Online sports betting is a very good way to gain pleasure as well as make a lot of money. So many people have been able to make it big via sports betting. However, there are extras like free bets that these categories of bettors use to boost their chances of winning more. Other bettors may have heard of these extras, but few have explored them due to a lack of adequate information.
A free bet is a type of promotional offer given to punters by betting platforms. This sort of offer allows punters to make a wager without using any of the money that they have placed into their account (bankroll). The majority of online sportsbooks provide new customers with free bets. They do this so that their new patrons can become accustomed to using either the mobile website or the mobile application.
Generally speaking, all bonuses and promotions, including free bets offered by Sportsbooks, are meant to attract new punters as well as keep the veterans coming back for more. This is because the sheer number of online betting sites is quite huge, and there is intense competition among these bookmakers for gamers.
Generally, Online betting sites provide a variety of games to punters, and most of these games are played with real money. Furthermore, Africa-serving Sportsbooks offer a wide range of bonuses and promotions, including free bets as a means of attracting more people. In this article, Betting Tips Africa will take a look at the full meaning of free bets and how to use them to make more profit.
However, before we delve into the main objective of this article, let us take a brief detour to highlight some of the best Sportsbooks working in Africa that offer free bets as promotions to punters.
Sportsbooks Offering Free Bets In Africa 2023
Bet365
Bet365 is one of the best bookmakers offering free bets as promotions to players. The Bookie was established in the year 2000 in Stoke-on-Trent, United Kingdom. Bet365 has a variety of games available to customers, as well as one of the most versatile bonuses and promotions. We highly recommend them, as they offer one of the best sports betting services. To learn more about the Bookie, you can go through our thorough Bet365 review here.
1xBet
This bookmaker is a gigantic platform well-known around the globe. 1xBet was founded in 2007 and has its headquarters in Limassol, Cyprus. This bookmaker accepts gamers from numerous locations and is one of the best when it comes to bonuses and promotions. They also offer free bets to their patrons and are highly recommended by our experts. To read more about 1xBet, please click this review page.
Melbet
Melbet was established in the year 2012 and originated from Eastern Europe. The Bookie is owned and managed by Pelican Entertainment Ltd. This company is one of the most esteemed organisations in the world. Melbet offers a huge number of bonuses and promotions, including free bets. Melbet’s headquarters is located in Nikou Pattichi 108, Limassol, Cyprus. Click on this review page link to learn everything about MelBet.
William Hill
William Hill is one of the biggest sports betting sites in the world. The Bookie has served the African region for a long time, which has built unbreakable trust between both parties. William Hill first commenced operations in 1934 from its base in London, England. The company is owned via the conjunction of Caesars and 888 Holdings. In 2021, Caesars paid $3.7 billion to acquire William Hill, which was situated in the United Kingdom. One year later, it sold William Hill’s European businesses to 888 Holdings for a price of $2.6 billion. Click this William Hill review page to read more about the gigantic Bookie.
How To Use Free Bets To Make Profit In 2023
As previously explained, Free bets are a type of promotion where the sportsbook covers the risk of the wager at no cost to the bettor. Depending on the Bookie, these forms of promotion are available to everyone, not just new customers. Free Bets are incredibly useful because punters/users are not responsible for providing the stake. So, free bets can be considered an opportunity to stake a free, low-risk wager.
As a punter, maximising the benefits that free bets provide is an important way to make sizeable profits. This is the aim of this article on Betting Tips Africa. And we will tell you how to maximise your free bets benefits below.
As a quick thinker, some bettors (especially novices) may think they should spend their free bets on a favourite team. This will be their default thought because they are sure that it wouldn’t hurt much as they won’t end up losing any money. On the other hand, this could turn out to be a trick due to ONE KEY DIFFERENCE, they will not get their initial stake amount back when they win the wager. Sounds strange, right? Let’s explain.
When you place a wager using free bets, there is no actual cash transaction involved as the Sportsbook will actually be the one covering your stake. So, if you use a free bet and win, the amount of the free bet you initially used to stake will not be included in the profits that are returned to you. Instead, you will only be paid winnings equal to the money that you won from the game. It can also be said that the sportsbook is not taking any financial risk on your behalf and is merely covering your bet in the wager.
Illustration
If you have a €250 free bet and you place it on Chelsea, who are backed at 1.22 odds to defeat Manchester United, your winnings will only be €62.50 because the value of your stake will not be added. Although you won the wager, you will only collect €62.50 because the free €250 wager was bankrolled by the Sportsbook. And is a one-time offer. Using this strategy, any bettor won’t be getting the most out of the free bets as winnings are not maximised.
Another example is this. Assume that you win a €50 free bet and place it on Manchester-City at 1.91 odds to win against Newcastle. If your bet wins, you will not be paid the €50 you risked plus the €45.5 in winnings. Your total winnings will be €45.5 because the Bookie placed your stake, and you did not risk any personal money.
Verdict
Looking at the value of free bets and how it translates to winnings, we think bettors should wager on outcomes with higher expected values (odds). In other words, underdogs and long-odds games, where the payout is more in winnings than stake, are the best places to use free bets.
