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Sportsbet.io India Multi Insurance Bonus

Author

Sadonna Price

Updated: Dec 11, 2023

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Losing a multibet because of a single selection happens quite too often.

To save your bets from those unfortunate one-game losses, Sportsbet.io has a Multi Insurance promotion, giving you that much-needed backup.

Just place a multibet with at least 5 selections, and you’ll get your stake back if the loss is caused by a single pick.

Let’s learn more about Sportsbet.io’s Multi Insurance feature in this guide.

Sportsbet.io India Multi Insurance Bonus

In all my years of betting online, there’s one issue that has plagued me the most: Losing a multibet because of a single selection.

It’s become an infuriating inconvenience that happens too often, and the problem is I never know which of my picks will be the one to make me lose my wager.

Sometimes, it’s even the one that I graded as the safest bet of them all.

One way that I’ve countered this is through Sportsbet.io’s Multi Insurance Promotion.

Essentially, you just need to build a multibet with 5 or more selections.

If this bet loses by exactly one selection, the site will refund your stake by giving you a free bet worth the same amount as your original stake.

To qualify for the refund, each bet in the multi needs to have odds of 1.50 or higher.

Another reason why I love this promo is because it includes all sports and covers most betting markets, except Asian Handicap and Asian Total markets.

Plus, you can also use it when you’re building a multibet that includes live wagers.

How Does Multi Insurance Bonus Work?

Here’s how bettors can use the Multi Insurance feature at Sportsbet.io:

  • Log in to your Sportsbet.io betting account.
  • Head to the available sports markets and build a multibet that contains 5 or more selections, each with minimum odds of 1.50.
  • On the bet slip, choose the “Apply Multi Insurance” option.
  • Should this multi lose because of a single selection, you’ll qualify for a refund in the form of a free bet.

Multi Insurance can be used once every 24 hours and carries over to the following day if it isn’t used.

So it’s easy to stack up many of these and redeem them when you’ve got tons of bets to place.

Worth noting is that Multi Insurance doesn’t apply to multi bets placed using bonus funds or free bets — bettors must wager using real money to qualify.

Wagering Requirements For Multi Insurance Bonus

If you want to withdraw bonus funds from the free bet, you just need to wager it once.

Anything that you win can be cashed out instantly, but it’s worth noting that the free bet stake is excluded from your final payout.

Also, you’ll have to use your free bet within 48 hours once it’s credited to your account.

You can use the free bet on any sport offered at Sportsbet.io, and you can even use it to place a single bet instead of a multi.

However, minimum odds of 1.50 apply when redeeming the free bet.

Terms & Conditions

Finally, let’s have a look at some of the T&Cs that Sportsbet.io has placed on this promotion:

  • The maximum stake amount that can be insured using this feature is limited to 25 mBTC.
  • Cashed-out bets don’t qualify for a refund.
  • Should one of your selections be voided or half won/lost, the multi-bet will no longer be eligible for the free bet refund.
  • Free bets are issued once all of the selections in the multi have been settled.
  • Wagers placed using free bets cannot be cashed out.
  • If you’re issued with a free bet, it can’t be withdrawn from your account. Only the winnings generated using the free bet can be removed.
  • Free bets will be issued in the same currency as the original wager.
Author

About the author

For almost two decades, Sadonna has remained at the forefront of the gambling industry in the US and abroad, covering the latest news and legal update...

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