This article looks at the subject of the cashback bonus. It is a promotion used by online bookmakers to attract new customers and encourage existing customers to keep using an active account. The thinking of the concept is to take the risk out of placing a bet. The internet sports betting industry is highly competitive and promotions with evocative descriptions are used to gain or maintain market share in an ever-evolving business environment. The cashback bonus is a very good example.
Cashback Bonus
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If you betting tips didn’t quite go your way during the week, you get 10% cashback on the following Sunday. Be sure to opt-in on site!
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When your team lets you down, Pin-Up remains on your side with a 5% to 55% cashback on losing accumulator bets!
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Betwinner makes it possible to insure your bets at 100%! So that you get a full refund should your team let you down!
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Play with ComeOn; if your cricket team lets you down, you get a 50% refund in the form of a free bet of up to ₹500.
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Try your luck at ComeOn and claim the 100% match bet money back bonus up to ₹2,500 if your first bet loses.
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Fan of Champions? Optibet gives you a €15 risk free bet when you wager €75 on the top European football competitions.
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New in Optibet? Wager over €30 on any sport and odd and get 2x €10 risk free bets. These are refunded if your bet is lost!
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Better safe than sorry, right? With LVBet, you secure up to €30 of your bets of 4 or more selections if just one of your predictions is lost.
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Were you unlucky in your previous week´s bets? Zulabet has your back with a weekly 50% cashback up to €500!
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For those trying their luck on volleyball betting, 10Cric offers yet another weekly 10% cashback on net losses and up to ₹4,000!
The online sports betting market has been developing since the end of the last century. It has become a vast multi-billion pound market that is still growing. There is huge potential in countries that have immature or even non-existent online gambling laws. Offshore betting companies take advantage of loopholes to accept players from countries where there is no formal legal structure for online gaming. Free bets and bonuses are important elements of business development.
The cashback bonus is one of the promotions that are designed to appeal to current members and potential new customers. Research has shown that many online bettors have two active accounts but are open-minded to registering with a third operator. A cashback bonus could be the tipping point that persuades a potential new customer to choose a participating operator. The wording resonates with individuals who like something for free and a cashback bonus is akin to a free bet.
100% up to ₹8,000
Kick off with a ₹8,000 matched bonus or a ₹2,150 free bet; the ball is in your court!
Min dep: ₹110 | Wagering: 5x
Kick off with a ₹8,000 matched bonus or a ₹2,150 free bet; the ball is in your court!
Min dep: ₹110 | Wagering: 5x
What is a Cashback Bonus?
Suppliers cannot really differentiate their product with sports betting. Bookmakers offer odds on the outcomes of sports events and the events are the same for each operator. As soon as one bookmaker launches an innovative service, all the others follow suit. Cash out betting is a relatively new development and now it’s rare for a bookmaker not to offer this service. The cashback bonus is now a common promotion with standard general Terms & Conditions.
The cashback bonus is an integral part of sports betting. The concept is based on allowing bettors to place risk free bets. There is the potential to win money without any cost. It’s like not paying for a lottery ticket but still having a chance to win. The refund can be the full or part of the stake. However, most cashback bonuses come in the form of free bets which are subject to wagering requirements and odds restrictions Terms & Conditions.
100% up to ₹8,000
Claim your 100% deposit bonus up to ₹8,000 when opening an account with Betwinner.
Minimum deposit ₹75 | Wagering: 5x bonus.
Claim your 100% deposit bonus up to ₹8,000 when opening an account with Betwinner.
Minimum deposit ₹75 | Wagering: 5x bonus.
Sports, Games and Markets
The cashback bonus can be offered for any sport, fixture or betting market. It’s about placing a bet with no risk so the thinking is the same regardless of the subject of the bet. In fact, bonus hunters are not concerned with the event and the bottom line free bet is paramount. There is a huge scope for cashback bonuses because you can bet on over 50 sports, numerous leagues and a vast array of markets. The value of the bonus is not linked to the sporting event.
However, bookmakers focus on the sports and leagues that attract the most betting interest. Football is the most popular sport for betting and the English Premier League is the most bet on competition. Most bets are taken on the three-way match result 1X2 (Home Win, Draw, Away Win). That means the cashback bonus is very common with these bets. Offering a cashback bonus on the outcome is a loss leader because customers will place bets in more speculative markets.
Cashback bonuses have an expiry date that depend on the sport or event. A cashback bonus on the final of the Champions League or Indian Premier League will have a short shelf life. The bonus usually is valid for pre-match markets so once the match begins the bonus expires. Alternatively, a bookmaker could offer a cashback bonus for a full Premier League season. Customers can take advantage from August to May and sometimes on a weekly basis.
Up to ₹10,000!
Join 10Cric today; your first deposit gets a 100% bonus up to ₹10,000!
