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Risk Free Bets Offers 🎖️ Bet $1 Get $200

All legal online sportsbooks in the USA give out welcome offers to new sports bettors. Free bet no deposit is the best type of welcome offer – free. You will always get a regular deposit bonus from a sports betting site on top of your free wager. When you are betting online, make sure you get the maximum bonus when starting out with online gambling. We will show you how.

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⭐ What Are Risk Free Bets

Risk free bets are sports betting promotions where your first bet is insured. This means that if you lose your first bet, the sportsbook will return your stake in the form of free bet or site credit. You then need to wager through the site credit or free bet bonus, before you can withdraw your winnings. Usually, the wagering requirements for risk free bet offers are only 1x.

⭐ Risk Free Bet Bonus Offers in America

The competition in the US online casinos market is so hard, that online sportsbooks offer ridiculous offers to new customers. Of the risk free betting sites, Unibet and BetMGM only require a 1x wagering requirement on the risk-free bet, before you can withdraw winnings.

Sportsbook Risk Free Bet Compensated as Wagering Requirement
BetMGM $1,000 5x Free Bet 1x
FanDuel $1,000 Site Credit 1x
FOX Bet $500 Site Credit 1x
Hard Rock Sportsbook $100 Cash None
PointsBet $500 + 1,500 (pointsbetting) Free Bets 1x
Unibet $250/$500 Cash 1x
WynnBET $1,000 Free Bet 1x
Tipico $750 Bonus Funds 1x

1. PointsBet Risk Free Bets – $2,000

PointsBet is unique among sports betting sites, because the risk free bet promotion contains two risk free bets. The smaller one ($500 risk free bet) can be used for traditional wagering. The bigger risk free offer ($1,500) must be used on their unique pointsbetting style of of wagering.

2. Caesars Sportsbook First Bet Risk Free – $1,500

The Caesars offer functions exactly like all other risk free bet bonuses on this list. Make your first deposit, place a bet and if your bet wins, you’ll receive both the stake and the win. If you lose, you’ll be refunded with a free bet. Use bonus code FINDER15.

3. BetMGM Sportsbook Risk Free Bet – $1,000

BetMGM Sportsbook risk free bet offer ($1,000 risk free bet) is one of the more upscale offers in the US. You can bet up to $1,000 with your own money, and the “King of Sportsbooks” will refund you with a free bet if your first bet loses. Winning bets are paid out normally. Use bonus code BONUSMGM to claim this great bonus.

4. FanDuel Risk Free Bet – $1,000

The biggest sportsbook in the US gives new players a $1,000 risk free bet. It’s among the biggest risk free bet promos in America and it comes with a twist. Instead of the usual free bet tokens, you get compensated in the form of site credit. This means that you can plan the bets with bonus money more thoroughly than at other sportsbooks, making FanDuel’s offer one of the best risk free bets.

5. Tipico Risk Free Bet – $750

Tipico Sportsbook is only available in NJ online sports betting. Their risk free bet promotion is one of the best risk free betting offers in the Garden State. Like FanDuel, Tipico will also reward players whose first bet loses with site credit.

6. Fox Bet – $500 Risk Free Bet

Fox Bet is one of the smaller operators in America, but they still have a decent first deposit risk free offer. You can get up to $500 for risk free betting when you register a new account.

7. Unibet Risk Free Bet – $250

Unibet Sportsbook risk free first bet is available in multiple states across America. You can gain up to $250 risk free, and bet on almost every sport with the international sports betting giant.

⭐ Risk Free Betting Tips

A risk free bet means that your wager is returned to you in the form of free cash bet or a bonus bet. These bonus bets always have a wagering requirement so there are few ways to maximize your risk free bet strategy. Note that some of these tips are mutually exclusive, meaning you can’t employ both of them.

Hedging Bets

Hedging bets at competing sportsbooks is a popular strategy among bonus hunters. Basically this means that you place a hedge bet against your risk free bet on another sportsbook in a manner that one of the picks wins. You then either withdraw your winnings or keep playing with your free bet bonus.

