[John Shishmanian/ NorwichBulletin.com] / USA TODAY NETWORK

Latest sportsbook free bets and promotions

Last updated Oct 22, 2022 10:51 PM ET

One of the most popular sportsbook promotions is a free bet offer, where a betting site allows you to place certain bets without charging you money for the stake.

You can keep the profit if you win a free bet (subject to withdrawal requirements). The betting experts at OddsChecker wrote this complete guide to get you started with free bets. You will be able to learn where to find free bets, the different types of these bets and how to redeem them. The guide will be updated constantly with links to the best free bet promotions online.

Free bets provide you with credits you can use to place bets. If your free bet comes through, you will receive your winnings. But the sportsbook will not refund your stake (the value of the free bet). You usually need to deposit a minimum amount and meet other terms to claim free bets.

Sportsbooks use free bets as welcome bonuses to attract new players that get a chance to try the betting site without risking their money and a chance of making a profit. Many sportsbooks also offer returning customers free bets to reward their loyalty and keep them interested.

For example, a sportsbook might offer a free bet of $30 to every new player that signs up and deposits at least $10. Once you complete your registration, you can visit the sportsbook’s cashier section and deposit $10. The sportsbook would then credit you with $30 in free bets, giving you a total stake of $40 to bet with. You can deposit a higher amount if you’d like. However, in most cases, the sportsbook won’t give you more free bets.

If you placed a $30 bet on -100 odds and won, your total payout will be $60. However, that includes your $30 stake, so you will only get a $30 profit. You can withdraw these $30 or use them for more betting.

Meanwhile, if you're new to sports betting, here are some handy tips that can help you stay on the right track.

Be disciplined - Don't get carried away, set a budget and stick to it. Don't chase losses and just make small bets to start with until you're more familiar with how it all works
Track your bets - Make a note of all the bets you place and their outcomes. You may want to do this with a spreadsheet, a piece of paper or an app. Once you have enough data, it'll help you understand where your strengths and weaknesses lie
Find picks - While you're getting to grips with how sports betting works, you may want to take advantage of the experience, knowledge, and insight of professional handicappers who offer picks and predictions that you can use when making your bets.
Find free bets - Free bets can help you get more for your money by taking away some of the risk. Most sportsbooks offer free bets to new customers, so check out our list of the latest free bets to find the ones that are right for you.
Compare odds - While most sportsbooks offer odds on most sports, they won't all be equal. Placing a bet with the best odds means you'll receive more if you're successful. We make this easy by comparing the odds of all the leading bookies in the US, helping you to always get the best value from every wager you place.