Free Bet Meaning – Popular Type of Bonus Awarded by Betting Sites

A free bet is a promotional offer given by the sportsbook. The betting site gives you a predetermined amount when you deposit to have a bit of extra cash when betting. This is the simplest type of bonus you can get online.

If you win the bet, the won amount is automatically transferred to your balance, minus the free bet amount, which the betting site keeps.

For example, the first time you sign up with a site and make a deposit, it will give you a $10 free bet bonus. If you place this on an even-money bet and win $20, you get a profit of $10 without risking any money and the betting site keeps the $10 bonus.