Last November, SI Sportsbook, which had recently opened up shop in Colorado, offered one of the largest sportsbook sign-up bonuses in the short history of legalized online sports betting in America.
The offer was simple: Bet up to $7,500 on your first wager, and if you lose, you get a “free bet” back for the amount lost. It was the typical “risk-free” (read: not risk-free) offer, for an atypical maximum amount.
Not Exactly 'Risk Free': Demystifying Sportsbook Bonus Terminology – Sports Handle https://t.co/H79KbiROca pic.twitter.com/nUWev87ScW
— Peter Went (@Bank_Risk) May 3, 2019