What is Cashback Bonuses
Cashback bonuses are a gift from online casinos to their players. The principle is simple: when you suffer losses during your gaming sessions, the site can offer you the possibility of repaying you a certain percentage of the losses incurred. Because we all have the right to a second chance! Of course, these bonuses do not come without conditions. Each casino has its own conditions regarding cash back bonuses, so it is important to be well informed beforehand.
If there is one thing that we gamblers love about online casinos, it's bonuses and promotions! Bonuses are at the center of gambling gameplay, giving players more chances to receive attractive winnings and have the most entertaining gaming experience possible.
Casinos offer it often, and in several forms, to encourage players to register with them and stay there. Among the multitude of bonuses that exist, we find the cashback bonus. One of the favorites of online players, this bonus allows you to recover part of your gaming losses. The cashback bonus, therefore, makes it possible to alleviate the frustrations linked to losses and to recover faster in order to be able to continue playing.
Stay on this page to find out all about the cashback bonus: how it works, the conditions to get it, and finally answers to frequently asked questions.
How it works
The cashback bonus is one of the simplest bonuses. When you suffer losses of money on a game turn, the cashback bonus allows you to recover some of these losses. "Cashback" is an English term that literally translates to "return of the pennies", so the idea is that of a refund.
The idea is to give the player a second chance, as this bonus allows them to play a second time, almost as if they haven't lost. The cashback bonus is indicated as a percentage, which therefore indicates the percentage of your total losses that you will be able to recover.
Either the money lost can only be used to re-bet, so it comes back in the form of credits, or the sum goes back to the player's account in the form of money and can be withdrawn, but this is rarer. At some online casinos, players can withdraw the cashback bonus money, but not until they have wagered a certain number of times before. Indeed, these are the famous wagering conditions that exist at any online casino, which impose a minimum number of bets to be made before being able to withdraw the bonus money. For example, at some casinos, you must have wagered the entire cashback balance before you can withdraw the winnings obtained through this bonus. You should also know that the cashback bonus is sometimes reserved for a single type of game, such as slot machines. Very often, we see at online casinos that the cashback bonus is reserved for slot machines, even if at others the bonus is reserved for table games. There are online casinos that offer this bonus for any type of game, but not the majority.
Another important point to know is that the cashback bonus is not available all the time. Indeed, this type of bonus is very variable over time, and it depends on the online casino. Either the bonus will be offered on a weekly basis, or once a month, or only at the time of particular events. Quite often the cashback bonus is part of the prizes offered to players who level up in loyalty programs, with the percentages of the cashback increasing as you move up the ranks.