Cashback Betting Offers – Best Offers to get your money back
There is nothing that a new customer loves more than good cashback bonuses. The idea that even if their bets lose there is a chance to recoup some of the cash, whether it be real cash money, betting credits or free bets. Bookmakers offer cashback promotions to entice new customers to their site and extend rewards to loyal and existing customers, encouraging players to continue to wager bets on their site.
What Is a Cashback Bonus?
It is very popular nowadays for a betting site to offer cashback bonuses to players as part of their incentives to gain new customers and retain existing players to keep them gambling on their site. A cashback offer or money back promotions, as they can often be referred to, do exactly what the name implies. The bonus allows the customer to get the stake, or a percentage of their stake back on a placed bet if the bet does not win. These are obviously very attractive offers for customers as it allows an element of insurance or consolation if the placed bet does not win.
Cashback promotions can come in varying forms, some betting sites include a cashback offer as part of their welcome bonus, others offer cashback offers on specific sports or something specific occurring in a particular sporting event. For example, when football betting some of the best betting sites offer a cashback bonus if the result of the game finishes 0-0. Punters who have placed a bet on a particular team to win the match can expect to have their stake returned.
Another way a sports betting site or casino may reward players with a cashback bonus can be through a loyalty or VIP programme whereby the betting sites reward regular or high roller customers by offering a percentage of their bets placed back. The amount of the cashback can vary between betting sites, from 5% to 25% cashback on any bets over a certain period of time, either daily, weekly, or monthly.
If you were using this cashback bonus on sports betting, you would get a percentage of what you have lost back. For example, you bet and lose £50 on a team to win a match, and the cashback bonus for you for that week is 10%, so you will get back £5 as 10% of your loss.
It is important to note that nearly all cashback offers come without too many requirements, cashback is rarely paid out in real cash but will instead come in the form of a free bet or betting credits that you may only use at that particular betting site.
Why Do Bookmakers Offer Cashback and Free Bet Bonuses?
It may sound like a terrible business sense that a bookmaker offers players who are losing money a cashback bonus. But in the long run, it makes good business sense. It is a retention tool that encourages customers to continue gambling and bet more.
A lot of betting portals attach their cashback betting offers to loyal or VIP customers. So the customer must attain a certain ‘status’ within the bookmaker before receiving a cashback bonus.
When you look at the numbers, most of a bookmakers revenue is profit from customer losses. Paying back a small percentage of this to keep the customer is not only a clever way to keep them. But it is also a good way to gain referrals to their bookmaker.
If someone was betting with three or four bookmakers, they are more likely to recommend the one they will gain something back from their losses.
What are the different examples of Cashback Bonuses?
Cashback as Part of a Welcome Offer
An attractive welcome bonus or new customer offer is a cashback bonus upon making their first qualifying bet. Each betting site will have its own particular offers, it may be cashback or advertised as a risk-free bet allowing players to get a refund on the first bet they place if the bet does not win.
1
9.8/10
£100
2
9.7/10
520 Free Spins
3
9.5/10
£100
Sports Betting Cashback Offers
Sports betting cashback offers are very popular, especially when betting on football or horseracing. Betting sites constantly update their promotions, creating some form of betting cashback to keep their customers playing. A common example of how to earn cashback from a horse racing bet would be where the bookmaker will return the players stake if their chosen horse loses by less than a length, or a percentage of the stake returned if the horse finishes in second place. Another example of sports betting cashback offer could include seeing your stake returned in the form of a free bet if your outright bet winner finishes second or 3rd in a major golf tournament.
Cashback for betting on Specific Event
Online betting sites also offer a cashback bonus when sports betting on a specified event occurring during a specific event. For example, if a particular horse falls during a race the bookmaker will return the stake of the punters losing bet, or in football, if a specific footballer live score during the match or receives a booking, then the bookmaker will return the stake of players losing bets. This particular type of bonus is interesting for the customer as even if their initial wager does not win, an event that they have not bet on occurring might see them get a return on their funds.
