About Risk Free Bets
A risk free bet is when a betting site pays back your deposit if you lose the bet. The customer usually gets the original deposit back either in cash or free bets. To read a more comprehensive description of how free bets work in practice, we recommend that you visit our specially dedicated page dealing with Risk Free Bets.
Here we’re going to focus more on risk free bets that are associated with specific promotions or promotional offers. To take part in promotions that involve risk free bets, we recommend visiting the “promo page” on a betting site where you already hold an account. Alternatively, it’s possible to search independently on the net for promotions that offer risk free bets.
Promotions that offer risk free bets are often given out in connection with a major tournament or a big match. This could be for the ATP tennis tournament or for the final stages of the Champions League. It’s always good to surf the web to catch a glimpse of any promotions that might tickle your fancy.
An example of a risk free bet promotion
Say a betting site offers a risk free bet of up to £20 for the European Championship. As long as you have £20 in your account, the betting company will automatically make you alert you to any upcoming promotion that involves risk free bets. They might even be geared towards a particular tournament or match.
The terms and conditions usually concern the following:
- Create an account with a betting site and log in
- Go into their promotion section and register for the relevant promotion
- You will be able to take part in the promotion as soon as you’ve registered
- By already having or depositing at least £20 in your account you’ll automatically activate the promotion
- Choose which match and type of bet you’d like to play for in the European Championship. Simply click on the blue panel on your betting coupon before you place your bet and voila, done!
Terms and Conditions for Risk Free Bets
Before you participate in a promotion involving a risk free bet it’s important to read the betting site’s terms and conditions. The betting site naturally specifies certain rules that you as the customer agree to follow. Today the majority of betting sites offer a wide variety of promotions to ensure their customers stick with them, for example: welcome bonuses, loyalty bonuses, as well as competitions and other incentives.
At first sight it can seem very appealing to participate in these promotions. But to really see whether a promotion is worth it you first need to understand what terms and conditions come with it.
There are many different things to take into consideration when you decide to go in for a promotion, for example: what wagering requirements there are, are there any minimum odds, is there a time limit to think about or if there are minimum or maximum deposit limits, so on and so forth. Promotion requirements differ widely depending on what betting site you play with and which of their promotions you decide to go for.
Here at BetBlazers we’re eager for you to get the best deal possible and we want to take the time to remind you to always carefully read any risk free bet promotion's terms and conditions. If you encounter any problems in connection with a risk free bet promotion we recommend you get in touch with the betting company immediately.
Important things to consider when taking part in a risk free bet promotion
To be able to take part in a promotion involving risk free bets you first need to enter it. Once you’ve entered you’ll need to find out exactly how the long the promotion will run for. If you’re a winner of a competition you may need to confirm that you want to take part in good time. If you happen to miss the confirmation date you may lose the opportunity to participate.
If you’re going to take part in a promo involving risk free bets the betting site may stipulate that you need to have a positive balance in your betting account. Usually they normally ask you keep around £20 in your account but it tends to vary depending on which site you use.
As we’ve mentioned before, there is usually a wagering requirement attached to promotions involving risk free bets and it’s always good to think about whether you can meet these requirements or not. Find out which sports and which markets you would like to play with these promotions.
A promotion involving risk free bets can have different restrictions depending on how your coupon is set out. For example a promotion may have a rule that only single bets are allowed, which means that you can’t play a combination bet. Bear in mind that betting sites usually have a rule saying that you can’t combine different promotions with each other.
At BetBlazers we recommend that you contact your betting site’s customer service department if you have any queries or problems. In most cases you’ll be able to send an email. If you have an account with one of the bigger betting sites in all likelihood you’ll even be able to live chat with someone from customer service.