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Cashpoint sportsbook
Headquartered in Montreal, Canada, and with offices in Vancouver, the UK and Australia, Income Access is a technology and digital marketing agency servicing the global gaming market, including traditional iGaming, social gaming, land-based casinos and online trading (Forex, Binary Options). Through award-winning software and a partnership-centric approach, Income Access delivers comprehensive data and strategic insight on performance marketing campaigns across all acquisition channels.
As part of continual software and service innovation, Income Access supplies proprietary Ad Serving technology, mobile tracking and a digital marketing service portfolio including SEO, paid search, social media, web design and content marketing. Income Access is a leading provider of affiliate marketing services, leveraging its affiliate network comprising over 25,000 affiliates across all gaming verticals.
Income Access partners include: Betfred, Gala Interactive, Coral, Sportingbet, Sky Betting & Gaming, PMU, Jackpotjoy, Stan James, Bet Victor, Twin Spires, PKR and Pinnacle. Recent expansion into the US market has seen the addition of New Jersey’s Betfair Casino and The Borgata Hotel Casino and Spa.
Taking into account that Cashpoint has existed on the gambling market for many years now and has a range of pretty positive feedback from its loyal customers, we can certainly claim they are not a scam.
Website and Design
Even though there is nothing extra in terms of design, it is not too intuitive: you have to navigate sportsbook services in an embedded window that takes only a part of the whole page. Such a solution takes time to get used to, but after a time, it becomes clear how to find required links and make bets. As the site works quickly and there are no lags and crashes, we can gloss over a strange layout of the sports betting services.
What is more critical, Cashpoint is a long-established company founded in 1996 with headquarters in Malta.
This allows them to provide the customers with lucrative betting odds for in-play and live betting markets, determine fair betting limits, and offer bonus options for the new and existing customers. This sportsbook covers all major sports and also has betting markets for a range of specific disciplines, but they do not focus on them much.
Sports betting line example
To be precise, we will give the complete list of disciplines you can bet on with Cashpoint:
- Ice Hockey;
- Handball;
- Volleyball:
- Futsal;
- Table Tennis
- Rugby;
- Waterpolo.
As you see, the list is quite limited; generous choice of markets is not one of Cashpoint pros, but there is a chance to see better betting odds.
But the bookie offers good markets for football
Overall, the site leaves an impression of a good and trusted platform with interesting offers for betting activity. However, there are no casino games at all: they used to feature them before, but no options for roulettes, blackjack, poker, or anything of this kind are currently available.
Let’s have a more detailed look at the sports betting services and other crucial points.
Cashpoint claims to give the best odds for most events, and generally, they keep their promise.
All bookmakers always offer worse odds than they really are, and Cashpoint does not lower them significantly.
Besides, they provide you with the odds list: you can choose between the daily offer, the weekly offer, the top leagues, and the overall offer and download the complete list in PDF format.
Depending on an event, the margins can vary from very low, less than 5%, to a pretty high of about 9%, so be careful to find valuable odds before placing any bets. Using the betting promotions, you have high chances to make lucrative bets with Cashpoint, as their odds often turn out to be very profitable.
Betting odds:
| Average commission | Commission in the prematch | Live commission |
|---|---|---|
| 6.5% | 6-8% | 7-9% |
Together the 15 licensees represent 75 per cent of Germany’s sports betting market.
Germany awards first sports betting licences
In a historic move, the Darmstadt Regional Council has awarded sports betting licences covering 75 per of the German sports betting market.
Germany.- The Regional Council of Darmstadt has awarded its first sports betting licences under Germany’s new transitional gaming agreement announced last month.
It follows years of false starts and legal challenges, with the Darmstadt’s initial launch of licensing for sports betting on January 2 having been interrupted by a legal challenge by Austria’s Vierklee.
The council has now issued 15 licences with immediate effect. The first licence went to Gauselmann Group’s Cashpoint brand.
The other approved licensees are bet365, Novomatic’s Admiral Sportwetten, Tipico, IBC Sportsbetting, Greenvest Betting, Tipin, Jaxx, Tipwin, BetVictor, Playtech’s HPYBET and GVC Holdings’ SportingBet, Ladbrokes, bwin and Gamebookers.
Together the 15 licensees represent 75 per cent of Germany’s sports betting market.
Peter Beuth, minister of the interior for the state of Hesse, said the landmark was a major breakthrough after years of uncertainty.
“This ends a long stalemate in Germany’s regulation of gambling. Going forward, the following applies: Those who adhere to the important rules for the protection of players and minors can also offer legal sports betting.
“Only with a strictly controlled offer can the goals of the Interstate Treaty on Gaming be implemented and the illegal growth of the black market ended.
“Our goal is not that as many people as possible bet on sports results, but that the players gamble in a state-regulated environment and not be driven towards illegal operators.
