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Online casinos often offer rebates to their players to encourage them to continue gambling there or to reward them for their loyalty. These rebates are known by several terms, the most common being casino cashback.
If you want to learn more about cashback casino bonus offers and the many uses these bonuses have, this guide can help you understand how it all works.
We will start by explaining the meaning of “cashback” in online casinos, covering the basic premise and uses. Then, we tell you how to get money back from the casino and what casino promotions to play.
Oh, and we'll wrap things up by recommending a few cashback deals you can start collecting.
How Do Cashback Casino Bonuses Work?
Cashback casino bonuses are offers that allow players to get a portion of their gambling losses back. For instance, a 10% cashback rebate means that 10% of the total money you lost in a specific period is returned to you.
Players typically become eligible for casino cashbacks when they perform certain tasks or fulfil certain requirements. The most common form of casino cashback is commonly referred to as a bonus. Punters claim the cashback bonus after placing a deposit at the online casino.
In general, casinos offer two ways to claim cashback casino via online promotions.
Most casinos automatically credit the bonus to the player’s account. Generally, the only requirement is that your net losses for a given period are higher than a certain minimum. Remember – you can only collect a cashback if you lose more money than you win. Let's
Let's say they have a 10% weekly cashback that's paid out every Monday for any losses over $20. You play your favourite casino games throughout the week. You win a total of $100 but lose a total of $150. In this case, your net loss for that week is $50.
Since that exceeds the $20 minimum, next Monday you'll get $5 back from the casino – 10% of your $50 losses.
Remember, if you win more money than you lose while playing, you don't get anything. If you lose more but the total difference is less than $20, you also don't get anything.
Wagering Requirements
Usually, casino bonuses received through deposits cannot be cashed. They can only be withdrawn after the player has wagered the deposit and bonus a specified number of times, which is called the wagering requirement.
Conversely, cashback casino bonuses are offered against specific amounts wagered at the online casino and against losses incurred by the player. Usually, but not necessarily, the player can withdraw these cashback bonuses without having to meet any wagering requirements.
However, you should still pay attention to the terms and conditions of every offer. Wagering requirements are not always present like with matched deposit offers, but they're quite possible.
Types of Online Casino Cash Back Offers
Offers such as these are as varied as they are common. Here are some of the more common kinds of cashback casino deals found across the industry.
Cashback On Losses
Online casinos realize that players do not feel happy when they lose. They offer some comfort by returning a part of the losses as cash back. A typical offer would be 20% of the losses during the week subject to a maximum of $100.
Let us illustrate.
If the player ends up winning that week, then they will not be entitled to any cash back. However, if they lost $400 then they will get cash back of $80. If they lose $600, then they will not get back 20% of $600, which is $120. However, this payout can only be up to the maximum limit of $100.
It's the basic, most common type of cashback bonus.
Cashback On Total Bets
This is one of the more exciting cash back offers. Here it does not matter whether the player wins or loses. They will get cash back on the total amount that they wagered in the specified period. VideoSlots.com is one of the online casinos with an offer of this kind. It states, “Regardless if you win or lose you will receive 25% cashback on all your bets in our game categories Video Slots and Slots. ”
It's not a common variant, but it exists.
Loyalty Rewards
Many casinos offer loyalty programs that award special perks to players who deposit and wager enough money at their sites.
Cashback on all losses is a fairly common perk. For example, reaching a certain level of a casino's loyalty scheme may grant a 10% global cashback on all losses.
Note that such offers are generally still limited. They define how much you have to lose and how much time you have to meet that requirement. This is typically a day, a week, or sometimes even a month.
How Often Are Casino Cashback Offers Paid Out?
How and when cashbacks are paid out depends on the terms set by the casino that makes the offer.
The most common timeframe is 1 week. However, daily and monthly variants also exist.
Tha payout always amounts to a percentage of the total net losses sustained during the specified period – most commonly a week.
How to Find the Best Cashback Casino Offers for Online Casinos
A Casino Cash Back Offer is the case when the casino refunds you a percentage of your net losses over a period of time. That makes these casino bonuses profitable long-term. Typically, high-rollers are keen on these deals as they can deposit a lot. However, low-stake gamblers and casual players can also capitalize on cash backs.
Normally, cashback deals are from 10% up to 25% (not to be mistaken with the playthrough). So, if you have a 29% cashback deal on net losses that total $100, you can gain a cash back bonus of $20.
Claiming the best cashback bonus is a two-step procedure.
- Firstly, make sure that the requirements, limits, and rebate percentage of the offer match your budget and playing frequency. For example, a deal that only pays on losses bigger than $100 is useless to someone who doesn't even wager that much in a week.
- Secondly, make sure the bonus applies to your game of choice, e.g. slots, roulette, blackjack, poker, etc.
The easiest way to find the best cashback deal for you is by browsing our casino directory database.
See where to find the best cashback casino bonus offers at online casinos:
| Casino | Cashback Bonus |
Best for |
| VIP Slots | 10% Cash Back on Weekly Losses | Australian & US Players |
| BetUS | $500 on Weekly Net Losses Accumulated on Blackjack Games Every Monday! U.S. Players Welcome! | Blackjack Players |
| Red Stag | 25% Cashback on first 7 Deposits | US Slot Players |
| Casino Palace | Weekend Cash Backs up to 15% on Deposit Losses | UK, European and Canadian Players |
Conclusion
Statistically, all casino players lose in the long term. That's just how it works – the house always wins.
That's why casino cashbacks are an excellent way to manage gambling losses. This makes them an excellent money management tool that allows you to get more bang for your buck.
Surprisingly, this means that cashback offers are much better in the long term than single-payout welcome bonuses and similar offers. Cashbacks are the gift that keeps on giving, which makes them invaluable to regular players.
However, you are not compelled to avail of all such offers you come across. After all, they depend entirely on you losing in the first place.
You should very carefully read the terms and conditions attached to any such offers, though. This is particularly true about the wagering requirements. In case any condition is not clear, you should contact the customer support and understand it before you avail of the offer.
