A cashback bonus is a common type of casino bonus. Unlike regular bonuses that are credited upfront, cashback bonuses are awarded after a specified time period, based on the player’s net loss during that time. Therefore, cashback can be considered a refund, where you get a certain percentage of your net loss back.
These bonuses therefore offer some sort of safety net. Losing is part of the game, but a cashback bonus ensures that you get some of your money back. Hence, you can continue playing, and get a second chance at winning. However, it’s important to note that they have certain terms and limitations.
What is a Cashback Bonus?
A cashback bonus is a refund granted to players after they’ve lost real money in casino games. The bonus percentage varies greatly and can be anything from a few to several dozen percent. A 10% cashback means that you will get a 10% refund on your net loss. If you bet €500 and lose the entire amount, you will receive €50 as a cashback bonus.
Most cashback are game-specific, meaning only certain game types qualify. For example, some cashback offers might only be applicable to live games. For these bonuses, only net loss on live casino games is taken into account when determining the cashback amount. It’s also important to note that most cashback bonuses have wagering requirements which have to be met within a certain time frame.
Difference between cashback and a regular casino bonus
The main difference between this kind of reward and a regular casino bonus lies in the timing. Whereas a regular casino bonus is rewarded before you start playing, a cashback bonus is credited afterwards. Instead of getting extra money to play with, you need to spend your own money to get the bonus. Cashback bonuses also require you to lose real money, as the bonus amount is calculated based on your net loss.
Pros and Cons of Cashback Bonuses
There are both pros and cons of cashback bonuses. On one hand they offer a safety net, in that you’re guaranteed a refund after losing. This ensures that you never go completely broke, and you can continue to play even though your luck has run out. Depending on the cashback percentage and bet amount, you can get a significant refund.
However, it’s important to remember that these bonuses require you to lose. If you win, you get nothing, and if you lose you only get some of your money back. Given the fact that most cashback bonuses are at around 10 or 15%, the bonus amount is always quite insignificant compared to the money you spent from your own pocket.
Frequently Asked Questions
Cashback is a casino bonus which gives you a partial refund on your net loss over a specified period of time, for example a weekend or a week. Unlike regular bonuses which are credited before you start playing, cashback bonuses are awarded afterwards.
Cashback offers vary vastly from one casino to the other, but you can generally expect to get around 10 to 15% of your net loss.
To get cashback you first need to find an online casino that offers cashback to its players. Then you need to lose real money on qualifying games. Some cashback offers are for VIP members only, so please check what terms apply at your chosen casino.
Cashback bonuses are often credited automatically, often once a week. The bonus amount is determined based on your net loss, which is calculated by subtracting your total winnings from the total amount wagered.