Ultimate Guide on Free Bets in New Zealand

Free bet bonuses are among the most common promos on New Zealand sports betting sites. Although they're small in size, they are simple to use and rewarding, and you usually get them for registering and making a small first deposit.

Both the betting site and the punter can benefit from a free bet. Unlike large match deposit offers, free bets are more attractive to most punters as they tend to provide more for less money.

However, even though it's a bet that requires no or little of your own money to claim, it still comes with various stipulations. Myriad of T&Cs apply, so let's take a closer look at how free bets work, how to find the best ones, what types you can obtain, their pros and cons, and more.

Find the Best Sports Betting Sites With Free Bet Offers

Finding the best free bet promotion is not easy. You need to know what constitutes a good free bet bonus — suitable minimum odds and qualifying bet conditions, favourable wagering requirements, when to choose deposit-free bets and when to go for a rewarding no deposit free bet, betting bonuses in general, and more.

Moreover, you should know how to find the right NZ online bookmaker with a free bet bonus. You mustntify a valid online betting site by checking that it features the following:

• Good reputation,

• Proper license,

• Wide sports coverage,

• Competitive sports betting odds,

• Favourable bonus terms,

Betpack helps with that by giving you all the necessary explanations of these terms and what to look for in a free bet bonus. More importantly, we provide a free bet bonus list that our betting experts specifically created for our readers. They analyse large quantities of quality NZ online betting sites and their free bet promotions and separate only the best ones.

Free Bets Explained

A free bet is a type of sports betting site promotion, usually awarded as a welcome bonus for new punters, that provides players with free money they need to use on one or more qualifying bets. It typically comes in the form of a small specific amount, like $10, $20, or $50.

Players can claim the promo by registering and making a specific minimum deposit, making such promos similar to regular first deposit bonuses. In return, you get free bet credits you can use on qualifying bets with specific odds and a number of selections. You're also often required to wager the free bet winnings a specific number of times before withdrawing the money.

To help you understand how free bets work, here's an example. An online bookmaker offers you $20 in free bets for placing a $20 real money bet. This means that you're automatically given free bet credits after making the qualifying wager. Then you get the $20 bonus as two $10 free bets. You must use each on a bet slip with two or more selections, with 1.3 odds. If you win the bets, you need to wager the funds 2x before withdrawing them.

What to Check When Claiming a Free Bet Offer on NZ Bookies

No free bet offer is entirely free, even if it doesn't require any of your own money to claim. They always come with certain stipulations like a specific qualifying bet, minimum odds, minimum deposit, and more. Many of these conditions are the same as other sports betting offers, so they shouldn't surprise an avid punter.

Let's take a closer look at the important terms and other stipulations that can help you separate a good free bet bonus from a rip-off.

Look at the Bonus Terms and Conditions

Specific T&Cs apply to every free bet offer. To know if the betting site bonus is sweet as, you need to check them. As heaps of T&Cs apply, you need to know which ones matter the most, like the wagering requirements.

Moreover, it would be best to see how the requirements relate to the bonus size. You'll find many free bets worth $50 or more, but they come with high wagering requirements and complicated qualifying bet stipulations, making them less worthwhile than smaller free bets.

So, whenever you find a seemingly great free bet sign-up offer, scroll through its main terms to ensure it's worthwhile. You want to see wagering requirements of 5x or lower. Other terms should not be restrictive. For instance, there should be a high max win cap or none at all. Also, there will be a period in which you can use the offer as all bonuses expire after a while, so make sure you either opt for a bonus that lasts long or that you can use in time.

Bonus terms are some of the primary features we check in a betting site bonus when compiling our lists. That's why all the best bookmakers on the market we recommend have favourable terms, among heaps of other benefits.

Check the Required Min Deposit

As mentioned, you'll usually have to make a min deposit to claim the bonus bets. Naturally, this doesn't apply to a no deposit free bet.

On the other hand, if you're dealing with a deposit free bet offer, you want to get reasonable min deposit requirements. The lower they are, the better. They should be equal to or lower than the actual free bet credits.

For example, getting $30 in free bets for a $10 min deposit is a sweet offer.

Look at the Required Minimum Odds

Claiming the free bet credits doesn't mean you can use them any way you like. In all cases, specific minimum odds T&Cs apply.

However, the requirements need to be reasonable, and in most instances, they are between 1.5 and 2.0, which should be fine for most punters.

Most betting sites have systems that don't allow bettors to use free bet credits on wagers with lower odds than what's required, so you don't have to worry about accidentally placing a bet with higher sports betting odds.

