How to convert Risk Free Bet Promotions

Sportsbooks will try to entice first time users with a “risk free bet” for their first wager. The idea is to take away some of the fear of losing money, but you still get to be excited about winning (very predatory in our opinion). The catch here is that your first bet loses, your “refund” will be paid in free bets instead of cash. Free bets are worse than cash because you don’t get paid out your original stake if you win. So in reality, the first bet is not risk free at all, you just get to feel like you have a second chance.

You'll often see these called "Second Chance Bets", "Bet Insurance", or "No Sweat Bet" - they all follow the same formula.These promotions are usually subject to far less conditions than deposit matches, and take a maximum of two days to complete. Once you’ve converted one you’ll know how to do them all:

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 Risk Free 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 risk free 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.