Betting is all about a chance that involves taking up a risk. Taking a risk means that you could either win or lose. Winning is what we all hope for but losing is also part of betting. Now, imagine having to stake on your preferred teams and market of your choice without having to risk your own money- and that’s exactly what free bets are.
With free bets, a bookmaker allows a punter to stake without having to lose their own money. Free bets are important for the following reasons:
a) Allow new punters to gain experience
b) Attract more bettors
c) Keep existing punters staking with the bookmaker
d) Compensation for punters who may have lost money
Categories of Free Bets
Sign-up free bets– with this, there is no deposit required. Any new member who joins a particular bookmaker is automatically awarded an amount that they can stake but can only withdraw the profits.
Deposit-free bets– usually with these types of bets, the betting company gives you an equivalent amount of the initial deposit you make. The amount awarded goes to a separate account from the main and when you wager you are only allowed to withdraw the profits. You need to understand that different bookmakers have different wagering requirements in terms of accessing the bonus, wagering, and withdrawing it.
No deposit-free bets– where you have been an active punter, but you take a break, a bookmaker will reward you to entice you to come back and stake with a free bet. This applies to both new and existing punters.
Cash back free bets– the bookmaker rewards you a certain amount of money that you can place a bet with after losing a placed bet. You cannot withdraw the reward amount.
How to get Free Bets
The big question that now matters is where and how one can find free bets. Bettingguide.com has undertaken research on where you could find free bets and much more information on the same, and we recommend that you take some time and pay their page a visit. You could find free bets from-
i. During sign-up
Most times, punters will entice you to stake with them, by promising a free bet during sign-up. It is important that during registration you consider the bookmaker with the biggest free bet, with less stringent conditions.
ii. Reviews from existing customers
Bookmakers and punters have forums where they share feedback and experiences with other people. Always look out for the bookies who have been acclaimed as having the best free bets.
iii. Professional bet-related websites
There are websites that have dedicated themselves to researching sports betting. They analyze all the data and avail the information to punters that they need to make a decision. It’s important that you consider a reliable website that has a reputation like Bettingguide.com
Best Free Bets in South Africa
We have undertaken research in relation to the South African market and we have developed this list for you on bookmakers with the best free bets.
1. Betway
Betway tops our list for this obvious reason- they offer a 100% match of your deposit for up to R1000.00 as a Free Bet. Being the biggest bookmaker in South Africa, the company has a wide array of options to choose from and provides some of the highest odds. The free bet must however be used within 30 days after the day it is given to you.
2. Hollywoodbets
If you are the type of punter who wants to test the waters without risking any of your money, then Hollywoodbets should be your partner. Upon registering, you get R25 as a free bonus that you can bet with, even without any deposit. The bookie is also the go-to for horse racing lovers.
3. Gbets
This bookie ranks highly for its free R25 deposit free welcome bonus and also the variety of sports options. You also get high odds meaning that you get high returns with this bookmaker. You need to however utilize the free bet within 48 hours after being awarded.
4. Supabets
Supabets have gone all out with free bets for new punters- upon sign-up, you get a free bet worth R50 and a 100% deposit match up to a maximum of R5000! What’s more- you also get 100 free spins after a successful registration. You will need to utilize the free goodies within 15 days.
5. World Sports Betting
To close for us the list of top 5 is World Sports Betting. This bookmaker offers a R50 free bet that does not require you to deposit to be awarded. With a variety of markets to choose from, you are guaranteed a great partner that is safe and trusted and gives its customers data to browse for free when staking.
