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Risk Free Bet
sports bettingA risk-free bet is a promotional offer from a sportsbook where a bettor's first wager is insured up to a certain amount. If the bet loses, the stake is refunded to the bettor, usually in the form of site credit or a free bet.
Key Takeaways
- 1A risk-free bet is a promotional offer from a sportsbook where a bettor's first wager is insured up
Risk Free Bet
A risk-free bet is a promotional offer from a sportsbook where a bettor's first wager is insured up to a certain amount. If the bet loses, the stake is refunded to the bettor, usually in the form of site credit or a free bet.
Example
A sportsbook offers a risk-free bet up to $500. A bettor places a $500 wager, and if it loses, they receive $500 in free bet credits.
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