You may well have seen adverts on the TV for “Acca Insurance” from the likes of Paddy Power and other bookies.

Basically acca insurance is a relatively new form of incentive offered by the bookies to try and get more people to place accumulator bets on football.

How exactly does acca insurance work though, what are Paddy Power offering you and more importantly, how can you profit from it?

We will look at all of this below.

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Paddy Power’s Acca Insurance Offer

Paddy Power’s acca insurance offer is one of the best around. It is available during the main footy season and it works like this:

• They will refund your stake as a free bet up to £50 if you place a 5+ fold accumulator and one leg fails to win.
• There are no minimum odds for the selections, so you can include the likes of Real Madrid and Barcelona in your acca if you like!
• Bets in the acca can only be placed in the match odds market (i.e. 1×2).
• The maximum refund you can receive is £50 per accumulator – the refund will equal the amount of your stake up to £50.
• You are allowed to do the offer a maximum of once per day, which is pretty good as if you utilise it properly then you can really make some big profits from it – more on that below.

So all in all very good terms and as we say, one of the best acca insurance offers out there.

And the nice thing about Paddy Power is that they even have an “acca insurance coupon” showing you all the matches that are eligible to be in your acca so you don’t have to go searching for them.

Example

Here is an example of Paddy Power’s Acca Insurance offer in practice.

Let’s say you do a five-fold accumulator involving the following teams all to win:

• Chelsea
• Manchester City
• Arsenal
• Leicester
• Tottenham

All of the teams win, apart from Arsenal who unfortunately go down 2-1 away at Liverpool. So all of your matches have won apart from one, meaning Paddy Power will refund your stake as a free bet up to a maximum of £50.

The amount of your free bet will equal the stake of your acca bet, so if you placed £30 on your acca then your free bet will be £30, for example.

How to get the most out of the Paddy Power Offer 

Whilst this is a very good offer from Paddy Power, you can still end up losing money on it of course.

If two or more the matches don’t win, then you will lose your bet and not qualify for any sort of refund.

So it is not really “insurance” in the true sense of the word, but there is a way you can make it genuinely risk-free and generate cash time after time from this offer.

You can do this via a system called Accumulator Generator, which is an ingenius piece of software.

It sets things up so you can lay against the potential of the free bet on all of these acca insurance offers from the bookies and ensure you make a profit. 

If you do just a couple of these offers per day, you can make over £500 per month. 

And the good news is you can get a 14-day trial of Accumulator Generator for just £1 here.

Conclusion

Paddy Power have a very good acca insurance offer that is one of the best in the business.

If just one leg of your 5+ fold acca doesn’t win, they will refund your stake as a free bet up to £50.

If you really want to benefit from this offer and other acca offers like it though, we recommend you try Accumulator Generator, which will allow you to make hundreds of pounds per month risk-free.

These days the bookies provide some fantastic offers based around football accumulators, which you have probably seen advertised relentlessly on TV.

But what exactly do they mean by “acca insurance,” what offers are available and how can you best take advantage of them?

We look at each of these questions below.

What is meant by Acca Insurance?

Acca Insurance basically means the bookies will refund your stake as a free bet up to a certain amount (e.g. £25 or even £50) if one leg of your acca loses.

There are usually a minimum number of legs (i.e. matches) needed in your acca to qualify for the offer – normally 5 or 6.

Let’s have a look at an example:

Say you place the following accumulator:

A £50 accumulator for all the following teams to win:

• Chelsea
• Liverpool
• Man Utd
• Arsenal
• Man City

Now Chelsea, Liverpool, Man Utd and Man City all win, but sadly Arsenal are firing blanks and end up drawing 0-0.

So all but one of your acca legs has won, the bookie will refund your £50 bet as a free bet.

Is it really “insurance?”

So these offers are a form of “insurance” in a way, but they obviously don’t remove all your risk by any means like insurance on your car or house does for example.

If two or more legs of your acca lose, then you still lose your bet.

However, there is a way you can genuinely remove the risk and ensure you make a profit whatever happens.

That is thanks to a great new system called Accumulator Generator, which has worked out a very clever way to utilise acca insurance to generate consistent profits on your accumulators, even if more than one leg loses.

You can make literally hundreds of pounds per month doing this for just a few minutes work per day.

And the great news is you can try it out risk-free for 14 days for just £1 here.

List of Acca Offers

Here is a list of the Acca offers available at the moment. Bear in mind that new ones are being added all the time, so watch out for bigger and better opportunities.

138 Bet

If you wager a 6-fold or more accumulator with 138 Bet and one leg doesn’t win, they will refund your stake as a free bet up to £38. 

21 Bet

Place a match odds accumulator of five or more selections and if one leg lets you down, 21 Bet will refund your stake as a free bet up to a maximum of £50.

