Cashback and money-back betting specials are becoming popular and it isn’t hard to see why.
Sportsbook cashback and money back bets act like an insurance policy of sorts that award refunds or free plays to bettors when they make certain wagers such as accumulators and other higher odd bets.
- 1Types of Money-back Offers
- 2General Terms & Conditions On Money Back & Money Back Betting Offers: Min Deposit, Cashback Amount
- 3Money Back on No Goals Scored
- 4Money-back on Losing Accumulators
- 5Money-back on Horse Finishing Second
- 6Other Variations
- 7Money Back Betting Strategy
- 8Underlay: Profit, Matched Bets
- 9Pros and Cons
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Types of Money-back Offers
For serious bettors, there are several money back betting offers options available across a variety of sports. Just about every prominent online betting site will provide some sort of betting cashback to retain existing customers and attract new ones.
- Horse racing bets come with a variety of unique money-back bonuses. If your horse falls or does not race, you’ll find that several big betting companies will pay you betting cashback. These kinds of money-back guarantees come with their own set of restrictions and limitations.
- One of the most frequent forms of money-back wagers is the Bore Draw. If you bet on a side to win and the game ends in a tie, you’ll get betting money back. This sort of money-back bonus, however, only applies to bets on a team to score, not a draw outcome.
- If your wager wins at a certain point during the game, you can collect a cashback. For instance, if your chosen side scores first but does not go on to win the match.
- Finally, comes the confirmation of particular events. You can expect a betting payback if an event stated before the start of the game occurs. If the team you’re betting on, for example, hits the post, some bookmakers may pay you a money-back bonus.
General Terms & Conditions On Money Back & Money Back Betting Offers: Min Deposit, Cashback Amount
Various sportsbooks put a different spin on these money back sports promos but they all work in very much the same manner. If you fall just short, the sportsbook will reimburse you for the amount of your wager – this is the main idea behind the cash back betting system.
Of course, different refund limits and conditions apply: Not all money back bets are the same. If cash back betting is your cup of tea, then this page is for you – we will tell you everything you need to know about money back betting offers below.
Many betting reload offers and free bets have a minimum deposit requirement; each bookie’s minimum deposit requirement is different. Bookmakers may also impose a maximum restriction on the amount of betting cashback, but not on the amount of your wager.
You should also verify what markets the cashback wagering offers are available on since bookmakers update their money-back incentives on a regular basis. Some betting sites provide a free wager instead of the best risk free and no lose betting offers, so check the terms and conditions before deciding which one is appropriate for you.
Let’s take a closer look at some of the sports betting cashback offers and see how these incredible offers work at some of the most reliable and trusted sportsbooks around the world.
Once you are done with reading, you will also learn how to get money back from gambling sites too. Yes, sportsbook cashback bets are really that good.
Money Back on No Goals Scored
Best Sports Money Back and Cashback Promotions  – Updated List
When looking through the numerous daily sports betting offers on various betting sites, you will almost certainly run across the usual cashback offering. When you lose, the best bitcoin sports welcome bonus provides you cashback, allowing you to recuperate part of your losses. You’ve come to the correct spot if you want to learn more about cashback promotions.
Money-back on Losing Accumulators
Bwin offers a similar “insurance” cash back betting system on accumulators as William Hill. Many punters love to put together multi-team parlays. They also know how much it stings to miss a nice fat payout by one game. Now when they place a bet on a parlay with five or more legs, Bwin will refund the wager amount if the accumulator misses by one game. Taking advantage of this promotion will certainly soothe the sting.
The rules are simple. Put together a five-game soccer accumulator using 3-way results that have minimum odds of 1.50. If you happen to hit all five games then you can celebrate and collect money back free bet. If one game lets you down then you will be credited a free bet in the amount of the original wager up to £50.
If you miss by 2 or more games then you are out of luck. These ACCA Insurance bonuses must be used within 7 days of being issued or they will be forfeited. This offer does not apply to those who are using a free play to make their bet.
Accumulators with more generous terms and conditions regarding losses easily make up some of the best gambling cashback deals around. However, players hoping to use a cash back betting system to give themselves an edge will also find luck with bet back bonus offers, free betting cashback deals and other money back promos.
Money-back on Horse Finishing Second
Watching horses run around an oval track can be boring. Of course, it is very exciting when you have a little action riding on one of them. Horse racing has been a popular event to bet on for many years, especially in UK and Ireland, and it is about to get even more popular.
Online bookmakers have been offering money back second place bonuses that make it more appealing to bet on your favorite nag to win. Other popular horse racing reload offers UK are: free bets on odds above 5/1, fallers insurance or the extra places refund.
Top second place money back offers are almost too good to pass up. Punters just need to pick a horse and place a minimum bet of £5 to win. If their horse pulls through for them and wins then it’s business as usual.
However, if their horse comes in second place then top bookies will award the bettor a free play in the amount of the original wager up to a decent sum. This type of sports promotion is available at many other online sportsbooks that offer horse betting and gambling cashback deals, but the terms and conditions are different.
Bookmakers usually offer these cash back bonuses on select races only and many of them require that your horse needs to finish second to the starting price favorite. That means that if your horse finishes second to any other horse besides the starting favorite then the second place cash back refund will not apply.
