Apr 21 2010
The Dangers of Free Bets
While free bets may look positive on the surface, they carry with them a number of dangers which can put customers at great risk.
The majority of free bets are well intentioned and work in a very professional and systematic way. However, there are many others where you should study the small print hard before you proceed.
Many betting companies will tempt customers in with offers of free bets, which will often be for huge sums of money. However, they will not explain important terms you will need to look at in order to qualify for this money.
This will often involve you having to place a bet of this same amount on a single event. You will then not receive your money straight away, which can leave you broke for a number of days.
Regardless of the nature of free bets, there is always the danger of becoming addicted to gambling. Responsible gambling groups actively campaign against free bets, which they say cause many to plunge their own money into the industry.
It is also very easy to sign up for multiple accounts with different bookmaking companies. They will all require you to release specific personal details in order to qualify for free cash. These details can be traded around and lead you into getting spammed by email or regular mail offers, which are sent to your main address of residence. Although you may check a box for privacy, it will not always be adhered to.