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As competition heats up among US sportsbooks, operators are throwing more crazy promotions at players to get them to join over a rival. One of the best examples of these is a $1,000 Risk Free Bet.

With the rise in popularity of online sports betting in the US, online sportsbooks offer several bonuses and promotions to encourage bettors to sign-up. These bonuses often appear in different formats, but one of the most prominent is risk-free bets. If you are looking to kick off your online gambling experience or searching for a new operator, free bets are an excellent way to begin, especially when they can be worth up to $1,000. Risk-free sportsbook bets vary in the amount they are worth. You will typically see online sportsbook sites offering sports bettors $500-risk-free bets to entice them to their platform. What could be better than a risk-free bet worth up to $500? How about a $1,000 risk-free bet.

One of the most generous offers available is a $1,000 risk-free bet. Some sportsbooks may refer to their welcome bonus or ongoing promotions as different things, but essentially a risk-free bet and a free bet are the same. Using a risk-free bet worth up to $1,000 means if your first wager loses, the operator will refund you up to the value of $1,000.

This article covers how risk-free bets can differ, the most appealing $1,000 risk-free bet offers available and if they require sportsbook promo codes, and how to decide the best one for you.

Best $1,000 Risk-Free Bets

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Up To $1,000 Risk Free Bet
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21+. T&C Apply
  • Convenient banking
  • Massive choice of sports
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Up To $1,000 Deposit Bonus
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21+. T&C Apply
  • The best sportsbook
  • Amazing odds & offers
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$1,000 Risk Free First Bet
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21+. T&C Apply
  • Promo Code: GAMBLEUSA
  • Super fast payouts
  • Live streaming
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Claim A $1,000 Risk-Free Bet
  • Sports Betting & Casino
  • In-game betting
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New Player $1,000 Risk-Free Bet
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21+. T&C Apply
  • Huge free bet offer
  • Live betting & Odds boosts

As we have mentioned, as well as providing standard promotions such as an odds boost or excellent live betting options, most online sportsbooks provide generous bonuses. We have listed the online sportsbooks below that offer fantastic wagering options in addition to a superb promo bonus of $1,000 in free bets.

FanDuel Sportsbook – $1,000 Risk Free Bet

The FanDuel sportsbook app has grown to become one of the mark-leaders, and it isn’t hard to see why. Anyone who signs up for a FanDuel sportsbook account can claim a FanDuel $1000 risk-free bet. This bonus is reserved for new users and is one of the highest bonuses in the industry. The lack of playthrough requirements makes this offer so generous, and you can withdraw your winnings instantly if you wish. Use our links to claim this offer today with no FanDuel 1000 promo code needed.

If a FanDuel sportsbook promo code is ever required for this offer, we will update this page. Currently, there is no code needed, and you also don’t need to search for FanDuel $1000 risk-free bet Reddit to get your hands on this offer.

Claim now at fanduel.com/sportsbook

FanDuel $1,000 Risk Free Bet

DraftKings Sportsbook – $1,000 Risk Free Bet

Like the FanDuel online sportsbook, DraftKings is among the most popular sports betting brands in the US. The company is known for its daily fantasy sports contests and now has an excellent DraftKings sportsbook app and online platform offering several betting options. New players will be rewarded with a deposit bonus worth up to $1,000. As soon as you make your real money deposit, the operator will credit your account with $1,000. No need to use a DraftKings Sportsbook Promo Code, just sign up and register an account to claim.

Claim now at sportsbook.draftkings.com

BetMGM Sportsbook – $1,000 Risk Free Bet

BetMGM is the sister company of MGM Resorts International, which has been a leading brand in the US gambling industry for over 30 years. In a joint venture with UK gambling operator GVC Holdings, they launched the BetMGM Sportsbook app in New Jersey in 2018, and has since gone on to launch in over 12 states. In addition to daily odds boosts and a range of types of bets, such as parlay bets, new players can take advantage of a risk-free bet worth $1,000.

Use the BetMGM promo code GAMBLEUSA to get instant access to this generous offer.

Claim now at betmgm.com

BetMGM $1,000 Risk Free Bet

WynnBet Sportsbook – $1,000 Risk Free Bet

The WynnBet brand has been expanding recently, with the company acquiring UK sportsbook BetBull in 2020. As with other sportsbooks, WynnBet provides a generous welcome bonus to attract bettors to their platform. Once you have signed up, you can claim the WynnBET $1,000 risk-free sports bet. Once your registration is verified and you place your first parlay bet, Wynn will refund your account up to the maximum in free bet credits. There is a WynnBET app for most mobiles and it’s one of the best betting apps on the market.