Remember to check the Terms & Conditions of the bonus before employing this method. Betting is never completely risk free. If you choose a free money offer with more than 1x wagering, this strategy is no longer viable

Line Hopping

This method requires some research. However, sportsbooks often have contrasting lines on smaller games and sports. It is possible that you could find a +110 line for both sides of a given event from different sportsbooks. Then just claim the risk free bet offers from both sportsbooks and bet them on the opposite sides of the line. You’ll end up with a net profit + a free bet offer or site credit.

Parlay Bets*

*This method should only be used by profitable bettors to avoid big losses.

If you are a bettor who has more than a 50% success rate with straight bets, you might want to consider placing a 3-4 leg parlay or same game parlay with your risk free bet for a big pay day. You should only do so with a site like FanDuel that gives you site credit and not free sports bets. If you are profitable bettor, you can make your own money back over time with the site credits even if your risky parlay loses.

⭐ First Bet Insurance

A bet insurance is another name for a risk free bet. Even though most operators talk about risk free bets, it’s up to the betting app to choose what name they use. If you run into a bet insurance promotion when you bet online, make no mistake. The offer works exactly like a risk free bet: you can get your first cash bet back in bonus money but your initial stake is not returned to you as withdrawable cash.

⭐ Bet $1 Win $200

Bet365 Bonus Code NJ gives you a super offer. Bet $1 and win $200 if your first sports wager wins. The odds for your first bet are required to be greater than -500, and you need to wager through your bet credits 1 time.

🎁 Bet365 Sportsbook Bonus Bet $1 Win $200
💰 Paid As Free Bet Credits
📜 Wagering Requirement 1x
🖊️ Bet365 Bonus Code BONUSFINDER
💵 Minimum Deposit $10

⭐ Bet $10 Win $200

While it’s not quite a free bet offer as you need to deposit $20 to claim it, WynnBET Sportbook special promotion of bet $10 for a straight bet and win $200 is the easiest money in US Sports Betting right now. Place your first wager of $10 or more wager on any moneyline, over/under or spread bet with odds of -120 or greater and you will be credited with $200 in free bets if your bet is a winner.

🎁 WynnBET Sportsbook Bonus Bet $10 Win $200
💰 Paid As Free Bets
📜 Wagering Requirement 1x
🖊️ WynnBET Bonus Code N/A
💵 Minimum Deposit $20

⭐ Bet $20 Get $100

Borgata promo code for sports betting gives you bet $20 get $100 welcome bonus. It doesn’t matter if your first bet loses or wins, because you will still receive the $100 in free bets from Borgata. The free bets are broken down into increments of $10, so you will receive 10 x $10 free bets after making your first bet of at least $20.

🎁 Borgata Sportsbook Bonus Bet $20 Win $100
💰 Paid As Free Bets
📜 Wagering Requirement 1x
🖊️ Borgata Bonus Code BONUSBORGATA
💵 Minimum Deposit $20

⭐ What Are No Deposit Free Bet Bonus Offers

Free Bet Offers USA

Sports bettors get a great betting bonus from the Caesars app! No sportsbook promo code needed.

Open a player account on any online betting sites, and you will receive a welcome bonus from the sportsbook. Free bets are what the packaging says. You get a free wager to place on a sporting event, and you get your winnings in real money, as simple as that.

⭐ Free Bets No Deposit 2022

It’s rare that you get an sportsbook free bet with no deposit, but these online sportsbooks do exist. Here at Bonusfinder, we’ve listed the best no deposit free bet bonuses for your benefit.

Sportsbook No Deposit Free Bet Matched Free Bet
Barstool Sportsbook $10 N/A
Betfred N/A $500 (IA, CO)
Golden Nugget N/A $250
Borgata Sportsbook N/A $100 (with $20 deposit)

⭐ No Deposit Bonus Free Bets for Existing Customers

Most of these offers are for new customers, but online sportsbooks sometimes give free bets for existing customers as well. These offers are towards a major sporting event or apply only to selected games.

