Betting maths and calculators

What is the difference between 'risk-free' and 'money back' betting promotions?

Direct answer

Check what is actually returned, whether it is cash or a token, the limit and when the protection applies; 'risk-free' may be misleading.

How to use this answer

The principle is supported by the referenced rules, but a different operator or market can apply a different settlement condition. Treat the named provider as a specific example, not as a universal betting rule.

Use the precise stake, decimal odds, market terms and outcome probabilities when calculating the result. Expected value measures an average over hypothetical repetitions, not a guaranteed profit.

Reference: wizardofodds.com · published rules or source ↗