Cashback Betting Offers

Cashback promos allow you to recover your stakes when your bets lose. In other words, they help you maintain a constant betting cash flow and keep a positive wagering balance. And luckily for you, at Betpack, we have some of the best cashback bookmakers in the industry. Read on to learn how to get your stakes back even when you lose and where to find the best cashback sites. Let's start!

Betting Sites that Offer Cashback

There's no better place to start looking for the best money-back promos than the top betting sites that offer cashback. Top-quality cashback sites have the best cashback promotions. They boast a wide range of money-back promotions ranging from regular ACCA Insurance promos to monthly cashback bonuses and free bet cashbacks. 

And if you want to make the most of your losing bets, the best betting sites we feature on our site are a great place to start. They have some super-lucrative open betting offers in their popular promotion categories, and cashback promos are right up there with the best among them.

Types of Cashback Offers

Cashback bonuses are not all the same. There are different types of cashback offers out there, and it takes years of sports betting experience to learn how to make the most of them. Fortunately for you, we are here to give you a crash course in cashback promos. We will tell you about all the types of cashback bonuses and how they are different. Here are the most common types of promos cashback sites offer to their players.

Cashback After a Losing Bet

Most of the cashback promos you see these days give you your money back after your bet loses. Sometimes these gambling sites will return losing stakes as real money, while other times, they will refund them free bet credits. In other words, you either get your stake back as money, or you get a free bet credited to your wagering account. 

To receive cashback from these promos, you must wait for your bets to be settled. For instance, if you place a qualifying cashback sports bet, you will have to wait until all selections in your bet slip finish before you can ask for a cashback. If your settled bet loses, you get your stake back. How cool is that?

As we already mentioned, there are different types of losing bet cashback promos. Let's look at the ones you are most likely to see when playing at a cashback website.

Horse Racing Cashback Promos

The best bookmaker in the UKoffers a wide range of horse racing cashback bonuses. For instance, they will often say that you can get your stake back if your horse finishes second. However, to qualify for these cashback promos, you have to make a qualifying bet first. That means meeting some bonus conditions such as wagering requirements or qualifying deposit stipulations.  

Let's look at an example to show you how this works:

• Place your bet at Evens or greater and get your stake back as free bets if your horse finishes second (Min odds Evens (1/1, 2.00), 4+ Runners in a race, Stake refunded as free bets, Free bets credited upon qualifying bet settlement, Free bets valid for 7 days, UK customers only, Payment restrictions apply -Only deposits made using a UK debit card will qualify).

As you can see, the betting site that offers this promo has included quite many conditions in it. First of all, you have to place a bet at predetermined minimum odds (Evens). The race also has to have a minimum of four runners in it for your wager to qualify. Finally, you will get your stake back in the form of a free bet, but only after the settlement of the qualifying bet and only if you use the accepted payment method.

Despite all of these conditions, a cashback customer promo such as this one is quite enticing. It allows you to place riskier wagers, and then if your bet loses, it lets you earn cashback credits. You can use those free bet funds to try your luck again and win some real cash in the process. In other words, you bet more and spend less with cashback betting offers.

ACCA Insurance Promos

The accumulator insurance promo is one of the most popular cashback bonuses out there. As with the other cashback promos, it allows you to get your stake back if your bet loses. However, when you trigger an ACCA Insurance promo, you must include a predetermined number of selections in your combo bet. Let's look at an example to illustrate this:

• ACCA Insurance sportsbook bonus: Bet £10 on 5+ ACCAs and Get Your Stake Back if One Selection Lets You Down (Min odds 1.80, Min deposit £10 in one bet transaction, Exchange bets excluded, Certain deposit and bet types excluded, 18+, Gamble responsibly.)

To get your money back from this promo, you have to include a minimum of five selections at min odds of 1.80. More importantly, though, you only get your stake back if one leg lets you down. If two or more picks lose, you won't get your ACCA Insurance.

Cashback as Free Bets

Most of the time, betting sites that have cashback promos return your stake in the form of free bets. This is great for the cashback site, as it keeps punters playing with them and not running with their money. However, getting free bet credits is also good for players. With free bets, punters get their losing stakes back and can also use these cashback promos for more advanced wagering practices such as matched betting or back and lay wagering.

Risk-Free Bet Promos

Risk-free bets are variations from your typical free bet cashback promos. They are usually created with new customers in mind, and that means they are quite lucrative too. Let's look at a risk-free bet promo to show you how it works. 

• Risk-Free Bet Welcome Bonus: Deposit and place your first bet and get up to £500 as risk-free bet credits if first settled bet loses (New customers only, Min required deposit £10, Min odds 1.50, 4x Wagering requirement, Bet and payment method exclusions apply, Returns exclude Bet Credits stake, Free bets credited within 24 of bet settlement, T&Cs apply).

As you can see, new customers who deposit and bet a minimum of £10 can get their stakes back if their bets lose. However, as with the other promos, punters should meet some conditions before they can trigger the new customer offer. 

The most important stipulation here is the 4x wagering requirement. Wagering requirements tell you how many times you have to play through bonus funds before you can withdraw your winnings as real money. In this case, even though you get your stake back, you still have to play it four times over before you can withdraw the winnings you got from it. 

As you can imagine, the lower these wagering requirements are, the better the cashback promo is. Often, how much cashback you get depends on the bonus wagering conditions. These are usually written in small print, though, so make sure you read the bonus terms carefully.

Daily/Weekly/Monthly Online Gambling Cashback

Sports betting sites prefer giving you your money back immediately after your losing bets have been settled. However, some bookmakers have special player programs in which punters get a percentage of their losses not after the settlement of a wager but at the end of a given day, week, or month.

These promos are similar to casino cashback schemes where players get some of the money they lost at the end of a predetermined period. For instance, casino or bingo sites will often give their players 1% to 5% of their monthly losses back at the end of each month.

You won't see many of these casino-style cashback promos at sportsbooks. However, the best sports betting sites have special monthly cashback programs for their high-spending customers. So, if you place your fair share of bets, bookmakers might soon get in touch to offer you this unique promo.

Conclusion

When players go to the Promotions hub of a sports betting provider, they rarely focus on the cashback promos. They are not as enticing as the welcome offers for new customers, so players usually ignore them.

However, this is a big mistake. Top-quality cashback promos let you recoup your money even when your bets lose. That means less risk and more funds to play with. Therefore, in our books, a top-tier cashback site is much better than a welcome-offer-only sportsbook.

And you can find some of the best cashback sites right here at Betpack. Our experts have checked and tested each betting site on our list, meaning they are all excellent options for your betting adventure. Choose a quality cashback site now, and turn your losing bets into winning possibilities. Let's win together!