‘As free bets’ refers to when a bookmaker gives you a refund in the form of free bet credits. It’s quite common for bookies to offer refunds if one leg of your accumulator lets you down. In this case, your stake money will be refunded as a free bet and you may need to complete a rollover before you can withdraw it. Risk-free bets are also usually refunded as free bet credits. A risk-free bet means that even if your selection loses, your stake is refunded into your account to be used again as a free bet.