Claim now at wynnbet.com

TwinSpires Sportsbook -$1,000 Risk Free Bet Bonus

TwinSpires is a name etched into gambling in the US. They are owned and operated by Churchill Downs, Inc, the name behind the Kentucky Derby. TwinSpires offers online sports betting and horse racing in several states across the US, online and on the TwinSpires mobile app. New customers signing up to the book can claim a $1,000 matched risk free bet when using the promo code BET1000. Sign up is quick and easy and TwinSpires cover a great range of markets and sports including football, baseball, basketball, ice hockey, and loads more.

Claim now at sportsbook.twinspires.com

Free bets are fantastic for most purposes; however, any risk-free bet offered by licensed US Sportsbooks is not completely risk-free. Despite a lot of players believing the term ‘risk-free’ is too good to be true, some sports wagering options are better than others. How valuable a first bet that carries less risk depends on how you will be refunded if the bet loses. For example, if you register at the Barstool sportsbook and claim the Barstool risk-free bet, but the refund is given in increments as site credit rather than all at once, you may decide to place your sports wagers elsewhere.

Some punters prefer risk-free wagers over no deposit bonuses or matched deposit offers as it gives them a second chance if they lose on their initial bet and removes any pressure they may feel. It reassures people to see the bet value instantly refunded in their sportsbook account.

How does a $1,000 Risk-Free Bet work?

Several online sportsbooks offer risk-free bets as sign-up promotions. They are among the most popular bonus offers for bettors who are about to place their first sports wager in the US market. Essentially, they are opening sportsbook bonus offers to welcome new players. When a user places a sports bet and wins, they have won money that will be added to their account, no strings attached. However, if the bet fails, the operator will refund the customer in the form of “bonus cash,” site credit, or a “free bet to be for bets at the sportsbook.

Risk-free bets will appear in different amounts, usually ranging from $100 all the way up to $2,000 on various US sports betting sites. There will be terms and conditions attached to these offers, so you can’t bet up, and there will also be playthrough requirements before you place your first wager.

DraftKings Sportsbook $1,000 free bet

Example of using a $1,000 Risk-Free Bet

Let’s look at an example of using a risk-free bet. Your registration at a sportsbook has been verified, and you are ready to make your first deposit. You plan to bet on the Dallas Cowboys at -110. If the bet wins, you will get $955 (the original $500 bet plus the $455 in winnings) transferred to your account, which is eligible for withdrawal.

You might then decide to bet on the Bulls +5 at -110. If the wager wins, your account will show $500. You will not get the $500 stake from the “free bet” back as you would in the situation if the bet won and you had $955 in your account. This means by losing the Cowboys bet and winning the Bulls bet, in this example, you end up down $44.025 from your original deposit.

Strategy for $1,000 Risk-Free Bets

There is one way you can ‘beat’ these offers, so you are benefitting from a genuinely risk-free profit. To do this, you must do some research comparing the lines between different sportsbooks in the hope of finding an arbitrage situation where you can wager on both sides of the bet and guarantee that you will win.

These are difficult to find, but you may encounter another sports betting site offering a promotion or “odds boost” on an event or game that you can take advantage of if you do your research.

The best strategy for these types of offers can be broken down as the below:

  1. Bet as much as the offer allows. In this case, $1,000 (if you feel comfortable wagering that amount).
  2. Don’t wager any more than the maximum when using the offer (make another bet if you wish to wager more).
  3. Choose the type of bet you are using the offer on wisely. Even though it is risk-free, it is always nice to win.
  4. Try something new and bet on something you wouldn’t normally. There is no risk, so it’s a good chance to branch out.
  5. Use different operators. This way, you can claim several $1,000 risk-free bet offers.

Football crown winning

Terms & Conditions

Bonuses at most online sportsbooks come with various wagering requirements and T&Cs for their risk-free bet offers. You must pay attention to the fine print before handing over cash to the site. Site credit and free bets come with expiry dates, so make sure you don’t lose them before they expire. Ultimately, using a $1,000 risk-free bet is a fantastic way to begin your betting experience with a new operator. If you win, brilliant. If you lose your bet, you’re covered.