A cashback bonus is just that: it’s money you get back in your online casino account – or it might be credits for play. Online casinos usually award cashback when you have bet money and not won anything over a certain period, and your cashback usually comes as a percentage of what you’ve wagered.Different online casinos do cashback offers differently, so you’ll need to find out about the casino you’re interested in.
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COMMON FEATURES
The cashback amount is a percentage of how much you’ve played and lost. It can be a weekly offer, applied on a special (cashback bonus) day.
You can’t claim cashback on amounts where you’ve used other bonuses or when you have pending withdrawals. There’s often a maximum amount you can claim, and there may be a minimum amount you need to play to claim. It doesn’t count if you win anything during the cashback promo time. The online casino may stipulate a maximum account balance you can have to qualify for the cashback bonus.
HOW DOES A CASHBACK BONUS WORK?
The cashback bonus can be for a single deposit or give you cashback for money played over a period of time. This will often be on a weekly or monthly basis. If you sign up to the cashback program, where you get a 10% cashback bonus, depositing 100 dollars each week will give you 40 dollars back, end of the month or on a set date the next month.
WAGERING REQUIREMENTS
The wagering requirements will vary from casino to casino and depends on the type of cashback bonus you get. If your cashback bonus is given as you have reached a high level in the loyalty program or VIP program, they might be low or non-existent.
Benefits of a Casino Cashback Bonus
- No wagering requirements, always real money
- Not only for new players
- The casino bonus can be used on all casino games
- A guaranteed percentage back on losses