Money back is an online sports betting promotion loved by backers across the board. Put simply, it allows punters to place a bet knowing that, if they lose, there’s a chance they could get their stake back. An example of a money back promotion would be if your horse finishes second behind the SP favourite in a major race.Money back bets and promotions are given in either cash or free bets, so be sure to read the terms and conditions attached to each offer. Fancy a go? Knowing where to get the best money back promotions is important. Check out the below table of bookies offering money back.
Before getting into the thick of our review and revealing our final list of the best money back promotions offered by online bookmakers, it’s worth taking a minute to explain exactly what a money back special is. How does it work, what are the finer details and, most important of all, where can you get a money back promotion on your favourite sport?
Bookmakers offer money back promotions on the most popular sports of the week in an attempt to help them stand out from the crowd in what has become a crowded market. If you are betting on the Cheltenham Festival Gold Cup for example, and one firm offer a money back promotion, there’s more chance you will make your bets with them. It makes sense to both parties, giving backers the chance to get cash back bets if their punt doesn’t go to plan and, for the bookie, it’s a tried and tested marketing tool.
There are many different types of money back betting offers around today and picking the right one for you is important if you are serious about beating the bookies and making a profit over the course of a year or season. Here are a few things you should know about money back betting offers.
We’ll use bet365’s no score bore as our example here.
Cash back offers are available on a number of sports, from the most popular to niche sports. They can also be applied to a wide number of markets and that ensures there’s something to suit all types of punters and budgets. Some of the sports you can expect to find cash back offers available on at any of the websites mentioned in this review include…
The football markets benefiting from cash back offers include…
As with all the main forms of betting offers, you’ll find a good amount of bookie-to-bookie variation in the types of money back specials you can find. With that said, these all generally fall into four main categories, each of which you can learn about below.
The Risk Free Bet is the most common type of money back welcome offer. While it only applies to your first wager on a platform, its scale can still match other sign up deals which provide free bets or deposit matches.
When placing a Risk Free Bet, there are two outcomes. If the wager wins, you collect your winnings as normal. If the wager loses, however, your stake will be returned to you. This refund will typically be given as cash, rather than a free bet. The most important T&Cs to check out are minimum odds for your qualifying bet, and the maximum refund amount.
This is the most popular form of ongoing cash back offers. Acca Insurance is provided by the vast majority of major money back bookies, although some will only do so during the football season.
Usually, if even one leg of your accumulator fails, the entire wager loses. With Acca Insurance, one leg is ‘insured’ instead. Rather than losing entirely if one selection lets you down, your stake will be refunded to you, either as a free bet or cash. You’ll typically need five or more selections to qualify here, although some sportsbooks only require four. Market eligibility and the maximum refund amount also vary from bookie-to-bookie.
Whatever its specific name, the Bore Draw Special will serve the same general purpose. It’s only available on football markets, and usually affects your Match Result wagers. If you bet on one team to win, and the game ends 0-0, then – rather than losing your stake – you’ll get it refunded.
There are a few other football-specific money back offers. These usually affect player prop bets, insuring you against players getting sent off, subbed off early, and so on.
Horse racing features more money back specials than any other betting market. These usually aim to solve the very biggest frustrations which racing fans typically face. Faller Insurance is the most common, refunding your stake if your runner falls or unseats its rider. Non Runner No Bet is another great example, giving you your money back if your horse fails to start the race.
Money Back if 2nd is also extremely popular on cash back bookmakers, and refunds your Race Winner picks if your horse finishes second. Do note though, that – in some cases – they will specifically need to come second to the pre-race favourite.
It’s worth mentioning at this stage that all money back promotions have terms and conditions attached and you should be aware of these before signing up for an offer and placing your bets.
Read the terms and conditions attached to ensure you have a full understanding of how the deal works. This will avoid any surprises when placing your bets. We have picked out some of the more important points below and added a brief description…
⭐Target Risk Free Bets – As the name suggests, there is simply no downside to Risk Free Bets, assuming your refund is given as cash rather than a free bet. You can stick a tenner in your account, and stake it all on an opening wager. If it wins, you get the profits. If it loses, you can simply withdraw that money from your account.
⭐Take More Player Props – We’re not normally the biggest fans of player props, as they tend to be riskier than team-based wagers. When you’re covered by a money back offer though, you can afford to take more risks. Having insurance against the most common ways to lose these bets – such as red cards and substitutions – significantly increases your chances of triumphing.
⭐Check the Small Print – It is absolutely crucial that you read the full terms and conditions before attempting to use any money back offers. The most important aspects to check include minimum odds and minimum stake amounts for your qualifying bets, which sports or bet types are eligible, and the maximum amount of money which can be refunded.
⭐Monitor Your Free Bets – Some money back offers refund your stake as a free bet, rather than as cash. That alone definitely shouldn’t dissuade you from using the promotion. Do be aware, however, that these tokens will all come with an expiry date – typically seven days. Forget to use them before this time, and they will simply disappear.
⭐Stay Up to Date – New money back offers are coming out all the time. Make sure you check the promotions pages on your favourite bookies regularly to see if they have any new deals. Keep an eye on those pages on other sportsbooks too – these offers can be good enough on their own to make creating a new betting account worth your time.
⭐Keep Betting Smart – Just because you’ve got a little extra insurance, does not mean that you should start taking enormous, high-risk, high-reward wagers. Continue to do your research, monitor your stakes, and make sensible picks. Money back offers are definitely helpful, but will not – on their own – suddenly transform your betting fortunes.
Money back offers are easily one of the most popular types of promotions for experienced punters. It’s not hard to see why. By default, turning a long-term profit on your sports betting is extremely challenging. These deals won’t single-handedly ensure you do so, but they definitely improve your chances.
If you see a sportsbook offering a Risk Free Bet welcome offer, we’d recommend pouncing on it immediately, as there’s really no downside to doing so. Ongoing money back offers can also be incredibly useful though, and helping to lower your losses in a whole range of different ways.
Bet with one of the bookmakers mentioned in this review, visit the promotions page and find the most recent money back promo offered. You must then read the terms and conditions before placing your qualifying bets.
A money back special is a promotion offered by certain bookmakers that returns losing stakes if you meet the requirements. You will find a list of money back specials in this review.
The short answer to this is no. Once a football match, race or fight has started you have missed your chance to take advantage of the money back special. Find the promo that best suits your needs and place your stake as soon as possible.