A cashback bonus is an excellent way for gamers to earn money back. In other words, if you place a wager and do not win, the casino rewards you with cashback to reimburse a part of your loss.
This also offers a pleasant incentive that motivates players to keep playing. Most casinos have a cashback bonus option in their promotions section.
Thus, you need to keep an eye out if you do not wish to miss out on fantastic cashback deals.
How does a cashback bonus work?
Cashback bonuses usually come with a total amount match or percentage match applicable to the player’s betting amount. It aims to refund a certain percentage of your lost bet, generally up to a maximum amount.
For instance, if the cashback bonus offer is 10% up to $100, you can get a maximum of $100 irrespective of your bet amount.
There are many differences between a cashback bonus and other casino bonuses.
For instance, the latter rewards you for signing up and beginning to play casino games. However, cashback bonuses are applicable for loyal players who cannot maintain a winning streak.
Best cashback casinos & bonuses
Keep in mind that some casinos below have a welcome bonus that is NOT cashback, but after your first deposit, cashback awaits all bets.
As you can see, some people even have a welcome bonus in the form of cashback!
Wagering requirements for cashback casino bonuses
In most cases, you do not need to worry about wagering requirements. Players usually claim the cashback bonus after already wagering and placing bets.
Thus, putting wagering conditions on bonus amounts offered for the players’ losses is unfair.
However, one major disadvantage of cashback casino bonuses is that there is usually a maximum bonus limit.
Types of cashback bonuses
Cashback offers differ from casino to casino. The most common types include welcome bonus cashback, promotional cashback, and VIP cashback offers.
- Welcome bonus cashback: This is one of the most common cashback offers by casinos. The bonus amount is equal to a certain percentage of your deposit. It can also be a specific amount given after your initial or subsequent deposits. You can qualify for this kind of bonus if you wager and lose your deposit amount.
- Ongoing promotions for loyal customers: Besides new players, casinos also offer many cashback promotions for their loyal players. The bonus usually applies to certain games (live dealer, mobile games, slot games and so on).
- VIP program bonuses: There are VIP rewards that are reserved exclusively for loyal players or high rollers. Thus, you might get weekly or monthly bonus amounts at a higher rate.
Cashback bonus expiry & wager
Your cashback bonus offer will not be there forever. They have a specific expiration date and time.
Thus, please read the casino terms and conditions before availing of their cashback bonuses.
In most cases, these offers do not last for more than two months. Thus, make sure to exploit these opportunities before the time runs out.
We advise you to always look for cashback bonuses in authentic and licensed casinos.
If you are unsure, always make sure to look for license seals from the UKGC, MGA, or any other reputed body.
Play responsibly and safely before redeeming any cashback casino offers.
Also make sure to check to wager requirements! In most cases cashback bonuses come with no or verry low wager requirements but to be 100% sure make sure to check this before playing.