What are No Deposit Bonuses in sports betting? A no deposit bonus is a bonus offered by an online sportsbook or online casino that allows you to place bets without depositing real money. You usually receive a no deposit bonus just for signing up, and can win real money if your bet(s) is successful. The Sports Betting bonus no deposit suggests that something is being received for free. This free thing being received is the bonus that a bookie offers new customers when they open a new betting account.
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If you’re a user of an online sportsbook today, you are sure to have come across a variety of free bet offers. These may be awarded when your bet loses in a certain way, when making a deposit to a site, or as a bonus for simply signing up to a site.
These free bets can come in all shapes and sizes, and to take full advantage, it is good to have a real understanding as to how each of the free bet offers work. In an industry where making a profit can be a tough ask, taking advantage of these free bets can be the difference between beating the sportsbook and losing.
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This article is divided into the following sections, detailing exactly how free bets work and explaining the different types of offers you’ll find online:
- How a Free Bet Works: A breakdown of the mechanics of free bets.
- How to Claim Free Bet Offers: Detailing bonus codes and where to find the offers.
- Types of Free Bet Bonuses: A detailed analysis of risk-free bets, free bets, match bets, no deposit offers, and money back offers.
How do free bet bonuses work?
Free Bet offers are unusual in that they are advantageous for both the customer and the sportsbook.
- The customer is more than happy, as they have these free bets to play with, with the potential to earn free money on the back of them.
- The sportsbooks are happy as they provide a great way of attracting new customers to their site – and sportsbooks thrive on customers.
As you’ll read below, free bets can come in a variety of ways. They might be based on making a deposit, or simply placing a bet. Generally, the free bet award will be minus your stake. For example, if you were to place a $100 free bet wager at odds of +200 and it won, you’d be awarded $200, but not receive the stake back as well. Occasionally, you might find a free bet where the stake is included – look out for these, as they can offer far more lucrative rewards.
It always pays to read the terms and conditions of any free bet offers. It’s usual practice to only offer one per household (this is to stop the one gambler in the family opening multiple accounts for every other relative who lives at the same address). Age restrictions will be in place too.
How to claim a free bet no-deposit offer
The way you’ll claim a free bet will change from site to site and be dependent on the promotion. For example, if your free bet is on the back of an initial deposit bonus, the free bet might be allocated to your account immediately.
The same prompt reward might come your way if you’ve won a free bet on the back of a loss. Other times you might have to enter a bonus code to claim your free cash. It’s always a good move to read through those terms and conditions first if you’re not sure – there is nothing more annoying than losing out on a free bet because you didn’t realize you had to enter an advertised bonus code.
Bonus codes will usually come from the site itself, although in certain circumstances, you might find a bonus code offered by a third-party company.
Any time you sign up to a new site (or even better, thinking of signing up to a new site), your first port of call should always be to the ‘Promotions’ page. This is where you’ll find all of the offers available, including the welcome package as well as any ongoing promotions and loyalty schemes.
Types of free bet bonuses
It wasn’t so long ago that free bets were almost unheard of. In the early days of online gambling, customers were simply pleased that online sportsbooks were there. People couldn’t take advantage of the offers because there were none. However, as competition within the industry has grown, sportsbooks have developed a number of ways of attracting new customers with free bet offers.
Here is a detailed rundown of all of the different types of free bets bonuses you can enjoy at an online sportsbook:
Risk-free bets
There is nothing more enjoyable than a risk-free bet. Like many of the offers listed below, these are usually reserved for new customers at a sportsbook. They will require you to make an initial deposit and then place that first wager. If the bet wins its business as usual and you’ve made a fine start with your new account. If the bet loses, the ‘risk free’ part comes in.
At this point, the sportsbook will refund your stake in the form of a free bet. You’re now free to place another bet. Effectively with this type of bonus offer you are freerolling with your first bet.
