Cashback offers are an interesting bonus several elite sportsbooks regularly hand out to the punters. As the name suggests, the bookie returns a certain percentage of your lost wagers as cashback. This helps minimise losses to a certain extent, which is why it’s used by both recreational punters and high-rollers.
Cashback offers maintain a steady cash flow even while you’re losing and this helps retain a positive wagering balance. However, not every bookmaker has a cashback policy. Therefore, you must dig around a bit to uncover the best deals. Usually, experts recommend bettors to find a British brand as they’re among the handful of bookies that have a lucrative cashback policy and offer the highest returns.
How to Find the Best Cashback Offers?
Finding a reliable sportsbook can be a challenge. Although there are countless online bookmakers, not every operator has a cashback program. So, the first task is to shortlist online bookies offering cashback.
Luckily, several top bookmakers have a money-back program. You’ll find the details on their terms and conditions page. Compare a few websites to find the best deal and create your account. If you’re looking for more information, you can read the FAQs or contact the customer support team.
This not only gives you first-hand information on the operator’s policies but also helps analyse the response time. With that out of the way, it’s time to create your betting account. The process is quite straightforward. Simply follow the guidelines and your account should be ready in a few minutes.
Once your account is live, it’s time to make a deposit. The top bookies accept several payment modes, so pick a method that you’re most comfortable with. Your options are bank transfer, debit/credit cards, mobile banking, and eWallets.
Also, different operators have different promotions. If you follow the guidelines correctly, you can claim a cashback when you lose a wager.
Types of Cashback Offers
There are several types of money back offers that you can choose from. The list includes cashback after losing a bet, free bets, and more. Let’s take a closer look at some of the most common offers.
Cashback After Losing a Bet
The most common type of cashback program that you’ll find today. Most bookmakers will return a part of your lost wager when the stakes are high. The promo returns a certain percentage of the betting value after settlement. So, you must wait for the selections in your bet slip to finish before asking for the cashback.