Pros & Cons of Cashback Bonuses
A cashback bonus is a great way for players to get a little bit back. If they place a bet and don't manage to get lucky on it, then the casino compensates the player with cashback, somewhat softening the blow as well as giving players a nice treat to continue to play.
They're also available at a wide range of casino sites and are often given out as part of promotions - so keep an eye out and you'll be likely to find a daily cashback offer to suit you.
A cashback bonus is a way of how players can recover a small percentage of their losses as a sign of goodwill from the casino. The percentage usually ranges from 10-20% and varies from one casino to another, and usually, they have a maximum amount that you can claim back.
Such bonuses are offered either in addition to other bonuses such as welcome bonuses or as a standalone bonus during a particular promotion. Many casinos offer cashback bonuses in their live casino and sport betting sections.
A Worldwide Bonus Offer
It's not only casinos that offer cashback bonuses. Think loyalty cards, VIP program, air miles, reward schemes, you name it - many of them have a similar offer.
The simplicity of a casino's cashback bonus is what makes it so attractive. The person spends an amount and will find a percentage of their money returned if they don’t get the result they were hoping for.
This real cash bonus can either be calculated on the net losses that take place during a predefined period of time or on the losses made on specific deposits. Usually, the cashback bonuses are calculated over a weekly period.
Pros & Cons of Cashback Bonuses
Whether or not you claim any type of bonus is entirely up to you. Every player will have an option to opt-in or out of a bonus, should they feel like it wouldn’t suit their style of playing.
Another reason to accept a cashback bonus is so that it softens the blow of losing out on a couple of unfortunate bets. Although cashback bonuses can be obtained through online casino slots, jackpot slots, they can also be acquired through live dealer games such as poker, online roulette and the popular online blackjack.
If you lost during a particularly unlucky hand, having a cashback bonus as backup means you can try again next week to beat the odds. We've gotten together a few of the pros of cashback bonuses, as we think they're pretty great and we'd like you to know why. Let's see some other pros & cons of this bonus.
- Better returns
- Rewards loyal players
- No wagering requirements
- Simple to benefit from
- Have maximum caps
- Not available in all casinos
No, in most instances there are no wagering requirements to fulfil when accepting a cashback bonus, as these are a bonus being given back to the player after they have already placed bets with the casino. It would be unfair to put wagering requirements on any bonus funds the casino grants the player in return for their losses.
However, these bonuses do generally have a maximum cap, which is the most you will be possible given back as part of the promotion.
To make sure that the casino is a legitimate one with great and trustworthy offers, always check if the casino you wish to play at is in possession of a valid licence by either the Maltese MGA or the popular UKGC, well-known Kahnawake Gambling Commission and so on.
Most modern online casinos offer both a multi-tiered welcome bonus with a smaller cashback amount of money on the side. A welcome bonus usually gives players something for the first deposit, for making an account with the site itself, or the operator gives free spins to get new players interested in a particular game.
It's also a one-time deal and will only be available when a player registers, minimum deposits, and meets the criteria for the bonus. The cashback deals differ from these in how they are formed and how they give players a benefit.