Once the free bet is graded, any winnings are allocated to your cash account, and the free bet stake disappears.įor instance, let’s say you receive a $100 free bet and decide to take a shot on the New York Knicks, which are going off at +600 against the Los Angeles Lakers. Instead, you’re going to have to make a qualified wager (see terms and conditions of any offer before accepting). They’re not cash, so don’t think you can claim a free bet and cash it out. Which Sports Betting Markets Offer Free Bets?įree bets are a credit given to players at online sportsbooks that enables them to place a bet without incurring any inherent risk.What's Better: Free Bets Or Risk-Free Offers?.