Spend enough time on a few different bookies’ websites, and you’ll soon start to recognise certain patterns in the types of betting promotions they offer. Different bookies will have different names for their particular versions of those promotions, but – overall – the principles will remain the same.

Money back betting offers (sometimes known as ‘cash back’ offers) are just such a type. They’re easily one of the most common promotions around, and the chances are your bookie of choice has at least one of them already. We’ve tested all of the best money back offers available right now, and in this article you’ll learn what a few of them entail, and how the various types of cash back deals work. Let’s get started!

Best Money Back Offers (Updated: July 2020)

ITV Racing: Money Back Second
ITV Racing: Money Back Second
Play a Race Winner bet on any ITV race that has six or more runners. If your horse places second, Betway will refund you up to a £/€20 Free Bet. Full T&Cs apply.
Betway ITV Racing Mone Back Second
Betway ITV Racing: Money Back Second
Get a refund up to a £/€10 Free Bet if your horse places second when you place a Race Winner bet on any ITV race that has 6 or more runners. T&Cs apply.
Bet365 Bore Draw Money Back
bet365 Bore Draw Money Back
Place a pre-match Correct Score, Half Time/Full Time or Scorecast bet on any Soccer match to get a refund for any soccer game that finishes 0-0 and your bet loses. T&Cs apply.
Coral Fail to Finish
Coral Fail to Finish
Get money back as a free bet up to £10 when you place a minimum £1 win or each-way bet on any of the race’s at the day’s nominated meetings and your horse fails to cross the finish line. This is an exclusive Coral promotion. T&Cs apply.
888Sport American Dream
888sport American Dream
Place an American sport multiple that consists of a minimum of five legs on any American sport market. If it fails by only one leg you’ll get your stake refunded as a Free bet up to £25. T&Cs apply.
Grosvenor Cashback on VAR
Grosvenor Cashback on VAR
Take advantage of this exclusive Grosvenor Sport offer! You’ll be fully refunded your losing stake in cash if your Premier League and Champions League goalscorer bet is scuppered by VAR (Video Assistant Referee). T&Cs apply.
Grosvenor Horse Racing Cashback Offer
Grosvenor Horse Racing Cashback Offer
Back a horse in any ITV National Hunt race and if your horse touches down in the lead after the last jump but fails to win the race, you’ll get your stake refunded up to £25 cash. T&Cs apply.
Novibet The Match Ends at 88’
Novibet The Match Ends at 88’
Get your losing bets returned up to £50 per qualifying bet when you place live soccer bet(s) and your bet(s) that was winning up until the 88th minute of the game loses. T&Cs apply.
BoyleSports Fair Play Free Bet
BoyleSports Fair Play Free Bet
Place an outright single or each way bet at any UK or Irish race meeting and get a refund up to £100 if the horse you back fails to race after coming under starting orders. T&Cs apply.
ToteSport Money Back Welcome Offer
ToteSport Up to £10 Risk Free Bet
Get up to £10 in cash back if your first bet settles as a loser. Simply register an account, make your first deposit of £1+ and place a bet (no min. amount) on a Tote product. T&Cs apply.
Genting Bet 10 Free Bet
Genting Bet Sports Welcome Offer
Create a new player account and make your first deposit and a qualifying bet of at least £10. If your bet (£10 E/W) at odds of Evens (2.0) settles as a loser, you’ll get a £10 Free Bet. T&Cs apply.
SBK Welcome Offer
SBK Deposit £20 Get £20 Risk-Free
Create a new account and use Debit/Credit Card, Trustly, or bank transfer to make a first deposit of £20+ and place a bet on SBK. If the qualifying bet you make settles as a loser, your stake will be refunded in cash up to £20. T&Cs apply.
Fitzdares Home PDC Tour Money Back
Fitzdares Home PDC Tour Money Back
Get your money back up to a £100 refund if you back a player in the Home PDC Tour who has match darts and goes on to lose in the first game of any day in the Home PDC Tour. Up to £100 refund per account, per match, with refund on losing pre-match win singles only. T&Cs apply.

What is a Money Back Betting Offer?

At a basic level, there are two aspects to building up your betting account. Obviously the quickest way to do so is to win your bets… but it’s also important to try and minimise your losses as much as possible.

