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Betting OffersBetting Offers

Steven D. Thompson

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Seasoned betting veterans know that picking the right game or market to bet on is only half the job for maximising betting profits. The other half is making the most of the enticing betting offers that the best sites to bet have, and at Betpack, we couldn't agree more.

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Best Betting Offers for 2024

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Sports Betting Offers

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Table of Contents

    Whether it is welcome bonuses that double your deposit or free bets that let you place wagers care-free, high-quality betting offers can take your sports wagering experience to a whole new level.

    At Betpack, we recognise the importance of placing bets while using the finest betting offers and try to bring the most enticing bonus offers closer to our readers. 

    As such, we have reviewed and evaluated the most prominent betting offers that you can find online. Our betting experts have gone out of their way to analyse the best betting offers and will tell you which bonus offers you should make the most of and which ones you should avoid.

    Let's look at the best betting offers that prominent wagering providers have and how you can make the most of them.

    Sign Up Offers

    The first bonus offers that greet you when you join a betting site are bookmakers' sign-up offers. A sign-up offer is a promotion that betting providers give to their new customers when they open a betting account with them.

    There are two types of sign-up offers that online bookmakers bonuses offer to players. In both of these, the promos are only available to new customers, and a player can use them only once at a given bookmaker.

    No Deposit Sign-Up Offers

    The first type of sign-up offer is quite simple to understand and activate. The player only needs to open a betting account and doesn't need to deposit to qualify for the sign-up offer.

    For example, a bookmaker can say that all new customers who will register at the betting site will get £20 in free bet credits. This means that you only need to open a betting account and the betting provider will instantly give you £20 in free bets. 

    Sign-Up Offers Where a Deposit is Required

    The other type of sign-up offer that bookmakers give to their new customers is usually more lucrative. However, it also requires players to deposit money into their account first, and then use the free bets new customers get.

    For instance, a sports betting provider may give new customers sign-up offers such as these:

    • £100 Open Account Offer - Open a Betting Account and Get £100 in Bet Credits (New Customers only, Min Deposit £10, Full T&Cs apply);

    • £30 Sign-Up Offer - Open a New Betting Account and Get £30 in Bet Credits (New Customers, 1st Deposit only, Min Deposit £10, Full T&Cs apply).

    As you can see, to activate these sign-up offers, new customers need to open a betting account, but to also make a qualifying deposit. In both of these bonuses, the minimum bet transaction they need to make is £10. 

    However, considering how the first sign-up offer is much more rewarding than the second one, chances are that its terms and conditions are much more lenient. Therefore, those free bet funds are easier to obtain.

    Pros & Cons of Betting Offers

    Pros

    Pros

    • A great opportunity to increase account balance
    • Betting without risking real money
    • A good way to experience a bookie
    Cons

    Cons

    • Sometimes the wagering requirements may be very hard to meet

    How to Get the Best Betting Offers

    As previously mentioned, the pool of online betting offers is massive. That is why it is compelling to surf online and find the best bonus for your preferences. But worry not, because our professional punters did the hard job for you and created the alley of the best betting offers in the steps below.

    • Estimated Time Needed: 00:04
    • Tools Needed: Account
    • Supplies Needed: Money
    nothing Step 1

    Find a Satisfying Betting Offer From Our List

    Thanks to Betpack, it is not hard to find a good betting bonus as before. Instead of spending hours searching for a worthy offer, simply take a look at our list of best bookmaker offers and pick the one that fits your taste.

    nothing Step 2

    Evaluate the Conditions

    After you decide which order looks promising, make sure to conduct a detailed examination. Learn about the wagering contributions, odds and maximum withdrawal limit. Even more, sometimes betting offers may not be available for certain payment methods.

    nothing Step 3

    Join and Get the Offer

    Once you’re convinced that the offers are convenient for you, click on the button and visit the bookie. Afterwards, create an account, make a deposit, and get the offer in your account within seconds!

    nothing Step 4

    Enjoy the Bonus!

    After you receive the bonus amount in your betting account, you can enjoy the betting events as you wish! However, don’t forget to meet the terms and conditions to cash out your winnings.

    Best Betting Offers by Category

    Feature Name

    Best Offer

    Mozzart

    Best Reload Offer

    LeoVegas

    Best Free Bet

    10bet

    Best First Deposit

    LVBet

    Best Cashback

    Rizk

    Best Welcome Offer

    Sportaza

    Top 10 Betting Offers

    Rank Bookmaker Bonus Wagering Minimum odd

    1.

