Casino bonuses are the best way to attract new players and retain old ones. Cashback bonuses are becoming increasingly popular, especially with casinos trying to replace welcome bonuses with them. Their purpose is to refund your losses accumulated while playing, and it is usually a percentage of the customer’s net losses. It can come as real cash or bonus money.
Cashback bonuses allow you to minimise your losses by giving you back a percentage. Those deals are a simple way to keep your losses in check. They might be the best bonuses in the long run, for they keep giving all the time. In some casinos, you might come across the expression rebates, which basically means the same as cashback.
There are several things you should know before you get into serious playing sessions at a casino. Cashback bonuses come in handy for new players, but old-school customers might maximise their benefits better. Check out this article to find out everything about cashback bonuses.
How It All Works
A cashback bonus is a reward from a casino to its loyal players who have proven their worth. It does not include complicated conditions or requirements. Fund your account, play your favourite games and wait for the venue to give you back a part of what you lost. It is a fail-safe method for many players to control their spending.
Online cashback bonuses are estimated as a percentage of your losses on particular deposits or over a period. They can be time-based, usually weekly, or accessible only via particular deposit methods. Many players tend to reinvest the bonuses into playing games, looking for more money.
Each casino handles this process differently, so there is no universal definition. You will get the general idea, though. As said, cashback bonuses grant you a percentage-based return of your net losses. The term net losses means you lost more money at a casino than you won.
You have net losses when you end up with less money than your initial balance. If you wagered £100 during a single session and ended up with £50, your net losses amount to £50. If a casino offers a 20% cashback, it will return £10 to you. Not a bad deal for both old and new players.
Things to Remember
There are a few more things to make clear about cashback bonuses. Firstly, most of them are limited to net losses related to a certain period of time. It can be a daily or weekly cashback. Additionally, bear in mind most such deals have a minimum loss requirement. If it is set at £10, then your losses need to surpass £10 in the first place.
Most cashback bonuses have a maximum they do not exceed, which is a pre-set amount. Any losses bigger than that do not include returns. Many bonuses represent bonus money instead of cash. It means you can only use it for playing on the same platform instead of taking it out. It also includes concerns about wagering requirements.
Of course, some of the bonuses do not have them, and you always need to check the terms and conditions carefully. Such small details can make a massive difference between a good and poor bonus or casino. Ensure that a reputable regulatory body has licensed the casino you want to play in before doing it.
How to Find the Best Cashback Deals
Based on the mentioned criteria, the best casinos will have high rebates, thus covering a higher loss percentage. It is usually better when the timeframes are longer, for notable losses are more likely to be sustained over a longer period. High, tough-to-meet requirements are a part of poor deals, and you should avoid them.
Some deals are available only to new players, which is never a plus. They can also have limited offers, but the best ones are available all the time. You should also pay attention to how applicable your bonuses are. The best offers encompass many games and not only slots. They can include table games and live game shows, too. Of course, finding a casino that meets all the requirements is challenging, but the best ones meet most of them.