In most cases, the free bet award will not include your stake if it wins. Check the terms and conditions as there will usually be deadlines for both placing the initial bet and then placing the second bet (if the first one should lose). With generally shorter deadlines, aim to place short term wagers instead of heading to the futures markets.
A good example of a risk-free bet is the one offered by FanDuel Sportsbook, where they’ll give you a free bet of up to $500. If your bet loses, it’s like it never happened.
No deposit offers
No deposit offers are some of the most enjoyable promotions you’ll find online. The idea behind them is that you can bet for free (and potentially make some cash!) and that you’ll enjoy the site so much you’ll stick around. On this basis, you’ll usually find these offers at those sportsbooks that do offer a good service overall.
These no deposit offers are usually on the smaller side of the bonus amounts, maybe in the region of $10 or $20. Unfortunately, it’s not quite as simple as placing the free bonus cash as a wager and withdrawing the winnings. You’ll usually find a play-through requirement with these offers. If you take a $20 no deposit offer with a 15x playthrough requirement, you’ll have to wager a total of $300 to make the cash yours.
At DraftKings Sportsbook you can enjoy a free $25 no deposit bonus – perfect if you want to ‘try before you buy’ and give your account an instant boost.
Matched bet bonuses
Another good bonus variant is the matched bet bonus. Having made your first deposit and placed that first bet, the sportsbook will give you a free bet up to the same amount. This is similar to the risk-free bet in that if your initial bet loses, you’ll have another chance with the free bet. However, this has a distinct advantage, in that if the initial bet wins, you’ll still gain the free bet.
Very similar (again) to the matched bet bonus is the matched deposit bonus. This time the size of the free matched bet is based on the size of your initial deposit (as opposed to the size of the first bet).
In both of the above cases, you might find more stringent playthrough requirements due to the greater generosity of the offer.
William Hill New Jersey operates a scheme along these lines, where once you’ve deposited and placed bets up to the value of $50 or more, they’ll give you a free $50 to play with.
Money-back free bets
One of the most interesting developments in bonuses and promotions is the introduction of money back bets if a wager loses in a certain way. Here’s some good examples of these free bet offers:
- Back a baseball team and they lose in extra innings.
- Bet on a basketball team and they lose in overtime.
- If a bet on a soccer team fails due to a goal being scored after 80 minutes.
- Place a soccer wager on a selected market and have the game finish without a goal.
In all of these cases, your free bet award will be without the initial stake, so you’ll only receive the winning portion should your free bet win.
At some sportsbooks, like FanDuel, you’ll also find insurance bets which work in a similar way. These promotions work with parlays with a minimum number of selections. If one leg of the parlay lets you down, you’ll receive your initial stake back as a free bet.
Many of the above offers (including the overtime in basketball, the extra innings in baseball and the goal scored after the 80th minute in soccer) are available at BetStars New Jersey.
Other free bet offers
As well as the popular methods employed above, you might also find many other ways of enjoying free bets.
Particular promotions might state that if you wager a certain amount on a given sport during a set time period, you’ll be awarded an additional free bet.
For example, at BetStars Sportsbook if you bet $25 within any given Monday and Sunday, you’ll be awarded a free bet of $5. Another good example is at William Hill, where they’ll refund you 20% of your losses as a free bet on any 4-team losing parlays in baseball. MGM runs a similar promotion, offering you 10% back on any losses during the NBA playoffs.
Loyalty schemes are a good way to enjoy free betting too. Many online sportsbooks offer reward programs, where you’ll earn points every time you place a bet. You’ll be able to turn these points into cash or free bet credits. These loyalty schemes are usually linked into VIP clubs too, which can lead to further benefits – the quicker you earn these points, the larger range of additional benefits will come your way.
Advantages of free bets offers
Obviously, any time you receive a free bet, it will feel like a bonus. However, when you look at it from a numbers point of view, these free bets can make a real difference.
