Money Back Bets Definition
Introduced by famous Irish bookmaker Paddy Power (£/€50 Free Bonus - only for Soccernews' players!) and embraced by the majority of top online bookmakers, Money Back Bets or Money Back Specials have taken the betting world by storm over the last few years.
These kinds of bets are basically seen as promotional offers seeing they are only offered on major events and promise to refund your stake as a free bet if an event advertised in the offer actually happens.
Only pre-match single bets qualify for refunds, provided they are placed on specified game markets.Example
Paddy Power promises to refund all losing 1st goalscorer, last goalscorer, correct score and scorecast singles on matches Bulgaria vs England and Ireland vs Slovakia if England or Ireland lead at half-time but fail to win their match.
If you have placed a £40 bet on Wayne Rooney to score the first goal for England but he fails to do so, your will get the £40 back as a free bet if either England or Ireland indeed lead at half-time but fail to win their game.