$500 Risk Free Bet

• Risk Free Rate Historical Data
• Fanduel $500 Risk Free Bet

After registering with BetMGM in a regulated state, you will be eligible for a risk-free bet on your first wager. The offer goes up to $500, so the bookmaker encourages newcomers to start big. You can ‘PointsBet’ over 214 passing yards risk-free up to $500 with this offer. The more you’re right, the more you win and vice-versa. For example, if you bet $20 and he throws 220 yards, you’d win $120 (6 yards x $20). If he throws for $200, you’d typically lose $280, but since this is risk-free up to $500 you’d lose nothing. After registering with BetMGM in a regulated state, you will be eligible for a risk-free bet on your first wager. The offer goes up to $500, so the bookmaker encourages newcomers to start big.

Bonuses and Promotions

ELITE Sportsbook is offering a new sign up bonus to customers who sign up and place their first real money wager now through January 31st, 2021. If graded as a loss, the bet will be risk free and customers will receive a Free Bet equal to their loss up to $500. This offer is subject to our House Rules and promotional terms.

Odds VS. The Competition

Market Depth & Variety

Deposit & Cash Out

Mobile App

Bottom Line

WynnBET is a hidden gem in Michigan’s sports betting market. It has an easy signup process and deposits and withdrawals are straightforward, too. WynnBET’s odds are hit or miss. They tend to be among the best or worst with little in-between. Its list of sports and leagues are lacking, but that’s common among new launches and young brands. The app is a little glitchy, too, but that can improve over time. WynnBET isn’t the most polished sportsbook Michigan has to offer. But its best odds will pleasantly surprise bettors.

See WynnBET in Action

WynnBET Sportsbook Michigan Promo Code 2021

WynnBET offers a $500 risk-free bet. If Michigan bettors lose their first wagers, they can get their stake refunded up to $500. Bettors will be refunded in site credits, so it’s not free cash. Bettors have to use it for betting. Of course, terms and conditions apply.

WynnBET Sportsbook Bonus & Promotional Grade

Risk-free bets are the easiest bonuses for bettors to understand. (It’s nothing personal. They usually have the least obnoxious terms and conditions.) If bettors lose their first bets, then they’ll have their wagers refunded in site credits. The site credit detail is important. Bettors shouldn’t make the mistake of thinking that WynnBET will award them free cash. Whatever bettors get out of their risk-free bonuses must be used for sports betting. The resulting winnings will be fair game, but the site credits themselves won’t be.

WynnBET’s risk-free bet awards a medium amount of site credits compared to Michigan’s competition. It’s half of FanDuel’s risk-free bet but double Golden Nugget’s. $500 is a common risk-free bet size, so bettors can feel confident about the deal they’re getting if they win the bonus.

Michiganders can also take advantage of promotions for WynnBET’s casino tab. But don’t mix the promotions up. The $1,000 deposit bonus and $200 credits are for the casino, not the sportsbook.

Bettors must also remember that risk-free bets are only good for their first wagers. That means it could be smart to bet big upfront and either enjoy a big win or maximize the site credits available for subsequent wagers.

WynnBET Odds VS. The Competition

Some sportsbooks have odds that land in the middle of what the competition offers. But Wynn Bet’s odds have an unusual pattern. They either have the best odds or some of the worst depending on the line. Here are some examples from MLB American League futures from a representative sample of odds:

This is a small slice of the full selection of odds. It has the worst odds on the Rays, but the best on the White Sox. It also ties with William Hill for the best futures on the Twins and Athletics. Wynn Sports has made itself a must-check sportsbook for Michiganders seeking the best value for their wagers.

MichiganSharp.com Is Officially Licensed By Michigan Gaming Control Board To Promote Legal Sports Betting In Michigan

WynnBET Sportsbook Market Depth and Variety Grade

Wynn Bet’s greatest weakness is its small selection of sports and leagues. Bettors will find the core professional sports that are most popular among Americans. But besides football, basketball, baseball, and hockey, bettors won’t find much. Soccer, MMA, golf, and tennis are all that’s left. Leagues within these sports improve an otherwise limited selection of betting options. For example, bettors will find college and professional basketball tucked in the basketball section. While that may seem obvious, many sportsbooks list college leagues in their main sport categories. It makes them easier to find.

