Most bookmakers now offer money back or refund promotions to existing customers. The offers mean existing customers will have their stake returned under certain circumstances. Taking advantage of these offers can extend your bankroll, helping you get the best value for the money you spend.
What is a money back betting offer?
Money back or refund promotions allow existing customers to place a bet and get their stake returned under certain circumstances. Betting sites know these offers are attractive to regular betters and will often select the day’s most prominent race or football game to include in these promotions.
There are always specific requirements for receiving a refund if you place a bet on the selected money back markets. Those requirements will vary between betting sites and the sport you bet on. For example, if it’s a racing bet, it could be your selection being beaten by a certain distance. If it’s a football money back offer, it may be that your stake is returned if the game finishes goalless.
The refund rewards also differentiate how good each promotion is for punters. The refund limit will differ between each betting site. The form of refund can also vary. Most offer the refund in the form of free bets, while some provide straight cash.
How can I get a money back offer – Step-by-step guide
Each bookmaker will heavily advertise any money back or refund offers available to existing customers on their website or app.
The exact process of participating in these promotions may vary slightly with each betting site, but here is a general guide showing how existing customers can get involved:
- Sign in to your account on your chosen betting site.
- Navigate to the promotions page of the website.
- Find the money back offers within the list of existing customer promotions.
- Place your bets in accordance with the selected markets and wagering requirements if you decide to take advantage of a money back promotion.
- Keep track of your bet.
- If the specific money back requirements happen, your stake will be returned to you. Most likely as a free bet.
Ensuring your bet qualifies under the money back terms and conditions is essential. Make sure to do this before placing your bet.
Which betting sites have money back offers?
Betting sites have long used money-back promotions to entice new customers, but the big bookmakers are now offering them to existing customers. The likes of Bet365, Paddy Power, and BetVictor all offer some form of money-back or refund promotion for returning customers. These offers and their terms change frequently, so keeping an eye on each betting site for new promotions is a smart move.
Best examples of money back offers
As stated above, the money back or refund offers differ on every betting site. Here are a few examples of the best promotions that existing customers can benefit from.
Paddy Power Player Justice Refund
This Paddy Power money back offer is a great one for football fans. If you back a player in a number of selected markets and they don’t make it to half-time, you’ll get your stake back. That means you’re covered if there’s an unfortunate injury or a manager makes a drastic decision. The promotion covers goal scorer and card markets, which are two of the most popular among football fans.
BetVictor Run For Your Money
Anyone who regularly bets on racing has had the unfortunate experience of their horse refusing to race or getting stuck in the stalls. There’s no bigger disappointment as a racing fan, it feels like you haven’t earned your money’s worth. This money-back offer eliminates the risk of that happening! Racing punters who bet with BetVictor will get their stake refunded as cash if their selection refuses or whips around at the start, fails to come out or loses all chance at the stalls.
Betfred Free Bet If 2nd
This Betfred offer is a solid one for horse racing bettors. They will refund the stake of existing customers’ horse racing bets if their runner finishes second in selected races daily. This promotion is not quite as good as the ones listed above, as the refund comes in the form of free bets instead of cash. It’s also only available on a selected number of races Daily, meaning there will probably be fewer races you want to get involved with.
How we rank money back offers – Brad Skinner’s verdict
Generosity of the offer
Several big bookmakers, including bet365 and BetVictor, now offer refunds from their money back or refund promotions as cash. Those are the most generous offers, as punters can choose to withdraw the cash if they want to. However, any form of stake refund or money back offer is not to be sniffed at. They can provide extra value for the money you spend on betting sites.
Regularity of the offer
Money back offers are now a big part of how betting sites attempt to appeal to existing customers. That means there’s likely to be at least one offer you can take advantage of each day. It also means they’re more likely to include the day’s most popular sporting events in those promos. Terms and offers will vary between the betting sites.
Simplicity of the offer
Betting sites do a solid job of making the requirements easy to understand for most of their money back offers. The advertising will clearly state what has to happen to have your stake refunded. You must ensure your bet qualifies for the way during requirements before placing it. You can check the full terms and conditions for each offer on the promotions section of the bookmaker’s website.
Outlay to benefit from the offer
It’s pretty obvious that a money back offer requires some form of cash outlay for you to benefit. The key is to make the most of the money back promotions on various betting sites to maximise the value you get from the money you spend. The punter controls the size of the outlay, as you can pick and choose which money back or refund offers you want to take part in.
Read more about the most popular existing customer offers
- Paddy Power Beat the Drop
- Ladbrokes Instant Spins
- Ladbrokes 1-2-Free
- Virgin Bet Fives
- Betway 4 to Win
- Betway 4 to Score
- Betfred Double Delight
- Betfred Prize Pinball
Interested in sign-up and welcome offers?
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Money Back as Bonus up to £40 + £10 Casino Bonus
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18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first sports bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Visit Unibet.co.uk for full T&C’s. #ADMoney Back betting offers FAQs
If a bookmaker is running a money back offer, it means you have the chance you receive your stake back if your bet loses, possibly in the form of a free bet. The trigger for receiving your money back will vary depending on the offer but should be highlighted prominently in the terms of the promotion.
If the money back offer is in the form of a bonus, it means you can’t simply withdraw the money straight out of your account. You’ll have to place the bet on a selection, with any winnings you receive then becoming withdrawable.
Some betting sites run bore draw promotions on selected football matches. This means you’ll be eligible for a refund on your bets if the game finishes goalless with a ‘boring’ 0-0 result.
There are a number of horse racing offers with offer refunds. One of the most common sees your bet refunded if your horses finishes in the second place, while a similar promotion sees stakes returned if your bet is beaten by less than a length.
If your horse is declared a non-runner right before a race, you can expect to receive your money back. There are also some scenarios where you’ll get your stake back if a horse refuses to race or gets stuck in the stalls. Keep an eye out for bookmakers promoting justice payments.
