Online betting has become incredibly popular over the past few years. With so many options to choose from, it can be overwhelming trying to find the right betting site for you. One site that has been gaining a lot of attention lately is 1xbet.
1xbet is an international online betting company that offers a wide variety of betting options for sports, esports, and much more. One of the standout features they offer is 1xbet insurance on certain bets. This insurance option is unique to 1xbet and can really help minimize potential losses.
But what exactly is 1xbet insurance and how does it work? In this comprehensive guide, we’ll explain everything you need to know about using 1xbet’s insurance system for your bets.
What is 1xbet Insurance?
1xbet insurance is a feature that allows you to insure certain bets that you place on the site. By paying a small additional fee, you can make sure that if your bet loses, you’ll get a percentage of your stake back.
Essentially, the insurance acts as a safety net for when your bets don’t pan out. Instead of losing your entire stake, the insurance policy covers a portion of it.
For example, say you place a £100 bet at odds of 2.0 and choose to get 80% insurance on it. If the bet wins, you get your winnings as normal. However, if it loses, you’ll get £80 refunded from the insurance policy.
The insurance percentage options at 1xbet typically range from 70% to 80%. The higher the percentage, the more you’ll pay in insurance fees. You can choose whichever percentage makes you most comfortable based on the size of your stake and the confidence in your bet.
How Does 1xbet Insurance Work?
Using 1xbet insurance is straightforward. When you go to place a bet that’s eligible for insurance, you’ll see a checkbox to add insurance to your bet slip.
Simply check the box and you’ll be able to select your desired coverage percentage. An additional fee based on the percentage chosen will be added to your bet.
For example, say you make a £100 bet and choose 70% insurance. Your insurance fee would be around £15 on top of your stake. This secures the 70% refund in case the bet loses.
The bets that are eligible for insurance will have an “i” icon beside them in the sportsbook. Not all bets can be insured. 1xbet determines the eligibility based on the sport, league, and type of bet.
Generally, straight bets on full games in major markets are more likely to have the insurance option. Large accumulator bets can also frequently take insurance. Props, live bets, and less popular leagues are usually ineligible.
Once your insured bet is settled, if it’s a winner you get paid out normally. But if it loses, the insured amount automatically refunds back into your account wallet within 24 hours. You don’t have to do anything extra to claim the refund.
Why Use 1xbet Insurance?
There are a few key reasons why 1xbet insurance can be extremely valuable:
Minimizes Risk: Betting always comes with an inherent risk, as nothing is ever guaranteed. Insurance reduces the risk on your bets substantially. You can make riskier bets with the safety net knowing you’ll get a good portion of your money back if you lose.
Boosts Confidence: Being able to insure your bets allows you to bet bigger stakes with more confidence. You have less hesitation putting down large wagers knowing the insurance has you covered if things don’t go your way.
Creates Value: Even if you lose an insured bet, you’re still getting value back thanks to the insurance refund. Essentially you’re paying for part of your stake to be risk-free. This creates a discounted price to make bets with insurance.
Second Chance: Instead of losing your entire stake on a bad beat, insurance gives you a second chance to win it back on your next bet. The refund money goes right back into your account to play with again.
While 1xbet insurance comes at a small additional cost, frequent bettors will find the extra protection and minimized risk well worth the price. It’s a simple way to add an extra layer of security to your betting experience.
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Is 1xbet Insurance Worth It?
1xbet insurance allows you to recover part or all of your stake if you lose a bet, providing a safety net against potential losses, but you have to pay an additional fee upfront for this protection which eats into winnings. Whether it’s worth it depends on your risk tolerance and how much insurance coverage you require for your betting activities.
What Happens When You Insure a Bet?
When you purchase insurance on a bet through a platform like 1xbet, you pay an additional fee upfront to mitigate potential losses if the bet does not win. If the bet ends up losing, the insurance policy will pay out all or a portion of the original wager amount, protecting you from some of the losses.
What Bets Can You Insure at 1xbet?
1xbet allows insurance on a wide variety of the most popular bets, including:
- Moneyline bets
- Totals (over/under)
- System bets
- Match result markets
- Both teams to score bets
- Correct score bets
- Outright winner bets
- Other straight bets on full games
In general, the major markets in football, basketball, tennis, hockey, baseball and other mainstream sports have insurance availability. This covers sides, totals, and common mainlines.
American sports like NFL and NBA are especially likely to have insurance options. You’ll also frequently find insurance offered for big championship matches or events like the Super Bowl or Wimbledon final.
The list of insurable bets is always expanding too. Make sure to check for the “i” icon when browsing events you want to bet on.
Limits and Requirements For 1xbet Insurance
While 1xbet insurance provides value, there are some limit requirements to keep in mind:
- Minimum Odds – Bets must have minimum odds of 1.40 or greater to qualify for insurance. Large favorites with very low odds are ineligible.
- Minimum Stake – The minimum amount you can place on an insured bet is £5. Any bet under £5 cannot take insurance.
- Maximum Stake – 1xbet sets maximum stake amounts on how much you can insure. This limit depends on the sport. Football may allow up to £300 while tennis may only allow £100 for example.
- Maximum Payout – 1xbet also sets limits on the maximum insurance payout you can receive. Typically this ranges from £500 up to £2,500 depending on the sport.
- One Selection Only – You can only insure one selection per bet slip. If a parlay has 6 legs for example, you can only pick 1 selection to insure, not the whole slip.
- Live Bets Excluded – 1xbet insurance is only available for pre-match bets. No live, in-play bets can be insured.
1xbet’s insurance system allows bettors to mitigate potential losses by paying a small additional fee upfront when placing wagers. If the bet ends up losing, the insurance policy will pay out a portion or all of the original stake, providing a safety net.
The amount covered and payout rate depends on the type of insurance purchased. While the extra cost eats into winnings, insurance can provide peace of mind for risk-averse bettors or high-stakes wagers. Whether it makes financial sense depends on your personal risk tolerance and betting style.
Do all Bets Qualify for Insurance?
No, only certain pre-match bets are eligible, primarily full game bets in major markets. Live bets, props, and less popular leagues usually don’t qualify.
Do Winnings get paid if the Insured Bet Wins?
Yes, if your insured bet wins, you still get the full payout as normal. The insurance only pays out refunds on losing selections