With a free bet, Betano provides the money for the bet, and you don’t use your real balance. With a risk-free bet, you provide your own money and, if the bet doesn’t win, Betano gives you a free bet to play again. The main difference is who provides the money and what you receive when you lose or win.
Who provides the money for each bet
If you’re wondering where the money for your bet comes from, the answer changes depending on which promotion you use:
- Free bet: Betano provides the balance. You don’t use money from your real balance to place it, so nothing is deducted from your account.
- Risk-free bet: you provide the money. The amount is deducted from your real balance, and the protection is activated only for that bet.
Although the name says “risk-free,” with a risk-free bet you’re playing with real money. If you don’t win, you lose that money, and what you receive in return is a free bet, not cash.
How to use a free bet and how to activate a risk-free bet
To use either of these benefits on your bet, follow the steps for the option you want to use.
Steps to use a free bet
- Choose your bets. You can use the free bet on single and combination bets.
- Click the “FREE BET” button, which appears above “PLACE BET NOW”.
- Select the amount of your free bet that you want to use. You can use the full amount or part of the available balance.
- Click “PLACE BET NOW” to confirm your bet.
Steps to activate a risk-free bet
- Select your events. You can activate the risk-free bet on single, combination, and Bet Builder bets.
- Enter the real-money amount you want to play in the amount field.
- In the “Available Rewards” section, activate the “RISK FREE BET” option. There, you’ll see the maximum amount you’ll receive as a free bet if you don’t win.
- Click “PLACE BET NOW” to confirm your bet with the protection activated.
What you receive if you lose or win with each benefit
What happens to your balance when the event ends depends on whether you used a free bet or a risk-free bet.
If your bet doesn’t win
- Free bet: you don’t lose any real money. The free bet is used, and your account balance stays the same.
- Risk-free bet: you lose the money you wagered, but Betano gives you a free bet, up to the maximum amount indicated in the offer, so you have a second chance to play.
If your bet wins
- Free bet: you receive only the net winnings, excluding the free-bet amount. They are available in your balance to withdraw or continue playing. Example: with a $10 free bet at 2.00 odds, you win $10.
- Risk-free bet: you receive your full payout, as with any regular bet: the winnings plus the money you wagered. Example: with $10 at 2.00 odds, you receive $20.