Worried about losing your first bet? Money back offers allow you to reclaim some or all of your stake if your bet is unsuccessful, reducing your risks and allowing you to bet with confidence as a new punter.
What Are Money Back Offers?
Money back offers are, as their name suggests, promotions that let you get some or all of your stake back if your bet isn’t successful.
Money back offers are available from most of the UK’s top online bookies. Many bookies offer money back guarantees in combination with promotions like accumulators, making it less risky in the event that one of your bets doesn’t work out.
From bet insurance to “bore draw” offers, UK bookmakers offer a range of different money back promotions for punters:
- Bet insurance is a type of money back offer that lets you claim your stake back in the event that your bet does occur, but not in the way you predicted. Insurance is typically used for sports betting, particularly football and other team sports.
- The “bore draw” is a common money back offer in which your stake is paid back if you bet on a team to win a match, only to see the game end in a draw. The bore draw offer tends to be provided for correct score and half/full time score bets.
- Occasionally, money back offers are provided if a certain unusual event occurs, such as a team hitting the post during a football game, a specific player scoring, or any event that the bookmaker lists before the game begins.
- Some bookies provide money back guarantees for horse racing bets. These offers can include refunds if your horse fails to race or is forced to pull out of the race due to injury, fall or other setbacks.
How Do Money Back Offers Work?
Most online bookies will require you to deposit a minimum amount of money into your account in order to be eligible for money back offers. This amount can vary between bookies, meaning it’s best to compare the terms and conditions before choosing where to bet.
Some bookies also set a maximum money back limit on bets. This means that if you bet more than the money back limit, you may not receive your entire bet back, even if you quality for the money back offer.
Finally, money back offers aren’t always provided as a cash bonus. Instead, some bookies will offer “money back” in the form of free bets, meaning you’ll need to wager the amount you get back before you can cash it out.
Are Money Back Offers Only Available for New Punters?
Many bookies provide money back offers for new punters, often as a strategy to encourage new sign-ups and deposits. While money back offers are popular with new punters, they’re also often available for the general public.
As with all betting offers, the best approach to finding good money back offers is to compare the promotions provided by several bookies before choosing where to deposit your money.