Most casino promotions are added instantly after you made a deposit. By doing this, you get extra money or free spins to play with. A Cashback Bonus is completely different: you first play with your deposit(s), and no terms are attached. If you don’t win on your deposit, then you request the Cashback Bonus and get a percentage of your deposit back with very low wagering requirements each time. The Cashback Bonus thus allows you to place TWICE on every deposit that doesn’t produce winnings. In other words, to make it clear for our players: Cash back is essentially a rebate of a percentage of the deposits you make; Cash back refers to earning back a percentage of the money you have spend whilst playing at online casinos.
More specific, a Cashback Bonus is a re-fund in bonus money, or sometimes even real cash money, that you get back in your account if you have lost money while playing. Normally this kind of bonus is a percentage of your net losses. As you will have already wagered your funds, you really have nothing to lose when taking part in this kind of promotions. The cashback bonus is getting more and more popular under real money casino players. A Cashback Bonus is awarded based on your total net losses over a specific period of time (or on a specific game) and calculated by a certain percentage. The used percentage differs from casino to casino but is usually set between 5% and 25%.
Uptown Aces casino grants up to 18% on your net losses.
Trada Cashback offers slots players the chance to earn cash rewards for their play, in real-time. Every £/€/$70 (SEK/NOK700) wagered on slots unlocks an instant cash drop of £/€/$2 (SEK/NOK20) which has no wagering requirements and can be withdrawn immediately.
Golden Lion casino has a weekly cashback, credited Monday through Tuesday for all players with no pending withdrawals, no withdrawals over previous 7 days and a balance under $10. The weekly cash back is calculated on all deposits which were made over the previous 7 days and have 45 times wagering requirements for slots, bingo and scratch cards) or 50 times for card games (video poker, blackjack, keno, bingo and scratch cards) and 60 times for roulette (American and European roulette, with outside bets disabled) and exclude play on other games (unless otherwise stated). The amount of Weekly CashBack depends on the player class and is calculated accordingly. Unless otherwise stated, CashBack bonuses come with no max cashout.
A casino offers you 5% Cashback when playing video slot South Park. You play through 100 Euros on this game and lose the lot. Your net loss therefore is 100 Euros. As a bonus, you will be awarded 5% of this back, so your account will be credited with 5 Euros.
You are offered 5% Cashback on your daily losses while playing on any Netent game on a certain day. You have 200 Euros in your account and play through this; you use your luck and finish the day at 400 Euros. As you have a net profit, you will not be awarded anything with the cashback bonus promotion.
You take part in a cashback promotion that offers 25% Cashback up to a maximum of $50. After your betting, you are $300 down. You will receive $50 bonus, as this is the maximum you can be rewarded back. Cashback is paid as virtual money.
As mentioned cashback bonuses vary between casinos, but ultimately you will receive money back to your gaming account. Sometimes a casino will offer these bonuses on certain games, to encourage players to play the games with reduced risk. Most of the time however the Cashback bonus is calculated over a set period of time (daily, weekly, monthly or otherwise). Normally, there is also a limit to the amount of Cashback you’ll be able to receive.
The cashback bonus amount is determined based on your VIP status, win and loss history and previous bonuses.
The way in which the Cashback is credited on your account can also vary, and can either be granted as bonus money or as real cash.
Another example of such a condition: only paid during a certain period, i.e. Monday 00:00 cet till Sunday 23:59 cet or: eligible bets must contain casino games with start time from Monday 00:00 till Sunday 23:59 of the promotional week.
Or qualifying players will receive their cash back by 00:00 CET the following Monday.
Requirements for cashing out a Cashback bonus will vary from casino to casino. In some cases, the WR can be as low as wagering the bonus as credited just 1 time. In other casinos, it can be as high as 10 times, but normally the turnover requirements for these bonuses tend to be much lower than for a deposit or reload bonus received.
Most online casinos only offer 'real money' cashback bonuses to players taking part in the casino’s VIP or Loyal Player program. However, the more common Cashback Bonuses, by which bonus money as Cashback is granted, normally can be claimed by all players or by players who opt-in for the bonus. Some Netent Casinos have a standard Cashback program on a weekly or monthly basis.
It’s very easy. If you don’t win on a deposit because you had a bad session, a bad day, a bad week, a unhappy month with your casino gameplay, the best thing to do is contact the casino’s Live Chat and ask what they can do for you about cashback.
Fair Go casino talks about '30% Surfing Weekend': Play on Friday, Saturday or Sunday and you’ll get 30% Weekend Cashback on every busted deposit made without bonus attached. Read more in the REVIEW. Contact us to claim it!