Have you ever thought of placing bets without having to worry about the risk of losing? If so, our list of the best sites for risk free bets is for you!

Risk free bets allow bettors the opportunity to place wagers without worrying about the potential losses – who wouldn’t want that, right? We’ve prepared a list of the top sportsbooks for risk free betting, and we are ready to share it with you!

We found MyStake to be the best overall option, but there are so many others that you should consider!

Want to find out more? Let’s dive right in!

Wondering how we ranked these sites? Then keep on reading! We used strict criteria for creating this list, and in the end, we ended up with some of the top sportsbooks you can find right now.

1. MyStake – Best Site for Risk Free Bets Overall

Pros:

3+1 Free Bet
$500 welcome bonus
40+ sports to bet on
Cash-back bonuses

Cons:

Cluttered homepage

Nothing beats a good free bet, and you get one just by placing 3 wagers at MyStake, the winnings bookie for today! Let’s see what else it has in store.

Markets and Odds: 5/5

The MyStake sportsbook boasts an impressive selection of betting markets – boasting over 40 sports – including popular options like the NFL and the NHL but also virtual sports, racetracks, in-play betting, and so much more.

And it’s not just the sheer number of covered sports but the depth of each category.

For example, soccer betting options cover all the major leagues and competitions, but you can take super-deep dive into the Estonian league. Or check out the match-ups in Slovakia, Ukraine, and much more!

Risk-Free Bet Offers: 5/5

MyStake has an incredible 3+1 Free Bet promotion suitable for all those seeking a risk-free bet.

To qualify, place three consecutive qualifying bets with a minimum amount of $10 each and minimum odds of 1.3 to gain a free bet that is calculated by taking the arithmetic mean of the three other wagers.

Other Sportsbook Bonuses: 4.9/5

New MyStake users can access some generous bonuses, such as a 100% match bonus of up to $500 for all bets.

Additionally, there’s a 170% match crypto sign-up offer for the casino that can reach a total of $1,000. Other boosts include 10% cashback on all deposits and the 35% reload bonus with a maximum value of $350 to be claimed.

Banking: 4.8/5

Accepted banking options at MyStake include MasterCard, Visa, bank transfers, and cryptocurrencies like Bitcoin.

Digital currencies assure fast transactions at low cost, so consider depositing funds or withdrawing using Bitcoin.

>> 3+1 free bet for new users [MyStake]

2. BetOnline – Most Generous Bonuses for Risk Free Betting

Pros:

Variety of bonuses and free bets
$1,000 welcome bonus
Enhanced odds
In-play betting promos

Cons:

Extra charge for credit cards

If variety and generous bonuses are what you are after, BetOnline’s the best option for you.

Markets and Odds: 4.9/5

BetOnline has an impressive range of markets available, catering not just to the fans of the Big Four US sports leagues but worldwide sports betting enthusiasts.

And don’t get us wrong, because the NBA, NFL, NHL, and MLB markets here are top-tier!

Get everything from straight and parlay betting options, teasers, and props to live streams and live bets – all without ever leaving the website.

Risk-Free Bet Offers: 5/5

Players at BetOnline are spoilt for choice when it comes to risk-free betting offers – from a $25 refund if your first bet loses to a $50 refund if the opposing team pitcher gets a no-hitter in MLB. There’s something here to suit everyone’s betting style, so make sure you take advantage!

And, whats more, the list of bonuses is being updated frequently here. So, make sure to visit their website from time to time – this way, you can make sure not to miss out on the latest opportunities available for BetOnline users.

Other Sportsbook Bonuses: 4.9/5

New BetOnline customers can benefit from a 50% welcome promotion going up to $1,000 plus an extra boost by entering the bonus code ‘LIFEBONUS.’ But, be aware that you must meet wagering requirements of 10x within 30 days of making your initial deposit.

Banking: 4.85/5

Making transactions with BetOnline is quick and simple – credit cards are accepted but may incur additional fees, or you can opt for cryptocurrency payments like Bitcoin or Ethereum for added peace of mind.

>> Variety of bonuses for new & existing users [BetOnline]

3. Bovada – Best Sportsbook with Risk Free Bets for Crypto Bettors

Pros:

$750 crypto first-deposit bonus
Custom prop bets via Twitter
30k+ markets daily
On-site bet builder

Cons:

Late betting lines on specific markets

Cryptocurrency bettors should take a good look at Bovada, starting with its top-notch $750 welcome offer.

