What is a Risk-Free Bet?
A risk-free bet is when you place a bet at a sportsbook, and if you lose, you get your money back, usually in the form of a bonus amount equal to that of the bet placed. Many sportsbooks offer risk-free bets on your initial bet up to a certain amount. They’re an excellent way for beginners to get into betting without much, you guessed it, risk.
How do you place a risk-free bet? Simply place a wager on a spread, total, etc., and then click the risk-free betting option if the site offers it. What advantages can you expect? You can either increase your bankroll by winning the bet or get the bet back in bonus money that you can use to place additional bets on the site. What sites offer risk-free bets? Read on to find out.
Let’s begin by looking at the sportsbook sites that offer risk-free bets.
Sites that offer a risk-free bet include BetAmerica, Caesars Casino and Sportsbook, DraftKings Sportsbook, FanDuel Sportsbook, FoxBet, Golden Nugget, Parx, and William Hill.
Currently, no sites offer a risk-free bet where you get your cash back, but instead, you receive bonus cash up to a certain amount of what you wagered. And no sites currently have a free bet for the Grand National.
The sportsbook usually offers a risk-free bet when you place your first bet on the site. Then, the site will match the bet up to a certain amount if you lose, and you get the money back in the form of bonus cash.
Caesars Casino and Sportsbook is the only site that offers a free $10 risk-free bet with no deposit necessary for all new accounts.
The best strategy is to go to one of the sportsbooks mentioned above and place a bet you are comfortable making up to what they match. Then, sit back and enjoy the game. Although it’s not cashback, you still receive bonus money even if you lose the bet!
Parx, DraftKings Sportsbook, FanDuel Sportsbook, Fox Bet, and William Hill all offer a $500 or more risk-free bet.
Here’s how some of the sites handle risk-free bets:
Bet365, Borgata, PointsBet, BetRivers, and SugarHouse do not offer risk-free bets.
888Sports does not offer a risk-free bet. However, you receive three $10 bets in bonus for placing your first $10 bet.
BetAmerica offers a 100% match bonus of up to $50 on your first sports bet on the site.
BetMGM offers a $20 in-play free bet when you bet the minimum of $50 on an in-play NFL game.
Caesars Casino and Sportsbook offers $10 in risk-free bets on all new accounts with no deposit required.
DraftKings Sportsbook offers new customers a risk-free bet up to $500 on the first bet.
FanDuel Sportsbook offers new customers a risk-free $1000 bet on the first bet placed on the site.
FoxBet offers a $500 risk-free bet on the first bet made by new members on the site.
Golden Nugget offers a risk-free $100 risk-free bet on the first bet made by new accounts on the site.
Unibet offers $5 in free bets every Sunday in the NFL when you bet $10 on a pre-game NFL bet on Thursday all season long in the NFL.
William Hill offers up to $500 in a free bet on the first digital deposit made on the site.
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