Compare that to other sportsbook brands like Barstool Sportsbook. Barstool Sportsbook has more than twice the number of sports to bet on. Its full selection of leagues dwarfs Wynn Bet’s. Other major brands have larger selections, too.

Wynn Bet’s odds help make up for this shortfall. However, bettors who wager outside the mainstream sports won’t find what they’re looking for. Even rugby fans will have to look elsewhere for their lines.

However, this is a common flaw among casino sportsbook brands. Sportsbooks need oddsmakers with expertise in the sports offered. Sport selections can also expand over time as sportsbooks address sport and league shortages. Expect this to improve over time.

WynnBET Deposit and Cashout

Risk Free Rate Historical Data

Wynn Bet offers few deposit and withdrawal options. While it’s common to have few withdrawal options, having only three deposit options is a liability. Especially in a new market where early competitive advantages are critical to long-term success. Wynn Bet’s deposit options include:

• Credit/Debit Card
• eCheck
• Play+ Card

This is probably a result of Wynn Bet’s commitment to account security. The last two deposit methods are the two withdrawal methods because they’re tied to bettor identities. (Anyone who’s had to replace a hacked card can figure out why credit and debit cards aren’t withdrawal methods.) For clarity, the Wynn Bet withdrawal methods are:

• Play+ Card
• eCheck

These are characteristically secure withdrawal methods that ensure sportsbooks pay the individual named on the account. (We’ll get to why that’s important in a few hundred words.)

Other sportsbooks allow online wallets like PayPal and Skrill to deposit funds. Online banking is also a common deposit and withdrawal method missing from this list. Rounding out financial transfer options to include these would give Wynn Bet bettors more flexibility moving money around.

WynnBET Sportsbook Mobile App

Wynn Bet is on its way to having a great app. Navigation is straightforward. The home page opens with popular game lines with an option to switch to upcoming game lines. At the bottom of the app, bettors can switch to live game lines where Wynn Bet has one of our favorite features. The live betting screen doesn’t only tell bettors which leagues have live games. They also tell bettors how many live games are in each category. This is an underrated feature that helps bettors tell whether their desired game is offered, hidden, or unavailable.

However, the Wynn Bet app has one funky feature. Most sportsbooks have an A-Z sports list that lets bettors scroll through available sports and leagues. Wynn Bet has it too, but it’s hidden in the search tab. It’s a clunky hiding spot for an otherwise common feature. Leagues also don’t have collapsable tabs. So, bettors scrolling through the soccer section have to scroll past all the English, Spanish, Italian, and German leagues. They can’t collapse menus and skip down to the French leagues.

Wynn Bet also showed an error screen when we hit the basketball page during this review. These are all fixable issues, which makes us wonder why they weren’t fixed before launch.

Overall Score

Wynn Bet has a lot going for it. It tends to go all-out or slink back on its odds. It’s made itself into a sportsbook that Michiganders have to check if they’re value-shopping. Wynn Bet offers a respectable sportsbook risk-free bonus, too. However, Wynn Bet also has a list of improvements it could make. It has few deposit options compared to its competitors, which could add inconvenience to experienced bettors. Wynn Bet also needs to increase its selection of sports and leagues. Finally, it needs to streamline its app’s navigational functions to make it easier to breeze through the lines.

Is Wynn Bet A Legit Company?

Yes. Wynn Bet is a legitimate company, a licensed sportsbook, and a safe place for sports betting. Here are five reasons bettors can trust that Wynn Bet isn’t some shady sportsbook from dark corners of the planet.

It’s Owned By Wynn Resorts

Wynn Resorts owns a chain of casinos and hotels in Las Vegas, Macau, Cotai, and Boston Harbor. This multinational company was founded in 2002 and has a track record of legitimate business dealings. Yes, it’s a low bar. But it’s a higher bar than the offshore sportsbooks we’re comparing WynnBet to.

Wynn Resorts’ Macau Location Set An Award-Winning Record

The Macau resort was the only resort in the world to achieve one honor. It’s the only resort to get eight five-star ratings on the 2019 Forbes Travel Guide Star Rating list. A company that can earn this honor is likely to put the same care and attention into its other ventures. At the very least, it’s a company that will play by industry rules.

Wynn Resorts Is Publicly Traded

The best thing about publicly traded companies is their financial disclosures. Bettors, regulators, and analysts all have access to Wynn Resorts’ annual financial statements. They’re not page turners, but they’re transparent company summaries that reassure investors that there’s no illegal activity.

