A Guide to Online Casinos Cashback Bonuses
There’s no doubt that the online gambling industry is rapidly growing. That is why online casinos try every marketing strategy to attract customers. And one of the common strategies they use is offering casino bonuses and casino promotions to their customers.
One of the common casino bonuses online casinos offer is the cashback bonus. Cashback bonuses attract many gamblers as they enable them to receive part of their wagers back when they lose their bets. Below is a comprehensive guide on everything there is to know about Cashback casino bonuses.
- What Are Cashback Casino Bonuses and How Do They Work?
As mentioned earlier, cashback casino bonuses enable gamblers to recover part of their initial bet amounts if they lose (although some online casinos allow gamblers to benefit from cashback casino bonuses even when they win their bets).
So, when a gambler qualifies for a cashback bonus, they will receive part of their original wager amount and can withdraw it when they meet the requirements. These requirements may vary from one casino to another. Gamblers can compare them easily thanks to the help of casino review sites like for example emirates online casino.
Usually, there are two types of cashback bonuses that online casinos offer; the single-deposit cashback bonus and the total bet cashback bonus.
With single-deposit cashback bonuses, individuals benefit from the bonus with every bet they place (of course, for a specific period). So, an online casino can offer a 5% cashback bonus on every wager they place if they lose.
With total bet cashback bonuses, gamblers benefit from the bonus on total bets they’ve lost over a specific period. For instance, an online casino can offer cashback bonuses on a particular amount of bets wagered over a specified period. So, gamblers can qualify for a cashback bonus if they spend a specific amount on bets over a specified period.
2. Types of Cashback Casino Bonuses
Typically, online casinos offer cashback bonuses under the common casino bonus categories. The most common one is the welcome bonus. Contrary to what many sources claim, many online casinos offer cashback bonuses as welcome bonuses for new customers.
Online casinos offer cashback bonuses as welcome bonuses to encourage new customers to continue gambling on their platforms. So, an online casino can offer a 100% cashback bonus on a gambler’s first deposit on their website. This means the individual can receive 100% of their deposit back if they lose their bets.
However, most online casinos offer this welcome cashback bonus up to a specific maximum amount. And even if a gambler deposits more than that specific amount, the cashback bonus will still apply to the maximum amount the casino indicated.
Another common casino bonus category online casinos can offer cashback bonuses is the reload bonus. A casino reload bonus is a bonus offered to players who’ve already deposited money in the online casino in the past. This bonus is a way for online casinos to reward their existing and active customers, encouraging them to play more on their platforms.
Online casino platforms can offer cashback bonuses as their reload bonuses. For instance, a casino can offer a 30% reload bonus to gamblers who deposit a specific amount to their accounts.
3. Do Cashback Bonuses Have Wagering Requirements?
Casino promotions and bonuses often have wagering requirements, and cashback bonuses are no exception. Most online casino websites have wagering requirements for cashback bonuses that gamblers must meet before claiming.
For instance, an online casino may require gamblers to deposit a specific amount to their accounts before qualifying for a cashback bonus. A casino platform may also offer cashback bonuses to existing customers or as part of their VIP program benefits.
An online casino may also require gamblers to play specific casino games before they can qualify for a cashback bonus. Moreover, almost all online casino websites have a time limit on their cashback bonuses, meaning gamblers have a specific time limit to utilize them.
It’s important to remember that these wagering requirements vary from one online casino to another. So, individuals have to read the casino’s terms and conditions section and go through it to understand how its casino promotions and bonuses, in general, work.
4. How to Redeem Cashback Bonuses
Usually, there are two ways gamblers can redeem their cashback bonuses. Some online casino platforms automatically credit the cashback bonuses to their customers’ accounts, and they can redeem or utilize them once they meet the wagering requirements. Other online casino websites give their customers promo codes they can use to redeem their cashback bonuses.
Online casino platforms know too well how frustrating it is for gamblers when they lose their bets. That is why they offer cashback bonuses to enable their customers to regain some money even if they have lost their bets. However, like other casino promotions and bonuses, individuals should go through a casino’s cashback bonus wagering requirements to determine if it’s the right bonus for them.