What are Cashback Bonuses?
Online casinos nowadays are trying to increase the number of their registered users in various ways, and one of the most popular ways is without a doubt giving lucrative bonuses and promotions. There are several different types of bonuses that every player can get from their favorite online casino, and we already wrote about many of those types in our previous articles. Still, one of the most underrated types of bonuses is, without a question, the cashback bonus.
Depending on your favorite casino, bonuses may vary. Still, most of the top online casinos on the market use a similar strategy to attract new players and obtain regular players to stay and gamble on their websites.
In most cases, new players get the attractive Welcome Bonus for registration and after the first deposit. Those Welcome Bonuses can be in the form of matched bonuses and, in some cases, matched bonuses with free spins. But after the player uses those initial bonuses, online casinos continue to reward their active players.
The cashback bonus is one of the best and most lucrative offers that every player can get at an online casino. The main reason for that statement is that a cashback bonus can be claimed an unlimited number of times, and in most cases, comes with mild or no wagering requirements.
With this type of bonus, the player receives a percentage of its losses during a specific period. Usually, the percentage that player receives is in the region from 2.5% to 20%. So, the more money you spend over a particular time, the more cashback you will get from an online casino.
The Most Common Rules About Cashback Bonuses?
It is essential to mention that every online casino has its own rules regarding bonuses and promotions. It is crucial always to read the Terms and Conditions at the online casino site. With a cashback bonus, there is a general rule that applies to all casinos, and that is that player needs to spend a significant amount of money before it becomes eligible to claim the cashback bonus.
The amount of money players have to invest to be able to receive this type of bonus varies from casino to casino. Sometimes casinos will give you the chance to claim a cashback bonus for small sums, but in most cases, those bonuses are exclusively for high-rollers.
For all players that think about accepting these cashback promotional offers, it is vital to check how often the casino will give them a cashback bonus, as some operators give cashback once or twice per year. At the same time, other online casinos often give cashback bonuses to their customers (every month or even every week).
Types of Cashback Bonus
Also, we need to underline the fact that there are two main types of cashback bonus offers, and that is essential to know the difference between them. Let’s take a look at two main cashback bonus categories.
Rake Cashback Bonus
Rake Cashback is maybe the “better” type of cashback bonus, as with this bonus, the player gets a percentage of all of his wagers that he made during a specific period at real money online casino. The bad news regarding this type of cashback bonus is that many games do not have a rake option, and this type of bonus is mainly reserved for poker rooms and sportsbook sites.
Loss Cashback Bonus
This is a more common type of cashback promotion that can be found at many top rated UK online casino sites, and it represents the promotion where players get a percentage of their losses returned to them. This type of bonus will be given to the player when he losses a certain amount of money, and as we already said, a loss cashback bonus can be given weekly, monthly, or yearly.
Where to Find the Best Cashback Bonus Offers?
It is not hard to find cashback offers, as many online casinos just wait to give these offers to their players. Nevertheless, we at the Top Rated Casinos portal decided to make the ultimate list of the best online casinos that offer lucrative promotions in the form of cashback bonuses. We suggest you look at our list of best online casinos and find the best possible offer that suits your needs.
How often online casinos payout the cashback bonus?
Every online casino has different rules regarding cashback bonuses so that players can get these bonuses regularly at some casinos. At the same time, other operators give cashback bonuses come once or twice per year.
How does the cashback bonus work?
The player gets the specific percentage of his losses back periodically. The percentage depends on a particular online casino. So, before choosing your favorite brand, you should always check the number and availability of bonuses and promotions.
Can I make some money using the cashback bonus?
Yes. The cashback bonus is the legitimate way to make money in online casinos. It isn’t easy to win money, but eventually, you can make a decent profit if you play smart.