When you’re looking to sign up for a sportsbook, you may notice that each betting site has a different promotion offer. One offer that bettors can’t refuse are risk-free bets in Maryland. In this review, we’re going to cover why you should take advantage of risk-free bet offers and which Maryland sportsbooks offer them.
Use risk-free bets when offered
If you plan to sign up for a sportsbook in Maryland, we recommend looking for risk-free bet offers. While they will not guarantee you a win, they do provide players with a second opportunity with their money. Since players are planning to spend the money regardless, this offer allows them to get another free bet if they don’t win.
Best Risk-Free bets offers in Maryland
Are you ready to start placing bets but want to find the best offer first? There are many trusted sportsbooks in Maryland, and each offers competitive promotional offers for new members. We did some digging around to find 5 of the best risk-free sports bet bonuses in Maryland. Keep reading to find out which one you want to take advantage of.
Fanduel MD Risk-Free bets up to $1000
When new members sign up for Fanduel, they can take advantage of their $1000 risk-free bet offer. One of the reasons why Fanduel’s risk-free sports bet offer is such a hit with new players is because it’s very user-friendly. They have designed their mobile app to be just as efficient as their desktop site. As a result, users can take advantage of all the features while on the go.
If a player loses when placing a bet with their risk-free offer, they will have the option to use their credit however they please. This means that they could use the entire credit on one bet or split it up to use on several smaller bets.
Barstool Sportsbook Maryland Risk-Free $1000 bet bonus
Barstool Sportsbook is another one of Maryland’s leading sports betting sites. They have a very similar promotional offer as Fanduel. When new members register for an account with Barstool Sportsbook, they can take advantage of their $1000 risk-free bet offer. Bettors can place a riskier bet with longer odds, safely knowing if things don’t go as planned, they will be credited back the full amount.
BetMGM Risk-Free Bet up to $600 Maryland
New members can get a risk-free bet of up to $600. While many players have made the best of this offer, there are more rules and conditions than some of the other Maryland sportsbooks. To be eligible for this offer, players must bet at least $50 at BetMGM MD.
The way the reimbursement is handled is different as well. While players are reimbursed the full amount they spent, it will be given out in 20 percent hunks. This means that if a player wagers $600 on the Baltimore Ravens but they lose, the player will receive 5 separate credits worth $120.
DraftKings MD Risk-Free Bet up to $1000
Many people who are experienced with placing bets are enticed to sign up to DraftKings. This trusted site is known for its daily odds, which give players a better chance at seeing a win with their offers. So it comes as no surprise to bettors that DraftKings has a very attractive risk-free bet offer of up to $1000.
However, players must place a minimum of $5 in order to place a bet with this offer. In addition, players can only use this offer in markets that have odds that are higher than -300. While this risk-free bet offer is quite enticing, many players prefer the easy interface and navigation that Fanduel and Barstool Sportsbook’s websites offer.
Pointsbet MD Risk-Free Bets up to $2000
Pointsbet offers a dual risk-free bet offer to players who use the promo code “USB2K”. This is actually one of the highest-priced offers from sportsbooks in Maryland, worth up to $2000. When players sign up for this risk-free bet offer, they can use it for two separate bets to make the most of their betting experience.
The first bet that players can make is worth up to $500. This bet can be used on any market in the Pointsbet network. The second bet can be used for a much higher wage, up to $1500. However, this bet can only be placed on an event in the “PointsBetting” market.
Risk-Free bets general info Maryland
A risk-free bet is a type of promotional offer that many legal betting sites offer to new members. Of course, when you place a bet, there’s always the risk of losing your money. However, when you bet with risk-free bet offers, there’s an extra sense of security, knowing that if your bet doesn’t win, you will be credited back what you spent.
How does Risk-Free bets in Maryland work?
When a Maryland online sports betting site offers a risk-free bet promotion, players can bet up to a certain amount, knowing they will be credited back if they lose. Therefore, it’s very important that you always read over the terms and conditions of the offer you are signing because every reimbursement is treated differently.
If a player places a bet and wins, they will see the money in their sportsbook account where they can withdraw it. However, if they lose, they will not be able to withdraw their reimbursement. The risk-free bet usually entails the player receiving their reimbursement as either free bets, site credit, or bonus cash. In a sense, this is giving the player a second chance with their betting money.
Advantages of Risk-Free bets in Maryland
- It gives players a second chance at seeing a win
- Easy to use
- Safe and secure at all legal betting sites
- Allows players the opportunity to place bets with longer odds
- No extra fees
The Disadvantages of Risk-Free bets?
- Not 100% risk-free
- Players don’t get to withdraw their reimbursement
- Many sites don’t allow the player to keep their stakes if they lose the first bet but win when they bet with credit
Using a Risk-Free bet in MD
Every betting site will have a maximum betting limit for the risk-free bet. If you can afford to, you should bet the full amount for the best outcome. If you lose, many betting sites will allow you to split up your credit into multiple bets. This allows players to maximize their chances of winning.
You should keep in mind not to go over the maximum cap because you will not see any benefit from that. It’s also important that you’re fully aware of the conditions for the risk-free offer and knows which markets you’re eligible to place bets in. Every sportsbook will have different rules surrounding their promotions.
Some players have also maximized their betting odds by signing up for multiple sportsbooks. This is a time-consuming risk-free sports bet strategy. However, if you are interested in scanning out all of your options, there are some great possibilities for increasing your chances of winning. You may even find opportunities to place bets on both sides of one market.
FAQ’s About Risk-Free bets Maryland
Who Is Eligible For The Risk-Free Bet Offer?
Most Maryland sports betting sites will extend this risk-free bet offer out to new members. In order to qualify for this offer, players must be at least 21 years old and be present in Maryland at the time of placing bets. If a member lives in Maryland but is traveling out of state, they may not use this offer while they’re away.
What Happens To The Risk-Free Bet If A Player Wins?
If a player wins the first bet they place, the offer will be voided. This is because the player will receive more money from their winnings than they would from the offer. The risk-free bet doesn’t get carried on to their next loss because it is for their first bet only.
Can I Use The Risk-Free Offer Multiple Times?
No, the risk-free offer can only be used once. If a betting site offers a risk-free bet offer of up to $1000, it can only be used for one bet, no matter the sum. A player can not split it up into two risk-free $500 bets. Even if the player only bets the minimum amount for a sports bet, they can only use this offer once.
Will I Lose My Stake On A Risk-Free Bet?
Every sportsbook in Maryland has different rules surrounding how the stake is handled. In the event that a player wins their risk-free bet, they will always get to keep their stake. However, when they lose and receive credit, they may not get to keep it. Some sites allow the player to win back their stake with credit, while others only allow the bettor to keep their winnings.
Do Risk-Free Bets Expire?
Always read the conditions on the offer before signing up to know if you will use the offer in time. Most promotional offers come with an expiry date. If a member doesn’t use the offer or its credits by a certain date, they will likely lose it completely.