One of the most common varieties of free bets in the online sports betting marketplace are those which match a new customer’s first deposit. With this style of free bet, the bookmaker or online casino will match the first deposit made by a customer when they open up their real money account.
However, there are often differences with this style of free bet as to how the initial deposit amount is matched by the hosting betting shop or casino. Some online bookmakers will match the initial deposit up to a certain amount, others will match a percentage of the initial deposit and some will offer a set figure depending on the amount deposited. In some rare cases, some online betting shops will offer a random amount upon sign up, however in these instances the online betting shop is often tied to an online casino.
Using online bookmakers and casinos who offer free bets in the form of matching a customer’s initial deposit is a great way for gamblers to maximise their starting bankrolls. This is also a good way for unlucky gamblers whose accounts are running low to boost their sports betting funds, as free bets awarded after opening a new account with a new bookmaker or casino are often larger than those awarded after reloading an account.
Before the free bet money which is awarded by the house can be withdrawn, though, it has to be staked. This means the free bet money cannot be immediately withdrawn.
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