Best Second Chance Bets 2023

Presenting the best sportsbook Second Chance Bet offers available today

Second Chance Bet Offers

Rank Bonus Turnover Min odds 
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

Up to $1,000 First Bet on Caesars

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website

Bet $5, Get $200

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website

10x $100 Second Chance Bets

Turnover: 1x bonus amount

Lowest odds: -500

Claim Go to website

2nd Chance Bet up to $500

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website

Up to $1,500 Back in Bonus Bets

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website

Bet $50, Get Up to $1,111 in Fred Bets

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website

1st Bet Reset of up to $250

Turnover: 1x bonus amount

Lowest odds: -300

Claim Go to website

$500 Second Chance Bet

Turnover: 3x bonus amount

Lowest odds: -300

Claim Go to website

Up to $1,000 in Matched Bets
Over Your First 5 Weeks
Promo Code: CLUTCH1000

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website

2nd Chance Bet up to $100

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website

What happened to Risk Free Bets?

You may have stumbled onto this page searching for "risk free bets" and now be asking yourself where all of those offers went. Well, these days sportsbooks cannot use the term "Risk Free" to describe their promotional offers.

Due to changes in advertising regulations, betting sites had to change the commonly-used catchphrase due to the simple fact that these offers did provide inherent risk. Since you were typically refunded in on-site credits that were non-withdrawlable, there was risk involved.

Now, these same types of offers are more accurately called "Second Chance" or "No Sweat" bets.

Frequently Asked Questions about Second Chance Bets

Quick answers to quick questions about second chance bet offers

What sportsbooks offer second chance bets?

Many sportsbooks now offer great sign up offers. Some of our favorites include:

Why are they no longer called Risk Free Bets?

Second Chance Bets used to be referred to commonly as "risk free" bets. However, regulators decided this was misleading, since the player had to lose real money in order to get their promised bonus, which was then non-withdrawable.

Now, risk free bets are called second chance or no sweat bets.

Can second chance bets be combined with other bonuses?

In most cases, you are only eligible for one sign up bonus per sportsbook. This includes online casino bonuses the majority of the time.

Some sportsbooks do, however, bring you on with a two-pronged sign up bonus, but this happens rarely.

The specific terms and conditions of each sportsbook's welcome bonus varies from case to case, so make sure to read up on the terms and conditions of each offer.

Must I deposit before getting my second chance bet?

Due to the nature of second chance bet offers, you will almost definitely have to make a deposit before you are eligible for a bonus.

Which is the best second chance bet offer?

That depends on what you're looking for. Some of our favorites include:

  • PointsBet - Your bonus lasts for several days
  • Caesars Sportsbook - The highest potential bonus value
  • Betway - your account refund can be split up into multiple small bets, instead of one or two large bets

There is no shortage of risk free bet offers available today, so we encourage you to read on and decide which offer suits you best!

How long does it take to get my reimbursement?

This can vary from book to book of course, but most sportsbooks try to refund your account within 72 hours.

Top Second Chance Betting Offers

Second Chance bets are win-wins for the sportsbook and the user, so they're often offered. In fact, I'd go so far as to say that they are the most popular sign up bonus on the market.

Luckily, we we've scoured every online sportsbook in the US and found a collection of second chance bet offers that we think users will appreciate and ranked them so you know which ones are really the most valuable. No more losing out on your bonus because of a technicality in the terms and conditions!

Check out some of the top second chance bets offers available today!

Best Second Chance Bet Offers

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. Up to $1,000 First Bet on Caesars

  2. Bet $5, Get $200

  3. 10x $100 Second Chance Bets

  4. 2nd Chance Bet up to $500

  5. Up to $1,500 Back in Bonus Bets

  6. Bet $50, Get Up to $1,111 in Fred Bets

  7. 1st Bet Reset of up to $250

  8. $500 Second Chance Bet

  9. Up to $1,000 in Matched Bets
    Over Your First 5 Weeks
    Promo Code: CLUTCH1000

  10. 2nd Chance Bet up to $100


While some sportsbooks label their offers as Risk Free, you should keep in mind that this is not literally the case.

The vast majority of these bonuses require the user to deposit and risk their own money. With so-called risk free bets, you will typically only get refunded in site credits, not cash.

So keep that in mind when going to claim your new bonus.

What is a Second Chance bet?

Second Chance bets are a lot like bet insurance. Typically, sportsbooks require you to make an initial wager. If your bet wins, congrats enjoy your winnings.

However, if your bet loses, a second chance bet offer ensures that you will be refunded your wager amount in non-withdrawable on-site credits.

In this way, you're able to test out a sportsbook knowing that you won't lose your entire wager outright.

It’s a sign up bonus that is becoming more and more popular with online sportsbooks, and they're actually one of the most commonly offered Super Bowl betting promos being offered today.

