Money back betting promotions, otherwise referred to as cashback offers, are among the many deals that online betting sites now provide. They do exactly what you would expect, which is to allow you to get your stake back if you lose a bet.

Like with acca insurance, punters love this type of promotion because it is an element of consolation if you get unlucky and your bet does not win.

Some money back offers remain on betting sites for a long time, such as the Bet365 Bore Draw Money Back Offer, whereas others pop up around certain events and need something specific to happen in order for your bet to qualify for cashback.

Money back betting sign up offers are among the best welcome bonuses you can get as a new customer, especially if you get the stake back as cash.

The money back promotion can apply in various different situations – both for single bets and for the riskier types of bets such as accumulators – and can be compared to an insurance policy that guards against bad luck in your betting.

Bookmakers are becoming more and more creative with their betting promotions, so new formats are popping up all of the time, but below are some of the cashback deals you can expect to see on online sportsbooks.

• Money back welcome offer

Whether this is marketed as money back or a risk-free bet, these types of betting sign up offers are largely the same and allow you to get a refund if your first bet loses. Some bookies will give you your stake back as cash, whereas others will credit it as a free bet.

• Money back if you lose

The most simple money back is one where you get a refund if your bet doesn't win, with no other stipulations. This is usually only the case for money back welcome offers, but it can be for special existing customer promotions around big events too.

• Money back if 0-0

One example of a money back promotion is a no goals scored refund on football betting. If you have wagered on a certain score but the game ends in a 0-0 draw, the bookmaker refunds your stake. A number of bookmakers have implemented offers like this, including Bet365.

• Money back if something specific occurs

Whether it is football, horse racing, or any other sport, many promos can pop up across betting sites in which you get your money back if you bet on an event, and 'x' happens in that event. For example, the fixture could be Manchester United vs Liverpool, and you get your money back on all losing bets if Mohamed Salah scores. Look out for these deals on betting sites, as they can come at any time.

• Horse racing money back offers

Horse racing is a great sport for money back offers, and there are various circumstances that bookies could use as a way to give cashback. A common deal is free bet if 2nd, meaning if you back a horse and it finishes in second place you get your stake back as a free bet. You could also get your money back if the favourite wins or if your horse falls in a jump race.

• Acca Insurance

Lots of punters love placing an acca on the weekend's football, and thanks to the many acca insurance promotions that are on betting sites, there are opportunities to get your stake returned if one leg lets you down. While this is a money back offer, it is somewhat of a category of its own, and you can read more about it on our acca insurance page.

Every top betting site has a breadth of betting promotions, and the very best bookmakers have a selection of money back offers as part of their range of deals.

Some have longstanding money back deals, whereas others instead list them from time to time. Just because a bookie doesn't have many cashback offers on display right now, that does not mean they will not have one soon.

But in recent times, the below online betting sites have been the best when it comes to money back promotions.

Top 10 Money Back Betting Sites

1. Paddy Power - Regular money back deals
2. GentingBet - £25 free bet if first bet loses
3. Unibet - £40 money back welcome offer
4. Bwin - Free bet up to £10
5. Sportingbet - Backup bet on your first wager
6. Bet365 - Bore Draw Money Back Offer
7. Coral - Various racing money back offers
8. Ladbrokes - Acca Insurance
9. Betfair - Acca Edge
10. MansionBet - Premier League Brace Insurance