Casino games are all about luck, even those that require certain skills. And, since luck is a changeable state, you can never tell whether the next round will be winning or losing. A winning streak may be followed by a series of losses and if you don’t manage your bankroll, you may end up losing more money than you have won. One of the forms online casino incentives may come in is so-called cashback. This type of bonus is based on losses and provides players with an opportunity to recover some of their lost funds. If you are interested in the concept of cashback casinos and you want to know how they work, you have come to the right place.
What Is Cashback Casino?
A cashback casino is a gambling site where you can benefit from a cashback programme. To put it simply, a cashback bonus is a refund the player can receive if their bet has ended in a loss. While most online casinos offer deposit-based welcome bonuses, at cashback casinos, you can start receiving refunds on your losing wagers from the get-go.
Some cashback casinos have ongoing cashback offers or refunds offered on a weekly or monthly basis. Bonus terms and conditions vary from casino to casino, meaning that each operator will have its own set of rules, including percentages, wagering requirements and more. The best deal would be to claim cashback with no wagering requirements at all.
How to Sign up with Cashback Casino?
There is no difference in the registration process between a cashback and regular online casino. Once you click on the Sign Up button, you will be asked to enter your details, like name, address, phone number, email, date of birth and gender. Complete the procedure by accepting the terms and conditions and verify your account to start playing your favourite casino games.
Be Aware: Cashback bonuses are paid on net losses, but you should still play responsibly without risking more than you can afford.
Cashback Bonus Explained
As we have mentioned earlier, each operator sets its bonus terms and conditions, and cashback offers are no exception. Some casinos offer cashback bonuses right after you have signed up and started playing with real money. Others offer cashback as a promotion or within its loyalty scheme. All these offers have one thing in common: you will get a portion of the real money wagers you have lost back.
A percentage will typically go up to 25%, and it will be based on your net losses generated from real money bets. If the cashback is offered as a limited-time offer, the cashback will be based on losses made within this period only. At some casinos, cashback may be an ongoing offer, meaning that you can claim a share of your losses anytime you meet the requirements. Speaking of requirements, there may be a bit overwhelming, so make sure to read and understand the terms and conditions that apply on cashback bonuses.
Cashback Bonus Terms and Conditions
Under the terms and conditions section, you will find all the information regarding cashback deal. Look up for the details on the minimum amount that qualifies you for cashback, whether there are wagering requirements and how to meet them as well as how much time you have to complete the playthrough. Some operators require you to lose a whole deposit to qualify for cashback, so make sure to learn all the details before you claim this offer.
Recommendation: Wager free cashback is the best deal you can get as in this case you receive a portion of your wagers in cold, hard cash.
How to Choose a Cashback Casino?
When choosing a cashback casino, you should pay attention to all the aspects like with regular ones. First of all, the gambling site should be licensed by a reputable regulatory body which guarantees that the operator complies with the regulations. Furthermore, it should offer a full range of casino games supplied by the leading software providers.
Check supported banking options and currencies and whether 24/7 customer support is provided. Cashback casinos worth your time and money will allow you to make transactions in different currencies, including cryptocurrencies, and through various payment methods that are safe and cost-effective. Customer support should be available through live chat, email and phone.
Last but not least, these casinos should offer other types of bonus and promotions as well. They can include match bonuses, free spins, slot tournaments and more. Whichever of these you want to make use of, make sure to study the terms and conditions.
Now that you are familiar with the concept of cashback casinos, here are a few tips to enjoy your stay at them to the fullest.
- Join only fully regulated and licensed cashback casinos.
- Learn all about cashback offers before you claim them.
- Get to know casino games before you start playing them.
- Manage your bankroll.
- Know when to stop.
Cashback cannot recover your losses in entirety, so you still have to play responsibly. Here are the things to avoid:
- Don’t join cashback casinos without a valid license issued by a reputable gaming authority.
- Don’t claim cashback if you are not familiar with its terms and conditions.
- Don’t chase losses and risk more than you can afford.
- Don’t claim bonuses with high wagering requirements.
- Don’t play casino games before you learn the ropes.
Why Join Cashback Casinos?
Although we all hope that we will win while playing casino games, sometimes Lady Luck may not favour us in the end, and we can lose our hard-earned money. Cashback casinos provide you with an opportunity to get some of your lost money back, which is the biggest advantage of joining them. However, even if these refunds come in cold, hard cash, you should not exceed your bankroll and risk more than you can afford. Play responsibly and make use of cashback offers to recover your losses when needed.