Difference Between Rakeback and Cashback Bonuses

If you’ve spent any time at online casinos, you’ve likely come across cashback and rakeback bonuses. Both promise to give you back a portion of the money you put down after meeting specific requirements. However, you must know some key differences between the two before claiming them.

That is where we come in! In this article, we’ll explain the difference between these two bonuses and whether they’re worth grabbing. Keep reading to learn all about these exciting promotions.

What Are Cashback Bonuses?

Cashback bonuses are more common among the two, probably because they are simpler to balance. As its name implies, you get back a percentage of the money you lost over a specific period.

For example, if you activate a 10% weekly cashback and lose $200, you’ll get $20 back. How much cashback you get is usually determined by your VIP or loyalty program rank.

So, why pick cashback? Primarily, it’s because it applies to a much broader section of games. In most online casinos, only slots and live casino games are included. However, some websites let you claim cashback on table games and various instant games, too.

It’s also the best choice if you want to mitigate risk. Cashback lets you win back some of the money you lost, lowering the risk of bigger bets.

One final factor to consider is the simplicity. Cashback is easy to calculate – take the percentage, apply it to your net loss, and you’ll know how much you’ll get back.

What Are Rakeback Bonuses?

Rakeback primarily focuses on poker games, though some online casinos have adapted it for other releases. With each round played, a small amount of money is paid into the pot, known as the rake. The rakeback bonus pays a percentage of this money back to the player.

At a 40% rakeback, you’ll get $40 back for every $100 wagered. Unlike with cashback, these bonuses don’t take into account whether you win or lose. As such, you can maximize your benefits by playing well. This is especially true for poker, where good strategy can put you ahead of the competition.

Similar to cashback, the percentage increases with your player level. This encourages you to keep coming back to the same poker site rather than constantly swapping.

Which One Should You Choose?

There are several things to consider when deciding between cashback and rakeback bonuses. The most obvious one is your choice of game. Rakeback is almost always offered for poker, making it a no-brainer. Similarly, cashback bonuses usually target slot games and occasionally live dealer titles.

Cashback is also the better choice for risk-averse players. It reduces how much you spend by refunding a part of your losses. Meanwhile, rakeback favours more aggressive play, requiring you to bet more to maximize the promotion.

We also recommend rakeback if you play frequently and wager large amounts. If you’re less active, cashback provides a more consistent return of your funds.

Finally, you’ll want to consider the bonus terms of each promotion. It’s not uncommon for one online casino to offer a better deal than another. If you find an excellent cashback bonus, it may push you towards picking that over the rakeback.