All online gambling platforms are going to have a welcome offer for new customers. This is a great incentive for new players to sign up for an account. These welcome offers come in many different shapes and sizes. Different people will prefer different types of bonuses. One of the most popular types of welcome offer is a no deposit bonus. This is an offer that means you do not need to deposit any funds to your account before receiving your bonus. Therefore, all you need to do is sign up for an account and you do not have to outlay any risk whatsoever in order to take advantage of this offer. This no deposit bonus very often will be in the form of a free bet when it comes to a sports betting platform. This will see you get a free bet of a certain size.
Some platforms will allow you to split this free bet into different bets, whereas some platforms will make you wager the entire free bet in one go. If your free bets online are a winner, you will then have to wager the resulting winnings a certain amount of times before they can be cashed out in most cases. You will also usually not get the stake sum returned to you, it will just be the winnings from the free bet. You should always read the fine print of an offer before signing up for a new account to be sure that you know what you are getting yourself into. For some platforms, there will be minimum odds on which you have to place this sports bet on.
6 Criteria for a Good Betting Bonus
When it comes to sports betting welcome bonuses and free bets, they come in many different forms. This is why it is important that you do your research or use a platform like captaingambling to quickly see what the strengths and weaknesses of a given offer may be. At captaingambling, there are six key criteria used when looking at a free bet no deposit bonus offer.
Type of bonus
Your first port of call when it comes to assessing a welcome bonus on a given platform is seeing what type of betting online bonus is on offer. This can range widely from no deposit bonuses like free bets to bonuses that match the size of your first deposit. There are also the likes of cashback bonuses and risk-free bets that could be on offer. You need to know what type of bonus is best suited to your specific needs.
Size of the bonus
The next port of call is to compare the size of the bonus. This will vary from operator to operator. Some will have bonus offers that will give you hundreds of dollars worth of bonus funds, whereas others may be as small as a $10 free bet. However, the size of the bet is not the be all and end all. You need to determine what the probability of you actually being able to turn these bonus funds into cash may be. This means that you may be better off with a $10 risk free bet rather than a $500 deposit bonus offer. Take a look at our guides to the current DRF bets promotions and latest TheScore bet promo codefor a good variety.
Terms and Conditions
When it comes to bonuses, operators like to make them nice and flashy to try and draw new players in. However, often times when you peak beneath the surface you will see that not everything is so rosy. There may be hefty wagering requirements, bonuses may need to be wagered within a very short space of time or only a certain amount of the bonus may be able to be withdrawn as cash. This is why you need to make sure you know exactly what you are getting yourself in for.
Wagering Requirements
The wagering requirements are the amount of times you need to wager the bonus funds before they can be withdrawn from your account as cash. Sometimes there will be no wagering requirements whatsoever - what you win is what you get to keep. However, most sports betting sites will have some form of requirements. Usually, the bigger the bonus funds on offer, the tougher the requirements may be. This means that you will only have a slim chance of actually benefiting from the bonus. Therefore, this is a key consideration when it comes to choosing a good welcome offer.
Banking Options
All platforms are going to have a variety of different deposit and withdrawal options. However, some will be more limited than others and may charge you fees for using certain options. Therefore, before signing up for a new account to obtain a welcome bonus, you need to make sure that it is easy for you to deposit and withdraw funds from this respective account. The most popular options for withdrawing among players will be e-wallets.
While an online betting platform may have a great welcome bonus offer, you want to make sure that they can be trusted with your funds and personal information. You want to double check that they have proper security measures in place to ward off potential attacks from nefarious individuals. You also want to make sure that the company is still going to be around and financially liquid enough to allow you to withdraw your funds when you need to do so.
Legal situation in the USA
The United States is going through a massive change in its gambling landscape. States that were previously very conservative when it comes to gambling are now embracing the sector. It is a great way for them to raise tax revenues, as well as to help eliminate the black markets that are in operation in their jurisdictions. The federal ban on sports betting was ended following a vote in the Supreme Court in May 2018. Since then, many states have legalized the activity and many more are set to follow suit in the near future.
Preview on the Betting Market
Going forward, the online gambling sector is only going to go from strength to strength. More states will open up their legislation to allow online gambling and sports betting. This will mean that more markets will be opened up and innovative features will be brought to the table for players to enjoy.
5 Important Questions and Answers About Free Bets
Free bets are always a great way for you to get your new account started off on the right foot. They come in a variety of different forms but the principle is still the same. Here are some common questions people may have about free bets.
Do I have to use the entire free bet at one time?It depends on the specific offer. Some operators will make you use the entire free bet in one go whereas others allow you to break it up into smaller increments.
Do you need to make a deposit to get a free bet?This also varies depending on the operator. Some will have no deposit offers which give you a free bet without having to deposit any funds. Others will require to make a minimum deposit before the free bet gets put into your account.
Do you get the entire free bet if it is successful?In most cases you will only get the winnings of the free bet back if it is a winning bet. These funds may also have to be wagered a certain amount of times before they can be cashed out or they may be instantly cashed out in a lot of cases.
Is there a certain type of bet you need to make?Some free bets will require you to place it on a market that has minimum odds while others can only be placed on certain types of markets.
Do free bets expire? Yes, you will usually only have a limited amount of time in order to use this free bet before it expires.
Captaingambling is a platform that takes all of the hard work of finding the best online gambling platform out for you. You will be able to quickly filter out the options to see what platforms are open for you to use. You will also see objective reviews of their various aspects to see if suits your needs. Finally, there is a great community on the platform that you can interact with, offering lifelong friendships.