Wynn Bet Is Licensed In Multiple States

Not only did Michigan’s Gaming Control Board approve Wynn Bet. Other states also subjected the company to a grueling process. They pulled financial statements, ran background checks, and tested server security. Wynn Bet got the stamp of approval from many state regulators, signaling its quality and safety.

Wynn Bet Continues To Be Allowed Into New States

It’s one thing for a sportsbook to get into the first three states. But getting into the next five requires sportsbooks to be on their best behavior. Wynn Bet could enter five more states because of its positive track record in its first three. It’s a sign it operates legitimately and that ensures it continues to do so.

Why Choose Wynn Bet Over Illegal Betting Sites?

The nice thing about betting at Wynn Bet instead of an illegal site is bettors know who they’re dealing with. Bettors can find Wynn Resorts’ public filings because they’re publicly traded. Inquisitive bettors can dig through the license requirements in their states. Michigan’s are dense but robust and worth the read for anxious bettors. But illegal betting sites don’t share that transparency or endure any vetting process. There are different reasons some betting sites are illegal. The best-case scenario is an illegal offshore site whose practices the United States can’t check.

The worst case is infinitely darker.

The Best Case

The least insidious reason a site is illegal is that it’s offshore and outside of American jurisdiction. That prevents regulatory agencies from cracking down on it if it stiffs bettors. A common reason might be a security breach or cash mismanagement. An offshore sportsbook that lacked proper security could lose bank accounts and social security numbers. A poorly run offshore sportsbook could also run out of money to pay winners. Either way, bettors don’t have any recourse at home. Offshore sportsbooks can’t be crushed by any one country, even if they behave poorly.

Wynn Bet has none of those problems. Its security is tested before launch and its cash reserves are monitored and regulated.

The Worst-Case

A bettor’s worst-case scenario at an illegal site would be unknowingly funding sex or drug trafficking. Illegal sports betting is lucrative for criminals. They can fix odds and withhold bettor winnings to make massive profits. The worst illegal sportsbooks let bettors wager on credit, then collect the debt with unethical, and possibly violent, methods. But that illegal sportsbook can be one piece of a larger criminal empire whose main business is something worse than gambling. Many illegal sportsbooks do not fall under this category. But any unfamiliar, unregulated, and unsafe sports betting site could be something like this.

Obviously, Wynn Bet has none of these flaws.

Why You Can Trust Wynn Bet With Your Money

Wynn Bet is unique in that it’s owned by a publicly-traded company. We’ve harped on this point a few times, but not all sportsbook companies are subject to SEC levels of scrutiny. For skeptical bettors, Wynn Resorts’ financials are critical to establishing trust with Wynn Bet.

Financial statements are so sensitive because among other things:

• They reveal where money comes from and where it goes
• They are blueprints on how a company is more or less profitable than its competitors

Both of these reasons give financially literate readers ways to figure out whether a company is making money from illegal activities.

For example, a sportsbook company that keeps triple what its competitors do in profit is worth a second look. This fictional company may have some game-changing innovation that the rest of the market hasn’t discovered yet. But it’d be more easily explained by an extra source of cash that has nothing to do with the business.

But if it isn’t that obvious, simple math can give shady companies away, too. If the revenue and costs don’t add up to the right profit, that’s a red flag, too.

Wynn Resorts’ financials don’t have these red flags. They’re not plagued by security breaches or undisclosed sources of funds. Wynn Bet is a legitimate company that bettors can feel secure betting with.

Wynn Bet Fact Sheet

WynnBET Sportsbook Michigan FAQs

Yes. Online sports betting took a long time to come to Michigan. Retail sports betting went live March 11, 2020. Less than a week later, the pandemic lockdowns shut the casinos down. Three months went by before the casinos and retail sportsbooks could reopen. But the Michigan Gaming Control Board had to write the rules that mobile operators would follow. It took a while, but on January 22, 2021, mobile sports betting launched in Michigan.

At least 21. It’s one of the boxes bettors check when they create their Wynn Bet accounts. On step three, the second box confirms that bettors are at least 21. It also confirms that they’re eligible to wager at an online sportsbook. A young bettor could lie, but they wouldn’t get through the followup step of uploading a government ID. There’s no fooling the app. If you’re 20, you’re not getting in.

Fanduel $500 Risk Free Bet

Yes. Wynn Bet won’t process wagers that aren’t placed in a legal state. If Michiganders want to place a wager at Wynn Bet while they’re visiting family in Texas, too bad. Bettors can manage their accounts and even withdraw funds out of state. But no bets will process if they’re placed outside the Michigan border.

Winnings are credited to a bettor’s Wynn Bet account. Bettors can go to their accounts to see their settled wagers. If they were lucky enough to win, the stake and winnings will be in a pile in the account. From there, bettors can select the ‘withdraw’ option to transfer their winnings out of Wynn Bet. Withdrawals can take a few days to process depending on the withdrawal method. So don’t panic if it takes a few days.

Yes. Wynn Bet has a live betting tab for game lines that update during the game. It’s an edge-of-your-seat experience for bettors who think they can time the game’s tide. Anyone who thought Dustin Poirier at the end of round one with McGregor probably got great odds in their 2021 match. Anyone who wants to experience the thrill of live betting now has that option from home in Michigan.

Yes. Bettors can even go a step further and sign up from anywhere in the United States. As we said before, bettors can manage their accounts from out of state. The geofence around Michigan only blocks wagers. Anyone who wants to deposit money, withdraw winnings, or change account settings are free to do so. Even if they’re in a state like Texas that won’t legalize sports betting until the year 3000.

Offer Description:

Funded Patrons of $10 or more to Parx Casino & Sportsbook online are eligible for up to a $500 Risk Free Bet if their first sports bet is a losing bet. Patrons will receive a Free Bet equal to the amount of the losing wager, up to a maximum of $500 (Five hundred dollars). Free Bet must be wagered once (1). Free Bet amount is not included in any returns or winnings. 1 (One) offer per Patron and Household.

Promotion Dates:

Monday, December 16, 2020, 7:00 am EST to Saturday, December 31, 2022, 11:59 pm EST

Eligibility:

Patrons who their first cash sports wager settled as a losing bet. All patrons who are at least 21 years of age. Employees of Parx Casino® and Parx Racing are not eligible to participate or wager. Additionally, Parx Casino® reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on patron wagering patterns or wagering history or betting on both sides of a game or if the patron failed to take advantage of any previous Promotion in good faith.

Qualification Criteria:

Funded Patrons of $10 or more to Parx Casino & Sportsbook online whose first cash sports wager was a losing bet

Prizes redemption:

Free Bet will be awarded immediately or in case of technical issue within 3 business days

Limit to one (1) per patron

Registration Procedures:

Patrons who successfully deposit $10 or more to Parx Casino & Sportsbook online and their first cash sports wager settled as a losing bet

Limitations on Participation:

Must be physically located in Pennsylvania to use the bonus and wager on a device

Cannot be on the Pennsylvania Gaming Control Board Self Exclusion or State Exclusion lists to participate in this campaign or wager online

Employees of Parx Casino® and Parx Racing are not eligible to participate or wager

Your use of this Service is governed by the laws of the Commonwealth of Pennsylvania

Free bet amount is not included in any returns or winnings

Maximum free bet amount during the campaign is $500 per Patron

Must be 21 or older to gamble

Wagering requirements and limitations by type of game:

Free bet must be used in 10 days from the date it was awarded

Free bet only can be used for online sports wagering

Free bet must be used in full and cannot be divided into multiple bets

Round robin and official teasers bets are not allowed with free bets

Any unused or remaining Free Bet bonus amount after the expiration date will be clawback if Patron did not login on Parx Casino & Sportsbook Online within 10 days from the date the Free Bet bonus was awarded

The order in which funds are used for wagering:

Patrons may choose to wager free bet prior to real money

Eligible games for Free Bet:

Patrons may choose to bet on any sports game

Withdrawal of Funds Restrictions:

Free bet must be wagered at least once

Cancellation Rules:

Management reserves the right to change, modify, terminate, suspend or cancel this promotion and event at any time without notice

Patrons who wish to opt-out of participation in a promotion can contact our Customer Service team at pasupport@parxcasino.com or via live chat on pa.parxcasino.com and request to cancel the participation in the promotion. If the player elects to proceed with cancellation, unrestricted funds remaining in a patron’s account will be available

Gambling Problem? Call 1-800-GAMBLER