Money back bets are a brilliant way to help you accomplish the latter. Normally, when you lose a bet, you’ll lose your entire stake. Here though, when you lose a wager that’s covered by one of these deals, you’ll get your stake returned to you, ready to use again on another – hopefully more successful – bet. In the best cases, with cash back betting offers, your stake will be returned as cash. More commonly, however, it’ll be returned as a free bet. Still, that’s definitely better than nothing!

There are quite a few different types of money back offers, with ‘acca insurance’ and ‘favourite wins’ being two of the most common. We’ve explained what those entail in more detail later on, but – whatever the specifics – they follow the same general idea.

How do Money Back Betting Offers Work?

Each bookie’s money back betting offers will work a little differently, so – as always – make sure you read those T’s & C’s before trying to use the promotion. Generally speaking, though, you’ll place a bet on an eligible market, fulfilling any betting requirements necessary, and get your stake back if that bet loses.

To help clarify exactly how these money back betting offers work, here’s an example of how to use one of the best around right now – the Bet365 Bore Draw Money Back promotion:

  1. Register at Bet365, and fund your account
  2. Go to the ‘Soccer’ section
  3. Eligible bet types for Bore Draw Money Back are Half Time/Full Time, Correct Score and Scorecast
  4. Liverpool are playing Everton, and you take Draw/Liverpool on a Half Time/Full Time bet, with a £5 stake
  5. The first half finishes 0-0, so you’re on course to win the bet… but then the second half finishes 0-0 too!
  6. Normally, you would lose your stake here. Because you were covered by Bore Draw Money Back, though, you get your whole stake returned to you
  7. £5 is credited back to your balance – in cash – ready to use again immediately

Types of Money Back Offers

As noted, ‘money back offers’ is a catch-all term for this promotion type. Within this broad category, bookies have found plenty of room for creativity. All will offer you a return on a losing bet, with some giving you money back as cash, and others doing so via free bets, but the ways in which they do this vary dramatically.

These are some of the most common money back and cash back offers.

Accumulator Insurance

Acca insurance offers are almost certainly the most popular type of money back promotion. You’ll find them not just with the biggest bookies, but often from newly-launched sportsbooks too.

The accumulator might be the most famous bet type around, but – by its nature – it’s also one of the riskiest. Stick a six-fold down, and even when you nail five of your predictions, if that sixth one fails then your whole bet goes down in flames. That’s a pain which every experienced bettor knows, but it’s also one which acca insurance offers remove from the equation.

With your typical accumulator insurance deal, you’ll put down an acca with a required minimum number of legs; usually four. If the acca comes off, you collect your winnings as normal. But if one leg of the accumulator fails, you’ll get your entire stake returned. Thus, this offer won’t help you win more multiples bets, but it drastically reduces your chances of losing them.

Ladbrokes have some of the best acca offers around, with a boost, live edit feature and insurance deal all available. Perhaps the best thing about their Acca Insurance Promotion is the freedom you’re given in terms of bet types. Instead of being limited to simple match winner selections, the offer is eligible for Both Teams to Score, Correct Score and Over/Under markets too.

Money Back if the Favourite Wins

While slightly less common than accumulator insurance, this is still one of the most useful cash back offers around. It’s also a simple one to understand; you back a ‘runner’ in a race, and – if your winner doesn’t win, but the pre-race favourite does – you get your money back, either as cash or a free bet.

Technically any sport involving racing could support this offer, but you’re much more likely to find it on horse racing than any other market. It’s not necessarily a year-round promotion type – compared to Non Runner No Bet, for example – but when the major festivals roll around, you’ll often see ‘money back if the favourite wins’ promotions popping up.

Betfair have offered this as an ongoing promotion before, but Sky Bet provide arguably the best event-specific versions. For a recent Royal Ascot, for example, they gave out this deal on the first race for every day of the festival, refunding your stake up to £25 as a free bet if your pick did indeed lose out to the favourite.

Money Back If You Lose

Again, this isn’t the most common money back offer you’ll see… but it might just be the best. That’s because it delivers exactly what you want from such a promotion – simply giving you your stake back – but with very few requirements or restrictions.

