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Cashback Bonuses Explained
() 06:23 PM CEST - Jun,22 2022

When it comes to gambling, you can win some or lose some from time to time. But reckless decisions can increase your chances of losing more than you can afford. Let’s face it, no one likes to lose despite being inevitable when playing at land-based casinos or online casinos. If there’s any way to reduce the impact and recover some percentage of their loss, gamblers run for it.

Luckily, casinos already took care of it using a cashback bonus to keep their players happy. But what is this so-called “cashback bonus”? As its name suggests, this type of bonus is awarded under certain conditions through the help of Cashback Casinos. Let’s find out why casinos award cashback bonuses and how they work.

What is a Cashback Bonus?

A cashback bonus allows players to get back a part or percentage of their losses in a certain gaming session. Casinos typically award this type of bonus to their top paying players or VIP players. The VIP Team or VIP Account Managers are also responsible for handling the program and reviewing the players' accounts. Cashback bonuses are awarded either in the form of cash or casino credits.

Online casinos provide cashback bonuses as additional incentives to players. Aside from giving them a chance to spend more, this also helps their loyal players avoid being bankrupt. Thus, those loyal casino players who spend more during a certain period are rewarded. This means that cashback bonuses can be offered at a certain time or date as well.

Compared to other offers, cashback bonuses are often heavily advertised in cashback casinos. Online casinos offer a cashback reward system while land-based casinos may offer it in the form of VIP services, game clubs, or casino points. Land-based casinos may also award these bonuses as free meals, room upgrades, or even exciting goodies instead of cash.

How Does a Cashback Bonus Work?

The percentage of cashback bonuses varies from one casino to another or players. So if player A spends more money in casinos regularly, he has better chances to earn more than standard players. Cashback casinos usually set the range between 5% to 25% of the players’ total net losses. The top cashback percentage can increase up to 100% or even 200%.

Therefore, the more money you play with the more cashback you can get. The T&C varies so the required bet to be eligible for this bonus also differs. But as a general rule, players usually have to spend a huge amount of money first to claim a cashback bonus. Depending on the casino, cashback programs can be automated while others are granted upon the players’ request.

Those winnings from no deposit bonuses are not eligible for a cashback. Other casinos might even require less than £5 to £0 balance to qualify. Most cashback casinos also forbid the combination of cashback bonuses with other bonuses. Thus, clearing your deposit bonuses doesn’t qualify you. To make it clearer, imagine seeing an offer of “Weekly 20% Cashback with £50 limit”. If player (1) lost £200 in the last week, his cashback can be calculated as 200 x 0.2 = £40. If player (2) lost £300, the bonus should be 300 x 0.2 = £60. But since there’s a £50 limit, the cashback reward can’t exceed it.

Where to Find Real Cashback Bonuses?

Cashback casinos like offer reliable help and support to lower the gambling risks while finding the best cashback bonuses. Cashback Casinos is dedicated to providing the top gaming content and a safer gambling environment along with cashback offers. Therefore, their recommended casinos are also licensed and regulated by the MGA and UKGC.

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