Without a doubt, everyone likes to receive a bonus. Most people have to wait for their once yearly bonuses from their place of work. Wouldn’t it be awesome to receive a bonus whenever you choose? Well, if you’re an online casino player, you might qualify for just such a bonus.
Casino cashback bonuses are becoming more popular with online casinos. Some casinos are even using this type of bonus to replace the more known welcome bonus. Not sure how cashback bonus works? Read on!
You might be an old hand at casino gaming but not too sure how the cashback bonus process works. And, you might also be wondering how you can get in on the action. We’ve compiled a few of the most popular and informative FAQs that’ll give you the insight you need to claim your cashback bonus today!
Simply put, a cashback bonus is an amount of money that the casino gives back to players. In most cases however, it’s only granted to players who play hefty sums of money. Since each online casino is different, it’s important to familiarize yourself with your preferred casino’s criteria for getting a cashback bonus.
The amount of cashback a player receives is a percentage of the player’s losses at that particular casino. It’s not a specific amount for all players. Each player gets a different amount, depending on the amount of money they’ve played. It can vary from 5% to 20%. In short, the more you play the more cashback money you will get back.
You might wonder why casinos would be giving players some of their money back, win or lose. It might even seem counterproductive. But, if you really think about it, it’s actually an innovative way to reward players for their loyalty.
With so many different online casinos available, each one needs to find a way to hold their players’ interest. It’s also a great way for a player to recover some of their losses and to not become disengaged with a casino after a big loss.
Depending on the casino, there might be a few conditions that must be met before pay-out is made. Some casinos may require a minimum withdrawal limit or even a wagering requirement. Again, it’s important to research the conditions that surround your particular casino’s bonus pay out, so you know what to expect, making it easier to manage your gaming budget.
A wager requirement means the cashback bonus must be wagered a certain number of times before it or any winnings can be withdrawn. For example, if you have a 50x wagering requirement, it means you must bet your bonus amount fifty times before you can withdraw it. This applies to the winnings you might qualify for as well.
There are, however, some casinos that offer casino cashback bonuses without any additional wagering. Needless to say, those are our favorites!
If you have to wager your cashback bonus a few times before you can withdraw it, you might be asking yourself if it’s worth it. We have a few reasons why we think it’s definitely worth the effort:
There are a few types of casino cashback bonuses. These include the following:
A casino cashback bonus is a way of recovering some of the money lost if you run into a few bad hands. Having a cashback bonus as a back-up could increase your chances for the next game. Choose a casino that pays out without requiring additional wagering. This will ensure you can withdraw your casino cashback bonus when you want to and use it for anything you choose!