Risk-Free Bets Explained
Gambling is arguably the most polarizing activity in existence. Tying together luck, trust, and sheer determination, even a beggar could turn into a millionaire overnight. Though that isn't the consensus case, most gamblers lose all of their money, get bankrupt, be buried in debt, and just fall further into their gambling addiction.
Gambling is arguably the most polarizing activity in existence. Tying together luck, trust, and sheer determination, even a beggar could turn into a millionaire overnight. Though that isn’t always the case, for the most part. Most gamblers lose all of their money, get bankrupt, be buried in debt, and just fall further into their gambling addiction before they even get a chance to accrue a record of winning bets. Thankfully, the latter case is rare in sports gambling. And it is plausible that one of the leading causes of this is the bonuses provided by sports bookmakers, and an example of those and the focus of this article: Risk-Free Bets.
What is a Risk-Free bet?
A risk-free bet is a type of wager that rewards bettors even if their bet or bets fail to cover. It usually takes the form of site credits or a freebie bet. If a bookmaker offers a site credit as a Risk-Free bet, this means that you get the initial money that you wagered plus the winnings on the winning bets. Meanwhile, in Free bets, a bettor only either gets back his initial stake or earns his winnings. In light of these, it is obvious that site credits are the better form of Risk-Free bets as you could earn more money whilst having the same level of risk, though, at the end of the day, all depends on the offers of your bookmaker.For example, a bettor wagered 50$ on the Jaguars +100 to cover the spread against the Colts. In a site credit scenario, if the bet hits, you get back your 50$ wager in addition to the 100$ winnings. On the other hand, If the wager is done through a freebie, you only get the 100$ winning and not the 50$ that a bettor has initially staked.
How do you pick bookmakers that offer Risk-Free bets?
For a bettor to determine what bookmaker dishes out the best offers in terms of Risk-Free betting, they must take three things into utmost consideration. First is knowing what type of Risk-Free bet that their bookmaker usually offers. As mentioned earlier, it is better if the Risk-Free bets come in the form of site credits or more commonly known as cashback. Next, bettors should look for bookmakers that offer the highest maximum in Risk-Free bets. The explanation for this is quite straightforward because there is much more to earn on bigger bets at the same level of risk. And last and the most important, the odds. No matter how high the maximum is or how better the type of risk-free bet is, everything just gets thrown out of the window if the odds offered are appalling.
How are Risk-Free bets beneficial?
Risk-Free bets are already beneficial by the nature of being a freebie that lets a bettor wager without the risk of losing money. In light of this, a bettor can use Risk-Free bets to build up enough bank that they could use in other bets that wins them more money. Besides that, it also gives an enormous ego boost to bettors on their bet resulting in them wagering more and the bookmakers boosting their monetary profit. And conversely, it curbs and draws the self-defeatist picture of capitalistic bookmakers by being customer-friendly. Risk-Free bets are what bettors would consider god’s grace in betting. If you view it in a certain way, it’s literally free money. And even though chances only come few and far between for bettors to win such bets, it wouldn’t hurt bettors to wager money that they would eventually get back.
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