vbet10: What is the principle of free betting?

We’ve talked about free bet terms and conditions and this time we’re actually looking at free bets from different bookmakers to see how exactly they work and what their drawbacks are.

One bookmaker – let’s call it Regret Winner – is offering new players £25 in free betting money. Taking a closer look at this offer, according to its terms and conditions you must bet your own cash on an option with odds of at least 2.00, unless it is four times or higher. They will then give away up to £25 in ‘offer cash’ equivalent to this bet.

Essentially, the bookmaker tells you to bet your own money on a specified selection before giving you something. At 2.00 or higher, the odds of winning the bet are actually less than 50%.

shortcoming:
Free betting usually requires you to use your own money to bet the same amount as the bookmaker’s grant
Bookmakers direct you to bet on markets that are less profitable or unprofitable
To withdraw money, you need to make more bets
Once this condition is met, you must stake four times your initial bonus amount and those bets have been settled before you can withdraw any winnings from the promotion cash.

So, even with the £25 cash offer, you’ll need to stake at least another £100 of your own money before you can withdraw it.

The more funds, the more conditions
Some bookmakers – we call them Dad Power – try to lure customers with huge free bets – offering up to £250 in free money.

However, there is no such thing as a free lunch; to get this money, you need to bet £50, the bookmaker will give you £50, and then you need to bet four more £50s to receive the second free £50 bet. Four more £50 bets and they give you another £50, and you make 10 more £50 bets to receive £250.

The entire scheme requires bettors to stake £1,000 of their own money to receive a free bet worth £250. Oh, and all bets must also be placed at a minimum odds of 1.50. Now you know what £250 free betting costs, right?

Another bookmaker – let’s call it Bet123 – has its own way of doing high stakes free betting. It offers up to £200 in free bets, provided players deposit an equal amount and bet on games with minimum odds of 1.50.

You will then need to successfully roll over (re-bet) your total deposit and bonus three times before you can withdraw it. This means that if you deposit £200, you will have to invest £1,200 {£200 deposit*3 + £200 bonus*3} before you can withdraw. Other conditions prohibit you from betting on the Asian Handicap, Goal Line and Baseball Money Line markets.

Risk-free betting
A slightly different incentive, but no less devious, is risk-free betting. To get free bets, you have to lose your first bet (up to a certain amount), which essentially gives you the money you lost back. However, it’s not as simple as it seems. This so-called risk-free bet requires you to stake your own money first, and you must stake a higher amount than your risk-free stake before you can withdraw.

One bookmaker – let’s call them Swamp – is offering a £10 free bet, but you must first stake £10 (from your own money) at odds of at least 2.00 before you can receive the £10 bonus. The bonus amount needs to be rolled over three times at odds of 2.00 or higher before you can withdraw it.

Conclusion: Don’t waste time and money
These so-called incentives are actually a waste of your time and money. If you want to see your money again you have to take the time to study these terms and conditions, the unprofitable odds offered by these bookmakers will cost bettors big bucks over a long period of time.

It’s wise to choose a low-margin bookmaker (like vbet10) that offers much better odds than bookmakers that offer incentives.