Risk-Free Betting - Top Risk-Free Bet Offers From NJ Sports Betting Sites

Risk-Free Betting: Best Risk-Free Bets From NJ Sportsbooks

A risk-free bet is the latest promotional trend offered by New Jersey sports betting sites. With online sports betting being relatively new in the US, New Jersey sportsbooks have been trying to figure out the best way to draw players to their apps. And one of the best ways to bring in new players is to not only offer a great deal, but to make a person feel comfortable when joining a NJ sports betting app. This is where risk-free betting comes in.

What Is A Risk-Free Bet?

Risk-free betting gives players a form of reimbursement if their bet happens to lose. This reimbursement normally comes in the form of bonus bets or cash. In the case of the bonus bets, this allows players the chance to win for free. And in the case of cash, well, that's even better as you earn cash that isn't required to be wagered.

Traditionally, this offer is for new players and applies to their very first sports bet wager with a NJ sports betting app, but sportsbooks and NJ online casinos offer other promotions that are in the same vein as risk-free betting. In fact, many sports betting sites offer daily promotions that include bonus bets, odds boosts and parlay insurance.

We will go over each sports betting site that offers risk-free betting and determine which is the best risk-free betting offers for you, the player. And we will also discuss the best way to use your risk-free bets.

Risk-Free Bet Offers

Currently, there are seven sports betting apps in New Jersey that offer risk-free betting:

NJ Sportsbooks With Risk-Free Betting

Each sportsbook has their own risk-free bet promotion with unique terms and conditions. But we are here to break down each NJ sports betting site in detail and determine who has the best risk-free bet promo. Once we understand these promotions, we will then discuss risk-free betting tips and strategies to help you optimize these risk-free bet offers.

DraftKings Risk-Free Bet Promo

DraftKings Sportsbook has a $500 Risk-Free offer for new signups. This means your first bet on DraftKings Sportsbook is matched up to $500 if it loses. You can use your DraftKings Risk-Free Bet on parlays, but not on teasers. There are no odds restrictions. Here are more guidelines for the DraftKings risk-free bet:

  • Free Bets must be used in whole as they cannot be split into multiple wagers. You can not wager less than the value of the Free Bet.
  • Any free bet values used are not included in settlement returns.
  • Only one free bet may be used on the bet slip in any one transaction.

This first bet must be used within 30 days of your first bet. The free bet bonus is not included in any returns or winnings. The free bet bonus is also not redeemable for cash or transferable.

Click Here To Make Your Risk-Free Bet At DraftKings!

What We Like:

  1. Matches 100% up to $500
  2. Can use on parlays
  3. No odds restrictions

What We Dislike:

  1. Must use bonus bet on a single wager
  2. Not allowed to use bonus bet on teasers

FanDuel Sportsbook Risk-Free Bet Promo

The FanDuel Sportsbook Risk-Free Bet promotion is similar to DraftKings. Your first bet is matched up to $500 by FanDuel if the bet loses. It may take up to 72 hours for the risk-free bet to credit your account. You can use this free bet on parlays. There are some restrictions, however:

  • Wagers placed on favorites with lines shorter than or equal to -200 (example: -250) cannot be used with your risk-free bet.
  • Any unused portion of the bonus will be automatically withdrawn from your FanDuel Sportsbook account after 14 days.
  • You cannot use the "Cash Out" feature.

Click Here To Make Your Risk-Free Bet At FanDuel!

What We Like:

  1. Matches 100% up to $500
  2. Can be used on parlays
  3. Can make multiple wagers with your bonus bets

What We Dislike:

  1. 14 days to complete risk-free bet or you lose unused portion
  2. Odds restrictions

PointsBet Risk-Free Bet Promo

PointsBet Sportsbook actually has two risk-free bet promotions. The first is for fixed wagering, similar to other online sportsbooks, but the other risk-free bet is for the PointsBetting system.

At PointsBet, you can get a $500 risk-free bet for your first fixed wager, while getting another $500 for your first PointsBetting wager. That means you can get up to $1,000 total if your first bet on fixed wagering and PointsBetting happens to lose. It should be noted that any risk-free promotions cannot be used with the STOP-LOSS function.

But unlike some other online sportsbooks, PointsBet does not allow players to use a risk-free bet on parlays. That is a key difference. And players cannot use the PointsBetting wager with their bonus bets. This is likely due to the unique betting nature of PointsBetting.

Bonus bets must be used on markets of -200 or more odds (example: -250.)

Click Here To Make Your Risk-Free Bets At PointsBet!

What We Like:

  1. Multiple risk-free bets (100% match up to $500 on each)
  2. Largest total free-bet offers ($1,000)
  3. Gives players the opportunity to try PointsBetting risk-free
  4. Can use bonus bets on parlays

What We Dislike:

  1. Odds restrictions
  2. Cannot set the STOP-LOSS feature on your first PointsBetting wager
  3. Cannot make your first bet as a parlay

playMGM Sportsbook Risk-Free Bet Promo

MGM Sportsbook is only one of two online sports betting apps that give players back real cash as their Risk-Free Bet promotion. playMGM Sportsbook gives players back real cash up to $100 on their very first sports betting wager, if it loses. Once you get the cash into your account, you can cash it out.

