Updated Updated: July 29, 2020

Free Bets Explained and Best Offers for NZ

Free bets are becoming more popular for each passing year. Therefore, it’s not surprising to see so many excellent online bookies on the market. Read More

✅Looking for online bookies? Here is a list of the betting sites available in NZ.

✅Find out how to bet on sports with our sports betting guide

✅Watch free sports streaming and follow your favourite team.

We have taken it upon ourselves to answer all questions you might have about free bets and sportsbook bonuses. We’ll also provide you with a list of the best sport betting sites the market has to offer right now. Read on to learn everything you need to know about free bets and discover the best bookmakers.

Free bets offers available in NZ

No Code Required
4.5/5
Matched bonus up to $50 in free bet

What is a free bet

The online sports betting world is full of exciting bonuses and offers. For as long as online betting sites have been around, they’ve always incentivized players by handing out bonus money and running compelling campaigns. And some of the most popular offers the industry has to offer are made up of free bets. 

Several industry-leading brands offer these types of bonuses to both new and returning customers. For instance, you could quickly get a 888Sport free bet or a Leovegas free bet right now.

So, what’s a free bet? The answer might seem obvious as the term is quite straightforward. We’re obviously talking about a free bet, which suggests you’re allowed to place a bet free of charge. Right? 

Well, that could be the case, but at a closer look, we find that the term free bets can suggest many different things. Bearing that in mind, let’s look at some of the most common free bets.

The different types of free bets offers

There are several types of free bets offered by bookies. Let’s look at the possibilities.

No deposit free bet

Just as the name suggests, these are free bets you don’t pay a cent for. To be very clear, these are bets you don’t have to deposit any money to place. You often get these no deposit free bets when you sign up with a new sports betting site. It’s the operator’s way of getting you acquainted with the site and warmed up. For the player, it’s a win-win.

Deposit free bet

In this case, you get either one or several bets when you make a deposit. These bets often come with a predetermined stake and an expiration date. It’s the operators’ way of giving you a little more action when you make a deposit.

Risk-free bets

This sounds like a dream come true – who wouldn’t want to place bets without having to risk any money? 

Well, some betting sites make this dream come true by offering players risk-free bets. These free bets are often used as welcome offers as they’re a perfect way of introducing new customers to sports betting. 

With risk-free bets, you can’t go wrong. If your bet wins, you get to keep the winnings, and if it loses, you’ll get your stake refunded. Your stake can be refunded as bonus money, a bet or cash.

Enhanced bets 

This is how sports betting sites take the excitement to a higher level. Operators mainly use these sorts of campaigns to entice new players. The idea is to offer significantly higher odds on a specific fixture, thus increasing the winning margins in a big way. Many top-notch bookmakers offer these kinds of bets – keep your eyes open when scouting new betting sites.

Profit boosts

Some operators don’t only enhance the odds, but also your profits. And it’s kind of hard to say which one is best. So-called Profits Boosts have become very popular in the online betting world. In a way, you could say that operators raise your stake with these promos. 

A Profit Boost would typically apply to a specific sport or league and it’s always expressed as a percentage. As an example, you might come across a betting site offering 20% Profit Boost on Champions League matches.

Furthermore, it’s not uncommon for these promos to be valid on in-play events.

What does it all mean? Well, it means that the operator will boost your profit by 20% if your bet wins. So, let’s say you staked $100 on a match and your bet wins – now the operator will add $20 to your winnings. In most cases, there’s a maximum stake permitted when you sign up for these promos. Many times, you also have to bet on specific odds.

Acca free bets

Acca bets, or accumulators, are very popular among players. By making several predictions in one bet slip, players have a chance of winning much more than they would if they placed single bets on all the fixtures they’ve chosen.

Predicting several fixtures and getting it right is not an easy thing to do. That’s why many bookies have something called Acca Insurance. In a nutshell, you get your stake refunded as a free bet when only one of your predictions is incorrect. 

Generally, these free bets are handed out on football matches. And in most cases, you need to have at least four selections in your bet slip to qualify for an Acca Insurance.

Free Bets Rules

As you might’ve guessed, all different free bets come with a set of bonus terms. That’s why it’s essential you read the terms and conditions carefully before you sign up for an offer. That way, you’ll avoid any unnecessary disappointment further down the road.

Although the free bets we’ve mentioned are slightly different from each other, they all tend to have similar bonus terms. Some rules are specific to a particular type of free bet, but in most cases, you can expect to see the following things mentioned in the bonus terms:

  • Minimum odds
  • Maximum stake
  • Wagering requirements
  • Maximum payout
  • General terms and conditions

For starters, almost all free bets require you to bet on odds of a certain level or higher. Typically, the minimum odds lie around 1.20 to 1.40. It’s also not uncommon for bookies to implement a maximum stake as a form of cost control – that way, there’s a limit to how big of a refund you can get.

Sometimes free bets are credited as bonus money. That means you need to wager the money to convert it into cash you can withdraw. Generally, the wagering requirements for bonus money lie somewhere between 5x and 8x. In most cases, the minimum odds rule will apply when you wager your bonus.

Certain free bets don’t limit your stake. Instead, the operator will set a maximum payout as a means of effective cost control.