Featured Second Chance Bets

Caesars Sportsbook Second Chance Bet

Up to $1,000 First Bet on Caesars

Caesars Sportsbook is one of the country's top bookies for good reason: the fantastic odds, sleek mobile app, and superb payment options make it great for customers on just about every front.

Don't believe us? You can test out Caesars Sportsbook yourself! With a very high potential value, there's little doubt that you'll come out as a winner one way or another.

You can read our review below or just hit the 'PLAY NOW' button

Play Now

21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA/MA/MD/MI/ NJ/NY/OH/PA/TN/VA/WV/WY only. $10 minimum deposit required (min $10). Must place first real money (min. $10) wager within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as a single non-withdrawable bonus bet only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details.

PointsBet Second Chance Bet

10x $100 Second Chance Bets
Bets for Days

PointsBet is one of our favorite sportsbooks available in the US today. With a top-flight user experience and some of the most fun ways to bet on the web, PointsBet is one of the top dogs for sure.

PointsBet also features one of our favorite welcome offers on the market. Their offer gives you second chance bets for your first five days on the platform!

Play Now

21+. New customers only. CO/IA/IL/IN/KS/MD/MI/ NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 10 cash bets (first bet per day for 10 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $100 each. Full T&C apply, see sign up page for more info.

How do Second Chance Bets Work?

Second chance bets are fairly straightforward.

Most of the time, you are required to make an initial deposit and wager with your own money. If your first bet wins, go ahead and buy yourself something nice.

If you lose, your account will be refunded. Most of the time, your refunds come in non-withdrawable on-site credits. From there, you will need to fulfill the sportsbook’s playthrough or turnover requirement in order for your bonus money to be withdrawable as cash.

These offers allow you to try out a new sportsbook while making sure you’re not leaving yourself hung out to dry if your first bet loses.

What to Look for in a Second Chance Bet Offer

Not all second chance bet offers are created equal. Keep an eye out for some of these key elements when assessing your second chance bet.

  • Highest potential value - Obviously, sportsbooks will try to lure you in with a high potential value of their second chance bet. Caesars Sportsbook, for example, offers users an extremely high potential value. Keep in mind that second chance bets often match your initial wager. That means that you have to put down a lot of money upfront to reach the highest possible value of the offer.

  • Qualifying wager requirements - When making your initial wager, make sure you are fulfilling any minimum requirements. For instance, if a site requires a $10 minimum bet on your first wager to unlock the second chance bet, make sure you bet at least $10. Otherwise, you may miss out on your second chance bet offer.

  • Turnover requirement - Turnover is how many times you will have to wager your bonus amount in order to convert it into real cash. With second chance bets, there is typically only a 1x turnover requirement, but this can differ from sportsbook to sportsbook.

  • Flexibility - A huge thing to look out for is how flexible your sportsbook allows you to be with your second chance bet. Many sportsbooks refund your account with bet tokens instead of a single bonus bet for your wager amount. You can then split these up over multiple wagers to hedge your bets against losing your bonus money. This flexibility provides you with a lot more freedom in how you want to wager across the sportsbook.

There's always more to look out for, but these are some major elements you should evaluate when choosing a second chance bet offer.

Pro Tip

As always, I heartily encourage you to read the Terms & Conditions of your offer. Sportsbooks tend to do a pretty good job of making these easily accessible and straight to the point, so there's no excuse to get lazy here.

Educate yourself on the fine print and there will be no unpleasant surprises. Only 5 extra minutes of reading can save you a major headache down the road!

BetMGM Second ChanceBet

Up to $1,500 Back in Bonus Bets

Major casino chain MGM has made itself into one of the biggest brands in the world of US online sports betting with BetMGM.

With a great mobile app and some of the best parlay betting options of any sportsbook, you can try out BetMGM today.

If your qualifying wager loses, you will receive a series of bonus bets in 20% increments equaling the sum of your bet.

Play Now

21+. AZ/CO/IL/IN/IA//LA/KY/MD/MA /MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY or KS. New customers only. 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. Full T&C can be found on BetMGM.

FanDuel Sportsbook No Sweat Bet

Bet $5, Get $200

Daily fantasy giant Fanduel has made a huge splash in the world of legal online sports betting since the end of America's prohibition on gambling in 2018.

Today, FanDuel Sportsbook is one of the most dominant sports betting platforms in the country. If you're interested in trying out one of the industry leaders, make sure to take advantage of the FanDuel No Sweat First Bet on your way there.

