Cashback is a term that is often used in online casinos. It represents the funds that are returned to the participant of the game after he/she loses.
Many online casinos have a system for encouraging players, in which each time a participant in the game loses money, a small portion of this amount goes to his cashback account. It is possible to withdraw the cashback to the account to continue the game once a week or a month, depending on the conditions, operating in the casino.
Cashback percentages differ from casino to casino, as well as from the games that are offered at the site and that you’ve been losing. Playing blackjack, for example, will bring a higher percentage of cashback than video slots. However, to know exactly what percentage of return on losses you can count on, you should familiarize yourself with the rules of your particular casino. If something is not clear to you in the terms and conditions of the site, you can contact the support service.
Why casinos introduce cashback
Since casinos will always try to retain their players, and the disappointment of losing can be very high, some casinos try to sweeten the bitter pill for their users. Cashback is a type of promotion that applies to all or status players. The essence of the promotion is that the loser receives a refund of a portion of the funds that were lost to him. They can be used under certain conditions for some time. Cashback can be offered not only in bonus money but also in the form of free spins – free game attempts, and free bets in an agreed amount.
How do I get a refund?
To get some of the money back, you need to carefully read the terms and conditions of the casino. Usually, the description of how the refund is made on the resource can be found in the “Loyalty Program” on the website of the online casino. Large popular online casinos have very detailed conditions for how the calculation and return of part of the deposit to the account.
Pay attention to the terms of the refund, namely the following nuances:
- Promotional period.
- Maximum and minimum rate.
- The formula for calculating the cashback.
- The maximum amount of reimbursement to the player for the lost funds.
Activation of the offer – automatically or with the help of a promo code. Wagering conditions for withdrawal to the bank card.
Types of cashback
Each casino defines its terms and conditions of refunds, they may differ from resource to resource, but they can all be classified into several types. Each type is based on common characteristics.
The main types of cashback at online casinos:
With the amount of money lost – a classic option. This is a promotion, conducted for regular players, during which the lost money for a certain period (in each casino it is different) is returned to the balance. Pay attention to the fact that not every game and bet can participate in the bonus program.
The amount of money lost is another popular type of cashback. The return of the lost amount is based on a certain amount of loss. For example, if your loss is 100 euros, a certain percentage of this amount will be returned to your balance. If the amount is lower, the cashback will not work.
How to activate a cashback
To activate the promotion, the player must carefully read the terms and conditions.
Due to inattention, the return of lost funds to the account may be canceled. Most often, players lose bonus money due to failure to meet deadlines. If you follow all the conditions, the online casino cashback option will be a great offer, which you should take advantage of.
Cashback bonus 2022-2023
Online casinos Vulkan Vegas offer cashback for players who have reached the status of Amateur in the loyalty program, provided that the weekly amount of deposits c deducting the received bonuses and prizes equal to at least $ 15.
Champion Casino offers exclusive refunds of up to 20% depending on the level of the player. The higher the level of the participant, the higher the percentage of cashback and the lower the required deposit and the value of the vaguer.
In the loyalty program, Booi Casino reported that the return of lost bets up to 10% is available once a week, and the amount of cashback depends on the status of the user.
Casino-X offers several variations of cashback: the classic monthly 10%, as well as a weekly refund bet. A big plus is that all players without exception can count on participation in the action.
Sol Casino gives back up to 10% of your spending. Cashback is paid out once a week – on Wednesdays between 12:00 and 13:00. Wager depends on the level of the loyalty program and varies from x0 to x5.
Fresh Casino offers 10% cashback without a vaguer, which can be obtained only by users with the highest status. For all other players, it ranges from x1 to x5. Crediting of funds is made on Fridays between 12:00 and 13:00.
