If you’ve ever browsed Arizona sportsbook promos, then you’ve probably seen an ad or two for risk-free bets in Arizona offers. These new customer offers often come in the form of a risk-free first bet, and in this article, we will explore everything there is to know about risk-free bets in Arizona.
Betting with risk-free bets in Arizona
Our guide covers the most important aspects of risk-free betting, starting with information on how these bets work. Then, we’ll talk about the different forms risk-free bets come in, as well as the differences between risk-free bet offers and other types of free bet bonuses.
We will also talk about the pros and cons of risk-free bet opportunities and some of the stipulations and terms you must meet when using them. Further, we’ll talk about tips and strategies for making the most of these bets and avoiding too much risk.
Then, we’ll discuss the top five of all Arizona sportsbooks and their corresponding risk-free bet offers before we answer frequently asked questions about the topic.
Best Arizona risk-free bet bonus offers
Arizona sports betting sites typically offer risk-free bets to new customers as a sign-up bonus. When you register for a new account with an online sports betting site, they will offer you the chance to make a first bet. If you win that bet, you get to take your payout. However, if you lose, you get another chance at a bet, and the bonus kicks in.
It’s important to note that risk-free bets aren’t inherently risk-free. There is still no guarantee that you will turn a profit since you can’t guarantee you will win your risk-free bet.
When the sportsbook gives you the bonus, it often comes in the form of a site credit refund, which you can use as “cash”. You get to make a wager with this credit, and if you win the bet, you get back your stake and a profit.
How much are these risk-free bets worth?
Depending on what type of risk-free bet bonus you unlock, you may have your wager matched in full, or you may receive a percentage of your wager to bet with. For example, at Draftkings sportsbook, if you wager $500, your bonus will only be $100 since their bonuses are only worth 20% of your deposit.
How do risk-free bets differ from other free bets?
Although risk-free bets may seem similar to free bet offers, there are a few key differences. First, risk-free bets are basically only offered as welcome bonuses to new sportsbook customers. Further, risk-free bets are often higher in monetary value; they go up to $2,000 sometimes, while a regular free bet usually offers only up to $20 or so.
Pros and cons of making risk-free bets with AZ sportsbooks
Pros with a risk-free bet in Arizona
- They offer longer odds – While most bets only last as long as the event lasts (with the exception of futures), risk-free bets are a great chance to stretch out a bet. And when you think about your likelihood of winning, it increases with more bets (two is better than one).
- They’re fun – Risk-free bets are a fun betting opportunity, if nothing else. You get a chance to return your stake and a profit in some cases, which is more exciting to take part in than your typical bets.
- They aren’t too difficult to make – One pro of risk-free bets is that they are pretty easy to understand. They often come in the form of a straight bet, which is one of the easiest sports bets to make. And the terms and conditions are pretty straightforward.
- They offer greater potential than regular free bets – Risk-free bets also have an advantage over other free bets (or regular bets in general) since they offer to match you back hundreds and, in some cases, even thousands of dollars.
Cons with a risk-free
- They can be misleading – While the bonus is a lucrative offer, you aren’t guaranteed to even receive that bonus. If you win your first bet, the offer doesn’t activate. You really are putting your deposit at risk and don’t have any guarantees.
- It can cost you – In some risk-free bonus offers, you have to bet a lot in order for the bonus to really pay off. This can be risky and could put you into debt.
- There are stringent rules – You also need to keep in mind that there are terms and conditions to your bets. You need to place them before the offer expires and make the right type of bet in order for it to be eligible.
Tips for making risk-free bets in Arizona
Here are some tips for making a risk-free bet in Arizona:
- Bet on the favored competitor. You may want to do this if you don’t care to take a second chance. The favored competitor will likely win in a risk-free bet, so if you do, you can take your winnings and move on.
- Be careful not to overdo it. As exciting as it is to reap the bonuses, be careful not to get too enticed and sign up for a bunch of sportsbooks to get a bunch of offers. This could mess with your bankroll.
- Make the most of your bonus offer by betting as much as you can get out of the bonus. If you really think you’ll lose your first bet and want big Arizona sportsbook promos, this is the way to go.
Consider the terms and conditions of risk-free bets in Arizona
Below are some of the common terms you might face when using a risk-free bet offer at Arizona online sportsbooks:
- Expiration date – once your bonus offer gets activated, you will likely have a time period in which you have to use it (usually no more than 30 days)
- Activation date – after your first bet loses, there may be a period of time you have to wait before your bonus activates (some sportsbooks make you wait 72 hours)
- Method of bonus credit – depending on the sportsbook, your bonus credit may come in the form of cash, site credit, or a free bet(s)
- Number of bets – you also need to check and see whether your bonus will get credited as a single bet or multiple bets
- Odds requirement – check to see if the sportsbook requires a minimum odds for your bet (typically -200, if at all)
Other bonuses in AZ
FAQ’s About Risk-free bets Arizona
At any sportsbook, you just need to be a first-time customer, register for a sportsbook account, and in some cases, place a minimum first deposit. Of course, you’ll also need to meet the terms and conditions of the specific risk-free bet offer.
This term refers to risk-free bets, and it refers to the money the sportsbook awards you when you lose your risk-free bet. It’s money you receive to use specifically to place a do-over wager at the sportsbook you received it from.
Yes, if you lose your bet, then unlock the second chance with a risk-free bet. You have a chance to get your stake back if the site offers the bonus in the form of a site credit refund. If you win the second-chance bet, you get back your stake and a profit.
Although it may seem like this method gives you more bonuses, this can become a slippery slope. You don’t want to be in the position of losing money in multiple places since, after all, risk-free bets don’t guarantee “no risk.”
Your risk-free bet often activates once you lose your first bet at the sportsbook offering the bonus. And then, once it activates, you typically have somewhere between seven and 30 days to use it.
A risk-free bet is one in which you get something back if you lose. This could be a site credit or a free bet. Customers benefit most from site credit, or risk-free cash bet offers because they receive their initial stake as well as winnings on winning bets.
The top 3 sportsbooks that offer risk-free bets in AZ are FanDuel Sportsbook, BetMGM Sportsbook and Unibet Sportsbook.
Kim Stevens
Expert at Game PredictionsFreelance journalist with a huge interest in “The Big Three.” Applying my sports enthusiasm to keep fans in Arizona up to date. Get more updates on my Twitter: @stevensberlykim.