Welcome to a comprehensive guide to learning about free bets India 2021. Keep reading to know everything about free bets and how you can benefit from them.
What is Free Bet No Deposit?
A free bet no deposit can be defined as a promotion offered by various online casino websites. In this promotion, the bookmakers offer players a chance or multiple chances to place bets without involving any real money. Most top rankings sites in India have warmed up to this idea as it has helped them gain more popularity. This is also because, unlike the qualifying bets, which involve real money, punters are more invested in free bets with no deposit. However, one can gain bets for free only after playing a certain number of qualifying bets. Once a player has placed qualifying bets, they are rewarded with free bets by bookmakers. This strategy keeps the players hooked to the platform.
These are the types of free bets you may come across:
No deposit free bets
This is a traditional form of free bet where players are not required to pay any amount for a free bet. The bookmakers reward the player with a free bet for signing up to the website. The bonus is given after completing the registration.
Deposit free bets
In this version of a free bet 2021, you are promised an additional bonus on top of the initial deposit. For instance, you can receive a 50% bonus of up to 2000INR for your first deposit.
Cashback free bets
Much like the name, this type of free bet India 2021 offers you cashback even after you face a loss. The cashback is given in a certain %, say 10 or 20% of the total deposit you made.
Matched deposit Bet Bonuses
This is probably one of the best free bets offers. The bookmakers match the amount of the wagering amount for your first bet and offer you two times the stake you initially bet. For instance, if you are betting 500INR, the bookie will double it and offer you a stake of 1000 INR.
We all love claiming free offers. One of the most commonly used methods of claiming free spins or bets is by either using a promotional code offered by bookmakers or by adding a minimum deposit. If you want, you can follow both the ideas. Bookmakers, generally, email the players the welcome bonus once the registration and the verification process are complete. In some cases, they are openly advertised on the website. The minimum deposit can range anywhere from 400 INR to 2000 INR. In rare cases, it may go higher.
Most platforms provide free bets right at the first deposit. Some specific sportsbooks like Draft Kings are known to offer $20 free spins that also involve various amounts of stipulations. What you need to do is make a minimum deposit into your account, and then you will get some wagering amount in return to make free bets. However, this money cannot be redeemed as cash. There are many sportsbooks that offer such deals so that they can attract new players. The idea behind it is that in such a manner, a sportsbook can get new players to register themselves on their website and deposit money. In case they win these free bets, they will keep going on betting on that sportsbook instead of going through other sites.
General Terms and Conditions for free bets explained.
Online casinos run different types of promotions that offer free bets. Whenever a player qualifies for a free spin or bet, it automatically adds as Free Bet Balance and can be used for wagering. Here are some common terms and conditions for free bets.
1. You can use free bets only to place wagers. You cannot transfer, substitute, or exchange this amount. Additionally, you cannot transfer the free bet amount.
2. Free Bets are available for a week (maximum 7 days) starting from the date on which they were credited to the player. If a player is unable to use his/her free bet, it will automatically expire and will be removed from the player’s account (unless there is something else specified in the terms and conditions).
3. All free bets balance must be used at a go in a single bet. The single bet is allowed to have either single or multiple selections.
4. If, in any case, a free bet that has been placed on a selection comes out later to be void, the original amount of the wagered free bet will be returned to the respective player’s account.
5. Free bets are non-refundable
6. The amounts you wager on a free bet are not included in the amount of any winnings. The real cash is gained through other forms of bet.
7. On any free bet, the maximum amount of return you can get is GHS 150,000.
8. For any withdrawal that you make, your free bet balance will be forfeited.
9. Before you can process any withdrawals from your account, the bookmakers will review your play for any invalid betting patterns. This involves a combo of bets like free bets and cash on the same ongoing event to place margins (zero, equal, or low) or any hedge bets. All of these are considered to be against the rules of free bets. In such cases, the bookmakers hold the right to either withhold your withdrawals or confiscate all your winnings.
10. There are two account balances you will have: Cash balance and free bet balance. You can withdraw only from the cash balance but can use the free bet balance to place wagers (without being able to withdraw the winnings).
How do wagering requirements work?
