Online sportsbooks are sweeping the sports industry. They are now more popular than ever before, generating billions of dollars, and easily rivaling, or even surpassing land-based bookies.
One of the primary reasons that sportsbooks online are so successful are the bonuses that make betting more fun, more engaging, and a lot easier. Bonuses such as no deposits and free bets.
What is a Free Bet?
As the name implies, a free bet is a wager that you can place without having to risk any of your cash. The bonus makes it possible to put down a wager of a certain sum and on certain odds, absolutely free. Then, it is a simple matter of making the right choice. If your preferred team wins the wager, then you get a nice hefty payout. If your team doesn’t win, you get nothing, but you’ve also not lost any money in the process.
What is a No Deposit?
A no deposit bonus is not really a specific bonus, but rather a type of promotion. As you might be able to guess, a no deposit bonus is a kind of offer you can snatch upon signing up to a website, without making a single bet. A lot of gamblers and sports bettors are always looking for websites that offer no deposit bonuses, as they certainly take the edge off sports betting, and make things a lot simpler and more enjoyable.
The Differences
The main difference here is that a Free Bet bonus is a specific kind of bonus, whereas a no deposit bonus describes a type of bonus that some sportsbooks may offer, while others don’t. For example, some sportsbooks may offer a no deposit bonus that grants the player free bets. However, not all free bet bonuses are no deposit bonuses. For that matter, not all no deposit bonuses offer free bets.
As we said, a no deposit bonus doesn’t necessarily have to be a free bet bonus. It can also be a Match Deposit bonus or a Refund bonus. A match deposit bonus entails a website matching your first deposit if it is within a certain sum of cash. A refund entails getting some or all your cash back, if your first deposit was a loss.
Are Free Bets Better than No Deposit Bonuses?
As we said, the two can’t really be compared. Free bets are some of the most coveted types of bonuses out there, as they make wagering easier and lower risk. However, no deposit bonuses are also quite enticing. After all, they are usually doled out in welcome packages, and are tailor-made to attract a wider audience.
Not to mention, most of the time, no deposit bonuses are also free bet bonuses. The best option, however, is to look for no deposit bonuses that offer both a match deposit and some extra free spins. However, it is extremely important to go over the welcome bonus terms and conditions, and make sure you are eligible to get your hands on it.
