Explained: Cashback Casino Bonuses
There's no doubting that cashback promotions are some of the most attractive in the gambling world, giving even the most unfortunate players a welcome boost to their finances.
But what exactly are bonuses of this type and how are they claimed? Keep reading to find out the answers to these questions and more...
What are Cashback Casino Bonuses?
A promo of this type is exceptionally popular with online gamblers. Essentially, you'll be given back a percentage of any money lost over a certain time period, therefore softening the blow of a hard day at the slots or tables.
Here's an example: imagine you lost $50 playing roulette but had opted in to a 10% cashback promo. This would mean you'd get back 10% of your losses, which would be $5.
What Terms and Conditions Should I Watch Out For?
There are a few things to look for, and the first is which games qualify for the promotion. A site might only offer cashback on blackjack losses, for example - hardly great if you're a fan of slot machines instead.
Wagering requirements must also be considered. While some sites give real money cashback, others will grant it in bonus money. If this is the case, you need to know how many times the money needs wagering before anything can be withdrawn.
Finally, look for any cap on returned money. Some sites will specify that you can only earn up to a certain amount, so it makes no sense to exceed that cap, especially if a similar promo can be found at a different online casino.
Claiming an Online Cashback Casino Bonus
How exactly do you claim an offer of this type? Just follow the step-by-step instructions below...
- Check to see if the promo requires a code.
- If so, input the code when prompted. This is usually when depositing money.
- Play your favourite games, providing they're included within the offer.
- As you play, the site will calculate losses and track how much money you're owed.
- You'll then get money added to your casino account when the promotion ends.
If you ever have any problems when claiming a promotion of this type - or, indeed, any other promotion - you should get in touch with the customer support team.
Why Do Gambling Sites Offer This Promo Type?
Quite simply, an offer of this type is a win-win for the gambling site. If you win some money, they won't have to pay you anything, however, if you lose money, they'll still be making a nice profit. So, if they believe it will drive more customers to gamble at their site, it makes complete business sense.
You also have to remember that the online gambling world is exceptionally crowded, so sites must do everything they can to stand out from the crowd. This means not just offering standard first deposit promotions and free spins, but also offering something extra too, like some juicy cashback.