14 November, 2013 – The FREEBETS.com October report has shown exactly why Paddy Power continues to hold on to the affiliate site’s monthly crown as the best bookmaker for money-back offers.
For the third month in a row, and for the fourth time in six months since FREEBETS.com started its monthly analysis of bookmaker offers, the Irish bookmaker has come out on top.
Detailed analysis from 19 leading bookmakers has found three key reasons for Paddy Power’s sustained success in this area. While many rival firms limit money-back refunds to smaller stakes of typically £20-£25, Paddy Power’s maximum refunds of £100 are among the highest available online.
Their money-back offers are frequently triggered by markets where there is a relatively high likelihood of occurrence – more than 10% of offers having between 20-25% chance of happening – and that helps propels them to the top of the pile.
While Paddy Power were only third behind William Hill with 93 total offers in October, and Betfair’s 90 total offers, the firm boasted five of the top 10 individual offers for the month.
bet365 did take Paddy Power’s title for the individual money-back offer for October, which the latter had won for four consecutive months, with their Sky Dogs 2/1 offer. The winning offer provided punters with a free bet up to £100 for backing any winner at odds of 2/1 or more on greyhound races broadcast live on Sky Sports channels.
David Archer, owner of FREEBETS.com, commented; “This has been the sixth month we’ve analysed money-back offers and it’s clear one bookie stands out. Paddy Power’s moniker as the ‘home of the money-back offer’ is well-deserved after their fourth win, but the likes of bet365 and William Hill have also impressed us throughout October with offers that have given punters real value.”
About this Research:
Freebets.com conducted an in depth analysis of Money Back offers promoted on the websites of 19leading online bookmakers: 10Bet, 188BET, 888sport, bet365, Betfair Sportsbook, Betfred, BetVictor, Betway, Boylesports, Coral, Ladbrokes, Paddy Power, Sky Bet, Sportingbet, Stan James, TitanBet, Unibet and William Hill during October2013. The analysis concentrated specifically on Money Back Offers and other promotions such as bonuses, concessions and odds enhancements or guarantees were not included.
David Archer established the affiliate business Biggerbet in 2010 and has developed a portfolio of leading websites including www.freebets.com and www.horseracingresults.co.uk. He was the joint owner and managing director of North East bookmaking chain Reuben Page for almost two decades, before selling most of the business to Gala Coral. He then founded Pagebet, building up and managing a chain of over 50 betting shops, as well as a telephone betting service and online site.