Risk Free Bets

Find the best risk-free bets from online betting sites at Bookiesbonuses.com.

Risk Free Bet Offers

When you register with a new betting site, you will more often than not be able to claim a lucrative welcome bonus. The majority of sportsbooks in the US have a risk-free bet as their sign-up offer, which is a hugely popular and potentially lucrative type of bonus.

On this page, you'll be able to choose from a range of risk-free bet offers and claim those that are available in your state. If you're unsure about what they are and how they can be claimed, you can learn everything you need to know by reading on.

Risk Free Bets List

Rank Bonus Turnover Min odds 
1

2 Risk Free Bets up to $2000

Turnover: 1x bonus amount

Lowest odds: -200 (1.50)

Claim Go to website

CO/IL/IN/IA/MI/NJ/WV only.

2

$500 Risk Free Bet

Turnover: No requirements

Lowest odds: None

Claim Go to website

CO/NJ/PA/VA only.

3

$500 Risk Free Bet

Turnover: 1x bonus amount

Lowest odds: None

Claim Go to website

NJ only.

4

$1000 Risk Free Bet

Turnover: 1x bonus amount

Lowest odds: None

Claim Go to website

CO/IL/IN/IA/MI/NJ/PA/TN/VA/WV only.

5

$1000 Risk Free Bet

Turnover: 1x bonus amount

Lowest odds: None

Claim Go to website

CO/IN/IA/MI/NV/NJ/PA/TN/VA/WA/WV only.

6

$5000 Risk Free Bet

Turnover: 1x bonus amount

Lowest odds: None

Claim Go to website

CO/DC/IN/IA/MI/NJ/TN/VA/WV only. IL max Risk Free bet is $300. NV bonus is Bet $50, Get $50.

7

$10 Free & $1000 Risk Free Bet

Turnover: 1x bonus amount

Lowest odds: -200 (1.50)

Claim Go to website

IL/IN/MI/PA only.

Risk Free Bets From Online Betting Sites

Risk-free bets are one of the types of betting bonuses offered by online sportsbooks as a welcome package. Comfortably the most common type of sign up offer on the market, risk-free bets are widely available to new customers with betting sites in the US.

There are also risk-free bet offers for existing players at some sportsbooks, but the lucrative bonuses in our lists (those upwards of $300+) are all for new players only.

With risk-free bets, you do need to place an initial qualifying wager with your own money. It is important that you understand that so that you can manage expectations in terms of what you expect to receive.

If you lose your qualifying bet, you'll get your stake returned to you as a free bet.
Best Free Bet Offers

There are some terms and conditions to look out for on each risk-free bet offer, and we break all of that down for you on this page. Once you've absorbed that information, you can make an educated decision as to which risk-free bet(s) you want to claim.

Frequently asked questions about risk free bets

On this page, you will learn all about risk-free bet offers and you'll be able to claim some of the best sports betting bonuses. Below are some of the most common questions we get about them.

What is a risk-free bet?

A risk-free bet is a type of sports betting bonus offered by online sportsbooks. Essentially, when your bet is 'risk-free', it means that if you lose your bet, you'll get a second chance via a free bet matching your qualifying bet stake.

Which betting sites offer risk-free bets?

The below sportsbooks have risk-free bets as their welcome offers.

How do risk-free bets work?

Risk-free bets work in the following way:

  • You claim or opt into the risk-free bet offer.
  • Place a qualifying bet.
  • If you win, you get your winnings and move on.
  • If you lose, you get your stake back - usually as a free bet.
  • You place a wager with your free bet
  • If you win with your free bet, collect your winnings (stake not returned)
  • If you lose your free bet, that is the end of the offer.

Are risk-free bet offers for new customers only?

Not always, but for the most part, yes. The offers you'll see in the bonus lists on this page are for new customers, but it's not uncommon for certain sportsbooks to provide some smaller risk-free bet offers to existing players too.

How do I find the best risk-free bet offers?

You can find a list of the best risk-free bet offers on this page. We only list the top bonuses from safe, secure, and reliable betting sites, so you can rest assured that they are totally legit.

To determine the best risk-free bets for you, look at the following terms on each offer:

  • Risk-free bet amount
  • Minimum odds
  • Wagering requirements

While the best new customer risk-free bets are all on this page, you can also find some good promotions for existing players by regularly checking your chosen sportsbook(s) and specifically their Promotions or Offers tabs.

What's the difference between risk-free bets & free bets?

A risk-free bet requires you to place an initial bet, and you only get a free bet if you lose that bet. A free bet, on the other hand, is a credit that is given to you by a sportsbook for you to place a wager with. You probably still have to place an initial bet in order to get the free bet, though.

Is there really no risk with risk-free bets?

Technically, there is still risk attached, unless you get your money back as cash on your qualifying bet, which is rare. There is still a risk with most risk-free bets because if you lose both your qualifying bet and your free bet, then you have risked and ultimately lost money.

Are risk-free bet credits given as a lump sum or in chunks?

It depends on the offer. Some require you to place one big wager with your free bet return, whereas others allow you to place a succession of smaller bets.

