How to Use Your Paddy Power Free Bet

Looking for a way to get extra value? Then, Paddy Power’s free bet offer might be worth exploring. In this article, we’ll walk you through the process of claiming and using your Paddy Power free bet. Plus, we’ll tell you smart techniques for turning those free bets into potential matched bets at OddsMonkey.

Understanding How Free Bets Work

Free bets are not limited to just Paddy Power, as they are available at a large number of bookmakers. When bettors receive a free bet, it appears as a credit in their account that can be used for qualifying sporting events. If your free bet wins, you will receive the profit from that bet, not your original bet. The main difference between a free bet and a standard bet is that if you place a £10 free bet at odds of 3/1, you will receive £20 back instead of £30.

Understanding free bets is very important for every bettor, whether you place a bet 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 Bet

Bookmakers choose when to offer free bets to their existing customers. These may be tied to specific sporting events or celebrations, but times and availability will vary from bookie to bookie. However, one place where you will likely see free bets offered across the board is in terms of new sign-ups. Many major bookmakers in the UK 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 bet offer, follow these 3 simple steps:

1. Open a Paddy Power account.
2. Deposit £5 using a debit card.
3. Place a bet of £5 and receive £30 in free bets.

Now, Paddy Power’s current new customer offer is not your 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 examples of previous Paddy Power free bet offers, including how to claim and use those free bets. Free bets are seen across sports, including this example, which can be used on Greyhound Racing.

Paddy Power’s previous new account offer was: “Bet £10 and get a free bet worth £30”. Here’s how new customers can claim this Paddy Power free bet:

1. Open a Paddy Power account.
2. Deposit and bet £10.
3. Within 48 hours, the free bet appears in the account as 3 separate tokens, each worth £10.

Where to Find Your Free Paddy Power Bet

Once logged into your Paddy Power account, your free bets can usually be found in the ‘My Free Bets’ section of your account. If you qualify for an offer, the bonus can be found in this section, along with other important details such as the value of the free bet, its expiration date and any conditions related to the qualifying market or odds.

Now that you understand Paddy Power’s promotional free bets, we’ll show you how to use them.

How To Use Your Free Bet On Paddy Power

• Log in to your Paddy Power account.
• Any Paddy Power free bets you have are displayed below your account balance.
• Find and select the event you want to bet on. Check the T&Cs to ensure your selection qualifies for a free bet. Note any special offers or restrictions. For example, you may not be able to place a free bet on a football match that is part of a ‘Cash Back Special’ offer.
• Click on a selection to add it to your bet slip.
• Enter your bet amount on the bet slip.
• If your Paddy Power free bet is available to use, you will see the option to “Use Free Bet”.
• Choose to use your Paddy Power free bet and then press the “Place Bet” button.
• You will 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 make potential use of your Paddy Power free bets! Did you know that there is a way to potentially turn your free Paddy Power bets into profits? This is called matched betting, and we’ll look at an example of how it works.

The Best Way to Use Your Paddy Power Free Bet

Matched betting is a way of making money by using free bets and promotional offers provided by bookmakers. In matched betting, you place more than one bet to cover all possible outcomes of a sporting event. OddsMonkey has everything you need: training, tips, and tools. Start your free trial of OddsMonkey to find out more.

• Place a back bet on England to WIN.
• Place a lay bet on England NOT TO WIN (this includes a ‘lose’ or ‘draw’ outcome).
• By placing these two opposite bets, you have matched them, which means you may not make any profit, but you will not incur any loss either. But don’t worry, the point of this step is to unlock free bets.
• You have now unlocked the Paddy Power free bet.
• Now, to take things to the next level, repeat the process (re-placing and placing a bet) but this time at higher odds.

Paddy Power Free Bet Summary

With matched betting, it is normal for you to incur a small loss on your initial bet, for example £0.07. This is known as a Qualifying Loss, but it will unlock a larger free bet, which will be a profit for you.

Paddy Power free bets are a useful way to use your (matched) betting experience and potentially make money online. Claiming and using Paddy Power free bets is an easy process overall, and you can even try matched betting for extra value.

More Free Betting Guides

Once you’ve maximized your Paddy Power free bet, you can check out our other guides:

Paddy Power Free Bets FAQ

Although Paddy Power free bets come with many terms and conditions, there are many frequently asked questions surrounding the topic.

What Can Paddy Power Free Bets Be Used For?

Paddy Power free bets can generally be used across a wide range of sports and markets within the sportsbook. Common eligible markets where Paddy Power free bets can be used are:

• Football
• Horse racing
• Tennis
• American Football
• Golf
• Cricket
• Archery
• Rugby

How Long Should I Use Paddy Power Free Bet?

Free bets from Paddy Power usually have an expiry date of 7 to 30 days, so it is important to read the betting Terms and Conditions when using them.

Can You Cash Out Paddy Power Free Bets?

No, you cannot cash out a Paddy Power free bet, and the bet must be played in full for a refund to be made.