How does the Bet Insurance promotion work on Playabets?

Short Answer: The Playabets Bet Insurance promotion gives you a free bet refund of up to 100% of your stake if just one leg of your qualifying multiple bet lets you down. It is a safety net designed for near-miss accumulators.

To qualify, your bet must meet strict criteria, including a minimum number of selections and specific odds requirements.

1. The Qualifying Criteria

According to the Playabets promotion terms, you must place a multi bet with at least 5 selections. System bets, permutations, and single bets do not qualify. Each selection on your multi bet must have odds of 1.35 or higher, and the minimum overall odds of the entire bet must be 26+. The minimum stake to get in the game is R1. Bets placed using bonus money or Free Bets are excluded.

2. How the Payout Works

Only multi bets with exactly 1 lost selection out of 5 or more will qualify. If a selection is settled as Void, it is not treated as a lost leg, and your bet may drop below the 5-selection minimum, invalidating your eligibility. Your Free Bet will be worth 100% of your qualifying stake, subject to a maximum refund of R1,000 in bonus money. The Free Bet is valid for 3 days and must be used in full on a single bet.