Cashback bonus
A cashback is a loyalty reward offered by online casinos where a player receives a percentage of their loss back as bonus money, meaning the player won’t lose the entire wager if they play a losing hand. Typically, this offer works by softening the blow of a loss and encourages the player to keep on.
Usually, cashback is given as a percentage of the total losses over a given period, say weekly or daily. Some casinos have smaller rates for regular players and higher percentages for VIP gamers. Though most gaming platforms offer cashback as game credits, others credit free spins to the player’s account after a loss.
Types of cashback bonuses
Like other casino bonuses, cashback comes in different forms. Explore the various cashback offers available on online gaming platforms here:
- Daily cashback - this is the most common type of cashback where the casino computes the player’s net losses at the end of the day to award a bonus. Of course, the cashback amount is determined by the total amount spent.
- Weekly cashback - this type of cashback is rewarded after seven days of playing. The casino calculates the bonus based on the total losses incurred over the week.
- Monthly cashback - this bonus is calculated from the net losses suffered over a month.
- VIP cashback- becoming a VIP player guarantees gamers benefits including VIP cashback in most casinos. The player is tasked with attaining specific ladders; the cashback percentage increases as they level up.
- Wager-free cashback - some casinos offer cashback bonuses that don’t require players to satisfy any playthrough requirements before withdrawal. However, one should note that a casino might require them to bet and lose a certain amount to claim the bonus, usually a high amount.
Terms of use
Players should consider several factors when singling out a cashback bonus to make the most of their losses. The top aspects to consider include:
- Bonus amount - choose the bonus offering a higher amount of cashback. However, take note that some casinos may require players to lose more to claim higher cashback rewards.
- Cashback percentage - opt for bonuses with high cashback percentages. The higher the percentage, the more bonus funds you receive if you make losses.
- Wagering requirements - players should look for offers with reasonable wagering conditions. Go for the bonus with the lowest possible playthrough requirements to get value from your losses.
- Bonus cycle - keep in mind the bonus cycle before choosing an offer. For instance, most casinos offer weekly, monthly, or daily cashback offers. If you go for the weekly option, you will wait a whole week before receiving the bonus.
Choosing a casino and bonus
Choosing the perfect casino and cashback bonus should never be an issue. Start by verifying the casino’s legitimacy by ensuring it’s licensed and has good reviews on timely payments. Regarding cashback, be sure to read its terms and conditions carefully to confirm you can satisfy them before committing to the bonus.
