Second Chance Bets

Topping our list as the best second chance bet welcome offer in the US, Bet365.

• Value: the total value of $1,000 is nice and high, so players have a ton of flexibility with how much they're willing to lay down on their initial wager, so high rollers and just for fun bettors can all get great value.
• Turnover: 1x is the standard for Bet365 for sports betting, and it's no different here. Once bonus bets hit your account, any winnings can be withdrawn from bets placed with them.
• Versatility: Bet365 actually offers two different welcome bonuses, and while you are locked into the initial wager you place on the site, there is a 90 expiration time so you can really think about your wager and the minimum odds mean just about any possible wager is ok.
• Maxing Out: An underrated aspect, but it feels nice to really get the most value from a welcome bonus. Most players probably are not going to stake $1K on their first bet, so actually 'maxing out' this offer isn't easy, but because it has quite a lot of range players can really max out what they feel comfortable betting.

Overall Rating: ★★★★★

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Caesars Sportsbook has always had a big dollar value on their welcome bonus, and this second chance bet is not different, with a possibility of claiming $1,250 in bonus bets if the first wager loses.

• Value: This is the biggest second chance bet right now, and been a long running offer. If you're willing to bet big, you can insure a huge wager with Caesars, but otherwise anything up to this amount will also be covered.
• Turnover: Caesars follows suit with the standard 1x turnover, which is great since any winnings from your bonus bets can be withdrawn right away.
• Versatility: There are fortunately no limitations on odds or markets wi this second chance bonus, but it is limited to your first ever wager on the site so you do need to take that into account. Bonus bets from the offer expire after 14 days, which is longer than many other sportsbooks, so you do have a longer time to figure out how you want to win your money back.
• Maxing Out: This is the major downside of 'high-value' offers, since you need to put up a lot of money to max out the potential benefits of the offer. Plus, maxing out does max out the potential loss if you can't convert the bonus bets into winnings should your first bet lose, so think about your wager carefully.

Overall Rating: ★★★★★

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FanDuel's No Sweat First Bet is one of the better second chance bets out there. While the amount changes sometimes around major events, the most common offer is $1,000 back as bonus bets.

• Value: It's impossible to question the high value FanDuel offers new users, and it is one of the highest dollar values that gets covered.
• Turnover: The 1x turnover is here again, so all winnings can be withdrawn if you end up losing your wager and betting with refunded bonus bets.
• Versatility: Like other top end betting sites, FanDuel opens up the whole sportsbook for the first wager, and doesn't have minimum odds so you can play it pretty safe.
• Maxing Out: With such a high value, maxing out the bonus on FanDuel is tough since you would need to stake the entire 1K. This is fine if you're a high roller, but the inability to have the bonus spread out or split into smaller chunks means most people will likely only have a small portion of the total possible value covered.

Overall Rating: ★★★★☆

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BetRivers may not have the jaw-dropping number on their second chance bet offer, but honestly $500 in bonus bets is still a hefty chunk, and they excel at other promotions too.

• Value: While it may be one of the smaller values on this list, a $500 second chance bet is still fairly large, and for the vast majority of people will certainly cover how much they want to place for the first wager on a new sportsbook.
• Turnover: BetRivers follows the 1x turnover trend, with all bonus bet winnings eligible for withdrawal.
• Versatility: Aside from the slightly lower value, BetRivers does impose a -200 odds minimum, which limits some potential wagers. While there are no restrictions on sports or markets, if you like placing exceptionally safe bets you might not be able to quite as easily here, but most wagers will still be within the limits.
• Maxing Out: Smaller top end amount, and minimum odds that force you into a higher potential payout can help with maxing out the bet, but $500 is still a lot, and it is linked to a single bet which can be frustrating if you like spreading out your risk even if you're willing to wager that much in total.

Overall Rating: ★★★★☆ (3.5 really...)

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We've dropped Betfred down to #5 since the Betfred welcome bonus isn't strictly a second chance bet offer, but a portion of the welcome offer refund losses as 'Fred Bets' you can wager again on the sportsbook.

The way Betfred's bonus works is that for the first five weeks, 50% of net losses will be refunded as Fred Bets (bonus bets) up to $200, for a total possible amount of $1,000 over the five weeks.

• Value: Five weeks with the chance to get back $200 as Fred Bets is pretty great, especially when you factor on the $111 just by wagering $50 after signing up. Together this is one of the highest potential value bonuses in the US.
• Turnover: Fred Bets have a 1x turnover, which means all winnings can be withdrawn, so nothing unusual on this two stage offer.
• Versatility: The second chance bet part of this bonus (50% refund) is incredibly versatile, since you don't really have any limitations as long as you don't wager with any extra boosts or bonuses from the sportsbook. Fred Bets can be broken down into smaller chunks as well, which helps if you live diversifying your betting portfolio.
• Maxing Out: $200 a week is a lot more manageable than a one of wager of $1,000 - but the key thing to remember is that only 50% of net losses will become second chance bets, so you would need to wager (and lose) $400 a week to max out this bonus, which is actually a lot of money, and would put it as one of the toughest bonuses on this list to maximise fully.

Overall Rating: ★★★☆☆

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An honorable mention at #6 of our top five list, Betway has a solid second chance bet. And even though the dollar value may seem low, we think it's easy to max out which is a nice aspect for players not willing to drop a grand on their first wager with a new sportsbook.

Like traditional second chance bets, you'll get bonus bets refunded if your first wager loses, up to $250.

• Value: $250 is on the lower end, but given second chance bets are based on a single wager, its actually a pretty good chunk.
• Turnover: Betway has a 1x turnover for this welcome bonus, so all winnings from your bonus bets are yours to keep.
• Versatility: The minimum odds on this second chance bet welcome bonus are -300, and you only need to wager $10 to become eligible. Overall there are a ton of available markets, so its a very versatile offer for big spenders and casual players who want to bet safe.
• Maxing Out: Betway has one of the easier offers to max out, since the value is only $250. But this is still a hefty amount for a single wager, so you can max out and get good value if your bet wins, which puts this bonus up a little in our books.

Overall Rating: ★★★☆☆

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