Bookmaker termsGlossary
Free bet
Also known as: Free bet stake, Bet credit
A bet funded by the bookmaker rather than the punter, almost always stake-not-returned. A £10 free bet at 2.00 returns £10 profit on a win (not £20). Free bets are typically restricted to qualifying markets at minimum odds (often 1.50). The expected value of a free bet is roughly half its face value at typical odds.