Sports Free Bets
One of the biggest perks of betting online is being able to access sports free bets and bonuses when you sign up. If you find the right kind of offer, you can boost your bankroll or simply place one free wager without risking your own money. To give you a head start, we are going look at how free bets work online, what is meant by wagering restrictions and what type of promotions you should avoid.
What are Sports Free Bets?
With online or mobile sports betting in Canada, the free bet is a something that was introduced to encourage punters to sign up and stay loyal to a particular bookmaker. Since there are plenty of sites to choose from, bookmakers try and offer customers the best bonus or wagering offer to gain their business. This is good news for the bettor, as you get to pick and choose which bonus offer suits your needs. Usually a free bet is given out as soon as you sign up and make your first deposit.
The Cash Bet Offer
An online sports betting free bet isn’t restricted to one type of offer. This is just a general term used to describe a bonus. Sometimes they refer to an actual free wager and in other cases, it refers to a reward amount that can be used for specific options.
The first type of offer you might come across is the free cash offer. With this promotion you are given a small cash sum such as $20 or $30 when you sign up. You can then use this to place a wager at selected odds on selected markets. The bookmaker will clearly indicate which markets you may use, and what the minimum odds must be. If you win, you get to keep the winnings and not the bonus amount used to place the bet.
The Bet Match Offer
Another popular option with sports free bets is the match offer. This is as simple as it sounds. When you make your very first wager, the bookmaker will match your stake amount up to a certain cash limit. So, if you are putting down $25 on an upcoming Baseball game, your stake will be increased to $50. There are restrictions to what markets you can choose and the minimum odds. If your prediction is successful, you only get to keep the winnings from your bonus amount and not the original stake.
The Cash Match
Some mobile sports Canada sites offer casino games, Bingo and Poker all on the same platform. It is then easier for them to hand out one reward for all of the different platforms. This usually comes in the form of a cash match offer linked to your first deposit. This is similar to what you would find at an online casino, as it usually is a 100% match on your total deposit amount up to a certain cash limit. When you sign up and make your first deposit, the bookmaker will match the amount you deposited.
You can then use these funds to place any wager you like, with few or no restrictions whatsoever. There is one catch though. The bonus amount will be subject to rollover restrictions, which must be met before you can cash out any of your winnings. These are usually not as high as those at the casino, but may be as much as 10x your reward amount. If you bonus amount is $150 then you will need to make 10x $150 or $1500 in real money wagers before you can cash out.
When used correctly, sports free bets are a great way to increase your chances of winning when you start enjoying mobile sports betting in Canada.