Best Second Chance Bets 2023
Presenting the best sportsbook Second Chance Bet offers available today
Second Chance Bet Offers
Rank | Bookmaker | Bonus | Turnover | Min odds | ||
---|---|---|---|---|---|---|
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. | ||||||
1 |
![]() Caesars Sportsbook | Up to $1,000 First Bet on Caesars | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 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. |
2 |
![]() FanDuel Sportsbook | Bet $5, Get $200 | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 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 sportsbook.fanduel.com. |
3 |
![]() PointsBet | 10x $100 Second Chance Bets | Turnover: 1x bonus amount | Lowest odds: -500 | Claim Go to website |
T&C Apply 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. |
4 |
![]() BetRivers | 2nd Chance Bet up to $500 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/ MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. 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 ($250 in CO/NJ, $100 in NY/OH/AZ/WV/IA). Full T&C apply, see BetRivers for more details. |
5 |
![]() BetMGM | Up to $1,500 Back in Bonus Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 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. |
6 |
![]() Betfred Sports | Bet $50, Get Up to $1,111 in Fred Bets | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New customers located in AZ/CO/IA/MD/OH/VA only. Bonus not available in PA. Minimum $50 deposit required. Eligible customers will receive $111 in Fred Bets, as three $37 Fred Bets, upon settlement of their first $50 cash bet AND 50% back on combined total net losses per week, up to $200 in Fred Bets per week, for five consecutive calendar weeks, beginning on the date of their first bet. Full T&C apply. |
7 |
![]() Betway | 1st Bet Reset of up to $250 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 21+. New customers only. AZ/CO/IN/IA/NJ/PA/VA. Different offer available in OH. Must make a qualifying deposit of $10+. Must make qualifying cash wager at odds of -300 or greater. Qualifying Wager must settle within 7 days of opening a new Betway account. The amount of the settled losing bet will be credited back in the form of non-withdrawable bonus bets. Full T&C apply, visit Betway for more details. |
8 |
![]() Unibet | $500 Second Chance Bet | Turnover: 3x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 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. |
9 |
![]() ClutchBet | Up to $1,000 in Matched Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+. New customers only. CO only. Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $200 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $1,000). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement. Full T&C apply, visit ClutchBet for more details. |
10 |
![]() PlaySugarHouse | 2nd Chance Bet up to $100 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New Customers Only. CT only. Must make a qualifying deposit of $10+ with claim code SPORTS. 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 $100. Full T&C apply, see PlaySugarHouse for more details. |
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.
Up to $1,000 First Bet on Caesars
T&C Apply21+ 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.
Bet $5, Get $200
T&C Apply21+ 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 sportsbook.fanduel.com.
10x $100 Second Chance Bets
T&C Apply21+. 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.
2nd Chance Bet up to $500
T&C Apply21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/ MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim code SPORTS. 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 ($250 in CO/NJ, $100 in NY/OH/AZ/WV/IA). Full T&C apply, see BetRivers for more details.
Up to $1,500 Back in Bonus Bets
T&C Apply21+. 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.
Bet $50, Get Up to $1,111 in Fred Bets
T&C Apply21+. New customers located in AZ/CO/IA/MD/OH/VA only. Bonus not available in PA. Minimum $50 deposit required. Eligible customers will receive $111 in Fred Bets, as three $37 Fred Bets, upon settlement of their first $50 cash bet AND 50% back on combined total net losses per week, up to $200 in Fred Bets per week, for five consecutive calendar weeks, beginning on the date of their first bet. Full T&C apply.
1st Bet Reset of up to $250
T&C Apply21+. New customers only. AZ/CO/IN/IA/NJ/PA/VA. Different offer available in OH. Must make a qualifying deposit of $10+. Must make qualifying cash wager at odds of -300 or greater. Qualifying Wager must settle within 7 days of opening a new Betway account. The amount of the settled losing bet will be credited back in the form of non-withdrawable bonus bets. Full T&C apply, visit Betway for more details.
$500 Second Chance Bet
T&C Apply21+. 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.
Up to $1,000 in Matched Bets
Over Your First 5 Weeks
Promo Code: CLUTCH1000T&C Apply21+. New customers only. CO only. Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $200 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $1,000). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement. Full T&C apply, visit ClutchBet for more details.
2nd Chance Bet up to $100
T&C Apply21+. New Customers Only. CT only. Must make a qualifying deposit of $10+ with claim code SPORTS. 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 $100. Full T&C apply, see PlaySugarHouse for more details.
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
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

PointsBet Second Chance Bet
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!
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.

BetMGM Second ChanceBet
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.

FanDuel Sportsbook No Sweat Bet
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
How to unlock a second chance bet
Choose your Sportsbook
Secure your Bonus
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
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?
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
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.
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.