Best Free Bets - The Best Betting Offers August

With so many free bets from many betting sites out there to choose from, sometimes you might become a little overwhelmed. Our team of experts personally tests and reviews and makes sure that you can get the most updated free bets codes from reputable betting sites.

Just use our advanced filter, and you'll be sure to find great free bets. Also, don't forget to read the T&Cs carefully to pick the offers that match your expectations the most.

What Is a Free Bet?

Theoretically, a free bet is a free bonus of a specific value that bettors use for particular sports and tournaments and can win real money, helping bookmakers retain and boost users' loyalty. However, there is a small note for those not familiar with this type of bonus: free bets can only be used to place bets in the sportsbooks. Therefore they cannot be withdrawn as cash.

To use the offer, gamblers need to meet requirements, including minimum deposit amount, wagering requirements, valid payment methods, availability for a specific sporting event, etc. Therefore, check the terms and conditions thoroughly, especially football or horse racing-only offers.

Are There Different Types of Free Bet Offers?

There are different variations of free bets on offer, depending on the bookmakers. Typically, big revenue-wise sportsbooks will tend to offer highly competitive potential promotions. However, not all bookmakers are eligible to award these types of big climbs. As a result, free bets are generally divided into several categories, including:

Stake Not Return (SNR): SNR is the most popular type of free bet, often referred to as "betting tokens" or "account credits". This type of free bet allows the punters to receive only the winnings, not the stake. Stake not return bets are usually offered to new bettors, but some bookies also offer existing customers this type of bonus.

Matched Free Bet: This type of free bet is usually for newcomers, and it will be matched by the bookmaker, meaning a £20 chance becomes a total of £40. However, the qualifying bets are usually much higher than the free bets for existing accounts. As a result, the matched free bet is no longer popular, but it is still awarded from time to time by new bookies entering the market.

Enhanced Odds Bonus: This type of bonus usually offers new players better odds on a sporting event than the odds ordinarily available (e.g., 8/13 odds become 33/1). Although this type of bonus can award crazy prizes, it will be riskier.

No Deposit Free Bets: This is the best free bet that requires no deposit or wagering. Therefore, it can help users avoid the risks of losing real money or worrying about entertainment at a new sportsbook.

Risk-Free Bets: Some bookies may offer new players risk-free betting promotions whereby you can receive a free bet credit if your first bet loses. However, if you fail from the second time onwards, the bookie will not refund your stakes like the first time. Also, the T&Cs of this free bonus can be confusing, as the term "risk-free" will vary between sports.

Who Can Really Get Free Bets?

New players will be the top target audience for bookmakers. Today, most bookmakers on the market offer an attractive welcome bonus to incentivize player loyalty and entice custom. Usually, there will be impressive bonuses when you open a new account on their platform or after making your first deposit and bet.

As for customers who have registered for an account and played at betting platforms for a while, they are not eligible for new user incentive packages. However, they can rest assured that bookmakers still pay special attention to them through engaging rewards programs related to their loyalty or free bets for all platform customers. These offer packages are very diverse and depend on your chosen category, sports betting or casino games.

Whether you are a new customer or a seasoned player, attractive packages are always waiting for you to add drama to your relaxing time while enjoying the entertainment services offered by bookmakers. 

How Do Free Bets Work?

Free bet offers are often stimulated to activate new accounts with the sportsbooks, designed to attract new gamblers. Depending on the type of free bet, users will receive betting offers immediately upon completion of bonus requirements (such as depositing or placing bets on a specific sporting event). 

It is worth noting that winnings do not include stakes, and they are all limited to a certain time, such as seven days. There are also many other T&Cs offered, which require bettors to read carefully.

Important Things about Free Bets

Whatever incentives you claim, you need to pay attention to their terms and conditions. About free bets, each betting platform will ask for different rules such as wagering requirements, expiry dates, maximum limits, etc. Therefore, we will further analyze each important factor below that you need to keep in mind.

What to Pay Attention to its Terms and Conditions?

You must agree to the terms and conditions of the free bets in order to enjoy them. It is, therefore, necessary to dig into the fine print to understand the rules that the operator asks you to follow before these free chances take effect. However, there are some more essential sections that you should pay attention to in these very long and tedious T&Cs.

First and foremost are the wagering requirements. Experienced players will be no stranger to this concept. In theory, players must bet a certain amount of money, proportional to the winnings they receive, to be able to convert those bonuses into cash.

For example, you get a free bet of $10 with a wagering requirement of 35 times the bonus amount; you can only use that $10 as cash after completing your $350 ($10*35) bet on sports matches or on some esport match, your choice.

Usually, the acceptable wagering requirement is 10x the bonus amount. However, in case the free bets of some platforms have much higher requirements than that standard number, you can consider not using them to avoid the hassle of enjoying the bonus package.