Every time a sportsbook offers odds on an event, they have their own ‘juice’ incorporated into the odds. For example, in a two-way market, you’ll usually find odds of -110 for each side of the market. This effectively means that in a 50/50 bet, you’ll get slightly less than double your money back – this is where the sportsbook takes their cut (this is a necessary evil, as without that cut, sportsbooks wouldn’t exist and none of us would be able to place a wager).
If you incorporate these free bets effectively into your betting strategy, instead of the sportsbooks having the edge, you can turn it around and have the edge yourself. Many of the offers detailed above can effectively double your initial deposit or bet, turning those odds hugely in your favor.
These free bet offers usually come when opening a new account, so can add to the feel-good factor with that account and give you added confidence in your selections too. Knowing, for example, that you have a risk-free bet first up with a new account, you have that element of freedom. If the bet wins, you’re off to flying start at the new sportsbook – and if it loses you’ve got a second bite of the cherry.
Disadvantages of free bets?
It seems strange to talk about disadvantages when it comes to free bets. However, at times you have to be a little careful, especially when around lesser well-known sportsbooks.
For example, you might find a free bet offer where there is a huge playthrough requirement. This could effectively mean that you’ll be tied to placing an impossibly large number of bets (sometimes within a short time scale) to clear the free bet funds. In these instances, the sportsbooks will have more than got their money back through the juice gained by placing all of these additional bets.
Again, always check the terms and conditions when signing up to a new site. A good piece of advice is to stick with the regulated and state-sanctioned sportsbooks. These perfectly legal sportsbooks want to keep their customers happy, so their offers and promotions are geared to give the good sports bettor an increased chance of success.
Rules and regulations with no deposit bonuses
Whenever there is a free bet offer, you’ll usually find a series of rules and regulations around the free bet offer. It’s always handy to know exactly what these are, so head into those terms and conditions again to find out exactly what you need to do – just to ensure you don’t fall foul and lose out. Here are some common rules around free bets:
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- The free bets must be placed at a minimum odds level. This will usually be odds of around -200 (or 1.5 in decimal).
- There will be a time limit. Usually, you’ll have a longer time limit to place any qualifying bets, with a short time limit (of possibly just seven days) to place the free bet.
- Free bets usually need to be placed as a straight wager. Parlays might be allowable too, but bets such as round robins (where you can hedge your bets a little) are usually not allowed.
- Free bet offers are usually limited to one per household – so even if you are genuinely opening a new account, the sportsbook might deny the promotion if a family member has already taken it up.
- Many sites will require location verification, ensuring you are indeed betting from within the state/country you say you are betting in. This can be done through using the appropriate settings on your mobile device, or location software added to your desktop/laptop. Ensure you’re the appropriate age too!
Free bets overview and advice
With so many sportsbooks bombarding you with free bets and other promotions, it can pay dividends to spend a little bit of time choosing the right one. Head to their promotions page and check out exactly what each site offers. You might want to take advantage of a large risk-free bet or be more drawn to that impressive matched bet bonus. Check out what offers are available on your favorite sports too – there’s no point in joining a site that is geared towards offering NFL promotions, if you’re going to be baseball betting throughout the year (and vice versa).
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Choose the right free bet offers and your sportsbook account could enjoy a nice, healthy boost.
You wouldn’t buy a car without a test drive, right? Why would you join a sportsbook without a test run? Fortunately, there are a few New Jersey sportsbooks that are offering a free bet simply for signing up with an account.
Most promotions and bonuses come after you make your first deposit. There is nothing wrong with that. They want to give you free money and free bets, but they want to make sure that they get some sort of investment from you first. Many places offer risk-free bets up to X dollars. Some places match your deposit with 50% or 100% in bonus money.
They want to get you in. You can’t blame them. The more money you deposit, the more likely you are to stay. It’s just like anything else. Why do they give you free rooms in Las Vegas? To get you through the door to gamble and eat at the restaurants and go to the shows. Why do credit cards give you big bonus offers of points and miles when you meet a certain spending threshold? Because they know you are guaranteed to spend at least that much money.