Markets and Odds: 4.8/5

When it comes to betting markets, Bovada knocks it out of the park! With over 30,000 markets offered daily, they cover classic sports but also offer interesting options such as eSports and racing tracks.

Also, fans get a special treat with the #WhatsYaWager hashtag – it allows them to ask for their own prop bets through Bovada’s official Twitter page.

Risk-Free Bet Offers: 4.85/5

For those who are looking for a risk-free bet offer, Bovada promises (and delivers) an unbeatable 75% match bonus of up to $750 for users who opt for cryptocurrency as their preferred payment method.

Those choosing other payment methods (fiat currency) will still be eligible for the 50% match bonus of up to $250. Both offers come with 5x wagering requirements – one of the lowest available in the market right now.

Other Sportsbook Bonuses: 4.8/5

According to our Bovada review, the remaining promotions available on the site are predominantly casino-focused, ranging from slots and poker to a whole lot more.

But not to be forgotten is the Referral Program – an easy way to pocket extra money by referring your friends, with up to $275 earned for every friend that signs up and wagers!

Additionally, there are seasonal promos like loyalty points operating with no cap on the number of referrals.

Banking: 4.75/5

Depositing money at Bovada is easy as pie! There are options such as bank transfers or card payments if that’s your preference – or you can go big and take advantage of cryptocurrencies like Bitcoin or Bitcoin Cash.

Withdrawals will feel faster with crypto since your wins should arrive within just one hour after making a request, whereas bank or card cash-outs might take between two and seven business days until they process your transaction.

>> Up to $750 crypto welcome bonus [Bovada]

4. MyBookie – Best Risk Free Betting Site for Horse Racing Odds

Pros:

$200 cash-back
$1,000 welcome bonus
8% horse racing rebate
Excellent horse racing odds

Cons:

Could use more banking options

Looking for the best site to bet on horse racing? Then make sure to check out what MyBookie has in store.

Markets and Odds: 4.7/5

MyBookie excels in providing a variety of markets for its users, particularly prop bets that often go beyond those offered by other online bookies covering major events.

This bookmaker is pretty US-focused and provides excellent options for betting on college games as well as NFL matches. The odds provided by MyBookie are competitive, plus there is also a range of niche sports that can be explored.

Risk-Free Bet Offers: 4.75/5

MyBookie stands out from the competition with an enticing 10% deposit match bonus of up to $200 when you make your first deposit.

The minimum requirement for the initial deposit is $45, and you can use the promo code 200CASH to redeem it.

Additionally, rollover requirements are quite reasonable at just 1x. There are plenty of other promotional offers that you can find on MyBookie’s Promotions page.

Other Sportsbook Bonuses: 4.65/5

New visitors to MyBookie can take advantage of the solid 50% initial deposit boost, which goes up to $1,000. With standard 10x playthrough requirements, this offer is sure to be attractive to many customers.

On top of that, regular players can redeem a 25% reload bonus whenever they make further deposits into their accounts.

Meanwhile, horse racing fans will welcome the 8% rebate option that applies to all bets placed at racetracks across all states in America.

Banking: 4.55/5

When it comes to banking methods, MyBookie is nothing special but still covers the fundamentals.

The platform makes sure that all customers have access to secure payments through MoneyGram, MasterCard, and Visa services as well as cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or Ripple.

Low fees apply when transacting with cryptocurrency wallets, while withdrawals are processed quickly within an hour after submission into your chosen crypto wallet account.

>> Excellent horse racing betting section [MyBookie]

5. EveryGame – Best Risk-Free Betting Sportsbook for Parlay Bets

Pros:

Twenty $50 Parlay Free Bets weekly
$750 sign-up offer in 3 tiers
Excellent in-play markets
Wide variety of promotions

Cons:

Could use a better variety of markets
No phone assistance

EveryGame offers a parlay-free bet bonus like no other site – you won’t find this stuff at most sportsbooks.

Markets and Odds: 4.55/5

The number of markets at EveryGame may not be on par with MyStake or BetOnline, but it caters to the majority of US bettors with different choices and interests. Their odds are pretty competitive, and the live betting area in EveryGame is reckoned to be among the best available online.

