Sports betting: how to wager without losing money?

Bet without losing money.

💰Cash bonuses
💡Hedging your bets
🎉Keep an eye out for promotions
✍️Refer friends
📱Follow sportsbooks' social networks
✨Earn loyalty points

When you're new to sports betting, you're always looking for strategies to make sure you don't lose money. Obviously, if you want to play regularly, you'll have to be prepared to bet real money. For those who play less frequently, however, there are a few strategies for betting without losing money. Here's how:

Take advantage of cash bonuses
Hedge your bets
Keep an eye out for promotions
Follow sportsbooks' social networks
Accumulate loyalty points

Find out more about all these strategies below.

Cash bonuses

First of all, welcome bonuses allow you to play without losing a cent. However, you need to pay close attention to the conditions set by the sportsbooks. There are many promotions that refund your first sports bet if you lose, but in free bets. With these promotions, it's hard to hope to win back your first losing bet! In fact, you'll need to increase the odds with the free bet to recover your initial stake.

So you have to turn to cash bonuses. A good example of a cash bonus is this, when you lose your first bet with the sportsbook, it's refunded in cash. In other words, you won't lose a single cent. It's important to understand that when you lose your first bet, you get your initial stake back. And you can do whatever you like with it. You have the option of withdrawing this amount!

Other bonuses, given as free bets, can enable you to bet without losing money. We're talking here about double deposits. You'll receive an amount based on your first deposit. You can therefore easily play with this bonus, without impacting your starting capital.

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Hedging your bets

For this strategy, you'll need to be experienced... It's important to understand that hedging your bets isn't easy. The first way would be to find an overbet. In this case, you'll find a way of betting on the different outcomes and recovering your stake or making a profit on each outcome. Apart from boosted odds, this can be difficult to achieve as the offers are quite rare in the US.

There's another way to hedge your bets, when you're looking for big odds. Let's say you make a parlay bet of four selections and the first three go through. You can make sure that you play the opposite of the last remaining result, in order to make money either way. Admittedly, they won't be as big as they were, but you'll be sure to make them. And that's the most important thing!

Keep an eye out for promotions

To bet without losing money, it can be profitable to go and win some freebets. To do so, you'll need to keep a close eye on the various promotions offered by sports betting sites. Of course, you'll have to play for real money to start with. Then, depending on your success or your bets, you'll be able to get freebets. And with these, you can play without losing money.

It's worth noting that not all sportsbooks offer the same deals! So it's worth registering with several sites. As well as using the various welcome bonuses, you'll also be able to take advantage of the most profitable promotions on the market. This is also the way to go if you want to win regularly in sports betting.

Refer friends

There's one method that's sometimes overlooked. Many sports betting sites have introduced a refer-a-friend offer. And it's not difficult to understand how this promotion works. Customers must invite their friends to their sportsbook. The referral must then carry out a few essential tasks, such as registering, making a first deposit or confirming the player account.

Once the referral has completed all the mandatory tasks, he or she enables the referrer to enjoy a nice sum of money, usually in free bets. And that's enough to put a smile on any player's face! In fact, apart from having given his referral his referral code, he doesn't have to do a thing. And afterward, he'll be able to play without losing a single dollar.

Follow sportsbooks' social networks

If you're used to online sports betting, you should certainly know. The biggest sports betting sites, like FanDuel or DraftKings, are very active on social networks (Facebook, Twitter or Instagram). And from their accounts, they don't fail to win a few free bets. To do so, you won't need to spend a single cent. All you have to do is carry out the mission requested by the sportsbook, which will have no impact on your player account.

And if you're lucky, you might even get a free bet. There are other ways to get a free bet without playing on the site, such as the FanDuel TV programs. During the various programs, the sportsbook offers free bets to its customers. When you have the time, don't hesitate to follow the programs to try to win free bets.

Earn loyalty points

This is the last thing you need to know! Many sportsbooks award their customers loyalty points. To collect points, you'll need to play for real money. Depending on the odds and the initial stake, the customer will be entitled to a few points. And of course, these loyalty points are worth their weight in gold! They can be exchanged for various prizes, sometimes including match tickets or expenses-paid vacations. And then there are the free bets!

Several operators offer free bets. These include DraftKings, FanDuel, BetMGM and Caesars Sportsbook. If you play for a long time on these operators, be sure to ask about your loyalty points. There's the possibility of getting some nice surprises, so you can play the way you want without losing money, after acquiring free bets.

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