    Cosmobet

    %150 up to €1000

    15x

    1.3

    2.

    BetTarget

    €10 Free Bet

    1x

    2

    3.

    FreshBet

    100% up to £500

    20x

    1.4

    4.

    LVBet

    100% up to €100

    12x

    2

    5.

    Mozzart

    100% up to €100

    4x

    1.35

    6.

    Rolletto

    150% up to €1500

    15x

    1.3

    7.

    Sportaza

    100% up to €100

    5x

    1.5

    8.

    BritainBet

    €10 Free Bet

    1x

    1.5

    9.

    Goldenbet

    %100 up to €500

    10x

    1.4

    10.

    10bet

    50% up to €50

    8x

    1.8

    How We Review Betting Offers

    1

    Find a Promising Betting Offer

    In today’s competitive industry, thousands of bookmakers have millions of betting offers to attract punters. However, to rank the best ones only, we do a detailed search and find the most promising ones. After we see that the offer is encouraging, we spend no time and start reviewing it.

    2

    Check the Terms and Conditions

    A betting offer might sound mouthwatering in the first place. However, to make sure that it is worthy, we first have a detailed read through the fine print. Here, we read about the wagering requirements, on which events the offer is limited to, maximum betting and winning limits.

    3

    Claim & Experience the Offer

    Right after clarifying that the conditions for that specific offer are player-friendly, we get the promotion and use it on our favourite events and request a withdrawal of our winnings.

    4

    Rank the Best Betting Offers

    While listing a particular offer, we have a very simple thing to consider: if we have not thought about anything other than analysing the events and enjoying the experience, we make sure to rank it at the highest of our list.

    Deposit vs Sign Up Offers

    Deposit Offers
    Check icon

    Have bigger rewards

    Cancel icon

    Come with higher wagering requirements

    Cancel icon

    Must make a deposit to claim deposit offers

    Check icon

    Available on more betting events

    vs

    Sign Up Offers
    Cancel icon

    Come with smaller rewards

    Check icon

    Usually have lower wagering requirements

    Check icon

    Does not require a deposit

    Cancel icon

    Usually is not available on many betting events

    New Customer Offers

    New customer offers are similar to sign-up offers. As the name implies, to qualify for a new customer bonus, a punter has to be a new client for the betting provider that gives the offer. It is important to note here that the punter can use the new customer offer only once - when he registers with the betting site for the first time.

    These new customer promotions can be in the form of free bets, risk-free wagers, matched deposit bonuses, or other types of promos. However, most of the time, when bookmakers advertise these new customer promos, they use one name only - welcome bonuses.

    Welcome Bonus

    Welcome bonus offers are the most enticing types of offers that bookmakers give to their new customers. With them, sports betting providers reward new clients with free bet credits and bonus funds once they have met the specified welcome bonus conditions. 

    As with the other betting offers listed here, welcome bonus offers can come in various shapes and sizes. Our betting experts at Betpack have gone through each of these welcome bonus packages, and here are the ones that you should aim to get.

    Welcome Free Bet Offers

    If you are a punter looking to make the most of all free bet funds that come your way, then the free bet welcome offers are right up your alley. With these bonuses, you can get free bet funds when you open a sports betting account and make that first deposit.

    For instance, a bookmaker can give you a free bet bonus such as this one:

    • Deposit £100 and Get £100 in Bet Credits (New Customers only, Min Deposit £10, Free Bets Credited upon Qualifying Bet Settlement, Free Bets Valid for 7 Days, Full T&Cs apply).

    As this offer says, you can get up to £100 in bet credits if you deposit a minimum of £10 and make a qualifying bet that will be in accordance with the terms and conditions of the welcome bonus.

    A free bet offer such as this one can be quite enticing, as instead of one £100 bet, you will be able to make two bets, the second one courtesy of the sports betting provider. 

    In other words, you can use your initial deposit to back Manchester United to win on Saturday (with a qualifying bet). As soon as that qualifying bet is settled, you can bet on their city rivals Manchester City to triumph on Sunday and double the excitement and your winnings.

