Freebets have become one of the main
attractions of the big bookmakers. They are very attractive for those
who are new to the rich world of sports betting and who are still a bit wary of
using their own money to bet.
If you want to know what a freebet is and how
it differs from a bonus, read on as we tell you everything you need to know
about this type of betting.
A freebet offers a certain amount of money from
the bookmaker, who
lends it to the punter to place a bet. However, winnings from a freebet cannot
be withdrawn. It is possible to do so with a bonus, but it is necessary to meet
certain requirements in order to obtain them. And the conditions can be quite
demanding, depending on how each user approaches sports betting.
Freebets are mainly the main attraction of
bookmakers and can be obtained in several ways: through temporary
promotions, as part of a loyalty tool for inactive users, or by registering as
a new user.
Temporary promotions are the most common way to get
freebets. From time to time, bookmakers offer a couple of weekly opportunities
to win freebets by betting on featured events in any sport. Some may have
additional requirements, such as being a new user, but they can also be found
without any additional provisions.
Freebets as an incentive for new users are almost
always obtained by registering as a new user at a bookmaker. An initial deposit
may be required to qualify for a freebet, although in some rooms this
requirement may be waived.
Finally, freebets for inactive users are
exclusive to those who have not placed any bets or made any deposits in a
certain period of time.
Although a freebet is not the best way to win money,
they are a great tool to start defining our strategies without having to spend
our money. Having a betting strategy at hand is essential if we want to
get serious about winning money and increasing the potential of our plays, but
we won't achieve this if we experiment with money that we are likely to lose.
That's why freebets are ideal for
inexperienced bettors who have little to win and a lot to lose and need to
put into practice some of the principles of sports betting that they have
learnt in theory.
Broadly speaking, here's what you need to
know about a freebet:
Although they share some aspects, a bonus and a
freebet are different elements that fall within the incentives and loyalty
tools used by bookmakers to encourage users and allow them to continue
training to perfect their technique, without exposing themselves to losses
with new strategies.
Therefore, we cannot consider a bonus and a
freebet as the same thing. Freebets are bets on which there is actually no
winnings that can be withdrawn. They have no special conditions, as they
are a "proof" that the bookmaker lends to the user. However, with a
bonus (which we can consider a type of freebet), we can obtain withdrawable
winnings. This is the main and big difference between one and the other.
On the other hand, bonuses do not have the same
legal validity in all territories as freebets. For example, the case of
Spain is quite illustrative: freebets are allowed in some variants, but
no-deposit bonuses are not. This incentive was regulated by the Spanish Royal
Decree 958/2020 of 3 November on Commercial Communications of Gambling
Activities in Spain, which prevented bookmakers from offering welcome bonuses
to new users.
However, freebets can be used and are a
splendid tool to start getting used to the dynamics of sports betting without
exposing yourself to losses. Moreover, since they are offered in a gradual and
limited way, they are a good tool to encourage discipline and to
establish a learning routine, allowing that once or twice a week any user can
enjoy the possibilities offered by a freebet to experiment with new strategies,
try a new betting method or simply gain confidence.
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