Can you guess which is the most favorite bonus of every new and existing online bettor? Yes! We are talking about the cashback bonus. It’s a kind of mutually beneficial promotional offer for both the betting site and the customer. The logic is to encourage the Indian players to place real money bets.
Here, we’ll discuss everything you need to know about the cashback bonus plus other popular bonuses in India. Learn how to claim cashback bonuses and which are the best live betting sports to use your cashback bonus on!
But first, you need to check our experts’ recommended list of best online bookmaker sites with a cash-back bonus offer.
Best Cashback Betting Sites In India For 2022
What is a Cashback bonus?
As the name suggests, a part of your deposit is credited in cash or a free bet. The cashback bonus is meant only for the customers who have deposited the minimum initial stake to the bookmaker site’s account.
It’s a kind of reward for the new, loyal, and VIP customers from y our selected betting site when you place real money bets. A cashback bonus can be in the form of:
- Free Bets
- Free Spins
- Scratch Card
- 100% First match deposit bonus.
- 40% cashback as reload bonus
- 30% of your original bet.
A common example is :
- You deposited Rs.500/-
- The cashback bonus is 30%
- So total amount in your betting account will be 500+150=650/-
- The percentage may vary depending on different online bookmakers.
- It comes with standard terms & conditions and a certain validity period.
- Always check the wagering requirements & fixed odds if any.
How do cashback bonuses works?
Have you ever wondered what if a player is always losing on a gambling set? he’ll never place bets again? That’s where the smart game begins!
Online gambling sites know how to handle their new and existing players with exciting and irresistible cashback offers. They will automatically recoup a part of your winnings or losses. There can be two possibilities:
- RAKE Cashback (When you are Winning): They will return you some percentage of your already paid rake.
- LOSS Cashback (When you are losing): They will refund a part of your losses as bet credit or another offer.
Different Types of Cashback Bonuses
This promotional offer can appear in different ways on different online bookmakers. Whatsoever, all that matters is at least you are getting back some part of your stake than nothing. Let’s discuss various types of cashback bonuses!
Money Back Offer:
This offer is mostly valid on single bets and is usually rewarded on weekly basis. It includes all the back bets, lay bets, and recovering the accumulated losses. A set percentage of your stake( 5 % to 30%) is credited to your betting wallet.
Risk Free Bet
It’s a free bet offered mostly by online bookmakers in case you lose the first bet. The refund amount may vary on different sportsbooks online. Risk-free bets come with pre-fixed odds and selected sports like cricket, Kabaddi, etc.
Bore Draw, Money Back Offer:
Available at sports betting sites like Betway, bet365, this cashback offer is rewarded when the final outcome is a draw. Bore draw is applicable in almost all sports.
No Goals, Money Back
You can also try your luck wagering on this bet. Money-back is guaranteed if neither of the teams has scored any goal throughout the whole match. Usually placed by high-rollers as budget is not an issue. The probability of winning is quite low but with high payouts, it’s all worth it!
Accumulator insurance is a kind of cashback offer that recovers your losses with an opportunity to place free bets. Insurance means when all of your parlay bet loses except one, the player is rewarded with cashable bonuses, bet credits, and money back.
Terms & Conditions of Cashback Bonus
Before you rush to activate the offer, it’s better to take some time to read the general terms & conditions of the cashback bonus offer. The T&Cs may vary on different sportsbooks. Take a look!
- To deposit into a betting site’s account is the first most essential condition.
- This bonus is valid for a fixed time period.
- Only a single cashback bonus offer can be availed for each game.
- It can be claimed only on single bets.
- Cashback offers are subject to fixed odds.
- Cashback bonuses are eligible for live betting, pre-match betting markets.
- The minimum & maximum refund value is already decided.
- You can use a cashback bonus only on selected sports.
- Free bets or bonus bets are not eligible for cashback offers.
- The bookmaker can anytime null and void the cashback bonus.
FAQs about Matched Bet Bonus
What are some best cashback bettings sites?
1. 10CRIC: Welcome Bonus 100% up to ₹20,000 Exclusive
2. Betway: Welcome Bonus 100% up to ₹10,000 Exclusive
3. Fun88: 400% welcome bonus+ Rs. 10,000 Reload Bonus
Can I get cashback offers on betting apps?
Yes, why not? The betting apps work the same way a betting site does. Even mobile users are offered better promotions and cashback offers than desktop users. For best betting offers, you can download:
3. Spin Sports
All our recommended apps are free to download and are compatible with your iOS and Android devices.
Can I use cashback bonuses in any sports?
Most of the time Cashback is intended for selected sports or a few casino games only. Make sure to use these bonuses before the validity period is expired.
What percentage of cashback bonus can I receive?
It can vary from 5% to 10%, 20%, or as decided by the online bookies and the bonus cap attached to your cashback bonus offer.
What is a bonus cap on cashback offers?
Cashback rewards often come up with a bonus cap. It’s the bonus cap that decides the size of your payout. Higher cashback bonuses with low bonus caps give you low payouts. Whereas higher cashback bonuses with a high bonus cap will help you earn more profit.
Can I activate the cashback bonus for multiple bets?
Unfortunately not! Well, you can opt for ACCA insurance, a kind of cashback bonus that will reward you with a free bet.
Can I get cashback offers using bonus money?
If you have the skills and know-how to fulfill the rollover requirements, you are almost there. That’s one of the best techniques used by many professional and regular punters for earning real money. Make sure you have enough balance in your betting account.
Who likes to lose? Thanks to the cashback bonuses and other such offers that keep encouraging the players to win and earn more. Let us inform you that whether it’s a cashback bonus or other promotional offers, they keep on changing on a weekly or monthly basis. It’s the online bookies’ independent decision that what percentage of your initial stake they wish to refund.
Stay tuned to keep informed and updated about the latest bonus offers on India’s top cricket betting sites.