Cashback Betting

Betpack is the place to be if you are looking for the biggest cashback promotions as a South African punter. On this page, we have recommended the top betting sites with different types of cashback offers. You can claim cashback bonuses for new customers and more incentives for existing customers. Many sportsbooks listed here will have your free bet credited as soon as you place your first bet. If you claim a cashback welcome offer, free bet credits are awarded when you lose your first settled bet.

This guide covers the different types of cashback offers you can get at online bookmakers that accept South African players. We will talk about risk-free bets, Acca insurance, and percentage cashback promos. Moreover, you will learn how to claim a cashback bonus at any of our top-rated sports betting sites. Keep reading to find out how betting cashback offers work.

Best South African Bookmakers that Offer Cashback

Before you can claim a cashback bonus, it’s important to look for a reliable online gambling platform. The best betting sites in South Africa stand out from the rest in numerous ways. First of all, the operators are licensed and supervised by industry-leading authorities. Secondly, the safest cashback sites utilise high-tech security measures such as HTTPS and TLS to offer maximum protection. And they offer a wide range of safe and secure payment methods, like e-wallets, debit cards, and crypto.

When it comes to bonuses, the leading online bookmakers have plenty of them. From cashback deals to free bet offers and loyalty rewards, there’s something for new customers and registered members. On top of that, reputable sportsbooks offer a variety of cashback deals with reasonable bonus terms and conditions (T&Cs). What’s more, you can get in touch with their customer support team 24/7 via live chat, email, or phone calls if you need help. Our experts consider these and other crucial factors before recommending any cashback website to punters.

Cashback Explained

A cashback bonus is one of the most popular money-back promotions you can find in the sports betting industry. Even online casinos use them to help players recover a lost bet. Simply put, cashback bonuses allow you to get all or a portion of your losses back. You may have your stake refunded as cash or free bet credits if you lose. When claiming a risk-free betting cashback for new customers, for instance, you will receive a refund if your first bet loses.

The best online betting sites in South Africa offer cashback bonuses on single and accumulator bets. And cashback promotions for existing customers are usually awarded as a percentage of your losses or in the form of Acca insurance. Percentage cashback offers can range from 10% to 30% of the amount lost within a specified duration. If you are claiming cashback offers awarded as free bets, you’ll need to place a qualifying bet most of the time. Your deposit balance will be available for withdrawals, but you cannot withdraw your bet credits. Other terms and conditions apply, so you must read and understand them before using any bonus.

What Are the General T&Cs on Cashback Betting Offers?

Every cashback promo you will find online has its own terms and conditions. For cashback offers with free bets, you must consider the minimum odds and place a qualifying bet. These bonuses are generally paid as bet credits, and returns exclude bet credits. Also, you may have all exchange bets excluded from the offer.

You must keep in mind that payment method exclusions apply to certain bonuses. If payment restrictions apply to Apple Pay, then you cannot use deposits made using this payment method to claim cashback bonuses. And free bets valid for a specified time cannot be used once they expire. With that in mind, we have explained the most common cashback bonus T&Cs below.

Wagering Requirements

Most online betting sites offer bonuses that you cannot withdraw unless you use them to bet. This is possible because of rules known as wagering requirements. Let’s consider a $20 betting bonus with a 5x wagering requirement. The only way you can benefit from this bonus is to bet $100 in total. You won’t be able to withdraw your winnings if you fail to comply.

Minimum and Maximum Bonus Amount

Money-back promotions usually have bonus limits specified by sportsbook operators. There’s a minimum amount and a maximum refund for every cashback bonus. The best bookies offer bonus amounts that accommodate all kinds of punters.

Eligible Sports and Bets

Most online bookmakers have their free bets credited upon qualifying bet settlement. You may also be required to use your bonus on selected betting markets, with certain bet types excluded. In some cases, you must place minimum bets to qualify for a cashback offer. And only deposits made using certain banking options may be used to place qualifying bets.

Types of Cashback Offers

The best South African bookmakers offer cashback bonuses with all types of punters in mind. Just like other sports betting offers, there are cashback promotions for new players and others for existing players. Your first encounter with a cashback bonus could be when you sign up. Here, you’ll receive a risk-free bet to insure your very first bet on sports.

Many sportsbooks award cashback offers to punters who have already registered and used the welcome bonus. In this case, you will have a percentage of your losses refunded or get acca insurance. Fret not if you don’t know how these bonuses work. We have explained the three most popular cashback promos below to help you understand.

