The Insurance bet horse racing Promotion Explained - (2021)

Insurance bet horse racing Promotion Explained

Updated: 28/11/2021

If you are looking to cover your horse racing bets with available methods offered by the online bookmakers then read on. 

You may have heard of the term “Insurance bet horse racing” but wondered what it is and how it works?

What is an Insurance bet in Horse Racing?

Put simply the Insurance bet horse racing option means you take a slightly shorter price about a horse you place a win bet on – but in return if it places and doesn't win – instead of losing your stake you get your money back. 

The horse would have to place within the allowed placings payout of the race so it depends on how many horses run.

Have a look at the Spreadex bookmaker's Horse Racing markets as a further example:

In addition to Win-Only, Each-Way, Accumulators, Multiples, Forecast and Tricast betting, Spreadex's fixed odds horse racing betting service also includes Place Only, Insurance and Betting Without Named Horse markets.

Find out more about how these horse racing betting markets work below.

Place Only Horse Race betting

This is a straight single bet on the horse to place i.e. finish in the first two, three or four depending on the number of runners in the race.

  • If it finishes in the first 2/3/4 your bet wins.
  • If it doesn't your bet loses.

Insurance Bet Horse Racing explained

This is a bet on the horse to win but you get your stake back (rather than losing the bet) if it finishes second or third, depending on the number of runners in the race.

As a result you get a slightly shorter price than the usual ‘to win' price.

Betting without a named horse

This is a bet on your horse to win excluding a given other horse in the race (normally the favourite).

I.e. your bet will win if your horse either wins the race or finishes second behind the horse, otherwise it loses.

Which Bookies have Horse Racing betting Insurance

See which best horse racing betting sites offer the Insurance feature below.

William Hill Mobile Offer William Hill Mobile Offer

Bet £10 get £30 in free bets (H30)

Bet £10 get £30 in free bets (H30) – Desktop and Mobile

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#AD 18+. Full Terms & conditions apply. Please
18+. Play Safe. New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply.
Betfred Betting Offer Betfred Betting Offer

Get £30 in Free Bets

One of the longest serving bookmakers since 1967 you can now enjoy placing bets at Betfred online and enjoy unrivaled bonuses and quality of service. You'll find a huge range of betting markets to enjoy and a multitude of bet choices. There's also a Live Casino, Games, Bingo, Poker and Virtual betting on offer.

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#AD 18+. Full Terms & conditions apply. Please
New 18+ UK customers. 1st bet on sports of £10+ in one transaction at evens (2.0)+ settled within 7 days of registering (exc. 10/04/21). £30 paid in free bets within 10 hours of bet settlement, 7-day expiry. Payment restrictions apply. Full T&C's apply.
Spreadex Review Spreadex Review

Up To £25 in Bonus Bets

Join a specialist in Spread betting AND Fixed odds - so you get the best of both types of gambling at one site. Their In-Play platform is one of the best and there's now Live Streaming offered on sports - a winner from the start!

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#AD 18+. Full Terms & conditions apply. Please
In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.
Free bets must be claimed within 28 days of opening. Free bet stake not included in any winnings. Ts&Cs Apply. 18+

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