Min dep: ₹1,000 | Wagering: 12x
Join 10Cric today; your first deposit gets a 100% bonus up to ₹10,000!
Min dep: ₹1,000 | Wagering: 12x
General Terms & Conditions
The cashback bonus is subject to the following Terms & Conditions in all its various forms:
- There is one cashback bonus for a specific game.
- The bonus is subject to an advertised expiry date.
- There is one cashback bonus in any part promotion period.
- Only single bets are eligible.
- The qualifying bet is subject to minimum odds.
- Most bonuses are available on pre-match markets.
- There are a few examples of live bonuses.
- Cashback bonuses are subject to minimum and maximum values.
- There are no deposit, deposit and bet cashback bonuses.
- Selected markets qualify for any bonus.
- Bets placed with bonus money do not qualify for a cashback bonus.
- The bonus is related to something happening or something not happening.
You should bear in mind that there are variances to specific cashback bonuses Terms & Conditions. These rules are clearly documented and transparent and achireveable within the time frames.
Up to ₹10,000!
Join 10Cric today; your first deposit gets a 100% bonus up to ₹10,000!
Min dep: ₹1,000 | Wagering: 12x
Join 10Cric today; your first deposit gets a 100% bonus up to ₹10,000!
Min dep: ₹1,000 | Wagering: 12x
Types of Cashback Bonuses
The cashback bonus is a generic term which describes a promotion for new and existing customers. Bookmakers try to put a unique slant on the bonus but fundamentally each example is the same idea. It’s about giving bettors something for nothing in the form of a risk free bet. However, here are some examples of the types of cashback bonuses:
Match deposit welcome bonus
Bookmakers offer welcome bonuses and one variation is the match deposit bonus. Customers deposit betting funds and receive a matched bonus. The bonus is related to the deposit and usually comes in the form of a free bet. After making the first deposit, new customers can get some or all of their cash back but not in real money but a free bet.
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Double your betting funds on Saturday before the top games! Betmaster offers you a 100% bonus up to ₹45,000 every week!
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Tired of endless wagering requirements? Here is a bonus for you: deposit at least ₹1,500, wager that 2x and claim 10% up to ₹43,000.
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Come hump day be sure to recharge your Betmaster account. You’ll get a 50% reload bonus up to ₹17,000 – no minimum deposit!
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Start your Betmaster journey with a 100% bonus up to ₹15,000. In other words: your first deposit from ₹1,000 to ₹15,000 is doubled!
Match bet welcome bonus
The match bet welcome offer is another type of new customer bonus. There has to be a qualifying bet which activates the bonus. In some cases winning bets are eligible so the bettor wins the bet and receives a cashback bonus. Other offers are only linked to losing bets. However, the bonus is usually not in betting funds but as a free bet.
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Play with ComeOn; if your cricket team lets you down, you get a 50% refund in the form of a free bet of up to ₹500.
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Try your luck at ComeOn and claim the 100% match bet money back bonus up to ₹2,500 if your first bet loses.
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Fan of Champions? Optibet gives you a €15 risk free bet when you wager €75 on the top European football competitions.
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New in Optibet? Wager over €30 on any sport and odd and get 2x €10 risk free bets. These are refunded if your bet is lost!
Acca Insurance
Acca insurance is in essence a cashback bonus. If one selection in a multiple bet with four or more selections loses, the customers receives a refund of the stake. A losing 200 INR accumulator generates a bonus of that amount but is only valid for one losing leg. The Acca Insurance refund is usually credited in the form of a free bet for another accumulator.
Horse finishes second to the SP favourite
The cashback bonus is a common promotion for major horse races around the world. If the backed horse finishes second to the Starting Price favourite, the stake is returned which equates to a cash back bonus. There are staking requirements and a maximum refund. Some refunds are in real money but most are returned as free bets.
Goalless draw
Some bookmakers offer cashback if a football match ends goalless. These offers are known as bore draw bonuses and compensate for a match without goals. The refund is usually 100% of the original bet and is credited soon after the end of the match. The bonus is usually a free bet which is subject to specific Terms & Conditions.
New on BettingPro:
Cashback Bookmakers
We promote a number of well-established brands that serve the Indian market and other relatively new sites. Each operator has a welcome bonus that requires a qualifying deposit or qualifying bet. The deposit or bet activates the bonus which is basically cash back. The best welcome bonuses offer cashback in the form of real money that can be used without restrictions. However, most of the cashback bonuses are paid in free bets that have specific rules for wagering and odds.
Offshore betting from India is not illegal so many offshore operators accepts bets from members in India. Operators are licensed and regulated so must adhere to strict rules about free bets and bonuses. Customers are given the incentive of cashback bonuses when they register and start using an active account. The following brands are amongst the best for Indian customers and provide some form of cashback bonus:
The offers are presented in various forms and expiry dates. Some are offered during a full football or cricket season while others are related to an individual specific match. The common factors are risk free bets that comply with advertised qualifying conditions. The Indian offshore betting market is well catered for with cashback bonuses. These can come in betting funds or free bets but there is no risk of losing money on a qualifying bet.
