Cash Back Betting Offers – Search for Numerous Cash Back Betting Sites

Cashback bonus betting is a way of betting online and being awarded a bonus on your net loss. This will usually be over a specific period of time which can vary from online bookmaker to online bookmaker. If not a period of time, cash back betting bonuses can be worked out per specific game. Cash back bonuses are worked out as a percentage of net loss. There are usually less strict wagering requirements with bets of this type, but different bookmakers will have different terms and conditions.

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What Is a Cash Back Bonus?

A cash back bonus is a way for online gamers to minimize their losses over a certain period of time. They vary between bookmakers, but you will usually get anything from 5% to 25% cash back on any bets or games 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 offered to standard players playing with real cash as well.

Cash back betting offers give online bookmakers the opportunity to retain customers and stop them from going to the competition. Many online bookmakers offer very generous no deposit bonuses now, so if a customer is continuously making a loss on one bookmaker, it is likely they will change to another one. Another benefit for the bookmaker, is that people will be encouraged to bet more, if they decide that they are betting at a lower risk.

If you were using this cash back bonus on sports betting, you would get the percentage of what you have lost back. For example, you bet £50 on a slot, and the cashback bonus for you for that week is 10%, so you will get back £5 as 10% of your loss.

Cash back betting offers can also come with maximum amounts, which again vary from bookmaker to bookmaker. For example, if you were offered 5% cash back on a certain game on a certain day, like roulette, and then you played and lost £500, you would still only receive £50 as this is the maximum.

Although cash back betting offers can vary in percentage or time period, the maximum cashback amount is usually a set standard for the bookmaker and isn't usually changed. It can sound too good to be true that an online bookmaker will pay you for losses, but there are benefits for them as well.

The advantage for the customer in this situation, is that if you are careful and you stick to the terms and conditions, you genuinely can minimize your risk and get back some losses. It will certainly help if you do not make losses often.

Why Do Bookmakers Offer Cash Back Bonuses?

It may sound like terrible business sense for a bookmaker to offer customers who are losing money, but in the long run it makes good business sense. As discussed above, they can retain customers and also encourage them to gamble more.

A lot of bookmakers attach their cash back betting bonuses to loyalty or VIP customers, so the customer has to attain a certain 'status' within the bookmaker before they can receive a cash back 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 within their bookmaker 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 Cash Back Bonus Offers?

As with all bonus offers, such as mobile bonuses and no deposit bonuses, that online bookmakers give customers, there will usually be conditions for cash back betting offers. Although they are not subject as 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 cash back betting offers, and some may restrict certain peak playing times. The wagering requirements for cash back betting for example, can be as low as wagering the bonus credited just one time. This is a lot lower than deposit and no deposit bonuses which can sometimes be up to ten.

This is also a lot lower than 'top up' or 'reload' bonuses which are another way online bookmakers reward loyal customers. These bonuses are given to customers who top up or deposit more, and they are usually subject to more rigorous wagering requirements than cash back bonuses.

Is It Possible to Have a Cashback Bonus as a Loyalty Programme?

A lot of bookmakers offer cash back betting 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 cash back betting 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 games you play online.

Loyalty and VIP customers will usually either be signed up to the programme by having a cashback bonus or a top up bonus, which is exactly the opposite of a cash back 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?

You can minimize your risk

Gambling online, either via slots and games or sports betting 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 players in online bookmakers can still make a loss sometimes, 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, 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 cash back bonus.

They are easy to understand

A lot of online betting deposit bonuses and no deposit bonuses can become very confusing, especially if you are spreading your online presence across sports betting and online gaming. There are some bookmakers that offer loads of different bonuses which can be confusing. A cash back betting bonus is easy to follow, it is just a percentage of a loss.

Even if the timescale changes, it will still only ever be a set percentage of a loss.

What Are the Negatives of Cash Back Betting?

Once you are in, you are in

Once you have joined a bookmaker which will offer you cash back betting, it is unlikely you are going to change over to one that doesn't. This means you may miss out on different games or better odds because you want to stick with your safety net of cash back betting.

You are still making a loss

Although it is a nice thought that you are going to get some of your cash back 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.

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 deposit and no deposit bonuses. This doesn't, however mean that strict wagering requirements do not exist for cash back betting. 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

Cash back betting is 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 between the percentages and the wagering requirements of the bookmakers that you use online on a regular basis. It is also worth checking to see what games are subject to cash back betting, as you may sign up and then realize that the game you most commonly play does not offer this option.

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