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Risk-free bets in Hawaii

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Hawaii has yet to legalize online sports betting, but it’s unlikely to be far in the future. When the inevitable happens, and sports betting does become legal in the state, it’s a good idea to be prepared. One of the things you should be aware of is the different bonuses likely to be offered by HI sportsbooks.

One such bonus is the risk-free bet. Keep on reading to discover all about risk-free bets in Hawaii and how to get your hands on one.

How do risk-free bets in Hawaii work?

Risk-free bets in Hawaii are a way to try out a sportsbook, bet, or sporting event without risking too much of your own money. However, despite the name, there is risk involved as you do have to deposit and play with your own money first.

Essentially, you will need to place a qualifying bet with part of your own bankroll. Then, if this bet wins, you simply claim the winnings and go on as normal. However, the difference is if you lose. A loss means that the betting site in Hawaii will refund you the entire amount you placed as a stake on that first bet. This then means you have the same amount of money again and therefore you can then use it to place a second bet. Thus, you get to place the first bet without any risk as you’ll get a second chance if you fail.

The only downside is that once you use that second bet, it’s no longer risk-free. Lose that second bet and there are no more refunds from the sportsbook. Additionally, all risk-free bets in Hawaii do come with terms and conditions such as wagering requirements (the number of times you need to play through winnings), maximum bet size, and even caps on the maximum amount that you can win.

It is imperative that you meet the terms and conditions laid out by the sportsbook. If you don’t, then you run the risk of losing the risk-free bet completely. And, if you do win money from it and don’t meet the requirements, then you will find that the winnings aren’t paid out to you.

How can I get a risk-free bet at Hawaii sportsbooks?

So, you’ve taken a look at what risk-free bets in Hawaii are and have decided that this is the type of bonus for you and all you have to do is get your hands on one. Follow the steps below to grab your risk-free bets in Hawaii and get started online quickly and easily.

  1. Check out our list of risk-free bets: We have gone through all the different HI sportsbooks and their risk-free bets. Our list contains the top platforms as we carefully check out all the terms and conditions attached. We also ensure that the sportsbook as a whole offers a wide array of betting markets, and sporting events, and is licensed within the state.
  2. Go to the website or app of a Hawaii sportsbook: After choosing where you want to play, visit the main site of that sportsbook. You can do this on your phone or via your desktop. We ensure that all recommended HI sportsbooks are compatible with all devices.
  3. Get started by creating an account: Clicking on the sign up button will take you to the registration form. Fill this out with your name, address, email, SSN, and so on. Then, make sure you have accepted all the terms and conditions to activate your account. You will then need to fund your account using one of the payment methods provided.
  4. Start playing with your risk-free bet: The risk-free bet is added to your account and to activate it, you will need to place that first bet. Depending on the sportsbook, you may also need to opt-in for you to claim the risk-free bet. Some sportsbooks in HI will require a promo code to claim, while others will add the bonus automatically after that first bet has been placed. To ensure you don’t miss out on claiming the risk-free bet, make sure you check the terms and conditions that come with it.

Why you should take advantage of risk-free bets at HI sportsbooks

It may sound a bit daunting having to use your own money to get a bonus, but risk-free bets in Hawaii come with a lot of benefits. Take a look at some of the main advantages of this bonus below:

  • You get a chance to play without risking your own money. While this is true to a point, it’s not entirely accurate. This is because initially, you will be playing with your own money. To claim a risk-free bet, you will need to make a real money bet to start. However, if it loses, you don’t lose that money but actually, get a refund which makes this type of bet much less risky than normal. The second bet is a second chance or freebie, as normally after a loss, you would have had to deposit again and potentially would lose more money.
  • Easy bonus to claim: A risk-free bet is very easy to claim. If the sportsbook offers it, you will just need to opt in or add a promo code to claim it. Then, making an eligible bet will give the chance to claim a second bet should the first fail.
  • Try new games for free: Because you get a second chance if the first bet goes astray, a risk-free bet is a great option to test other betting options. If you normally stick to the same type of bet, the same bet size, or the same sport, it’s the perfect opportunity to explore other options. That’s because, if it goes wrong, then the money is returned to you. For your second bet, you can simply return to familiar territory and make a bet more likely to succeed. The option to go for something different is excellent though, as you never know when it might actually pay off.

Is a risk-free bet better than a free bet at HI betting sites?

Yes, a risk-free bet is better to take on than a free bet in HI online gambling sites. This may sound counterintuitive as a risk-free bet requires you to spend your own money. But, in the long run, it’s definitely worth it when compared to a free bet.

This is because a risk-free bet can be much larger. With risk-free bets in Hawaii, you are required to make the deposit and place the bet, so you can make a larger deposit. Of course, the maximum amount will be capped by the sportsbook, so you will need to make sure you are meeting this requirement. What this means is that, if you do lose, the sportsbook will refund you the full size of the bet, so you get a second large bet. If you’re just using a free bet, you have to play with the small bet amount they give you and this can impact your winnings.

Additionally, risk-free bets in Hawaii tend to have more freedom. You’re able to place a wider range of bet types as well as place bets on any sports you like. Free bets, in contrast, tend to be severely restricted and limit you to one or two bet types. These free bets are also often linked to a specific event or sport as well. In the long run, you’ll get more out of a risk-free bet even if you do have to use your own funds.

FAQ

Are risk-free bets worth it at HI betting sites?

Yes, risk-free bets are definitely worth it at HI Betting sites. This is because risk-free bets in Hawaii are a great way of extending your bankroll and trying out different betting options. Even if you do lose, you get that second chance to try again.

Who is eligible for risk-free bets at sportsbooks in Hawaii?

You must be over the age of 21 to take on a risk-free bet in Hawaii sportsbooks. There will be other terms and conditions in place as to whether you are eligible too. These will depend on the sportsbook and the type of risk-free bet you're taking on. For instance, if it's a welcome offer risk-free bet, you also need to be brand new to that HI sportsbook.

Do I need to deposit money in order to use a risk-free bet at HI betting sites?

Yes, you do need to deposit money in order to use a risk-free bet at HI betting sites. This is because you need to place a bet first, which, if it loses, will be refunded to you by the sportsbook so that you can place a second bet.