It is about time to give you the best answer on internet about the difference between Free Bets and Risk Free Bets. We start our guide with a short comparison of both terms that are frequently used by prediction sites for their campaigns. Then we continue by providing you with detailed information on each of those two famous sportsbook offers.
Main Differences Explained
Both free bets and risk free bets are normally valid in single or combination bets at prediction sites online. These are seldom available for multi-single bets or system bets, unless otherwise stated in the T&Cs for your sportsbook. The amount of both these bonuses cannot be split.
A Free Bet is a specified amount of “free” money that can be used to place a bet at prediction sites online. Therefore, you normally are not required to make a deposit or use your own real money. If your bet loses, the fee bet money is lost as well. If your bet wins, you will be credited with bonus money in the amount of the net winnings.
A Risk Free Bet, however, is a token you receive from your prediction site. It can use by placing a bet with your own money first and it is always a specified amount. If your bet loses, you get the stake amount back to your account. If your bet wins, you will be credited with bonus money in the amount of net winnings.
What is a Free Bet?
A Free Bet entitles you to place a bet at the expense of the betting site. You can place a bet without the use of your real money you deposited. If you lose, the bonus stake is not refunded. If you win however, only the net winnings will be added to your online sportsbook account. Note that your net winnings need to be wagered before being available to withdraw.
To claim your Free Bet, find and select any pre-live or live market you wish to bet on. Once you select this market, the bet slip loads. At most prediction sites online this would happen on the right-hand side with your preferred selection. To claim your Free Bet, you are normally required to tick the box in the bet slip and, then, continue with placing your bet.
Once you have used your free bet and it is settled as won, note that your net winnings will be credited to your account as bonus money. At betting sites online your net winnings are defined as the winnings amount minus the initial stake.
What is a Risk Free Bet?
A Risk Free Bet is a slightly different sportsbook bonus. It entitles you to place a bet while eliminating the risk of losing the stake you make. You start by placing a bet with your real funds. If you win, you keep all your winnings, just as usual. If you lose, the betting site will refund your stake with real money into your account. Your winnings will have to be wagered before being available to withdraw. No matter the outcome, your betting stake is always available for withdrawal once your bet is settled.
To claim your Risk Free Bet at prediction site of your choice, find and select any pre-live or live market you wish to bet on. Then follow exactly the same steps as described above for claiming your free bet bonus. Once you have used your risk free bet and it is settled as lost, the betting site personnel will credit the initial stake back to your betting account without any wagering conditions. If your risk free bet wins, please note that your net winnings will be credited to your online player account as bonus money.