Cashback

ABOUT CASHBACK OFFERS

These types of offers will reward you with cash or a bonus depending your winnings or losses. For example, the offer might be giving you 20% cashback on losses (if you lose £50 you'll get £10 cash back). You might think - "If I'm losing anyway, why do I care if I'm getting a bit back and still at a loss?". Well it's simply because you're down a lot less than you would have been, and a lot of the time you'll finish in a nice profit and not have to take the cashback.

This refund which minimises losses when you're down, and still being up the same when you're up (or sometimes more if the offer is a reward on winnings), is what gives us the edge over the casino!

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Stake Recommendation

Cashback offers will vary in value based on the stake size. You will generally want to play with higher stakes to maximise the value. Higher stakes will also mean a higher bust rate though so you'll want to find a good balance of value and not busting out too often.

A good starting point is £1-£2 spins on a slot or £5-£10 when playing on Roulette/Blackjack. Some offers may have a maximum stake so make sure you don't play higher than that amount!

You can load up the Simulator and run it with different stake amounts to see what suits you from a value/bust rate perspective.

Cashback offers will always involve a target profit. After all, you need to decide when to stop at some point.

Cashback on Losses

This is when we receive a cash reward based on how much we lose. A target profit of the deposit amount is often a sensible strategy and a good place to start when simulating your value. If we reach the target profit amount then we stop. If we make a loss then we'll receive a refund due to the promotion.

Example: 50% Refund as cash up to £25. Target profit has been set to £50.

Actual Past Offer Example: Sky Bet 50% Refund (Slots)

Cashback on Winnings

This is when we receive a reward based on how much profit we make, rather than how much we lose. A target profit of the reward amount is often a sensible strategy and a good place to start when simulating your value. If we reach the target profit amount then we stop and will receive an additional cash reward due to the promotion.

Example: Double winnings as cash up to £25. Target profit has been set to £25.

Actual Past Offer Example: Bet365 Double Winnings (Slots)

Cashback on Winnings & Losses

This is when we receive a reward regardless of whether we win or lose. A target profit of half the deposit amount is often a sensible strategy and a good place to start when simulating your value. If we reach the target profit amount then we stop and will receive an additional cash reward due to the promotion. If we make a loss then we'll receive a refund due to the promotion.

Example: 20% Refund on losses or 20% extra winnings as cash.

Actual Past Offer Example: STSBet 10% Refund (Live Casino)

Cashback as a Bonus

If your cashback/extra winnings amount for the above three cashback examples is a bonus, rather than cash, then we need to first work out the cash value of that bonus. We can then put that value into the Cashback box of the Simulator.

Example: 50% Refund as a bonus up to £25. The bonus has 5x wagering. Target profit has been set to £50.

  1. Firstly calculate the value of the £25 bonus with 5x wagering. This is done on the Simulator in Standard mode with the deposit amount set to £0. We have a bonus value of £21.06.
  2. You can then enter £21.06 as your Cashback amount in the Simulator when in Cashback mode.

Actual Past Offer Example: Merkur Slots 100% Refund (Slots)