Insurance bets provide a safety net when placing a bet by recovering part of your wager or even the whole amount if your bet loses.
Different types of insurance bets include single bet insurance, combo bet insurance, quarter/period insurance, split decision insurance, parlay insurance, and bet builder insurance.
Betting with crypto offers added perks for insurance bets, including anonymity, decentralized transactions, and extra bonuses or perks from various crypto sportsbooks.
Several of the best crypto sportsbooks providing insurance bets are BetOnline, BetUS, CloudBet, Sportsbet.io, Stake.com, and FortuneJack.
To claim an insurance bet, you must check the terms and conditions, ensure your bet qualifies for insurance, activate the insurance, and wait for the result to receive your refund.
Pros of insurance bets include reducing risk, boosting confidence, and providing longer betting sessions.
Cons include restrictions, not guaranteeing a win, and being promo-dependent.
Insurance bets are a good tool to add to your betting strategy, and when betting with crypto, they can provide added value and a safety net.
Overall, insurance bets can ease the impact of losses and provide calculated risks while giving you more confidence with added value/safety among unpredictable world of sports betting.