Popular Free Bet Welcome BonusesĪny of our suggested online sportsbooks will be well stocked when it comes to free bet welcome offers, and they will come in all forms. Remember that certain sportsbooks will have specific terms and conditions, which we will discuss later in this guide. But there’s nothing to worry about if your free bet loses, as you won’t have lost any money. If your free bet wins, you will get to keep the winnings minus the stake which isn’t paid back. This means that when you place a free bet, you will be betting with money or credits awarded to you by the sportsbook or with the knowledge that you will be reimbursed if your opening bet loses. You will be able to wager at sportsbooks risk-free. On the surface, there is nothing untoward about free bets.