Casino cashback offers are just one of the many ways that online casinos like to reward regular players and big spenders.
In this article, we will give you the full low down on what a cashback offer actually is, how they work and other things to be aware of.
What are Cashback bonuses?
Cashback bonuses are a type of casino bonus that refund players for losses which is offered in order to keep players engaged with the site, playing more often, and hopefully back some of their losses too!
Cashback bonuses are typically separate from any other bonus such as new player offers or any other ongoing promotion that online casinos offer.
How do you claim a Cashback bonus?
It’s easy to claim your casino cashback, it’s just a matter of following the instructions.
The first thing that you need to do is make sure that the site has an available promotion. Once you’ve found a casino that offers one and have decided whether it suits your needs, you typically need to opt-in to get rewarded.
It’s important not only to read through these offers but also understand what they entail so that when the time comes for claiming your bonus, everything goes smoothly without any problems.
Understanding the Cashback Offers
To make sure you qualify for any cashback offer, read the small print or the terms and conditions.
It is common for there to be an expiry date on your cashback. So, if you qualify for money back, make sure that you spend it within the time period specified. If not, you are likely to lose the cash!
Another feature of cashback offers is that you typically need to meet a wagering requirement. This means that in order to withdraw the cashback as actual cash to your bank account, you need to wager the ‘free’ money.
For example, if you £10 cashback with a 10X wagering requirement, you need to wager £100 before any of it is rightly yours to withdraw.
Pros and Cons of Cashback bonuses
Like most online casino offers, there are pros and cons of cashback bonuses.
The main advantage to cashback, is getting ‘free’ money back for any losses.
So, typically wager like you usually would, and you receive a specified percentage of your losses back. It is simply a way of rewarding loyal players and convincing you to spend more money with them!
Unfortunately, to claim a cashback offer, you need to first lose money.
But even when you have ‘free’ cashback money, you typically need to meet a wager requirement and claim and wager within a specified time period otherwise you are losing out!