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No Code Needed Claim Bonus 1xBet Bonus Info »

100% Bonus on the first deposit up to €100!

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No Code Needed Claim Bonus Bet365 Bonus Info »

Open an account with bet365 today and bet on a huge range of markets with the world’s favourite online sports betting company.

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No Code Needed Claim Bonus Stake.com Bonus Info »

7 USD No Deposit Bonus. Claim $1 a day for 7 days. No strings attached. Reloads increase further after depositing and wagering. New accounts only.

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7 USD No Deposit Bonus and total of $100 USD in reloads for deposits over $100

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€30 FREE BETS Place your first bet of €10 and Get two €10 Free Bets and a €10 Free Bet for mobile upon bet settlement!

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No Code Needed Claim Bonus Betway Bonus Info »

100% matched Free Bet up to $/€30

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100% up to 122€ Bonus on the first deposit plus 22 Bet Points

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No Code Needed Claim Bonus Betfred Bonus Info »

Only available to new customers from UK & Northern Ireland. You must stake £10 or more at single/cumulative odds of Evens (2.0) or greater on your first bet. Free bet balance of £30 credited within 48 hours of your first bet being settled. Free Bets expire after 7 days. E-Wallet restrictions apply.

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100% up to €25 for the first deposit

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What Is a Cashback Bonus?

A cashback bonus is a way for online bettors to minimize their losses over a certain period of time. They vary between bookmakers, from 5% to 25% cashback on any bets over a certain period of time, either daily, weekly, or monthly. These are usually offered to loyal or VIP customers. However, it is not unheard of for them to be made available to new customers as a welcome bonus.

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 match, and the cashback bonus for you for that week is 10%, so you will get back £5 as 10% of your loss.

Why Do Bookmakers Offer Cashback Bonuses?

It may sound like terrible business sense for a bookmaker to offer customers who are losing money a cashback bonus. But in the long run, it makes good business sense. As a retention tool and also encourages customers to bet more.

A lot of betting portals attach their cashback betting bonuses to loyalty or VIP customers. So the customer has to attain a certain ‘status’ within the bookmaker before they can receive a cashback bonus.

When you look at the numbers, most of an online 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 gaming with three or four online bookmakers, the one they are more likely to recommend is the one that they will gain something back from their losses from.

Are There Any Special Conditions to Betting Cashback Bonus Offers?

As with all bonus offers, there will usually be conditions. Although Cashback bonuses are not subject to stringent requirements like other bonus offers. There will still inevitably be some rules you need to adhere to.

Some bookmakers restrict certain games in their cashback offers, and some may restrict certain peak playing times. The wagering requirements for cashback bonuses, for example, can be as low as wagering the bonus credited one time. This is a lot lower than a deposit and no deposit bonuses which can sometimes be up to ten.

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 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 so that they can retain customers, and keep the big fish in their own pond.

What Are the Positives of Cash Back Bonuses?

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  • You can minimize your risk - Betting online is always going to 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 bettors can still make a loss, so it is a good benefit if you can recuperate some back.
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  • You can work your way up the ladder - If you are in a VIP or loyalty programme, it is likely that your cashback bonus will go up every so often. Or after you have played for a certain time or lost a certain amount. Some online bookmakers offer up to 25% of your loss as a cashback bonus.
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  • They 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 percentage of a loss.

Negatives of Cashback Bonuses

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  • You are still making a loss - Although it is a nice thought that you are going to get some of your cashback from betting. When you get a cashback bonus, you have still, essentially, made a loss. You will get a percentage back on that loss, but it is still not the full amount and you will still be out of pocket.
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  • You could be subject to lengthy wagering requirements - Most online bookmakers have wagering requirements that are a lot less heavy-handed than the wagering requirements for their other bonuses. However, this doesn't mean that strict wagering requirements do not exist for cashback bonuses. Some bookmakers can ask you to wager the bonus up to ten times before you cash out. 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 Cash Back Bonuses

Cashback bonuses are a great way for bookmakers to retain customers, and it does work out mutually beneficial for the customer. To find out if it is going to work for you, it is best to make comparisons. These between the percentages and the wagering requirements of the bookmakers that you use online on a regular basis.