There’s no better way to wager on sports than when you’re making a risk-free bet. The top online sportsbooks provide various promos that can help you reduce or eliminate risks significantly by adding extra value to the table.
We consistently monitor the industry to find the best risk-free bet promotions online and update this post once a month. Keep reading for the latest risk-free and low-risk sports betting offers.
Best Low-Rusk and Risk-Free Bet Promotions Summary
Our favorite risk-free bets range from weekly free bets to insurance on losing bets, and there’s even $250 in free bet credits (no strings attached) to boost your new bankroll. Explore how you can qualify and claim each one below.
| Promotion | Terms | Claim |
|---|---|---|
| BetOnline’s $250 Free Bets No Strings Attached Offer | • 50% up to $250 on your first deposit • Free bets expire in 30 days • Includes 100 free spins in the casino | Claim Now |
| Sportsbetting.ag No-Hitter Promo | • If the opposing pitcher throws no-hitter and your team loses, receive a refund for up to $100 • Place at least a $5 wager on MLB • Bets must be made pre-game on moneyline or run-line markets | Claim Now |
| Everygame Free Live Weekly Tennis Bets | • Weekly $10 free bet every week during June • Wager $50 or more on live tennis single bets each week • Minimum odds of -125 required | Claim Now |
| Bovada Parlay Protection Insurance | • Make a parlay of 5+ selections in the NFL, NBA, NHL, MLB, and MMA • If just 1 leg loses, receive a refund for up to $100 • Minimum odds of -200 required per parlay leg | Claim Now |
BetOnline's $250 Free Bets No Strings Attached Offer
BetOnline is serving up one of the best risk-free bet promos this summer for new players. All new customers can enjoy this No Strings Welcome Offer that gives a 50% free bet credit on your first deposit up to a max of $250.
The risk-free bet offer doesn’t end there. You’ll also receive 100 free spins in the BetOnline Casino for additional chances to win. This part of the offer gives 10 free spins per day for 10 days. Simply use promo code FREE250 and make a minimum deposit of $50 on your first deposit.
NBA and MMA Insurance Promos
BetOnline also offers multiple sport-specific low-risk betting promotions. Take advantage of the NBA One-Point Payback offer. This promo covers pre-game moneyline wagers on the NBA Finals of at least $5. If your team loses by just a single point, BetOnline will refund your wager for up to $100.
BetOnline is offering another similar promo in the UFC. The Split Decision Refund returns losing moneyline wagers of $5 or more made on select UFC main card pay-per-view events. Refunds are issued for up $250 should the bout come down to a split decision.
Sportsbetting.ag No-Hitter Promo
Sometimes teams and sports bettors come up against an immovable object. In baseball, that may be a pitcher that is dialed in and throws a no-hitter. Did you come out on the losing side of an epic no-hitter performance? Sportsbetting.ag has you covered with their MLB No-Hitter No Problem promotion.
To take advantage of this risk-free insurance, simply wager at least $5 on any MLB moneyline or run line pre-game during the regular season or playoffs. If the opposing pitcher throws a no-hitter and your game has gone at least 8.5 innings, Sportsbetting.ag will refund your wager within 72 hours for up to $100.
Only straight bets count for this promotion and bets on segments of a game like innings or live bets don’t qualify.
Everygame Free Live Weekly Tennis Bets
June is a big month on the tennis calendar. Roland Garros takes place at the start of the month and Wimbledon gets underway at the end of the month. The ATP and WTA Tours will be packed with action between the slams as well.
To celebrate, Everygame, one of our top tennis betting sites, is offering customers a weekly free bet for live tennis bets all month.
Simply wager at least $50 on live tennis singles bets on any event from June 2-29, 2025. Bets with minimum odds of -125 qualify for a $10 risk-free bet the following week. Pre-match and in-play parlay bets are excluded.
Remember to check your email as risk-free bet promo codes will be shared in the Everygame newsletter. Wagers made between Monday to Sunday each calendar week qualify for this promotion. Only one free bet will be issued per week, with a required rollover of 8x and minimum odds of -200.
Bovada Parlay Protection Insurance
We’ve all been there. Hunting for that big parlay payday and coming so close but losing on the final leg. Bovada is offering insurance on parlays with a minimum of five legs.
If your 5+ leg parlay falls short by one leg, Bovada will issue a bonus refund for up to $100.
There’s no better US online sportsbook to make your NBA, NHL, MLB, NFL and MMA parlays. In fact, your qualifying parlays can even include picks across multiple sports.
All parlay legs must be made pre-game, in the categories of spread, moneyline, or total, and have minimum odds of -200. Should any leg of your parlay result in a push, the promo becomes void.
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