Cashback Casino Bonuses
A cashback bonus is one of the several types of bonuses offered by online casinos to keep their gaming customers happy and encourage them to play for real money. Cashback bonuses, however, are different from all the other types of bonuses offered at online casinos because they are offered as percentages of losses incurred by playing real money games.
This means that players do not need to make a deposit in order to claim them because they are not offered as percentages of deposits made. However, players must note that some online casinos might require players to make a deposit to get qualified to receive a cashback offer.
Cashback bonuses are, therefore, almost synonymous with risk-free wagering. They encourage players to spend real money on the online casino games, assuring them that, if they win, they can collect their winnings, and if they lose, they will get part of the money lost as a cash back. In either case, players emerge as the winners.
Cash Back Bonuses Explained
Cashback bonuses are offered as percentages of the money lost by players in wagering activities over a period of time specified by the casino; it could be a week, a month, or an entire festive season. Online casinos also limit the number of money players can claim as cash back.
If Casino A says that it offers a cashback bonus of 20 percent on all wagering losses during the first week of January up to $100, players can claim as much as $100 as a cash back. In this case, if a player loses $100 during the first week of January, he/she can claim $20 as a cash back.
Cashback bonuses reduce the pain of losing one’s hard-earned money at online casinos; that’s why they are offered. Besides reducing the pain of loss, they also encourage the player to play real money games and continue playing at the casino.
However, there are different types of cashback bonuses that players can claim at cashback bonus casinos. Some casinos limit such offers only to their VIP players, while others offer cashback bonuses to all players. At the same time, players must note that not all casinos offer cashback bonuses, while some offer them as parts of promotions or festive offers.
Cash Back Bonus Terms and Conditions
Before claiming casino cashback bonuses, players must check out all the bonus terms and conditions, which vary as per the cashback offer, the casino gaming software, and the casino policies.
Most cashback bonus casinos require players to play through their cashback bonus a specific number of times within a specified deadline before permitting them to withdraw it. Players might also need to maintain the specified balance in their casino gaming accounts to claim cashback bonuses.