You can only take part if you have not previously placed a bet with Betfair, including those existing customers.
This offer is only open to Australian and New Zealand residents, except for those located in VIC, NSW, SA and WA.
After registering using a valid promotional code, simply place your first bet with Betfair with a stake of up to $200 (Qualifying Bet) and if your bet is unsuccessful, Betfair will refund the value of the bet up to $200.
Typically, Betfair will credit your account within one day of your Qualifying Bet being placed.
You must place your Qualifying Bet within 7 days of registering with Betfair in order to be able to participate in the Promotion.
Where your Qualifying Bet is a "lay" bet, Betfair will refund your liability up to a maximum of $200.
In the event that your Qualifying Bet is successful there will be no refund payable under this Promotion.
Any refunded amount must be turned over at least one time at odds of $1.30 or higher before you are able to withdraw the bonus amount.
This offer is not valid in conjunction with any other offer.
Betfair reserves the right to cease the Promotion at any time.