CashPoint Sportsbook Bonus

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.

Cashpoint vs. 1Win: we recommend you shop the lines before making a choice between these two bookies: they have a more or less similar selection of sports disciplines, and the odds vary depending on an event or a sports type. For instance, 1Win gives better options for soccer leagues, but Cashpoint offers more markets and higher odds for tennis.

Cashpoint Overall Info 2021

Cashpoint is one of the industry’s veterans: it appeared on the gambling market in 1996 and operated as an online bookmaker since 2000, which leaves no doubts regarding its legal status. It has a decent choice of betting markets and used to be a casino platform, too; however, they do not offer any casino games at the moment, which they will probably fix later. Their min deposit starts from $10, which is quite affordable for a broad audience; among the other advantages is their modern betting app, excellent offers in terms of odds, generous action line for significant sports, including live markets, and welcome first deposit bonuses.

What we did not like about Cashpoint is the lack of live streaming services, limited methods of contacting customer support, absence of cryptocurrency deposits, and no choice of language and odds format: you receive a platform in English with decimal odds, and it is not customizable.

You may want to settle down for this one because it is not only intriguing but also useful. As the name suggests, the loyalty bonus is an existing customer’s reward for being loyal to Cashpoint. What happens is that as soon as you verify your account and deposit at least €10, you will start collecting cash points. The cash points come about by multiplying your stake with the number of bets. The percentage of loyalty bonus you get for doing that will depend on your loyalty level. The first loyalty level is silver, and it accommodates everyone who has less than 5,000 cashpoints. New customers, therefore, belong to the silver level.

Does Cashpoint offer a no deposit bonus?

No, Cashpoint is yet to implement a no deposit bonus on its website. That is because it has its focus on initialising other valuable promotions like the ones stated above. As you wait for a no deposit bonus code, you may consider making use with what is available in the meantime. To access the list of bonuses and promotions, open the Cashpoint website, click on the menu and thereafter go to bonus offers. The command will lead you to a page full of bonuses.

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How good is the market coverage and selection of bets on Cashpoint?

Although Cashpoint may not be the best casino in the industry as they don’t offer many casino games, however, you can find slot games there. Nevertheless, they excel in the area of sports they offer. Cashpoint offers over 25 different sports on its site which brings over 50,000 different betting markets daily. So, whether it is tennis, football, volleyball, racing, and so on, you can trust Cashpoint to always deliver.

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