We love FanDuel Sportsbook for its elite sports betting app, Same Game Parlay features, and regular daily promotions. We think you will too

Play Now

21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion Bonus will be credited to your account within 72 hours settlement of Qualifying Wager. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days. Bonus bets will be issued within 72 hours of bet placement. See full terms at

How to unlock a second chance bet


Choose your Sportsbook

Browse all of the options available to you here and decide which sportsbook suits you best. Some of our favorite sportsbooks with second chance offers include:

  • Caesars Sportsbook
  • PointsBet
  • BetMGM
  • FanDuel Sportsbook
  • Unibet

Secure your Bonus

After checking out the options, click the green 'PLAY NOW' or 'CLAIM' button associated with the sportsbook of your choice. Our link should lock in your welcome offer.


Create your Account

You'll need to set up your betting account by providing some basic information, such as:

  • Full Name
  • Email Address
  • Phone Number
  • Date of Birth
  • Residential Address
  • Last 4 Digits of Social Security Number

Depending on the regulations of your state, you may also be required to upload some sort of identification that proves you are old enough to bet legally.


Place your Qualifying Wager

To unlock your second chance bet, sportsbooks require that you first place a real-money wager.

Each betting site has its own set of rules about minimum bets and what kind of wagers will qualify you for your bonus, so always make sure to check your Terms & Conditions.


Enjoy your Winnings or Refund

If your qualifying wager wins, that's it - enjoy your winnings!

But if your qualifying bet loses, you're in luck. Second chance bets will refund your qualifying wager up to a certain dollar amount in non-withdrawable bonus bets. You will have to satisfy a turnover requirement to turn your refunded bet credits back into real cash.

Why are Second Chance Bet Offers so Popular?

Unibet Risk Free Bet

Unibet features second chance bets in all of their sign up bonuses

Second chance bets are growing in popularity as a sign up bonus because they provide a benefit for both the sportsbook and the user.

From the user perspective, you’re minimizing your own risk. By utilizing a second chance bet offer, you get to try out a new sportsbook while covering your bases and ensuring you won’t lose your entire first bet automatically. If you do lose, you'll get the chance to try and win your wager back.

These offers are a win-win proposition for the sportsbook and the user

From the sportsbook’s perspective, they don’t have to give anything away right off the bat to draw in a user. They draw in a new customer and get them to deposit and place a bet without giving up any assets themselves.

In fact, if the user wins his first wager, they don’t have to give away anything at all! Compared to other sign up bonuses, the sportsbook actually makes out quite well for itself.

Unibet Second Chance Bet

$500 Second Chance Bet

Founded in Sweden and known worldwide as a top online sportsbook, Unibet is now available in several states. Differing from much of the competition, Unibet has decided to personalize the user experience from state to state. For you, this means that you should sign up through your states personalized website, all of which are listed below.

New bettors to Unibet are treated to bonus offers featuring a second chance bet. Unibet New Jersey users are even refunded in real money, meaning there is absolutely zero turnover requirement.

We love Unibet for its customer support, casino options, and live experience, so we definitely recommend checking out their second chance bet.

Play Now

21+. New customers only. Welcome offers differ between states. Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info.

Existing Customer Second Chance Bets

While second chance bet offers are popularly used as a sign up bonus, you can occasionally find them offered to existing customers as well.

Oftentimes, you'll find second chance bets for existing customers branded more or less like bet insurance. Most sportsbooks will offer this type of wager for parlays.

Specifically, the same game parlay is a bet type that has become a bit more popular in recent years, so parlay insurance for same game parlays has become an extremely commonly offered sportsbook promotion.

Other Sportsbook Bonuses

While second chance bets are particularly popular right now, they're not the only sign up bonus offered to new users. In fact, there are numerous other sportsbook bonuses on the market!

Other popular sportsbook sign-up bonuses include Bonus Bets & Deposit Bonuses.

Sportsbook Bonus Bets

The Bonus Bet is one of the most valuable sportsbook sign up bonuses available to new users, although is not offered very frequently.

Usually, bonys bets try to lure new players in by promising them the chance to test out the betting site with minimal investment necessary. In this way, the new user gets to test out the platform all while not taking on any risk at all.

The value is low for the sportsbook as they run the risk of giving away bonus money to a user who may or may not return to invest any of their own capital.

This method was more popular in the early days of legal online sports betting in the US. At the time, there was a mad dash to acquire customers, particularly those new to betting. Bonus bets were especially attractive to this demographic who may have been more afraid of risk.

Sites like Barstool Sportsbook and Bet365 still offer these sign up bonuses to new users.

Sportsbook Deposit Bonuses

Deposit bonuses are another common sportsbook bonus betting sites will offer to new users.

Here, the sportsbook will observe how much money you place into your account with an initial deposit. From there, the betting site will usually match that amount, onlu up to a certain extent.

More user-friendly than the second chance bet, but less generous than the bonus bet, deposit bonuses are offered by sites like DraftKings Sportsbook and BetRivers.