The second thing that you should focus on is the time validation of these promotions. They will only last for a certain amount of time and disappear if you don't use them. Usually, sportsbooks will clearly specify the expiration time of the offer in the T&Cs section to minimize customers' confusion in their claim of an expired package.

In addition, some platforms also stipulate that players will only have a limited time to clear the wagering requirement of the bonus. That will motivate players to spend more and faster, ensuring fairness with the attractive incentives they receive from bookmakers. However, this can be detrimental to the player in some cases if the specified period is too short and the player is unable to fulfill the minimum wagering requirement.

Last but not least, you will sometimes encounter a maximum win limit in the terms and conditions. That leads to your free bets not being able to bring in huge wins. However, this is acceptable in the context of bookmakers' profit balance. You can rest assured, though, as these winning limits are often set very high, and very rarely do you get mistreated.

Why Should You Get Free Bets at BetMentor?

There are many reasons why you can trust us in finding the best free bets, especially if you are a new and inexperienced player. At BetMentor, you can check out the most amazing free opportunities that our team has spent lots of effort to provide excellent premises for your betting potential.

Our free bets are mostly exclusive: Our team has worked hard to trade with reputable and reputable sportsbooks to bring exclusive free bets to bettors. Therefore, you can take advantage of offers that cannot be found on any other platform for entertainment at your favorite bookies.

We update the free bet code on or day to day basis: Another important thing is that bet codes usually have a specific expiry date. Therefore, for future users to receive new rewards, we constantly update the free bet code daily. Furthermore, you don't have to search for the latest free bet offers but can take advantage of the benefits we list every day, including match bonuses, enhanced odds, free bet no deposit, etc.

We guide you clearly on how to get the offer: We understand that not all bettors are experienced in receiving and using promotions. For the sports betting industry, the trend of online betting is increasingly popular, so every year, hundreds of thousands of newbies come to it. Moreover, the types of promotions often vary from bookie to bookie so we always give clear instructions on receiving the offer and using it most effectively.

How Do We Rank Betting Free-Bet Offers?

Before giving a good no deposit free bet to a player, there are many important factors for the Betmentor experts to consider. Whether they promise lots of prizes or profits, we still consider other apparent requirements such as:

• Certificate and Operating License: The first factor in evaluating a bookie is to check for operating certificates. Sportsbooks legally operating under a UKGC license will then be reviewed by us for promotions;
• Bet Limit: Reasonable wagering requirements should be between £1 - £10. Therefore, if the bookies offer higher limits, you have to consider;
• Limited-time: We always appreciate offers that have reasonable betting time terms and conditions. Ideally, they should have a period of 7 to 20 days before the punters can progress any further;
• Available Betting Markets: Many sportsbooks will limit the event or match available for free bets. Therefore, you must check the T&Cs to avoid wasting money on markets you don't like.

Find All Available Free Bets with New Extensions

There is no reason why millions of users should not trust Betmentor because we always offer free bets available with extensions based on:

Filter to make your free bet fit your needs: We always provide reviews and highlight outstanding T&Cs for users to assess whether free bets are right for them, especially betting conditions, winning limits, expiry times, etc.

Low wagering requirements: We always recommend that punters choose bookies with low wagering requirements to suit all budgets. As a result, our users can always find fair and transparent sportsbooks to place bets on before playing for real money.

What Are the Disadvantages of Free Bets?

While a free bet bonus is generally risk-free, meaning punters are free to choose promising promotions with themselves to reap profits, it still has some potential risk to gamblers, therefore players all need to be aware of before claiming one. 

Punters can lose a lot of money: It is a fact that most free bets cause punters to deposit more money. Although some sportsbooks do not require you to deposit to claim a bonus, most still ask you to deposit a specific amount. This is where it gets complicated as each offer has specific deposit requirements. Furthermore, the amount of the bonus usually corresponds to the amount bettors have deposited. The bigger the deposit, the higher the reward. As a result, many gamblers make large trades even though they cannot afford to pay.

Bet on unexpected events: Another disadvantage of using free betting bonuses is that sometimes punters have to bet on matches or events they don't like. This is all because promotional bonuses always offer conditions that are available for specific sports. Sadly, most punters are not in the habit of reading the T&CS carefully before wagering real money. Therefore, after depositing, they are forced to bet on unexpected events.

Terms and conditions are sometimes confusing: Not only sportsbooks, but most online casinos tend to offer confusing and tricky T&Cs. Therefore, if the players do not read carefully, it will cause unfortunate misunderstandings later, even unnecessary disputes with the bookies.

Conclusions

All in all, free bets are attractive, but they can quickly turn negative for punters. Of course, if you know what you're doing, the bonus is worth it, but offering free bets is just a way for the bookie to get player information to spam in the future, and there are reasons to bring it back the ultimate benefit for sportsbooks.