A: No. As long as you only bet the bonus money and don’t gamble your own funds, there’s no way to end up with less than you started. I recommend making one bet on each site, then withdrawing your money and closing your accounts immediately after each bet ends.
I don’t think this is accurate because most of these free bet offers require that you gamble your own funds to unlock the bonus (in VA, all but one require this—BetMGM, Barstool, and Unibet), and none of these sportsbooks lets you withdraw the bonus. There is a long discussion coming to this conclusion in KaseyShibayama’s comment thread but I really think it’s worth amending the actual post since I know there are EA’s who have lost money on this.
Re: this -
Q: Does this entail any financial risk?
A: No. As long as you only bet the bonus money and don’t gamble your own funds, there’s no way to end up with less than you started. I recommend making one bet on each site, then withdrawing your money and closing your accounts immediately after each bet ends.
I don’t think this is accurate because most of these free bet offers require that you gamble your own funds to unlock the bonus (in VA, all but one require this—BetMGM, Barstool, and Unibet), and none of these sportsbooks lets you withdraw the bonus. There is a long discussion coming to this conclusion in KaseyShibayama’s comment thread but I really think it’s worth amending the actual post since I know there are EA’s who have lost money on this.