    Risk-Free Bet Welcome Bonuses

    Risk-free bet is very similar to free bets. With risk-free welcome bonuses, new customers can bet on games without the fear of losing their bet stake, as the bookmaker refunds it if their wager is a losing one.

    A bookmaker can say that all new customers who deposit £20 and place a qualifying bet will get £20 in free bet funds if that bet loses. 

    For instance, a punter can place a £20 bet on the English national cricket team to defeat their Australian counterparts. If that bet qualifies as a risk-free bet, then the player will enjoy all the perks of the welcome bonus offer. 

    In other words, if the English win, the punter will collect his winnings. In this scenario, the punter doesn't need the risk-free bet, and the bookmaker doesn't activate it. If the English lose, however, he obviously won't get his winnings but will get his bet stake back, which is the purpose of this welcome bonus. 

    The refund the punter will get will usually be in the form of bonus funds. This means that the player can use the free bet funds to place another bet, but cannot withdraw them immediately.

    Matched Deposit Welcome Bonuses

    The most common types of welcome bonuses are the matched deposit offers. These promos stipulate that punters will see their deposit matched by the bookmaker if they place qualifying bets with it.

    A betting site can say that they will double all deposits of new customers as long as they meet the bonus terms and conditions. The bonus offer can look something like this:

    • 100% Matched Offer up to £100 for All New Customers (Min Deposit £10, 1st Deposit only, Min Odds 1/2, Bonus Funds Valid for 7 Days, Full T&Cs apply).

    As you can see, you can benefit from as much as £100 in bonus funds if you make a qualifying bet. For instance, you can back the LA Lakers to defeat the Chicago Bulls at odds of 9/10 with an £80 stake.

    Regardless of whether that bet wins or loses, the bookmaker will match your first deposit of £80 as you have placed a bet at odds higher than those specified. 

    You can use these welcome bonus funds to bet on other events in the betting provider's offer and withdraw any winnings that you obtain from them.

    Match Betting Reload Offers

    When it comes to obtaining bonus funds on a regular basis, some betting offers are better than others. The best among these are the match betting reload offers that bookmakers offer to their existing customers.

    A top-quality welcome bonus is a very enticing proposition for any punter, and that's a fact. However, a new customer bonus is just that, a bonus that the bookmakers give only to new clients. You can use it only once when you open a new betting account, and after you have used it up, it's over. In other words, welcome bonuses are great, but you can only use them once.

    That's not the case with match betting reload offers. Bookmakers give match betting reload offers to existing customers when they simply "reload" their betting accounts. This can happen when players make a deposit during a "reload" period designated by the bookmaker.

    Special Days of the Week Reloads

    Players can get reload bonus offers on some predetermined days of the week such as on Fridays or during weekends. Some bookies say that all players who deposit money into their accounts during these days will see their deposits matched by the betting site up to a given amount.

    For instance, it might match 30% of all deposits made between 6 pm and 9 pm on Fridays. This means that players who deposit £100 during this time frame will get £30 courtesy of the bookmaker.

    Festive Season Reload Betting Offers

    The festive season is a period of fun and joy for all people. However, punters who bet with the help of reload betting offers get a little bit more fun and joy than others.

    Bookmakers always try to reward their existing customers with enticing reloads during holidays such as Christmas, Easter, and Thanksgiving.

    For example, bookmakers might offer 20% reload offers to all customers who deposit money into their accounts in the week leading up to Christmas. That's an offer that it is hard to say no to, and that's why it's not surprising that betting enthusiasts love the holidays more than the average person.

    And the "reload" season doesn't end with the holidays. It has become a rule recently that bookmakers should come out with the most enticing reload betting offers during days such as Black Friday or Halloween in addition to the traditional holidays.

    Therefore, we advise you to always be on the lookout for lucrative reload betting offers. Bookmakers give them quite often, and you can easily get your hands on one just by making a qualifying deposit and picking the right time to do it.

    Finding the Best Reload Bonuses

    The best sports betting providers always offer reload bonuses more than once, andally, on every deposit you make in a certain period of time. For instance, while an inferior betting site never gives you match betting reload offers, a decent oneally gives you one on your second or third deposit, and a top-notch betting site probably boosts almosts all deposits you make.

    We asked our betting experts here at Betpack if there's a catch to this as some bookmakers seem to offer much more reload bonuses than others.

    Our experts told us that even if there is a catch in the form of wagering requirements, a reload bonus is still a much better proposition for the punter than no bonus at all. 

