How Do Bet Insurance Offers Work And What Promotions Are Available?

By Ian John
December 23, 2023

Bet Insurance offers have become one of the most prominently available forms of offer at online sportsbooks in recent times.

Many of the top service providers in the industry have at least one of their own betting insurance deals or guarantees available. Some may well have more than one.

So, what is it about this offer that appeals to punters? How do they work and what are some of the more eye-catching insurance offers available to punters at the present moment in time?

In this article, we intend to answer all of those questions and more!



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So let’s begin with the obvious question:-

What is a Bet Insurance offer?

Bet Insurance Soccer Substitute Guarantee Bet365

Sometimes when you place a bet, you could potentially lose the bet in several unfortunate and unforeseeable ways.

For example, if you place a bet on the first goalscorer in a soccer game and your pick gets injured in the first few minutes of the game and is substituted, then that is very unlucky.

Similarly, if you place a bet on a tennis superstar to win a match, and they injure themselves during a game which requires them to retire, thus defaulting. That is another way in which you can lose a bet that perhaps would otherwise have been a winner.

What a bet insurance offer tends to do, is give punters a break should a certain event happen within a game that they have bet on.

And by giving them a break, we mean that the sports betting site will return their stake to the punter should their bet qualify for the bet insurance offer.

On some insurance-themed offers though, the sports betting provider will pay out their bet as a winner, should a certain circumstance happen within the game or match being played!

Either way, it means that instead of losing their money, the customer will at least get their stake back and in some cases, may even be paid out as if their bet was a winner!

Of course, there are a huge number of potential scenarios that this type of stake insurance can be offered by sports betting sites, so you will often find that the exact details of the offer are very specific, ensuring everyone is clear how each type of insurance offer works.

How does a typical Bet Insurance offer benefit a customer?

Bet Insurance Tennis Retirement Guarantee bet365

There are generally two different ways in which this type of offer will benefit a customer, depending on what the specific terms and conditions of the offer are.

  • Return of Stake

The first and most common form of wagering insurance bonus is that the customer will receive their stake money back, should their bet qualify for the bet insurance offer.

What is important to note here is that your stake could be returned as cash, or more likely, as a form of bet credit or free bet which you can use with the site on a future bet.

Your stake will be returned in full in the case of a single bet.

However, if your selection is part of a multiple bet, then it is best to check what the terms and conditions of the offer state in this case.

Often, the selection will be declared void and the remaining selections on your bet allowed to continue, rather than you losing the bet.

  • Bet Paid As Winner

In some circumstances, it may be the case that the insurance offer from the betting site will mean that when triggered, your bet will be paid to you as a winner.

This is the case with the aforementioned bet365 Tennis Retirement insurance offer mentioned above.

Although rarer than stake return insurance deals, in the case of this type of insurance offer, your bet will be paid out to you as if you had won the bet outright.

However, it is still worth checking whether the pay out will be paid to you as standard cash, or as a free bet/bet credit payout.

What are some of the best Bet Insurance offers available on the market today?

The best place to head for several different insurance offers is bet365 Sport.

Customers can select from a trio of different offers of this type; namely –

  • Soccer Substitute Guarantee
  • Tennis Retirement Guarantee

What makes these offers appealing to customers is that they are long-term offers available on the bet365 Sport platform throughout the year. Furthermore, users can access the offers any time they make a qualifying bet.

18+ Only. New and Eligible customers only. Bet Restrictions and Terms and Conditions apply. Applies to selected specified bets for each offer.


What is Bet Insurance?

A Bet Insurance guarantee is an offer from a betting site that will see a punter receive their stake money back (either as cash, or a free bet – depending on the offer) should their bet meet certain stated parameters.

Parameters can include a player being forced to retire or be substituted from a game for any reason.

When this occurs, instead of losing the bet, the customer will receive their stake money back (as either cash, or a free bet) from the site in question.

Bet insurance offers can be made available across many different sports and for many different scenarios.

My Bet Qualifies For Bet Insurance, Will I Receive It Automatically?

Yes. For most bookmakers, if your bet qualifies for a bet insurance offer, then there is no need to opt in to the offer in order to be eligible to receive it.

However, it is still a good idea to check the terms and conditions of the offer to ensure that you understand how the offer is applied and what its parameters are.

What Are The Best Bet Insurance Offers Available?

Bet365 Sport has a number of good bet insurance offers including a Soccer Substitute Guarantee, Bore Draw Money Back and a Tennis Retirement Guarantee.

18+ Only. New and Eligible customers only. Bet Restrictions and Terms and Conditions apply. Applies to selected specified bets for each offer.

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