Last but not least, all free bets are subject to the bookmaker’s general terms and conditions. You’ll always find these user terms linked on the designated promo page.

Exclusive free bet bonus with Betpal.com

Other types of online sports betting offers

So far, we’ve spoken a lot about free bets – but these aren’t the only exciting promos that online bookmakers offer. In conjunction with all different free bets, there are also deposit bonuses and cashback bonuses. And both these promos deserve to be mentioned.

Deposit bonuses

Now we’re talking about bonus money that you’re given by the bookmaker when you make a deposit. Deposit bonuses are always expressed as a percentage of your deposit, and they come with a max cap. For instance, a typical deposit bonus could look something like this:

100% bonus up to $100.

This means the bookie will give you $100 in bonus money when you deposit $100. So, instead of getting rewarded with bet tokens, you’ll get bonus money instead. In this sense, deposit bonuses allow for more flexibility as you’re not forced to place bets with a predefined stake. 

As far as wagering requirements and bonus terms go, deposit bonuses are very similar to free bets. You’ll need to wager the bonus money a certain number of times at specified odds or higher.

Cashback bonuses

In a way, cashback bonuses can be seen as a merge between deposit bonuses and free bets. 

Here, you get refunded in bonus cash that you can use as you please. In other words, the refund is not tied to a predefined stake. And just like deposit bonuses, the refund is expressed as a percentage. In most cases, the percentage isn’t relative to your deposit, but to your net losses instead. However, some online bookmakers give cashback on deposits as well.

Just like free bets and deposit bonuses, cashback bonuses come with bonus terms and wagering requirements. In most cases, you’ll be given bonus money that you must wager a certain number of times at specified odds or higher.

Where can I find the best free bets offers?

You’ll be pleased to know that most prominent betting sites offer a wide range of promos. You can almost expect all betting sites to offer profit boosts, enhanced odds and various kinds of free bets. 

We’ve sorted some of the best online bookies on this page to make your life easier. That way, you can quickly compare some of the world’s best betting sites and find the one that’s best suited to you.

We also suggest that you take a close look at the operators’ promo pages to see what free bets and bonuses they offer. If you like placing Acca bets, for instance, a specific bookmaker might be better suited for you than another one. 

If sports betting is new to you, you might want to opt for a bookie that offers no deposits free bets instead. That way, you can play risk-free and get more familiar with online sports betting.

How to get a free bet in 2020

To get a no deposit free bet you need to find a bookie that offers them. Once that’s done, you’re only a few steps away from betting for free. This is how you get a no deposit free bet 2020:

  1. Find a NZ betting site that offers no deposit free bets.
  2. Click Register or Sign up.
  3. Enter your name, e-mail address and personal details. You might be asked to state your address and telephone number.
  4. Complete the registration process and verify your account.

As soon as you’ve signed up, you should have the no deposit free bet available in your account right away. 

List of online bookmakers offering free bets to NZ players

No Code Required
4.5/5
Matched bonus up to $50 in free bet

FAQ

We hope that we’ve answered most of your questions about free bets and sports betting bonuses. However, here’s a short FAQ answering some of the most frequently asked questions about free bets.

Yes, once you’ve wagered them. In most cases, winnings from free bets come with wagering requirements. This means you must wager your winnings a certain number of times to convert the money to cash you can withdraw. Before you claim a bonus, it’s therefore crucial that you read the bonus terms carefully. It might be a bit tedious, but it’s definitely worth it.

That depends on your style of playing. If you enjoy multiples, an Acca Insurance would be a good choice. If you’re new to sports betting, you might want to consider a no deposit free bet or a risk-free bet instead.

If you wish to have full control over how much you stake, a deposit bonus is probably the way to go. However, free bets tend to be more common, and therefore you’re quite likely to come across more exciting free bet offers than bonuses. At the end of the day, you can’t say one is better than the other.

You usually can. But it’s not uncommon for online bookies to create promos that are only valid on in-play matches.

If you are based in NZ you can claim free bets at several online bookmakers:

You should always look at the terms and conditions when you are planning to claim a free bet offer/bonus.

The most common T&Cs that you should be aware of are:

  • Minimum odds
  • Maximum stake
  • Wagering requirements
  • Maximum payout
  • General terms and conditions

We’re obviously talking about a free bet, which suggests you’re allowed to place a bet free of charge. Right?

Well, that could be the case, but at a closer look, we find that the term free bets can suggest many different things. And sometimes they aren’t that “free”.

  1. Signup and validate your account and identity (such as e-mail address)
  2. Read the terms and conditions of the bonus – All bonuses will have specific T&Cs.
  3. Find the game/sports you have to bet on and the minimum odds – Only some games will be eligible for the bonus and the free bet will often only be valid if you bet on odds that of a certain size.
  4. Bet at least the minimum amount required – Free bets will also have minimum bet amounts that you need to adhere to.
  5. Repeat Steps 3 and 4 if you have multiple bets – if you have more than one free bet, do the same again with the other bets.
  6. Meet wagering and withdraw- If your bet wins, you will need to wager the money you won a set number of times before you can withdraw it into real cash.

 

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