The phrase “risk-free” can be music to anyone’s ears when it comes to betting. But can a bet ever really be placed with zero risk to you or your money?
In this post, we’ll look at risk-free bets - also known as “no sweat” bets - and how they work.
We’ll also introduce you to matched betting; a simple betting strategy that can help you turn risk free bets into guaranteed profits.
First though, let’s take a step back and quickly look at where risk-free bets come from…
Online sportsbooks offer incentives to attract new customers and encourage their existing customers to place another bet. These incentives often come in the form of promotional offers such as free bets and bonus offers.
There are lots of types of sportsbook promo offers around and the details will differ based on the sportsbook you use. However, once you know how they all work, you’ll be able to use them to make ongoing profits. But more on that, in a little bit.
Free bets are probably the most popular type of promo offer given out by online sportsbooks. Especially to new customers as part of a welcome, or sign up, offer. You might see a sportsbook with a free bet offer similar to this:
Using the above example, here’s how you would go about getting the free bet offer.
A free bet lets you place a bet using credit, rather than your own money. This essentially removes the risk of traditional gambling because you’re not risking your own cash.
Now we’ve covered some of the basics of a free bet offer, we’re going to focus on another type of sportsbook promo offer: risk-free bets.
Risk-free bets are very similar to free bets in that they are given out by online sportsbooks to customers. Here’s an example of a risk-free bet promo offer:
The main difference though is that rather than receiving a free bet worth a specific amount, with a risk-free bet, you stake your own money. Your risk-free bet is equal to how much you bet, rather than a free bet where it can be fixed (to $150 like in the free bet example above).
If the bet wins, you keep the returns (as usual), but if it loses, the sportsbook will reimburse you the amount (usually in free bets).
Don’t worry if that sounds a bit confusing because we’ll look at the full process for ‘unlocking’ a risk-free bet in section 3.
As with most, if not all, sportsbook promo offers, there are a number of terms and conditions to be aware of when doing risk-free bets. The specific terms of a particular offer will depend on the site or promo type itself, so always make sure to read up first.
Terms and conditions are really important because if you don’t follow them, you might not receive the risk-free bet! You don’t want to miss out.
Here are some examples of common T&C’s:
Unlocking a risk-free bet promo is simple, and usually only involves 3 easy steps:
*Read Section 4 to find out how to protect your own funds and make money at the same time.
The time has come to introduce you to a way to not only protect your original stake with risk-free bets but actually guarantee yourself a profit, every time!
That’s right, we’re talking about matched betting.
You can hit the button above to find out exactly how matched betting works but we’ll just run through a brief example of how you can use matched betting to guarantee profit with risk-free bets. Before we do that though, it’s important that you don’t just dive straight in.
Use a dedicated matched betting platform to guide you through the process. A good matched betting platform will provide everything you need to make sure a guaranteed profit is not only possible but simple too! From software which finds the best pre-matched odds to detailed instructions which outline each offer. You don’t need to figure this out on your own.
Matched betting is a fantastic side hustle which can earn you guaranteed, monthly profits. It fits around your schedule and the money can be put towards anything from a meal out to vacations or even a new car. So how can you get started?
Well, you’ve already come to the right place! ProfitDuel is a dedicated matched betting platform with all the tools, training guides and support you need to help you turn sportsbook promo offers into guaranteed profits.
Give matched betting a try today with 50% off your first month of ProfitDuel. Click below to get started and earn your first $100 converting our welcome offer, on us. Want to know exactly how you’ll earn your first $100? Download our free 5-step walkthrough guide here. It couldn’t be easier.