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Many other sportsbooks would credit the $500 back to you as a single $500 “free bet,” meaning you’d have to wager it all at once in an effort to win back your money. Also, note that on these “risk free” bets, sportsbooks don’t credit you back the actual $500. Rather, let’s say after taking the L, you bet the Steelers at -110 to beat the Ravens the following week.
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