As the name suggests, you can claim this type of free bet without making a single deposit at the sportsbook. Since it is a 100% free offer, sportsbooks usually gift players small amounts of betting money – $10 to $20 is the norm.
You cannot withdraw this bonus money instantly. You can only use it to place wagers in the sportsbook. Further, they also come with additional playthrough requirements. If you win the wager, you have to use the funds to place additional wagers.
The actual number of times you have to wager your no deposit bet winnings will depend on the individual sportsbook rules. However, one rule is universal – you cannot withdraw your winnings until you fulfill the playthrough/wagering requirement. Here is a quick example:
$10 No Deposit Free Bet with 10x Playthrough– if you win $20 on your bet, you will have to make additional bets worth $200 (10 X $20) to unlock the ability to withdraw your winnings.