Cashback Bonuses

Available in many different formats and variants, online casino bonuses are designed to help operators stand out among competitors. Needless to say that they are all very much liked by players, as they equip them with additional credits for extended playtime.

One of the most popular offers is a cashback bonus, which, as the name itself says, allows players to recoup a percentage of their losses. It represents compensation for losses over a specific period of time, so we can say that it’s a casino’s way of saying “thank you for your loyalty”.

Different Types of Cashback Bonuses

A cashback bonus does precisely what its name indicates- refunds players a percentage of net losses over a specified period of time. Most commonly, they represent the reimbursement for the portion of the LOST funds, but they can also be given on the amount of deposits made or bets placed.

If divided by frequency or calculation period, whatever you prefer, they can be daily, weekly, or monthly. Cashback bonuses in online casinos can be granted in form of real money, bonus money, or loyalty points. Some offers have wagering requirements, the others don’t.

As for the percentage, a solid number of casinos offers a return of up to 20%, which is more than great. It’s important to note that players with a higher ranking in a rewards club can be eligible for an even higher return.

Claiming a Cashback Offer

The rules on “how to claim a cashback bonus” differ from one casino to another. Sometimes, the bonus is activated automatically, if a player has enrolled to receive it upon registration, for example. Otherwise, a player should visit the lobby with bonuses and promotions, and redeem them. Also, some deals are activated with the help of customer support (live chat) or with a special bonus code, similar to how some no deposit bonuses are claimed.

Before claiming any bonus, including a cashback deal, it’s of huge importance to analyze a couple of factors. It’s more or less the same as with credit cards and the accompanying cashback, you need to take multiple factors into account when choosing a card.

Here’s what you should pay attention to:

The percentage of cashback- varies between 5-20%
Calculation period
Participating games -some offers are meant for slot releases only, the others encompass table and live dealer games as well
Wagering requirements (if any)
Max cashout limits

Finally, players must familiarize themselves with the Terms and Conditions. That’s where they will find all the relevant info related to the previously presented checklist, which will eliminate any potential misunderstanding.

Have fun and gamble responsibly!