One of the biggest perks of opening a new betting account is the free bet—or sometimes multiple free bets—that you receive as a reward from the betting company. The value of these free bets can vary significantly, so it’s important to shop around for the best deal when opening a new account. Some free bets start as low as £10, while others can total up to £200, spread across multiple bets as you meet specific targets to unlock the free bets. No matter the size of your free bet, make sure you use it wisely—turn it into profit instead of wasting the opportunity, as many punters often do.
To keep their existing customers happy, many bookmakers now regularly offer free bets to current customers as well. Although these free bets are often smaller, like £5 or £10, they still offer a risk-free chance to make money. Don’t overlook these offers; use them strategically to give yourself a return on the bookmaker’s free bet.
More and more people are starting to recognize the potential to turn free bets into cash, but many are still learning how to do it effectively. By acting now and using your free bets wisely, you can stay ahead of the game and cash in before everyone else catches on. There are various ways to turn free bets into cash, each with its own level of risk. Ultimately, the method you choose depends on your personal preferences and risk tolerance, but the goal is always the same—make a profit from the free bets you receive.
Turning Free Bets into Cash with No Risk
One risk-free way to turn free bets into cash is by placing two free bets on the same event, although this opportunity doesn’t come around very often. When it does, make sure you take advantage of it correctly to guarantee a profit.
If you find yourself with two free bets to use on the same event, you can place them on a two-way market, such as handicap betting or over/under markets in sports like rugby or American football. In these markets, the two potential outcomes are usually priced similarly, allowing you to guarantee a profit regardless of the result.
Here’s an example:
- £10 free bet on under 4.5 touchdowns in an NFL game at 4/5
- £10 free bet on over 4.5 touchdowns in the same NFL game at 4/5
In this case, you’ve spent nothing because both bets are free. If the game ends with fewer than 4.5 touchdowns, you win £8. If it ends with more than 4.5 touchdowns, you still win £8. Since you don’t get your stake back with free bets, the £8 profit is all you receive, but you’re guaranteed to walk away with a profit without risking any of your own money.
This method might not offer large returns, but it guarantees a win and helps build your betting bank. It’s a great way to turn free bets into profit, especially for those just getting started. If you’re unsure how to turn free bets into cash, this risk-free method is highly recommended—it allows you to experiment without risking any of your own money.
Turning Free Bets into Cash with Some Risk
The second method for turning free bets into cash involves a bit more risk, but it’s the most common approach and is often available to most punters. Although there’s some danger of losing, the potential returns are higher than with the risk-free method.
This method involves using a free bet and your own cash on a three-way market, which is common in sports like football. In this approach, you cover two out of the three possible outcomes: one with your free bet and one with your cash. The third outcome is left uncovered, meaning there’s a chance you could lose the bet.
The advantage here is that you only need one free bet, which you can get regularly as an existing customer. However, keep in mind that this method involves using your own money and there’s no guaranteed return. The reward for this extra risk is the potential for much larger returns.
Here’s an example using a football match:
- Home win at 6/4
- Draw at 2/1
- Away win at 7/4
Place the following bets:
- £10 free bet on the draw at 2/1
- £10 cash bet on the home win at 6/4
In this case, if the away team wins, you lose both bets. If the home team wins, your return is £25. If the match ends in a draw, your return is £20. This method offers bigger returns, often doubling or tripling your outlay, but remember that it carries a risk of losing your stake if the uncovered outcome happens.
It’s important to keep your stakes in line with your usual betting amounts to avoid losing too much money. If you use this method consistently, you’ll inevitably experience some losses, but the potential for bigger wins makes it worthwhile for many punters.
Make the Most of Free Bets and Improve Your Betting Success
Free bets are an often-overlooked part of betting, but they offer a valuable opportunity to make risk-free or low-risk profits. When used correctly, free bets can enhance your overall betting success and boost your profits.
Next time you receive a free bet, don’t just throw it away. Use it to your advantage and ensure you get something in return. By following the strategies outlined here and using free bets wisely, you’ll notice a steady increase in your betting profits over time.
