Free bets are handed out by many online gambling websites in order to both attract new customers to their business and to keep existing customers loyal. These free bets come in many different forms, ranging from sign up bonuses to loyalty points which can be exchanged for free bets.
The most common kind of free bets offered by online betting websites are sign up bonuses, where players are offered huge bonuses for signing up to a new online gambling site and depositing money into their accounts. These sign up bonus free bets are usually either paid out as a percentage of an initial deposit or as a fixed sum based on how much a new player puts into their account. However, these free bets cannot instantly be withdrawn as money and often need to be wagered, sometimes several times over, before they turn into ‘real’ money.
Many UK gambling websites also offer customers access to loyalty programmes. These programmes grant players points based on how much money they’ve wagered on an online betting website. Once a player has accumulated enough points, they are generally granted free bets and allowed to keep the winnings once they’ve been wagered.
Online poker services, along with running comprehensive sign up bonuses and loyalty programmes, often offer their customers free bets in the way of free entry to poker tournaments. This leaves a player eligible to try to play for cash prizes without needing to lay down the money to buy in themselves.