Test driving a car, going into the simulator and swinging a driver, and samples from the local grocery store or Costco all have one thing in common. They want to make the consumer comfortable so that he or she buys. It is a message of confidence. “You’re going to like this and you’re going to buy it.”
When it comes to the sports betting industry, competition is at a fever pitch. There are a ton of options and opportunities out there. Only a few sportsbooks allow you to “try before you buy” through free bets just for “test driving” the software, the app, and/or the website.
DraftKings, Fox Bet NJ, 888sport, and Caesars are the four primary operators in the state of New Jersey that allow users the opportunity to see what everything is all about before making a substantial investment through a deposit.
What is a no deposit free bet? It is exactly what it sounds like. Download the app or visit the website. Sign up for an account. Just by showing interest in the product and providing the personal information that all online sportsbooks will request, you’ll get rewarded for your time and your intrigue.
Before we get too far, let’s get something obvious out of the way. You won’t be able to bet a 12-team parlay lottery ticket with your free bet. Be prepared to bet a spread or a total with reasonable juice.
By clicking on the links to the specific sportsbooks, you can see our full-fledged reviews. Here, we’ll keep it short and sweet.
William Hill – William Hill is recognized worldwide as one of the industry’s top sportsbook operations. And they want to show you why. If you simply sign up for an account, you will get a $10 no-deposit free bet credit to test drive the app or the website. Think about that. $10 for less than five minutes of your time. Talk about some great ROI!
If you like what you see, and you know you will based on the reputation that William Hill has across the globe, you can fund your account and get a free deposit match bonus of up to $150 to take advantage of all of the betting options offered, including spreads, money lines, totals, props, and a whole lot more.
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DraftKings Sportsbook – DraftKings is a titan in the sports betting business. It started with daily fantasy sports and now it has expanded to include sports betting in New Jersey, Pennsylvania, West Virginia, and Indiana. Along with the choice of a deposit bonus or a risk-free bet, DraftKings is offering new users $25 for free, just for signing up for an account and trying out the app.
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DraftKings offers this promotion in the form of five $5 free bets. Small stakes to be sure, but think back to the Costco-esque example of a free sample. You get a little taste. Are you going to want more? That’s what the expectation is from DraftKings, so they give you the option to try a sample.
Fox Bet NJ – Formerly known as BetStars, Fox Bet is willing to give $20 in bonus cash with no deposit required. Upon deposit, different promotions and bonuses are available, but a free Andrew Jackson awaits just by getting an account and trying out Fox Bet.
It isn’t hard to sign up. Your name. Your email addy. Your telephone number, DOB, and address. Simple, easy, worth $20, right? Keep in mind that it doesn’t mean that you have to make a deposit if you don’t like what you see. It just means that you have $20 to play with.
888sport – This operator is fairly new to North America, but 888sport is a major player over in Europe. You can get a free $10 to bet with just by signing up with 888. Again, that is a no deposit free bet.
The small print is important to read at 888sport. The $10 bonus has to be used within five days of being credited to the account and the wagers must be placed on bets that have odds of -200 or greater. Also, winning bets must be wagered at least six times within five calendar days before being withdrawn. Still, even with the small print you have to squint to read, it’s free money!
Caesars – Isn’t it crazy to think that you would need to try a major gambling operator like Caesars on for size? Even if you know your size with your favorite jeans manufacturer, don’t you still make sure anyway? You can do that with a free $10 from Caesars. Haven’t you ever said to a friend, “I wouldn’t bet that side with your $10!”? Well, maybe you’d bet it with house money?
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Signing up with the bonus code BETFREE 10 gives you that opportunity. The cash bet must have odds of -200 or higher. You can actually bet a parlay at Caesars with your free bet, but all legs of the parlay must be -200 or greater.
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No deposit free bets are a great opportunity to get started, so consider these four mobile sportsbooks and the rest of the sportsbooks and bonuses listed here at ATS!