Not only that, but playMGM also gives an additional unique bonus that can be used at their MGM Online Casino. This simple cash back reward makes MGM Sportsbook one of the best sports betting options.

Click Here To Make Your Risk-Free Bet At MGM Sportsbook!

Here are additional notes about the playMGM Risk-Free Bet promo:

  • Receive $100 cash back up to $100 on your first sports bet if that wager loses. The bet placed must be a minimum of $25.
  • This offer expires seven days after creating a playMGM account.
  • Your first sports wager outcome must be completed within seven days of the betting date.
  • Cash will be loaded into your playMGM account on the following Monday after the outcome of your first sports wager.

Plus playMGM Casino FREEPLAY:

  • You will earn $25 FREEPLAY that can be used on MGM Online Casino.
  • The FREEPLAY will be in your account for seven days and you will need 150 iRewards Points to release the bonus.
  • FREEPLAY iRewards Points release requirement must be completed within three days.
  • Games marked as "New" anytime during the promotion are not eligible.

What We Like:

  1. Get back real cash up to $100
  2. Earn $25 FREEPLAY for MGM Online Casino
  3. No restrictions to earn the risk-free promotion with the exception of a $25 minimum wager
  4. Parlay bets allowed

What We Dislike:

  1. First bet must be completed within seven days of wager, limiting some futures betting
  2. The offer expires one week after account creation

Borgata Sportsbook Risk-Free Bet Promo

Borgata Sportsbook has a risk-free bet unlike any other New Jersey sportsbook. Borgata offers up to $250 cash back on your very first sports wager, if that bet happens to lose. They also give players a $20 bonus to use at the Borgata Online Casino.

Borgata Sportsbook Risk-Free Bet additional notes:

  • First Sports Wager Required: $25 or more on first single sports wager.
  • If a player's first bet is voided, the placed wager will not count toward the promotion. In this instance, a player's next wager will qualify for the cash back offer.
  • Your first sports bet outcome must be completed within seven days of the date of your first sports wager.
  • Cash will be loaded to Borgata account within three business days after the outcome of your first sports wager is confirmed.

Plus the Bonus Dollars to use at Borgata Online Casino:

  • Player must Opt-In to $20 Bonus Dollars in the bonus tab to credit.
  • Player always has the ability to Opt-Out of a bonus at any time.
  • The wagering requirement on the promotional Bonus Dollars is 15x the Bonus Dollar amount. For every $1 in Bonus Dollars player must wager $15.
  • You have three days following the opt-in of the Bonus Dollars to complete the wager requirement.
  • Once a player completes the wagering requirements, any winnings will be credited to the player's account.
  • Games marked as "New” at any time during the promotion period may not be eligible.

Click Here To Make Your Risk-Free Bet At Borgata Sportsbook!

What We Like:

  1. Get back real cash up to $250
  2. $20 bonus to use at Borgata Online Casino
  3. No restrictions to earn the risk-free promotion with the exception of a $25 minimum wager
  4. Parlay bets allowed

What We Dislike:

  1. First bet must be completed in seven days, limiting opportunity on futures betting
  2. Cash back takes three business days, potentially causing further delays with weekend betting

BetStars Risk-Free Bet Promo

BetStars Sportsbook offers a $500 risk-free bet, but there are a few things to be mindful of when obtaining your BetStars Risk-Free Bet:

  • You will be given a free bet up to $500 if your first settled sports bet loses. If you have a bet slip with multiple wagers, most online sportsbook will have your first wager be considered your first bet. But with BetStars, the bet that qualifies as the risk-free bet is the first bet that settles. So keep that in mind when making your first wager on BetStars.
  • Your first bet must be settled in a 90-day period.
  • A first wager that involve free bets, the cash-out feature, are voided or is a Round Robin will not qualify for the BetStars Risk-Free Bet promotion.
  • If you made your first deposit with Neteller or Skrill, you will not be eligible for the Risk-Free Bet promotion.
  • Once you obtain your free bet, you can use it on any BetStars market.
  • The free bet can be used on straight bets and parlays only.
  • The free bet is not allowed to be used on spin and bet and round robin wagers.
  • Unused free bets expire seven days after being credited.

Click Here To Make Your Risk-Free Bet At BetStars

What We Like:

  1. Matches 100% up to $500
  2. You have a 90-day period to complete first bet
  3. Can be used on parlays
  4. Bonus bets available to be used on all sports markets

What We Dislike:

  1. Deposits made on Neteller and Skrill are disqualified from the risk-free bet offer
  2. No round robin bets allowed
  3. The risk-free bet is based on the first bet that settles, limiting certain futures bets
  4. Free bet expires after seven days

Golden Nugget Sportsbook Risk-Free Bet Promo

Golden Nugget Sportsbook also offers a risk-free bet, but it is much lesser than the other NJ sportsbooks, coming in with a $50 Risk-Free Bet and it has a couple of stipulations as well.