Cash Back in the form of Free bets
As mentioned in the paragraphs above, many cashback deals come in the form of free bets rather than cashback as real money, especially in the sports betting industry. The difference being, withdrawal of real money cashback is possible without wagering requirements. Cashback as a free bet requires the customers to continue to use their site by wagering the free bets.
It’s very easy nowadays to earn cash free bets from cashback promotions as most sports betting sites now provide them. The most commonly used cashback offer in football betting is the Acca Insurance bet. If one team selected in the Acca does not win, the stake or a percentage of the stake will be returned as a free bet.
Are There Any Special Conditions to Betting Cashback Bonus Offers and using a Free Bet?
As with all bonus offers, there will usually be conditions. Although cashback offers and free bets are not subject to stringent requirements like other bonus promotions. There will still inevitably be some rules you need to adhere to.
Some sports betting sites restrict certain games in their betting cashback offers, and some may restrict certain peak playing times. For example, the wagering requirements for a cashback offer can be as low as wagering the bonus credited once. This is a lot lower than a deposit and no deposit bonuses which can sometimes be up to ten. There may also be a maximum betting limit to the amount of cashback a customer will receive.
Is It Possible to Have a Cashback Bonus as a Loyalty Programme?
A lot of bookmakers offer cashback bonuses as a way to reward VIP or loyal customers. They can do this in a number of ways. Sometimes the bookmaker will offer players a cashback bonus after they have been with them a certain amount of time. Sometimes it could depend on the deposit and sometime, it could just come down to what bets you place online.
Loyalty and VIP customers will usually either sign up to the programme by having a cashback bonus. Most bookmakers will use this tactic to retain customers, and keep the big fish in their pond.
Open Account Offer Bet £10 & Get £50 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Min deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets are credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes are not included in returns • Casino Bonus must be claimed within 7 days, wins are capped at £/€/$500 • To withdraw bonus/related wins, you must wager the bonus amount up to 40 times its value within 14 days • Casino Bonus expires after 60 days • Casino Bonus can be used on selected games in casino only • Restrictions apply to withdrawals, payment methods & countries & full T&Cs apply.
18+ new customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply. begambleaware.org | Please gamble responsibly
New Customers only; Min. deposit £15; Bonus amount 50% of deposit up to £50; Wager deposit and bonus 8x within 30 days; 4/5 Min. single odds or 2/5 min. acca selection odds; Max. stake contribution equal to the initial bonus; Certain bet types and payment methods excluded; See full terms; Terms apply; 18+
18+ | Get up to £50 in FreeBets, an Odds Boost Token, 20 Free Spins and £10 Casino Bonus when you sign up to sportingbet today. Get rewarded as you complete our 4 Welcome Challenges, plus get an extra £20 FreeBet when you complete all 4. | T&Cs apply
18+ New customers only. Opt in and bet £10 on any football market at odds 2.00+ in 7 days. No cash out. Get 4x £10 football free bets for set markets. Free bets expire in 7 days. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly
18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 1/5 (1.5) for each selection | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | T&Cs apply
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.
No Deposit Offer: New players with valid mobile number only • Claim in 48 hrs • 14 day expiry • Valid for selected games • Pre-1st deposit only: Bonus wins & max redeemable amount capped at £100, excl. JP wins • Wager Bonus x1 - req. contributions vary by game • Bonus expires in 90 days • Deposit Offer: 1st time depositor at 888casino only • £20 min deposit • Claim in 48 hrs • Valid for selected games • Bonus wins capped at £500, excl. JP wins • Pre-1st deposit only: Bonus wins & max redeemable amount capped at £100, excl. JP wins • 30x wagering – req. vary by game • Bonus expires in 90 days • Payment method & country restrictions apply • Withdrawal terms, No Deposit Offer terms & Deposit Bonus Offer terms apply.
18+. Play Safe. New UK customers only. Opt in required. 1x per customer. Min. £10 deposit. 1st deposit only. Selected games only. Max. Bonus £100 with 15x wagering and 100 Free Spins at £0.20/spin on Lucky Mr Green with 15x Wagering. Free Spins and Bonus credited once deposit amount has been wagered on slots. Bonus and Free Spins expire 7 days after issue. Game weighting, game, country, currency, player restrictions and terms apply.
