You have probably wondered what the catch is? It's simple the bookmaker offers a once off free bet to all new members to attract new customers and steal customers from other online bookmakers. Over the years the bonuses have been getting better and better due to the amount of new competition which is great for punters as they receive better incentives for signing up.

Can you make money from a Free Bet? In one word 'Yes' you can actually make money from a free bet offered from a bookmaker, i have done this myself and i know others who have made money from the free bets offered, remember that it is real money and not to waste it on any old horse. Think of the bet as $50 note that you have at your local club. Bet wisely and you can turn $0 into thousands.

What is the best bookmaker? I have been working in the racing industry for many years and have spent a lot of time reviewing and using different websites all of which have their own pluses and negatives. Below are the ones that have the best Free Bet offers.

Sportsbet $50 Free Bet ? Sportsbet is the only bookmaker i have found that offers a no deposit necessary free bet. That means you can sign-up and be given $50 to bet with without depositing.

Sportingbet $100 Free Bet ? Sportingbet i feel is the easiest bookmaker to navigate and offers great odds especially on big races, once you deposit $30 you will receive a $100 free bet.

Canbet $100 Free Bet ? I have used Canbet quite often lately this is due to their 25% cashback rebate meaning if you are in negative dollars for a month they will refund you 25% of what you have lost. They also offer a $100 free bet once you deposit $50.

Betfair $50 Free Bet ? Betfair is the fastest growing international bookmaker due to their unique betting system which offers better odds and more events to bet on. For a limited time they are offering a $50 Free Bet to all new members.

There are many other bookmakers although i have found those four to be the best for me, you can find many other Free Bet options. If you are not great at picking winners then check out Horse Racing Tips which offers daily best bets for Australian races, i have been following their tips and found they have a strike rate of 35-40% win ratio which is very good for a free tips website.