We need to set up some clear definitions here. Technically using a free bet token or balance from a bookie could be considered risk free. It’s one of the main things our server tracks and if you’re using our tool you’ll have plenty of these to take advantage of. There’s a good argument to say these are actually better offers in the first place.
But in this case when we’re talking about a risk free betting offers using the bookies definition. Place a bet and if you lose they give you your money back. Pretty sweet deal, right?
There can be a few variations here and there but that’s the basics.
Obviously every bet you place with a bookie will not always be risk free (that wouldn’t be a great business model now would it?) so we’re looking for specific offers for this. Technically we’re doing the looking but you get the idea. Sometimes they’ll be on smaller events but most risk free offers will be on the bigger events. I’m not just talking a world cup final but it’s unlikely you’ll get an offer on some low rank U21 teams playing.
The offer goes like this 99% of the time:
- Place a bet normally on a game. Usually up to £25 or £50 (the amount you bet will set your risk free bet limit) sometimes this can be limited to certain odds for example nothing below 1.5
- You can then place another bet on the same game (using your own balance) and if you win great! If you don’t you get your stake money back.
The usual variations can be:
- Sometimes your free bet will need to be placed in-play (when the event is happening).
- Sometimes (with the lesser offers) you might have a wagering requirement which means playing with your refund at least once before you’re able to withdraw it.
- Some offers will get you to bet £100 to get £20 risk free for example. These offers are obviously not as good as an 100% bonus (which is why they’re lower rated on Bookie Monster) but that’s still a £20 risk free bet at the end of the day.
These offers turn up constantly. Some are specifically for new customers while others are for the existing punters. Today (at the time this guide is going live) there are a half dozen offers available for the Arsenal v Bayern Munich match. You can hunt for yourself or use the tool to find the available and upcoming offers.