Insurance Bets
What are "insurance" bets? Learn about the unique promotion offered by many sportsbooks to help you mitigate losses.
Overview
If you ever see a sportsbook advertise a promotion that includes the word “insurance,” they are likely offering money back for losing wagers in the form of bonus bets. This may be the full or partial amount of your wager.
A popular form of “insurance” offered by sportsbooks is parlay insurance. This may look like “same-game parlay insurance up to $25,” which means that anyone who redeems the promotion and loses their parlay will receive their stake up to $25 back in the form of bonus bets.
More from Sportsbook Promotions
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