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When you gamble online, it is hard not to get excited when you hear the word “bonus”. Some bonuses are better than others though, and some of the most popular (and best) bonuses you can find is a cashback bonus, as these give you money back on your bets and losses, without any frustrating wagering requirements. Casinos are essentially paying you when you lose. Does this sound interesting? We thought so! Keep reading for a complete guide.
Cashback Bonus Casinos
Introduction to Cashback Bonus
The name itself says a lot about these types of bonuses, and many players are surprised when they find out how simple the concept of these bonuses are. It is one of those rare cases when something sounds too good to be true, yet it is true! With a cashback bonus, the casino essentially rewards you for your spendings even if you lose your bet.
Nobody likes to lose when you gamble online, and with a cashback bonus programme, you get something similar to an insurance to make sure you’ll get a consolation prize if things don’t go according to plan. The more you play (and lose), the more money you get back from the casino. It is usually not a huge percentage, but it is a lot more than 0.
It can be hard to grasp why a casino would hand out cash to their players without strings (wagering requirements) attached, but there is plenty in it for the gambling site too. These types of offers are a way for casinos to motivate players to stick around after receiving their initial welcome bonus, with the hopes of gamblers continuing to choose their casino over competitors.
Some casinos may give you access to their cashback programme right away, but in other scenarios, you might have to fulfil certain requirements before you become eligible and considered a loyal casino member. Sign up for the casino newsletter if available, and keep an eye on promotions on the website.
Casino Cashback Bonus
Cashback Wagering Requirements?
Wagering requirements refer to conditions you need to meet before you can cash out and withdraw your winnings, and many welcome bonuses have these to make sure players don’t just claim their bonus and leave to play somewhere else. These conditions are common, but can be a little annoying.
Here comes the good news! Real cashback bonuses do not have any wagering requirements, and this means that the casino is essentially handing your cash you can spend any way that you like. Since the amounts tend to be small, most online gamblers choose to use their cashback funds to continue playing.
If something is marketed as a cashback bonus but then you find that it comes with wagering requirements, then it isn’t a real cashback bonus and could potentially be a sign of a casino that is less trustworthy, or possibly unaware of what a cashback bonus really is.
Cashback Bonus Types
The concept tends to be the same when it comes to cashback bonuses, but some are more elaborate than others! What they have in common is that they give the player a percentage of their losses back, and that there are no wagering requirements There are two typical cashback bonuses you might come across.
Cashback bonuses can go under all kinds of names and they might not be called “cashback,” but you should be able to recognize one based on the offer itself. Other bonuses like welcome bonuses and deposit bonuses give you a reward for signing up, depositing or something else, while a cashback bonus refunds a small percentage of your losses.
Another difference you might find when looking for cashback bonuses is that some may restrict you to playing a specific game to get a cashback bonus, or it could be reserved for gambling on slots, Blackjack, live casino games or something else. Other cashback bonuses could also apply to all and any games on a site.
We recommend that you read through the the terms and agreements before accepting a bonus like this, to prevent misunderstandings where you might end up playing an ineligible game and get disappointed when you don’t get the expected cashback.
Can Cashback Bonus Money Be Withdrawn?
In many cases, the cashback bonus you get from an online casino can be withdrawn, since it doesn’t come with wagering requirements. However, some casinos may work a little differently, where the bonus money can only be used for casino play. The money is still yours and can be used for anything within the online casino, but cannot be withdrawn.
Cashback Bonuses with Other Active Bonuses
If there is a cashback bonus offer, then chances are the casino also has other bonuses available for new and returning players. What happens if you activate your cashback bonus—can you still take advantage of other bonus offers, or the other way around? This is something to consider before accepting a VIP program with cashback.
At casinos where you can only activate one bonus at a time, check if you can activate and deactivate bonuses at your convenience. If that is the case, then you can always temporarily deactivate your cashback bonus in order to activate another.
There are also times when you need to consider how much each bonus can benefit you, to help make the decision. Cashback bonuses continue giving under a long period of time, and are often more beneficial to the player than a welcome deposit bonus, as welcome bonuses tend to be one-time offers with tricky wagering requirements.
Pros & Cons
Every casino player wants good casino bonuses, and there is a lot of good to say about cashback rewards. But, when it comes down to it, how can you know if it’s the right thing for you or if you are making a mistake by activating one? Cashback bonuses are some of the most straight-forward casino rewards out there, but it is still smart to compare the advantages and the disadvantages.