Roughly 20 sports are provided here, as well as non-sporting choices like entertainment and politics.

Risk-Free Bet Offers: 4.8/5

EveryGame provides an amazing promotion referred to as the Twenty $50 Parlay Free Bets.

Punters have the chance to get a $50 free bet each week if one of their bets did not win, but only due to one tip being wrong.

Other Sportsbook Bonuses: 4.65/5

When you register an account as a new user at EveryGame, you are granted three deposit bonuses that are equal in amount.

To avail of this benefit, use the promotional code 3XBOOST250 on your first three deposits for a 100% match boost worth up to $250 every single time. And yes, this brings the total sign-up bonus package all the way up to $750.

Banking: 4.5/5

Deposits and cash-outs at EveryGame can be done speedily and safely without any lags or issues due to the site’s protective measures in place.

Users can use traditional banking methods such as MasterCard debit or credit cards, bank transfers, plus cryptocurrencies like Bitcoin as well as altcoins.

>> Twenty $50 Parlay Free Bets [EveryGame]

How We Ranked Online Sports Betting Sites for Risk-Free Bets

Markets and Odds:

We evaluated the sportsbooks for their variety of sports markets, betting options, and competitive odds. This helps us determine which sites offer the best value for your bets.

Risk-Free Betting Offers:

During our research, we also looked at each online sportsbook to evaluate how they reward customers who take part in risk-free bets. We ranked them by bonus size as well as terms and conditions that make it easier to bet without taking on unnecessary risks.

Other Betting Bonuses:

We also searched for other bonuses that sites offer, such as loyalty offers and promotions that can help increase your winnings. We compared offers from different sportsbooks to make sure we only list ones with fair terms & conditions so you can make the most of the bonuses.

Banking:

Finally, our team checked the banking methods available on each site, making sure there were enough deposit & withdrawal options for everyone. We also looked into payment processing timeframes and fees to ensure you have smooth transactions with no delays or high costs involved.

Why Is MyStake the Best Risk-Free Sports Betting Site?

MyStake is the best real money sports betting site for punters looking to wager on their favorite teams and tournaments. Here are some of the reasons why:

40+ Betting Categories: There are over 3 dozen sports and non-sporting events that you can bet on at MyStake. The site covers all major leagues and plenty of niche options like racetracks and e-sports betting.

Handsome Sign-Up Promo: MyStake stands out from other online sportsbooks by offering a 100% match boost on your initial deposit (most competitors offer 50% or 75%), going up to $500.

??3+1 Free Bet For The Win: For each third qualifying bet you make at MyStake, you get a free bet! You need to wager $10 or more per bet – with 3 or more positions. 1.3 minimum odds per position are also required.

Why Should I Use Risk-Free Betting Sites Online?

If you are a fan of sports betting, then you have most likely heard of risk-free betting offers. These offers provide an excellent opportunity to maximize your winnings and reduce losses while still having some fun with your bets.

Here are three reasons why you should take advantage of these promos:

Increased Reward Potential: With risk-free betting offers, you can increase your winnings, as the bookmaker will be refunding some or all of your losses if the bet does not work out in your favor. This means that even if you lose, you will still come away with more bonus money than if you had not taken advantage of this offer.
Reduced Risk Level: Risk-free offers also reduce the level of risk associated with making a bet. Since there is the potential for a refund, your downside is greatly reduced when placing a bet on something like football or basketball games.
Added Fun Factor: Using risk-free offers adds an extra layer of excitement by allowing bettors to feel even more confident in their picks without fear of losing much money in case they fail to make the best prediction. This makes it easier to enjoy each game and cheer on your favorite teams from the sidelines.

Thinking of what to bet on? Check out these articles:

Guide to the Best Risk Free Betting Sites Online: FAQs

What Are the Best Online Sportsbooks for Risk Free Bets?

The best online sportsbooks for risk free bets are MyStake, BetOnline, Bovada, MyBookie, and EveryGame.

How Do Risk-Free Best Work?

With a risk-free bet, the bettor essentially gets their stake back if their chosen bet loses. This means that despite the loss, you won’t be out of pocket.

