Paripesa have struck again with their innovation by bringing the concept of Insurance into the betting industry and this idea will soon be followed by other industry leaders. The 100% bet insurance offer is basically insuring the stake place on a bet. It is a paid for service using the betting balance and the cost of insurance depends on the current odds of the event to be insured.
This is a very creative promotion from a top bookmaker we have recently added into our overview of bookmaker reviews in Africa. They have many bonus and promos ongoing that bettors should take full advantage of them.
Sports betting involves monetary risk and from time to time we do think if there were more financial facilities to control our betting winnings and balance. The idea that your stake can be insured is very innovative and if implemented smartly, this offer can cover plenty of your risk for a small premium.
If you do stake medium to high amount bets on odds greater than 1.8, you should consider using this Paripesa 100% Bet Insurance promo. If you experience any loss, your full stake will be restored as it was insured and if you win, you are paid out in full. This is only ideal if you are placing bets higher odds as you won’t have much to gain if the odds are lesser than 1.50.
For more details about the bookmaker go to our Paripesa betting site review!
How it works
- Register or log in to your Paripesa account. If you are a newly registered bettor, you can check our analysis of the various welcome bonus for registration
- Create a single or accumulator selection
- Click on the 100% Bet Insurance box in the bottom of the bet slip
- All details will be provided with the % calculations
- If a bet loses, the insured part of the bet will be refunded
- If the bet wins, the total amount with winnings is paid to you in full
- Several insurances can be bought for the same bet
The offer is available in the following countries;
- Zambia 🇿🇲
- Nigeria 🇳🇬
- Ghana 🇬🇭
- Tanzania 🇹🇿
- Kenya 🇰🇪
Example of the 100% Bet Insurance
- A 4000 NGN bet was placed at odds of 2.1. You want to insure 100% of the bet. The company offers insurance at the price of 2000 NGN. If you agree, your account will be debited for 2000 NGN
- If the bet wins, the total amount of 8400 NGN is paid to you in full
- If the bet loses, 4000 NGN is paid to you because the full stake amount was insured (4000 NGN).
Several insurances can be bought for the same bet.
- For example, a customer can first insure 10%, then 30%, then another 50%. However the insurance price will change in accordance with the current odds changes
Terms and conditions
- You must be an active Paripesa account holder.
- Insurance can be bought for single and accumulator bets only and you cannot use insurance for other types of bets
- Any customer can insure their bet in full or in part
- The price of Insurance will be deposited by Paripesa
- The insurance price will change in accordance with the current odds changes
- The total amount of all bought insurances cannot exceed 100% of the bet value
Our Verdict
Paripesa have successfully showcased that they understand their customers well and hence come up with betting promotions and offers that a bettor can use not only to maximize their winnings but safeguard their stake and betting balance. The 100% Bet Insurance with Paripesa covers your financial risk involved to a certain point and if used wisely, this could bring you many benefits in the long term.
If you need guidance on formulating the perfect bets where you can your Insurance offer, you should try out our sports betting strategies that can enable you to bet more tactically.
