XYZ Free Bet
Last updated
Last updated
A free bet is a feature that can be redeemed on bookmaker.XYZ for an entirely free bet on any market. In the future, we may apply conditions to the free bets so they can only be used on specific sports, markets, or events.
Free bets are collateralized 1:1 in the freebets contract, this means users keep the profit from the wager but not the wager itself.
Example:
You receive a $10 Free Bet and place a bet with odds of 2.0. You win the bet. The total amount is $20 - $10 winnings and $10 collateral. You keep the $10 winnings and the $10 collateral stays in the Free bet contract.
Free bets are earned through different promotions. Join and follow our account, all promotions are posted there.
If you have received a free bet you will see a pop-up on the screen when you connect to bookmaker.XYZ. This popup will be visible the first time you connect after receiving the free bet.
Select an outcome you would like to bet on.
The betting slip will load and display the free bet in the betting slip.
If you don't want to use the free bet right away, simply select the "X" and this will remove the free bet from the betting slip.
If you would like to use it on your next bet. Select an outcome and then select "Apply Bonus" to use the free bet.
Select "Place Bet" and confirm the transaction on-chain (You still need to pay the gas on this transaction).
All free bets have an expiry date. This is typically between 3 - 7 days. Make sure you use your free bet before the expiry that is displayed. Free bets are used ONLY on SINGLE bets on PREMATCH markets. COMBOS and LIVE free bets are not available yet.
