With the competition in the online betting space heating up, most websites like 888 sport, Betway, or Bet365 offer promotions and bonuses as a way to attract a new player. The promotion may be in the form of a first deposit bonus, where a player gets some amount of money credited in their account, as a percentage of the deposits they make. Another popular way of incentivizing players is by offering them free bets. Can I withdraw my free bet winnings?
It may sound too good to be true but you can. A few terms and conditions have to be met, of course. Read on.
Can I withdraw my free bet winnings?
The word `free bet´ itself sounds like a great proposition for players. But betting websites are not in the business of losing money. While free bets may be offered as a bonus for depositing money for the first time in your account, or as a bonus after placing bets worth a certain amount, most free bets are subject to various terms and conditions. Free bets can most certainly not be encashed and withdrawn. They must be used to bet, and the winnings associated with them may be withdrawn.
Wagering requirements and minimum odds
Bookmakers may subject free bets to minimum wagering requirements, which is the number of times that you will have to wager your free bet before you can withdraw your winnings.
The bookmaker may also require you to place those bets at certain minimum odds, in order for them to become real money.
Can I withdraw my free bet winnings? Once you meet all the terms and conditions associated with the free bets, and if you get lucky enough to win, the winnings will be credited to your account, and you can then withdraw them. Remember, most bookmakers do not include the original stake while crediting your account, and only the winnings are taken into consideration.
How to win using free bets
One of the most popular ways of converting your free bets to real money is by placing matched bets. You can do so by placing a `back´ bet with an online bookmaker, using their free bet, and matching it with a `lay´ bet at the same odds on a betting exchange. Whatever the outcome of the match, you are guaranteed to score a win.