Sports betting is a lot of fun – but do you know what makes it even more exciting?
Using the best sites for risk-free bets, of course!
After thorough research, we found 9 amazing sites that offer risk-free bets, including MyStake, our number one pick for today.
It offers a generous 3 + 1 free bet bonus, an amazing variety of sports betting markets, and so much more! But all of our picks are worth your attention.
Let’s dive right in.
Best Sites for Risk-Free Bets
- MyStake: Best overall
- BetOnline: Top variety of risk-free bet bonuses
- Bovada: Best for crypto
- MyBookie: Best cashback offer
- EveryGame: Best for parlay bets
- BetUS: Most generous welcome bonus
- SportsBetting.ag: Best live betting free bet
- BUSR: Best for horse racing
- xBet: Best for beginners
1. MyStake – Best Site for Risk-Free Bets Overall
- 3 + 1 Free Bet
- 100% sign-up bonus of up to $500
- Over 3 dozen sports are covered
- Cash-back promos
- Amazing variety of casino games
- Design could use an update
MyStake is the winner for today. It claims the throne by combining an interesting 3+1 Free Bet promo with cash-back promos, a $500 welcome boost, and 40 sports that you can wager on.
Variety and Quality of Risk-Free Bet Offers: 5/5
MyStake’s 3+1 Free Bet promotion is a great choice for all risk-free bet hunters. This promotion offers some fantastic advantages. Just place three consecutive bets with minimum amounts of $10 each and minimum odds of 1.3 to get the fourth wager as a free bet.
The fourth bet will be calculated according to the arithmetic mean of the three other bets – so if you play $30, $50, and $80 consecutively, your free bet will be worth $50.
Note that single and system-type bets are not accepted in this promotion. Neither are free bets nor cash-outed tickets. The maximum amount of freebet that can be earned is $100 at MyStake.
Markets & Odds: 4.9/5
MyStake is a website with an extensive range of betting markets – featuring over 40 sports to choose from. Something that should be mentioned is their impressive selection of eSports games, which includes several well-known titles, and they also offer their own exclusive sign-up offer.
As you would expect, all the popular leagues, such as the NFL, the NHL, and NBA, are available for MyStake users, as well as virtual sports and live betting.
Other Sportsbook Bonuses: 4.95/5
New customers at MyStake can benefit from a 100% match bonus of up to $500 for all bets, plus a dedicated eSports sign-up offer.
Plus, there’s a 170% match crypto welcome offer for the casino that can reach a total of $1,000. Also available are 10% cashback for all deposits, plus a 35% reload bonus with a maximum value of $350.
MyStake provides a good variety of payment options, including MasterCard, Visa, wire transfers, and cryptocurrencies like Bitcoin, that guarantee very cheap and fast transactions.
Depositing funds is straightforward when using any of these options, while withdrawals using Bitcoin are mostly approved within one hour.
2. BetOnline – Best Site for a Variety of Risk-Free Bet Bonuses
- About a dozen risk-free bet and cashback promos
- Live betting
- $1,000 sign-up promo
- Odds booster on the site
- Using credit cards is charged extra
BetOnline is a fine bookie that offers about a dozen promos, including risk-free bets, cashbacks, and of course, deposit bonuses.
Variety and Quality of Risk-Free Bet Offers: 4.9/5
There are just so many options here! For NGL fans, a $25 risk-free bet if your first bet is a loser. Or, a $25 risk-free bet for live bettors. Or, a $50 refund for MLB betting if the pitcher from the opposing team gets a no-hitter.
Or the Blue Balls NBA $50 refund – or the $50 NHL refund if a single team covers the Over on its own. As we said, the risk-free bet offers at BetOnline never stop, so make sure to check them out!
Markets & Odds: 4.8/5
The market range at BetOnline is impressive and was created to give online sports bettors the best possible experience. Bets for the Big 4 US leagues are especially well-catered for, with a huge selection of match markets, great odds, and exclusive risk-free bet bonuses available.
You can find straight and parlay bets, teasers, team and game props, and in-play bets – all in one place! And you don’t even have to leave the website to stream some live events.
Other Sportsbook Bonuses: 4.95/5
New players who deposit at BetOnline will be eligible for a 50% sign-up bonus of up to $1,000! Note that a $55 minimum deposit is required and that you have 30 days to meet the 10x wagering requirements.
That’s not all, though – reload your account with promotional code LIFEBONUS for a 25% bonus.