    And there is no shortage of match betting reload offers if you know where to look. If you don't, you can always leave it to our experts to do this task for you.

    At Betpack, we list, review, and organise the best match betting reload offers out there. This means that you don't have to spend your time to search the net for these bonuses. Just go with the reload bonuses our experts have given top marks to, and focus on making the best sports bets instead.

    Examples of Match Betting Reload Bonuses

    To put it simply, a match betting reload offer matches your deposit up to a given amount. For example, a betting offer can say that the bookmaker will match a deposit you make by 50% up to £100. If you deposit £200, you will get £100 in bonus funds courtesy of the bookie. However, if you deposit £250, the bookmaker will supplement your betting funds with £100 again. 

    Here are some other match betting reload offers we managed to find to give you ana of how all of these reload bonuses work:

    • Get a 30% Deposit Match on All Deposits (Min Deposit £10, Min Odds 1/2, Valid for 7 Days, Full T&Cs apply);

    • 50% Reload Bonus Up to £200 on All Deposits Made During Christmas (Min Deposit £10, Min Odds 1/2, Full T&Cs apply);

    • 20% Deposit Match on All Deposits During the Weekend (Min Deposit £10, Full T&Cs apply).

    As you can see, one of these reload bonuses boosts your Christmas while the other two match every deposit you make, provided you meet the bonus terms and conditions. 

    All match betting reload bonuses have one thing in common, and that's the fact they are there to reward loyal customers. As such, they are great when it comes to keeping players motivated and giving them extra funds to spend on their sports bets. 

    Difference Between Welcome and Reload Betting Offers

    Welcome offers and reload bonuses are both quite enticing. As such, they might seem similar to many punters. However, they are not. There are two differences that you need to be aware of when activating a welcome or reload betting offer.

    The first one is quite obvious. Players get welcome bonuses when they are new customers and register a betting account with the bookmaker for the first time. In contrast, they get reload promos when they become existing customers and deposit during so-called reload periods designated by the bookmaker.

    The second difference is not that obvious, but it is equally as important. You have probably noticed that most matched welcome bonuses match 100%, or more, of your first deposit. However, that's usually not the case with reload offers.

    Reload bonuses usually match between 20% and 50% of your deposit. So, while a 100% welcome bonus match your £100 deposit with £100 in bonus funds, a 40% reload bonus gives only £40 in bonus credits for your £100 deposit.

    Matched Betting with the Help of Reload Betting Offers 

    Matched betting is a professional betting strategy that betting pros use to profit from betting offers bookmakers give them. These betting veterans use bonuses such as welcome bonuses, free bets, and reload betting offers to cover all outcomes of a sporting event.

    So how does matched betting work? Well, let's say you are betting on Chelsea to defeat West Ham in the FA Cup semi-final. You first use your funds to back Chelsea to eliminate the Hammers.

    After you have done that, you use the bonus funds that another bookmaker gave you (as part of the betting offer) to back West Ham to progress to the final. When you do this, you cover all outcomes of that match and guarantee yourself a winner regardless of the semi-final result.

    This might sound simple, but several crucial factors need to be there for your matched betting endeavour to be a successful one. 

    Betting on the Right Odds

    First, you need to find betting propositions that come with the right odds. Too high odds on one end of the bet will mean a substantial bet stake on the other side of the wager to compensate for the low odds. 

    In contrast, backing bet outcomes that come with similar odds on both ends of the bet can seem pretty straightforward. However, backing teams with similar odds can minimise any potential winnings you will stand to get as both bets will cancel each other out. 

    Finding bet events with the right odds is all in finding the right balance between what you are expecting to win, and what you can realistically get. 

    Locating Bookmakers that Work with Low Margins

    The second factor you need to consider when placing matched bets is how high is the bookmakers' margin. 

    Ideally, you should find betting providers that operate with minimal betting margins. Small house edges mean better odds for you on both ends of the bet. And the higher the odds, the bigger the chances that your matched sports bet will be successful.

    The Reload Offer Should Be Good Enough Too

    There's no point going on a matched betting endeavour if the reload bonus funds the bookmaker gives you are minimal. Backing Chelsea to win with your deposit means little if you can back West Ham with only a fraction of that deposit because the bookmaker is not of the very generous kind. 

