In life, we all love to get a second chance. This is particular to bettors who lost on a bet and yearn for another chance and their losses reversed. Well, bookmakers these days are getting more merciful with money-back offers.
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No requirements
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Bonus: £10 bonus bet every week Bonus Code: No code Turnover: No requirements
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No requirements
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Bonus: Click for more info Bonus Code: No code Turnover: No requirements
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8x
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Bonus: 50% up to £50 Bonus Code: No code Turnover: 8x
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ZSK200
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Bonus: Click for more info Bonus Code: ZSK200 Turnover: No requirements
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WELCOME40
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1x bonus amount
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Bonus: Click for more info Bonus Code: WELCOME40 Turnover: 1x bonus amount
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Money-back as cash is one of the money-back as cash offers a bookmaker can make on special events. For this promotion, the bettor places a bet on a selection. If the bet is lost, the bookmaker will offer money as a free bet if other conditions are met.
Example
There is a money-back offer for a horse to place in the top three. A bettor places a bet on a horse racing event. The bet is for the horse to win. The horse does not win but places second. The money will be offered back to the bettor in the form of real money because the condition of placing in the top three was met.
A money back offer is a betting special offered by bookmakers. If a bet is lost, and certain conditions are fulfilled, the bookmaker reimburses the bettor his money as a free stake to the value of the bet. This offer often comes with a promo code and can be found in many different events. Money back offers are strictly offered for losing bets and are not granted where the condition is met and the bet is won by the bettor.
Draw money back is a betting offer provided by a sports bet for football events. It gives the bettor a guarantee against losing a bet. The minimum odds for this type of bet are smaller than making a straight bet for a team to win. But this type of bet provides the bettor with more chances of winning the stake. Where the bettor backs a team to win and the match ends up in a stalemate, the better gets his money refunded. But where the away team is to win, the bet is lost. The draw money back gives the bettor insurance against controversial decisions by the referee or VAR.
For example, in a Euro Qualifier between Germany and Ireland, the odds for Germany winning the game is 1.70. Ireland has odds of 5.25, while a draw is set at 3.50. This signifies that if the match was to end in a win where a bettor places a bet of 100, he gets back 170 as returns. But if the match ends in a stalemate, the bet is lost. Draw money back gives assurance against such a stalemate. However, the odds are smaller. For this market, Ireland gets a 3.75 for a straight win while Germany goes at 1.25 odds for a victory.
In the above market, if the bettor placed a stake on Germany to win he gets 125. It is a decent return but still smaller than on a straight win bet. However, the bettor’s money is refunded into the account where the match ends in a draw.
Money-back, as well as cashback offers, are on the rise in today’s betting markets. More bettors are starting to find real value in these bets. Bettors who stake on these bets are attracted by the prospect of recovering some part of their lost bets in the form of a free bet or real money.
Some of the best money back and cashback offers to include:
Betfair
Betfair offers bettors a chance to stake 5 x £10 or higher in order to collect £20 up to three bets. A bettor could collect up to £100 when this is done 5 times. The minimum odds are 1.50.
Betway
Bettors can collect up to £30 as free bets. But this is limited to only bettors resident in the UK and Ireland. The minimum deposit for this bet is £10.
888SPORT
This offer is exclusive to new customers. The minimal stake is £10 and it uses a promo coupon called ‘FOOTBALL’. Bettors can place the first stakes on any event. However, the lowest stake £10 at 1.50 odds and over. The betting value is not credited to the bettor’s account — only his winnings.
Paddypower
This offer by Paddypower refunds the bettor where the bettor’s team is a loser. There is no live bet and this offer applies only to a limited amount of markets. The maximum stake is £10 per bettor.
DafaBet
This offer is a mobile exclusive. It is only valid for special horse racing events. The betting value is not refunded to the bettor and the free bet must be used within a set time.
General Terms and Conditions on cashback betting offers:
The best way for a bettor to throw their money away is by betting without the strategy. A professional bettor understands there are different approaches to different markets.
Draw Moneyback strategy
Where a bookmaker does not offer a Draw money back market, the bettor can split his stake in two. The bettor places the first stake on the game to finish a level, and his other stake on the game to finish with a win.
Bore Draw Moneyback strategy
Bore draw money back is an offer where a sportsbook offers the money back to the bettor where the match results in a stalemate. This is particularly a stalemate where no goal is scored.
The sports betting strategy for this market requires a bit of good fortune to turn a profit. However, it also insures against a loss to ensure the bettor regains a part of their stake. Once a bet is placed with the sportsbook, the next step is to place another bet with the betting exchange. The bettor uses a matched calculator to know the perfect amount for the stake. This system is known as matched betting. Once the bet is matched, all outcomes are covered by the bettor. This way, the bettor makes a profit from the bet or from the exchange. In many instances, both bets void the other and a bit of loss is incurred through exchange commissions. But if the match ends in a draw, the bettor gets the stake refunded and also wins one of the bets. If the sportsbook makes the refund in cash, then this can be withdrawn as real money. If the stake is given as a free bet, then the bettor uses the free bet to place another stake and make real money from it.
Moneyback offers can be had in different sports. But the major sports where this offer is found are football and horse racing events. There are many options in these sports for a bettor to qualify for a moneyback offer.
Money-back if you win is a promotion offered in specific markets where a certain team emerges the winner.
For example, the bettor places a bet on the correct score. For example, a bettor places a stake on the correct score on France v Germany. If the bettor loses the bet and France goes on to win the game, then the stake is refunded in the form of a free bet.
Money-back if you lose also applies to correct score bets. In this instance, a bettor places a bet on a correct score. If he loses the bet and the team goes on to lose, the money is reimbursed as a free bet. For example, a bettor places a stake on the correct score on France v Germany. If the bettor loses the bet and France goes on to lose the game, the bookmaker offers money to the bettor as a free bet.
A bettor does not get a money-back offer where the bet is lost and the precondition is not met. For example, a bookmaker offers a money-back where a team emerges the winner. If the bet is lost and the team also goes ahead to lose the game, the bettor will not get their money back.
This is an offer made by a bookmaker to a new bettor on their first bets. It is similar to a reload offers that is given to a veteran bettor by a bookmaker as a means of retaining their subscriber base. However, the risk of the free bet must be a single event and can be staked in all markets. If the bet is a winner, the money is credited into the bettor’s account as real money. But where the bet is lost, the bookmaker offers the bettor the same amount as a free bet which makes it risk-free because either way, the bettor wins. Although the offer is exclusive to one per bettor, there are no qualifying stakes or wagering requirements for this offer.
One of the biggest mistakes made under risk-free bets includes is selecting the wrong type of bet. Because risk-free bet ensures a bettor from loss, it allows bettors to use this bet for matched betting.
However, many bettors do not know what bet type to select. An infamous scenario is where a bettor intends to use their own money to place a stake. In this instance, the bettor makes a qualifying bet. But for a risk-free bet, the bettor must select the option ‘stake not returned’. Making a mistake can be expensive for the bettor.
