It’s crucial to note that most sites issue refunds as site credit, not cash however, this depends on the sportsbook. However, should you lose, you have this bonus as your backup, which you can use to bet again. If you win that first wager, you don’t get the bonus, and you can carry on with business as usual.

In short, if you suffer a loss on your very first bet after signing up on a site with this offer, the stake used to place that bet will be refunded up to an amount stated by the sportsbook.īettors can then use this compensated amount to place another bet.Įssentially, the risk-free element is that you have a ‘plan B’ in case that first wager loses. Risk-free bets may sound complicated to first-time bettors, but they are extremely easy to understand. To ensure that you’re able to do so, this guide will take you through all the important things you need to note regarding risk-free bets. Since there’s a high likelihood that you’ll interact with this bonus, you should familiarize yourself with the ins and outs of a risk-free bet if you wish to make the most of this type of promotion.

Risk-free bets are so common that they’ve become the default welcome bonus for many sportsbooks, while other books still use it for ongoing promos. Risk-free bets offer a unique, intriguing proposition to bettors.Īs the name suggests, this bonus seeks to strip away any associated risk, at least for one bet, which is why many bettors find this bonus appealing.

500 risk free bet