What is Pools Betting?
Can free bets be used for pools betting?
Yes, they can if you are betting on a betting site. As long as your free bets are valid on the site, then you can go ahead and place them as a pools bet. Free bets come in many forms. You can get free bets credited to your account after you sign up. This is known as the welcome bonus. You can also be given a free bet after your first bet settlement or after you place your first cash bet. The only difference between free bets and cash bets is that most free bets will be subjected to regulation and may also be subject to wagering requirements.
Is pools betting in the UK legal?
Yes. Gambling in the United Kingdom is legal and it is regulated in Great Britain and the rest of the United Kingdom by the UK Gambling Commission. This means that all forms of gambling and betting, including sports betting or horse racing betting are regulated and you can participate in it legally. For your own safety, make sure that the pools betting site you choose is registered with the UGC. In addition to it being legal, gambling in the UK is also tax-free. This means that all your winnings from any bet settlement made while pools betting on registered pools betting site is not going to be subject to income tax. The rules may be different from an unregulated office pool betting event.
How to withdraw your pools winnings?
Withdrawing your pools winnings is the same process as withdrawing winnings from any other sports betting site or betting shop. Just present your bet ticket for your qualifying bet and either get cash, if you betting with a betting shop, or have the money credited to your account number if you are betting via a betting site. A betting shop can also credit your money into a bank account or third-party payment methods of your choosing. Keep in mind, that verification of these accounts may be necessary. Some sites and shops take longer with the verification process than others. If you have not set up your betting account yet, do it as quickly as you can to avoid any delays with the withdrawals of your qualifying bet settlements.