Check the Required Number of Selections

Minimum odds are a given in most free bets, but some also require placing a certain number of selections to make a qualifying bet.

Some free bets don't require this, so you can make a single. This is a better option, but even if this condition exists, it won't be a problem as long as the number of selections is low.

You want it to be three or fewer, as each selection still has to respect the minimum odds requirement.

Types of Best Free Bet Offers

If you've never used free bets before, you ought to know that there are several types. We've briefly covered no deposit and deposit free bets, but they deserve further explanations. Plus, there are several other types you should know about. Let's look at the best free bet offers you need to consider.

Standard Free Bets

Standard free bet offers are the most straightforward promos of this type. Heaps of online sports betting sites have them, but only on special occasions like:

• Major sports events like the FIFA World Cup or the T20 World Cup,

• During holidays like Christmas or New Year.

The bonus is simple as it's effectively free money. It's not a welcome or deposit bonus, and there aren't many special requirements. The betting site gives it for free, and you can use it in a qualifying bet or multiple bets.

Matched Free Bet Offers

You'll find these as welcome bonuses, and they are almost the same as 100% match deposit bonus offers. In essence, you must make a qualifying bet in a specific amount, and the betting site will award you an equal share as free bets.

For example, the online betting site will give $30 in free bets if you wager $30 of your own money.

Moreover, these free bets work as multiple bets on many occasions. So if you get $30 in free bets, you might get to use three $10 wagers or two $15 ones.

Bet X and Get Y in Return

These types of free bets are similar to match ones, but the amount you get is not the same as the money wagered.

For instance, you could claim bonuses like these:

• Bet $10 and get $30 in free bets

• Bet $10 and get $20 in free bets

Sweet as free bets of this type always require you to bet less than what you get in return.

Risk-Free Bets

A risk-free bet is one of the best free bets a punter could ask for. In essence, you cannot lose, or you'll lose very little with this offer because you're required to place a qualifying bet with your own funds, and if it fails, you'll get a specific free bet in return.

For example, a betting site might offer risk-free $20 in free bets if you place a $40 wager with three selections of 1.5 odds each.

A risk-free bet is somewhat similar to a high-percentage cashback promo, but instead of getting betting funds, you get free bets of specific values. The former sounds better, but the latter usually comes with lower wagering requirements. Plus, most cashback promos only cover a portion of the wager, while risk-free bets can equal the amount wagered.

No Deposit Free Bets

A no deposit free bet is the same as the standard one we've described, with the main difference being that it typically goes to new players as a welcome bonus. It's also comparable with a no deposit casino bonus.

The promo is usually small and comes with several stipulations like a maximum win cap, non-returnable free bet stake, minimum odds, wagering requirements, and more.

Enhanced Odds Free Bets

Heaps of punters are familiar with enhanced odds offers that give them better odds in return for wagering on specific events or matches.

A free bet of this type is the same, with the only difference being that you're not getting paid in real money or betting funds but free bets.

Free Bet With the Bet Credits Stake Not Returned

Many betting site bonuses come with free bet stakes that are not returned to the punter.

For instance, if you get a $10 free bet with a non-returnable free bet stake, and you win $50 in total, you'll get $40 in your account as you'll have to forfeit the $10 stake.

How We Choose the Best Free Bets?

To find the most rewarding betting bonuses for punters, we check the features of most promos. It's a process we've formed over years of experience reviewing sportsbooks and betting bonuses like free bets. Let's take a closer look at that process.

Bottom Line

Free bets are one of the most common betting bonuses at New Zealand online bookmakers. Moreover, they are often counted among the most lucrative ones too. Even though they tend to come with many terms and conditions like minimum odds, a number of selections, and wagering requirements, they can still be very worthwhile to a punter looking for a new sportsbook to join.

They come in many shapes and sizes, including first deposit-free bets, no deposit free bets, risk-free bonuses, and more. One or more of these are bound to appeal to every punter, beginners and experienced bettors alike.

Free bets are usually small, but they require little to no investment, making themal for punters looking to try a sportsbook, make additional wagers, or even recuperate losses.

With heaps of types and bonus terms, it can be easy to get lost in the sea of offers, but this free bet guide should have everything you need to know to learn how these promos work. Most importantly, we have a list of some of the best free bet bonuses in New Zealand, so all you need to do is choose one. You can pick more than one, as that's one of the main benefits of free bets.

Check out our top list and pick the site and corresponding free bet you like the most to getd. Read the terms, and if everything is sweet as, you can create an account. Follow the requirements to claim the free bet and start placing bets.