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How to use 1xBit Bet Insurance to get money back on losing bets

phil-lowe
04 May 2023
Phil Lowe 04 May 2023
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  • 1xBit Bet Insurance allows you to get money back on losing bets
  • Offer allows you to insure sports bets in part or in full on singles and accumulators
  • Exclusive 1xBit promo code NEWBONUS also gets new players a 7 BTC bonus when joining!
  • How 1xBit Bet Insurance Works
  • How to Insure your Bets
Bet Insurance is available on all bets at 1xBit.com, allowing you to fully insure your sports bets and avoid a loss.

1xBit is a crypto betting site which is popular in many countries around the world. Many online betting sites offer some form of bet insurance, but the offer at this sportsbook is better than most, with players  able to buy insurance on both singles and accumulator bets.

You have the choice of insuring your sports bets either in part or in full, meaning you can completely avoid losing bets at this Bitcoin betting site!

100% Bet Insurance is available to all registered 1xBit players. If you're yet to register, use the 1xBit promo code NEWBONUS when opening an account to get a welcome bonus worth up to 7 BTC  or currency equivalent.

Once you have registered (which takes less than one minute), you can get your welcome bonus, plus you will have immediate access to Bet Insurance!

How 1xBit Bet Insurance Works

Bet Insurance can be bought for both singles and multiple bets at the 1xBit sportsbook. If your bet loses, the insured part of the bet will be refunded to your account.

How it works:

Here is an example of how Bet Insurance works. In the example, bets have been placed with Bitcoin (BTC):

  • Place a 5 mBTC bet at odds of 1.8
  • Assuming you want to insure 100% of the bet, 1xBit will insure the full bet for a cost of 2.43 mBTC. If  you choose to take out full Bet Insurance, your account will be debited by 2.43 mBTC)
  • If your bet wins, you will receive 9 mBTC winnings, paid to you in full.
  • If the bet loses, you'll still receive 5 mBTC because the full stake was insured.

You can also purchase more than one insurance for the same bet.

For example, you could at first decide to insure 30% of the bet, then 50%, then the remaining 20%.

The main rule when purchasing several Bet Insurance policies is that the total amount cannot exceed 100% of the bet. Also, be aware that the insurance price can increase or decrease depending on any  change in betting odds.

How to Insure your Bets

To insure your bets at 1xBit, simply:

  1. Go to the 1xBit sportsbook and log in (or open a new account using the NEWBONUS promo code to get a welcome bonus of up to 7 BTC)
  2. Click on 'Sports' then place either a Singles or an Accumulator bet
  3. Enter your stake value and confirm your bet

Once you have placed your bet, go to your account and select 'Bet History'. Find the bet you have just placed, then select 'Bet Insurance' and confirm your selection to insure the bet!