So now youve registered with the bookmaker(s), deposited your cash and got your free bet, whats the best way to use it? There are a multitude of options but it really depends on what youre looking to get from the wager and how much risk you are prepared to take.

Soccer bets are often a good option. Saturday does normally give you a full fixture list to choose from. My advice is to look for a team with solid home form around the even money mark. It pays to take on teams with big reputations playing away from home where form is often overlooked by the odds compliers.

Fancy your chances with the ggs? The daily race fixtures offer plenty of fodder. Have a look at some of the online horse racing forums such as www.expertbettingadvice.co.uk or www.punterslounge.com for tips and advice in this area. An each way bet on a horse with odds of 5/1 or bigger will mean you can secure your stake money with a place or make a tidy profit with a winner.

If sports betting is more your thing, why not have a look at a handicap bet on the NFL? There are normally televised games on Sunday and Monday nights on Sky Sports if you like to watch your money disappear before your eyes! In all seriousness though, these games do have a lot of twists and turns and can change dramatically in minutes so dont panic too much if things arent going your way early on.

Just remember to take time when making your selection, research your choice thoroughly and dont be afraid to leave a bet alone if youre unsure. Like anything in life, the more effort you put in, the bigger the reward.

Happy Punting.

Jamie Currie runs a free bets website and a horse racing tips website.