The online gambling world is littered with potential stumbling blocks for novice punters, but none are as present as the free bet fallacy. Although it’s certainly true that online sportsbooks and casinos are happy to give away free cash to their players, it’s definitely not the case that they are willing to do that with reckless abandon.
With this in mind, let’s break down what seasoned gamblers know as the free bet fallacy:
A Free Bet isn’t Free
The main concept you need to understand when you ante-up and shoot for a free bet is that it isn’t free. Although you won’t have to risk any of your own cash to secure a free bet, you may have to stake some money or make a deposit. Although this sounds dangerous, it actually isn’t. Neither requirement would cause you to lose any money, even though it feels that way.
*Make sure you don’t get confused by what’s required of you when it comes to free bets.
The More You Put in the More You Get Out
As with anything in life, the more effort you put in, the greater your rewards will be. All online casinos and sportsbooks offer VIP/loyalty points to players based on the amount they wager. These points can then be converted into a selection of free bet bonuses. Naturally, the more you play, the more points you’ll earn, which, subsequently, means even more free cash.
*Essentially, if you want more then you’ll have to work for it.
Nothing Lasts Forever
Diamonds might be the exception to the rule that nothing lasts forever, but a free casino bet or sports bet certainly do not. Like a pint of milk or a loaf of bread, a free bet has a shelf life and if you don’t squeeze out every last ounce of value from an offer in time it will expire. Many novice players fail to acknowledge this and often end up losing out on some free cash simply because they didn’t complete the wagering requirements in the allotted time.
*Don’t fall into the trap of thinking things last forever.
When it comes down to it, a free bet in the online gaming world should be seen as a reward and that means you need to do something to earn it. Although the tasks required of you aren’t particularly taxing or costly, they are a necessary step you need to take if you want to bank some gratis wagers. Hopefully this article has given you a better insight into how you can make more money in the igaming world and shown you how to avoid the free bets fallacy that so many novices fall foul of.
Frequently Asked Questions
For the best bookmaker bonus, look not only at the amount you receive, but also at the terms and conditions.
The most common bonus at bookmakers is the free bet. This occurs as (part of) a welcome bonus, but is also regularly given away if you place a qualifying bet.
Bonuses and promotions are a form of advertising for bookmakers. By giving you a free bet, the casino or bookmaker makes sure you walk back in. And while you’re there, you remember again how nice it is to play there…
When it comes to welcome bonuses, it is an important way for bookmakers to recruit new players.