Insurance bet horse racing Promotion Explained - (2021)
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?
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
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.
Free bets must be claimed within 28 days of opening. Free bet stake not included in any winnings. Ts&Cs Apply. 18+ begambleaware.org
Full Terms Apply
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