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Nowadays, most online sportsbooks have welcome bonuses and free bet offers. A free matched bet is a bonus that matches the size of the first wager.
A risk-free bet lets you place a real money wager with a bonus as a safety net. All you have to do is place a bet using real money.
Playthrough or wagering requirements refer to the number of times that a bettor needs to wager their deposit amount in order for the bonus to be cashable.
These requirements will be different for each sportsbook but are important to keep in mind before placing a free bet. No, a free bet cannot be withdrawn as a cash value straight away.
Free bets will have to be wagered first, then if your bet is successful, the winnings will be valid to cash out.
Certain sportsbooks will allow you to instantly cash out the winnings if the wager is successful. In other cases, there could be a wagering requirement that applies.
No, free bets bonuses are not exclusively available for new customers. Most operators will offer loyalty rewards to existing users in the form of free bets.
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You may be wondering how you can work out the expected value of a matched betting casino offer. Whilst you can complete these calculations manually, I recommend you use a service like Bonus Accumulator.
Their advanced software calculates the expected value for you making your job much much easier. As I say, Bonus Accumulator calculates all this information for you and shows you which offers to complete and how much you should expect to make.
One of the best tips to consider before you start with matched betting casino offers is to apply bankroll management.
This is especially important for more high-risk offers. You should commit a percentage of your overall bankroll to each offer in order to spread your overall risk.
The law of large numbers means that over hundreds and thousands of offers you are mathematically likely to profit.
Next up is to check out the different types of casino offer. However, this is something you should avoid. This is something you should consider when picking a new casino offer.
Here are the most common matched betting casino offers you will encounter. Everyone should start off with these casino offers no matter what level of experience you have.
You can access risk-free and low risk casino offers at Bonus Accumulator by clicking the link below:. As the names suggest, medium and high-risk casino offers are the next step up.
These matched betting casino offers are not for beginners. They can be incredibly lucrative. You may need to wager the free bonus up to 40 times before you can turn it into withdrawable cash.
Deposit a specified amount, then get a bonus added to your balance. If you hit a win using your own cash before using the bonus — you are allowed to forfeit the bonus and withdraw.
The bonus acts as insurance if you fail to hit a win with your initial deposit. I usually aim to double or triple my initial deposit, then withdraw.
With this casino offer, you can only withdraw any potential winnings after completing the full wagering requirement. Also known as cashback offers.
Use your own money to place wagers on a specific slot or game — get a refund to a specific figure or a percentage of losses. A post wager casino bonus is received after you turn over your deposit a specified number of times.
A sticky bonus cannot be withdrawn. The bonus amount is usually deducted when you make a withdrawal. This is where Bonus Accumulator comes in.
They have hundreds of tutorials designed to take you from complete beginner to a casino matched betting pro in no time. However, as the betting landscape changes, we can use sound mathematical principles when playing casino offers.