Your first bet must be equal to $50. It cannot be less or more. To qualify for the Golden Nugget Risk-Free Bet you must:

  • Players must make Straight wagers (single bets) and Live bets (in-play bets) only.
  • Parlays do not qualify for this offer.
  • Bet must be equal to $50 exactly.
  • There are no minimum odds for a qualifying bet.
  • You have 90 days for your first bet to be placed and settled.
  • You cannot cash out or partially cash out your first bet. No "Cash Out” feature for your first sports betting wager at Golden Nugget.
  • You will be credited your bet bonus within 24 hours of your first bet being settled as a loss (assuming it qualifies as well.)
  • Golden Nugget Online lists no restrictions on the Bonus Bet.

Click Here To Make Your Risk-Free Bet At Golden Nugget Sportsbook!

What We Like:

  1. Free bet bonus credited quickly within 24 hours
  2. 90 days for first bet to be settled
  3. Can make in-game (live bets) for your first wager to qualify for the bonus bet

What We Dislike:

  1. Matches 100% up to $50 is significantly less than competing sportsbooks
  2. First bet must be exactly $50
  3. Parlays do not qualify in order to earn the bonus bet

Best NJ Sports Betting Risk-Free Offers 2019

Ranking Casino Bonus Offer Claim Now

1st Place (Winner)

Borgata Sportsbook

Get Cash Back Up To $250 + $20 Casino Bonus

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2nd Place

playMGM Sportsbook

Get Cash Back Up To $100 + $25 FREEPLAY

Click Here to Play Now

3rd Place

PointsBet

Get Two Risk-Free Bets Up To $500 Each

Click Here to Play Now

4th Place

FanDuel Sportsbook

Get A Risk-Free Bet Up To $500

Click Here to Play Now

5th Place

DraftKings Sportsbook

Get A Risk-Free Bet Up To $500

Click Here to Play Now

6th Place

BetStars NJ

Get A Risk-Free Bet Up To $500

Click Here to Play Now

7th Place

Golden Nugget Sportsbook

Get A Risk-Free Bet Up To $50

Click Here to Play Now

Borgata Online Sportsbook is the clear winner, giving you back real cash up to $250 for your first sports bet. PointsBet narrowly edges FanDuel for third place due to the incentive of a second risk-free bet if you decide to make a PointsBetting wager. FanDuel and DraftKings were close, but in the end, DraftKings requires sports bettors to use their bonus in one bet and cannot divide up their wagers, making it too restricting in our eyes. BetStars falls to six on our list due to its deposit requirements and how your first bet must settle to be considered the risk-free bet, making it more difficult to bet on futures and parlays.

Risk-Free Betting Tips

The funds that you earn from sports betting operators in the form of a risk-free bet should be thought of as exactly what they are: free money. All players are being given extra opportunities to win for creating an account and getting in on the action, but not all players know quite how to use them to their fullest capability. So here is our risk-free betting tip:

Because you don't get to keep the funds you wager and only get to keep the winnings, it's important to try and maximize the potential for profits. The way to do this is to increase payouts with parlays, since it doesn't necessarily require a large amount of money in order to receive a strong payout. Especially if you don't feel like laying all your risk-free bet down on one wager, break it up with a few parlays. It helps you stretch out the action in addition to the opportunity to pull in a large payout and add it to the bankroll.

Risk-Free Betting Strategies

Depending on the NJ sports betting site, you may have to alter your risk-free bonus betting strategy.

For instance, DraftKings doesn't allow players to spread their bonus bet across multiple fixed wagers. To counteract this, a player should determine their risk-free betting strategy based on the size of their bonus. Since DraftKings Sportsbook specifies no odds restrictions, a player with a $500 bonus bet may be inclined to put that money on a huge favorite. If a player has something closer to $50 to wager, perhaps creating a significant parlay is the move.

And in the case of MGM Online Sportsbook and Borgata Online Sportsbook, getting cash back instead of bonus bets is a game-changer and the truest definition of risk-free. With no betting restrictions, players should take care of this offer in the most aggressive way possible. Putting together a $100 or $250 parlay, or perhaps a big futures golf bet, is the way to go for NJ online sports betting players because a loss leads to the equivalent to a cash refund.

Our final risk-free betting strategy may sound simple, but we find many people not taking advantage of it, which is signing up to multiple NJ online casino and NJ sports betting sites. Why take advantage of one welcome bonus when you can take advantage of two, three, four, five or more? Sign up with our bonus codes to take advantage of each online casino and sports betting site. If you did this at each of the seven NJ sportsbooks listed above, you would be set to get up to $350 in real cash, $45 in online casino freeplay and $2,550 in Risk-Free Bonus Bets. Have fun, good luck and play smarter!

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