Free bets refer to a type of wager that is offered by bookmakers or online gambling sites without requiring any initial deposit from the player. These free bets are usually given as an incentive for new customers to sign up and try out their services, with the hope that they will continue using the site once the free bet has been used up.
In some cases, bookmakers may also offer free bets to existing customers as a reward for loyalty or as part of promotional campaigns. These bonuses can be used on any market or event and can provide players with additional chances to win money without having to make an initial investment. However, it is important to note that there may be wagering requirements attached to these free bets, which means that the player must place a certain number of bets before they are able to withdraw any winnings.