![]() The refund is usually for the entire value of the first bet, but sometimes it can be for a percentage of the value. However, if it turns out to be a losing bet, the sportsbook will refund the value of the bet. In a typical refund bet offer, a player places his or her first bet with their own money. The refund bet is essentially insurance on your first bet, which reduces the risk of loss, or sometimes fully mitigates any risk. This is a creative offer which is available at a few sportsbooks. ![]() Refund BetĪ refund bet is also interchangeably referred to as the first bet refund bonus. However, a few sportsbooks are now going the extra mile and offering deposit bonuses on the first three or even the first four deposits post-signing up. ![]() Usually, the bonus is credited upon the player’s first deposit. Deposit bonuses are commonplace as welcome offers at sportsbooks.
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