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Risk-free bet in Minnesota

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Are you an enthusiastic punter who would want to take advantage of risk-free bets in Minnesota? Then, don’t look any further. The MN online betting industry is booming, with various operators offering risk-free bets in order to attract bettors to their sites. In this article, we will take a detailed look at sportsbook risk-free bet bonuses in Minnesota.

What are risk-free bets and how do they work?

A risk-free bet is simply a wager that you can make safely, knowing if it loses, you will receive something back in return. That refund may be in the form of bonus cash or site credits. Many online betting sites in MN offer risk free bets as welcome promotions to appeal to new punters. On the other hand, bettors like to take advantage of these incentives as they know that if they lose, they can have another go.

Risk-free bets usually come in different amounts, ranging from $100 up to a hefty $10,000. However, it depends on which platform you are using and how it refunds the risk free bets. For a sportsbook that refunds in site credits, you will get your initial stake plus the profits generated. Conversely, for sportsbooks that refund in bonus cash, this award is fully withdrawable, making it quite popular among punters in MN.

Keep in mind that online betting sites often place some terms and conditions to risk free bets. For example, many of such offers have expiration dates. This means if you don’t use them within the stipulated time, you lose them. Furthermore, some will require your first wager to have an odds requirement of at least -200 before you qualify. Therefore, it’s important to read the fine print before investing your money in the cause.

How to get a risk free bet in Minnesota

Getting a risk-free bet in Minnesota is quite easy considering that every sportsbook operator wants to appeal to bettors. With the following steps, you will be able to find, claim and benefit from a promotional free bet in MN.

1. Pick the best risk-free sportsbook

First and foremost, let us look at how to choose the best risk-free sports betting app in Minnesota. Although there are plenty of betting platforms out there, remember, not all of them are safe. To get the best option, consider the following factors:

  • Check to confirm if the site is regulated and licensed in Minnesota. A fully legitimate sportsbook complies with gambling requirements and standards, hence will guarantee a safe betting experience.
  • Check if the platform provides trusted payment methods. This is to ensure that your transactions will be processed securely and your financial data is always safe.
  • Always choose a betting website that uses SSL encryption. This will guarantee total protection of your money and private information against fraudsters and hackers.
  • Check to see if the site offers a large variety of sports and bet types. Accessing diverse sports markets will ensure that you have plenty of choices when it comes to placing bets.
  • Lastly, look at the customer support options available at the sportsbook. Are they sufficient and reliable? Try to find a site which allows you to reach its customer support through different ways, including via live chat, phone call and email.

2. Sign up for an account

Once you’ve picked the best sports betting site in Minnesota, you can then create an account by signing up. Load the website homepage and click on the “Join Now” or “Sign up” button. Thereafter, provide your personal information which may include name, email, date of birth, address, username and password. Submit these details, verify your account using the email link and your account will be created.

3. Claim your risk-free bet

Log into your account, make a deposit and then head over to the promotions page. Try looking through the risk-free bet offers available at the platform and identify the one you want. Once you’ve made your choice, opt into the promotion and enter a promo code if requested. Claim the offer and wait for the risk-free bets to be credited into your account.

4. Make your first bet

Armed with your risk-free bet bonus, you can now place your first wager. Identify your favorite sporting event, bet on it, and wait for the outcome. If you win, well and good. However, if you lose, depending on the site, you will receive a part of your stake or the entire lot back.

Pros and cons of risk-free betting in MN

Perhaps, you would want to claim risk-free bets but aren’t sure if they’ll suit your betting needs. To help you in decision-making, we have discussed some pros and cons of this offer below.

Pros

  • One of the biggest advantages of risk free bets in Minnesota is that they help in bankroll building. This happens when you are on a tight budget, and you still wish to bet on your favorite sports. By opening a sportsbook account and claiming this offer, you get free credits or cash to kick-start your betting journey.
  • Another advantage of risk free bets is that you get a second chance in case your first wager loses. This enables you to place an even bigger bet which can lead to potentially massive profits in the long run.
  • Lastly, risk free bets give you an extra level of confidence to make wagers, something that you ordinarily wouldn’t do if there was no guarantee of a refund.

Cons

  • The main disadvantage of this offer is that you may lose all the money on your initial wager if you also lose the free bet. For instance, if you lose your initial wager of $500 and then receive free bets of $500 and lose that too, you’re out $500.
  • Another disadvantage is that risk free bets are actually not the best betting promotion. It is better to look for a deposit match bonus which is much more lucrative. Furthermore, most risk free bets usually tilt the favor to the sportsbooks’ side, thus winning becomes a bit harder.
  • Lastly, these offers may come with some prohibitive terms and conditions that you must meet. They include wagering requirements, odds requirements, and expiration dates.

Betting sites that offer risk-free bets in MN

As a punter in Minnesota, you have plenty of options when it comes to risk-free betting. Here are some of the trusted sportsbooks in Minnesota that sometimes offer risk-free bets.

DraftKings Minnesota

DraftKings is undoubtedly one of the biggest brands in the sports betting industry.

It started as a Daily Fantasy Sports platform, but now provides numerous sports events. In the U.S., DraftKings is known for its free-to-play contests and Daily Pools that award attractive cash prizes to winners. Regarding the welcome offer, it changes regularly, either coming in the form of free bets or matched bonus.

BetRivers Minnesota

BetRivers is a recognized name across the US sports betting ecosystem. Owned by Rush Street Interactive, it is present in almost all states and also partners with retail venues that are spread countrywide. Providing a wide variety of sports markets, the sportsbook delivers a remarkable betting experience. Combine this with its thrilling promotions, and you get a platform that is worth signing up at.

PointsBet Minnesota

PointsBet entered the US betting market in 2019 after partnering with Meadowlands Racetrack. Headquartered in Australia, the platform is popular for its diverse betting markets that come with competitive odds. PointsBet also offers a unique but highly rewarding sports betting product, known as “PointsBetting”. Furthermore, its great user experience on desktop and mobile makes it a very desirable sportsbook.

FanDuel Minnesota

FanDuel has emerged as the leading brand in the U.S. betting sphere. It began as a fantasy sports website in 2009 but has since extended into the sports betting market. Currently, its sportsbook is one of the most popular, thanks to its clean user interface, a vast range of betting options, and secure payment methods. Additionally, it offers various promotions that may award risk-free bets or matched bonuses.

FAQ

Do risk-free bets in MN come with wagering requirements?

Yes. Risk-free bets, just like other types of betting bonuses come with wagering requirements. This is where you are required to play through the bonus a certain number of times. Apart from wagering requirements, these betting offers also come with odds requirements and expiration dates.

Are risk-free bets worth taking in MN?

Yes. Risk-free bets are worth taking advantage of in Minnesota as they offer many advantages. Firstly, they increase your bankroll, which means you can prolong your betting experience at a sportsbook. In addition, they give you another chance to bet on your favorite sports, which may translate to greater winnings.

Do I need to deposit for a risk-free bet in MN?

Yes. Before you can qualify for a risk-free bet bonus, you must deposit some funds into your betting account. Normally, the amount to deposit will vary from sportsbook to sportsbook. This means you must check the terms and conditions of the specific site to know about the minimum and maximum limits on deposits.