Cashback Offers

Cashback betting offers are the most common form of promotion on betting sites in India. These offers enable users to get back a certain percentage of their losses in cash, thus acting as a form of insurance for their bets.

This can assist the users in reducing their losses and, in turn, have a higher probability of winning more in the future. It has been established that cashback offers enhance the value of bets placed and, in turn, improve the betting experience of users.

You should read the terms and conditions when selecting and signing up for offers to get the most out. Continue reading this article to learn more about Cashback, how it works, etc.

Types of Cashback offers

Nonetheless, bonuses that are offered with the guarantee of free cashback at a sportsbook are quite different from each other. That is why numerous cashback promotions exist, and it takes quite a lot of time to discover how to maximize their potential in sports betting.

Well, here is our brief guide to help you understand cashback promos. We will reveal the details of all kinds of cashback bonuses and how they differ. Check out the most frequent types of cashback bonus sites offer to the Indian bettors:

Cashback after a losing bet

Most of the cashback promos you come across today return your stake when your bet loses. Sometimes, the betting sites will give back losing stakes in actual cash, while other times, they will give back free bet credits.

Therefore, to cash in on these promos, one has to wait for the bets to be cashed out. 

There are instances when one will have to wait for all the bets offered on the bet slip to conclude before requesting cash back upon placing a qualifying cashback sports bet. 

In the event you lose your settled bet, your stake is returned to your betting account. However, it is suggested to have a look at the cashback terms and conditions on your bookmaker site.

ACCA Insurance promos

The accumulator insurance promo is one of the best and most popular cashback bonuses available. Like the other cashback promos, it lets you get back your stake in the event of a lost bet.

But when you wish to launch the ACCA Insurance promo, you must include a specific number of selections in your combo bet. Even more importantly, to get your stake back, you can only lose one bet. If two chosen picks lose or several lose, there is no ACCA Insurance for you!

Cashback as Free bets

Incidentally, most online betting sites, when they offer a cashback promo, tend to give back your stakes in the form of free bets. This is advantageous to the cashback site since it ensures that the users continue playing with them.

However, free bet credits are also beneficial for users as some of the betting sites give bet credits to their users for free.

This type of promotion allows users to get their lost stakes back and can even go further to use these cashing back promos to carry out innovative betting techniques like matched betting or back and lay betting.

Risk-free bets

Free bet cash-back promotions are similar to regular free bet promotions but with a twist: risk-free bets. They are often used when betting platforms are entering the market at the basic level, and that often makes them very profitable.

Also note that, the lower the wagering requirements, the better the cashback offer. Sometimes, how much cashback is offered directly depends on the bonus wagering terms; therefore, you need to know what regulates it.

Daily / Weekly / Monthly Cashback bonuses

This is perhaps why sports betting sites prefer to return your money right after your Sports bets have been deemed losing bets.

However, some bookmakers have individual player programs in which users are paid a percentage of their lost stakes not after the finalization of a bet but by the end of a single day, week, or month. 

These promos resemble most casino cash-back bonuses, in which users are given back part of the money they lost, depending on the period in question. This is why, if you are betting your fair share, bookmakers will shortly get back to you depending on the cashback terms.

How to find a Cashback offer?

While there are many kinds of promos out there, some of them are well advertised, like the first deposit bonus, cashback promos are relatively rare.

To find the best cashback offers, one has to search a little to find the ideal option. However, with our easy-to-follow four-step guide to cashback promos, you can have an idea of how you can locate the best one and use it in a snap.

1. 1

   Find a Top-Quality Bookmaker

   To finalize the perfect cashback site, some things have to be checked. As a bettor, one has to determine whether a bookmaker has a valid license and a safe and secure site and whether it offers many bonuses, including cashback bonuses.

2. 2

   Register and Deposit

   Once you have finalized the betting site, you must register on that platform or betting app for convenient betting, if it offers the app format. Then deposit the funds in your chosen betting account accordingly.

3. 3

   Opt for Cashback offer

   Most of the cashback offers must be opted in from the Promotions page. This option will enable you to be eligible for this bonus on the selected betting site.

4. 4

   Optional step: Contact Customer Support

   If you need more information on the cash back offer or to clear any relevant queries, you can contact customer support of the selected betting site.

   They will inform you of the kind of bet you are required to place, to qualify for this and the ways through which you could get your money back once you make such a bet.

Best betting sites for Cashback bonuses

There is no better way to search for the best money-back promos than by checking the best betting sites with cashback offers. Making a list of only the highest-rated cashback sites will ensure that you obtain the best cashback promotions.

They offer numerous money-back promotions, including regular ACCA Insurance promos, monthly cashback offers, and free bet cashbacks. If you wish to get the most out of your losing bets, then the betting sites we have listed in the section below are ideal for you. 

Cashback bonuses Pros and Cons

Cashback bonuses have several undeniable advantages, which benefits the Indian bettors. Nevertheless, like any other bonuses, cashback has its strengths and weaknesses; which we have listed in the section below:

Cashback offer terms and conditions

Free bets look very attractive, and you can participate in various bonuses to regain some of the loss bet amount. As specialists in this industry we can suggest that before you can take a free bets bonus you have to consider some important aspects; here are they:

Wagering Requirements:

The wagering requirement is the amount in number of times that the cashback bonus amount has to be wager to be able to withdraw the earnings. That means, ensure you select a bonus that comes with less or no stake requirements. 

Bonus Validity:

Before staking your bonuses you must make sure that the bonus has enough validity so as to satisfy the wagering requirements conclusively. Do not accept the free bet bonuses that have very limited time frames, usually 48 hours or less.

Sports Limitations:

Free bets betting sites in India limit the kind of sports that you can use the free bets to place your bets on. Hence, check whether you can bet on your favorite sports. 

Conclusion

When users are in the Promotions section of a sports betting site, the cashback promos receive little attention. The cashback promos offer a platform to get your cash back even when your bets are off, which means a lot less risk and more money to gain. 

Thus, for this reason, numerous cricket betting sites in India offer these cashbacks for the bettors with decent returns on their losses. As we mentioned, these offers come in various forms, and you can select the one that interests you.

You can rest assured that our teams have vetted and reviewed every betting site we have listed above, and they are all great for your betting journey. Select a good cashback site today and convert your losses into prospects for winning.