Best Risk-Free Bet Offers

Online betting is constantly growing in the United States, with more operators entering the market every year. 

That's a great thing for bettors because with more competition amongst sportsbooks, they are all going the extra mile to entice players to play with them, and one of the main ways they seem to be doing that is by offering large risk-free bet offers.

A good sign-up offer is key in terms of getting people through the door, and risk-free bets are the most common type of bonus that operators are running with.

Risk-free bets are a great way to try out a new sportsbook and potentially get excellent value.

There are a number of factors to look out for when deciding which risk-free bet offers you want to claim. 

Of course, you want the sportsbook to actually be high in quality, but as far as the offer is concerned, you want high value, no wagering requirements, simple terms and conditions, and as much flexibility as possible when it comes to payment methods, eligible markets, and how you can divide up and use your free bet credits.

Risk Free Bet Sign Up Offers

  1. 2 Risk Free Bets up to $2000

    CO/IL/IN/IA/MI/NJ/WV only.

  2. $500 Risk Free Bet

    CO/NJ/PA/VA only.

  3. $500 Risk Free Bet

    NJ only.

  4. $1000 Risk Free Bet

    CO/IL/IN/IA/MI/NJ/PA/TN/VA/WV only.

  5. $1000 Risk Free Bet

    CO/IN/IA/MI/NV/NJ/PA/TN/VA/WA/WV only.

  6. $5000 Risk Free Bet

    CO/DC/IN/IA/MI/NJ/TN/VA/WV only. IL max Risk Free bet is $300. NV bonus is Bet $50, Get $50.

  7. $10 Free & $1000 Risk Free Bet

    IL/IN/MI/PA only.

How Risk-Free Bets Work

Risk free bets can be broken down into two main parts, one of which is guaranteed, and the other is dependent on the outcome of the first part.

Risk- Free Bet - Part 1

  • You need to place a qualifying bet. The size of your stake should depend on the amount specified in the offer you are claiming.
  • If it is a $500 risk-free bet offer, then you can stake up to $500 with your qualifying bet in the knowledge that you will have your full stake returned (usually as a free bet) if you lose.

If you win your bet - Congratulations! Collect your winnings along with your initial stake. You do not move onto part 2 as you will not get a free bet refund.

If you lose your bet - Move on to part 2, where you will get a second chance to win a bet.

Risk- Free Bet - Part 2

  • After losing your initial wager, you are now entitled to receive a refund (likely in the form of a free bet).
  • Depending on the operator/offer, you will either be credited with one free bet that you have to wager in a lump sum or a series of free bets that you can use across various markets.
  • You can use these free bet credits in an attempt to turn them into cash by placing winning wagers.

If you win your free bet - Congratulations! Collect your winnings but the free bet stake is not returned. Your balance is now withdrawable unless there are wagering requirements on the winnings (which is rare with this type of offer).

If you lose your bet - Unfortunately, that's your lot. You will receive no further bet credits as part of the offer.

Top Risk-Free Bet Offer

PointsBet Risk-Free Bet

2 Risk Free Bets up to $2000

One of the top risk-free bet offers in terms of total value is that of PointsBet. One of the best overall betting sites in the US thanks to their variety of bet types, PointsBet has gone with a highly lucrative welcome offer for new customers in the form of risk-free bets.

Claim $2000 offer

CO/IL/IN/IA/MI/NJ/WV only.


Are They Actually Risk-Free?

The term 'risk-free bet' is completely accurate if the sportsbook gives you your refund as cash when you lose your first bet. If the refund comes as a free bet instead, then the 'risk-free' phrasing is more questionable.

There is no such thing as a guaranteed winning single bet, so there is of course the risk that you lose both your qualifying bet and your free bet. With that in mind, it's more of a reduced-risk bet than a risk-free bet, in many ways.

You can consider risk-free bets as more like insured bets. 

Regular free bets, on the other hand, are completely risk-free, as you are not staking any of your own money. You do usually need to place a real money wager in order to get a free bet, but the free bet itself is risk-free.

So, technically, part two of any risk-free bet offer, where you use a free bet credit, is the part that is without risk. But the offer as a whole is not risk-free because you need to deposit money with your qualifying wager that could ultimately be lost.

Claim a risk-free bet

Unibet Risk-Free Bet

$500 Risk Free Bet

The Unibet risk-free bet is completely risk-free if you are in New Jersey, because your qualifying bet stake is returned as withdrawable cash if you lose your first bet in NJ. In other states, you get your stake back as a free bet, which is in line with the other US operators offering this type of sports betting bonus.


Existing Customer Risk-Free Bets

Most of the risk-free bet offers that you'll see advertised on Bookies Bonuses or elsewhere will be for new customers. The welcome offers are always the most valuable and are promoted the heaviest because they are the most enticing and also the most important for the operators because they help bring new customers on board.

But in the long run, existing customer offers are equally, if not more important to users. They allow you to get value constantly in small bursts, and you often don't have to commit to a large initial bet in order to claim them.

Points Bet risk free bet existing customer

You will be able to find risk-free bet offers even if you are already registered as a customer.

