When betting on horses, you will often see the abbreviation ‘MM’ next to the name of a horse. This is an indicator that Ladbrokes is offering a Money Back Special on that particular horse. This means that if the horse comes second in the race, Ladbrokes will refund your stake.
What is a Money Back Special?
A Money Back Special is an offer from Ladbrokes that refunds the stake of any customer who places a bet on a selected horse, if that horse finishes second in the race. The customer will still be able to collect a payout if the horse wins, but if it finishes second they will also be entitled to a refund of their stake. This offer is subject to certain terms and conditions, and is only available on certain horses.
What Races are Eligible for a Money Back Special?
Money Back Specials are only available on certain races, and these are generally high-profile events such as the Grand National or the Cheltenham Festival. Customers should always check the terms and conditions of the offer, to make sure they are eligible to take part.
Are There Any Restrictions on Money Back Specials?
Yes, there are restrictions on Money Back Specials. Customers can only place a single bet on a selected horse, and any multiple bets or other forms of wagers will not be eligible for the refund. The customer must also place their bet before the start of the race, and the refund will only be given if the horse finishes in second place.
What Happens if My Horse Finishes Second?
If a customer’s selected horse finishes in second place, they will be entitled to a refund of their stake. This will usually be credited to their account within 24 hours of the race finishing.
What is the Maximum Refund?
The maximum refund for a Money Back Special is usually £25, however this can vary depending on the terms and conditions of the offer. Customers should always check the terms before placing a bet, to make sure they understand the maximum amount they can receive in the event of their horse finishing in second place.
Are There Any Other Benefits to Money Back Specials?
Yes, there are other benefits to Money Back Specials. Customers can also take advantage of the free bets that are offered by Ladbrokes, which can be used on any other horse racing event. These free bets can be used to place bets on any race, and the customer will not be liable for any losses they incur.
Do I Need to Opt-in to Money Back Specials?
No, customers do not need to opt-in to Money Back Specials. They will automatically be eligible for the offer when they place a bet on a selected horse.
Are Money Back Specials Available on All Bets?
No, Money Back Specials are only available on single bets on selected horses. Any other forms of wagers, such as multiple bets or system bets, will not be eligible for the refund.
Conclusion
When betting on horses, customers should always look out for the ‘MM’ symbol next to the name of the horse. This indicates that Ladbrokes is offering a Money Back Special on that particular horse, and customers can take advantage of the offer if the horse finishes in second place. Customers should always check the terms and conditions of the offer, to make sure they understand the maximum amount they can receive in the event of their horse finishing second.
Money Back Specials are a great way to get some extra value from your bets, and can help to reduce the risk of losses if the horse you have selected does not win the race. So, next time you’re betting on horses, make sure to always look out for the ‘MM’ symbol!