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What is a Money Back Special?

Updated Jul, 22nd 2022 Racing & Sports

Money back offers for selected races, or even some sporting bets, are common and generally found on a weekly basis throughout Australian corporate bookmakers promotional offers.

These promotions offer the return of your stake if the Win bet you placed on a horse in a selected race finishes second or third.

The return is either provided as ‘Cash Back’ or in the form of a ‘Bonus Bet’ equal to your stake, likely up to $50.00.

For instance, you may be betting on the Epsom Handicap or the Caulfield Guineas and if you back a horse, and it runs a placing but not wins, you may be offered a return for ‘getting close’.

Comparing bottom lines between using this promotion at starting price and say for example, best tote offered by a corporate bookmaker who doesn’t offer money back second and third, the difference is sizeable.

As a sample, we will use the example of favourites in each of the four group races conducted through the Grand Final Weekend meetings at Randwick and Caulfield.

Race Horse Outlay Result Money Back Profit/Loss Top Tote Profit/Loss
Hill Stakes Mackintosh $55 3rd $0 -$55
Flight Stakes Alizee $55 WON +$104.50 +$115.50
Premiere Stakes Chautauqua $55 DNP -$55 -$55
Epsom Handicap Happy Clapper $55 WON +$77 +$77
The Metropolitan Life Less Ordinary $55 DNP -$55 -$55
Thousand Guineas Prelude Catchy $55 3rd $0 -$55
Underwood Stakes Hartnell $55 2nd $0 -$55
Sir Rupert Clarke Stakes Scales of Justice $55 DNP -$55 -$55
Results   $220   $16.50 -$82.50

On what overall was a rough weekend for favourites at Group 1 level, favourite punters would have largely avoided the carnage if using Money Back specials and made a small profit of $16.50.

Those using a Top Tote Product without Money Back insurance would have run at a loss of $82.50.

The above sample size is only a small one, yet the difference in bottom line between those using Money Back specials and Top Tote products was a sizeable $99.00.

Keep an eye on these over the carnival when there are widespread offers.
Racing and Sports

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