We regularly check for the best free bet offers in New Zealand. Free bets NZ should offer sports betting customers great value for money without the spectre of huge wagering requirements.
Players often use free bets as a deposit bonus offer. However, sometimes, even existing sportsbook customers can claim free bet bonuses on horse racing, rugby, cricket and plenty of other sports. T&Cs apply as always.
Here, we look into what a free bet is on an online sports betting site. We, here at LordOfOdds, tell you how to choose free bets NZ, how they work and what to look out for when picking your free bet offer.
We’ll also go through how to withdraw money from successful free bets and their potential drawbacks and answer your most pertinent best free bet offers questions.
Content Index
What is a Free Bet?
A betting site or sportsbook tends to give out the best free bet offers to welcome new customers as part of a deposit bonus or encourage loyalty.
The most common free bet offer is a new customer bonus. ‘Bet $10, Get $50 in Free Bets’ is a common example, though T&Cs apply as always. The operators often don’t allow deposit methods such as PayPal, while minimum odds are in force.
Also, they give free bets to regular sports betting site punters. These can be a random loyalty offer. The most common type is the money-back deal.
Sportsbook firms within football and horse racing use the idea particularly well. In racing, for example, the offer may be ‘Money back if your horse loses to the race favourite’. The money-back is always in the shape of a free bet.
Naturally, such free bets in NZ are the domain of the online betting world.
Choosing a Free Bet
We do plenty of work around looking at the best bonuses, and the best free bet offers in New Zealand. Thus, you should definitely know how to choose free bets NZ for yourself.
To get on the right road, you should keep certain things in mind.
Make Sure Online Betting Free Bets Work for You
T&Cs apply all the time with any bonus offer. You should therefore check these carefully. Make sure there are no wagering requirements such as those for other bonuses.
You should also ensure that cash out is possible. The best part of free sports bets is that, minus the ‘stake’, any money you get is yours. This is usually the case with horse racing and football bets.
Check the minimum odds. Again, this is prevalent in horse racing. You may have to place your free sports bet at odds of 2/5 (1.40) or above, which is normal.
There could also be deposit method restrictions. If you wish to use PayPal, a sportsbook could preclude you from getting free bets.
Make sure there are no major restrictions on sports. You’ll want your favourite sport in an offer. If you’re a horse racing fan, free bets can take many forms. Your bonus bet could be a money back offer, such as when a certain horse in the race beats your initial bet, or the bet could come to promote a big race meeting that has to suit what you’re looking for.
How Free Bets Work
As we mentioned, the best free bet offers are either a deposit bonus or, more often, a money-back or other loyalty bonus.
The T&Cs apply in order to protect the betting site or sportsbook. Any winnings will not include the stake; for example, if you had a $10 free horse racing bet on a 4/1 shot and it won the race, your return would be $40 rather than $50.
Minimum odds mean the online betting site protects itself from customers simply backing a ‘certainty’. This counts for all sports, not just racing.
How to Withdraw Money from Free Bets
We’ve mentioned that T&Cs apply, even with the best free bet offers. One of the main terms surrounds deposit methods.
Visa and MasterCard are always fine to use when claiming a bonus, including the best free bet offers. A MasterCard credit card, for example, even offers some protection. However, a deposit via eWallet may stop you from getting a free bonus bet from an online betting site or sportsbook. PayPal is an example of this.
If you lose from your bonuses, your bets are gone. But if you win a race or game, the returns minus the stake are yours. Simply go to the cashier or bank and withdraw your money back onto MasterCard, Visa or whatever deposit method you choose.
The Potential Drawbacks of Free Bets
Players should firmly treat the best free bet offers in New Zealand as a bonus. Never rely on an offer of free bets NZ.
The T&Cs don’t apply for our benefit. Even with the very best free bet offers, these negatives can crop up:
- Minimum Odds – one of your betting choices may have been at shorter odds in a race.
- Deposit Restrictions – if you’re not using Visa or MasterCard, you may not get bonuses.
- Specific Race Only – your free horse racing bets may not be for a race of your own choice.
- Limited Stake – a free betting offer may only be for $10, which may not mirror your normal sportsbook bets.
Other than this, the best free bet offers do not have the same drawbacks as a traditional deposit bonus offer at a casino or sports betting site. A free bet is ostensibly just that; a free bet.
Are Free Bets Given to Existing Customers?
Unlike in the online casino world, where the new player is king when it comes to getting a bonus offer, the best free bet offers in sports betting are for existing customers. This is especially true of horse racing.
Major betting operators often send free bet bonuses to their regulars. This can be a straight free bet, a bet for a certain race or football match, or a money-back offer for a failed accumulator or lost racing bet. T&Cs apply as well as minimum odds, which can change.
Conclusion
Finding the best free bet offers in New Zealand can be a tough job. You may have to deposit by the right means, such as MasterCard, find the right betting site and take minimum odds in order to redeem the offer.
The best thing about these bonuses is that the best free bet offers online are genuine. There are usually no wagering requirements. You simply make your free bet and, if it wins, claim your winnings.
If you are looking to deposit and grab the best online betting bonus you can find, make sure it includes free bets. If you are a racing fan, these deals can be especially sweet.
FAQ
Here are the answers to your most important questions about the best free bet offers.
A sportsbook may offer free bets as part of a deposit bonus offer. A free bet can also be for existing customers. When using a free bet on horse racing or sports, you will only get back the money you won, not the stake.
If operators give free bets as bonuses on a betting site, they may come with wagering requirements. This means you can’t withdraw money until you bet a certain amount. If it is a straight-up free bet, you can win money and withdraw the profit depending on the odds you received.
Many of the best free bet offers come as part of a new player deposit bonus at a betting site in New Zealand. Regular free bets are for existing customers as bonuses by a sportsbook, and T&Cs apply.
If they come with wagering requirements, free bets can be hard to withdraw money from. However, the best free bets are completely free without returning a stake. Players can use them for horse racing, football and other sports. T&Cs apply.
If you receive a free bet bonus offer as a new customer, you may get the offer just once. When a sportsbook chooses to send you free bets, they can do so often, sometimes every week. Certain deposit methods such as PayPal may prohibit the offer of free bets. The minimum odds and T&Cs apply.