Risk-Free Bets

A risk-free bet is an increasingly popular cashback promotion you can use at the best betting sites in SA today. It gives you a chance to secure your first bet as a new customer. When you claim it, the sportsbook will grant you a refund if you lose your first bet. The bonus is normally paid as bet credits, so you can only use it to place another bet. For example, you may get £500 (R10,200) in bet credits if you lose your initial wager.

ACCA Insurance

Many cashback sites are now offering Acca insurance to their esteemed customers. As the name suggests, this offer is awarded on accumulator bets. The most common example is when you receive a refund of your stake after one of your selections loses. When this happens, the sportsbook may reward you with a free bet so you can place another wager. For instance, you may find a betting site offering Acca insurance on 5+ leg accumulator bets on any sport.

Daily/Weekly/Monthly Cashback

Most bookmakers offer cashback bonuses as a percentage of your losses. The offer is generally for a small amount, ranging from 10% to 30% of the amount lost within a certain period of time. If you lose £150 (R3,070) and there is a 10% cashback, you will get £15 (R307) back. It’s so easy!

Other Types of Bonuses You Can Find at South African Bookmakers

The best betting sites offer a broad range of other bonuses along with cashback offers. They have a promotions page displaying the available offers and their T&Cs. You can even check the bonuses before signing up to find out if they suit your betting needs. As we review sportsbooks in South Africa, we expect to see bonuses for new customers and existing members.

Experienced sports bettors always compare the options to choose the most appropriate promotions. This is helpful if you want to pick a bonus that you can use on the sports you like. With that said, the following are the most popular sports betting bonuses for SA punters.

First Deposit Bonus

All high-quality gambling sites in South Africa have generous welcome packages for new customers. From online bookmakers to bingo sites and platforms offering casino games, most gaming websites offer bonuses on your first deposit. The main requirement is to consider the minimum deposit amount stated in the bonus T&Cs.

A decent cashback site will welcome you with a 100% first deposit bonus up to a specified maximum. The offer may also include some free bets to be used on different betting markets. This is your best bet if you wish to boost yourng bankroll. 

Reload Bonus

You will never run out of deposit bonuses as an existing customer at the greatest bookies. The top sportsbooks will keep you engaged by giving you more promotions than you even need. Most of their offers for registered players can be claimed with a small deposit.

A reload bonus will make your visit worthwhile if the amount is good enough. Thankfully, most bookmakers in South Africa offer profitable reload bonuses as soon as you use your welcome offer. All you have to do is deposit the required amount to grab more deposit bonuses. 

Free Bets

The vast majority of betting sites in South Africa are packed with free bets. You may get your first free bet when you create a new account. The offer could be a risk-free bet, meaning that you’ll get a refund if you lose your stake. 

You may also receive a traditional free bet awarded when you stake a certain amount of money. For example, a betting site may give you £30 (R615)  in free bets if you stake £10 (R205). You only need to place a qualifying bet to claim the bonus. Also, you can use your free bets for matched betting to boost your chances of winning.

Free Bets No Deposit Bonus

The top cashback sites may surprise you with a no deposit bonus for new customers. Some of them do not mind giving you a free bets no deposit bonus for sports betting. The main benefit of claiming such an offer is that you are not required to deposit money. 

Since you are not depositing, you can use your free bets with no deposit bonus to try new betting websites. This includes moving from one site to another to test the available offerings without risking your own money. You can decide which one is best for you after practising risk-free.

VIP Loyalty Programs

All betting sites want to create a lasting customer base. For this reason, many of them have VIP and loyalty programs for their most active sports bettors. You must come back and place real money bets regularly to benefit from rewards for the most loyal customers.

VIP schemes allow you to move from one level to another and earn bigger rewards as you progress. These include more cashback deals, reload offers, and exclusive bonuses with friendlier terms and conditions. If there’s a loyalty program, you’ll get rewards based on the number of points you collect over time.

Conclusion

We have explained everything you need to know about betting cashback promotions for sports bettors in this guide. Moreover, we have presented the best betting sites that allow you to enjoy risk-free bets, Acca insurance and other thrilling bonus deals. With such bonuses, you don’t have to worry about losing because you can get a percentage of your losses back. This means that you can keep betting without having to make another deposit.

Besides offering a cashback promo, the top online bookmarks featured here have other popular promotion categories. You should take full advantage of their bonuses to place bets on football, horse racing, and other sports with bet credits. The winnings will all be yours to keep as long as you complete the wagering requirements and comply with other terms. You could win a decent amount if you employ a good betting strategy on top of your cashback bonus. Good luck!