A “risk-free” bet comes in different formats, and are offered by most online bookmakers around the world. Despite the generic term “risk-free” bet, some are better than others, and this usually comes down to how a losing wager will be refunded.
Let this article be your guide to navigating through how risk-free bets can differ at online sportsbooks, which are the best and how to tell which is best for you.
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Many online bookmakers offer so-called risk-free bets as welcome offer or reload promo’s. In fact, they are the most popular sign up bonus offer in Europa, Asia, Africa, Latin America, Canada, Australia, New Zealand and US markets. Basically, they are first-time sports bonus offers to offer to new players. Place a bet and win it, well done. You won. The end. Place a bet and lose? The bookmaker or casino will give you cash back bonus in the form of site credit, or a “free bet”, or “bonus cash” to be used for bets or play casino at the sportsbook/casino. The amount of the free bet(s) will (usually) be equivalent to the amount of your first bet you placed at the bookmaker.
Risk free bets come in all type amounts, usually ranging from around $/€5 all the way up to a huge $/€10,000. (There are, of course, different terms and conditions. We’ll speak about those later.)
We got Betzest Sportsbook as an example. Betzest has offered many promo’s to new players.
It’s simple. You sign up for an account, and then take advantage of many daily promo’s that offer drops & wins to players.
So let’s say you deposit and bet in football games or play casino or live casino, then you will get daily mailers from Betzest with all new promo’s that you can take advantage every day.
But if you like to bet and play different games then you are at the right place, because you can find best odds on any sports and over 2000 Casino games to play.
As we know free bets and risk-free bets are similar, they do have some important differences. For example, in order to claim a risk-free bet, the player must first put up the bet with their own real money. If that bet loses, then they will receive the bonus. As for free bets, the online bookmaker gives customers free money to bet, meaning, players don’t even need to make a real deposit in the first place.
Another key difference is that some free bets are wager free and players can cashout without needed to wager.
However, might be a max cashout of $/€100 for example.
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