As you start to explore the online gambling world, you will find many more options than just the traditional straight bets, including the money back special. Online betting offers many not so well-known betting types as well as many great promotions and bonuses. Speaking about promotions, the best type you can get is money back which is offered by many popular bookmakers. That’s why we have decided to create this page and help you understand what exactly they are.
What exactly is a Money back special?
You can probably guess from the name that a money back special is a wager type which allows you to receive back your stake. The condition for the money back special is usually a specific event during a match happening, and when it does, everyone who made a losing bet will get their money back. This could be really useful if you lose a bet due to a goal in the 90th minute.
There are many different types of money back specials available at the bookies (Paddy Power are known as money back specialists), but if you are still unsure what they are, here are some examples:
- If a boxing match finishes within three rounds, the losing bets will be returned.
- If someone scores first or last in a big football cup final.
- If a football team scores after the 88th minute in the Olympic Games, you get your stake back.
Basically, the money back special gives you a chance to not lose money even when your bet fails and is a pretty nice bonus.
When is the Money back special unavailable?
The only exception where you won’t get your stake back in a money back special is if your bet actually wins. For example, if the football team you backed scores the winner in the 89th minute in a match from the Olympic Games, you will be paid out your winnings and not the money back special. This is a win/win situation for the customer because the winnings will probably be larger than the stake itself.
We hope that now you understand what a money back special is, but before we end, there’s one more thing you need to know…
Is the Money back special available for all bet sizes?
Usually, the bookies have a return limit on the money back specials, so it’s probably not a good idea to bet much money if you are hoping for a good return from this bonus. Each sports betting site has different limits, but they mostly vary from ₦15000 up to ₦30000 at max. That is the main reason why you should always read the rules of a promotion before entering. Hopefully, you all now know the answer to the question “What exactly is a money back special and how can I claim it?”