There are several important factors to consider when sign-up for a new sportsbook and collecting your risk-free bet.
You might think the most important factor is how much you can wager with your risk-free bet, but this is not necessarily the case. This will usually be well advertised and the first thing you spot. Instead, it is some of the terms included in the small print which can make all the difference.
One of these is the minimum and maximum odds you are allowed to wager on. These restrictions are in place to protect the sportsbook from bonus hunters that will look to place a wager on a safe bet and then withdraw the winnings as cash or a wager that could potentially bankrupt a sportsbook. Considering this, these requirements are not usually restrictive. However, it is always important to check before you wager as you could accidentally miss the minimum or maximum and therefore wave goodbye to your risk-free bonus as a result.
Another important term to consider is the type of bet you can place with the risk-free bet. Often a fixed-odds wager is the only form of bet you can place; however, there are exceptions such as PointsBet, which allows you to place a sizable points spread bet.
Finally, but most importantly, you must check the turnover requirement. We do not recommend you place a risk-free wager with more than an x1 or x2 turnover requirement. If it is higher than this amount, it is simply encouraging you to bet more and more and not for the right reasons. Our team at BettingScanner are very experienced in the field, and we can say from experience that it is tough to keep track of how many times you have won with a single bonus, especially as a new customer.