Due to the large selection of online bookmakers, operators are always searching for ways to attract more punters. Free bets are some of the most popular marketing tools among bookmakers in Nigeria. Free bets are bonuses that can help you get more out of your sports betting. However, novices or bettors who have never used them before might not know where to start. These offers come with specific conditions that can be a tad confusing. For that reason, we put together this guide to help Nigerian punters capitalize on free bets.
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Free Bets, What Are They?
Before you begin looking up the best offers, know what to expect. A free bet allows you to wager on a selection without necessarily spending your bankroll. It means that the bookmaker is giving you more betting opportunities than what your budget provides. For example, if you get a free bet of 100 NGN, you can place stakes worth that amount without using actual cash. Sportsbooks in Nigeria have these offers for new and existing customers.
Although welcome packages are the most popular, bettors have several other kinds from which to choose. Thereby, learning how to distinguish them should help select the most appropriate one.
- Bet on various sports without dipping into your bankroll
- Increase your betting power
- Some requirements can diminish the value of promotions
Types of Free Bets
Because bookmakers have to appeal to different customers, they tailor free bets to satisfy a range of needs. Therefore, punters have a number of varying offers to consider.
Matched Deposit Bonuses
This type of bonus is the most common. In it, the sportsbook offers to match the amount that you fund into your gambling account. The deposit match is a particular percentage, usually 100%, but it can be anything from 50% to 200%. It also includes a maximum limit. Therefore, you can only claim the free bet up to that amount. A matched free bet is popular as a signup offer. See below for an example:
- Deposit ₦100,000 and receive a 100% deposit match bonus of ₦100,000
Risk-free bets return your stake if it loses. So, you have to deposit and place a qualifying wager to be eligible for this type of offer. If your bet wins, then the bookmaker pays. However, if it loses, you get some or the whole of it back depending on the terms. Risk-free bets are not very common and can have tricky conditions. Therefore, ensure that you comprehend them.
- Book a bet of ₦100 on odds of 2.0 or higher and get ₦100 as a risk-free bet
You can find most no-deposit bonuses when you sign up. This type of promotion is highly lucrative because it eliminates risk. With a no-deposit offer, you don’t have to fund your playing account beforehand. It means that you are betting with the bookmaker’s money. Due to their setup, these bonuses are usually in small amounts. Some operators might require you to confirm your phone number or email before receiving the offer. For example:
- Get ₦100 with no deposit on sign up.
This bonus is for punters who are opening new accounts with a bookmaker. The free bets are designed to encourage more bettors to join a particular site. Also called signup or new player offer, a welcome bonus can be in any form. A sportsbook can set it up as a matched bet, no-deposit, or risk-free offer. An example of a welcome bonus can be seen below:
- Register an account and claim a 150% bonus up to ₦100,000 at Oatbet
Attractive bonuses and promotions
An easy-to-navigate website
High-security measures for clients
Huge Range of Sports
Promotional Free Bets - Terms and Conditions
Before you stake free bets on the latest football predictions, know about the terms that you have to meet. Below are some of the basic conditions to expect.
In most cases, sportsbooks put a ticking clock on bonuses. As much as operators want to entice bettors, they can’t run a promotion indefinitely. Therefore, an offer can come with an expiration date. For example, a bookmaker might require you to claim a signup offer within 7 days of registering your account; otherwise, it is forfeited.
This condition imposes a minimum limit on the number of times you have to wager a free bet. If you claim a free bet of 100 NGN with wagering requirements of 10 times, for instance, then you have to wager (100×10) 1000 NGN on the specified odds. You can’t withdraw winnings generated from a free bet without satisfying rollover terms.
Online sportsbooks prevent customers from misusing free bets by indicating the size of the odds on which they can bet. For instance, a no-deposit free bet might have minimum odds requirements of 2. Therefore, any odds below that would not qualify for the free bet.
A bookmaker can have a limit on how much money punters can win from a certain offer. These conditions are common with no-deposit and risk-free bonuses. If you win more than the set amount, then the rest is forfeited.
Punters will come across other limitations because free bets differ on a very broad scale. Sportsbooks sometimes limit the sports, leagues, or tournaments that punters can bet on with particular bonuses. Another restriction is that you cannot withdraw your free bet; only its winnings. Promotions terms affect the suitability of free bets, so check them keenly.
Boost Your Gambling Power with Free Bets
A free bet can make a significant difference when betting on sports online. If you can choose the best one, you can increase your bankroll and, thus allowing you to enjoy a richer gambling experience.
Bookmakers in Nigeria and beyond have been providing promotions for a long time and will continue to do so. Thus, today’s bettor has an incredible variety of bonuses from which to pick. From rebates to early payouts to matched bets, sportsbooks have something for everyone.
Free Bets FAQ
Now you understand how different sports bonuses work. However, if you need more clarification about using a free bet, the following questions should help.