Every online sports bettor loves the idea of a cashback bonus Arizona offer. Having the chance to place a bet and still get some of your money back even if you lose, refilling your war chest automatically, is an almost unfair advantage these days. Unfortunately, not every sportsbook offers this kind of bonus – but this is a bonus worth seeking those kinds of bookies out!
How does the Arizona cashback bonus work?
Cashback bonus Arizona offers used to be pretty rare in the online sports betting industry. Really popular in the United Kingdom and across Europe, really. For one reason or another US sportsbooks just aren’t offering this kind of bonus all the time.
Arizona sportsbooks, however, recognized a unique opportunity here and jumped headfirst into the deep end of the pool. Sports betting cashback offers are pretty common now because of their decision, rewarding players even if they aren’t able to win every wager that they place.
It’s also important to know that there are multiple kinds of cashback betting bonus offers available, too. In addition, different bookies and betting sites have put their own twist on these cashback rewards.
This is why it’s so important to research how your favorite sportsbooks are offering a cashback betting bonus. Before you even create your account in the first place. But more on that in just a bit! So for now, let’s dig a little deeper into how these cashback bonuses actually work.
Cashback betting sites in AZ
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|DraftKings Sportsbook Bet $5, get $150 in bonus bets||Bet now DraftKings promo code AZ|
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|Unibet Sportsbook $100 Second Chance Bet||Bet now Unibet promo code AZ|
Cashback bonuses in Arizona
Cashback betting bonuses are really simple to understand. No matter what kind of AZ sports betting bonus you are talking about, cashback options work with the same kind of mechanism. You place a wager (for any amount of your choosing) and if you win your bet you take home the payout.
If you end up on the losing side, though, a percentage of your wager is immediately refunded back into your sportsbook account lay! Ready to be bet again without delay! That’s a game-changer.
The percentage you get from sports betting cashback bonus usually isn’t super high. We’re not talking about 50% of your lost wager or anything close to that. Still, it’s a nice gesture from sportsbooks to sort of softening the blow when you inevitably lose a wager.
Different types of AZ cashback bonus offers
Now that we’ve gone over the basic mechanics of a cashback betting bonus. Let’s run through the different types of cashback bonuses Arizona offers sports bettors are likely to come across these days.
Welcome cashback bonus Arizona offers are sometimes disguised as “AZ free bet bonus” deals, a pretty standard bonus across the board and one that the overwhelming majority of top-quality books offer their players.
The way this cashback offer works is new account members are encouraged to place a bet with little to no repercussions, up to a certain limit.
Most of these offers are also tied to specific odds (usually -300 or higher, or something similar) and you’ll be limited to a $500 wager or so. Maybe even a little less.
The idea here is to encourage new players to get right into the thick of things. By eliminating risk they eliminate the biggest barrier that new players face when staring down their first-ever sports bet.
It’s a great way to win a lot of loyalty but it’s also a great way to get players used to the functionality of the site, breaking down bets, and actually taking the plunge.
VIP sports betting cashback bonuses are usually tied to certain reward tiers established by sportsbooks for their “high rollers”.
Each sportsbook has its own VIP setup with their own specific rules and triggers for becoming a VIP. That’s something you’ll have to research on your own depending on the book of your choice.
You will be glad to know, though, that the cashback bonus Arizona offers in the VIP tier is usually higher than the “standard” cashback bonuses other players will have access to. It’s a great way to reward players that are loyal to specific sportsbooks, that’s for sure.
Ongoing cashback offer
Some of the Arizona sportsbooks are particularly generous with their cashback offers, though.
These ongoing cashback bonuses basically act as an automatic rollover reward that triggers every time a wager is lost. Thus, a small percentage of the money bet gets directly deposited back into a players war chest, ready to be bet all over again. Making the cashbacks different from the regularly offered deposit bonuses.
Of all the different cashback bonus Arizona promos out there this one is definitely the rarest of the bunch. But it is catching on!
Rules and restrictions on AZ cashback betting
It’s also important to know that the majority of the sports betting cashback bonuses and promos have some sort of limit, have certain rules and restrictions in place, and aren’t available as “blanket rewards” most of the time.
For example, not every losing bet may qualify for cash back bonuses. In addition, you might have to bet on certain sports, bet on certain teams, or have your wagers meet certain betting thresholds before you are able to trigger this kind of promo.
Thankfully, though, the majority of sportsbooks clearly outline these rules and restrictions on their cashback bonus program. Not just in the fine print, either, but every time you place a wager that may be eligible for this kind of reward. So you definitely won’t be flying blind, that’s for sure!
Highlighting the benefits of cashback bonus Arizona offers
As one of the most popular promo offers in the world of Arizona sports betting there are obviously a lot of benefits to a cash back kind of bonus. Let’s run through some of the biggest ones right now.
Free money to bet with
The most obvious benefit of the bunch has to be your ability to play with “free money” that you otherwise wouldn’t have had in your sports betting account. Think about it this way.
Every time you place a wager you are risking every single penny (at least on traditional sportsbooks, anyway). If you lose, all of that money disappears. And it isn’t coming back until you refund your account or you hit a different winning wager.
With cash back bonuses in AZ, though, a small portion of that wager that was lost is going to find its way back in your sportsbook account immediately.
Best of all, you’ll be able to use that cash back money straightaway on another bet if you want to (usually without any restrictions or limitations whatsoever).
Easy way to try new betting offers
When you have the opportunity to use a cashback bonus to try a new betting offer that you might not have tried out otherwise you’re able to hedge your risk a little bit.
This is often just enough of a “push” that players need to get out of their comfort zone and maybe roll the dice on a pick or a wager that they wouldn’t have made otherwise.
At the end of the day, players know that even if they lose this potentially riskier bet they are still going to get some of their money back. And that definitely lightens the blow should they lose. But it also boosts their confidence if they come away a winner!
Reduce risk and improve potential payouts
Everybody who places a bet with their own hard-earned money does so fully expecting that they will come away a winner. Very few people randomly roll the dice and just sort of throw their wagers against the wall, hoping that something sticks.
With cashback bonuses in place, though, you get an added safety net that reduces risk and improves your potential payout at the same time. Basically making the bonus a risk-free bet.
You know you’ll have some money coming back to you if you lose your wager and that might give you the confidence to bet a little more on a wager you feel good about than you would have otherwise.
If you hit, you walk away with even more money in your pocket. And if you lose, you know that at least some of that extra wager is coming back to you to get back in the game again. So it’s not exactly win-win, but it’s pretty close.
Cashback Bonus Arizona FAQ
Not every bonus site in Arizona offers cashback bonuses right now. This is definitely becoming a more popular promo offer, though. So it wouldn’t be a shock to see most AZ sportsbooks offering some kind of cashback program in the near future.
There are usually very few restrictions on how you can use your cashback bonus money once it lands in your account. Use at the same way you would use money that you’ve deposited into your sportsbook.
No, you aren’t going to be able to withdraw any of the cashback bonus money you’ve deposited into your account most of the time. You’ll need to place a bet with that money instead.
This really varies on a sportsbook by sportsbook basis. Some are going to let you “stack” different promos together, combining them on a single wager. Others will limit you to one bonus per wager no matter what.
Lots of players like to use cashback bonuses to hedge their risk on bets they feel good about. If there’s a wager you’re on the edge about making see if a cashback bonus is in play. It might be the nudge you need to jump into the action.
Kim StevensExpert at Game Predictions
Freelance journalist with a huge interest in “The Big Three.” Applying my sports enthusiasm to keep fans in Arizona up to date. Get more updates on my Twitter: @stevensberlykim.