# Free Bets

This quick video shows you how to use a **freebet** on Overtime Markets, a decentralized onchain sportsbook.

A **freebet** lets you place a bet without using your own funds. If your bet **loses**, you lose nothing. If it **wins** — you **keep the profit**, but the original stake is **deducted** from your **freebet balance.**

**Example**:\
You use a $50 Freebet on a market with x3.0 odds.\
✅ If you win, you receive **$100 in profit, and your $50 freebet is used up.**

{% hint style="warning" %}
Sometimes freebets must be **claimed first**, especially if you're accessing one via a referral or promo link. If that's the case, just hit the **Claim Freebet** button after connecting your wallet.
{% endhint %}

{% embed url="<https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqSlj8vWOOVBuhXhcN6iy%2Fuploads%2FO9izgH25aVE9SnKcZhyr%2Fclaimandfreebet.mp4?alt=media&token=cbc23be1-110b-4f40-bdaf-02483da82011>" %}
Claim and bet walkthrough
{% endembed %}

#### Step-by-Step: How to Use a freebet on OvertimeMarkets

1. **Connect Your Wallet**\
   Go to [overtimemarkets.xyz](https://www.overtimemarkets.xyz/markets) and connect your wallet (make sure you're on Base, Optimism, or Arbitrum).
2. **(If Needed) Claim Your Freebet**\
   If you received a Freebet via a link or promotion, you might need to **claim it manually**. Look for a **"Claim Freebet"** button after connecting.
3. **Check Your Freebet Balance**\
   Once connected (and claimed, if needed), check your **freebet balance** in the top bar or account area.
4. **Pick a Match**\
   Browse the list of games and choose one you'd like to bet on.
5. **Choose a Market and Selection**\
   Click an outcome to add it to your bet slip (e.g. team to win, total points over/under).
6. **Enable the Freebet Option**\
   In the bet slip, toggle **“Use Free bet”** so the Freebet is applied instead of real funds.
7. **Place the Bet**\
   Click **“BUY”**
8. **Wait for the Result**
   * ❌ If your bet **loses**, you lose just the freebet balance
   * ✅ If your bet **wins**, you receive the **net profit**, and your **freebet amount is returned** to your balance to use again.

{% hint style="info" %}
Conditional free bets are available solely to new Overtime users. \
(eg. Drive $25 in volume for a $25 free bet)
{% endhint %}


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