What is a Cashback Bonus?
A casino cashback bonus is a percentage of your losses returned to you on a daily, weekly, or monthly basis. This refund can be in the form of a bonus (with wagering requirements) or real money, withdrawable at any time. In short, it’s like a life jacket: when you think you’re out of funds, the cashback casino bonus gives you another chance to enjoy your favorite games.
A casino cashback bonus usually calculates the cashback amount based on your losses. For example, if you get 10% cashback for the week and lose $100, you’ll receive $10 back to keep playing. Some casino cashback is credited automatically; if not, the player may need to claim it manually. Even the best paying casinos are in the business of profiting from their customers (you), so this is often a welcome reward at the end of the week.
Why is a cashback bonus different?
What sets a casino cashback bonus apart from other offers is how it rewards players. To explain, let’s have a look at some other typical casino bonuses.
Casino welcome bonuses give you extra funds based on your deposit. Often, it’s a one-time promotion for new players. Free spins give Australian players extra rounds on the pokies without touching their deposit, but wagering requirements apply to convert winnings into real money casino withdrawals.
Unlike these bonuses, a cashback casino doesn’t depend on your deposit amount or specific game play style: it’s based purely on your losses, acting as a risk-reduction tool and reward. So, while most online casino bonuses are allocated based on your deposits, cashback is decided based on your actual play. Some find this even more rewarding – you’re basically benefitting from what you were already planning on doing at the casino.
That’s not to say that it’s a way to make money – you have to lose more to win a higher cashback casino bonus, which still means you’ve lost more overall. But if your session has turned sour, casino cashback bonuses can be a great way of clawing back some of your bankroll.