📝 Post Summary
Unlocking value with Paddy Power's free bets is straightforward—just sign up, deposit £20, and place your first bet to get £20 back if it loses. Keep an eye on their special offers for existing customers and always check the terms and conditions before using your free bets to maximise your returns.
Looking for a way to unlock some extra value? Then, Paddy Power free bet offers could be worth exploring. In this article, we’ll guide you through the process of claiming and using your Paddy Power free bets. Plus, we’ll let you in on a clever technique to transform that free bet into matched betting potential at OddsMonkey.
Understanding How Free Bets Work
Free bets are not limited only to Paddy Power, as they are available throughout a huge range of bookmakers. When bettors receive a free bet, it appears as a credit in their account that can be used for eligible sports events. If your free bets win, you will receive the profits from the bet, not your original stake. The key difference between free bets and standard bets is that if you place a £10 free bet with the odds of 3/1, you will receive £20 back, instead of £30.
Understanding free bets is essential for any bettor, whether you place bets on football or cricket, or you are someone who takes part in value betting, free bets can be used in a variety of ways.
If you are interested in learning how other betting techniques work, you can check out our detailed matched betting blog on the site.
How To Claim Your Paddy Power Free Bets
Bookmakers choose when to offer free bets to their existing customers. This may be linked to specific sporting events or celebrations, but the timing and availability will differ from bookie to bookie. However, one place you’re likely to see free bets on offer across the board is when it comes to new signups. Many of the major UK bookmakers offer free bets to new customers who open an account.
Currently, Paddy Power is offering a new account offer: “Bet £5 and receive £30 in free bets.” To claim this Paddy Power free bets offer, follow these 3 simple steps:
- Open a Paddy Power account.
- Deposit £5 using a debit card.
- Place a bet of £5 and receive £30 in free bets.
Now, Paddy Power’s current new customer offer isn’t a typical free bet offer. Bookmakers frequently change their offers, so please double-check all terms and conditions before signing up. Next, we’ll look at an example of a previous Paddy Power free bets offer, including how to claim and use the free bet. Free bets are seen all across sports, including this example, which can be used in Greyhound Racing.
A previous Paddy Power new account offer was: “Bet £10 and get £30 worth of free bets”. Here’s how new customers could claim this Paddy Power free bet:
- Open a Paddy Power account.
- Deposit and bet £10.
- Within 48 hours, the free bet appears in the account as 3 separate tokens, each worth £10.
Where To Find Your Paddy Power Free Bet
After logging into your Paddy Power account, your free bet can typically be found under the ‘My Free Bets’ section in your account. If you have qualified for an offer, the bonus can be found in this section, alongside other important details such as the value of the free bet, its expiration date, and any terms related to eligible markets or odds.
Now that you are familiar with the promotional Paddy Power free bets, we’ll show you how to use them.
How To Use Your Free Bets On Paddy Power
- Log in to your Paddy Power account.
- Any Paddy Power free bets you have are displayed underneath your account balance.
- Find and choose an event you want to bet on. Check the T&Cs to make sure your selection qualifies for the free bet. Keep an eye out for any special offers or restrictions. For example, you might not be able to place a free bet on a football match that is part of a ‘Money Back Special’ offer.
- Click on the selection to add it to your betslip.
- Enter your stake amount on the betslip.
- If your Paddy Power free bet is available for use, you’ll see an option to “Use Free Bet”.
- Opt to use your Paddy Power free bet and then hit the “Place Bet” button.
- You’ll receive a confirmation receipt for your bet. Then, it’s time to wait for the event to take place.
But wait, there’s another way to potentially use your Paddy Power free bets! Did you know there’s a way to potentially turn your free Paddy Power bets into profit? It’s called matched betting, and we’ll look at an example of how it works.
The Best Way To Use Your Paddy Power Free Bets
Matched betting is a way to make money by using free bets and promotional offers provided by bookmakers. In matched betting, you place more than one bet to cover all potential outcomes of a sporting event. OddsMonkey has everything you need: training, tips, and tools. Start your OddsMonkey free trial to find out more.
- Place a back bet on England to WIN.
- Place a lay bet on England to NOT WIN (this covers a ‘lose’ or ‘draw’ outcome).
- By placing these two opposing bets, you’ve matched them, which means you might not make any profit, but you won’t suffer any losses either. But don’t worry, the point of this step is to unlock a free bet.
- You’ve now unlocked a Paddy Power free bet.
- Now, to take things to the next level, repeat the process (placing back and lay bets) but this time at higher odds.
Paddy Power Free Bets Summary
With matched betting, it is normal to make a small loss on your initial bet, for example, £0.07. This is known as a Qualifying Loss, but this unlocks a larger free bet, which will be the one that you profit from.
Paddy Power’s free bets are a useful way to use your (matched) betting experience and to potentially make money online. Claiming and using Paddy Power free bets is a straightforward process overall, and you can even try your hand at matched betting to unlock extra value.
More Free Bet Guides
Once you have made the most of your Paddy Power free bets, you can check out our other guides:
Paddy Power Free Bets FAQs
Whilst Paddy Power free bets come with plenty of terms and conditions, there are loads of frequently asked questions surrounding the topic.
What Can Paddy Power Free Bets Be Used On?
Paddy Power free bets can generally be used across a wide range of sports and markets within the sportsbook. Common eligible markets that Paddy Power free bets can be used on are:
- Football
- Horse Racing
- Tennis
- American Football
- Golf
- Cricket
- Darts
- Rugby
How Long Do I Have To Use Paddy Power Free Bets?
Free bets from Paddy Power usually have an expiry date of 7 to 30 days, so it is important to read the Terms and Conditions of the bet when using it.
Can You Cash Out Paddy Power Free Bets?
No, you cannot cash out Paddy Power free bets, and the bets will have to be played out in full for a return to be made.
