Insurance bet horse racing Promotion Explained - (2021)

Insurance bet horse racing Promotion Explained

Updated: 03/08/2021

If you are looking to cover your horse racing bets with available methods offerd 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?

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 arcing 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.

Top Horse Racing betting sites

Mobile Wins review
If you are looking for a specialist Mobile betting site with great In-Play service and welcome offer Mobile Wins is a definite choice for you.
#AD 18+. Full Terms & conditions apply. Please BeGambleAware.org
New Players Only. Minimum stake £10, minimum odds 1.5, stake not returned. 10X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 30 Days from issue. Max conversion: £20 Full Terms apply.
Mansionbet Review
Established online bookmaker since 2003. Mansionbet provides Sports, In Play, Casino, Vegas, Live Casino and Virtual betting to enjoy. There's a dedicated Mobile App plus generous sign up offer. Regular promotions on offer at this top betting site.
#AD 18+. Full Terms & conditions apply. Please BeGambleAware.org
New customers only.
Min deposit £10 (UK debit cards only).
Bet £10 at odds of evens (2.0) or greater.
Multiple bets with cumulative odds of evens (2.0) count, each leg must have odds of 1/5 (1.2) to be eligible.
Each way bets are eligible to qualify for this promotion as a £10 each way (total bet £20) at odds of evens (2.0) or greater.
Upon qualifying bet settlement, 1x £5 Free Bet will be credited to your account. Once the first £5 Free Bet has been used, a further 3x £5 Free Bets will be applied to your account.
Free Bet stake not returned after bet settlement.
Free Bets can’t be redeemed for each way Betting.
No wagering requirements.
Valid for 7 days, each Free Bet must be used in its entirety.
Spreadex Review
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!
#AD 18+. Full Terms & conditions apply. Please BeGambleAware.org
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+ begambleaware.org
Infernobet Review
new ProgressPlay Ltd operated Gambling site for UK players. Full Licensed with a Free £10 bet whne you make a deposit of £10. Good for Live betting, Sports & Casino but no UK horse racing.
#AD 18+. Full Terms & conditions apply. Please BeGambleAware.org
New players only. Minimum stake $/£/€ 10, minimum odds 1.5, stake not returned. 10X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 Days from issue. Max conversion: $/£/€ 20.Excluded Skrill deposits.
Full Terms Apply

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