“The Regional Council of Darmstadt has built up a great deal of expertise in the regulation of gambling and will closely monitor the sports betting market.”
Mathias Dahms, president of the German operator association Deutscher Sportwettenverband (DSWV) said: “We are grateful to the responsible Hessian Ministry of the Interior and the Darmstadt Regional Council for always pushing ahead with the approval process in a serious and results-oriented manner, even under difficult political and legal conditions.
“Now, in the constructive exchange between the authorities and providers, the license conditions must be carefully designed and the black market systematically dried up.”
German states agreed last month to allow existing gaming operators to operate ahead of the implementation of the new interstate treaty on gambling next year, provided they begin to observe the treaty’s rules.
The new licensees are reported to be working with the Regional Council of Darmstadt to agree the timing for the implementation of conditions attached to the new licences.
It is still not clear how long operators will have to adjust to the new restrictions, which include a €1,000 monthly wagering limit and 20 per cent loss limit, but it is expected that they will have to comply by early next year. Bonuses will be limited to €100 per year per customer.
GVC has already announced that the measures could impact on group EBITDA €40m per year.
Tipwin said it was relieved that the period of stalemate and uncertainty had come to an end.
Managing director, Ivica Batinic, and head of legal, Damir Böhm, said in a joint statement: “The granting of the licence promises a great opportunity for everyone involved, whether that’s people, politicians, authorities, providers and consumers.
“It is the first step towards a real and responsible regulation of sports betting in Germany. We hope that this will pave the way for the new GlüStV 2021, further legal improvements and also an effective enforcement against providers who are not willing to regulate.”
Cashpoint review
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Cashpoint had some prime Stakersland real estate in their eyes and with a heritage that spans back to 1996, many stakers and the Cashpoint team themselves thought that their freelance bookmaker agency would break the monopoly of the global names here in the park. Giving the power back to stakers through betting booths and kiosks was the idea.
But, like many other bookmaker dreams, it just was not meant to be. Formed in Austria, where it seems most of the wild bookmaker ideas and dreams are born, Cashpoint now offer their service to a small community of 72K stakers. Austria is the priority here with some small groups of Germans coming over too, however, their other xTip betting brand was created specifically for those on the other side of the Austrian border. The main sports here at Cashpoint include most Bundesliga events with a priority on live in-play football fixtures. You will also find other sports like basketball, tennis, and handball with a special focus on Austrian and German events, and any international matches are likely to be followed if a local team is involved as well. We found that they also include the majority of the top esports tournaments and leagues for their small staker community with games like Dota 2, League of Legends, and CS:GO all closely followed.
It is a rare opportunity to see a bookmaker without maximum payouts defined within their terms and conditions. Instead, they approach the maximum winnings through the onsite FAQ area and the maximum payout from a single bet is defined as €100,000. To payout the maximum winnings which is defined within their Frequently Asked Questions section, they would need to be taking bets and deposits from its main business in Stakersland for roughly one day and eight hours. Due to the company’s large administrative expenses, just two to three maximum winnings in one day could end up being a significant hit against their revenues. It has been calculated then, by our own maths models, that the appropriate funds would not be available to payout your winnings within a 24-hour period. On the other hand, the company is a subsidiary of the billionaire company Gauselmann, and so this should mean that there would be no payout difficulties and that the parent company would most likely source the funds within a few hours.
Cashpoint currently operates a small 72K community and these stakers are generating €28M in gross gaming revenue per annum. The €100,000 limits seem to be enough in keeping the stakers satisfied here as they are spending between €35-45 each per month.
As estimated by the sales office here at Stakers HQ, the online Cashpoint community generates around €2-3 Million in monthly gross gaming revenue, with an average spend by Austrian players coming in at around the €35-45 mark. The annual gross gaming revenue stands, therefore, at around €28M for the twelve-month period. While Cashpoint claims to reach €2.6 billion in total bets placed, this could be true, but speaking of the overall profits, Cashpoint Holdings generates around €130 million across all of its franchises in Stakersland. From that €130 million, around €91 million goes to its partners and so the outstanding amount is hardly a sufficient enough amount to cover the administrative expenses. They do, however, make a few hundred thousand euros from other income streams but again, we are not talking huge profits here. The major rival of Cashpoint in Austria is Admiral with their €33-35 million in gross gaming revenue being generated within the world of Stakers. Looking at Admiral’s parent company, the total annual revenue of the Novomatic group reaches €5 billion which was bringing the shareholders a net income of €150 million annually. The second competitor that we would like to bring up is the Interwetten bookmaker, who enjoyed a 30% growth that reached €2 billion in total betting volumes. With the trading margin just below 5%, Interwetten yields at €99.5 million in gross gaming revenue annually. Again, additional costs take this figure further down to the €32 million mark, leaving the owners with roughly €1 million in cash as their end profit after all those expenses and taxes.