Many of the best online sportsbooks give profitable free bets to all their new customers. All you have to do is register with the bookmaker, make a deposit and place your initial bet, and the bookie will credit your account with a free bet. An experienced bettor should easily understand the profit potential of these bookie promotions. The only difficulty with this kind of offers is that you need to place a bet with your own cash first, but there is some risk involved whenever you are wagering money. That's where matched betting becomes handy.