Cashback is a gambling term that refers to the refund given back to the player after making a losing bet. The term can be heard in both land-based and online casinos, but online casino operators usually use cashback features aimed at loyal betting customers.
Promotions benefit all bettors as no one in the world goes unbeaten on a day. It gives you extra money to wager and a small boost to your bankroll, which has shrunk in size for the day.
Every time you place a bet and lose, a small portion goes into your “Cashback Account”. Depending on the casino’s policy, you can withdraw the cashback money to your casino account at the end of the week or at the end of the month and use it to continue playing. Please note that the amount of money you can get with the cashback function is different. Percentages vary from casino to casino and also on the game you are playing. For example, betting on blackjack will give you more profit than on video slots.
During the promotional period, cashback can be used for all games available on the website, but is usually intended for specific sports, championships/competitions or one or several games.
Cashback type
Below are the three most common types of cashback.
- Cashback scenario: Cashback that requires a specific scenario to occur in-game for the wager to be returned. Conditions may vary for each campaign.
- 100% cashback: If the bet is lost, the total bet will be refunded up to the value set in the promotion terms.
- Partial cashback: In this type, only part of the wager is refunded to the bettor. Rates are usually displayed in percentage format. For example, ‘get back 50% or 20% of your stake’.
How can I get cashback for sports betting?
Getting cashback for sports betting is not easy as most sites do not offer this kind of promotion to anyone. However, some sites offer it to their players with great success. This is because the player can generally be the winner. Giving him cash back on a losing day could make him an even bigger winner, and most sports betting sites don’t like this.
Once you find an online casino that offers sports betting cashback, simply find the day that offers it and make it your main betting day. It’s very easy. If you win, you’ll be happy, if you’re unlucky and lose, you’ll get back some of your losses.
Can I receive multiple cashbacks during the promotion period?
Generally, you cannot receive more than one cashback during a promotional period. However, this varies from promotion to promotion. Suppose a promotion states that it can be activated on multiple bets. In that case, the cashback can be used multiple times for that particular promotion. You must select a game from the available options and activate cashback for that game. If you win a bet, you will be paid in cash and the cashback used on that game cannot be used towards another bet.
Cashback terms and conditions
Different promotions and online casinos may have different entry requirements. The most common conditions for most sites are:
- least odd: This type of requirement sets minimum odds for betting. However, this can be viewed on the online casino promotions page. Please consider that the odds displayed on the site are not the same as the final odds of your bet. The final odds of your bet count, so you should always ensure that your bet slip odds are equal to or greater than the minimum odds for entering the promotion.
- pre-match or live: Cashback can be used for bets made only in pre-matches, live or both, so it is always essential to refer to the promotion terms.
- min and max: Promotions always have a minimum and maximum value to participate. If you wager less than the minimum participation amount, you will not be eligible for cashback. The maximum amount corresponds to the maximum redeemable bonus amount. You can bet more than the maximum promotional value. However, if the bet is lost, only the maximum amount specified for cashback will be returned.
- deposit: Some scenarios require you to make a deposit. The deposit amount is usually indicated in the promotion terms.
- Betting Market: In this case, cashback is only available on certain markets at a time. For example, any time goalscorer. In this case, you have to bet on the player you believe will score the goal, and if you lose your bet, you will receive cashback.
Where will the cashback money be deposited?
Once the promotion ends, all cashback money earned from losses will be credited to your betting account. In some cases, it may take a few days for the bookmaker to receive the money, but it should be credited to your account immediately. If you find your money missing, we recommend contacting the site to see if it’s hidden elsewhere or if you’ve made a mistake.
final thoughts
As an investor betting on crypto gambling sites, 100% cashback and other types of great opportunities should not be missed. Participate in cashback at trusted online casinos such as. BC.Game.
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