Bet 365

Not an acca insurance offer but rather an acca bonus offer, Bet 365 will give you a bonus on any winning footy acca, from 5% for a treble right up to 100% for a 14+ fold.

Bet Bright

Place a five- or more-fold accumulator and if it misses by one, BetBright will refund bets on selected markets as a free bet up to £25/€25. 

Bet Vernons

If you place a 6-fold accumulator and one leg doesn’t win, Bet Vernons will refund your stake as a free bet up to £50. 

Bet Victor

Place a five-fold on the match odds or both teams to score market and if one leg loses Bet Victor will refund your stake as a free bet up to a maximum of £25.

Coral

Place your six-fold acca with Coral and if one leg goes wrong, they will refund your stake as a free bet up to £25. 

Dafabet

Place at least a five-fold football accumulator bet on football and if you make a miss by 1 bet, then Dafabet will refund your stake as a free bet up to €/£50.

Genting Bet

Place at least a five-fold football accumulator bet on football and if one leg lets you down, then Genting Bet will refund your stake up to £20.

Ladbrokes

Place a 5+ fold accumulator and if one leg lets you down, get a refund as a free bet up to £25.

NetBet

Get your money back as a free bet (up to £25) if one leg of your 5+ fold accumulator doesn’t win.

Poker Stars

Place a 5-fold or more and if one leg loses, they will refund your stake as a free bet up to a maximum of £/$/€50. Minimum odds of all selections must be 1.2.

Sporting Bet

This is an acca bonus rather than insurance. Sporting Bet will give you a 25% bonus on all winning accumulators with 5 or more selections. On certain leagues only, maximum stake €/£500.

William Hill

Place a 6-fold accumulator and if one leg lets you down then William Hill will refund your stake as a free bet up to a maximum of £50. 

Why do the bookies offer Acca Insurance?

You may be wondering why the bookies offer acca insurance.

Well it is used primarily as a way of keeping punters coming back, as accumulators are a very popular form of betting these days.

More and more bookies now offer some acca insurance, so if your bookie doesn’t then it is probably time to move on.

Some bookies offer an accumulator bonus rather than acca “insurance” – see the offers above for more details.

Always check the T&Cs

As ever with bookie offers, it is important to check the terms and conditions for each offer that you participate in.

Some will require minimum odds for each leg of the acca, some will only allow you to place bets in certain leagues and obviously there are always a minimum number of legs per acca for each offer.

Plus the bookies may have their own special terms for their offers, so do check if there is anything else you need to be careful of.

As we say, if you want a system that covers all this and shows you how to set up these accas to guarantee long term profit, then we highly recommend Accumulator Generator.

And as always, please gamble responsibly with your accas and all your betting.

Conclusion

There are some fantastic bookie offers available now for football accumulators, most of them providing “acca insurance” that refunds your bet as a free bet, in some cases up to €/£50.

Before you place an acca, it is certainly worth checking for any such offers and taking advantage of these great incentives.

Even better, a product like Accumulator Generator will find the best offers and run its special software to ensure you get the most out of them.

Get a 14-day trial of Accumulator Generator for just £1 here.

Betting is not normally regarded as a ‘social’ activity. Its image is of a solitary gambler checking the form and heading down to the bookies on their own to place a wager or buy a lottery ticket.

However, and particularly since the advent of the National Lottery, betting syndicates have become popular, especially among workplace colleagues. After all, if a group of you all chip in there’s a better chance of winning, isn’t there?

Well, that’s the theory, anyway. And if the figures are correct (that one in three lottery wins is scooped by a syndicate), then the attractions of pooling your resources are obvious.

Big wins for syndicates

Over the years, there have been some big winners, especially on lottery games. The biggest so far has to be the ‘Three Amigos’ in the USA, who in 2012 bought 60 tickets for the Mega Millions Lottery with a potential jackpot of $656million. They paid out twenty bucks each and each took a third of $218.6million (there were two other winning tickets).

The next year a syndicate scooped another huge win in the States. The ‘Oceans 16’ syndicate hit the jackpot on the Powerball draw, ending up splitting a huge $149million between them. 

In the UK we’ve had our share of big syndicate winners too. In 2014 twelve bus drivers from Corby won the Euro Millions jackpot, claiming £38million (a tidy £3.1million each).

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The pros and cons

Joining a syndicate does, theoretically, improve your odds of winning at least something. Not only does it give you more of a chance at winning, but it reduces your playing costs. You pay less for a potentially greater chance of a payout. And you’re doing it with friends and family.

However, there are a fair number of cons in joining a syndicate, too. The most obvious is that you have to split the winnings, so you only get a share of the jackpot, not the whole amount.

It can also bring out the worst in people, especially if the jackpot is a big one. You may suddenly find that one person doesn’t want to split the winnings fairly, and demands a larger payout. This is particularly common if you haven’t thought about drawing up syndicate agreements before you started your venture.

