Free Bet Bonuses for South African Players

There has been an extraordinary rate of growth in the online gambling sector over the last decade. The market size surpassed $55 billion in 2019 and is estimated to grow at a rate of 16.5% CAGR from 2020 to 2026. Factoring in the on-going pandemic, some would even say that this forecasted growth rate is conservative. With such a huge market in place, it is no wonder that there are hundreds, if not thousands of online casino and online sportsbook websites.

If you are an online casino enthusiast based in South Africa, you have come to the right place. We are going to take a look at the top betting free bonuses offered at South African online casinos. So, if you want to boost your bank roll with the best free bets online then check out our best betting free bonuses for 2021 below. Out list of recommended top ten free bet casinos specifically caters to South African players.

Below you will find the best betting sites free bets. Keep reading to find out more about how to cash in free bets for real money.

The competition amongst online betting platforms is cut throat. One of the key marketing techniques used by online casinos and sportsbook is to offer betting free bonuses in order to attract new players and also to retain existing players and keep them actively engaged at the platform. Online casinos and betting sites have come up with a variety of betting free bonuses and free bets to excite and attract players. On this page, we will discuss some of the main types of bonuses such as welcome bonus, no deposit bonus, no deposit free bet and free matched bet.

A bonus is basically like a promotional offer extended by an online casino or online sportsbook website to new and/or existing members. Bet free bonuses are offered by online casinos for various reasons. One of the primary functions of a bonus is to attract new players and get them to sign up. Secondly, bonuses also ensure that existing members are actively betting and playing on the platform. Members can benefit from bonuses as it gives them good opportunity to make good money, bet without risk, win free money and much more. There are many different types of bet free bonuses.

When you claim a free bet bonus successfully, you will receive additional funds as bonus money with which you can place bets, play casino games, etc. The process in which you can claim a bonus may vary and is usually specific to the bonus. Some bonuses will need you to type in a bonus code or promo code in order to claim it. The amount of money you can win through a bonus, and how to claim it will depend on the betting site and the specific offer itself.

Welcome bonuses are one of the most popular types of bonuses offered. These incentivize new players, and if used properly, it can give new players a great boost.

Let’s take a look at some of the different types of free bets offered.

Welcome Bonus

As the name suggests, this is a bonus which serves as a welcome to new players. The main objective of a welcome bonus is to attract potential new players, get them to sign up for an account and even have them make a real money deposit. Essentially, any bonus extended to new players is regarded as a welcome bonus. There are different types of welcome bonuses as well.

Deposit Bonus

A bonus which requires the player to make a certain qualifying deposit in order to receive the bonus money is known as a deposit bonus. For example, if an online casino is offering free spins on certain slots to players who make a deposit of at least R200 or more, then this would be an example of a deposit bonus.

The most popular type of deposit bonus is a match bonus. For example, if the casino offers a 100% match bonus up to R5000, this means that if you deposit R500, the casino will credit a bonus of R500, so that you have R1000 to play with.

No Deposit Bonus

A No Deposit Bonus is sometimes also called a sign-up bonus or a registration bonus. Typically, this kind of bonus is awarded to a new player simply for creating an account at the concerned online casino or sportsbook. As it is meant for new members and is usually linked with the welcome package along with the first deposit bonus.

Free Matched Bet

A free matched bet is not the same a matched betting. Matched betting is a strategy in which players use free bets and deals offered by a sportsbook to ensure loss-free betting. On the other hand, a free matched bet is when an online sportsbook gives you a free bet equivalent to your own bet. For example, if you made a bet of R100 as your first bet, and received a free bet from the sportsbook worth R100, then it is called a free matched bet, since the platform matched the value of your own bet with the free bet that they offered you.

Free Bets with Restrictions

A free bet is exactly what it sounds like. The sportsbook gives you a bet on the house. The value of the free bet will depend on the specific platform and offer. Using the free bet, you can place a wager and the winnings are yours to keep. If you lose, you don’t really lose any of your own money since the bet was given to you free of cost in the first place. Usually, free bets come with some restrictions. The restrictions dictate which sports you can use the free bet, what the minimum odds of the bet you place must be, etc.

Free Bets with no Restrictions

A free bet which you can use on any sporting market of your choice, or take any bet irrespective of what the odds are, etc. is known as a free bet without restrictions. When you have a free bet like this, the traditional limitations of a free bet are lifted.

Claiming a free bet offers is different at different casinos and sportsbooks. Most often, free bets are offered to new players who have just signed up for an account and it does not even require for the player to make a deposit. Some platforms will have a bonus code or promo code specifically for the free bet offer whereas others may not need it. You can win real money with free bets as long as you satisfy all the terms and conditions.

• Steps to follow:
  • 1. Select Free bet offer
  • 2. Go to the sign-up page at the casino of your choice
  • 3. Fill in your personal information, address and email address
  • 4. Confirm your identity
  • 5. Select your preferred payment method and deposit into your account
  • 6. The next time you log in you should have the free bonus credited to your account
  • 7. Use this bonus before it expires, usually between 7-30 days

How to cash out a free bet offer

So, we just gave you step by step instructions on how you can claim a free bet. Generally, you just have to sign up with the sportsbook to receive the free bet. The question now is – can you win real money playing with a free bet? The answer is yes. Even though you are not paying for the bet, any winnings that result from the free bet are yours to keep. However, you do need to go through the terms and conditions to understand the requirements. Apart from using the free bet before it expires, you should also know that there are certain wagering requirements which need to be satisfied before you are able to withdraw any winnings courtesy of the free bet.

Once you have completed the wagering requirements, the bonus winnings are converted from bonus money to real money and is now eligible for cash out or withdrawal. Depending on which sportsbook you are using, there could be a various banking method you may use to cash out free bet winnings. Some of the widely supported banking methods in South African sportsbooks are credit/debit cards, e – wallets, EasyEFT and bank transfer.

When you place a cash out request it goes into pending status until it is approved. Once the pending period is completed, the cash out is then processed and the time taken for processing will depend on the banking method being used.