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BetRivers Insurance Bonus Codes

BetRivers Sportsbook is an excellent platform that is now operating in 14 states around the country. It has several standout features that have helped it gain a loyal user base and it is known for offering a large selection of bonuses to new and existing members. That includes a variety of insurance bonuses that allow players to earn money back on certain wagers.

The BetRivers welcome bonus is the most popular, allowing members to claim a 100% refund on their first wager, if it’s lost, up to $500. This bonus from BetRivers Sportsbook is known as the “2nd Chance Bet.” It’s a great offer for all new members of this sports betting site and comes with some very favorable terms and conditions. Those looking to claim this offer immediately can do so by clicking the “Get Bonus” button below and entering the promo code SPORTS.

Up To $500 2nd Chance Bet

The list of bonuses being offered at BetRivers Sportsbook is certainly impressive. Learn more about the various insurance bonuses available at this popular sports betting platform by reading this entire guide today.

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What is a Sportsbook Insurance Bonus?

Insurance bonuses offered by online sportsbooks can come in a variety of forms. The most popular ones are known as “First Bet Insurance Bonuses,” offering new members of a betting site a refund on the first wager they place if that bet is lost. This is the welcome bonus provided by BetRivers Sportsbook and several other popular online sportsbooks including FanDuel Sportsbook and PointsBet Sportsbook.

BetRivers Deposit Bonus

There are also unique insurance bonuses offered for specific sports or individual sporting events. BetRivers provides a variety of sport-specific insurance bonuses including first goal insurance and first touchdown insurance. These are bonuses for prop wagers, in which bettors place a bet on the first scorer of a match. If a player you chose did not score first, yet does manage to score at another point of the game, BetRivers offers a full refund on your wager in the form of a bonus bet.

Insurance bonuses can also be provided for parlays. These involve bettors placing a multiple-leg wager on specific sports or individual sporting events. If only one of those parlay legs is lost, players will receive a full refund on their original stake up to a certain amount in the form of a bonus bet. Insurance bonuses provide peace of mind and I, like many other experienced sports bettors, often utilize these offers when making wagers I am not overly confident about.

BetRivers Insurance Promos for New and Existing Players

BetRivers Sportsbook is one of the few US online sports betting sites offering a large variety of insurance bonuses. Each one of these Betrivers existing player bonuses can help players receive money back on lost wagers for different betting markets. There is no promo code required to claim any of these offers.

First Bet Insurance

The welcome bonus at BetRivers Sportsbook is a first bet insurance bonus. All new members of this platform are eligible to receive a 100% refund on their first wager if it’s lost, up to $500. Some very favorable terms and conditions are associated with this bonus to ensure players have no trouble receiving this refund.

This “2nd Chance Bet” bonus is available for wagers on any sporting event. Unlike insurance wagers offered by some competitors, there are no first bet minimum odds required to claim this bonus, either. Simply create a BetRivers Sportsbook account, make a deposit of $10 or more, place a first wager on any sporting event, and receive a 100% refund of up to $500 if that wager is lost.

Any bonus funds earned from this bonus will be credited within 24 hours of the wager settling and these funds expire, if unused, after 30 days of being issued.

First Goal Insurance

Soccer fans can easily take advantage of the First Goal Insurance bonus at BetRivers Sportsbook. To claim this bonus, members must make a prop wager on which player will score the first goal of a particular match. If that player does not score the first goal, yet manages to score at another point during the match, BetRivers will provide a 100% refund on your initial stake of up to $50.

BetRivers First Goal Bonus

The bonus bets earned from this insurance bonus are credited within 72 hours of the wager being settled. To become eligible for this bonus, the first goal scorer wager placed must come with odds of -200 or greater. All unused bonus funds earned expire after seven days.

First Touchdown Insurance

The First Touchdown Insurance bonus from BetRivers provides a fantastic opportunity for NFL fans to earn some money back on a losing wager. Similar to the First Goal bonus, this one requires members to make a prop wager on which player will score the first touchdown of a particular NFL game. If that player fails to score first, yet earns a touchdown later in the game, bettors will receive a full refund in the form of bonus bets.

The amount of bonus funds that can be earned from this bonus varies depending on which tier of the BetRivers Sportsbook loyalty program the member is in. Those with a loyalty level between 1-6 can receive a 100% refund on this prop wager of up to $25. The refund amounts for other loyalty program tiers can be seen below.

  • Loyalty Level 7-8: Bonus bet refund of up to $50.
  • Loyalty Level 9: Bonus bet refund of up to $75.
  • Loyalty Level 10: Bonus bet of up to $100.

This bonus can be claimed just once per Thursday, Sunday, and Monday Night Football game. The minimum bet odds requirement for this bonus is -200 or greater. The insurance bets are awarded within 72 hours and expire after one week.