Why a syndicate agreement is so important 

We’re talking about potentially huge amounts of money here, so getting the paperwork right before you collect up the subs and trot off down to the betting shop or Lottery outlet is essential.

Do things ‘by the book’. Appoint someone you all trust as a syndicate manager, whose job consists of collecting money, placing the bet or buying the tickets, checking the results and then letting everyone in the syndicate know the outcome.

Then download a syndicate agreement – or get a lawyer to draw one up – and make sure that everyone, including the manager, signs a copy. If you’re playing the UK Lotto then you don’t have to register the entire syndicate with Camelot, but the manager does need to register as a player. If your syndicate wins then the money is often paid out to the manager (especially if you picked the numbers online). He or she is then responsible for distributing the prize among the other syndicate members.

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What about the Taxman?

Unless you’re setting a syndicate up as a sole means of income, then there should be no income tax to pay. Obviously, if a very large amount of money hits your bank account then it may tip the interest of HMRC. So again, having that syndicate agreement in place means you can prove that the money was a result of a lottery or betting win, and is not taxable income.

A win may, however, be subject to Inheritance Tax, as the money forms part of the winners’ estates. A winning slice of a syndicate pie would be seen as a ‘gift’ to the recipient, especially if they then pass away within seven years of winning the money. So once more, it pays to have that syndicate agreement document in place to show the provenance of your finances.

HMRC’s current policy is that as long as syndicate wins are distributed in accordance with a previously drawn up agreement, they may not be subject to Inheritance Tax. It pays to double check with a legal expert and ensure that all your affairs are in order – including that all-important syndicate agreement document.

Betting syndicates – going to the races

The other common form of group betting is a race syndicate. If you’ve always wanted to be leading a prize-winning racehorse into the winner’s enclosure but simply don’t have the money to own a horse outright, a racing syndicate could be the answer. It’s a very simple idea, and one that has allowed thousands of ordinary people to access the elite world of horse racing. A racing syndicate is a collection of people who each own a share in a racehorse. The horse itself is stabled, trained and ridden by professionals, but it’s the syndicate that actually owns the horse as a group.

When you consider that it costs around £25,000 just to train a horse for a year, you start to understand why this is considered as the ‘sport of kings’ – they are often the only people who can afford to buy a racehorse outright. Taking part in a syndicate reduces your costs considerably, but you will still have to pay out around £6,000 a year to be a member of a syndicate. Usually, the horse is sold on after four years, unless it’s phenomenally successful, so you’re looking at a potential four-year cost of £24,000.

So it’s still an expensive buy-in, but the rewards can be considerable. As an ‘owner’ you receive a share of the winnings, which in top-flight racing on both the flat and over jumps can be considerable.

There are two types of racing syndicates – formal and informal. An informal syndicate is a group who have simply clubbed together to buy a horse outright. While this may be a great way to break into horseracing, do remember that you’ll be responsible for the cost of livery, training and vet bills for the animal.

The alternative is a formal syndicate, arranged by a company that specialises in racing syndicates. This is probably the easiest way of all to get into a horse racing syndicate, but remember that with formal syndicates you won’t be able to sell your shares on. If you decide to drop out of the syndicate then the shares will revert back to the company.

Part-ownership of a racehorse may seem like an exciting idea and a sound investment, but beware – the risk/reward ratio is very high. If your syndicate ends up with a Derby winner then you could be thousands of pounds better off. But if it never places you could lose a lot of money, especially as there are often lock-in clauses that tie you into formal syndicates for a set period of time. As with any investment, read the small print carefully before you sign up.

In conclusion…

So if you want to increase your chances of winning, cut your wager costs and be part of a social group that has a strong bond and a will to win, join a syndicate. But make sure you do everything by the book, and don’t just say “Hey, I’ve got a great idea, why don’t we all just chip in?” It may seem like fun at the time, but if your numbers do come up and you win big, the repercussions of not having the right paperwork in place at the start can destroy friendships and ruin family relations. So always sort out your syndicate agreement before you buy that winning ticket or place that long-shot bet that comes in at 100/1.

With horse racing syndicates, remember that the buy-in cost can be very high, and the risk/reward ratio is considerable. But if you do find yourself as part of a Gold Cup winning syndicate, the rewards could be potentially enormous. Be prepared to be in it for the long haul (at least four years), and be sure you choose your horse wisely. As with any major betting investment, do your research thoroughly first.

You might not have heard much about him over recent years, but he is still around and still making his presence felt in some quarters, but in his heyday he certainly was a legend; one of the most colourful gamblers in the country.

Born in 1962 and often described as being “larger than life”, Harry Findlay is from High Wycombe in Berkshire. Leaving school at the earliest possible moment aged 16 his first job was at the local greyhound kennels. For a short time, he worked for a bookmaker, but it was clear he wasn’t cut out for the job; he preferred it when the punters won.

