What are No Lose Free Bets?
When people hear the term “no lose free bet” their first thought is often – understandably – “what’s the catch?” But even in this world of marketing slogans and nonsense, the no lose bet does exactly what it says on the tin (see, another slogan crept in without us even noticing!).
A no lose free bet is simply a free bet that is only granted if you place a bet with a bookmaker you have joined and that bet loses. In such a scenario, while your bet has gone down and your cash is lost, you at least get a second bite of the cherry with the bookie offering you a free bet that is usually equal to your initial stake.
Of course, if you then lose the bet you place with your free bet, you’re still out of pocket, but at least you got a second chance.
Obviously this is not (usually – see Betfred’s offer below) as generous an offer as the standard free bet which would be credited to your account whether your first bet was a winner or not. But in most circumstances no lose free bets are still well worth grabbing as they offer a great insurance policy on your initial bet and overall leave the bettor in a position where they would expect to make a profit in the long term.
Bookies Who Offer No Lose Free Bets
Given that we only work with the best bookies in the business, all of whom are very generous with their betting offers and free bets, not many resort to the no lose free bet, instead offering the better value win-or-lose variety that most punters (and we) prefer. We’ll keep you posted if any good ones pop up though.