Risk Free Bets & Money Back As Cash Special Offers
At this time, there are not many risk-free bets to be had. As it stands, we only have the Paddy Power who has a money back as cash offer, but you may be interested in these new customer bookmakers offers.
Bet £10 Get £50 in Free Bets - No Offer Available During the Grand National
Earn Rewards Points For Every Sports Bet & Spin
Subject to eligibility and clause 2.3, Players are automatically opted into the Rewards Scheme. Your participation in the Rewards Scheme may be cancelled at any time by contacting our customer service team at help@sportnation.bet.
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Today's Risk Free Bets
Premier League Football £20 Money Back As Cash First Bet At Paddypower
Get your money back as cash on the football when you sign up to Paddypower. The Premier League is back baby and Paddy Power are offering all new customers money back as cash. Sign up below and click the ‘Join Now’ button then place your first football bet up to £20 and if your selection loses Paddy’s will return your stake back as CASH. See below for the main terms or check out the promotional page for full terms.
Terms: New customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.
Horse Racing £20 Money Back As Cash At Paddypower
Get your money back as cash on the horse racing when you sign up to Paddypower. Horse racing is up and running although behind closed doors and for those that like a bet on the racing Paddy Power are offering all new customers a risk free first bet. You can sign up below and click the ‘Join Now’ button, then place your first horse racing bet up to £20 and if your selection loses Paddy’s will return your stake back as CASH. See below for the main terms or check out the promotional page for full terms.
Terms: New customers only. Place your FIRST bet on any Horse Racing market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.
A risk-free bet or money back as cash is exactly how it sounds, risk-free. Bookmakers are constantly in competition with each other for new customers, and as such, will provide a free bet with first-time deposits. The term used can change where you open an account but a popular choice is the risk-free bet offer. This means, upon registering a new account and placing your first bet if the bet loses the bookmaker will return your stake in the form of a free bet or cash. In the past, a lot of the bookmakers would return your stake as cash but these types of bookmakers offers were open to abuse. So to still find them are pretty rare. The amount of the free bets or cash will vary from bookie to bookie but does have value, especially for the educated punter.
When you consider the volume of online bookmakers that are vying for your business, this can add up to a large amount in free bets but does come with a cost as most free bet offers do require a minimum deposit bet made to qualify for the free bet. However, it is a calculated risk of sorts, but when you consider the minimum bets often are under £25, and the fact the amount you deposit is yours to use as you see fit, it remains a risk-free bet and well worth maximizing to increase your profitability.
How does it work?
Most free bets will apply certain terms that relate to the type of bet that can be made to qualify for the free bet. What is important to know is some will simply credit your account with a free bet and require nothing in return. In those cases, winnings will require a set amount of wagering before withdrawals are permitted. In other cases, the free bet will only be applied to your account when you have made a certain number of bets at a certain level of odds. This is the more common of the two, and choosing to deposit and accept this style of free bet should see you being confident in your selections. If you have prior knowledge of the sports you are betting on, then going in blind will usually result in a loss, and that defeats the advantage you are trying to gain. Once the free bet is applied, if you lose it will be returned to you, and that is where the risk is eliminated.
Ideally, when using a free bet, you should bet on odds that are favourable to you, but within the limitations of the free bet terms and conditions. This is important to understand, for should you fail to bet under the terms, any winnings will be forfeited, so take time to read the terms of the free bet carefully.
What bookmakers have money back as cash or risk free betting offers
Many bookmakers offer these types of bets but the one we recommend is Paddy Power. They are major players in the online betting sector that you will have seen advertised on the tv and all of the social media platforms such as Twitter and Facebook.
Unibet offer the biggest at a £30 refund on your initial bet but of course, this would mean that you would have to stake at least £30 to get the maximum refund if your bet loses. While Paddy Power offers just £20. But whereas Unibet refunds your money as a free bet, Paddy Power will return your stake as pure cash so in effect it truly a great offer.
You can find out more about these particular offers by going to the Unibet Offers Review and Paddy Power Review pages.
Is a risk free bet right for me?
Risk-free bets are far from new and have been an effective marketing tool for bookmakers and sportsbooks since this style of gaming took hold online. So the question becomes if it is right for you as a punter.
Ultimately, you are the only one who really can answer that, and maximizing all the free bet offers will depend greatly on your bankroll and what you have budgeted for betting. We never recommended expanding your budget to accept an offer, always play within your budget as it is imperative to manage your gambling budget appropriately to avoid unnecessary financial burdens.
If you are the type of punter who frequently places wagers on sports, this is most likely an attractive offer. As you will see, the bookmakers promoted here are respectable, trustworthy and licensed, so that is another risk factor that is removed from the equation when considering if this betting offer is the right one for you. Generally, those who frequently place bets are educated on their sport of choice and already come in with an advantage, so ultimately, it comes down, in those cases, to the odds that are available to give you the punter the advantage.
If you are just starting to place bets and are somewhat new to sports betting, accepting a risk-free bet is a good option as it provides you with the opportunity to bet with the knowledge that should your bet fail to produce a positive result, it will be returned. The nice side to this is you will not have to re-deposit to place another bet. One advantage, of course, is the cost to claim a risk-free bet is minimal. It, therefore allows you to open accounts with several bookmakers and increase the number of free bets at your disposal. If you know you are betting on a sure thing, the potential can see you increase your bankroll substantially, and with the extra winnings, you can continue to build on this until you are ready to withdraw your winnings.
Many skilled bettors utilize risk-free bets regularly, both as a welcome offer and also with special promotions bookmakers release, which in many cases, can be a weekly occurrence as an incentive to get you to place bets. For the educated punter, this is a winning situation and one they see value in using.
A great way to get increased prices on a specific sports betting market is to take advantage of bookmakers enhanced odds offers which are generally available for new customers. Betfair is very good when it comes to this type of offer and have many throughout the week. Whether it is enhanced odds on Premier League football, Champions League, big race meetings like the Cheltenham Festival or even boxing matches, Betfair will have an enhanced odds offer for you to have a crack at.