The Cashback Betting Sites with the Best Bonuses October 2020
Getting some money back no matter the outcome of your bet sounds like a good deal. Here, we have listed the top cashback betting sites, so you get the most bang for your buck. The promotion’s popularity amongst punters is unrivaled, and below you can find out where to begin.
|Betting Site||Cashback Betting Bonus||Min Odds/Validity||Rating||Link|
|FansBet||Up to £20 5% Cashback||1.75 (3/4), 30 days||Visit Site||Full T&Cs Apply! Make a 1st deposit of £20 or more and get 5% cashback on sportsbook turnover. All real money bets placed at odds above 3/4 (1.75) will trigger cashback. 5% of the stake will be refunded when the bets are settled. To convert earned Cashback to cash; go to ‘My Profile’, click on ‘Bonuses’ then ‘Convert’.|
|Bwin||Up to £10 100% Cashback||2.0 (1/1) , 30 days||Visit Site||Full T&Cs Apply! New customers only. 18+. Register and deposit £10 or more. Place a sports bet up to £10 at odds of 1/1 (2.0)+. If it loses you get a £10 free bet. Please gamble responsibly.|
|Paddy Power||Up to £20 100% Cashback||n/a , 30 days||Visit Site||Full T&Cs Apply! Risk Free 20: New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply. Paddy’s Rewards Club: Get a £10 free bet when you place 5x bets of £10+.|
|Guts||Up to £10 100% Cashback||1.80 (4/5) , 14 days||Visit Site||Full T&Cs Apply! New customers only. £10 min deposit. Bonus wager 35x in 30 days. Skrill/Neteller/Paysafe excluded. Game weighting applies.|
|Smarkets||Up to £10 50% Cashback||n/a , 90 days||Visit Site||Full T&Cs Apply! New customer offer. You must deposit £20 (or currency equivalent) in a single amount with your first deposit to be eligible. Debit card, bank transfer or Trustly only. Please gamble responsibly. 18+|
In the following sections we will delve further into what makes the best betting sites for cashback and demonstrate how this wonderful bonus really works. It’s actually really easy to understand, find out why below.
What is a Cashback Bonus?
The question for many of you may well be what is included in a sports betting cashback bonus? Well, we are here to tell you. It generally means that you receive some money back if your bet loses. Often times this is a welcome offer and a free bet token.
In very rare circumstances, there may be the opportunity to utilise such an offer as part of a weekly promo or similar offer. This doesn’t happen very often, however, although money back bets relating to top sporting events can be included here.
The Welcome Bonus with Cashback
Naturally, the most popular way to access the best cashback bonus betting sites is through their welcome offer. The most popular promotion is the first deposit bonus, similar to a casino deposit, the cashback option is often tied in with this. Overall, this type of welcome deal can be used by all kinds of players.
Other Promotions that use Cashback
A sports betting cashback bonus is not only offered as part of the welcome deal, it can also be used on many other things too. So called, ‘money back’ offers if a certain team loses or a certain player doesn’t score are sometimes available for specific events. These kind of promotions are weekly and are wholly at the bookies’ discretion.
The Criteria for Analysing Cashback Offers
When looking at the top betting cashback promotions there are a certain number of factors which should weigh on your mind when choosing the best ones. In the boxes below, we have selected the four most important facets of what make a good offer.
Obviously, the most important factor will be the amount you can actually receive, yet there are also others that should be taken into account. What are the conditions and things like validity should also weigh heavily in assessing such an offer.
The Maximum Cashback Available
The first thing that will draw your eye to any offer, is the amount you will be able to receive. This is no different when it comes to this type of sports betting bonus. The more the better. Even so, in the UK it is not necessarily a big amount, usually ranging from £10-£20. So, don’t get your hopes too high.
The Cashback Percentage is Important to Know
What must be realised is that many of these offers come with a clause, this being that only a certain percentage of your initial wager will be refunded. This can range from 5% – 100%, and it is imperative to check the T&Cs before you play. Naturally, the bonus will also be capped, so you can expect to get 100% cashnack, up to £20, for example.
The Validity of the Offer
As is often the time with any kind of promotion, these are often subject to a validity period. The longest one we found was 90 days. This means that in order to receive any offer you have to have fulfilled the requirements within this time span. Usually, this means placing a losing bet within a certain number of days.
The Minimum Odds Required
In order for you to be eligible for the offer, cashback betting sites often require you to place a bet at certain minimum odds after you deposit. Ranging from 3/4 (1.75) upwards. If you are incredibly lucky, then you will find some that have no requirements at all, which will on be of benefit to you in the grand scheme of things.
The Betting Types and Events Eligible for the Offer
You will be pleased to know that there are no special restrictions imposed by the best betting sites for cashback when it comes to this gambling bonus type. All the typical sports markets and bet types are included. This means you can be safe on the football for one week at least!
As with all other offers, restrictions do apply. Mostly this includes how you deposited money into your account, whilst certain bet types like system bets, or cashed out bets, or each way wagers, will not count towards it.
The Pros and Cons of this Bonus
As with all of the best cashback bonus betting sites there are some advantages and disadvantages to using them. One of the main being that for new players it offers a safety net when starting out. This is because you get money if you win, but you get your stake back if you lose!
The only downside is that the size of the bonuses is relatively small. Meaning if you are someone who plays with high stakes, this would be small drop in the ocean. When looking at the best betting sites there may be better options out there.
How to Claim a Cashback Bonus
All of the cashback betting sites have specific terms and conditions, just like any normal betting bonus. So make sure you adhere to them. We have created a general guide below, this is by no means definitive, but will certainly help you on your way to claiming it!
Of course, these steps are very general, even so, they are something to bear in mind every time you want to take advantage of them. The validity period and minimum odds will vary. So, make sure you always read the terms before signing up.
These steps have been created with a welcome offer in mind, nevertheless, you may also be able to take advantage of an ongoing proposal, whereby the steps may be different. In this case, you generally will have to place a bet on a specific event.
Now we are coming to the end of this page dedicated to cashback betting sites, we hope to have answered all of your questions, if not drop us a mail at email@example.com and we’ll get back to you.
What should I look out for when claiming a cashback offer
In the section above, we have listed a certain number of criteria that you should assess before you choose a certain bonus. These four points are important and are a good starting point for evaluation.
Can I use the cashback offer for system bets?
It is usually not possible to utilise a cash back with system bets, however most other betting types can be used in conjunction with the offer.
Is the cashback offered real money?
Generally speaking, when you get a cashback offer, any money you receive will be in the form of a free bet token. This means, you cannot withdraw it, instead you have to place a bet with it.
Is it easy to claim a cashback bonus?
Yes, it is simple enough. All you need to do is follow our step-by-step guide and you will be on the right path. Of course, there may be slight variances depending on the bookmaker.
Conclusion – A Great Little Bonus Type
In creating this page, we hoped to provide you with a detailed guide on how cashback offers work. We are now confident you can take advantage of them, and you can start with the best cashback bookmakers listed at the top of this page.
We have shown you what to look out for, from validity to percentages, and now it’s up to you to take them on. This bonus isn’t for everyone, but for the right player it presents a great opportunity. So, don’t hang around, give it a go for yourself.