Get Another Chance for Free with Casino Cashback Bonuses!
Different types of bonuses can be claimed at the best online casinos nowadays. Deposit bonuses are by far the most popular, and they can start from the very first payment. Another commonly offered type of reward is cashback, which is not directly based on your deposited amount. This bonus is meant to provide another chance at winning after suffering a loss, and it can be used to turn the tide in your favour after a losing streak.
Cashback bonuses can be found at top casinos online, and we will present every detail that you need to know before claiming such promotional offers.
In short, a cashback bonus is an offer that can be claimed at some online casinos when playing for real money. Unlike common reload bonuses, cashback deals are calculated based on the net amount of money lost within a specified period.
For example, you deposit and play your favourite games, and you end up losing €200 in one day. While Lady Luck wasn’t on your side, you can still get a chance to turn everything around with a cashback deal. The operator offers 10% back on net losses so you get €20 for free that can be used to build up your bankroll again.
In the same scenario mentioned above, if you play and win €200, you will not be eligible for cashback bonuses. The rate depends on the casino, and cashback offers can range from 5% to over 25% in some cases. This also applies to the period and the games eligible for cashback. While some casinos have bonuses for losses on a few games in a particular day, other sites can offer cashback for an entire month across all games in the collection. The basic concept remains the same.
Claiming bonuses is very easy nowadays, and it is usually enough to play at an online casino to benefit from the available promotions. However, to make sure that you are eligible for the deals, we recommend reading the details found on the site. Some cashback offers require players to opt-in first and then bet for the results to be taken into account.
Many online casinos also have real money cashback bonuses as part of their loyalty programs, and the rates improve as you climb up the levels. The more you play, the bigger the offers and so the more free money you get.
While cashback bonuses are different from the standard top-up options, they still come with wagering requirements. The good news is that these are generally much smaller. You can even get cashback deals where you only have to use the bonus funds once to clear the amount. The general playthrough requirement, however, is of around 10x, which is still very reasonable.
You should check the bonus terms to see what the rate is and what games can be played with the cashback amount received. Most promotions are focused on slots so if you like spinning the reels; you can find quite a few bonuses to fit your playing style.
When it comes to casino bonuses, there are different offers for different types of players, and it can sometimes be better to opt out of the promotion if it doesn’t suit your needs. However, cashback bonuses are great for all eligible players, and there is no reason to avoid taking advantage of such a deal since it applies to losses. You already lost so why not have something extra and potentially profit from a free second chance? This time, things can go the other way, and you can win back your losses.
The wagering requirement is usually so low that it isn’t even an issue given the fact that the goal is to build back the starting bankroll.
In conclusion, although cashback bonuses are not the most significant offers you can get at an online casino, they can be beneficial and act as a small parachute just in case things don’t go your way.