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To simplify, a free bet is a wager in which the stake is paid by the sportsbook. The value of the free bet will vary by promotion and by the sportsbook operator.
Usually, a player can obtain a free bet from sportsbooks when there is a new user sign-up offer, a promotion for existing bettors, or a referral offer.
While the operator will pay the stake of the free bet, the stake is not part of the payout if the free bet is a winning wager. For example, a bet of $100 at +200 odds placed with cash would pay $300 ($100 stake + $200 profit) but a bet made with a free bet would only pay $200.
Terms and conditions will vary by site, but luckily we did all the hard work for you in our individual online sportsbook reviews. While some operators may not have any restrictions for free bets, others may not allow you to use them on parlays or odds/profit boosts, for example.
Usually, a player can obtain a free bet from sportsbooks when there is a new user sign-up offer, a promotion for existing bettors, or a referral offer.
While the operator will pay the stake of the free bet, the stake is not part of the payout if the free bet is a winning wager. For example, a bet of $100 at +200 odds placed with cash would pay $300 ($100 stake + $200 profit) but a bet made with a free bet would only pay $200.
Terms and conditions will vary by site, but luckily we did all the hard work for you in our individual online sportsbook reviews. While some operators may not have any restrictions for free bets, others may not allow you to use them on parlays or odds/profit boosts, for example.