A "Free Bet" is a promotional offer provided by sportsbooks or online betting platforms that allows users to place a wager without risking their own money. If the bet wins, the user typically receives the winnings, but the original stake is not returned. This type of offer is often used to attract new customers or encourage existing users to try new betting options. Free bets usually come with specific terms and conditions, such as minimum odds or a time limit for use. They can be found in various forms, including no-deposit bonuses or matched bets, and are popular among both novice and experienced bettors looking to enhance their betting experience.