Bet & Get up to $2000 in FanCash Bet Insurance
or Bet $25, Get $250 in FanCash
or Bet $25, Get $250 in FanCash
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No Sweat Bet
No Sweat Bets
& Second Chance Bets
Formerly known as risk-free bets, a No Sweat Bet or Second Chance Bet is a type of insurance players can use to guarantee a positive outcome on the first bet they place. If you lose, the sportsbook pays your funds back as a bonus.
Claim a No Sweat Bet / Second Chance Bet
Other bonus offers to check out
Sorting
| Bonus | Turnover | Minimum deposit | States | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
 Fanatics
4.4/5 | Turnover
1x | Minimum deposit
$10 | States    +20                     |
Get Up to $200 Back in FanCash Every Day for 10 Straight Days if Your Bet Loses (Up to $2,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/ MA/MI/NC/OH/PA/TN/VT/VA/WV/WY/DC only. Different offer available in NY. Must opt-in and make a qualifying wager of $1+. One qualifying wager per day. Qualifying cash wager must have odds of -500 or greater. If the qualifying wager settles as a loss, receive a non-withdrawable FanCash amount equal to your stake, up to a maximum of $200 per day. FanCash paid out within 72 hours of qualifying wager settlement. FanCash expires 7 days from issuance. See full Promo Terms and FanCash terms in the Fanatics Sportsbook app. | ||||||
 FanDuel
4.4/5 |
Bet $5, Win $300 in Bonus Bets | Turnover
1x | Minimum deposit
$10 | States +19 |
Place a $5 Wager and Get $300 in Bonus Bets If That Bet Wins 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $5 first deposit required. Promotion bonus will be credited to your account within 72 hours of settlement of Qualifying Wager. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel. | |||||
Bet365
4.5/5 |
Bet $5, Get $200 or $1,000 First Bet Safety Net | Turnover
1x | Minimum deposit
$10 | States +8 |
Choose your offer: Get $200 in Bonus Bets After Your First Real Money $5 Wager or Get up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. Different offer(s) available in IL/PA/TN. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $200 Bonus Bets. Must contain at least one selection at odds of -500 or greater. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expire in 7 days. Deposit required. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only, time limits and T&Cs apply. See full T&C at Bet365. #ad | |||||
 Caesars
4.3/5 |
Bet $1, Double Your Winnings on Your Next 20 Bets | Turnover
1x | Minimum deposit
$10 | States +15 |
Get 20 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code INSERT YOUR SITE'S PROMO CODE HERE. AZ/CO/IL/IN/IA/KS/KY/LA/ME/ MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive twenty 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars. | |||||
 Draftkings
4.4/5 |
Bet $5, Get $200 in Bonus Bets Plus 3 Months NBA League Pass | Turnover
1x | Minimum deposit
$5 | States +18 |
Bet $5+, Get $200 in Bonus Bets Instantly AND Over $200 Off NFL Sunday Ticket 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. Must register new DraftKings account to receive reward Token. Must select Token BEFORE placing min. $5 bet to get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings, and get max. $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Bonus Bet expires in 7 days (168 hours) and stake removed from payout. Token expires 12/7/25. Terms: sportsbook.draftkings.com/promos. NBA League Pass: Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/25 at 11:59 PM ET. Additional terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Offer ends 11/30/25 at 11:59 PM ET. Sponsored by DK. | |||||
BetMGM
4.1/5 |
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win | Turnover
1x | Minimum deposit
$10 | States +20   |
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win 21+. New users only. Offer available in AZ/CO/DC/IL/IN/IA/KA/LA/MA/MD/MI/ NC/NJ/OH/PA/TN/VA/WV/WY. Offer not available in NV/NY/PR. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500. Rewards are non-withdrawable bonus bets that expire in 7 days. See full T&C at BetMGM. 21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. NY: Call (877-8-HOPENY) or text HOPENY (467369). | |||||
 ESPN BET
4/5 |
Bet $10, Get $100 in Bonus Bets | Turnover