Be sure that you are familiar with the conditions that apply to these sports betting cash back offers at your sportsbook. It should also be noted that some bookmakers also have these same promotions on greyhound races.
Other bookies always seems to be in thick of things when it comes to promotions. They know that cricket is one of the most widely followed sports in the world and many have a cash back betting special on cricket bets.
If your cricket team loses after scoring 175 or more runs in a T20 game that is broadcast on television, it is not uncommon to snap up betting cashback deals. Refunds do not apply to bets laid using free bets.
Bwin is always in the fray as well. They can always be counted on to offer any type of bonus scheme that is available at the competition and they did just that with their football tournament money back offers. Keep your eyes peeled for similar hot promotions that are regularly offered at Bwin.
A quick check of the amazing list of sportsbooks offering cash back betting options at GamblingJudge will see you sorted with a place to play. Pin-Up,bet, and LSbet all offer gambling cashback promos, and there is no shortage of top betting cashback options at Campeonbet, Betworld, Parimatch, Favbet or the cryptocurrency-friendly domain, 1xBit. For the best offers, the big guns are always the best, so keep a close eye on William Hill, Sporting Bet, Bwin and BetVictor for money back bonuses.
There are several variations of these sports betting money-back offers on losing bets. One such promotion is Coral’s “Golf Insurance” promotion. If a punter places a four-fold 3-ball or 2-ball accumulator on a PGA Tour or European Tour tournament, the player will receive a free bet of up to £25 if their parlay falls one short.
Coral also offers this type of offer on basketball accumulators and they have put a bit of a twist on Premier League soccer. With the soccer promotion, Coral will refund your bet amount if your play is winning at the 85-minute mark but ends up losing. These refunds come in the form of bonuses so they are subject to terms and conditions so be sure to read the rules closely.
These money back promotions allow sports bettors to take chances at big payouts with a little more confidence. Close doesn’t just count in horseshoes anymore. If you still have doubts about this industry, we recommended our virtual betting guide for more information.
Money Back Betting Strategy
In contrast to betting against traditional bookmakers, a betting exchange is an internet platform that allows gamblers to wagering directly against one other. Betting exchanges enable their clients to establish their own odds on the outcomes of every athletic event because sports betting is fundamentally a game of views.
As a result, while betting on a betting exchange, punters may usually take advantage of a considerably larger range of pricing, resulting in more earnings when a winning bet is placed! A betting market, in its most basic form, allows you to wager on any result, positive or negative. Sportsbet.io refunds the first losing bets.
Underlay: Profit, Matched Bets
When you underlay a bet, you’re betting a lower amount on the exchange than you typically would. The apparent result of this is that if your bookmaker’s back bet wins, you will earn more. Similarly, if the exchange bet wins, your profit would be reduced. There are times when you’ll want to underlay or overlay your bets to increase your chances of winning.
Bookmakers are constantly changing their offerings in an attempt to prevent matched betting. A bonus offer for free bets if your bet fails is one instance when you would wish to underlay your stake. When the bookmaker bet succeeds, you increase your profit by underlaying. This means that even if things go wrong and you don’t qualify for the free bet, you’ll still be able to limit your losses.
Matched betting is a tried-and-true method of profiting from bookmaker offerings on a regular and consistent basis. This incredible approach has assisted tens of thousands of individuals in earning a second income and is an excellent way to supplement your income in your leisure time.
If you watch any major sporting event on television, you’ll notice bookies offering free bets in exchange for registering an account or special deals that include the promise of a free bet if you lose. It is completely legal, and the money you earn is tax-free.
Pros and Cons
- Cashback deals might help you reduce your risk.
- You can work your way up the ladder — If you're a member of a VIP or loyalty club, your cashback benefit is likely to increase on a regular basis.
- Cashback offers are simple to comprehend.
- Even if you receive a payback bonus, you have still lost money while gaming. On that loss, you will get cashback, real money or free bets, or a portion of cashback, but not the whole amount, and you will remain out of pocket.
- With cashback offers, you may be subject to long wagering restrictions.
If your wager is successful, your winnings will be sent to your primary wallet. You do not get your initial free bet investment back. If the value of your total bet stake exceeds the value of your available free bet, the remaining bet value will be made up of your actual cash balance to the extent feasible.
A winning even money bet will pay out the exact amount wagered plus the initial stake. As a result, you've effectively doubled your money.
In most situations, free bets come with terms and restrictions that must be fulfilled in order to withdraw free bet winnings.
A “risk-free bet” is a promotion in which a new registrant places a bet for the very first time with a sportsbook, and if the bet loses, the player is given a bonus “risk-free” bet equal to the value of the initial wager.
Yes, you can cash out a Bonus bet.
Yes, it's possible - particularly if you're strategic about it. A free bet may be thought of as a chance to place a wager without risk and be paid out the bet's net profits if it wins.
Betting cashback bonuses are a fantastic method for bookmakers to keep and encourage clients to keep gambling on their site, and it’s a win-win situation for both the customer and the bookmaker. It’s essential to compare the percentages and betting criteria of the sports betting sites you use on a regular basis to see whether the best sports bonus codes and best sports betting promotions work for you.
Examine betting sites’ cashback incentives and the terms and conditions that come with it, such as whether the cashback is in the form of real money or free bets, where the cashback free bets may be placed, and if the returned funds are subject to any time restrictions.