Matched Betting Cashback

Matched betting can be a great way to make money but did youknow that you can increase your profits even more by receiving cashback when signing up to online bookmakers, casinos and bingo sites?

Cashback is available through a number of different cashback sites such as:

• Top Cashback
• Quidco
• OhMyDosh

Bookmakers and casinos want to attract new customers and so they're willing to pay cashback sites such as the above if they're able to refer them. The cashback sites then pass on the majority of this commission to you when you sign up.

Not all betting sites are available through cashback sites but there are many that are and we've listed a handful of the offers below to show you how much profit can be made.

In total, there is over £600 worth of cashback to be claimed from the offers on this page! What is even better about earning through cashback sites is that you can still claim the new customer offers on top of receiving the cashback! In many cases you will double the value of the offer! 

How does it work?

Step 1: First, you need to sign up to one or more of the cashback sites. You can use the links above to set up an account. It's 100% free and only takes a minute.

Step 2: Next, navigate to the 'gambling/betting' section of the cashback site. Here you'll find all of the cashback offers which are available. Alternatively, you can click on the links below to be taken directly to the cashback page for the offer.

Step 3: Click through from the offer page on the cashback website to the betting site. Make sure you use the 'Get cashback' button as this tracks your activity so that the cashback site knows when you have signed up.

Step 4: Deposit and bet the required amount as shown on the cashback site. Each betting site will have different requirements as to what you must do in order to receive the cashback.

Step 5: Wait for your cashback to arrive! Once you have deposited & bet the required amount, cashback will be added to your account on the cashback site. This is real cash which can be withdrawn. The time it takes to receive cashback varies between sites but it shouldn't take longer than a couple of weeks in most cases. If you don't receive your cashback you can raise a ticket with the cashback site who will investigate.

The qualifying criteria for bookmaker cashback varies but you generally have to deposit and bet a certain amount just as you would to claim a free bet. Remember that you should still be able to claim any new customer offer on top of the cashback amount but always read the terms on the cashback page to confirm.  

There are a lot of cashback offers for online casinos which can be extremely profitable and are worth while doing. In some cases, the cashback amount is actually equal to or even greater than the required deposit amount to claim it which essentially makes them risk-free. However, there is always the risk of the casino not crediting the cashback so be aware of that. In the vast majority of cases you will receive the cashback without any problems.

In order to claim cashback for these casino offers, you usually have to deposit and wager a certain amount. The wagering amount is the total amount you must bet in order to qualify for the cashback. For example, if the requirement was to 'Deposit & Wager £10', it means that you must deposit £10 and place £10 worth of bets. This can be 1 x £10 bet, 2 x £5 bets or 10 x £1 bets etc. The best way to minimise risk with these offers is to keep your stakes as low as possible. Either place minimum bets on blackjack or use low spin stakes with maximum lines on an online slot with a high RTP (Return to Player).

To calculate the EV of a cashback offer, you need to know the RTP of the game you are wagering on. Online slots tend to have an RTP of around 94% - 97%. If for example, you wagered on a lot with an RTP of 95%, this would mean that on average, you would receive back 95p for every £1 wagered. If the wagering requirements were £10, then you would expect to have a balance of 10 x £0.95 (£9.50) after wagering. This means that on average, it will cost you 50p to complete the wagering and so the EV of the offer would be the cashback amount minus the cost to complete wagering.

You will be able to claim new customer offers as well as the cashback but the majority of casino signup offers have very high wagering and so it is possible to lose money. Only accept the signup bonuses if you are experienced in playing them.

Below is a list of cashback offers for Bingo sites. These tend to be of a lesser amount but can still be worth claiming.

Bingo offers usually require you to deposit and wager a certain amount on bingo games but some will allow you to meet the wagering requirements on side games such as slots. Side games are usually better value as they have a higher RTP than bingo and probably the better option when available.

If you are required to play bingo games in order to receive the cashback then simply buy bingo tickets to the value of the required amount. You may have to do this over several bingo games depending on the value of each bingo card and the wagering requirement.

There aren't a huge number of betting exchanges but they're essential for matched betting and worth claiming cashback on where possible. With these offers, you can either bet the requirement amount with the aim of claiming the cashback or simply sign up through the cashback site and carry on with your matched betting activities as normal as you will likely meet the requirements whilst laying your bets.

There may also be cashback deals for sports betting-related services which may not be bookmakers, bingo sites or casinos but can still provide value. For example, Football Index is a service where you can buy and sell shares in football players and if their share prices go up due to their popularity and other factors, you can make a profit. Football index is offering £21 cashback to new customers who sign up via TopCashback and deposit £10 or more. This essentially gives you £10 risk-free to try Football Index out and potentially make money on football player shares. It's unlikely that you'll lose the full £10 as all your shares would have to be worth £0 but even if that were to happen, you would still make £11 profit from the cashback.