New Customer Opening Account Offers

18+, Ts & Cs Apply. New Customers Only.

Last Updated : February 27, 2024

Paddy Power Bet £20 and get it back as cash if it loses

When signing up for the first time as a Paddy Power customer (you can use the links on to swiftly make your way to their site), you bet £20 and get it back as cash if it is a loser.

How to claim the Paddy Power Welcome Offer :

  1. Simply click on any Paddy Power link or banner you see on our site
  2. Register for your new account and make an opening bet worth £20.
  3. If your selection is then unsuccessful, Paddy Power will refund your stake in cash within 1 hour.

Along with the Paddy Power welcome bonuses for new customers, they also offer plenty of money-back special offers for all sporting events. Use the money back offers to help retrieve your wager back in the form of a free bet even if your bet loses.

Terms & Conditions of the Paddy Power Welcome Offer

  • New customers only, limited to one per person.
  • If you’ve previously had a Paddy Power account, you will not qualify for the offer.
  • Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH.
  • Max refund for this offer is £20.
  • Only deposits made using Cards or Paypal will qualify for this promotion.
  • Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+.
  • T&Cs apply.

New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your first bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £/€20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.

How to Use Your Paddy Power Welcome Offer

The Paddy Power welcome offer is a slightly different one to that you will normally see, and that does give it an advantage. You don't need to bet on any specific sports or markets, or place any specific type of bet, so you can do as you please with this offer, which is always a bonus. Simply place your bet as normal, but the good news here is that you will receive your stake (up to £20) back as cash if it is a loser. This may be bigger than your normal stake, but don't let that put you because if it does lose, you will get your stake back in cash up to £20. The bet will be settled as a normal winner if you are lucky enough to find a winning selection, and if it is a loser then you will be given back the £20 in cash within one hour. 

There are no turnover requirements, bonus funds or anything else in here to cloudy the water, this is as simple an offer as you could possible get from Paddy Power. Here is a step by step guide to show just how simple and easy it is for you.

  1. Ensure your opening deposit into the new account is £20 or more
  2. Head to the betting markets and place a bet on something you fancy. This can be any sport, any market, there are no restrictions here.
  3. Place a bet of £20 on the selection to win
  4. If your bet is a winner then congratulations! You have just backed a winner with a £20 stake, your winnings including stake will be returned to you after the bet has been settled
  5. If your bet is a loser then fear not. The full £20 stake will be returned to you as real cash, not free bets, within one hour of the event finishing

Sports Betting Markets to Use your Welcome Offer

As mentioned above, the Paddy Power welcome offer can be spent on any sporting market, so you have the full Paddy Power portfolio waiting for you. Whether this is a bet on live TV racing, a bet on the Champions League football action during midweek or a trip over to the US for the NBA, NFL or NHL, you will have plenty of options when it comes to a market you can place your bet on. The simplest way is to use the straight win market, but we know some people find that a little boring, if you are one of these then use this opportunity to go with something different! For those betting on football you can look at markets such as the goal scorer markets, correct score betting or even both teams to score, something that is a popular bet with punters. 

Those heading over to the US sports section have an equally great range to choose from. Whether its the total goals line, handicap betting or the straight win, there are many different ways to get invovled in those sports with your welcome offer from Paddy Power. The idea behind this type of offer is to allow you to choose what you want to bet on, with no restrictions on sports or markets. This means you can open up a new account but not find yourself forced into placing a bet you don't normally place, you can sign up with Paddy Power but keep everything else the same, with the one exception being that if your first bet loses then you will receive your money back!

Paddy Money-back Specials

Paddy Power are the market leaders when it comes to money-back specials. Quite simply, no other bookmaker compares. Whether it’s refunding bets on the Masters if Dustin Johnson wins, or giving you your money back when Altior wins the Champion Chase at Cheltenham. For almost every major sporting event, plus plenty of minor ones too, Paddy Power offer money-back specials to their customers.

Best Odds Guaranteed for Horse Racing

One major frustration when taking odds on a horse race is when the SP is larger than the one you took. If that happens at Paddy Power, you will be paid out at that larger SP on all UK and Irish racing. This applies to prices taken after 8am on the day of the race. The most you can win in one day from this promotion is £1000. Full details on the Paddy Power site.

Beat The Drop  with Paddy power

Paddy Power introduced this feature just before the 2018 World Cup and it's still going. All you need to do is choose a stake which can be £2, £5, £10, £20 or £50 and then set the number of questions you wish to answer. It's up to you to see if you can keep the total pot that is available. Choose your first fixture and the market you wish to bet on. You can then either split your pot, or go all the way in on each question. Just repeat this process until you have answered all of your questions. Whatever money is left in the pot at the end of all the questions is instantly credited to your account as real cash. The maximum winnings from any single game is £1m. 