This being such a good deal for the bettor, and such a bad one for the bookie, is probably why you don’t see it too often! Finding this as an ongoing promotion is extremely rare. You’re more likely to come across it as an event-specific deal – on races at the Cheltenham Festival, for example – but by far the common place to find it is as a welcome offer. In these cases, in return for signing up and making a deposit, you’ll be rewarded with one or two ‘risk-free bets’, with minimal market restrictions. If you win them, you simply keep your winnings; if you lose, you’ll get the entire stake back.

The current Paddy Power New Customer Offer is a perfect example. You sign up using the promo code YSKAEQ, deposit at least £10, then bet up to £10 on any regular betting market. If the bet loses, you’ll get your money back as cash straight away.

Money Back Offers Terms and Conditions

Although money back offers are one of the easier promotion types to understand, they will always come with some T’s & C’s attached, which you’ll need to keep in mind.

These are the most common examples.

Stake & Refund Amounts

Ongoing cash back promotions won’t usually have a minimum stake attached. This might change for event-specific promotions, though, and there will almost certainly be a minimum stake requirement for sign up money back offers.

As for refund amounts, most bookies will generously return your entire stake, whether that’s money back as a free bet or as cash. Some, though, will only refund a certain percentage, often 50%.

Minimum Deposit

When it comes to cash back welcome offers, every bookie will have some kind of minimum deposit. Normally this will be £10, but some will require as little as £5. Also know that the minimum deposit amount might vary depending on your payment method.

Wagering Requirements

In the very best case – a simple ‘money back if you lose’ promotion – there will be almost no wagering requirements. Normally, though, there will be some restrictions on eligible bet types. There might be minimum odds too, and – if it’s an accumulator deal – there will be a minimum number of selections.

Validity Period

This is one of the first things to check when you find a cash back offer. If it’s an ongoing promotion, exactly how long will it last? If it’s a welcome offer, do you need to take advantage of it immediately, before it expires?

Also, be aware that free bets have their own validity periods. If you get one as a refund, rather than cash, be sure to use it in time!

Payment Options

Most sign up promotions will have a list of eligible and ineligible payment options, and money back offers are no different. Just because a payment method is listed on the ‘Deposit’ page, does not mean it can be combined with the welcome offer!

Cash Back Betting Tips From Our Experts

The appeal of these money back offers is clear, and – however you use one – it’s pretty hard to go wrong! That said, there are ways to try and squeeze the most possible value out of them.

These are a few of our most important tips.

Read the small print

This is our number one rule for all promotions, and it’s certainly no different with cash back offers. However good an offer seems, you should always check those T’s & C’s anyway. The most important ones to look for are wagering requirements, whether that be eligible markets, minimum odds, or minimum stakes.

Understand free bets

Ideally you’ll get your money back as cash. If it comes as free bets, that’s okay too, but make sure you know how they work. Specifically, find out how long they’re valid for, and be aware that you won’t get your stake back with a winning free bet.

Event-specific deals

Plenty of bookies might not have ongoing cash back offers, but will bring them out in conjunction with a major competition. Big football matches (like cup finals) and horse racing festivals like Cheltenham or the Grand National are great events to target.

Shop around

It always pays to have a few different betting accounts, and this is true for money back offers too. This allows you to take advantage of short-term deals immediately, and lets you compare different versions of the same promotion type – like acca insurance – and use the best one.

Stay in your lane

Football and horse racing are the biggest betting markets by far, and thus will have the most cash back promotions. Other sports like golf, cricket, tennis and so on will get them, though, when interest is at its highest; during a major competition, for example. If you’re more comfortable betting on these sports, simply wait until you see a relevant promotion that you like the look of.

Bottom Line

Certain promotion types have indisputably stood the test of time, and money back offers definitely fall into this category. The reason so many bookies provide them is, quite simply, because bettors love them!

It’s not hard to see why. Whatever the specific variant of this offer type, it will always provide some kind of safety net for your betting. Instead of losing your entire stake for a missed prediction, however unlucky you were, you’ll get a little extra room for error. Whether that’s one leg of an accumulator, or an entire risk-free bet, it’s still allowing you to retain that money and – in the best cases – use it all again on another bet.

Remember, building up your account is not just about winning bets, but about minimising losses too. That’s exactly what money back offers do for you, and that’s why – for smart gamblers, looking to turn a long-term profit rather than relying on ‘getting lucky’ – using these promotions wherever possible is an absolute no-brainer.