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sportsbook free betHow Did Risk-Free Bets Work and Why Did They Change？

Disclaimer: Promotions change frequently. Always read the fine print before laying down your hard-earned cash! It is crucial to understand the terms and conditions attached to your bonus before laying down any money.Terms will vary from sportsbook to sportsbook, but common bonus terms to watch out for include:Odds restrictionsRollover requirementsTime limitsUnderstanding how your sportsbook treats payouts on bonus bets or site credit is paramount when considering any promotions. In most cases, only the winnings from the bonus bet are returned to your account. You won’t get back the bonus bet stake, which will equal the amount you originally wagered with your own money. Therefore, bet within your comfort zone and never risk any cash you can’t afford to lose!Rest assured, most bonuses are easy to understand once you grasp the basic rules. For more information, check out our detailed guide on how sports betting bonuses work.Risk-free bets were an excellent opportunity to make a selection at longer odds than you might otherwise consider, and that remains true under their new names. If you lose the first time, you’ll get a second chance. Mathematically, your probability of winning one of two bets is higher than your likelihood of winning a single bet.As a general rule of thumb, any promotion is better than no promotion. It’s called a bonus for a reason. However, we must again caution that risk-free bets were never entirely risk-free, and that remains true under their new labels. Further, risk-free bet offers didn’t net you anything if you won the initial qualifying bet.Experienced bettors who want the highest potential gain from a promotion should look towards deposit match bonuses or matched bonus bets, as these offer value whether your first bet wins or loses. New customers who just want to give sports betting a try without the risk of losing their own money should seek a no deposit bonus.For more advice on choosing the best sportsbook bonus for you, check out our in-depth guide.The first step sportsbook free bet to taking full advantage of “risk-free” bet promotions is depositing the maximum amount. If your sportsbook offers up to $500 “risk-free” with their welco……