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In response to this backlash, some sportsbooks have subtly rebranded their promotions. FanDuel and DraftKings switched from “risk-free” to “no sweat,” and BetMGM now offers new customers “up to $1,000 paid back in bonus bets” if their first bet loses. Critics say these modified offers continue to obscure the risk involved. No Deposit Free Bets & Responsible Gambling In the world of betting promotions, it's crucial to understand the difference between a free bet and a deposit bonus. Free bets are prevalently offered by bookmakers to encourage both new and existing customers to bet with them. When using a free bet, note that the stake is not returned. If you place a £10 free bet with even odds (2.0), you'd receive £10 instead of £20, as the free bet stake is deducted.