SugarHouse $500 2nd Chance Bet

The SugarHouse Sportsbook 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 bonus bet for the value of the initial wager. 

There is no restriction on the odds of the initial bet, but the bonus bet must be used on a market with odds of -200 or longer and it expires if it isn't used within 30 days.

1. Register as a new customer on SugarHouse and use the promo code ‘SPORTS’
2. Deposit funds with the sportsbook and make your first bet.
3. If you win your first bet keep the winnings, if you lose receive a bonus bet.
4. Use the bonus bet within 30 days of receiving it on a market with odds of -200 or longer.

1. Minimum Wager: Users must bet at least $10 to be eligible for a bonus bet refund.
2. Initial Bet Restrictions: The first bet cannot be used on profit boosts or odds boosts.
3. Bonus Restrictions: Bonus bets must be used on markets with odds of -200 within 30 days of being issued. It also cannot be used on house specials like profit boosts or odds boosts.

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This second-chance bet offer from SugarHouse is more generous than most in it category and it has relatively few restrictions and is easy for a consumer to understand.

The large bonus refund is a double-edged sword for users. On one hand, it can help mitigate a fairly significant first-best loss.

Alternatively, that perceived safety net could encourage users to go beyond their limits on their first bet with SugarHouse in anticipation of the bonus bet. 

However, it's not particularly unusual to lose two bets in a row and a new customer could easily lose both the first bet and the bonus and be out a larger sum than they'd normally be comfortable with.