What is a Free Bet?
You can be forgiven for not being familiar with what a free bet is, how to use it or where to get it; they aren’t very common at all in India. But fear not, we’re going to tell you all you need to know about free bets!
A free bet is essentially a bet where the stake is provided by the betting site and not by the customer. Therefore as the customer, you have absolutely no risk whatsoever. If the bet wins, then great, you can take out the winnings as real cash! If the bet loses, fear not, because it wasn’t your money anyway.
In our opinion, the free bet is the most valuable of all offers you can get at an online betting site, which is probably why they’re hard to find!
The terms of most free bets will likely dictate what the minimum odds have to be. This means that you can only use your free bet on odds over a certain size. The size varies between bookmakers but usually hovers between 1.5 and 2.0.
Why does it matter what the minimum odds are? It’s a good question. Basically the minimum odds are there to protect the betting site from giving out free money to people who try to abuse their good faith. If there are odds of something like 1.2 then it’s basically a given that it will win and they will be giving away free money with very little risk.
How is it different from a Bonus?
Now, a bonus is something that you will see from nearly every betting site as their welcome offer. A welcome bonus, or any bonus, will have wagering requirements attached to it which means you will have to wager the bonus money a certain number of times before you can withdraw it as real cash. Whereas, if you place a free bet and it wins you get real cash straight away.
How do you get a Free Bet?
The only time you’ll ever really get a free bet is when you sign up as a new customer to an online betting site. As the offer is so generous in it’s nature, you won’t be given them at any other time really. Possibly if you’re lucky you might receive one for the IPL or another huge event.
At the moment they’re hard to find in India, but in other countries like the UK you’ll see them everywhere. As online betting becomes more popular over here we believe it’s likely that there’ll be more and more available.
Where can you get a free bet in India?
As you can see from the top of this page, the only free bet available to Indian betting enthusiasts at the moment is from Royal Panda. It’s worth up to ₹2,000 and can be claimed in three simple steps which you can see below:
- Sign up as a new customer at Royal Panda here.
- Deposit using your preferred payment method.
- Place your first bet of up to ₹2,000 and you will automatically be credited with a free bet of the same amount.
- Use your free bet on any sport with minimum odds of 2.0.