How much of my stake is refunded if I use Playabets Bet Insurance?

Short Answer: Playabets Bet Insurance refunds up to 100% of your qualifying stake as a Free Bet. The exact amount you receive is equal to your original stake, but it is capped at a maximum refund of R1,000 in bonus money per bet or per customer.

If your stake is R1,500, you will only receive the R1,000 maximum refund.

1. The 100% Refund and Cap

According to the Playabets promotion terms, your Free Bet will be worth 100% of your qualifying stake, subject to a maximum refund of R1,000 in bonus money. This means the insurance covers your full stake up to that cap. The refund is issued as a Free Bet, not as cash, so it must be used to place a new wager.

2. What You Must Remember

The Free Bet is only triggered if your multi bet loses because of exactly one selection. It must contain at least 5 selections, each with odds of 1.35 or higher, and a minimum overall odds of 26+. The Free Bet is valid for 3 days from the time it is credited. You must use the Free Bet in full on a single wager; if you receive a R500 Free Bet and use it on a R250 bet, the remaining R250 is forfeited. Only the winnings from the Free Bet are credited, not the stake itself.