Promotions

What is a Free Bet?

Free bets are promotional giveaways that sportsbooks give to users in the form of a “token” or “bonus” for a specific amount of money where the sportsbook is paying the stake of the bet.

Free bets aren’t just for new users. Books may reward frequent users with occasional free bet credits. As always, we encourage users to sign up for as many books as possible. The more you can spread your money around, the more you can take advantage of free bet promos.

Free bet credits will typically be small increments ($10-$25). Additionally, free bets are inherently worse than cash because if you win you do not receive your stake back, just the profit of the bet. For example, if you place a $25 free bet on +100 odds, your payout would only be the $25 profit — not $50 ($25 stake + $25 profit).

Sportsbooks With Free Bets

Pretty much every sportsbook that is legal in your state uses free bets as a promotional tool. Some of our favorite sportsbooks include:

• Caesars
• BetMGM
• BetRivers
• Unibet
• DraftKings
• FanDuel
• PointsBet
• WynnBET

What is the Best Free Bet Offer Right Now?

Several sportsbooks offer a risk-free bet up to $1,000, but Caesars edges them out all with a risk-free bet up to $1,250.

What this means is that new users can place their first bet up to $1,250 and if it loses, they will get that stake back as a free bet. For an in-depth explanation of risk-free bets, click here.

How to Use Free Bets on Caesars?

To use a free bet on Caesars, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet!

How to Use Free Bets on BetMGM?

To use a free bet on BetMGM, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet!

Here’s an example of how it looks once placed:

How to Use Free Bets on BetRivers?

To use a free bet on BetRivers, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet! BetRivers doesn’t have as many free bets as other books. Instead, they offer lots of profit boosts where payouts can be increased.

How to Use Free Bets on Unibet?

To use a free bet on Unibet, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet!

How to Use Free Bets on DraftKings?

To use a free bet on DraftKings, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet! Here’s an example once placed of a free bet that won:

How to Use Free Bets on FanDuel?

To use a free bet on FanDuel, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet!

How to Use Free Bets on PointsBet?

To use a free bet on PointsBet, add a bet to your bet slip as normal and there will be an option to apply your free bet credit. Choose that option, and place the bet!

How to Use Free Bets on WynnBET?

To use a free bet on WynnBet, select the free icon in the row next to the preset bet amounts in the bet slip. Here is an example:

How Does Caesars’ Risk-Free Bet Work?

Caesars has a risk-free bet of up to $1,250 for new users. What this means is that new users can place their first bet up to $1,250 and if it loses, they will get that stake back as a free bet. 

For an in-depth explanation of risk-free bets, click here. The best way to use risk-free bets is on longshots because if you lose you get your money back in the form of a free bet.

How Does BetMGM’s Risk-Free Bet Work?

BetMGM has a risk-free bet of up to $1,000 for new users. What this means is that new users can place their first bet up to $1,000 and if it loses, they will get that stake back as a free bet. 

For an in-depth explanation of risk-free bets, click here. The best way to use risk-free bets is on longshots because if you lose you get your money back in the form of a free bet.

How Does BetRivers’ Risk-Free Bet Work?

BetRivers has a risk-free bet of up to $500 for new users. What this means is that new users can place their first bet up to $500 and if it loses, they will get that stake back as a free bet. 

For an in-depth explanation of risk-free bets, click here. The best way to use risk-free bets is on longshots because if you lose you get your money back in the form of a free bet.

How Does Unibet’s Risk-Free Bet Work?

Unibet has a risk-free bet of up to $500 for new users. What this means is that new users can place their first bet up to $500 and if it loses, they will get that stake back as a free bet. 

For an in-depth explanation of risk-free bets, click here. The best way to use risk free bets is on longshots because if you lose you get your money back in the form of a free bet.

How Does DraftKings’ Risk-Free Bet Work?

DraftKings does not have a risk-free bet promotion at this time, but they do have other promotions for new users like deposit $5 and get $200 of free bets, or a 20% deposit match.

How Does FanDuel’s Risk-Free Bet Work?

FanDuel has a risk-free bet of up to $1,000 for new users. What this means is that new users can place their first bet up to $1,000 and if it loses, they will get that stake back as a free bet. 

For an in-depth explanation of risk-free bets, click here. The best way to use risk-free bets is on longshots because if you lose you get your money back in the form of a free bet.

How Does PointsBet’s Risk-Free Bet Work?

PointsBet is a little bit different. Currently, they are offering a risk-free bet of up to $100 for five consecutive days. So if all five of your $100 bets lose, you will get $500 in free bets. 

For an in-depth explanation of risk-free bets, click here. The best way to use risk-free bets is on longshots because if you lose you get your money back in the form of a free bet.

How Does WynnBET’s Risk-Free Bet Work?

WynnBET does not have a risk-free bet promotion currently active, but they do give a $100 free bet to all new users who bet $100 or more.