Conclusion
The cashback bonus is a free bet that carries no risk. Bettors like that concept because they can win money without investing the stake. Bookmakers are happy to offer the bonus because it is a good selling point. They apply strict rules and don’t have exposure for significant costs. Until there is an innovative alternative, cashback bonuses are here to stay.
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Cashback Bonus FAQ
The refund bonus or cashback bonus is a popular promotion with online betting companies. The market is highly competitive so operators are always looking for something of value to attract new customers and ensure existing customers continue to make deposits and place more bets.
Most sites have a welcome offer that is usually one of three types: no deposit bonus, match deposit bonus and match bet bonus. These offers may come in the form of free bets. All are subject to odds restrictions and wagering requirements and the bonus expires after a specified number of days.
The welcome bonus is complemented by a package of loyalty promotions and bonuses. Some sites feature a formal loyalty program while others offer sport and event specific ongoing promotions. Typical offers are the Acca Boost and Acca Insurance which can have restrictive rules.
The cashback bonus is in effect a free bet. When a customer places a losing bet, the bookmaker issues a refund bonus which comes in the form of a free bet or as real betting money. If it is paid as a free bet, the offer is subject to specific and general Terms & Conditions.
A cashback bonus can be one of the benefits of a VIP program. There are usually a number of levels and customers move up the pyramid on the basis of their betting turnover. The cashback bonus is more likely to be credited at one of the higher levels. The VIP refund comes in the form of a free bet or real cash which can be used to place bets without restrictions.
The cashback bonus is akin to a free bet. If the stake or part of the stake is lost, the bookmaker will issue a refund bonus which equates to the value of the losing bet. The cashback bonus is paid as a free bet, which is distinct from real money which can be used without restrictions.
There are a number of types of cashback bonus. Some are generic and available on any sport, league or market. There is no generally no short term expiry date and the free bets can be used on any sports market. However, the free bet could still be subject to wagering requirements at minimum odds. Any winnings from the free bet do not include the stake.
Other cashback promotions are sport and event specific and are usually available on a major fixture. Therefore, there could be a refund bonus on bets placed on the match result (Home Win, Draw, Away Win) in a English Premier League fixture or Indian Premier League match. The promotion expires when the pre-match markets close.
There is usually just one cashback bonus during the promotional period. When the refund bonus refers to a specific match, it can be paid as real money and not a free bet. Customers are limited to one refund bonus for any match. Multiple bets are not eligible for any money back bonus.
The money back bonus is usually credited to a customer’s account once the outcome of the original bet is known. If it comes in the form of a free bet, bettors can select to use the free bet on the Bet Slip. The potential returns from a winning free bet do not include the stake.
Cashback bonuses are subject to specific Terms and Conditions. There are variations in the rules but the basic concept amounts to a refund bonus which can be paid as a free bet or real money. There are terms associated with the use of free bet but generally no restrictions with the money back bonus. There is no expiry date for the use of the real money refund.
Some cashback bonuses are restricted to bets at minimum odds. However, it is the stake that is relevant because the odds on a losing bet do not affect the refund. Cashback bonuses are credited after a losing bet in pre-match and live betting markets. It is rare for a refund bonus on the same fixture across the pre-match and in-play platforms.
There can be minimum and maximum stakes. If the first bet is below the minimum stake, the bet can be topped up to qualify for the money back bonus. If the stake is above the maximum stake the cashback bonus will only count for the maximum bet. The rest of the bet will not qualify. Bookmakers apply strict rules when it comes to minimum and maximum stakes.
A welcome bonus can be paid in the form of a refund for a losing bet. There must be a minimum deposit and qualifying bet at specific minimum odds. The new customer cashback bonus can only be withdrawn if the bonus has been staked a number of times. The money back bonus may only be paid for bets in selected markets, such as the match winner.
Most of our brands that serve the Indian market feature some form of cashback bonus. The refund could be credited as part of a welcome offer or as a free bet and bonus for existing customers. There are variations in the Terms & Conditions for each type of refund bonus.
Online betting is not illegal in India because there are no specific rules that prohibit betting with offshore operators. Most offshore operators that accept registrations from India allow customers to make deposits using Indian rupees. These sites offer refund bonuses for new and existing customers. These are paid in free bets or real cash.
Residents of India must register with an offshore sportsbook that is licensed and regulated. These sites offer generic cashback bonuses and refunds for specific sporting events. Once a bettor has signed up and opened the account, they have access to cashback bonuses in line with specific and general Terms & Conditions.
