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Free Bets

Horse racing is one of the most popular sports in the UK. With the biggest events like the Grand National and Royal Ascot attracting hundreds of thousands of spectators, with millions more watching and betting from home.

But what is a free bet, and how do you claim one the next time you want to bet on horse racing? Let’s find out in this short article…

What is a free bet?

Put simply, a free bet is a fixed amount of money that a bookmaker will give you to place a bet on a certain event. When it comes to horse racing, for example, a bookmaker may offer a £20 free bet to new people who sign up to their site who will bet on the upcoming weekend’s big races.

It sounds great doesn’t it, but…

What’s the catch?

They say nothing good comes without at least one or two catches. And the same is true when it comes to free bets on horse racing. There were already a couple of small catches in the example above. First of all, the offer may only be open to new users who sign up with the bookmaker, and secondly that you may be restricted to betting on certain races.

But let’s get to the bigger catches. The biggest of all is the fact that you will likely have to make a deposit at a casino to get a free bet. As will be explained in a bit more detail below, you may simply need to make a deposit to get a free bet, but you may also have to place a bet, or even a number of bets beforehand to be eligible.

The other big catch is the wagering requirements. These are the requirements that dictate what you can bet on, for example, which races you can bet on. Normally you also cannot bet on really short odds. You may also need to wager this free bet multiple time to be eligible to make a withdrawal, sometimes as much as 40-50 times. In addition, the bookmaker may restrict the amount of time you have to meet these wagering requirements, perhaps as little as 7 days. Lastly, a bookmaker may cap the maximum amount you can win to prevent you from hitting a really big jackpot with a free bet.

But the question now is how can you use them to your benefit? The answer is to know… 

The Different Kinds of Free Horse Racing Bets

Below are the three main types of free bets bookmakers and casinos offer:

  • Bet a fixed amount and get a fixed amount in free bets – Put simply, this is a qualifying bet that you will need to make that meets the requirements of the bookmaker. These requirements could be how much you bet, what you bet on, what are the minimum allowed odds are, and so on. This is the most common offer from online bookmakers at the moment.
  • Simply make a deposit at the bookmaker – Some online bookmakers or casinos may offer you a free bet for signing up with them and making a deposit. This could be a fixed amount or based on how much you deposit. For example, some may double the amount you deposit.
  • A free bet without making a deposit – This may seem like the holy grail. However, you will still need to sign up at a bookmaker/casino. Although these bets are the most tempting, they come with lower bet amounts than the two options above and stricter wagering requirements.

The important thing is to read carefully through the requirements of each offer to find out which bests suits you and your style of betting. Maybe you want to maximize the size of your free bet or minimize the wagering requirements.

The only thing to do now is find which bookmaker has the best free bet offer for you!

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