How to Find the Best Cashback Casino Bonus
Cashbacks have become very popular, and players get a lot of offers to choose from. The first step to finding the perfect deal is to know what you want. Should it be a zero wagering bonus or have the biggest maximum amount? Once you know your preferences, it’s easier to find the right offer.
On this page there are multiple bonuses to choose from. Players typically get a 10-15% weekly cashback that is credited on net losses. The money is usually credited as bonus funds, but there are operators awarding real cash with zero wagering.
Check the License and Jurisdiction of the Venue
Online casinos collect sensitive information about players and it’s important to know they are legit. Safety is first. Before even considering joining a gambling site, make sure it has a proper license. Unlicensed operators have fake games with adjustable RTP and no obligation to pay winnings. That’s why it’s harder to win, and legitimate withdrawal requests are often rejected with no reason.
It’s always wise to take a few moments and verify a casino license. The link to the license validation page is usually found at the bottom of any casino page. There’s a gambling authority icon you need to click on. Make sure the validation page isn’t fake.
Gambling jurisdictions have different reputations depending on the efforts they put into protecting players from rogue and irresponsible companies. Three most popular jurisdictions are:
- United Kingdom. This is one of the strictest jurisdictions that set a benchmark for other markets. The UK Gambling Commission is devoted to making online gambling safer and more responsible. Rules have been developed to ensure gamblers are well protected from fraud as well as problem gambling.
- Malta evolves into a leading gambling jurisdiction. Authorities take steps to keep the highest level of control over operators by enforcing its rules and regulations. Malta casinos have become a popular option for many international gamblers.
- Curacao is the most affordable and easy to get license. This jurisdiction lacks the system of overseeing hundreds of Curacao licensed casinos. As a result operators sometimes behave suspiciously and treat players unfairly.
Carefully Read Through the Terms and Conditions
Players rarely read casino T&Cs, which is a big mistake. They practically agree to everything the casino puts there and assume all rules are fair. In fact, gambling sites licensed in weak jurisdictions do have terms that players should know before accepting them. There are things such as deposit playthrough, individual withdrawal schedules, etc.
Cashbacks are usually just a part of a casino bonus strategy, and this offer alone can’t tell much about the whole package. Evaluating other promos and their rules is important to draw conclusions about a casino in general.
Contact Customer Support for More Info and Assistance
In case anything about cashback or other promos is unclear, don’t hesitate to contact customer support. It should be fast, helpful and available 24/7. If top quality support isn’t offered then this potentially can be a problem later when serious issues arise. Making a request about anything, gives the opportunity to evaluate customer support quality.
Things to Know about Cashback Bonuses
Basically, there isn’t much to worry about when considering cashback offers. The money is credited retrospectively for the losses that have already taken place. Players have a choice of claiming them if they want to. But there are still a few details beginners need to keep in mind.
- Calculating cashback. When reading bonus T&Cs, pay attention to the way cashback is calculated. Many operators provide a special formula and carefully explain the rules so there’s no room for confusion. This bonus is typically credited on net loss and not on the overall losses.
- Cashback is either bonus money or real funds. Best option is obviously to get cash, but most casinos give bonus credits that require wagering. Cashback wagering is often lower than regular playthrough. For instance, if standard turnover requirements is 40x, cashback playthrough is 10x or 20x.
- Deposits may be required. Weekly cashback is sometimes available only if a certain amount is deposited throughout the week.
Why Are They Offered
After acquiring new customers, online casinos have a difficult job of retaining them, and cashback is one of the tools to keep players loyal. Low or zero wagering makes this bonus very appealing. But retaining customers isn’t the only reason. Some gambling sites offer this bonus simply not to lose their competitive edge.
Originally cashback used to be more about cash than bonus credits. But today an increasing number of casinos offer bonus money with low wagering requirements. Still some operators credit real cash that is withdrawable right away.
If wagering is required, it’s usually anywhere from x1 to around x20. Few operators set x30 or x40 turnover. Standard bonus wagering rules are usually applied to cashbacks, including max bet limit, restricted games and game contributions. For instance, table games contribute a maximum of 10% toward playthrough.
Cashback is usually a withdrawable casino bonus, and once wagering is complete, players are free to cash out the money once funds are transferred from bonus to real money balance. Minimum cashback is typically around 10 EUR and maximum is 1,000 EUR. Read bonus T&Cs to learn about the limits.
Enter the Cashier to request withdrawal then select the banking method and the amount to withdraw. After a request is made, wait for it to get processed. Depending on the casino and the payment method, it can take anywhere from a minute to a few hours. If verification is required, payouts are delayed until documents get verified.
How to Use a Cashback Casino Bonus
This is just a regular bonus that gets credited weekly. If the minimum amount isn’t reached, it won’t be awarded. The size of a cashback usually varies depending on player VIP status as this bonus is generally a part of the VIP Program. Upgrading the status is the way of getting bigger cashback that often starts from 5% for lowest VIP members and goes up to 15% or 20% for the highest status customers.
Cashbacks are credited either automatically or manually. Sometimes casinos want customers to request cashback, otherwise even qualifying players won’t get it. Read bonus T&Cs to learn exactly when and how to claim the offer as every operator will have its own rules.
Activating cashback isn’t usually required. Players claim this bonus and get either cash or bonus credits once the amount is calculated. That’s it. No bonus codes or other steps to take. In case special activation is required, it will be explained in the bonus rules.
How to Make the Most with Your Bonus
First thing to do is to choose a bonus wisely. With so many different offers it’s possible to find a really great offer. Zero wagering is preferred, but low wagering is also acceptable. The worst offers are those that require regular wagering that is around 40x.
As this bonus is credited on net losses players won’t see it unless they lose more than they invest. But when this happens it’s better to have more of the lost money back. So, make sure to have as high cashback value as possible. Combined with low wagering requirements it’s a great opportunity to boost your balance.
Cashback is an amazing bonus that sweetens the pill of losing. But depending on the bonus terms and conditions, it can be much less appealing. Ideally cashback should be real cash that is withdrawable without wagering. When casinos set wagering requirements similar to wagering requirements of other bonuses, the bonus loses value.
Other Popular Types of Casino Bonuses
In addition to cashbacks most casinos offer other bonuses. Generally operators award a series of deposit gifts to encourage real money wagers. New players receive a Welcome Package and then collect regular reload bonuses. Upgrading loyalty status is another way of earning extra credits and more benefits.
Everyone can expect a warm welcome at almost any online casino. 100% match bonus on top of the first deposit is the most common offer new casino members get. It is followed by a series of other deposit match promos and occasionally free spins.
To acquire new customers, casinos may sometimes offer no deposit promos. This isn’t a very popular option possibly due to high costs and bonus abuse cases. But you still will find a bunch of no deposit free spins or bonus money promos.
It’s one of the favorite bonus offers available to new and existing players. Free spins often come as part of a welcome package. Players get anywhere from 10 to 100 free rounds on certain slots. Whatever money is won it first must be wagered and then withdrawn.