How Cashback Online Bonuses Work
All online casinos offer several bonuses to help players increase their chances of winning. There are the match deposit bonus, no cash deposit bonus, or the cashback bonus, also known as a 'win-win' cashback bonus. If you have a net loss over a period of time and get a cashback bonus offer on these losses, you've won a bonus! If you actually had a net win on your play, then you've already won! It's a 'win-win'! Remember, all three help increase one’s chances of winning as these bonuses let players enjoy real money games without necessarily having to spend more money.
The match deposit bonus lets players increase their deposits by a specified percentage. For example, a player who is eligible for a 100% match deposit bonus and makes a deposit of $50 will have $100 in his or her account. On the other hand, the no cash deposit lets gamblers play real money casino games without making a deposit. For example, a player who makes use of the $20 no cash deposit bonus can use the said amount to play real money games.
The cashback online casino bonus also allows players to play more games without shelling out more money. Many players look forward to this kind of reward as it lets them recover a particular portion of their losses from real money games played.
Online casinos offer this bonus by guaranteeing a specified percentage of losses that will be credited back to the player’s account over a pre-defined period on a specific game or type of game. This is why this bonus is often referred to as the win-win online bonus as players get to ‘win’ back a portion of their money used for betting. For example, an online gambling site offers a win-win online bonus of 30% of all the losses of the previous week. This means a player who lost 100 dollars will get 30 dollars back to his or her account.
A Unique Characteristic
Unlike other bonuses such as the match deposit bonus, the cashback bonus does not normally have a wagering requirement. Other bonuses require players to wager certain times to receive the winnings from playing the bonus amount. However, the cashback bonus usually does not require such. This characteristic of the cashback bonus lets player takes advantage of this incentive easily. Be sure to check your casino's cashback bonus terms and conditions to be certain.
Casino Cashback Bonus Offers
Most online casinos give out the cashback casino bonus as part of their rewards for their most loyal players. Gamblers must merely look at the promotions page on an online gambling site to know whether the casino indeed offers this generous bonus.
Online casinos vary in the way they offer the win-win online bonus as some hand out this bonus on a particular day, weekly or monthly. For example, one online casino will offer a 30% cashback bonus as a midweek bonus or on Wednesday. This means that the player who lost $20 on bets on Wednesday will get $6 back on his or her account, which is 30% of the $20 loss. Gamblers who play on Thursdays may not receive the cashback incentive since the bonus is only offered the previous day.
Other online gambling sites may choose to offer the bonus as a once a month incentive. This means that a player will get the credit back the following month. For example, a player who avails of a 20% monthly cashback bonus and lost $100 will receive a credit of $20 the next month.
How To Get The Credit
It is essential for players to take the time to read the terms and conditions of the cashback bonus offerings. After all, the mechanics of the cashback bonus varies from one online casino to the other. Some online casinos would automatically credit back the amount to the players’ accounts. On the other hand, other gambling sites require the players to get in touch with the customer service to get the credits to their accounts.
Games Covered
The games covered by the casino cashback incentive are also different from one site to another. For example, one online casino may offer the win-win bonus for a particular game, like a slot game, but is not available for play on other games. This means losses from table games will not be qualified for a cashback.
VIP Membership Level Matters
Online casinos love rewarding their loyal patrons through their VIP club, which usually have several tiers. Membership to a particular level may matter when it comes to getting higher casino cashback bonuses. Many sites offer higher cashback percentage to players who are in the higher tiers of the VIP club. For example, an online casino that has five membership levels, which has gold as the lowest and platinum as the highest may offer a 20 percent cash back for gold members and a 50 percent cash back for platinum members.
Additionally, online casinos may also to provide more frequent cashback bonuses to higher tier members.
Take Advantage of the Great Cashback Bonus
The casino Cashback Bonus indeed increases a player’s chances of winning by minimizing the losses of players through credit back. No wonder many casino lovers look forward to such a bonus offer. Just remember to read and understand how a particular win-win online bonus offering works to make the most out of this reward.