Handing your finances with BetOnline is quick and easy – credit cards are accepted (though there are hefty fees), while cryptocurrencies like Bitcoin or Ethereum guarantee extra security and cost savings.
Interested in learning more about this sportsbook? Check our BetOnline review.
3. Bovada – Best Risk-Free Betting Site for Crypto Users
- $750 in bonus money for using crypto
- Thousands of daily markets
- You can build custom props through their Twitter page
- Bet builder
- Dual sports betting lines on some sports
Bovada Sportsbook stands out above the competition when it comes to crypto betting, starting with a fine 75% match first deposit bonus.
Variety and Quality of Risk-Free Bet Offers: 4.8/5
For new users looking to join in on the fun, Bovada offers a 75% match bonus of up to $750 for those who use cryptocurrency as their payment method.
Other payment methods are still valid but come with a 50% match bonus of up to $250. Both bonuses come with 5x wagering requirements – among the lowest out there.
Markets & Odds: 4.7/5
Bovada offers an extensive selection of betting markets, ranging from traditional sports to eSports and racetracks. They boast over 30k markets every single day! Plus, they offer in-play betting and early cash-out options.
The vig is lower than average at this sports betting site, but the betting lines may be slower during some regular seasons. And we love how you can even ask for your own prop bet with Bovada through Twitter by using the hashtag #WhatsYaWager.
Other Sportsbook Bonuses: 4.85/5
Other promos on the site are mostly casino-driven, covering slots, poker games, and more. But, there is still a Referral Program.
It’s simple – you make bonus money by referring friends – up to $275 per every buddy you get to join and wager! There are also seasonal promos like loyalty points too. Also, no limits on the number of referrals.
Depositing money at Bovada is quick and easy! Yes, you can select from various traditional banking methods, such as wire transfers and cards.
But we recommend using cryptocurrencies like Bitcoin or Ethereum. Withdrawing your funds is faster when it comes to crypto transactions; you’ll get your wins within one hour, typically, which is quite good.
Bank and card payments will take between two and seven business days to process. And that welcome bonus is way better for crypto fanatics!
4. MyBookie – Best Risk-Free Betting Site for Cashback
- 8% horse rebate
- Up to $200 cashback
- $1,000 sign-up offer
- Top-notch props and racetracks
- No e-wallets
MyBookie is another fine option to claim a risk-free bet, boasting a sweet cashback promo and high-quality prop bets across the board.
Variety and Quality of Risk-Free Bet Offers: 4.7/5
MyBookie trumps the competitors with an exciting 10% match bonus of up to $200 on the initial deposit.
The minimum deposit requirements are $45, the bonus code you need to enter is 200CASH, and the wagering requirements are exceptionally low – just 1x! And there are so many others that can be found on the Promotions page at MyBookie.
Markets & Odds: 4.6/5
MyBookie excels on several fronts, and a variety of markets is definitely one of them. First of all, it offers more prop bets than most online sportsbooks. When it comes to major events, we’re looking at 200+ props on every game.
The bookie is US-centric and delivers excellent options if you’re looking to bet online on college sports of the NFL. The odds are competitive, and there are also plenty of niche sports to check out.
Other Sportsbook Bonuses: 4.8/5
The welcome boost at the online sportsbook is a solid 50% match first deposit bonus boing up to $1,000 with 10x playthrough requirements.
You can also score a 25% sports betting reload bonus once you become a regular on the platform. And since horse racing markets are prominent on the platform, you can also claim the 8% horse rebate if you’re planning to hit the racetracks.
And if you have a sports betting buddy to turn on MyBookie, there’s a 200% referral promo waiting for you after they register and place their initial wager.
MyBookie provides a decent variety of payment options, covering MoneyGram, MasterCard, and Visa, plus cryptos like BTC, LTC, ETH, BCH, and XRP.
Low fees apply when taking the crypto route, while withdrawals are swiftly processed within an hour into your cryptocurrency wallet.
5. EveryGame – Best Site for Parlay Risk-Free Bets
- 20 x $50 Parlay Free Bets each week
- $750 welcome bonus
- Loads of regular promos
- Fantastic live betting options
- Lacks support over the phone
If you’re searching for a parlay bonus bet and enjoy in-play betting, head over to EveryGame and see what they have in store.
Variety and Quality of Risk-Free Bet Offers: 4.7/5
EveryGame offers a special promotion called the 20 x $50 Parlay Free Bets.