Parlay Insurance

BetRivers Sportsbook offers a Parlay Insurance bonus for several sports. Generally speaking, the rules for each of these parlay insurance bonuses work the same way. Bettors make a 4-leg or larger parlay for a specific sports league (NFL, NBA, NHL, college football) and receive a full refund on their original parlay stake if just one leg of it is lost. Parlays can be hugely lucrative, making this one of the best types of US sportsbook bonuses currently offered.

BetRivers Parlay Insurance

The individual terms and conditions of this wager will vary depending on the sport or sporting event the parlay insurance bonus is connected with. Learn about these different terms below.

  • NBA/NCAAB Parlay Insurance: 100% refund of up to $25 for loyalty levels 1-6. Refund of up to $200 for VIP members. Minimum odds requirement of -500 or greater with final parlay odds of +100 or greater.
  • NFL Sunday/NCAAF Parlay Insurance: 100% refund of up to $25 for loyalty levels 1-6. Up to $50 refund for loyalty levels 7-8. Up to $75 refund for loyalty level 9. Up to $100 refund for loyalty levels 10. Minimum odds requirement of -200.

Home Run Insurance

Every Tuesday of the regular MLB season, members of BetRivers Sportsbook have access to a Home Run Insurance bonus. Members can place a wager on an MLB player to hit a home run for that day. If the player fails to hit a home run but earns an extra-run base hit, players will earn a 100% refund on their wager of up to $25.

Loyalty level members of 7 or higher are eligible to receive a refund of up to $100 for this home run prop wager. Bonus funds earned from this bonus are credited within 72 hours. All unused bonus funds expire after seven days.

How to Qualify for BetRivers Insurance

Qualifying for the BetRivers Insurance bonuses is extremely simple. Clicking the “Get Bonus” tab featured on this Gamble USA guide page will direct readers to the BetRivers homepage. From here, both new and existing members can easily claim various bonuses without the need to enter a specific bonus code, except for the first bet insurance requiring the code SPORTS.

BetRivers Register

New members can earn the 2nd Chance Insurance bonus by creating an account at BetRivers Sportsbook, making a deposit of $10 or more, and making a first wager. The other bonuses are available to existing members. These can be claimed by following the bonus instructions listed in the sections above.

Up To $500 2nd Chance Bet

Promo Terms and Conditions

Many of the same terms and conditions apply to all of the different BetRivers Insurance bonuses. I always recommend reading the specific rules connected to each bonus before deciding whether to claim it, though. Expect to find the requirements below attached to some, or all, of the BetRivers Sportsbook insurance bonuses being offered.

  • Maximum Refund Payouts: There will be clear limits on how much an insurance bonus refund will pay players. This amount can vary at BetRivers Sportsbook depending on which loyalty level a player is in.
  • Minimum Betting Odds Requirement: Several of the insurance bonuses at BetRivers come with minimum betting odds requirements. For example, the First Goal Insurance bonuses can only be claimed on wagers with odds of -200 or greater.
  • Minimum Parlay Leg Requirement: Each of the Parlay Insurance promos at BetRivers can only be claimed on parlays featuring four legs or more.
  • Bonus Funds Expiration Time: The bonus funds earned from insurance bonuses at BetRivers will always expire after a certain amount of time. This can vary from one week to one month.

Also, keep in mind that all bonus bets can be used to wager but only the winnings will be credited as real money in your account, not the insurance bonus itself.

Strategies for BetRivers Insurance Bonus Codes

Choosing when to claim or not claim an insurance bonus can depend on several factors. There are certainly times when the option to utilize one of these BetRivers promotions makes more sense than others.

Utilize Insurance Bonuses When Speculating

Insurance bonuses can sometimes be used just once per member of BetRivers. It’s best to save these generous bonuses for wagers that you are unsure of. There is little upside to using this insurance on a bet you are heavily confident in. Instead, consider making a riskier (and possibly more lucrative) bet with the knowledge you will receive your stake back if that wager is lost.

Take Advantage of Parlay Insurance

Parlays featuring four or more legs are notoriously difficult to pick correctly and often contribute the most to sports betting operators’ profits. Parlay insurance bonuses help to cut the risk down, allowing bettors to lose one leg of their parlay and receive their original stake back. It can be a smart decision to form a four-leg parlay with one risky leg to significantly boost your profit without the fear of losing your money.

Are Insurance Offers Good Sportsbook Bonuses?

Insurance bonuses can be a great way for sports bettors to earn protection on their wagers. It allows bettors to place wagers with confidence knowing that their funds will be credited back if that bet is lost. It also helps sportsbooks, as it promotes betting from new and existing members.

In general, these bonuses are great. There is a variety of insurance bonuses offered through BetRivers, each of which can provide bettors with refunds on their wagers. Check out this full BetRivers Sportsbook review to learn more about what this popular sports betting platform has to offer.