“Risk-free” has a nice ring to it, even if it isn’t strictly true.To maximize the value of the bonus, you’ll have to make one substantial size wager.įor the sportsbook, risk-free bets are an excellent promotional tool for many reasons: (As we’ll explain later, these free play credits are not worth their entire face value, so it’s not exactly “risk-free.”) It’s important to understand that only your first wager triggers the bonus, so if you submit twenty $50 bets, even at the same time, you’ll qualify for just $50 of free play. The hustle isn’t as profitable this time since each state is only granting a limited number of sportsbook licenses, but there is still plenty of gold to be mined.Īt the moment, the most popular new customer offer is called a risk-free bet: if you lose your first wager of up to (say) $1,000 at that shop, they’ll give you back a free play credit in the amount of your stake for that wager. Desperate to build up their customer bases, these companies offered so much free money that it was possible to make a living simply by hopping from casino to casino and collecting bonuses - in fact, a large percentage of today’s professional gamblers built their early bankroll by doing just that. Longtime gamblers may remember the frenzy of deposit bonuses offered by internet poker rooms and casinos in the early 2000s.

What does 1000 mean in gambling