For most of his life he was a professional gambler and racehorse owner, but it certainly wasn’t all smooth running. Eschewing caution, he was notorious for placing huge bets and although some of them paid off, others lost big. From millionaire to bankrupt, these are just some of the ups and downs of his turbulent life.

Big bets

One of Findlay’s first betting coups was when he placed an unusual treble for £80 that included a horserace, Stefan Edberg at Wimbledon and Holland in the Euros. He got lucky and made £11,000. Subsequently success followed failure and failure followed success.

During the 1998 be believed he had discovered “a licence to print money” with football betting on the Asian handicaps. On one occasion he was in debt to the tune of £200,000, and after selling the deeds to his house and other liquid assets including the car belonging to his partner and mother of his two children, he raised a £90,000 bankroll. After just five matches he had lost most of it, with just enough money left for one more bet. It paid off, and by the end of the World Cup he had won around £2 million.

One of Findlay’s largest bets was £2.5 million staked on the All Blacks to win the 2007 Rugby World Cup. Unfortunately for him, they failed to do so, taken out by France at Cardiff. He learned a lesson though, and that was to never bet on rugby again. However, he was still happy to bet on most other things: horse racing, football, tennis, in fact it has been said he would bet on two flies on the wall.

Philosophy

Bombastic, boorish, flamboyant and loud, Harry Findlay has rarely found himself with nothing to say on his favourite topic. His fundamental philosophy is one of intense self-belief and he only bets when the odds are in his favour. Betting on double zero roulette is, he says, insane. Always on the lookout for value bets, he believes gambling is more profitable and less corrupt than the stock exchange.

Perhaps partly as a result of his job at the bookmakers, he has little time for them. He says that when you win they close you down. He prefers Betfair as they charge just 2% margin, and although he is now in dispute with their 5% margin, in just one year he handed over £70,000 commission to the betting exchange. He hates any form of corruption, and believes that it is trust that sustains the boom in football betting.

Denman

In partnership with Paul Barber, a quiet unassuming character who contrasted Harry Findlay in most quarters, he bought several racehorses. Some proved to be excellent investments, but none so much as Denman. It was in 2004 that Findlay and Barber became the proud owners of Denman, a chestnut gelding which, with Paul Nicholls as trainer, went on to enjoy a remarkable though somewhat bumpy career, including winning the 2008 Cheltenham Gold Cup.

In fact, it was the build up to the Gold Cup that brought Findlay to the attention of a wider audience as he styled his presentations as “Denman’s mouthpiece”, loudly insisting that Denman, who Findlay nicknamed The Tank, would stage an emphatic victory over Kauto Star, the then current champion. The PR men and horseracing in general loved it and the money rolled in.

In fact, Denman’s bumpy career mirrored that of Findlay; up one moment and down the next; a roller-coaster-ride of boom and bust.

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Banned by the British Horseracing Authority

In 2010 Harry Findlay was famously banned by the British Horseracing Authority for betting using Betfair against his own horse Gullible Gordon which was running at Exeter. At the time he had been struggling financially and Betfair had knowingly allowed him to use an account belonging to his friend Eammon Wilmott, another racehorse owner. The actual lay bets were placed by Glenn Gill, an associate of Findlay.

The six-month ban was condemned by Betfair as being disproportionate; Harry said he was mortified and a “heartbroken man” vowing to never own racehorses in Britain again even if he were to win an appeal against the ban.

One aspect of the tribunal that particularly upset him was the suggestion that he was attempting to profit from his horse losing. On that and at another occasion a few months earlier at Chepstow when he also bet against Gullible Gordon, he had also bet on the horse to win, making £35,000 at Chepstow and losing £62,000 when the horse failed to win at Exeter. The Exeter lay bet was a mistake; Glenn Gill hit the wrong button on the Betfair website. The reason for the lay bet at Chepstow was to protect his position at shorter odds, as the horse had a good chance of winning. His arguments were accepted, but he still received the ban.

Harry sells off his stock

Harry appealed against the ban, but lost. Subsequently he sold most of his horses at auction and ended his association with Paul Nicholls. But it wasn’t the end of his horse racing career; although he left jump racing behind, he turned his attention to flat racing.

Bankruptcy

At a meeting of his creditors on 8^th July 2013 at Warwick County Court, Harry Findlay was declared bankrupt. It wasn’t the first time; he had been declared bankrupt 20 years earlier in Scotland which is why he had sold his house. A complete cycle had been completed, and all he could do was move on.

Following his bankruptcy, he spent some time in Australia. Currently back in the UK, he appears to have adopted a much lower profile, in fact some say that he has gone to ground. Maybe he is just staying under the radar for reasons of his own. Perhaps sometime soon he will re-emerge, as bright, cheerful and optimistic as before; the sport certainly misses him, a truly unique character. 

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