Is there really such a thing as a ‘risk free’ bet?
Sports are as popular now as they have ever been, regardless of the form they take. This can be seen in the vibrant nature of sports broadcasting on TV and radio for example. Of course, sports themselves are also in a great place right now. From football to soccer, basketball, hockey, baseball and beyond, people seem to have a growing appetite for catching the latest games or learning about the latest news.
Recent years have also led to sports betting take off in many countries. This is certainly true throughout the US, where many states have chosen to fully legalize wagering on sports after the 2018 US Supreme Court ruling on PASPA. But why has sports betting become so popular? Many people simply enjoy it and gain great satisfaction from betting. Placing wagers can also add more excitement to games which helps you to feel more involved in the action.
There is no doubt that the increasing number of secure online sportsbooks to bet at has also helped make it more accessible. As this review of the BetMGM sportsbook shows, modern sports betting sites are not only easy to use but are safe to bet at and offer lots of markets to choose from. If you like to wager on sports at platforms like these, you might have heard people talk about ‘risk free’ bets.
But do they actually exist?
Sure things in sports betting – are they ‘risk free’?
The truth is that ‘risk free’ bets DO exist in sports betting – but maybe not in the way most people imagine. The first thing to understand is that ‘risk free’ bets do not have anything to do with backing heavy favorites who are ‘sure’ to win. While this might sound sensible and risk free, it is not.
Sports betting can often have unexpected results and shocking outcomes – Wimbledon’s victory in the 1988 soccer FA Cup Final is a case in point. With this in mind, there is just no such thing as a ‘sure’ bet which has no risk attached at all.
But what are the real no-risk bets? With more people than ever beginning to bet on sports — as New York’s growing sports betting market shows, this is worth clarifying.
Betting bonuses are the real deal
The main takeaway is that betting bonuses offered by online sportsbooks are the route to true, ‘risk free’ bets.
But how does this work? To begin with, you have to look at the welcome bonus offers most online sportsbooks provide to new customers. Some sportsbooks will offer ‘risk free’ promotions which essentially refund your first bet if it loses (up to a certain amount). Once you create an account, deposit cash and place a bet, this offer is activated should you lose. As your losing stake is refunded, there is literally no risk attached. One thing to remember though is that many online sportsbooks will refund your stake as free bets, rather than actual money.
How else do online sportsbooks make ‘risk free’ bets reality?
Promotions for new customers often include a deposit bonus, which is also a ticket to betting without any risk as well. This is especially true if you can find a promo code which enables you to access a no deposit bonus offer. With this type of offer the sportsbook gives you free money to bet with — without putting any of your own down first, so you can bet without any risk to your own finances at all.
In addition to this, you can also access ‘risk free’ bets with a standard matched deposit bonus offer for new players. Although you do have to put some of your own money down first with this offer, the sportsbook will then match this amount from their own pocket. This means you get extra free money to bet with and can enjoy using this for wagering without any risk.
‘Risk free’ bets are available in sports betting
As the above shows, ‘risk free’ bets are a reality in sports betting and are not hard to find. A quick search online will provide a listing of numerous sportsbooks running offers for new players which enable you to do this. In addition, many online bookies will also run regular promotions for current customers, which can provide you with continued exposure to betting with no risk. This might be in the form of refunding losing bets on certain events or just giving you a free bet to use on special occasions. As sports betting becomes more popular around the world, knowing the finer details of it is wise if you plan to get involved. Hopefully the above will help you understand how ‘risk free’ bets work and how you can use them.
