Hey sports betting fans: Want to put your money where your mouth is, but don’t want to lose your first time out? If you’re in Iowa or Colorado, we have good news: Elite Sportsbook is currently offering up to a $500 risk-free bet to first-time depositors.
Follow us below the fold, and we’ll show you how this works.
How Does This Promo Work?
Start by creating an account on Elite Sportsbook. So long as you have all your information in front of you, this step won’t take longer than ten minutes. Next, go over to the cashier and make your first deposit on Elite Sportsbook.
Lastly, make your first sports bet on Elite. Now, if you win, great – you’ll collect your winnings as normal. But if you lose, no worries – Elite will ship back your stake as a free bet.
Terms & Conditions
Now, that’s a cool way to start your time on a sportsbook. But as always, there are terms and conditions to be aware of:
- In this promo, Elite Sportsbook pays back lost wagers as free bets. As such, you cannot withdraw this sum right away – you must use your free bet. If you win, you may withdraw your profit immediately (Elite will keep the stake).
- You must use your free bet within seven days. If you do not, Elite Sportsbook will claw back any remaining amounts.
- Players may only use their free bet on markets with odds equal to/better than +300.
- In this promo, Elite Sportsbook caps free bet profits at $500.
- This offer is only valid in Iowa and Colorado.