Is There Such a Thing as Risk-Free Betting? There is Now…
Ever since the first wager was ever placed in the world’s inaugural betting shop, there has been no such thing as risk-free betting. Many wouldn’t have it any other way either, as this encapsulates the true appeal of gambling and the delicate balance that exists between risk and reward.
However, risk-free betting has recently emerged in the world of online bookmakers and sportsbooks. Although only a select few providers offer this type of new and exciting wager, it is something that has quickly captured the attention of the market and helped to target an entirely new demographic of novice bettors!
How does Risk-free Betting Work?
In many ways, risk-free betting is as simple as it is innovative and rewarding. It basically requires customers to place their chosen bet as normal, placing a set amount of money on the predetermined odds provided. Under the terms of a risk-free wager, however, players will be refunded up to a specific amount if their bet is ultimately unsuccessful. These bets are usually presented in terms of amounts rather than percentages, so the amount that will be returned depends on the precise terms on offer and your total wager.
Let’s say that you are awarded a £25 risk-free bet, and opted into this before placing the total amount on an event of your choice. If this wager was unsuccessful, you would be refunded to the tune of £25, turning the bet into an entirely risk-free entity that could potentially be used to seek out riskier vehicles and higher returns. Above all else, it has also proved particularly effective at targeting beginners and newcomers to the world of online betting, thanks primarily to its fun nature and it capacity for relaxed, risk-free wagers.
From the perspective of terms and conditions, you may find that free wagers are only available on events with higher odds. This approach is widely used by bookmakers, so you will need to be selective and strategic when selecting a market and placing your qualifying bet. As a general rule, the qualifying bet will usually be subject to a minimum odds limit of 2.0 (or evens), meaning that it must be priced higher than this if it is to be eligible for the promotion.
Our final Thoughts
This is particularly important in markets such as football, where matches have just three potential outcomes that are priced according to numerous factors. By backing outside bets with inflated odds, however, you are learning how to make the most of qualifying bets and leveraging them to secure as much guaranteed profit as possible.
A good example is Bayern Munich’s Champions League tie with 2016 debutants and minnows FC Rostov. This is an ideal example of a qualifying bet for a risk-free wager, as Rostov were available at 35/1 to beat the German champions. By backing them generously with a risk-free bet, you are likely to either win big or at least receive your initial wager back without question.