For example, place a bet on a specific football match and if your bet loses but the game finishes 0-0, receive your stake back as a free bet of up to £10. Insurance Offers – bet on specific events, and if you lose but a specific scenario occurs, you will receive your stake back up to a certain amount as a free bet.A Free Bet Club – you’ll receive a free bet when you make the requisite number of regular bets, such as placing four accas in a week.Welcome offers when you open a new betting account – in order to credit your account with a free bet you will need to make a first deposit of usually between £5 to £10.Online bookies offer players free bets as part of all sorts of promotions.