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Risk-free bets in Connecticut

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In the fall of 2021, Connecticut legalized sports betting. A number of sportsbooks have started their operations in the state with various bonuses. Risk-free bets in Connecticut are one of the favorite bonuses among bettors due to their nature.

This guide will provide you with information about risk-free bets in Connecticut, how they work, their types, and wagering requirements. In addition, this guide will also guide you on how to choose the best risk-free betting site.

Risk-free bets explained

Risk-free betting has an easy-to-understand idea. If you lose your bet, your CT online sportsbook will refund your bet. However, this refund will only be up to a certain amount. Refunds can be made in the form of free bets, cash, or site credits.

In terms of net value, risk-free bets are one of the most appealing promotions. These risk-free bets can change the game for newcomers in Connecticut since they are risk-free. Risk-free betting is especially beneficial for new players. They allow you to place bets without worrying about losing money, and you can probably win money while getting the feel of the betting procedure.

Most sports betting sites allow you to start with a risk-free bet up to a certain amount. Suppose a player bets $500 and receives a risk-free $500 bet in return. Therefore, the bettor bets $500 to get the full advantage of a risk-free bet. If the bettor wins the bet, he will get the most out of it. However, if the bettor loses the bet, he will get a refund of $500 in cash, site credits, or free bets.

Types of risk-free bets on CT sportsbooks

There are two types of risk-free bets in Connecticut that punter will usually find. Let’s look at them in detail:

  • Standard risk-free bet – You must first fund your sports betting account in order to benefit from this risk-free wager. Then place a risk-free bet as your first wager. Now, in the event that your wager is unsuccessful, you will get free bets or site credits that you can use on various sports. However, the amount in the sports betting account will double if the game is a win. But you will have to satisfy the wagering requirements first to withdraw the winnings.
  • Risk-free bets with cashback – As the name suggests, the only difference between a cashback bet and a typical risk-free wager is that if you lose your stake, you will get it back in the form of cash. In other words, you will not get site credits or free bets. Cashback is favored by many gamblers over site credit and free bets. Most sportsbooks offer a calculator for matching bets. To do this, enter the sum you anticipate receiving (if you lose your bet). Refund policies vary from sportsbook to sportsbook, and the amount varies based on the offer.

How to claim a risk-free bet on Connecticut betting sites

There are mainly two methods to claim a risk-free bet at Connecticut gambling sites:

  • Sportsbook promo codes – The most common way to claim a risk-free bet on a Connecticut betting site is through the use of a promo code. When you find a promo code that unlocks a risk-free bet, you should enter it while making a deposit and the promotion will be added to your account once the transaction has been cleared.
  • Links to special offers – A link is another way to claim risk-free bets. This section contains links to special offerings that let players place wagers without taking any risks. This means that all you need to do is to click the ‘Claim bonus’ button, and your risk-free bet will be applied once you create an account and make a deposit.

Typical terms and conditions of risk-free bets

There are some specific terms and conditions you need to understand for risk-free bets in Connecticut. Each sportsbook has different terms and conditions and we will explain the most common ones below:

  • Wagering requirements – Wagering requirements are often attached to risk-free bets, and means that you will need to wager the wins you make from the bonus a certain number of times before you can withdraw.
  • Eligible games or bet types – One thing to keep in mind about risk-free bets is that their game selection sometimes has restrictions. These bets are only applicable to a select few sports, which reduces your options.
  • Expiration date – Risk-free bets always come with a time limit. If you don’t use the risk-free bets within that time limit, the bonus offer will expire. Therefore, read the terms and conditions carefully to know about the expiration date before you proceed.

FAQ

Can I get a risk-free bet on all betting apps in Connecticut?

No, you can’t get a risk-free bet on all betting apps in Connecticut. However, almost all of Connecticut's legal sportsbooks offer risk-free bets at some point during the year. In order to stay updated, visit this page frequently to find the latest bonuses that are on offer.

Is a risk-free bet and free bet the same thing on CT sportsbooks?

No, a risk-free bet and a free bet are not the same things on CT sportsbooks. With a free bet, you can place a wager at the sportsbook's expense. There won't be any compensation if you lose the bonus stake. If you do succeed, your online sportsbook account will only receive the net winnings.

Can I withdraw winnings from risk-free bets on sportsbooks in Connecticut?

Yes, you can withdraw your winnings from risk-free bets on CT sportsbooks. However, you will have to satisfy the wagering requirements and any other requirements of the bonus before you do so. Wagering requirements means that you need to wager your winnings a specific number of times before they are eligible for withdrawal.