Here is a list of some of the top pros and cons associated with cashback bonuses.
As you can see, the pros greatly outweigh the cons in this situation, and cashback casino bonuses are generally a great option for players to get money back on their gambling losses.
Cashback Bonus Tips
Interestingly, cashback bonuses aren’t always announced on casino websites, or at least not on the landing page the way you might have seen welcome bonuses plastered. They are, however, listed somewhere, and you need to make sure you don’t miss out on a great opportunity when you are gambling online.
The easiest way is to head straight to the Promotions page at the casino where you have chosen to play, as it should display every available promotion at the casino. New players might not be eligible for cashback offers, but the information should still be there.
Another tip is to sign up for newsletters and promotional material, to make sure you are always the first to know when something new becomes available. Cashback bonuses are usually permanent bonus features at gambling sites, but you never know if a casino that didn’t have one before might decide to add this attractive bonus offer.
Cashback in Other Industries
Perhaps you still feel like cashback bonuses sound a little too good to be true, but the truth is that it is a common concept across different markets and in various industries. Have you ever been part of an Airline Mile Club where you collect points that can be traded in for flight miles and trips? Cashback bonuses follow the same concept and rewards loyalty.
You might have also come across these types of reward programmes in physical stores. It could be that you purchase a certain number of products or services and receive one for free, or that you get a discount coupon after having shopped for a specific amount. VIP programs like these may have different names, but they follow the same principle as everyone’s favourite casino bonus.
Some online casinos automatically grant you access to their cashback program, and you don’t have to do anything. However, there are also casinos that require you to reach out to them and ask to have it activated, and some may not even announce their cashback programs on their websites.
To get your cashback bonus, you first have to meet any requirements set by the casino, such as losing a specific amount. It can then take around 24 hours for your cashback money to appear on your casino account.
No. A Cashback bonus is something you get as compensation for having played, bet and lost money, while a welcome bonus is given to players when they sign up
A cashback bonus can be great for someone who plays frequently, and since they have no wagering requirements, there is nothing necessarily bad about these types of bonus offers. However, due to their nature, it could be a motivator for someone who is already at risk of developing unhealthy gambling habits or addiction.
Cashback bonuses are available to players all over the world, and there are no laws preventing Asian players from enjoying the benefits of a cashback bonus, provided online gambling is legal in your area.
Cashback bonuses are reward systems where a casino gives the player money back on money spent or lost. It works similarly to rewards programs where you receive a free item or service after a certain number of purchases.
Yes. Cashback bonuses are given out to players based on their spendings and losses, and you cannot get cashback bonuses without making a deposit
It depends on the casino. Some casinos grant all their players a chance at earning cashback rewards, while others offer the option only to VIP players.
How to Claim a Cashback Bonus
Alright, so now we know all about where to find cashback bonuses, what they are and how they can benefit you as a casino player, but how do you actually go and claim one? The good news is that they tend to be easy to find, and any casino that has a cashback programme usually announces it on their Promotions page.
Go to the Online Casino’s Promotions page.
Locate the cashback bonus offer in the list of active offers, and read the Terms & Conditions.
Opt-in to the offer.
From here, it can look a little different depending on the casino and the bonus conditions, and some cashback bonuses kick in automatically once you have fulfilled the basic conditions to become eligible. These bonus offers are available to everyone and you don’t have to do anything special in order to get one.
Other cashback bonuses need to be manually activated, which can often be done via your casino profile or the promotions page. If this is the case, it can be very easy to miss a cashback bonus, and you wouldn’t want that to happen. Make sure you double-check what you need to do in order to participate in the bonus programme.
Your cashback bonus offer should now be active. Now it’s time to enjoy gambling safely!
A cashback bonus is a rewards program that allows gamblers to gain on their own losses, so to speak, as you get a percentage back of the money you bet even when you lose. Some cashback bonuses are game or game type specific, where it only applies to certain games, while others might give you cashback on any game you choose to play.
Real cashback bonuses don’t have wagering requirements, and you should always watch out for any casino claiming to have a cashback program if there are wagering requirements. At first glance, cashback bonuses can seem less appealing than flash welcome bonus offers, but they are often worth more in the long run.
Take some time to investigate and compare available cashback bonus offers, to see where it is the most convenient for you to gamble. Being rewarded for your loyalty is one of the best casino bonus opportunities out there.