How Does Online Casino Cashback Bonus Work?
The promotional deal is a percentage rate that is about 5% to 25% of the net losses for a certain period of time on a certain game. The money is then credited to your online gambling account.
Unlike the deposit and free spins bonuses, the wagering requirement is too small. If you are lucky enough, you do not have to fulfil a wagering requirement at all.
The bonus amount is calculated with respect to the deposit you make. The site can return the losses that have accumulated over a month, week, or day. Even though the terms and conditions might vary, the premises are all the same. It is a great option if you have to keep your bankroll alive.
How it works has been explained in the example below.
- For instance, a casino offers a compensation bonus of 20% with a limit of $100.
- If a player loses $200 in a week, they are going to get $40 back. This is going to be added to the punter’s account.
- Again, if a player loses $800, they should get back $120, but since there is a limit, they are only going to get back $100.
How to Claim Casino Cashback Bonuses?
This is one of the easiest deals to claim. All you have to do is play with real money. Sure, you do not want to lose a bet, but this kind of reward can help in softening the blow to some extent.
This reward is calculated up to a specific percentage, generally between 10% to 20%. It is usually applied to specific games and can be provided either by a game developer or a casino. However, it doesn’t matter who is in charge of the deal as long as you are getting the cash.
You can easily qualify for the deal as long as you have wagered some real cash. The casino will specify the deposit money necessary to claim the deal. There are a few gambling sites that offer this deal to the VIP members of a specific rank only as they have already funded the account significantly to qualify for the deal.
Cashback bonuses are usually attractive for all the high-rollers out there.
Where to Find Casinos with Cashback Offers?
Does this sound like an attractive deal? Well, you should know there are a plethora of online cashback casinos out there providing these rewards to its loyal and new customers. However, to gain all the advantages of the top Canadian online casinos, one must be aware of all the details and promo offers.
The companies that design these offers are spending loads of cash every year to improve their customer relationship management. This aims to keep as many punters gambling on the site as possible. These deals can be compared to the insurance policy on cars.
For instance, you are playing your favourite slot and wagering $1000 for the evening. You either win big and take home the profit, or luck does not favour you, and you lose your deposit. In the latter case, a money return deal might prove to be useful.
In order to find out the casinos with cashback deals, you have to search them on the web. However, after you find a site offering this reward, make sure that you check the terms and conditions. This will tell you about the wagering requirements, the validity period, and the percentage of the money you can get back.
Cashback Casino Bonus vs Standard Bonus
With a pool of casino bonuses available, you can take advantage of lucrative deals to increase your bankroll. Some of the most popular offers are:
- No Deposit
- Free Spins
A few of these are only available to new punters. These are No Deposit and Welcome Deals. However, cashback in online casinos is usually available to all players.
While welcome promotions are offered to punters who are signing up with the site for the first time and making a certain deposit, money return offers are provided to punters who have played and deposited money to their personal casino account. Most of the time than not, no deposit or welcome deals come with free spins, the money return deal doesn’t.
Another big difference between the regular casino rewards and cashback is the expiry date. While free spins and welcome offers tend to be active for a longer period of time, the casino cashback promotion tends to be time-limited. Thus, they are available for a shorter period. On certain gambling sites, you will only be able to claim them on certain days.
Since the cashback deal gives back a percentage of your losses, you can take this as a kind of insurance. Hence, you can save some money even when luck isn’t on your side. The money refunded can be in the form of cash that is returned to the punter’s online account. While in other cases, the money might come in the form of credits that you can only use on playing games.
Terms and Conditions for the Best Cashback Casinos Offer
Every gambling site is different, and it is always better to check out the terms and conditions associated with the deal before you use a promotional reward. Here are some of the common terms and conditions associated with this.
- You have to enter a promo code to claim the deal.
- If you try to abuse the system, the offer will be revoked.
- Players need to be over 18 or more.
- The maximum amount per customer is applicable.
- Deposit match offers shouldn’t be used in conjunction with these rewards.
It is also necessary to keep in mind that apart from this, you are also bound by the general terms and conditions. So, even if it seems boring, you need to check these terms and conditions prior to depositing cash.
Pros and Cons of Cashback Casino Online Bonuses
- Even if you lose a bet, you can win back a certain percentage of money.
- You do not have to look for a new deposit offer as you can reap the advantage of this offer.
- Often there is no wagering requirement. This means you do not have to play the rewarded money again prior to withdrawing or choosing to gamble with it.
- There is nothing special that you have to do to win these deals. All you have to do is claim it.
- It will allow you to gamble for a longer time and save some money.
- Most of the sites offer this bonus for a limited time. At times, it is only available for a few hours.
- Not all casino games are going to come under this reward.
Cashback Casinos: Bottom Line
No matter how lucrative the deal appears to be, you should always do your research to ensure that the deal is right for you. At times the amount is so minuscule that it is better to use a traditional casino offer. Sure, it is a great way to redeem some money but do not keep playing to get the cashback.