An online casino cashback bonus is a type of bonus that brings a large number of players, but what exactly is a cashback casino bonus? Well, as the name might suggest, cashback is a term that refers to the refund players will get back from a losing stake. This term is used at land-based and online casinos; the cashback bonus is usually found at an online casino. Whenever you place a wager, and you end up losing, then a small proportion would go into your cashback account. Then after a period of time, either being a week or a month, depending on the casino’s terms and conditions, you will then be able to withdraw the accumulated money into your casino account to continue playing.
An important thing to note down is that there are differences in the amount you will be offered that varies from casino to casino. It can also depend on the type of game that you’re playing as well. Normally, putting a stake on blackjack will give you a larger cashback than playing a slot game. There may also be wagering requirements when using a cashback bonus, so make to read the bonus terms before playing.
How to Find the Best Casino Cashback Offers
Cashback bonuses are some of the best rewards you can get to recoup some of the losses from a gaming session. It can be compared to getting insurance; a cashback offer allows you to get back a percentage of the cash that you have put down as a deposit in the casino.
So let us put some context into a cashback bonus. You are playing your favorite online casino games and wagering $100 of real money in an evening. You will either have won a large amount of cash or have lost the cash you put in as a deposit. In the latter of those outcomes. the online casino site will offer you a percentage of your loss as a cashback to reduce the amount you have lost. This is the casino cashback bonus.
As we have mentioned, this online casino bonus does vary in size/ Some will start at a low percentage like 5-10%, but they can have a range up to 20%. This is one of the best online casino bonuses as it can help you cover some of the losses from gambling. Which will you keep you spinning that online slot or playing one of your favourite card games.
How Do Cashback Offers Work?
This type of bonus is usually given to players in real cash or bonuses over a period of time that will refund a casino player a certain amount of money. Casino cashback bonuses can be a part of a loyalty program, deposit offers or for VIP players.
Cashback offers vary from game to game and from casino to casino. The most common form of casino cashback is a specific sum calculated over a time period and credited to a players’ account. For example, if the cashback percentage is 10% from a deposit loss of $100, the maximum cashback would be $10.
Are Online Casino Cashback Offers Legal?
They are, indeed. However, you should always double-check to see if the casino is a licensed cashback casino. The local Gambling Commission of the US-State you are living in should grant it a licence. It’s worth noting that all of the casinos we’ve listed have the necessary licences to operate in the United States. So go ahead and check in at any of them.
Recap of the Pros and Cons of Online Casino Cashback Offers
- It is insurance against heavy losses
- No or very low wagering requirement
- Instant withdrawal
- The return is usually a small amount
- Most of the time, it is a first deposit offer
You will find the best casino cashback offers in the US by looking at our best online casinos. The best casino cashback offers have a relatively high percentage refund on your net losses and provide a quick and easy payment structure.
You will need to opt into the bonus at a trusted online casino. If it is a welcome bonus, you need to activate it once you sign up, and then you will have to fulfil the terms and conditions attached to get it paid out.
There are four main types of casino cashback bonuses. The bonus could be a part of the welcome offer for a loyal player, a specific promo or bonus spins.