Make bets on your favourite teams all you want with the new Multi Insurance feature at Sportsbet.io! With this feature, you won’t have to worry about a losing wager on pre-live, live and combined multi-bets. Try this new feature and make your sports betting experience richer.
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What is multi insurance at Sportsbet.io?
The multi insurance bet is a new feature that gives your losing multi-bet back as a free bet. This means you can bet with wagers you’ve lost and try your luck again! When used properly, this could net you a good payout even with a losing wager on your multi-bets.
What you need to know about multi insurance
How do you use this feature?
- Start by choosing a sport and match you want to bet on.
- Place a multi-bet with at least five selections.
- Then, click on the ‘Apply Multi Insurance’ option. Applying this feature ensures you don’t walk away without a reward.
- If one of your multi-bets loses, your bet will be returned to you as a free bet. Thus, you can enjoy multi-betting with a safety net in place, making the betting experience less risky.
When can I use the feature?
This feature is available once every 24 hours and will continue to the next day if unused.
What’s the minimum wager requirement?
A maximum bet of 25 mBTC or its equivalent can be placed in the accepted currencies. If your bet exceeds this limit, the amount above 25 mBTC will be refunded as a free bet.
It’s important to note that the maximum stake in fiat currencies depends on the daily fluctuation of the Bitcoin price. This also means that the maximum stake amount in traditional currencies may vary daily based on the current BTC exchange rate. So, make sure to monitor it and check before using this feature.
To which bets does this apply?
This option applies to all forms of multi-bets, including pre-live, live and combination bets. You may put bets on any sport and league in your multi-bet, giving you a good selection of alternatives to pick from.
Each selection in a multi-bet must have odds of 1.50 or above to qualify, which also applies to boosted events before Multi Insurance is considered.
If one of the selections in a 5-leg multi bet is cancelled, half-won or half-lost, the bet will no longer be eligible for the Multi Insurance free bet. Asian Handicap and Asian Total markets also don’t qualify for the Multi Insurance.
Furthermore, bets put using bonus funds, free bet tokens or any other promotional funds will not be eligible for this offer, guaranteeing that only real money bets will be accepted.
What are the payouts?
If your 5+ leg multi bet loses by just one selection, you’ll receive your stake back as a free bet. However, if you choose to cash out a multi bet with the multi insurance feature applied, it won’t qualify for a free bet.
Once the multi-bet has been settled, your free bet will be credited to your account in the same currency in which you placed the original bet. Free bets cannot be refunded or withdrawn from your account, and they come with an expiration period of 48 hours from the time of crediting.
How to use the free bet?
To use your free bet, you must place it on markets with odds of 1.50 or higher. Note that you won’t be able to cash out the bets you’ve placed with a free bet.
How to use the Multi Insurance feature on Sportsbet.io
Make sure you’re eligible to participate and join the campaign by making a Sportsbet.io account. Read below to see how you can get started:
Create an account on Sportsbet.io
- Click the green sign-up button in the upper right corner.
- Fill in the required information, like a username, email address, password, and phone number.
- After adding all these details, make sure to verify your account by checking your email inbox.
Deposit funds to your account
- Click the ‘Deposit’ button on the top right corner and pick a cryptocurrency. Sportsbet.io offers the most popular cryptos today, such as USDT, BTC, ETH and TON, to name a few.
- Scan the QR code or copy-paste the address to your crypto wallet. Input how much you want to deposit and complete the transaction process in your wallet.
- Wait for your funds to be credited to your Sportsbet.io wallet.
Place your multi-bets and use multi insurance
- Browse through the sports, matches and markets you want to bet on. Odds should be 1.50 minimum, and Asian Total and Asian Handicap markets are excluded.
- Pick your first bet and go to the Multi-tab on your bet slip. Pick more bets to wager on to meet the minimum 5-bet requirement.
- Tick the ‘Apply Multi Insurance’ option on the betslip.
- Place your bets and wait for the game results to know whether you’ve won or not.
- You get a Free Bet for every losing bet you’ve placed. It’ll be automatically credited to your account.
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