Paddy Power.. Does Anyone Know

[susanwells]

.. what their Insurebets are ? I have searched the site but can`t find info .they give Insurebet 2 places and insurebet 3 places .. it isn`t Place Only. :hearty

[wb]

http://www.paddypower.com/popup/img/insurebet-paddy-power.html

[susanwells]

Thanks Wayne.. so if it wins you`re scuppered :hearty

[TheOldhamWhisper]

Thanks Wayne.. so if it wins you`re scuppered

The way I read it is that you take reduced odds on the win bet with an 'Insurance' money back option on the places. If it wins, you get your returns to the lower odds but if it is only placed you get your stake returned.

I would imagine the logic behind this is to encourage people to back horses for odds that are below the book price (thus giving them lower payouts on races) - all returned stakes are essentially as if the wager had not been placed at all (and of course the bookie is quids in if the selection doesn't place at all).

[susanwells]

Now I`m confused. :yikes: