniBet, you are eligible for two $10 Free Bets, with no deposit required.
If you win, you keep the free cash. If you lose, you lose with no reimbursement. However, once you make a deposit, you’ll have a Free Bet for up to $250.
Again, these are for your initial wagers, and there are play-through requirements for wins.
There are many types of bonuses these days, but none are more interesting than the Free Bet, no matter how you do it.