What is cashback bonus?
A cashback bonus is an amount that is given back to the players after they have had successive losses at the casino. Unlike welcome bonuses that are given upon signing up, a cashback offer is given when players have accumulated some losses. It is a type of insurance that indicates that even if a player has bad luck, they won’t lose all their money.
The cashback amount is usually only a small percentage of the total loss amount over a specified period. So, when a player uses their cashback money to play more, no real losses are realized. In fact, they may just win more and make up for their losses. Either way, giving cashback is a great way for casinos to promote more betting and show appreciation to its regular players.
The cashback can be received mainly in one of two forms: cash and bonus money. If the refunded money is in the form of cash, the player can choose to either withdraw it to cut their losses or play some more to have another hand at their luck. If, however, they receive it as bonus money in their account, they can only use it to play more games.
Rules applicable to cashback bonuses
The most common way cashback bonuses are offered are in the form of small percentages of the total losses accumulated by a player. In certain cases, however, the casino puts a cap on the maximum amount of cashback a player can receive. For example, a player may be offered a cashback of 20% up to ₹50. This means, the casino will give a cashback of 20% of the player’s losses but won’t provide more than ₹50.
Aside from such caps, cashback can have other specific rules attached to them that are worth knowing. Some casinos require players to meet a specific amount of ‘lost money’ before they become eligible for the cashback bonus. Other casinos only count some games towards the counting of those losses. Therefore, it is essential that players comb through the fine print before signing up to get only the best cashback offers.
Receiving the cashback amount can also take some time, anywhere from 24 hours to a few days. But when you do receive your cashback, you can be sure to have a great time.
Casinos offer cashback bonuses to players who have deposited real money and have played real money games at their site. This means that you’ll be eligible for a cashback bonus only after playing for some time.
The majority of online casinos allow players to claim the cashback bonus with their promo codes or by contacting their chosen casinos’ customer support.
This varies from one casino to another. The majority of daily and weekly cashback bonuses are free from wagering requirements while some of them do come with playthrough requirements which tend to be very reasonable.
Just like other online casino bonuses, cashback bonuses vary. However, you can usually expect to get back between 5% and 20% of your losses up to a certain amount of credits as predefined by the casino.