Risk-free bets are surely some of the most exciting Arizona sportsbook promos offered by online betting sites. In this review, we will discuss everything you need to know about making risk-free bets with Arizona sportsbooks, as well as the details of how risk-free bets work and how to use them.
Read more
- Overview of risk-free bets Arizona
- What is a risk-free bet?
- Pros and cons of risk-free betting in Arizona
- Terms and conditions of risk-free bets in Arizona
- Tips and strategies for making risk-free bets in AZ
- Bet the underdog and hope for a bonus
- Bet the sensible choice and hope for a win
- Take advantage of the entire bonus on the line
- FAQs on Risk-Free bets in AZ
Overview of risk-free bets Arizona
Below, we will discuss everything there is to understand about risk-free bets. First, we will discuss how risk-free bets work. Then we’ll dive into the major pros and cons of using them. After that, we will talk about why it’s important to always know the terms and conditions of a risk-free bet before using it.
Expect to learn about types of risk-free bet strategies and the best risk-free bet bonuses offered by Arizona sportsbooks (including Pointsbet, BetMGM, and Fanduel offers). Finally, stick around to the end to find out our answers to FAQs about risk-free betting.
How to bet risk-free in Arizona
In this guide, we will go through the many aspects of risk-free bets in Arizona and how to use them. You see, there are a lot of terms and conditions wrapping the risk-free bets, so keep reading if you want the best way to use risk-free bets in Arizona. Here are the five steps you can follow to claim a risk-free bet in Arizona:
Total Time Needed :
10
Minutes
Total Cost:
10
USD
Required Tools:
Things Needed?
Steps on how to claim a risk-free bet:
Sign up for an account on the site and make a deposit.
Check the terms and conditions to see if there is a promotional code you need to enter in order to claim the risk-free bet. If there is, you can use the promo code JOKERZINO.
Place your first bet on the site, and if it loses, the site will refund a certain amount of your bet back to your account.
Check your account to see if the refund has been credited, and then you can use it to place another bet on the site.
What is a risk-free bet?
In its essence, a risk-free bet is a bonus offer that AZ sportsbooks give to new members (people who are joining for the first time). The sportsbook lets the new member make the first bet, and if they happen to lose the bet, the sportsbook will provide a bonus amount you can use for another bet.
Each sportsbook customizes its risk-free bet differently, so it’s always important to look at the terms and conditions, as the bonus may come in increments or a one-time refund. Typically, the amount you bet in your risk-free bet is the amount the sportsbook spots you if you lose the bet.
Example of risk-free betting bonus in AZ
You bet $300 that the Lakers will beat the Celtics in a moneyline bet. If you win the bet, the promotion does not kick in. However, if you lose the bet, the promotion kicks in, and the sportsbook would credit you $300 in site credits to make another bet. If you win this do-over bet, you can get back your stake and your profit.
This means that risk-free bet promotions don’t actually work for you unless you lose the bet you place, which is something that many people misunderstand when they claim a risk-free bet.
Also, note that the above example is not the exact case with every sportsbook. For some sportsbooks, the site credit refund breaks into increments, and if you win, you only get your profit (no stake back).
Pros and cons of risk-free betting in Arizona
Example of a risk-free AZ betting bonus
You bet $300 that the Lakers will beat the Celtics in a moneyline bet. If you win the bet, the promotion does not kick in. However, if you lose the bet, the promotion kicks in, and the sportsbook would credit you $300 in site credits to make another bet. If you win this do-over bet, you can get back your stake and your profit.
This means that risk-free bet promotions don’t actually work for you unless you lose the bet you place, which is something that many people misunderstand when they claim a risk-free bet.
Also, note that the above example is not the exact case with every sportsbook. For some sportsbooks, the site credit refund breaks into increments, and if you win, you only get your profit (no stake back).
Arizona risk-free bets Pros
- It’s a good start for beginners. One of the best things about risk-free welcome bets is that they let you try your shot at betting with less risk factored in. If you win, then you get your winnings, but if you lose, you get a second shot at the odds.
- Some of the bonuses are hefty. Depending on which sportsbook you choose, the sign-up risk-free bets are often valued at a minimum of $500. Some of them even go up to $2,000 in total potential value (like with Pointsbet)!
- It’s more fun! Betting with the possibility that you’ll at least get some of your money back is just naturally more fun than normal betting, where you could lose it all. You can actually sit back, relax, and enjoy the betting when you know that there is a backup plan if you lose.
Arizona risk-free bets Cons
- You don’t get competitive odds. With most bonuses and special rewards, this is going to be some kind of catch. And with sportsbooks, this is true since it’s more likely than not that they’ll limit your risk-free bet to the betting markets that don’t give you good odds. This means you aren’t likely to win your bets.
- You are automatically locked into terms and conditions. Be careful what you wish for when you sign up for a sportsbook in hopes of making a risk-free first bet. Many sportsbooks lock you into a set of terms you must follow to place that bet, and sometimes that includes wagering more money than you initially thought you’d have to.
- It is a slippery slope. One thing you need to watch out for in all sports betting situations is the addictive nature of the activity. Risk-free bets and sign-up bonuses are very alluring, so be careful not to sign up for lots of sportsbooks just to get those first-time bets.
Terms and conditions of risk-free bets in Arizona
One thing no bettor should neglect when using a risk-free bet offer is the specified terms and conditions. Every sportsbook has rules you must follow in order to get credits or cash from them. And further, every sportsbook has rules you must follow in order to make these bets.
Some of the common terms and conditions you might face include but aren’t limited to:
- You must use the bonus credit/money within __ number of days after receiving it (usually 30 days).
- Your bonus credit cannot divide into multiple bets (you must use it in full).
- Your bonus credit must divide into multiple bets
- If your risk-free bet is a winning bet, you can claim your winnings but not the bonus amount.
Tips and strategies for making risk-free bets in AZ
Bet the underdog and hope for a bonus
One strategy that you might try if you’re hoping to claim the bonus credit is betting on an underdog to win a match/game.
Some might think it’s unwise to play a bet you think will lose, but in the case of risk-free bets, losing could actually lead to more money. If your bet loses, you get a second chance at a bet that might be more beneficial to you.
Bet the sensible choice and hope for a win
Another strategy is to just bet well. This means choosing a bet with short odds where your pick is likely to win the game/match. If they win, then you get to cash out your bet winnings, and you can move on to regular betting with the sportsbook.
Take advantage of the entire bonus on the line
Finally, one piece of advice is to deposit the full amount for your risk-free bet. This basically means to match the maximum bonus the sportsbook is offering. For example, if the bonus offer promises up to $600 in site credit, then you should bet $600 to take maximum advantage of the offer.
FAQs on Risk-Free bets in AZ
Not exactly. “Risk-free” is more of a figurative term to describe the fact that the sportsbook will match your initial wager if that wager loses. So, in actuality, you don’t get your deposit back. You just get a second chance at your bet. And there is still no guarantee you’ll win.
Yes, as long as you’re of legal age and using an online legal sports betting website, any welcome offer or sign-up bonus bet you use is legal to take part in.
A risk-free bet is the first bet that a new customer to a sportsbook can make as a part of the sign-up offer. On the other hand, a free bet is a type of reward or promotion offered by sportsbooks aside from the welcome bonus.
This is not the same as a risk-free bet since it doesn’t require any betting to take effect. A deposit bonus is when the sportsbook matches your initial account deposit with a site credit you can use for a bet of your choice.
Many AZ sportsbooks will require you to use your welcome offer within a number of days after the date of your account opening. Read the terms and conditions of any sign-up risk-free bet offer before using it.