Site credit plays the same as cash, so you can bet any denomination you want, and you will win the stake plus the profit as opposed to free bets that only pay profit. When you bet on a site that refunds in site credit, you will receive site credit. Simply put, it depends on which site you are betting on and how they refund the bets. Do you get your stake back on a free bet?
But that shouldn’t be a problem! You’ll get $500 back in the form of site credit that plays the same as cash, but needs to be wagered 1x through in order to convert the credit to cash.īe sure to read through any terms and conditions to ensure you receive your welcome offer! For Caesars’ current offer, new users must make a minimum deposit of $10 to qualify. Congratulations! You just netted $454.50, and your account will show that plus your original $500 wager, for a total of $954.50.īut … if the Cowboys meander around for three hours and escape with a 24-21 win on a last second field goal and don’t cover, then you lost your $500. So let’s say you take the Cowboys -6.5 points at home at -110. You sign up for an account, make a deposit, and now on your first bet you can bet whatever you like with the knowledge any amount up to $1500 will be credited back to you - in the form of site credit - should you lose. FanDuel is currently offering a risk-free bet up $1500 welcome for new users. Let’s use Caesars Sportsbook as an example. We’ll get to those later.) FanDuel’s No Sweat First Bet Offer (There are, of course, varying terms and conditions. Risk free bets come in all different amounts, usually ranging from around $100 all the way up to a massive $10,000.
The amount of the free bet(s) will (usually) be equivalent to the amount of your first wager at the sportsbook. Place a bet and lose? The sportsbook will give you your money back in the form of site credit, or a “ free bet”, or “ bonus cash” to be used for wagers at the sportsbook. Basically, they are first-time sportsbook bonus offers to give to new customers. In fact, they are the most popular welcome bonus offer in the US market.
Many online sportsbooks offer so-called risk-free bets as sign-up promotions.
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