If you’re an online casino player, there’s a good chance you’ve heard about online casino cashback programs. Nearly every casino, both brick and mortar and online, offer their players some type of cashback program.
Let’s take a look at everything you need to know about online casino cashbacks and determine if you’re playing at the right casino.
What is a cashback?
In short, think of it as a rebate from the casino to you.
Casinos will offer bonuses to encourage you to keep playing, make a larger deposit, or to simply reward you for your loyalty.
What types of cashbacks exist?
These are the three most common cashback bonuses:
When a player first signs up at a new online casino, the casino will offer a cash matching bonus on the first deposit
When a player makes a deposit, the casino may offer a percentage based cash bonus to increase the total deposit
Cash back Losses
The least common of the three, this cashback offer occurs when casinos give you back some of the money you just lost through a cash back. Often times you will see a casino offers 20% back on losses for the week, up to a maximum of $100-200.
How often do casinos offer a cashback?
Most online casinos offer their players some type of cashback on a regular basis. Some casinos will have certain weeks where they offer bonuses for the entire duration, whereas some casinos offer exclusively on a monthly basis. While infrequent, some casinos may require you wager a certain amount of the bonus before being able to withdraw.
Each online casino is different so make sure you read the Terms & Conditions for each one to make sure you understand how their cashback policies work.
Is this a good way for me to make money?
Yes and no. Depending on how much you wager and how often you play, cashback rewards can be a nice added bonus. If you don’t intend to wager quite a bit and the casino has restrictions about withdrawals, cashbacks may not be as lucrative as they seem.
What’s the best part about a cashback program?
The cool thing about a cashback is that the amount you earn is in direct correlation to the amount of money you lost during your previous playing session. In other words, it’s the best way to redeem some of the money from your most recent loss. You will be paid out in cash to your player account and the money can be used right away.
The direct cash aspect of the cashback is what makes it one of the best and most popular perks that online casinos offer.