1x | Minimum deposit
$10 | States +17 |
Bet $10, Get $100 in Bonus Bets Win or Lose 21+. New customers in AZ/CO/IL/IN/IA/KS/KY/LA/MD/MA/MI/NJ/NY/NC/OH/PA/TN/VT/VA/WV/DC only. Players who place Eligible Wagers on the Eligible Games will receive $100 in Bonus Bets after their Eligible Wager(s) settle as a ‘win’ or ‘loss’. The Bonus Bet reward will be split into five (5) Bonus Bets valued at $20 each. Bonus Bets will be applied to the player's Account within 72 hours and must be used within seven (7) days of receipt. Limit one (1) Promotion Offer per Account. See full T&C at ESPN BET. | |||||
 Betrivers
3.8/5 |
Second Chance Bets Up To $500 | Turnover
1x | Minimum deposit
$10 | States +10 |
Up to $500 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Offer amount varies by state. Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA. Up to $250 bonus in CO/NJ Up to $100 bonus in AZ/IA/NY/OH/WV Must make a qualifying deposit of $10+ with promo code SBOBONUS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500. See full T&C at BetRivers. | |||||
 Sporttrade
4.1/5 |
Cash Back up to $100 Promo Code: SBOST | Turnover
0x | Minimum deposit
$5 | States +2 |
Earn 10% Cash Back up to $100 Over Your First 7 Days 21+. New customers only. AZ/CO/IA/NJ only. Deposit required. Earn 10% cash back on each qualifying wager through the first 7 days of betting, up to $100 ($1,000 to reach max value). The promotional period begins after the first wager. Cash back will be awarded within 72 hours at the end of the player's 7 day period as a single sum. See full T&C at Sporttrade. | |||||
 Hard Rock Bet
4.1/5 |
Bet $5, Win $150 in Bonus Bets | Turnover
1x | Minimum deposit
$5 | States  +6 |
Place a $5 Wager and Get $150 in Bonus Bets if your bet wins 21+. 1 per new customer. Offer available in AZ/IL/IN/NJ/OH/TN/VA. Void in ONT/OR/NH. Eligibility restrictions apply. $5+ first-time bet req. Max. $150 issued as 6 $25 non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. See full T&C at Hard Rock Bet. | |||||
 Desert Diamond
3.9/5 |
Bet $20, Get $100 | Turnover
1x | Minimum deposit
$20 | States |
Get $100 in Bonus Bets After Your First Wager of $20 or More 21+. New customers located in AZ only (excludes Indian lands). Minimum $20 deposit. Qualifying wager must be made with real money and meet minimum odds of -200 or longer. Bonus amount issued as five $20 bonus bets after qualifying wager is settled. Must stake Bonus Bets on wagers with odds of -200 or longer. Bonus Bets expire 14 days after issuance. See full T&C at Desert Diamond. | |||||
 Borgata
4.3/5 |
Bet $20, Get $100 Sportsbook Only Available in NJ | Turnover
1x | Minimum deposit
$20 | States |
Get $100 in Bonus Bets After Your First Real Money $20 Wager 21+. New customers only. NJ only. Qualifying deposit (min $20) required. First online real money wager required (min $20, odds -200 or greater). Bonus issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at Borgata. | |||||
 Crab Sports
3.7/5 |
100% Profit Boost up to $500 | Turnover
1x | Minimum deposit
$25 | States |
Get a 100% Profict Boost on Your First Bet up to $500 21+. New customers located in MD only. Minimum $25 deposit. Must make qualifying cash wager of at least $25 with odds of -125 or greater. Boosted winnings are immediately withdrawable. See full T&C at Crab Sports. | |||||
 Bally Bet
3.9/5 |
Bet $10, Get $50 in Bonus Bets | Turnover
1x | Minimum deposit
$10 | States +8 |
Get $50 in Bonus Bets After Your First Real Money $10 Wager 21+. 1 per new customer. Offer available in AZ/CO/IN/IA/MD/MA/NJ/NY/OH/TN/VA. Eligibility restrictions apply. Min. $10 deposit. Min. $10 qualifying wager with minimum odds of -250. Bonus bet tokens issued within 48 hours of settlement of qualifying wager. $50 bonus issued as two non-withdrawable $25 Bonus Bets. Bonus Bets expire 7 days (168 hours) after issuance. Bonus Bet stakes removed from payout. See full T&C at Bally Bet. | |||||
FAQ - No Sweat Bets & Second Chance Bets
What is a No Sweat Bet / Second Chance Bet?
A No Sweat Bet is a sportsbook welcome offer that let's you go out victorious from your first bet no matter what. If your first bet loses, the sportsbook will give you a second chance to use the same amount you lost on another bet.
