Some online casinos are very creative about attracting new players and retaining the old ones. As a rule, their creativity is not just about web site design, it is about different promos and bonus programs (loyalty programs), with the main goal is to keep users within the facility as long as possible. Well thought-out bonuses without a doubt are doing the job they’re supposed to. Essentially online casino bonuses play a role of some kind of gratitude from online casinos to users for choosing the facility for entertainment. The number of bonuses, their size and attractiveness for users vary from one casino to another. As practice shows one of the most attractive bonuses for users are bonuses in the form of a return of a certain part of the lost funds. They are so-called cashback bonuses.
Cash back term isn’t new and it wasn’t invented by online casinos. Many banks offer bank credit card owners special cashback bonuses for using these cards to pay for goods and services; that, in turn, becomes a nice motivation for us to use these cards. Cash back bonuses in online casinos work on the same principle. So what is cashback bonuses at online casinos?
Online casino cashback programs are the most rare bonus formats. Sometimes they are also called insurance bonuses.
In general, we should notice the key moment here: cashback bonuses from online casinos are not the way to become rich, this is one of the ways to 'insure' your bankroll and help to restore it in case you lose some money. It is always pleasant to get cashback, especially if it is credited automatically and has no wagering requirements. If you played at online casinos earlier, you should know how pleasant it is to get a certain percentage of funds lost back to your account after an unlucky playing session/week.
As you can see from the definition, these bonuses are designed to prolong the gaming process of the user, so they will be perfect for those who don’t want to make deposits to the casino too often, but at the same time are willing to prolong their playing process and their bankroll for the game for a longer period of time.
As many other internet casino bonuses and methods of attracting the players, cashback bonuses came to online world from live/land based casinos. This is not surprising as land based casinos have been developing for ages, while online gambling industry is only several decades old. Land based casinos present rewards in the form of special points, that visitors can spend for food, better service level, accommodation and so on.
The size of cashback rewards at internet casinos directly depends on player’s activity before the actual bonus was claimed. In other words, player doesn’t need to make a deposit to receive this bonus as the deposit was made earlier and bonus is credited depending on how much the user lost and/or how much total bets he made in a certain period of time. This is the main difference between cashback bonuses and welcome casino bonuses, reload bonuses, no deposit casino bonuses and others that need to be wagered later by making bets.
This type of bonus is rather popular among online gambling enthusiasts.
The most common type of online casino cash-back bonuses is the one based on total losses.
Casino cash back based on general losses (net losses cashback) supposes that users receive the percentage of the money lost. Here is a simple example: a player made a $100 deposit to the casino with offered 15% net losses cashback. Player made $500 in bets, but had only $70 on his account by the end of the gaming session. The player will get cashback of (100-70)*0,15=$4.5 for this playing day. As you can see, only net losses are taken into account here, not the amount of money played.
From time to time one could get into casino, which credits this bonus depending on total size of deposits of the player, or on the expected profit of the facility. In these cases, as a rule, some specific formulas for counting cashback rewards are used.
As a rule, only deposits with no additional bonuses on them (first deposit bonuses, reload bonuses and so on) are taken into account for crediting cashback bonuses.
Cash back bonuses parameters:
Cash back casino bonuses allow players decrease the risks as in case he loses, the user gets a certain percentage of money back. If the luck wasn’t on your side lately, cashback bonus is able to give you one more chance to try it again.
In some cases, cashback bonuses are implemented into casino loyalty programs: for every bet made player receives a certain number of points, that could be exchanged for cash in the future.
These bonuses don’t exist in every online casino. In the section of the site you can find a list of cashback bonuses/offers from the reliable casinos. More info about cashback bonuses can be found in detailed descriptions of every bonus.
Also pay attention to wagering requirements of these bonuses: some casinos have no wagering requirements for these bonuses, the others, however, ask you to wager it, and the wagers differ.
All the casino bonuses have their terms and conditions on getting and wagering them. We strongly recommend you to learn all the rules for all the bonuses in casinos you’re planning to gamble at in order to prevent confusions and misunderstandings. For instance, cashback bonuses are usually not credited for playing Blackjack.
Then you have to choose online casino, where these bonuses are offered. Then find terms and conditions for getting cashback rewards in this casino and get to know them, as there are some tricky conditions. Some casinos require confirmation for getting cashback bonuses, so the player needs to confirm he wants to use this bonus, though the bonuses are credited automatically in most cases.
It depends on the casino. Some casino pay cashback on daily basis, the others - on monthly, but the most common payout system is one time a week.
Some casinos have these bonuses in the forms of special promotions, which are valid for a certain period of time, other casinos have this offer as a standard promotion for all the players. This section has cash back offers from the reliable online casinos with cashback paid regularly.
The major cashback advantage for the player is in opportunity to have one more shot to win big almost for free (as cashback in most cases is paid from the money lost). The cashback advantage for the online facility is in motivation for the players to keep playing in their facility.