The online sports betting industry is extremely competitive and every online bookmaker must offer fantastic welcome bonuses to attract new customers.
Welcome bonuses can be in the form of free bets, higher odds bets, and no deposit bonuses. Here at www.bookmakeradvisor.com/uk/deposit-bonus/, we will go over what a no-deposit bonus is and provide clients with all the information they need to take advantage of one of these offers.
What is a no-deposit bonus?
A no-deposit bonus is a gift from a bookmaker in the form of a free bet for a certain amount, for which you do not need to replenish your account. All that is required is to register on the website of the betting company and verify your account.
A no-deposit bonus for registration with a withdrawal has one key advantage – if you lose, the bettor does not lose anything. Also, bonuses without a deposit allow you to make a profit without investing. But at the same time, the bonus implies a subsequent replenishment of the account – in almost all bookmakers it is impossible to withdraw money for registration without first depositing funds. Still, new bookmakers come up with conditions for wagering a bonus – for example, putting down its amount several times on certain quotes, etc.
How to pick up a no-deposit bonus for registration, what are the conditions?
This offer is provided to each new client of the company who does not have an account on the service. Therefore, to receive a bonus, this procedure is usually relevant:
Register on the bookmaker’s website.
Verify your account in any convenient way available.
If necessary, fulfill additional conditions (for example, activate a no-deposit bonus through a promotional code, fill in all the fields in the player’s profile, confirm participation in the promotion, etc.).
Get a new no-deposit bonus with withdrawal.
Fulfill the conditions for wagering (put down the amount of the bonus on the conditions specified by the bookmaker).
If you were able to successfully wager the no-deposit bonus, you can replenish your account and then withdraw the winning amount.
This procedure is relevant for most welcome promotions.
Which bookmakers offer a no-deposit bonus?
The no-deposit bonus is currently available at the following betting companies:
- Grosvenor Sports
- Mr Green Sports
- William Hill
- Guts Sports
What sports can you count on with no deposit-free bets?
So far, the range of games that can be played with these free bets has been limited.
But with increasing competition in the UK betting industry, bookmakers have been forced to expand the range of sports you can bet on with no deposit bonuses.
Today you can bet on the biggest sporting events such as football, baseball, cricket, NBA, rugby, and horse racing.
We have even seen some bookmakers allow you to bet on esports and virtual games with these free bets. Of course, the range of allowed games and events (on which you can bet) varies depending on the bookmaker.
The best approach would be to research the range of allowed games before opening an account with this bookmaker.
How to withdraw free bet winnings?
It usually takes a long time to complete all wagering requirements. It should also be noted that you still have to make a deposit before withdrawing the money won.
This is not surprising as online bookmakers are not happy to give you money for free, especially if you have not given them a cent before (say on your first deposit).
Depending on the bookmaker, you will be required to wager a fixed portion of your free bet winnings or even the entire amount.
Please note that your stake is not returned as part of your winnings. The wagering requirements and minimum odds for each eligible event are usually spelled out in the terms of the bonus.
The Matching Bet Technique is one of the most well-known and proven strategies for cashing out free bet winnings. Here’s how it works:
You get a free bet from your bookmaker and match it with a corresponding “lay” bet. This must be done at the same odds via a betting exchange platform.
This sort of intelligently hedges your chances as it significantly boosts your chances of winning.
Note that some bookmakers are outrightly against matched betting. If so, doing this could attract punitive measures.
So ensure to check the terms and conditions of your bookmaker to see if they allow you to use your free bets as matched bets.
Stay with us and we will tell you about other ways to get bonuses at bookmakers, and will also keep you up to date with the latest news from the world of betting. We also prepare the best ratings for you by bonus type and bookmaker!