A free bet is a limited bonus offer that allows bettors to place a sports betting wager without using their own money and collect any possible profits. It has a specific fixed value that cannot be changed and usually comes with restrictions, such as maximum odds to limit overall winnings and destination to particular events.
We are fans of betting sites with free bets that gift their users with that bonification and have collected some of the latest and best offers available in the Philippines right now.
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Top 3 Free Bets Offers on Betting Sites
There are three top free bet offers you can get right now on selected and provenly legal sportsbooks in the Philippines. They all might have temporary offers of no deposit free spin bonuses and other opportunities connected to specific leagues. Our advice is to register on even those that you are not interested in the current offer and sign up to the newsletter to catch all those quick promos!
BetOnline: Welcome Bonus Free Bet
The BetOnline welcome offer with the promo code FREE250 gives you 50% of your first deposit in free bets plus casino free spins! That is a great hybrid deal for those who want to get off on the right foot instead of waiting for a free bet promotion to appear at some point.
Our overall grade: 4.5/5.0
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20Bet: No Deposit Free Bets
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1xBet: Birthday Free Bet
1xBet knows how to keep their bettors happy, so they give a personal free bet bonus on their birthday. It is delivered to the account holder via SMS and through a promo code. All the bettor has to do is redeem it at the promo section and give it a try!
Our overall grade: 3.0/5.0
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How Do Free Bets Work?
Free bets must be redeemed by the user or gifted by the bookmakers, and there are countless triggers. Once they are in the account and activated, players are able to select events in which they are valid, insert their free bet, and hope for the best possible result. Knowing what a free bet is at this point, it is obvious that we cannot adjust its value.
With free bets, you do not determine the stake amount.
Aside from its fixed value, the most important characteristic of how free bets work is the fact that you are not entitled to its original value. In other words, we keep the profit from a successful free wager only.
If we receive a ₱5,000 free bet and win with odds of 2.10, this is the scenario we are looking at:
- Free bet wager: ₱5,000
- Winning results: 5,000 x 2.10 (odds) = 10,500
- Profit = ₱10,500 – ₱5,000 = ₱5,500
Therefore, we can see ₱5,500 being added to the account, and the ₱5,000 free bet vanishes, as we never possessed that value to begin with!
Understanding Free Bets Rules
- Expiry date: You might be eager to use your free wager on a specific event, but if the offer expires in 24 hours and the event occurs next week, that won’t be possible. Whenever you activate that form of bonus, make sure that you use the bonus before it expires.
- Minimum and Maximum Odds: Free bets usually limit a given range for odds to avoid them being used in lines that are too likely to occur and generate profit to the bettor.
- Minimum Deposit: In the case of deposit bonus free bets, there might be a minimum deposit amount to comply with in order to activate the bonus.
- Maximum Winnings: Despite the odds, there can be a rule determining a maximum to your winnings and preventing wins from a certain value.
- Rollover: Especially important in the case of a free bets no deposit bonus, check how many times you need to wager the winning amount to be able to withdraw it.
- Limited Events: You might be limited to specific sports, events, and even betting lines when it comes to using that bonus. For example, it might not be applicable to a double chance bet and only be used in a straight moneyline.
The Different Types of Free Bets Bonuses
While all bookmakers’ free bets work the exact same way, their triggers can vary enormously and have a varying impact on their rules and compensation. Therefore, we can think of them as being different types so you can better define which ones interest you:
- No Deposit Free Bets: Any free bet no deposit bonus means it is added to your account without any transferring counterpart of your money. It may be a reward, in which case it tends to be free of rollover, or a sign-up bonus, which is often linked to wagering requirements. Pay extra attention to this variation to avoid having your funds locked.
- Deposit Free Bet: Despite having “free” in its name, this type of bonus requires a deposit. It might have a fixed value that is triggered by any amount from the minimum deposit required or be totally proportional to how much you transfer.
- Matched Free Bet: Your account might receive a free bet that matches a bet you have made in value and possibilities. That is often the case when you get a risk-free bet, in which case you only get the freebie in case your first try misses.
Looking up betting sites with free bets can return a lot of promotions that look different, but they all fit within one of these three possibilities above in one way or another.
How to Get Free Bets on Online Bookmakers?
By getting familiar with online free bets overall, you must have an idea of how they can be activated by now. Each variation will require a different trigger or behavior on your part, but this overall step-by-step can help you in any situation:
- Register an account on one of the betting sites with free bets.
- Before depositing, check for any promo code or button for no deposit free bonuses.
- Confirm the minimum deposit amount necessary for a deposit free bet.
- Transfer the amount.
If it is a free bet triggered as a deposit or welcome bonus, or even if it is a sign-up no deposit bonus, it should be redeemable in your account by now. Otherwise, if the offer requires a bet first, go ahead and place it. Even if it is a risk-free opportunity, do not be frivolous in your choice. It is better to get a bet right than to waste it just to get a free one.
Are Free Bets Always Welcome?
The two single situations in which a free bet should be avoided are very clear to us as experts. If there is any rollover on the winning amount that would be difficult to complete, especially when most of those bonuses demand none, do not take that offer.
The second situation is when the free bets require something you would not normally do and feel comfortable. For example, if it requires you to place complex parlay bets that are most probably not going well.
Other than that, it is either a freebie or a second chance that should not be wasted. Free bets are not yet rare, but they might become some day, so make sure to enjoy them while we still can!
FAQs
They can have, although that is not as common as with deposit money bonuses.
That form of bonus only gives bettors the profit generated from that bet, not the value it had when placed.
It depends on each promotion’s rules and what the sportsbooks consider necessary. As long as you are legally eligible to bet and conclude their requirements, you can receive that bonus.
When that is the trigger for the bonus, you need to deposit. There are no deposit free spin bonuses out there triggered by signing up only, but those are quite rare.