    Look for reload bonuses that match at least 20% or 30% of your deposit. Alternatively, go with bonuses that had passed with flying colours when our experts at Betpack evaluated them.

    Free Bets

    Free bets are among the most popular betting offers with betting enthusiasts as they allow them to place riskier bets without making a deposit. There's not a punter in the world who doesn't want a free bet to wager on his favourite games. Even if those bets lose, the punter won't feel any regret or disappointment as he was playing with bonus funds courtesy of the bookmaker.

    How to Get Free Bets?

    So how do free bets work, and how can you make the most of them? Free bet offers are quite easy to understand as the name says it all. Basically, the betting provider gives its new and existing customers the chance to place a bet, but without putting their money as a stake in the bet. Instead, they use free bet funds that the bookmaker awards to their betting account.

    But how can you get these free bet funds? Well, there are a couple of ways to obtain free bet funds. First, you must have a betting account with the bookmaker. If you do, then the betting provider will credit all of your free bets right there.

    We recommend that you choose some of the top-rated bookmakers that we have reviewed. These betting sites have the best online betting offers, and that goes double when it comes to free bets. Here are some of the best free bet offers that you can expect to see when you start playing at these bookmakers.

    Examples of Free Bets

    Let's look at several free bet promos that we found online so that you can understand how you can get each of them:

    • Bet £10 Get £40 in Free Bets (Min Deposit £10, Must Be a 4-leg Accumulator Bet, Min Odds 1/2 per selection, Free Bet Offer Valid for 7 Days, T&Cs apply);
    • Bet £10 Get £30 in Free Bets (£10 Min Deposit, Min Odds 1/2, Valid for 7 Days T&Cs apply);

    • Bet £10 Get £20 in Free Bets (£10 Min Deposit, Free Bet Valid For 7 Days, T&Cs apply).

    As you can see, there are different types of free bet promos. The most enticing ones such as the Bet £10 Get £40 in Free Bets is also the most difficult to obtain. To get this free bet, you have to make a minimum deposit, place it on a four-legged accumulator; each selection must come with minimum odds of 1/2, and so on.

    However, free bet offers that don't look very lucrative are often the easiest to get to, and, as such, are worth exploring. The Bet £10 Get £20, and  Bet £10 Get £30 in Free Bets are good examples of these bonuses. They don't come loaded with requirements that you have to meet to get the free bets, and you only need to satisfy the £10 minimum deposit stipulation and maybe meet an insignificant odds minimum. As such, they are excellent for punters who don't like to spend all their energy activating a bonus.

    Free Bets Given as Tokens of Appreciation

    Lastly, there are also free bets that betting sites give for various other reasons. Most of the time, customers get these bets as tokens of the betting provider's appreciation for their loyalty and commitment. Here are a couple of bonuses that illustrate this:

    • Get £10 Free Bet By Referring a Friend (Free Bet Valid For 10 Days, T&Cs apply);

    • Deposit £500 Today and Get a £25 Free Bet (Free Bet Valid For 30 Days, T&Cs apply).

    As one of the examples above shows, oftentimes customers can get a free bet simply by referring a friend to use the betting site's services. Existing customers usually send an invitation link to their friends. Once their friends open an account with the bookmaker, the customers who invited them, get their free bet bonus.

    Similarly, betting providers can also give customers one-time offers, where they deposit a predetermined amount of money, and then they get a free bet. In the example above, if you increase your deposit balance by £500, you will get a £25 free bet courtesy of the bookmaker.

    Risk-Free Bets

    Risk-free bets are variations of the regular free bet promos. With them, you get all the perks of the free bet offer, with the focus being that if your bet loses, you get your stake back. Let's look at a couple of risk-free bet examples:

    • Register an Account and Get a £20 Risk-Free Bet (New Customers Only, Min Deposit £20, Free Bets Credited Upon Qualifying Bet Settlement, T&Cs apply);

    • Bet £30 Get £30 Risk-Free Bet (Valid For 10 Days, Stake Not Returned in Case of a Winning Bet, T&Cs apply).

    In the first example, all new customers who register an account with the betting site get a £20 risk-free bet. However, it is worth noting here that players place that first bet with the £20 they deposited into their accounts. They only get the free bet funds if the wager they placed was a qualifying bet, and that bet later lost. 