If you are able to claim a $25 risk-free bet every week, it would take you 20 weeks to reach the $500 mark which is the amount offered with many risk-free bet welcome offers.

A wide range of other types of existing customer offers are available to users across the top US betting sites, with some examples being standard free bets, parlay insurance, enhanced odds, parlay boosts, and more.

Sportsbook with existing customer offers

Caesars Sportsbook

$5000 Risk Free Bet

Caesars Sportsbook - formerly William Hill - has not only a world-class welcome offer, but a huge selection of promotions for already-registered players. We update Bookies Bonuses with the best of these promos on a regular basis, but we also recommend checking the sportsbook for yourself, as their promotions section is filled with new deals all of the time.

Claim $5000 offer

CO/DC/IN/IA/MI/NJ/TN/VA/WV only. IL max Risk Free bet is $300. NV bonus is Bet $50, Get $50.


How to Claim a Risk-Free Bet

Claiming a risk-free bet might be the very first interaction you have with a betting site. The process is straightforward as long as you understand the terms and what is required.

Step One - Select your risk-free bet

Choose a risk-free bet sign up offer from the below list. Make sure it is available and valid in your state.

Risk-free bets

  1. 2 Risk Free Bets up to $2000

    CO/IL/IN/IA/MI/NJ/WV only.

  2. $500 Risk Free Bet

    CO/NJ/PA/VA only.

  3. $500 Risk Free Bet

    NJ only.

  4. $1000 Risk Free Bet

    CO/IL/IN/IA/MI/NJ/PA/TN/VA/WV only.

  5. $1000 Risk Free Bet

    CO/IN/IA/MI/NV/NJ/PA/TN/VA/WA/WV only.

  6. $5000 Risk Free Bet

    CO/DC/IN/IA/MI/NJ/TN/VA/WV only. IL max Risk Free bet is $300. NV bonus is Bet $50, Get $50.

  7. $10 Free & $1000 Risk Free Bet

    IL/IN/MI/PA only.

Step Two - Make a deposit

You will need to add funds to your betting account via one of the payment methods specified by the sportsbook.

While there may be a long list of deposit options on the betting site you are looking at, some of them may not be eligible for the welcome bonus.

Your bank card is usually a good option and will more often than not be usable on the bonus. While Skrill or PayPal might be preferred as a banking option, they may be excluded from offers so do double-check.

Step Three - Place a qualifying bet

The next requirement is for you to place your qualifying bet. This is the wager that actually determines whether or not you get a free bet.

If you win your qualifying bet, you collect your winnings and essentially don't get any bonus. If you lose it, you will get a refund, likely as a free bet.

Your qualifying bet must meet the terms that are specified by the operator, and they can include but are not limited to the below.

  1. Odds - Your initial wager might need to be placed over a certain minimum odds number.
  2. Stake - There will be a maximum amount that you can get risk-free, and you may also need to bet over a minimum amount.
  3. Eligible markets - Some risk-free bet offers may only be used on particular bet types.
  4. Number of selections - You might need to place a single bet in order to be eligible, or it might need to be a parlay. Some offers have no restrictions on this.
  5. Payment methods - Make sure that your chosen deposit method is eligible for the offer.
  6. Validity period - There may be a time limit from the moment you sign up to the moment you claim the offer or have your qualifying bet settled.
Betmgm place risk free bet

Place your qualifying bet in accordance with the T&Cs to ensure that you get the free bet if you lose.

Step Four - Receive your free bet (if you lose your qualifying bet)

If you win your qualifying bet, then you stop after step three and take your winnings. But if you lose, then step for is next, and that is to receive your free bet.

It should be credited to your account automatically, and each betting site will give you a timeframe in which you can expect to receive it.

When you receive your free bet credit, you won't be able to withdraw it. It must be wagered on the sportsbook.

Step Five - Use your free bet(s)

Now it's time to make the most of the offer. You've lost your first bet, but this is your second chance to secure some winnings.

There may be some terms similar to those listed above under the qualifying bet section, but the more flexibility allowed by the sportsbook, the better.

You may be able to break your bet credits into a series of small bets, or you may need to bet it all in one go.

Either way, any winnings you get from your free bet(s) will be yours to keep and withdraw, unless otherwise stated.

Free Bets

Regular free bets and risk-free bets are quite different, even though the former makes up a part of the latter.

The free bet concept is perhaps better than the risk-free bet in many ways, but risk-free bets are higher in value and therefore preferred by many bettors.

On US betting sites, regular free bets are rarely given as a welcome offer but you can sometimes claim them as part of smaller, existing customer offers.

One similarity between free bets and risk-free bets is that you, in most cases, need to place a qualifying bet.

But with free bet offers, you get the free bet regardless of the outcome of your first bet, which is not the case with risk-free bets.

Free Bet Betting Site

Barstool Sportsbook

$10 Free & $1000 Risk Free Bet

Barstool Sportsbook has both a risk-free bet and a regular free bet as part of the welcome offer. A plethora of other promotions can be found and claimed once you're registered, and you can expect free bets as well as many other great deals.


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