New casino players only. No deposit bonus is subject to account verification. Min. deposit £10 with code ‘FIRST200’. Debit card (Visa or Mastercard) only. Valid on selected games. 7 day expiry. All spins must be used before withdrawal allowed. Terms apply.
18+. New players only. 21 No-Deposit Spins on Book of Dead. Min deposit £10. Bonus funds are 121% up to £100. Bonus funds + spin winnings are separate to cash funds and subject to 35x wagering requirement. Only bonus funds count towards wagering contribution. £5 bonus max bet. Bonus funds must be used within 30 days, spins within 10 days. Affordability checks apply. Terms Apply. BeGambleAware.org
T&Cs apply. New reg only. Opt in & deposit £10, £25 or £50 within 7 days & further 7 days to wager cash stakes 35x to unlock reward (£50 on 2 deposits). 3 day exp. Wagering/game contributions vary. 25 wager-free spins x10p to added to Big Bass Splash with each qualifying deposit, 3 day expiry. 18+ BeGambleAware.org.
New customers only. 18+. Promo code CASINO100. £10 min transfer and stake on Slots at Betfred Casino within 7 days of registration. Minimum 5 game rounds. Game restrictions apply. Max 100 Free Spins. 50 Free Spins on Lucky Emeralds or Blue Wizard followed by 50 Free Spins on selected games within 48 hours. £0.10 per spin. Free Spins must be accepted within 3 days. 7-day expiry. Payment restrictions apply. SMS validation may be required. Full T&Cs apply.
18+. New UK customers only. Opt-in required. 20 Bonus Spins on "Sahara Riches Cash Collect" and 100% Deposit Bonus up to £25 on first deposit. Min deposit £10. 30x wagering requirement for Bonus Spins and 30x wagering requirement for Deposit Bonus (game weighting applies). Max £5/spin or £0.50/line or £10/round (live casino). 30 days expiry. T&Cs apply. Please gamble responsibly • www.begambleaware.org
Load More
What Are the Positives of Cash Back Bonuses?
You can minimize your risk with cashback deals – Betting online will always carry some risk, even if you are a very careful player and stick to good odds. You are still at risk of making a loss if the bet doesn’t go your way. The most experienced sports bettors can still make a loss, so it is a good benefit if you can recuperate some back.
You can work your way up the ladder – If you are in a VIP or loyalty programme, your cashback bonus will likely go up every so often. Or after you have played for a certain time or lost a certain amount. Some online sports betting sites offer up to 25% of your loss as a cashback bonus.
Cashback deals are easy to understand – A lot of online betting deposit bonuses and no deposit bonuses can become very confusing. However, a cashback betting bonus is easy to follow, it is just a loss percentage.
Negatives of Cashback Bonuses
You are still making a loss – Although it is a nice thought that you will get some of your cashback from betting. When you get a cashback bonus, you have still, essentially, made a loss whilst gambling. You will receive cashback, real money or free bets or get a percentage of cashback on that loss, but it is still not the full amount and you will still be out of pocket.
You could be subject to lengthy wagering requirements with cashback deals – Most online bookies have wagering requirements that are a lot less heavy-handed than the wagering requirements for their other offers. However, this doesn’t mean that strict wagering requirements do not exist for cashback bonuses. Some sports betting sites can ask you to wager the bonus up to ten times before you cash out meaning added gambling time. If the only bookmaker you qualify for a cashback bonus with has such wagering requirements, it may not even work out worth your time.
Overview of Cashback Bonuses
Betting cashback bonuses are a great way for bookmakers to retain and encourage customers to continue gambling on their site, which works out mutually beneficial for the customer. To find out if it will work for you, it is best to compare the percentages and the wagering requirements of the sports betting sites you use online regularly.
Research betting sites’ cashback promotions and the terms and conditions that come with the promotions at bonus.org, if the cashback is real money or in the form of free bets, where the cashback free bets can be played and if there are any time restrictions imposed upon the returned funds.
+4 
+2 
+8 
