For example, popular apps such as DraftKings and FanDuel have dished out $200 in free bets. A free bet usually comes in the form of site credit and you can use it to place a bet with no strings attached.Ī few rules usually apply but most can be used on any sport for bets like moneylines, spreads, totals, and more.

No Deposit-Free Betsįree bets are one of the most common and best sportsbook offers dished out to new users. Some of the best offers include free bets, deposit matches, and deposit bonuses. Let’s take a look at some of the other promotional offers compared to a risk-free bet. Sportsbooks have many different bonuses and sign-up bonuses to encourage users to begin sports betting. For your second bet, you would be on your own. This only applies to the first wager you make. In a standard risk-free bet, you will be receiving site credit up to a certain amount if your first bet doesn’t win.Īnother way to look it at is you lose and the book will refund your bet. It’s different terminology for the same thing. You might see this type of bet listed as a second-chance bet or a “no sweat” first bet. If your first bet wins, you aren’t eligible for the risk-free bet. Because you lost, BetMGM will credit your account $500. This is where the sportsbook bonus kicks in.

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