If you are new to online casinos and interested to learn more before diving into the gambling world, here is the tidbit. Online casinos now offer cashback in the form of real cash, free spins even bonus funds. These funds are directly credited to the player’s account before the next spin as an incentive to play more games.
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Casino Cashback Offers Explained
This is how casino cashback works. It rewards the players for depositing or winning in the form of real cash credited to his or her account. There is also a rebate program in case of loss. This will help the player to play without breaks. For instance, with this offer you can be eligible for a certain amount of money, say 10% or 20%. So for every $100 deposit, you will get $10 or $20 back respectively. Similarly, if you lose $100, your account will be credited with $5 or $10 depending on the rebate percent.
Cashback with Real Money
Online casino offering cashback in the form of real money is rare but happens on occasions. When there is a cashback offer like this, the hard cash is directly deposited to your account based upon the agreed terms. This money can be withdrawn anytime and for any amount. Note that, the cash offered is usually low. However, if the offer is percentage-wise, you can expect to get back a reasonable amount.
Cashback with Bonus Funds
Cashback with bonus funds is a popular form of retaining customers for online casinos. The money is deposited as welcome bonus or reloaded bonus – whichever you are eligible for. You can withdraw the fund immediately or use it for future games as per your requirements. There are no strict rules governing how much you can withdraw.
Cashback with Free Spins
Cashback through free spins is another way you are getting paid for winning. Here, you may be offered free spins that get deposited into your account for future games. However, cashback with free spins can sometimes be misleading. For instance, a bonus offer in the form of free spins are really spins and not a cashback deal. Similarly, free spins can vary in number depending on a number of factors such as deposit amount, timing, player performance and so on.
How It Works
Online casino players earn cashback for doing certain things or meeting certain requirements as follows:
- The player should be eligible to play in terms of age and other factors
- The player should play certain games
- The player should deposit a set amount of money
- The player should not claim initial deposit bonus right away
Advantages of Cashback vs Standard Casino Bonuses
Cashback deals are easy to earn and deal with. They are deposited right away to your account and can be withdrawn without hassles or other wagering requirements, unlike standard casino bonuses. Besides, you won’t be taken by surprise how much you are going to get back in cash as most deals are percentage-wise.
Disadvantages of Cashback vs Standard Casino Bonuses
Cashback deals are sometimes not that great. For example, a 0.5% cashback on a €2000 deposit will only earn you €10. However, there are a few casinos that give away hefty amount, such as 25% cashback in order to attract customers. This is a great way to earn more money as well as increase your chances of winning at various games.
Standard Terms and Conditions for Casino Cashback Offers
Every online casino has its own terms and conditions when it comes to cashback offers. Check with the relevant casino that you are interested in. Nevertheless, these terms are generally common to all online casinos:
- You will need to enter the relevant promotional code in order to receive cashback. The cashback deal is not automatic.
- Players abusing the cashback system will have their account suspended for short term or indefinitely.
- All players using the casino should be 18 years or older.
- There is a limit to how much cashback one can earn
- Deposit match bonuses and cashback deals are two different things. They cannot be mismatched.
Note that, although there are standard terms specific to a casino, you will still have to familiarize yourself with general terms and conditions that apply to all licensed casinos. So, before starting the game or depositing the money, read the rules and be prepared.
In essence, these are the things to keep in mind when you are indulging in a online casino game:
Opt in – Cashback deals are only given when you opt in to the offer. You may need a promotional code as well. If you don’t need the cash back, simply opt out of the program from your account setting.
Research – Read the set of terms and conditions in its entirety. Some casinos may not be the right one for your financial situation. Other times, you may find that the traditional bonus offer is far more easier to get than cashback deals.
Don’t play for cashback – There are many people out there who are die-hard fans of online casinos, who spend all their time playing games. They also loose a lot of money along the process. Addiction to gambling can be dangerous to your financial and mental health.
Cashback is earned as soon as you are eligible for it. This amount based on the percentage is directly deposited into your account before, during or after the game. You need to opt in for cashback in some cases.
No. Your account will show how much cashback you have earned. This money will sit there until your withdraw in cash. There are, however, time limits on how long you can keep the cash without using or withdrawing it.
Depends. If you are a regular player, cashback deals can be more lucrative. For occasional players, traditional bonus is better.