Betsafe $500 2nd Chance Bet

Betsafe's welcome bonus uses the 'no-sweat' bet format.

That means that a new user can make a wager (in this case up to $500) and if that bet cashes they keep the winnings, and if it loses they will receive a bonus bet matching their first bet.

That bonus bet credit comes in the form of a single sum for the value of the initial wager and get only be wagered on one individual market. 

In order to receive this welcome bonus new users have to place their first bet on a market with a odds of -200 or longer.

1. Register as a new customer at Betsafe.
2. Make your first deposit.
3. Place a first bet of at least $25.
4. If it loses receive a single bonus bet equal to your initial wager.

This bonus from Betsafe comes with specific terms and conditions that are crucial for bettors in Colorado to understand. These conditions outline the eligibility criteria, deposit requirements and qualifying bet. 

It's important to be aware of these details to fully comprehend the scope of the sportsbook's offer and its restrictions. Let's jump into these terms and conditions for a clearer picture of what this bonus entails:

• The offer is available only to new customers.
• The first bet must have a stake between $25 and $500.
• That wager must be at odds of -200 or greater.
• Bonus bet is single-use and can only be used on one bet.
• Bonus bet expires after 14 days if it isn't placed.

This second-chance bet offer from Betsafe has higher upside and higher downside than many in its category. most generous of that exists in it category, 

On one hand a user has a level of insurance for making a sizable bet up to $500. On the other hand losing the initial bet then the wager with the bonus road could be quick road to a substantial loss.

One positive for users is that this bonus has relatively few restrictions and is easy to understand.

New Betsafe customer doesn't have to worry about significant playthrough requirements and bonus pool expiration dates that could make it difficult to play through their bonuses.