If good fortune is going against you, betting can turn into an expensive pastime rather quickly. It’s at times like this when cashback and money-back betting specials work in your favour as a punter. Read more below to find out how cashback promotions work.
WHAT IS A CASHBACK PROMO AND HOW DOES IT WORK?
Today, many betting sites offer cashback and money-back specials and understandably these sorts of promotions are pretty popular with people who like to bet. They act as an insurance policy of sorts by awarding refunds or free bets to punters who wager specific bets - usually risky high-odds bets and accumulators.
An example of a cashback promo is a "no goals scored refund" when you bet on the outcome of a football match. If you have placed a bet on a specific result but the match ends in a 0-0 draw, if you are using the “no goals scored refund” then the betting site pays back your original stake. Obviously this sort of special offer is great news for disappointed fans. There are several other types of cashback specials that you can apply to different sports and situations. Some refunds are even given out just to reward those punters who play each week!
One thing that’s important to point out with cashback promotions is that the refund is almost never paid out in the form of real money, rather the refund is instead paid out in the form of credits that you can use when you place your next bet. It may also be the case that there’s a maximum for how much refund you can get back, or a rule that says you have to place a bet at a specified minimum odds. Therefore, in order not to misunderstand a specific promotion we advise that you always consult the terms and conditions before placing your bets.
WHICH SITES OFFER CASHBACK?
Almost all betting sites offer some kind of cashback promotion today, and many of these promotions allow you to get your money back (in some form) if your bet loses. We list our latest cashback specials at the top of this page!
If you visit the promotions page on your betting site of choice, you can see if they offer any cashback specials. Another obvious option to find out which betting sites offer cashback right now is to search the internet, as the betting sites are very keen to market their promotions so you should find one online quite quickly.