What is a Bonus Bet?

A bonus bet, also known as a free bet, is a type of promotion offered by bookmakers and sports betting websites to incentivize customers to place bets. It allows them to place a wager without risking their own money, as the amount wagered is covered by the bookmaker. The customer typically receives the bonus bet as a credit to their account, which can be used to place a single bet or multiple bets until the value of the bonus bet is depleted. The winnings from a bonus bet can often be withdrawn, but the initial bonus amount is usually non-withdrawable.