Money back specials are a promo offered by certain online sportsbooks that can be very lucrative for players that take advantage of them. I received an email today (the day of writing this) with a money back special on the first Manchester United vs Chelsea match of the EPL season.
In order to explain what a money back special is and how to best use it I’m going to use the example I received.
The sportsbook is promoting the money back special as a free $50 in-play bet on the Manchester United vs Chelsea game. If you place any pre-match bet on the Manchester United vs Chelsea match then your first in-play bet will be refunded (up to the amount of your pre-match bet with $50 max) if it loses. I think of this as a money back special type of offer because if your in-play bet loses you receive the money back.
You can probably see by now how great an offer this is.
Guarantee a Profit
You are even able to easily guarantee a healthy profit with this offer if you use it correctly. For this exact example I will be setting my alarm for kick-off so I don’t miss the opportunity to place this free in-play bet.
Here is one simple way to guarantee a profit using the double chance and 1×2 lines:
Place a $50 pre-match bet on (Manchester United or Chelsea) at odds of 1.33. Then early in the match place a 3-way bet on a draw at odds of 3.40.
If either team wins your $50 bet pays out $66.50 and your in-play bet is refunded, leaving you with a $16.50 profit.
If the game ends in a draw your $50 pre-match bet loses, but your $50 in-play bet wins $170, leaving you with a $70 profit.
It’s a win, win situation!
There are many different ways to place your bets. You could even wager $50 on Manchester United pre-match and another $50 on Man U in-play and simply have $100 riding on Manchester United for the price of $50.
No matter what you decide it is absolutely crucial that you do not forget to place your in-play bet. Otherwise the promotion loses all of it’s value.
Other Money Back Specials
The example listed above is just one type of money back special that provides a great deal of value for bettors. Another money back special that sportsbooks offer is refunds on bets made on games that end in 0-0 draws. There are several different money back specials offered by online sportsbooks and it is important that you always read the terms & conditions in order to ensure that you fully understand how to take advantage of the promotion.