Moneyback or cashback offers as they are often called by punters, have boomed in popularity over the last couple of years thanks to the numerous advantages they bring. Punters that are after money back bookmakers are drawn by the possibility of getting a portion of their losses back through these cashback deals. Offered in different percentages, these moneyback deals are available for all player types as they apply on the amounts wagered and can be beneficial to both recreational punters and high rollers. If you are looking for some high-quality money back betting sites or you are interested in a good sportsbook backup deal, make sure to check out this page regularly as we will post all the new deals out there.
What is cash back in betting
Moneyback Sign Up Offers
Cashback offers can be accessed right from the moment you make the first deposit on a bookmaker. Indeed, most online betting sites prefer to go with a matched bet to give punters a bigger balance and better winning chances. However, especially for those bookies that cater to UK punters, cashback offers as a sign-up promotion are not excluded.
Moneyback in Real Cash
Perhaps the most wanted form of moneyback offers are the ones that reward punters with withdrawable real cash. However, this type of cashback bonuses are quite a rare appearance and usually are reserved for high rollers. No matter how you put it, getting money back if a bet loses is a great second chance to place some more wagers and try your luck for a second time.
Money Back as a Free Bet
If you are still wondering ‘ what is a money back free bet’, we have the pleasure to share some details with you. The only difference between a free bet cashback offer and one that gives you real cash comes from the ability to withdraw that amount. However, since many punters are interested in just placing another bet, free bet money back deals are just as useful. You must also be aware of the fact that the free bet received from a moneyback deal will be tied to wagering requirements most of the times. The industry standard for wagering requirements attached to cashback deals is around ten times the amount you receive, and you usually have to place the bets on odds of at least 1.4 to count towards meeting the wagering requirements.
Cashback Offers for Existing Customers
Cashback betting sites have a full range of different deals to award for existing customers. No matter if the promotions are directed towards a certain sport or an important sporting event, bookmakers cash back deals are still very profitable and can dramatically increase your winning chances. Here are the most popular cashback offers you will find at online sports betting sites.
Being the most popular sport, football offers the most opportunities for cashback offers. Punters that predominantly place their bets on football matches have different choices when it comes to receiving a moneyback bonus. One of the most used versions of a cashback promotion on football events is the acca cashback. In other words, some bookies will give you your stake back as a free bet if you miss by one. For example, if you have five selections on an accumulator bet and you correctly predict the outcome of 4, you will get your original bet back instead of simply losing the betslip.
Horse Racing Moneyback Offers
Another very popular sport that makes it extremely easy for bookies to develop cashback offers is horse racing. Out of the multiple outcomes of a race, punters can enjoy cashback bonuses quite easily. A good example, for those that are only betting on the biggest races in the UK, the money back as a free bet Cheltenham bonus is extremely popular. Similar to the cashback offer in football, you can get such a cashback bonus if the horse you predict to win the race gets second place. So, another close-call situation where the punters almost got everything right.
Money Back Specials
Besides the money back deals that are mainly focused on sports, you can access a wide range of offers that are more specific. These bonuses are often used by bookmakers for marketing purposes and give cashback deals for special situations like the goalkeeper scoring a penalty. Considered by some punters to be among the best cash back deals, these combo bets that involve several actions in the same match like ‘Kane to score two goals and Tottenham to lose’ are enjoying a boom in popularity.
When it comes to money back bonuses, you are free to stake as much as you wish. However, you might be wondering ‘ How much money will I get back on my bet?’. You should know that there are limitations regarding the maximum amount you can receive from such a bonus, rarely surpassing €/£100.
The process is very simple. First of all, you should opt in for the moneyback promotion. Then you place your bet, and if the moneyback bonus conditions have been met, you will receive the free bet bonus. With this bonus, you are free to place other bets and meet the wagering requirements. These change from one bookie to another, however, a minimum odd is almost always mentioned in the requirements.
The cashback bonuses offered by bookies only apply for the situation in which the bet you place is lost. That is why they are so popular since they allow punters a second chance even if they do not get it right the first time.
At the moment this article was written there were no bookmakers to offer a cashback bonus on each way betting. Since these betting market already has a more than one outcome covered, a cashback deal cannot be applied.