What are cashback bonuses?
Cashback bonuses are a type of bonus that gives players back a portion of their betting stakes, usually in the form of a percentage of their losing bets over a certain period (usually a week). Cashback bonuses serve as an insurance policy that allows players to recoup a portion of their losing funds. This form of bonus is very popular with online bookmakers.
How do cashback bonuses work?
- Calculating cashback: Cashback is calculated as a percentage of a player's net losses over a certain period of time. For example, if a bookmaker offers a 10% cashback bonus and a player loses ₦72,684 in a week, he will get ₦7,268 back.
- Cashback bonuses are valid for a specific period oftime, such as a week or a month, after which the losses are calculated and the bonus is credited.
- Minimum and maximum limits. There is a minimum amount a player must lose. At the same time, there is also a maximum amount of bonus that can be earned
- Application. The bettor does this either via live chat or email. It is always necessary to check the specific bonus conditions of the bookmaker in question.
Common conditions for cashback bonuses
- Wagering requirements: although cashback bonuses are often considered less restricted, some may require certain wagering requirements to be met before cashback can be withdrawn. These are usually bonus wagering requirements or minimum betting amounts.
- Qualifying wagers: Some cashback bonuses may require bets to be placed on certain types of games or sporting events with certain odds limits.
- Cashback promo codes.
TOP 3 bookmakers with cashback bonus
Cashback bonuses are offered by a number of bookmakers, the best ones are listed in the table below.
|
Bookmaker |
Bonus percentage |
Max bonus amount |
|
Rabona |
10 % |
₦908,553 |
|
Boomerang-Bet |
10 % |
₦908,553 |
|
Mr. Pacho |
10 % |
₦908,553 |
