Taking Advantage of Free Bets

Do you enjoy online betting but don't want to risk your own hard-earned money? Then you're in luck. Online bookmakers frequently run promotions that offer free bets. Most offer free bets to existing customers, but many sites will give you a free bet just for signing up. If you are new to betting, this can be a great way to get your feet wet. They typically offer anywhere from a five dollar bet, all the way up to fifty dollars. You can really take advantage of this opportunity.

It may be easier than you think to turn five dollars into some real cash. Bookmakers offer all types of different wagers. You can also bet on almost any sport you can think of. Let's start with some of the different types of wagers. A straight bet is pretty straightforward. No pun intended. You pick one team to win outright, cover a specific spread, or score above or below a certain number. You can make one selection with a straight bet. For instance, online horse betting, you get to select one horse, and one horse only. 

A parlay bet is a good way to make some real money with a free bet. When doing a parlay bet, you select 2 to 12 teams to win, cover the spread, or go over or under. Whether you bet on 2 or 12 teams, each team you select has to accomplish the goal you picked them to do. If 5 out of 6 teams win, you win nothing. The more teams you select, the more money you stand to win. This is because as the team number goes up, the odds of each team you picked winning goes down. 

Here's an example of how you can win big money with a parlay bet. I recently received a free five dollar bet from http://www.australianfreebets.com.au/, I placed a parlay wager on three basketball teams to cover the spread. Each selection won for me and I turned five dollars into thirty. The next day I wagered twenty dollars on 4 separate parlays. I again selected three teams for each bet. I lost two of my bets but won the other two. Each payed out thirty dollars again. I lost ten dollars but won sixty dollars, plus the original five dollars I used for the two winning wagers. I also still had ten dollars remaining that I did not use on the second day. In two days, I turned five dollars into eighty.

Even if you know absolutely nothing about online betting, if you receive a free bet, you should use it. You never know if you are any good at betting until you try. Most sites offer online horse betting, basketball, football, baseball, hockey, golf, racing, soccer, and other sports. Odds a pretty good that if your looking into using an online bookmaker, you know a little something about at least one of these sports. They also offer prop bets and progressive parlays. An example of a prop bet would be that a player has to go above or below a certain number of rebounds, or you bet that they will or won't score in the first half. A progressive parlay allows you to lose one to three games and still win money. Try it out for yourself.

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