Online casinos have some very nice offers they give to players. Mobile online casino cashback bonuses account for one of the core reasons players love to play their games at casinos and why they keep visiting. There are bonuses, and there are promotions; both come in different ways and types.
One of the bonus offers at casinos is known as a cashback bonus. It is one of those that are looked out for because players cover their losses with it. So, what are cashback bonuses, why do casinos give them? what are the eligibility requirements to qualify for this offer? These and more will you get to know in this article.
What is Casino Cashback Bonus?
These offers are a means to attract players, especially new players, to use the casino and make old payers continue playing (like a reward of their loyalty to the casino). Therefore, it is a bonus percentage given back to players to cover their losses on stakes over some time.
This percentage is given back in cash to the player. It is given only on net losses and not on the whole amount you bet on or have played games with overtime. It is usually between the percentage of 5% and 25%, which depends on the casino offering the bonus. The bonus is often given in cash that must be used to replay; most casinos do not give it in withdrawal able cash, although very few do.
So, in this vein, casino games with cashback bonuses can be used on the casino or withdrawn. There is no limit to the casino games that can get you a cashback offer. You may be playing slot games (like Mega Moolah, Valley of Gods, Dead Pool, Book of the dead), video poker, table games (like craps, roulette, baccarat, blackjack, etc.), sports (like American football, cricket, hockey, tennis, basketball), name it. As long as there is a cashback offer on the site, you can get it irrespective of game types.
How Does Cashback Bonus Works?
A cashback bonus is of different types, but they all work the same way. They all give back a percentage of your losses in the session of your games. These will then be credited back into your account. Calculating the net loss varies according to casinos. It all depends on what the casino wants to offer you. For some, it is the percentage of your losses on a particular game. It is the percentage of your losses over a week. The most uncommon of it is giving back your net losses on your total wagering in a month.
Let’s say, for example, a casino is offering a 20% cash back bonus on net loss in a day. If you stake with $100 and lose all, you get a refund of $20 back into your account. Note that it only works when you lose your money. If you made some profit on $100, you are not eligible for a bonus. Maybe the cashback offer is only on a particular game, let’s say Baccarat. You played the baccarat with $50, and you lose all, the percentage of net loss will be credited into your account. Note that the offer is only for those who play baccarat in this case. In all of these, casino bonuses are usually limited. It is not something you can keep getting forever. A casino may put a limit like 20% up to $400. When you reach the limit, you stop qualifying for the offers even if they are available.
How to Get Casino Cashback Bonus
Getting a cashback bonus is one thing; knowing how to claim it is another. Most casinos, however, have almost the same method of claiming these bonuses. Claiming this offer is easy. All you need to do is follow the instructions they give plus the terms and conditions. If after that you have any issues, do not hesitate to get in touch with the customer support of the casino. Then, check these few steps out.
- The first step is picking a casino, meaning that you should look for a casino that offers cashback bonuses.
- Check the terms and conditions of this bonus, and pay attention to it. Be sure they are what you want and can cope with. In other words, be sure that you agree with them,
- Fund your account and go for the bonus offer.
- There might be codes for online casino cashback bonuses on the site you need to use.
- Play your games. If the offer is only for a particular game, go for the game.
- If you lose and your time is up, check your account, and you should have your bonus already.
The Best Online Casino Cashback Bonuses
There are different types of these bonuses, of course, each representing different games, different elements. Some new online casino cashback bonuses are for new players. Some are a means of reward for old players, some are on net losses alone. Right there, whenever you want to apply for any of these bonuses, always make sure to read the terms and conditions first. Now, let’s take a look at the most common types.
Welcome Cashback Bonus
Welcome bonus is like a sign-up cashback offer you get once you make your first deposit on a casino. It is one of the biggest online casinos cashback bonuses you can find out there. It is close to matched deposits; you get a percentage of the money you deposit back. So, in this case, you are not getting what you lost back, but you are getting what you deposited provided you meet the terms and conditions. The good thing is that, unlike matched deposit bonuses, this type of bonus does not ask for wagering requirements before withdrawals can be made.
Net Loss Cashback Bonus
Net loss is the most common type of cashback you can come across on any online casino. You get a certain percentage of your losses back on your total wager in a week or a month. This net loss percentage is given according to the casino type, but it is usually between 5 to 20%. It also comes periodically; it can be time-specific. For example, offers may be are available on a Thursday only or a Friday between 1 pm and 5 pm. It is percentage specific; that is why you see something like 10% of $200, stating how much you can get in total.
The Best Cashback Casinos
Here is a list of the best cashback casinos you can find online:
- 7Bit Casino
- Malina Casino
- Evolve Casino
- Slotty Vegas
- Slotty Slots
- Leo Vegas
- Fortune Jack
- Kaiser Slots
- Fun Casino
- 777baY Casino
- Crazy Fox Casino
- Vesper Casino
- FairSpin Casino
- Aurum Palace
- Casino Tropez
Cashback Bonus Terms and Conditions
Terms and conditions are those rules that need to be followed or agreed with to be eligible for this bonus or even any type of bonus. It is not static, and it varies according to casinos. Note it has been repeated in this article, and this emphasis is laid because players need to meet these requirements, understand them. Understanding T&C’s will save you much stress and disappointments before applying for any bonus and promotions.
A casino cashback bonus is peculiar to some online casinos. You can look out for them online or even check out the ones that have been aforementioned here. It is always exciting to receive some amount of the real money lost on a bet back. Losing money on gambling is usually disappointing, and that is what makes these bonuses relevant. It is like a saviour in times of need. There are fake cashback online, and you need to be careful when looking out. Keep it at the back of your mind that this type of bonus does not have any wagering requirement. If you ever see a bonus type parading as a cashback and requiring you to wager a 5x or 10x before you get your cash, know that it is not real.