Sign up to Paddy Power and play Beat The Drop and you’ll receive a £/€1,000,000,000 Pot. Answer the chosen number of questions while either splitting the pot or going all in. Money left in the pot after all the questions are answered is yours to keep. One free entry per customer to a £/€1,000,000 pot £/€20 version of the game. T&Cs apply.

Same Game Multi

One of the new trends in sports betting is customised markets whereby customers can combine a variety of linked events in a football match. Paddy Power’s version is called Same Game Multi which is also available on the Betfair brand. This feature allows bettors to place a wager on an accumulator containing selections from the same football match. For example, you can combine the team to win, the first scorer and a player to be booked at any time. Some of these elements are related so you don’t get the full combined odds. The odds will be adjusted in favour of the bookmaker so even though it looks like an attractive proposition Same Game Multi offers no value but it does allow customers to combined linked events in a football fixture. Customisation now gives football bettors more combinations at accumulated odds.    

Paddy Power Bets Selection

Paddy Power offers a good variety of markets on which you can place bets. There are more than 54 different sports categories available on their website, among which you can also find other non-sports events on which you can place bets. From football to horseracing, tennis to snooker and Irish GAA sports such as hurling and football it's all available on Paddy Power.

Using Paddy Power to bet on Horse Racing couldn't be easier. Simply navigate your way to the horse racing card of your choice - whether your preferred race is at Newton Abbot or Newmarket, it's all there on Paddy Power. Once there, you will find a card similar to the one on your left here, where you can make your selection.

Once selected, your bet(s) will be added to a betting slip such as the one seen below. Here you can choose your bet type - single, doubles, trebles, Lucky 15, etc - and your bet stake. Your potential returns will also be calculated and displayed in this window. Once you're ready to go simply hit the 'Place Bet' button to confirm your bet.

About Paddy Power

Paddy Power is considered to be the largest and the most popular bookmaker in Ireland. It was launched back in 1988 and it’s currently one of the fastest growing sportsbooks in the UK. During the last couple of years this site has improved a lot. First of all you can see that the odds offered have started to get better and they are now taking less margin. In this highly competitive industry you must stick with the large sportsbooks in order to make sure that you have the best possible odds.

Paddy Power offers a live betting option which lets you place wagers on games which are already in progress. There is also a live streaming feature which allows you to see up to 3,000 sports events straight from your browser.

Signing up for Paddy Power is very easy since they accept Paypal. There is also a very competitive welcome bonus that allows you to place a bet. The promotions keep on changing at a fast rate and the large amount of sports events covered every day is definitely going to keep you close to Paddy Power for a long period of time.

In addition to the sports betting services, Paddy Power also offers an online skill games, lotteries and bingo. This way in case you ever get bored on placing sports bets, you can always switch over to something new. However, the Paddy Power site is now so diverse, in fact one of the most varied in the betting industry, and they focus heavily on humour and fun. To this end, if you are a fan of the Novelty Betting Markets then this is the site for you.

Paddy Power History and Reputation

Paddy Power is the largest sportsbook in Ireland and at the same time it manages to gain a lot of popularity in the UK very fast. The company was funded back in 1988, but the online services were launched back in the year 2000. The company that owns and operates this website is called Paddy Power plc. and is listed at both the London Stock Exchange and the Irish Stock Exchange.

The gambling license under which they operate is from the Isle of Man. Thanks to the many safety precautions, you can have a worry-free betting experience at Paddy Power. Paddy Power is one of those bookmakers that accept Paypal. Paypal is currently only working with some of the most reliable and trusted gambling websites in the world.

Paddy Power Customer Support

The Paddy Power customer support service is located in Dublin, Ireland. You can get in touch with them via e-mail, live chat and toll free phone numbers for UK and Ireland, while toll charges are going to apply for calling them from anywhere else in the world.

There is also a Frequently Asked Question section available online, where you get the chance to find an answer to any of the questions that a new bettor might have.

The staff proved to be very friendly and knowledgeable, but since the support is not available 24 hours a day, some delays might occur from time to time in getting the responses.

Here is the schedule of the Paddy Power customer support service:
Monday to Saturday – 8 a.m. to 12 p.m.
Sunday – 9 a.m. to 12 p.m.
(Local Ireland Time)

Paddy Power is currently an industry leader that manages to offer a very good coverage over the sports betting industry. Here you get the chance to find plenty of innovative features and in addition to that there are also tons of unbeatable promotions.

About Our Star Rating:

This is a great offer that gives you the chance to be a little bit daring with your first bet. You can do that as if it isn't a winner, you will receive your stake (up to £20 max) back in cash.

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