I do know many people love betting on all manner of different sporting events, and with no end of online and mobile Sportsbooks eager to get you to sign up there can be some very generous bonuses just waiting to be mopped up.
The most common type of sportsbook related bonus offer you can claim is a free matched bet, however some betting sites are going to offer you a cash back type bonus which is a very similar type of promotional offer.
Cash back Sportsbooks bonuses tend to be available to new customers of betting sites, however they are also offered to loyal punters of such sites, and as such there is a chance you will not only be offered them as an incentive to sign up to a betting site but also once you are a member of such a site.
The way in which they work is easy to understand, for you simply need to place a bet up to a certain value, as dictated by the betting site, and if that bet loses then you will get your losses paid back out to you.
Keep in mind though you may not get all of your losses paid back to you, it will be dependent if the cash back bonus is a 100% one, but if so you can have a risk free bet at that betting site when you make use of one of them.
However, another important thing that you should check is whether the cash back is indeed going to be paid back to you as cash credits and not bonus credits.
If the latter is the case which it may just be, then you are going to be required to bet through those bonus credits a number of times before they and any winnings you achieve when doing so become cash credits.
So to ensure you do get a fair winning chance and do not run the risk losing back your cash back due to play/bet through requirements I would advise you to try and track down the cash back bonuses that are actually awarded as cash back, as they do offer the best value.
Also keep in mind of the value of the offer, for if you place for example a 200.00 bet in any currency and the bonus is capped at 100.00 cash back then you will only be awarded with 100.00 and not 200.00!
If you are betting using units of Bitcoin the same applies, so always pay attention to how the bonus will be paid out to you and what the caps are too.
One final thing worth noting is that there may also be a restriction in regards to the wagers you can place with such an offer, and you may find that you need to place a bet on a sports betting opportunity that has odds higher than say even money, so do read through the terms and conditions to save you falling foul of any of them and running the risk of not actually being awarded with your cash back!