Is a No Sweat Bet the same as a Risk-Free Bet?
Yes. Risk-Free Bets were rebranded No Sweat Bets / Second Chance Bets due to regulatory updates. The term "risk-free" was deemed misleading, and the online sportsbooks changed the names of their offers, but the concept is identical.
Is a Second Chance Bet the same as a Bonus Bet?
No. Second Chance Bets used to be called Risk-Free Bets, whereas Bonus Bets used to be called Free Bets. They are similar, but not identical.
A Second Chance Bet (Risk-Free Bet) gives the player an amount equal to the first qualifying bet if said initial bet results in a loss.
A Bonus Bet (Free Bet) gives the player an amount equal to the first qualifying bet, regardless if the outcome is a win or a loss.
What does a qualifying bet mean?
The qualifying bet means the first wager that you place after claiming the offer, provided that it follows the rules specified in the terms and conditions attached to the offer. If you follow the stated min/max amount, minimum odds and other specific terms, the bet will be qualifying.
Does my qualifying bet have to win/lose?
A Second Chance Bet works like an insurance, and is only awarded if your qualifying bet results in a loss. If you win, you receive the profits from the bet, but no Second Chance Bet.
When do I get my No Sweat Bet?
If you receive your No Sweat Bet or not depends on the outcome of your qualifying bet. This means that you have to wait for the result of the game to be determined. Seeing the score on the TV-screen is not enough, the odds provider who set the odds for the sportsbook have to provide the sportsbook with the official result. This might take up to a few hours after the game.
What is a No Sweat Bet?
A No Sweat Bet or Second Chance Bet is a type of bonus offer at online sportsbooks that works as an insurance for the first qualifying bet placed. After receiving a Second Chance Bet, it is applied to a bet slip. If the odds are on your side, you simply win your bet. If you were unlucky, the betting site will pay back the amount you lost. The idea is that the player will be rewarded regardless if the bet wins or loses. This is how it works:
- Claim a No Sweat Bet from a sportsbook
- Place a bet, and make sure that it's qualified
- Wait for the outcome to be determined
- If the bet is a win - the player wins the stake
- If the bet is a loss - the sportsbook pays back the stake
After the qualifying bet loses, players will receive a No Sweat Bet valued at the same amount that was bet, up to a specified limit. The bonus funds are usually non-withdrawable, but any potential winnings earned using the bonus funds can be withdrawn as cash.
The successors of Risk-Free Bets
Americans who have been in the betting game for a while might remember that Risk-Free Bets used to be a very popular type of sportsbook bonus. They might also have noticed that No Sweat Bets and Second Chance Bets seem to have the exact some concept, similar value and terms & conditions. That's because they in fact used to be called Risk-Free Bets; they're the same thing!
The reason is the worldwide trend of stricter gambling regulations and a bigger focus on the players as consumers with rights. Referring to something as "risk-free" can be considered misleading. Betting real money always comes at a risk, and since Second Chance Bets are non-withdrawable until they have been wagered, there is always a risk that you end up with nothing.
Like many countries in Europe, the United States government also ruled that the term "risk-free" bet is misleading, and banned the sportsbooks from using it in their marketing. But the truth of the matter is that No Sweat Bets and Second Chance Bets are just Risk-Free Bets with a new name. The same goes for Bonus Bets, which used to be called Free Bets.
The best Second Chance Bet available right now
Betrivers
Second Chance Bets Up To $500
Our favorite Second Chance Bet right now comes from the American sporsbook Betrivers, where new customers may claim a sign-up bonus worth up to $500 dollars. An initial deposit of at least $10 dollars has to made, and a qualifying bet with minimum odds of -200 placed and determined.
If the qualifying bet results in a loss, the player receives up to $500 dollars as a non-withdrawable Second Chance Bet, for another try at the sportsbook. The promotional code "SPORTS" have to be entered in order to claim the offer. The size of the bonus depends on your state:
- Second Chance Bet up to $500
IL/IN/LA/MD/MI/PA/VA
- Second Chance Bet Up to $250
CO/NJ
- Second Chance Bet up to $100
AZ/IA/NY/OH/WV
Full T's & C's apply and vary depending on state, visit BetRivers for more details.
Up to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SBOBONUS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SBOBONUS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.