  • Start of the Premier League
  • Champions League final
  • March Madness
  • Super Bowl
  • World Series
  • Stanley Cup finals
  • NBA Playoffs
  • UFC Championships
  • PGA Masters

⭐ Deposit Bonuses for Sports Betting

A regular sign up bonus can be considered as a free bet. These ‘deposit free bets’ are, in general, bigger than the normal free offers. Your first deposit is matched by the sportsbook, so you get double the amount to play with. Online betting sites offer reload bonuses to existing customers too.

Sportsbook Bonus Amount Wagering
Action247 100% Up to $400 N/A
BetRivers 100% Up to $250 1x
DraftKings 20% Up to $1,000 25x
PlayUp 100% Up to $750 10x
MaximBet 100% Up to $1,000 1x

Deposit Bonus Offers Explained

You have to read the terms carefully, as always, but this is especially the case with deposit bonuses. Here are the key things to consider when selecting your new customer free bets:

Wagering requirements

Wagering or rollover requirement means that how many times the bonus amount you need to wager with qualifying bets. This means that some promotions have terms defining the minimum odds to count as a qualified bet. Only qualifying bets to contribute towards the rollover requirements. Before you have met the requirements, your accoung balance will have withdrawal restrictions.

Minimum deposit

Minimum deposit (deposit min) defines the amount you need to deposit in order to receive the bonus. When you have made a qualifying deposit and bonus will be added to your player account.

Bonuses expire

There is always a time frame when the bonus is valid. You have to claim your offer before it expires and make enough of matched bets towards the rollover requirement. Usually, these bonuses have from few to 30 days expiry time. This also highlights the importance of checking the offer terms when you evaluate different sportsbook bonuses. It’s worth noting, that the bonus is fulfilled only after your last bet expires, not when you place it.

Qualifying Wagers

Always read the fine print. Deposit match bonuses might have strict terms on what you can and can not bet. For example bonus bets on player props might not be allowed. This is same for every risk free offer, free bet, and a deposit match.

⭐ How to get Most out of your Bonus

Online sports betting is a risky business, but it can be profitable if you know the tricks of the trade and closely follow sports. By maximizing your bonus money, you can get off to a good start.

  1. Choose multiple offers: If you want to get most bang for your buck, you take advantage of multiple welcome bonus offers.
  2. Look for low wagering: By placing cautious bets with offers that have low wagering requirements, you can easily double your bankroll before you move on to more risky bets.
  3. Take care of your betting bankroll: We fully support responsible gambling, and even though we want you to win cash, we want you to manage your bankroll even more.
  4. Hit that big parlay: If you are an experienced sports bettor, you already know your way around straight bets. Bonus offers are therefore free money on top of your existing bets. By using them to hit that elusive big parlay costs you nothing, but you might really win big. Anyway, your losing wager is returned to you in site credit.

Last updated: 06/02/2022

FAQ

1️⃣ What are free bets no deposit offers?

Free bets are bets that an online betting site gives either on sign-up or when you've been their customer for some time. Typically an online sportsbook matches your wager with a completely free bet of the same size. The stake is pre-determined.

2️⃣ What are risk free bets?

Risk free bets save you from losing your bet altogether. When an online sportsbook offers a risk-free bet, you'll get refunded if you miss your bet. To gain the best value, you should sign up & deposit at as many online betting sites as possible.

3️⃣ Is risk-free bet the same as a free bet?

It's not. When you get a risk-free bet, you'll need to deposit and bet first. If your bet doesn't hit, you'll get your stake refunded, and you can bet again. With your free bet, you can bet for free. These offers are often much smaller than risk-free bets.

4️⃣ Do I need bonus codes for my bonus bet?

Some risk free bet offers require you to insert a bonus code. However, we always list the required bonus code next to the bonus of your choice, so you'll always know if you need a bonus code.

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