What Are Money Back Betting Offers?
March 29, 2018
Money back offers are becoming one of the key ways bookmakers look to entice punters these days. Almost every week you’ll see a money back special on the weekend’s big football match or a key horse racing meet. And you’d be silly not to make the most of them.
Almost every bookie will have some form of money back special throughout the year and at MatchedBets we don’t miss a trick.
We all know about the disappointment of losing a bet, it can be even more heartbreaking if you fall to a last minute equaliser or are pipped to the post at the final second. However, its also a great way to earn free bets for matched betting. This is what makes a money back special an offer to embrace and really take your bookmaker up on.
Of course, you may not be aware what a money back special actually is? Well, we’re here to help…
What Is A Money Back Betting Offer?
A money back betting offer special is a relatively simple promotion to understand. Essentially, if you lose a bet or a predetermined event occurs that’s part of a promotion then you will be refunded your stake money by the bookmaker. This will often be in the form of a free bet.
For example, this may be if a certain player scores a goal or a particular horse wins a race. It can even be as simple as: you lose the bet, you’ll get your money back.
Naturally, this is an absolute Godsend when your team suffers an injury time equaliser. They will often be found on the football but are regularly available across a number of sports.
What Sports Can I Receive A Money Back Betting Offer?
Money back specials are offered on a wide range of sports, particularly around major events. This summer is expected to be a busy period for World Cup money back specials, while the Royal Ascot and the Cheltenham Festival have special promotions every day of the festival.
They aren’t limited to just horse racing and football though and you’ll find most major bookmakers will offer them on the following sports at various points throughout the year…
- Rugby Union
- Rugby League
- Ice Hockey
Most of these sports will be less frequent than the money back specials you’d find with football and horse racing and will be most commonly found during tournaments. This will mean you’ll regularly see Six Nations money back specials, Wimbledon money back specials and Ashes cricket money back insurance offers.
What Types Of Money Back Specials Are There?
Money back specials do come in a variety of forms however, so it’s worth shopping around to find one that matches the bet you wish to make.
There are a number of money back specials that are more common than others, particularly with major bookmakers such as BetVictor, bet365 and Paddy Power, who are perhaps the king of the money back offer.
For those who love a punt on an acca, plenty of bookmakers offer a failsafe with acca insurance. Our Accumulator tips regularly bring you the best acca insurance promotions, not to mention some of the best acca tips out there, and it essentially means you won’t lose if just one team lets you down.
Acca insurance works so that if one team lets you down in an accumulator of five teams or more, you’ll receive your stake back as a free bet. Many bookmakers will offer this and it’s most commonly found in football betting, although is occasionally found among other sports.
Money back if the favourite wins
The likes of Paddy Power love this promotion during major horse racing events such as the Cheltenham Festival and the Grand National. It’s an offer that basically means if the standout favourite wins the race, the bookmaker will refund any losing bets.
You will occasionally see this bet elsewhere. For example, you may receive your stake back if you were to put a bet on an underdog taking on Manchester City. This could well be a popular wager come World Cup 2018.
Money back if you lose
A relatively straightforward version of a moneyback special is simply if your bet loses you’ll receive your stake back. This will most probably be in the form of a free bet and is generally only offered on selected markets.
Money Back If “X” Happens
Perhaps one of the most exciting money back specials, although much harder to receive it for punters, is if a certain event happens.
For example, let’s say you were to bet on a game between Arsenal and Tottenham and you were backing Arsenal. A bookmaker may be offering a money back special that pays back your stake should Harry Kane score.
This would mean that if Arsenal were to lose or draw the game and Harry Kane scored for Spurs, the bookmaker would refund you your stake.
When Will You Not Get Your Money Back?
Taking the example above, if Arsenal were to win and Harry Kane scored, you wouldn’t receive your money back as your bet came through.
You will receive your stake back in almost every instance of a money back special, except if your bet actually comes through. Of course a bookmaker isn’t going to refund you your stake again as part of the offer. If you win you win, let’s be happy with that!
Which Bookmakers Offer Money Back Specials?
Most bookmakers will offer some sort of money back special at various points throughout the year. The likes of Paddy Power, bet365 and betfair regularly offer them, particularly during major events.
Our betting offers will feature some of the best out there, while the UK’s major bookies will be posting acca insurance offers all the way through the Premier League season. Betfair offer this throughout the season as do William Hill, whose acca insurance will refund a losing bet if one team fails in an accumulator of five games or more.
It’s well worth keeping your eye on our free bet and offers page for all the very best, where you really can make the most of betting with a money back special.