A Welcome bonus is a great way to attract new customers. They operate similarly to a second chance. You'll make your first real money wager with a sportsbook if you accept a sign up bonus risk-free bet. If the wager fails, you will receive additional money back. As a result, it acts somewhat like a second chance. After you've completed the minimum requirements, funds are deposited into your account. You can then use that bonus money to place another wager. Some bookmakers credit you with one risk-free bet, while others distribute the cash across multiple risk-free bets.In the end, you still want to win your first bet. If that's the case, you won't get a bonus. However, if a player loses your initial wager, you may bet somewhat more because you'll be given another chance.