That first bet must have minimum odds of -200, but that will still give bettors hundreds of different options to choose from at FOX Bet. An example from NBA betting: If you place $500 on the Lakers to cover -4.5 against the Bulls and they squeeze out a two-point win, FOX Bet is refunding you the full $500 in the form of a free bet to try again. But FOX Bet has taken the nerves out of your first bet, providing the opportunity for your original wager to be given back to you if it loses. Any time you put money down on a game, no matter how short or long the odds are, there are some nerves behind it. We all know the feeling of sweating out a bet.