With the online betting industry in New Zealand rapidly expanding, many online bookmakers are doing everything in their power to draw in customers. One of the techniques used is the free bets system, which promised customers free money to place on bets. Many of these offers are amazingly generous, and they certainly are, but be sure to look a bit deeper to be sure you understand the exact circumstances that the free bets are offered under.
It’s obvious that no online bookmaker can simply give free money away to customers, since this would have them bankrupt probably in 24 hours. Offering free bets has to have some sort of return to the bookmaker, but the fashion in which this is done can sometimes be a bit confusing to the customer. This sometimes ends in a customer feeling like they have been taken for a ride, or cheated, but if understanding the deal from step one, free bets can indeed be very beneficial.
It is, first of all, highly recommended that the terms and conditions of a deal be read before that deal is accepted. No online bookmaker worth their salt will offer a promotional deal without having the terms and conditions very clearly on display. Click the link, read what the deal involved, and decide if it is worth your time and effort. If you think the terms of the deal are not beneficial, simply don’t accept it. It’s as easy as that.
Also be sure to look around at a number of different online bookmakers, since different website have a different approach to how they offer free bets. You may find a deal much more to you liking somewhere else so don’t be afraid to explore the web to your hearts content. New deals and offers are offered by websites on a daily basis, so have a look around regularly to see what you can discover.
Free Bet Terms and Conditions
Free bets often come with what is called a wager requirement. A wager requirement means that you may place the free bet cash, and any winnings will be deposited into your account. In order to be allowed to withdraw the initial cash, and any winnings, you will be required to make a certain number of real money bets yourself like bettors have to do in online cricket betting. A wager requirement will appear as something like X 5. This means you will have to bet 5 times the free money amount, with real money, before the bonus cash and any winnings made with the bonus cash may be withdrawn. Wager requirements will always be clearly displayed.
Other, similar systems are used for free bet offers, and, as has already been said, the rules of the system will be available for your consideration. Another, often used system is referred to as the risk free bet system. The rules of this offer require that a bet maker lose an initial bet, and bonus cash is provided once the bet is lost, to cover those loses. This bonus cash will also have something like a wager requirement attached.