    The second bonus in our example is geared towards existing customers. With it, all punters who place a qualifying bet (£30) are eligible for their stake to be returned if their bet loses. However, as the bonus terms say, if the bet is a winning one, then the betting site won't return the stake to the customer.  

    No Deposit Bonus

    For many players, no deposit bonus offers are the be-all and end-all of bonuses. They are on the lookout for betting sites that offer them all the time, and for a good reason. 

    As the name implies, no deposit bonuses don't require punters to make any deposits into their accounts to get the bonus funds. All they need to do is open a betting account, and they are eligible for the offer.

    Check the T&Cs of No Deposit Bonus Offers Carefully

    If no deposit bonuses sound too good to be true, that's because they often are. That's why our experts at Betpack recommend that you read the terms and conditions (T&Cs) of all of these promos very carefully before you activate them.

    Oftentimes, betting sites advertise a no deposit bonus offer aggressively, but when the time comes for the player to activate the bonus, things start to get complicated. 

    Punters have often reported that betting sites load these no deposit bonus offers with tons of requirements that players have to meet. These range from high minimum odds the bet must contain to wagering requirements on the winnings of the bet.

    Therefore, it is crucial to know that, yes, these bonuses can be very enticing. However, you also have to read the T&Cs of those bonuses carefully before you activate them too. If you don't, you risk ending up with a no-good no deposit bonus.

    Mobile App Offers

    Most people these days know that punters who place their bets via mobile devices can enjoy more perks than those who wager using their stationary desktop computers. The most prominent one of these perks are the mobile app offers that punters get when they place their bet using a betting app.

    As a rule of thumb, all betting offers that are available through a desktop browser are also available through a mobile device. However, not all bonuses that mobile app users can activate are also available for desktop-betting punters. Why is this the case, we hear you ask?

    Well, the main reason for this is the fact that punters can only activate some betting offers via a mobile device. Trying to activate them via a desktop browser would make no sense as you must have a betting app to trigger these mobile-only bonuses. Here are a couple of examples:

    • Place a Bet via the Betting App and Get £20 in Free Bets (T&Cs apply);

    • Download the App and Get £30 in Free Bets (T&Cs apply).

    It is obvious that you must have the app installed on your device to activate any of these two mobile app bonuses. To get the first one, you have to place your sports bet via the app. Once you do that, and assuming you make a qualifying bet, you will get £20 in free bets. The second offer stipulates that you can get your hands on £30 in free bets just by downloading the betting app.

    It is also worth noting that there are lots of other advantages when players activate betting promos via mobile apps. These include easier activation of bonuses, more payment options that qualify you for the bonus, faster withdrawals of the winnings obtained, and more.

    Conclusion

    There are lots of enticing betting offers out there, and you can benefit from them if you find the right ones. A quality betting offer can double the bet funds and pave your way to a winning bet, but it can also return your stake when you have a losing wager. However, for all of this to happen, you must play with only the best betting offers online.

    At Betpack, we try to help you in this search for the best sports betting promos. Our experts go through an enormous number of betting offers every day, and tirelessly separate the bonus wheat from the chaff.

    Punters can often fall for betting offers that promise the world but fail to deliver as soon as they activate them. Inferior betting offers frequently look the same as first-rate ones, and it is difficult for the untrained eye to recognise which one is which.

    With our assistance, however, you can say goodbye to second-rate betting offers and start playing with the help of only top-notch bonuses. In our betting offers reviews, you can find the best free bet offers and the most rewarding welcome and reload bonuses with only one click.

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    Frequently Asked Questions

    What betting sites give you a free bet?

    Always look for betting sites that have high-quality betting offers. If a betting site is well-known and always comes out with quality bonus offers, you can expect it to also give you free bets. The bookmakers that have got top marks from our experts are great in this regard.

    What is a free bet offer?

    A free bet is when the betting site gives you free bet credits that you can use to place one or more bets. Most of the time, you can use these bet funds to place only one free wager, but sometimes betting providers let you divide the bet credits to place several bets.

    What is the best betting account?

    The best betting account is the one where your deposits and winnings are safe and secure. This is the most important aspect when it comes to choosing where to open a betting account.

    Does matched betting really work?

    For matched betting to work, you have to find very enticing betting bonuses. You can then use these free bet funds to cover all outcomes of a betting event so that you can win regardless of which result turns out to be the winning one.

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