A promotional offer frequently used by sportsbooks provides a form of wager insurance. Should the initial stake lose, the customer receives a refund, often in the form of site credit, allowing for subsequent wagering opportunities. For instance, if a patron places a $50 wager and it’s unsuccessful, they might receive $50 in site credit.
This type of promotion serves multiple functions for both the operator and the consumer. For the operator, it incentivizes new account creation and initial wagering activity. For the consumer, it mitigates the risk associated with a first bet, potentially encouraging larger initial stakes than would otherwise be considered. These offers have become increasingly prevalent as a method of attracting and retaining users in the competitive online gambling market.