When you want to make a free spin or bet, look for the qualifications. In most cases, these are the wagering free bet requirements you need to follow to qualify:
Sign up for a legit account using valid details on any online casino you find interesting. You may need to verify some details like identity and location.
Register with a valid payment method and make your first deposit in your account.
With your funds, place a bet on any sports event that you are interested in and have some knowledge about. This bet’s value will decide how much money you will be given for free bets.
So, what happens once you get a bet for free? That’s when you activate it. Here are the steps to activate a free bet:
If the bookmakers give you a promo code for a bet for free, enter it on the space provided by the website.
Add a selection to the bet slip.
Visit your bet slip when you can easily find your free bet in a drop-down menu. If you are unable to find it, wait for a few minutes until it appears.
Click on the option ‘place bet,’ and you are ready to make a free bet.
Here are the 3 most important things that you need to consider when you are choosing your best free bets offer:
1. Check the terms and conditions
The first and the foremost thing you need to do when you bet for free is check what the terms and conditions for the free bet specifically state. You don’t want to waste your time in search of a specific selection, only to find that it doesn’t even meet eligibility criteria placed by the website. You also need to check for the expiry date put on the free bet. This is the amount of time until which the free bet is valid. In case it happens, confirm the bet to the bookmaker before proceeding. In some lucky cases, the bookmakers reinstate the free bets for the players.
2. Check High odds
Unlike how qualifying bets are placed at relatively low odds, free bets India are more profitable when placed at higher odds. This is because the stakes of the free bet are not refundable but also good at maximizing your profits. However, you need to keep in mind that your lay bet liability will also go higher with higher odds. The lay bet liability is the amount you will require to have in your account to cover the loss of your lay bet if your free bet wins.
Additionally, there will be times when you will not have more funds to pay for lay bet liability, in which case you can simply place your free bets at lower odds and make smaller profits instead of big ones.
3. Close back and lay the odds
Like it occurs with all matched bets, the back as well as the lay odds should be as close as they can be. Why? Because when these odds are at a closer estimate, there are chances of making more cash from your free bet.
Free bets glossary and terms
These are the free bet India 2021 terms you need to know by heart:
A bet with multiple selections. It requires these selections to be to win the bet.
Ante-post betting yields odds higher than the SP (Starting Price). It can be a risky strategy. It occurs when the player places a bet in advance of the event going on.
A near-certainty selection where a player is deemed as a “banker.”
Bet having two selections and requiring both to win for an overall win.
Betting occurs in two parts. One, for selections to win first; two, for selections to place. It is most popular in sports like Horse Racing and golf.
The selection is considered to have the shortest price. It is deemed as having the highest probability of winning in the market.
It is the recent results of the selections. This means it shows how your selections have been doing so far in the ongoing event.
Your account is credited with a certain amount depending on the requirements to qualify. You can bet with it as bonuses or bet credits.
In-play is when you bet before the event begins. You may want to bet on a certain team, and you are confident that they have a chance of winning.
Matched Free Bet
Your initial deposit is matched in the form of a free bet. For instance, you open an account and deposit $50. You can get a $50 free bet you can play with.
With a new account, you will have to make the first deposit. Each website has a minimum amount that you have to pay to be eligible for the free bet.
Maximum Bonus / Free Bet Amount
At times, a free bet is rewarded to you up to the maximum amount set by a website.
New / Existing Customers
New account holders who are eligible for plenty of offers and specials such as money-back promotions.
A promo code is a requirement set by some bookmakers. You can enter it when you register yourself to a new website so that you can be eligible for a free bet.
Some bookmakers require you to place something called a qualifying bet. It is a certain amount to activate your free bet.
Similar to a risk-free bet, this is when bookmakers return the amount of your first bet to an extent if the bet loses.
A risk-free bet is offered by many bookmakers, especially to new players. In a risk-free bet, players get their money refunded if their first bet loses.
Terms And Conditions
It contains all the mandatory information about the free bet, welcome bonus, and much more. It’s generally mentioned on the website and as information such as qualifying bets and rollover conditions.
Valid is when the bookmakers check that the players have followed the terms and conditions. It makes you eligible for the offers provided by the website.
A certain amount of bonus is offered by bookmakers to new players. Different websites have different welcome bonuses and terms and conditions.