Sportsbooks say they offer "No Sweat Bets" to new users, also called "Second Chance Bets" or "Bet Insurance." However, if your first wager loses, you're refunded in free bets, not cash. This means you don't get your original stake back if the free bet wins, making them not truly "risk-free." These promotions are available only to new users of each sportsbook and have fewer conditions than deposit matches.

Please note: Any screenshots in this guide are examples taken at one point in time and do not represent any individual user's results. Odds change quickly, sportsbook terms and conditions vary, and user error can occur. You are solely responsible for following each sportsbook's terms. SmartStake is not affiliated with any sportsbook.

Video Guide

Step by Step Instructions

Let's list out all the promotion conversion steps covered in the video.

🚨 Important!

MAKE SURE YOU PAY ATTENTION TO WHICH BET YOU PLACE FIRST. When converting No Sweat Bet promotions, it's common to bet large amounts (( $1,000 - $3,000 )). The sportsbook might not accept a bet that large.

We want to avoid a scenario where we have placed one side of our matched bet, and the other side gets declined for exceeding the maximum bet amount. Even if you can cash out, doing so may void your no sweat bet promotion.

Always check the maximum bet amount on both sportsbooks BEFORE placing your bets. If you can only find the maximum bet amount on one sportsbook (and its big enough for your needs) then try to place the opposing bet first.

This way, if the bet goes through, you know for a fact that you will be able to hedge it. If it doesn't, then you can go ahead and find a different bet using the promo converter.

Find a full list of tips for avoiding common mistakes here.