Every week, sports bettors have the chance to score one of these $50 free bets if their bets lose because only one tip was wrong.
Markets & Odds: 4.5/5
EveryGame has a wide selection of markets for users with diverse interests and preferences, and the odds offered are very competitive. The live betting section at EveryGame is one of the best available online.
We are looking at about 3 dozen sports covered here, plus non-sporting options like entertainment and politics.
The selection of bet types is on par with the best online sportsbooks out there, and we especially appreciate the diversity of parlay options available.
Other Sportsbook Bonuses: 4.85/5
The sign-up offer at EveryGame includes three equal deposit bonuses. For the first three deposits you make, enter the promotional code 3XBOOST250, and you will be granted a 100% match boost going up to $250 each time.
And yes, this brings the total welcome promo up to $750.
At EveryGame, deposits and withdrawals happen quickly and securely without any delays or issues due to their security system.
Users can make payments via classic banking options such as MasterCard and Visa credit or debit cards, bank wire transfers, as well as cryptocurrency options like Bitcoin and select altcoins (Ethereum, Litecoin, and more).
How We Ranked the Best Sites for Risk-Free Bets
Variety and Quality of Risk-Free Bet Offers:
We evaluated online sportsbooks based on the variety and quality of risk-free bet offers. Specifically, we looked for sportsbooks offering attractive bonuses that were easy to use and had reasonable terms and conditions.
Markets & Odds:
We then took into account the markets each sportsbook offered. We wanted to make sure that players would be able to find competitive odds across a wide range of sporting events.
Other Sportsbook Bonuses:
In addition, we looked at each sportsbook’s bonus offer as well as any other promotions they may have running. This helps us determine which sites are truly rewarding their customers with great value.
We also assessed each sportsbook’s banking options in order to ensure users can deposit and withdraw safely and quickly without any hassle.
Why Is MyStake the Best Site for Risk-Free Bets?
MyStake offers a range of features that make it the ideal site for those looking to enjoy risk-free betting. With over 40 sports to bet on, an unbeatable 3+1 free bet offer, and a generous welcome bonus, MyStake is the premier choice for leisure punters.
- Over 40 Sports to Bet On: MyStake provides punters with more than 40 different sports to wager on, as well as a variety of tournaments and matches from all over the world.
- Unbeatable 3+1 Free Bet Offer: MyStake has a fantastic 3+1 free bet offer where every fourth bet you make is free as long as you bet at least $10 per bet with at least 3 positions and minimum odds of 1.3 per position.
- Attractive Welcome Bonus: New players to MyStake can benefit from a $500 welcome bonus at a 100% match rate on their first deposit. This is a fine opportunity to double your money right off the bat!
Why Should I Use Risk-Free Bets at Online Betting Sites?
Online betting sites offer risk-free bets as an incentive to attract new and retain existing customers. These bonuses provide bettors with a chance to experience the excitement of online gambling without risking any of their own money.
- Lower Stakes: With less risk involved, these bonuses allow users to make smaller stakes with lower risks that are more suitable for their bankroll. If a user does not have enough money for high stakes, they can still enjoy online gambling by taking advantage of these promos.
- Faster Payouts: By taking advantage of a risk-free bonus bet, you can create an edge in your favor, which means faster payouts when you win – allowing you to enjoy your hard-earned profits quicker than before.
- Less Stress: Using risk-free bets removes some of the stress involved in online gambling as these promotions lessen or even eliminate the risks associated with placing wagers on games or events.
- Chance To Try Out a New Online Sportsbook: Risk-free bets give punters a chance to explore different online sportsbooks without worrying about having to commit large amounts of money upfront. This free money bettors test out different platforms ? such as their user interface, credibility, wager range, and more ? so they can decide which one works best for them.
Guide to Using Risk-Free Bet Bonuses
What Are the Best Sites for Risk-Free Bets?
The top 5 sports betting platforms for risk-free sports bets and exclusive promos are:
MyStake is the best option overall thanks to its 3+1 Free Bet promo, BetOnline has the widest array of risk-free bet offers, and Bovada is the No. 1 pick for crypto.
MyBookie grants the top bonus money in cash-back promos, while EveryGame has a cool Parlay Free Bet promotion going on.
How Do Risk-Free Bets Work at Online Betting Sites?
Risk-free bets allow you to place a bet without risking any of your own money. When you place a risk-free bet, the site will refund your stake if it is unsuccessful.
