A sportsbook rebate, also known as a cashback or Net Loss Bonus, is a promotion offered by some sports betting websites to their clients.
It is a way for the book to reward its clients for being loyal, even if they have not been successful in their wagers.
The rebate is usually a percentage of a client’s net losses over a given period of time (for example, a month or a week), and it is usually paid out in the form of free plays or cash bonuses that can be used to place more bets on the book.
The terms of the rebate, such as the net losses percentage to be returned and the min and max amount to be received, vary from book to book.
Sportsbook rebates can be a good way to get some extra value from your sports betting activities. Here are a few reasons why you might want to consider getting sportsbook rebates:
- They can help offset any losses you might incur while betting on sports. If you’re someone who enjoys betting on sports but doesn’t always win, sportsbook rebates can help you get some of your money back.
- They can increase your overall return on investment (ROI). Even if you’re a winning sports bettor, you can still get value from sportsbook rebates by increasing your overall ROI.
- They can make betting on sports more affordable. If you’re someone who likes to place small bets but doesn’t want to pay a lot in fees and commissions, sportsbook rebates can help you keep more of your winnings.
- They can be a way to try out new sportsbooks. If you’re considering switching to a new sportsbook, you might be able to get a rebate on your first few bets as an incentive to try them out.
Overall, sportsbook rebates can be a good way to get some extra value from your sports betting activities, whether you’re a casual bettor or a more serious sports handicapper.