You will receive site credit or free funds as long as conditions related to the specific promotion or online bookmaker are met. And if your cash bet wins, you win the money all the same.

The specifics of a risk-free bet vary by the bookmaker and promotional offer. Generally speaking, a risk-free bet is offered in two ways: either as part of a welcome bonus package or as a separate promotion.

What’s the Best Risk-Free Bet Strategy?

When considering a safe bet, you can target a bet with “plus” line odds.

For example, if you wager your own money on the (+150) home underdog, you are looking at an easy $150 payout on a $100 wager.

It’s wise to lift the underdog betting risk by using a risk-free wager.

Comparing the Top 5 Online Sportsbooks for Risk-Free Bets

MyStake: This fantastic site has the best risk-free bet credits around! If you bet $10 or more, you’ll be able to take advantage of the unique 3+1 Free Bet promotion in which your fourth bet is free.

BetOnline: With an impressive selection of risk-free bets, you can’t go wrong when you sign up with BetOnline. Our BetOnline review shows that it has dozen different options for cashback and free bet promotions – there’s something for everyone!

Bovada: In case you are into cryptocurrency betting, then you’ll want to check out what Bovada has to offer. With a 75% match deposit bonus on your first bet with cryptocurrency, you can get up to $750 in free bet credits.

MyBookie: Earn up to $200 in bonus cash with your initial wager at a 10% rate. Your rollover requirements are only 1x – it’s that easy!

EveryGame: Get the opportunity to pocket one of twenty free $50 bet offers every week if your parlay bet falls through.

How to Join Online Sportsbooks and Claim a Risk-Free Bet

To join risk-free sports betting sites, just follow the steps below. We’ll show you how it’s done at MyStake, but these steps apply to most online sportsbooks.

1st Step: Registration

This link will take you to the MyStake online sportsbook.
Hit the red sign-up button.
Provide the required data in the registration form.

2nd Step: Verification

The site will send you a verification link via email.
Open the message and click the link (or the button).
Log in using your credentials.

3rd Step: Make Your First Deposit

At the MyStake cashier, set your payment preference.
Deposit $20 or more.
Grab the first deposit bonus.
Check the markets and place your first bet!

Our Tips for Using Risk-Free Bets Online

Risk-free bet bonuses are a fun way to increase your chances of making a profit when betting on sports. When taking advantage of these offers, it is important to use the right risk-free bet strategy to maximize your success.

Here are some tips and tricks to help you get the most out of risk-free bets:

Check the Terms and Conditions Carefully: When signing up for a risk-free bet, be sure to read all the fine print carefully. This will help you avoid any unexpected surprises down the line.
Take Advantage of Multiple Offers: It is wise to take advantage of multiple free bets if they are available. This can help you increase your chances of success while also diversifying your portfolio with different bookmakers.
Know Your Bets: If you’re someone who loves getting into the nitty gritty of sports betting, then taking advantage of risk-free bet offers can be especially beneficial for you. You’ll have more freedom to make educated bets without risking your own money, so make sure to research teams, players, odds, and other factors that may influence your results.
Understand Your Odds: When placing a bet on a risk-free offer, you should always be aware of your odds. Not only will understanding your odds help you decide which bets are worth placing, but it also helps ensure that you don’t end up making unprofitable wagers in the long run.

Ready to Get Started at the Best Site for Risk Free Bets?

As we near the finish line, we want to say once again that MyStake offers the best risk-free bets.

The site has a cool 3+1 Free Bet promo that all sports bettors should check out. Still, other platforms on this list offer top-notch risk-free bet promos, too – so make sure to check them out before you make the final decision.

No matter which site you end up choosing, please always wager responsibly and have fun.

DISCLAIMER: The information on this site is for entertainment purposes only. Online gambling comes with risks. There’s no guarantee of financial gain, so you should only gamble with what you can afford to lose. All information on this site is for entertainment purposes only.

While gambling can be fun, it can also be addictive. If you or anyone you know suffer from a gambling addiction problem, we recommend that you call the National Gambling Helpline at 1-800-522-4700 to speak with an advisor. Please remember that our guides and all gambling sites are only for people who are 21+. Also, check with local laws to find out if online gambling is legal in your area.

For free online gambling addiction resources, visit these organizations: