Best Sportsbook Second Chance Bet Bonus Available in Michigan Nov 2024

No one can guarantee a bet will win, but how about a chance to try your bet again? That’s why second chance bet bonus promos offer – and they’re available to claim right here in Michigan. 

A second chance bonus gives players the chance to bet again by receiving bet credits from the sportsbook if the initial bet loses. An innovative take on the traditional sportsbook bonus, a second chance promo is a common offer in the market. 

If you’re interested in finding the best second chance bet promo in Michigan, we’ve provided you with all the info you need in this guide. 

Top 10 Sportsbook Second Chance Bet Bonuses List

A second chance bonus bet is a great way to protect yourself from instant losses, so they’re a big hit with players. You’ll find there are multiple sportsbooks offering this type of promo, giving you plenty to choose from. We’ve put together our list of the ten hottest second chance bet promos that you can claim in Michigan above.

Compare the Best Sportsbook Second Chance Bet Bonuses

	BetMGM Sportsbook	FanDuel Sportsbook	Fanatics Sportsbook	BetRivers Sportsbook
Rating	95	95	94.8	94
Payment Methods	10	8	6	7
Top Payment Methods	Visa, Mastercard, Paypal	Paypal, Venmo, Visa	Apple Pay, Venmo, Visa	Mastercard, Visa, Paypal
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Second chance bet promos can be found in online sportsbooks all around the state, but how do you know if you’re getting the best bonus in Michigan? We’ve done the legwork to save you spending hours digging around above, and have created this handy comparison tool for all players to use. 

Deep Dive - Our Best Two Second Chance Bonuses

Second chance bonuses are very similar to bet and get bonuses, except they only kick in if the initial bet is a loss. This means it’s sometimes possible to find a second chance bonus that’s higher value than a standard bet and get promo. 

There are many special offers to choose from in Michigan, but we’ve chosen the top two second chance bet promos to look at in closer detail. 

BetRivers

BetRivers has been open to online players in Michigan since January 2021, with a huge range of markets to choose from. A second chance bet freebie is on offer to any new players signing up for an account for the first time. 

To qualify for this promo, new players must register and make a deposit of at least $10 but there’s no restrictions on the size of their first bet. If the first bet loses, BetRivers will match the amount in bonus bets up to a maximum of $500. 

Although there are no limitations on the initial bet, minimum odds of -200 apply on the bonus bets. The bonus credit is available for players to use for 30 days, a generous amount of time that gives plenty of time to pick the right bet to place. 

Caesars

One of the big names in the world of sports betting, Caesars is available to Michigan players to place wagers online. If you’ve never held a Caesars or WIlliam Hill account before, you’ll be eligible to register for a new account and receive a second chance bet promo.

It’s worth mentioning that Caesars don’t market it as a second chance wager. In their marketing material, this offer is described as “First Bet On Us”. However, the structure is exactly the same as any other second chance betting bonus with the sportsbook covering the value of a losing bet. 

The promo promises Caesars will pay out a bonus of up to $1,000 if new players lose their initial bet. There’s no minimum bet amount specified but Caesars will match the value up to a maximum of $1000. 

There are no limitations on the type of bet that can be placed with the bonus credit, making this a flexible and useful promo to claim. 

How Do Second Chance Bonus Bets Work?

Second chance bonus bets used to be known as “risk-free” bets. However, in line with sensible compliance rulings and responsible gambling, this term is no longer used. The name of “second chance bonus” is more accurate as there’s still a risk that you might lose again – but you do get a second opportunity to win. 

With a second chance bet, you make a deposit and place your first bet as normal. If you win, there’s no bonus to be paid. If you lose, you’ll receive the bonus amount which is typically credited as bonus bets to your account. 

You can’t withdraw this type of bonus (just like most other bonuses), but you can use it to bet again. You can choose to bet on the same sport again, or you can use your bonus credit to bet on something completely different. 

What Does Best Betting Michigan Like in a Second Chance Bonus

Not all second chance bonuses are the same, so it’s always worth taking a closer look to see exactly what you’re getting. 

The first thing to check for is the monetary amount. What’s the limit on the bonus? Some sportsbooks might limit the amount of the second chance bonus to less than your original bet. This might be disappointing, but there are other terms to check for that are just as important as the initial value. 

We prefer the bonus sum to be credited either as a series of smaller bets, or as a flexible sum which can be bet in any way. The less favorable bonuses only allow the bonus credit to be wagered as a single amount. 

The expiration date of the bonus might also be important. You’ll usually get at least seven days to use the credit, but some sportsbooks restrict their bonuses to just 24-48 hours. If you don’t plan on betting it immediately, checking the time restriction is essential to prevent losing out. 

How do I Receive a Second Chance Bonus in Michigan?

The process of claiming a second chance bonus bet in Michigan is as simple as signing up for a sportsbook and placing a bet. You’ll receive your bet credits as soon as you’ve completed the qualifying criteria. To get your bonus, just follow the steps below:

1. 1

   Visit your chosen sportsbook by clicking the relevant link from our list

   If you like what you see, click the register or sign-up button on their website

2. 2

   Enter your personal details on screen, making sure the details are correct

3. 3

   If you have a promo code, enter it in the available space during the process
4. 4

   Verify your account when requested - this is usually via SMS or email

5. 5

   Login to your account
6. 6

   Place your first bet
7. 7

   If your bet loses, you’ll receive the bonus credit in your account

Second Chance Bet Bonuses Still Have Terms and Conditions

Although a second chance bet is designed to replace your losing bet, there are still terms and conditions that you should be aware of.

Some of these terms are what you would expect from a legal sportsbook, such as being aged 21 years or over and being physically present within Michigan state lines as outlined by the Michigan Gaming Control Board.

However, there may be other clauses which are less obvious such as minimum odds for the bets, or higher initial deposit amounts compared to the bet. This means if your first deposit is too low, you may not qualify for the bonus. It’s vital to check the terms of the bonus before you make any deposit or claim the promo.

Are Second Chance Bonus Deals Legit in Michigan?

It’s crucial to only ever play at legal and licensed sportsbooks in order to receive the full protection from the regulator. It also means you can have confidence that any of your personal data will be treated securely. 

Michigan made sportsbooks legal in 2020 and the first sites went live in 2021. The Michigan Gaming Control Board provides licensing and monitors the conduct of sportsbooks, with a public register than anyone can check. 

Providing you are playing at one of these licensed sportsbooks, a second chance promo is completely legit. Sportsbooks are permitted to offer bonuses to their players, provided that the terms are fair, clear, and easy to understand.

Conclusion

If you’re in Michigan and wondering how to lower the risk of making a bet, a second chance bet bonus could be the answer. While it doesn’t eliminate the risk entirely, it’s a great way of having another chance if your initial bet loses. 

Second chance bonuses don’t cost any money to use, so there’s no reason not to claim one when signing up to a sportsbook. In Michigan, there are plenty of sportsbooks offering second chance promos so if you’re looking for this type of bonus, you’ll have plenty of choice.