How to claim and use a No Sweat Bet
1
Claim your No Sweat BetThe first step is so simply find a sportsbook that offer a No Sweat Bet you want to claim. The toplist found at the top of this page can help you find an offer available in your state. No Sweat Bets/Second Chance Bets can come either as a sign-up bonus when you become a member, or as a promotion for existing customers. Sometimes you might be required to enter a promo code in order to claim your bet. In these cases, you usually enter the code in a blank text-field while making a deposit.
2
Place the qualifying betAfter accepting the deal, you need to place the qualifying bet. Remember, the size of this bet will determine the size of your No Sweat Bet, should you lose. In order for the bet to be qualifying, it has to follow the rules listed in the bonus terms. This means staying within the minimum- and maximum amount, and being at- or above the stated minimum odds. If your bet does not follow these rules, it will not be qualified, and you won't get the bonus.
3
Wait for the outcomeIf you bet wins you won't receive anything from the sportsbook other than the profits that you earned from you wager. This is the big drawback of Second Chance Bets; if you don't lose, you won't get that second chance.
If your bet loses on the other hand, you will receive a Second Chance Bet with the same value as the bet you lost (up to the stated maximum amount). This bonus bet will be non-withdrawable, but you can use it to place a new bet in the sportsbook. If that bet wins, you will be able to withdraw the earnings.
Factors to consider when picking a No Sweat Bet
The maximum bonus amount
A No Sweat Bet will have the same value as the qualifying bet you place after accepting the promotion. But there is a limit. If the sportsbooks states that you can get a No Sweat Bet worth up to $200 dollars, and you have to wager at least $10, this means that you can bet (and receive) between $10-200 dollars.
The minimum deposit
In order to get any welcome offer at an online sportsbook, you have the deposit the stated minimum amount. For Second Chance Bets, this usually means around $10 dollars, but the amount varies between betting sites and states. Make sure to double check this in the T&C's, as depositing less than the minimum amount locks you out of the bonus.
The turnover requirement
Usually No Sweat Bets, Second Chance Bets and Bonus Bets don't have any turnover requirements, but it never hurts to double-check this in the T&C's.
Keep in mind however, that you have to place a qualifying bet to get the bonus, and that the size will depend on how much you wager. Let's say you place a $50 dollar bet and get a $50 dollar No Sweat Bet. This could be seen as 1x turnover requirement. But since the No Sweat Bet itself is non-withdrawable, it doesn't have a turnover requirement.
The minimum odds
The qualifying bet you place to receive the bonus usually has a minimum odds attached. If these odds are let's say -200, you have to place a bet at -200 or higher in order to get the bonus. There may also be a minimum odds placed on the No Sweat Bet you receive if you lose.
The validity period
Most bonus promotions at online sportsbooks have an expiry date. They usually last between 7 and 30 days from the day you register or claim the offer. If you don't use your bonus before this date, you will lose it.
The big downside - No loss, no bonus
The big downside of a No Sweat Bet compared to other types of offers, like a deposit bonus, is that bonus funds is no guarantee. A sign-up deposit bonus will always give you extra cash based on the size of your first deposit. But players only receive their No Sweat Bet if their qualifying bet loses.
In this sense, it might be reasonable to see a No Sweat Bet as a type of insurance rather than as a bonus. It guarantees that regardless if your first bet wins or loses, you don't come out empty handed. But a win only grants you the profits you would have received from that particular bet anyway.
Who can claim a No Sweat Bet / Second Chance Bet?
Different type of promotions are aimed at different types of players. Some offers are meant to entice new players to join the sportsbook, and some are designed to keep the existing customers happy and make them loyal to the brand.
No Sweat Bet sign-up bonuses
Most commonly, sportsbooks offer No Sweat and Second Chance as a sign-up bonus. These are aimed at new players, and usually only redeemable when making the first deposit.
No Sweat Bets for existing customers
If existing players are forgotten, they will soon head to another brand which offers more and better bonuses. For that reason, sportsbooks may also hand out No Sweat Bets to loyal customers. They usually require the player to make a deposit, and sometimes use a specific promo code.
No Sweat Bets as a referral bonus
Many sportsbooks offer some kind of a referral bonus. To claim these refer-a-friend deals, the player needs to find or generate a unique link on the sportsbook website or app. This link is sent to a friend, and when that friend joins the sportsbook, both players are rewarded with a betting bonus. No Sweat Bets, Second Chance Bets and Bonus Bets are common rewards for these type of programs.
