No Deposit bonuses can be based on free bets and sign-up offers. Bookmakers can give customers a free bet for meeting certain requirements, typically upon signing up to a site for the first time, however, they can also be given out for already existing customers too surrounding popular events. Typically, many sportsbook and casino promotions require you to deposit cash into the account before bettors can actually receive any free bets or bonus funds. On the contrary, no deposit bonuses do not require you to deposit funds into the account first or make any initial qualifying bets, hence these offers are labelled as ‘no-deposit’.
How Do No Deposit Bonuses Work?
No Deposit bonuses work similarly to Risk-Free offers as no deposit is needed into the account. These types of offers are generally used to get new users to sign up, with bookmakers giving users a free bet with hopes that the user will continue to use their site in the future. Sometimes, the bet might be added to an account in the form of bonus funds instead of a bet, such as a free £5 stake. It is expected that the bonus cannot be withdrawn into your bank account as the bookmaker will require you to use the bonus funds to place bets first before you can potentially withdraw any returns that may have been yielded from the no deposit bonus.
These no deposit bonuses often work in a similar way to ‘Bet x, Get x‘ offers, except you do not have to bet anything to get the offer, making them essentially risk-free offers that can be used in a strategic manner if wishing to do so.
Most No Deposit bonus offers will have a stake limit, such as a £10 maximum on any selections or sporting events. With there often being applicable regulations like this, it is always important to check the terms and conditions of every promotion. Some promotions require you to ‘Opt In’ first as well or use a specific promotional code before actually being able to claim what a bookmaker disclaims.
No Deposit Bonus Examples
Most No Deposit bonuses are included in sign-up bonuses because there is no risk involved for the users real funds. However, these seem to be changing, with some sites requiring stakes to be placed before being offered a bonus, such as a bet of’ £5, get £10′.
An example of some no deposit bonuses could be the Ladbrokes Fan Zone which requires no deposited funds but could potentially lead to exclusive offers such as free bets, odds boosts and free-to-play games. These bonuses are given out to people who sign up for the fan zone feature. The offers that are given out are usually valued around £0.20 to £0.50, which is expected for ‘no deposit’ bets. Ladbrokes has plenty of great offers besides this too, with our Ladbrokes free bets guide at OddsMonkey breaking down some of their other popular promotions.
A different form of no deposit bonus is Sky Bet’s Super 6. The hugely popular game requires you to correctly predict the scores of 6 football games, which are pre-selected for a chance to win £250,000. Super 6 has become a great part of the football betting community, and with no join-up fee and being completely free to take part, there is no risk involved due to not needing any initial deposit. Sky Bet also offers a free £5 bet every week when part of the ‘Sky Bet Club’, which is another no deposit offer. To make the most of Sky Bet free offers, we also have Sky Bet free bets guide on site too.
How Do ‘No Deposit’ Bonuses Link To Matched Betting
With free bets on offer through these no deposit bonuses, matched betting can come into play. Matched betting allows for margins of profit to potentially be locked in by carefully choosing odds and placing a back bet and a lay bet. Using the free bet will allow you to cover one portion of the matched bet, with a counteracting bet being placed using real funds in order to cover all eventualities of an event. Even though it can be hard to work out, here at OddsMonkey, we have a matched Betting calculator you can easily use to do all the necessary calculations.
Matched betting, when used alongside no deposit bonus, is a great way to make the most of these offers, but only if done correctly. You can bet on one outcome, work out what the stake would offer, and then use that amount to bet on the lay bet. Ensuring these stakes match up with the real funds you have placed is essential. Otherwise, you could have an unmatched bet that doesn’t cover all outcomes.
Matched betting can sometimes be a little intricate, especially if new to the strategy, so ensuring you are clued up is essential. OddsMonkey is your place to go when it comes to matched betting advice, and all the essential tools and calculators that may be required, with our matched betting blog also giving vital tips and tricks to help you learn more about how no deposit bonuses can be utilised most effectively.
