WHAT IS THE CASHBACK BONUS, AND WHY DO BOOKMAKERS OFFER CASHBACK BONUS?

Cashback bonus is a refund of a certain percentage to a player if bets placed. This bonus is mostly popular for the lovers of casino, however, it is also available for bets placed on sports events. 

Some bookmakers offer this bonus as a percentage of lost bets, while others offer it as a percentage of all bets placed, provided that all the requirements are met. 

These cashback bonuses are meant to encourage players to place bets, rewards players for their loyalty and also offer net cushion for stake lost. 

Top Cashback Bonuses

Most of the cashback bonuses available are dedicated to the casino section. However, we do have a number of sportsbook cashback bonuses. Here is a table of top cashback bonuses:

What are the types of Cashback Bonuses?

Here is a list of the types of available cashback bonuses:

Welcome Bonuses

In most cases, this bonus is offered in the form of a free bet for lost stake for the first qualifying bet placed by new players. The bonus can be 100% cashback on lost stake or a certain percentage of the lost stake. To receive this bonus, new players must make a qualifying deposit after their successful registration and place a qualifying bet that meets the set criteria. 

VIP Casino Cashback Bonuses

Top bookmakers reward their customer's loyalty by offering a cashback bonus on bets placed on the casino section. This bonus in most cases is offered as a loyalty program and the cashback amount and the frequency with the players can receive the bonus depends on the loyalty level reached.

Alisa Barladyan

Global bookmaker Paripesa runs an 8-level VIP Cashback bonus where players earn a cashback bonus on all casino bets placed - both won and lost depending on the level reached. At the highest level - the VIP level, players get exclusive offers, and VIP support, and their cashback is calculated based on all their bets, regardless of whether they win or lose.

Cashback after Losing a Bet

To claim this type of cashback bonus, players need to place a bet on the featured match, and if the qualifying bet loses, the player will receive a cashback on lost stake up to a maximum set cashback amount, 

Kamau Ndirangu

1xBet offers the 1xPunch bonus, where players get a chance to strike back and win even more by getting a cashback-free bet bonus if a qualifying bet is placed on a fight featured on the offer page. The maximum cashback bonus is 90 EUR.

Daily/Weekly/Monthly Casback on Lost Bets

This bonus is offered weekly and its size varies for different bookmakers. The bonus comes with different wagering requirements which must be met before receiving the cashback. In most cases, the bonus is credited as real money bonus and can be withdrawn. 

Stanley Matheka

MEgapari offers a weekly sports cashback bonus where players receive a 3% cashback on weekly lost bets with the minimum cashback amount being set at 1 EUR and the maximum amount you can receive is 1000 EUR.