As a risk-free bet example, when you place this type of bet on a horse race and the horse doesn’t win (so your bet loses), the bookmaker will refund your stake. And if your bet wins, you get the full winnings!
Are There Any Restrictions When Making a Risk-Free Bet?
Typically, risk-free bets come with certain terms and conditions that must be met in order to qualify. Some of these restrictions may include a minimum deposit amount, a set bet size, or specific types of bets.
It is important to read the bookie’s Terms & Conditions before placing any risk-free bets in order to understand what restrictions apply to the offer.
Check out some of our similar articles below:
Comparing the Top 5 Sites for Risk-Free Betting
MyStake: This is the best site for risk-free bet credits overall! The platform offers a unique 3+1 Free Bet promotion that makes each fourth bet you make free of charge as long as you wager $10+.
BetOnline: The best risk-free bets in terms of variety, with about a dozen options for risk-free bets and cash-back promotions.
Bovada: If you are a crypto bettor, make sure to take a look at what Bovada’s offering. We are looking at a 75% match deposit bonus on your initial wager with cryptocurrency, going up to $750 in free bet credits.
MyBookie: The top cash-back offer – up to $200 first deposit cash bonus at a 10% rate. The rollover requirements are just 1x.
EveryGame: A unique chance to win one of twenty $50 free bet offers weekly if your parlay bet loses.
How to Claim Risk-Free Bet Bonuses
Joining an online bookie and placing that qualifying bet for a risk-free offer is easy breezy. Here’s how to do it at MyStake, but most sportsbooks require similar steps.
Step 1: Register for a New Account
- Click here to visit the MyStake sports betting site.
- Click the sign-up button on the site.
- Fill out the registration form.
Step 2: Verify Your Account & Data
- You’ll receive an email from the sports betting site.
- Click the link or the button inside the email.
- Log in to the sportsbook.
No. 3: Deposit Money and Make Your First Bet
- Enter the cashier and set your first deposit.
- Fund your account.
- Claim your first deposit bonus.
- Check out the sports betting markets and make your first cash bet!
What’s the Best Strategy for Using Risk-Free Bets?
Making money from sports betting can be a risky endeavor, but there is a way to make steady returns without taking any unnecessary risks. Here are some tips for finding the best risk-free bet strategy:
- Understand the Basics of Risk-Free Betting: Before getting started with risk-free betting, it’s important to understand the basics. This type of betting involves placing multiple bets on the same event so that at least one of them is certain to win.
Knowing how this works will help you determine which bets may be more likely to win and which ones should be avoided.
- Research Different Events and Leagues: Doing research on different events and leagues can give you insight into which teams or players stand out in terms of performance, which can then inform your bet selection process.
- Check Out Bookmakers’ Odds: Checking out bookmakers’ odds before placing any bets is essential when it comes to making an educated decision about which team or player has a better chance of winning.
- Be Aware Of Special Promotions: Special promotions are often offered by sports betting sites in order to entice users into placing wagers with them. Be sure to take advantage of these kinds of offers, as they can often lead to greater returns than regular bets would have provided you with otherwise.
- Keep Track Of Your Bets: It’s also important to keep track of all your bets so that you can analyze them afterward and see how successful your strategies were overall. This will help you identify patterns in your betting activities that helped you make more money in the past, as well as those activities that caused the losing wager.
Are You Ready to Claim Your Risk-Free Bet Bonuses?
Alright, we hope you learned what a risk-free bet means, how to take advantage of it from your very first wager, and where to find the best risk-free bets.
Again, we believe that MyStake is the No. 1 contender in this department but don’t miss other sports betting platforms and the betting bonuses they offer.
Use your free site credit wisely and enjoy those bonus bets – and always wager responsibly.
DISCLAIMER: While online gambling can come as an entertainment form, you should never prioritize gambling to solve financial problems. When you’re thinking of placing wagers exceeding your bankroll, the “house always wins” phrase should be a guiding principle.
Do you have problems with gambling, or do you know someone that does? Regardless of what party it might be, it’s crucial to quickly get a hold of this situation by calling the National Gambling Helpline at 1-800-522-4700. When you call, you’re immediately transferred to an advisor on hand to give you the desired help needed to make gambling safer for you and your loved ones. That said, it’s crucial to remember that all gambling sites and guides are for those who are 18+ only.
Remember, casino sites listed in our reviews might not be accessible in your region. As a result, it’s necessary to check local laws and regulations to see whether online gambling is legal or not.
For resources free gambling addiction resources, visit these organizations: