What is a Cashback Bonus?
Online casino players often seek for incentives to continue playing once a bad streak has been encountered, among available options are cash back bonuses. The meaning of the term is straightforward; players earn the opportunity to get a portion of their money back when lost during their time playing.
How do Cashback bonuses work at online casinos?
The majority of online casinos offer cash back promotions for players, typically available to redeem on a monthly basis. However, some casinos may vary making cash back qualifications based on losses from a specific day or week. In summary, cashback can be compared to the nine lives myth of cats in a way. If a player loses everything, it’s still not over yet.
Are there any requirements when you receive a Cashback Bonus?
Understanding the full structure of a cash back bonus is important, there are many variations regarding qualifications to claim one and not all cash backs pay the same. However, some online casinos have disclaimers which enforce the need to comply with a series of qualifying conditions prior from submitting a cash back bonus request. Country restrictions, minimum deposit amounts, net losses within a specific day, week or month are a few of the real life examples most commonly used as requirements. However, not all casinos follow the same rules. Some brands omit part of the qualifications specified above and may include additional rules that are completely different. Make sure you know what is required to be able to apply for this particular bonus.
Also, this bonus is usually tagged to a wagering requirement. Usually, when a casino offers this bonus without a wagering requirement is because they are giving it to a VIP player who has been part of their casino for a long time.
What is an example of a typical Cashback Bonus?
The percentage of money given to players throughout cash back bonuses typically ranges within 5% and 25% of net losses. When cash back percentages are between 5% and 15%, they are often applicable to monthly net losses. This justifies why the percentage remains relatively small since a reimbursement of net losses worth a whole month of gaming activity may result to a great figure if a player is a big gambler and the concept of cash back bonuses is to give something back but in a reasonable manner of course.
If a cashback ranges within 20% or 25%, it is more likely to be a limited time offer associated with net losses. Upon a single deposit transaction or a total of deposits made a specific day or week. If a casino is found to provide monthly cashbacks within the last mentioned percentage ranges, it is typically applied to high rollers or VIP players.
What benefits can players receive from a Cashback bonus?
Cash backs are a percentage of money that is returned to a player upon loss. The advantage of claiming this type of bonus is that it can reanimate a zero balance. It can also extend the play time to attempt making some winnings.