Table of Contents
- What is a Cashback Casino?
- Why are Cashback Casinos Rising in Popularity?
- How Do Cashback Casinos Work?
- Bonuses Offered by the Best Cashback Casinos
- How Can You Get a Cashback Bonus?
- Pros and Cons of Playing at a Cashback Casino
- Best Cashback Casino Offers
What is a Cashback Casino?
In short, a cashback casino is a site where you are entitled to a share of the deposits or wagers you have placed. But, in reality, cashback promotions can operate in several different ways. It is difficult to say which might be best, as different playing styles will likely accrue cash back at differing rates depending on the site.
One recommended route to claiming cashback is to sign up for a participating casino via an online cashback website.
Topcashback and its peers offer cashback to new customers that find a new casino by utilising its search features. A quick look at current deals suggests that players should easily be able to find dozens of casinos that are willing to cough up this type of bonus cash, with rewards averaging around NZ$40.
Suppose you will sign up for a casino anyway, and using a cashback comparison site doesn’t prevent you from opting into alternative lucrative bonuses. In that case, this is effectively free cash that should not be missed.
The second-way slots, roulette, blackjack, and baccarat players can benefit from cashback casinos via the many offers these sites support weekly.
These are based either on the level of a player’s deposits, player wagering, or a player’s losses. Given this setup, players should always be careful not to gamble what they wouldn’t normally do.
Yes, it is great to get a rake-back of funds that originally appeared to be lost in the ether, but it is always advisable to engage in gambling routines where losses are minimised.
As long as you are not encouraged to bet more than you usually would, then cashback is a boon.
Why are Cashback Casinos Rising in Popularity?
Popular online casinos tend to be examples where customers are treated fairly, the range of gambling games offered is decent, and lucrative bonuses are advertised that help players line their pockets. Cashback casinos are recommended by our experts here at casinos.win hit the spot on all three metrics.
Cashback Casinos are also a symptom of the time. The iGaming industry is now so saturated with new or existing brands that operators are going to new and extreme lengths to get punters through their virtual doors. Surprisingly, offering sweeteners to potential clients or consolation cash to regular players is well received by table game and slot bettors. Given this attitude to free cash, the popularity of Cashback Casinos is only likely to rise.
How Do Cashback Casinos Work?
Cashback Casinos largely operate similarly to every other online casino in the iGaming industry. They deliver great gambling content from NetEnt, Microgaming, and Evolution Gaming, offer Welcome Bonuses, and even devise VIP Rewards schemes. But in addition, they are happy to give a percentage of their profits back to loyal players.
Cashback Casinos have two tried and trusted methods to deliver cash back into their clients’ accounts. Some sites go down the comparison affiliate route. These casinos effectively pay to advertise on a cashback site and then offer a small sum to players who are happy to register and fund an account through this third party. This option is a win-win.
The affiliate will receive a fee for drumming up additional custom, the casino will be pleased to add extra players to its roster, and newbies will bask in the glow of picking up a small bounty that can be used to bankroll initial gameplay. This doesn’t mean that you’ll get rich by picking up this type of reward. As it is at this time, you should only expect to pick up NZ$50 for signing up to a cashback casino. But these numbers are constantly in flux, so if you get in at the right time, this amount could be tripled or even more.
Regular cashback works in a completely different way. The cashback a player receives is a proportion of the stake money they lose over a predefined period. Alternatively, some casinos pay cashback based on a player’s deposits or even on their wagering.
Qualifying players will receive a percentage of losses, deposits, or wagers that individual cashback casinos fix. Typically, this rate varies between 5% and 20% but will be capped at a reasonable level. There is no way participating casinos could ever leave themselves open to handing back 20% of losses to its biggest spenders, as this could amount to many thousands of pounds.
Because of this, cashback often attracts wagering terms. Low-wagering casinos would mean that players will be required to wager their cashback 35% before it can be withdrawn as real money. However, remember that more unscrupulous operators impose wagering terms of up to 80x a player’s cashback bonus. If you are playing at a casino with these terms, it will be nearly impossible to turn your cashback bounty into a sum you can withdraw. It is also worth bearing in mind that cashback offers are also likely to be covered by a time limit constriction. You risk forfeiting this amount if you fail to play through your cashback bounty within seven days.
Bonuses Offered by the Best Cashback Casinos
Cashback Casinos attach their bonuses to several different delivery methods. For the average casino fan, all of these will be options to replenish your bankroll will be viable alternatives. Generally, cashback is offered as part of a welcome bonus, a standalone cashback bonus, an important feature of a deposit match bonus, or a key plank to any self-respecting VIP rewards bonus.
We’ve all come across online casinos that offer a sizable welcome bonus. In reality, very few virtual venues can afford to do without such a promotion, given its importance to driving growth for iGaming firms. But, what is different at a cashback casino is how a welcome offer is formulated.
Usually, a welcome bonus is made up of a cash match deal and additional free spins. However, cashback casinos tweak this model somewhat by offering a bonus sum based on a player’s spend within a qualifying period. Whatever a player amasses as a bonus will often be subject to wagering terms. At the majority of bonafide casinos, this will mean that you will need to wager your cashback bonus 35 times.
But always ensure that you read your favoured sites’ terms and conditions, as some sites impose wagering of 80 times or more. At the time of writing, some of the most lucrative cashback welcome bonuses see players pick up 20% of their losses during the qualifying spell. However, it is always worth weighing these benefits carefully. You will only earn top cashback rates on some schemes if you have also racked up top levels of losses.
A standard cashback bonus tends to come as a standalone promotion. These are either delivered periodically to coincide with seasonal highlights or as a weekly deal that players can rely on as a fallback when they place a losing wager or complete a deposit. As with all other bonuses, any sum accrued from this deal must be wagered multiple times before it can be converted into withdrawable cash.
Top deals will see eligible players pick up 20% of losses within the promotional period. Although some no or low-wagering deals can be found, usually you will need to wager cashback bonuses at least 35 times.
Deposit Match bonus
The deposit match is a staple of the online casino industry. Whether you love games that have been crafted by Microgaming, NetEnt, or Evolution Gaming, you’ll have the chance to play through these libraries using the free credit that deposit match bonuses provide. Of course, the main difference between a regular deposit match deal and its cashback counterpart is that cashback will be awarded on your losses from these promotions up to a capped limit.
VIP Rewards bonus
In a busy iGaming market, there is every chance you will encounter an online casino that has devised a potentially lucrative VIP rewards scheme. Generally, these are multi-tiered affairs, where players need to accrue certain points to progress.
As a player deposits and wagers more, the opportunity to pick up free spins, bespoke gifts, and higher levels of cashback increases. When you dig into the makeup of these offers further, you will soon realise that the highest cash-back returns are directed at the biggest spenders. Cashback can hit 20% of a player’s losses or wagers within the qualifying period.
How Can You Get a Cashback Bonus?
Claiming a cashback bonus can be a relatively simple task. If you stick with casinos.win, we will point you in the direction of all of the best cashback casinos in the market so that you can sign up for a site that is perfect for you. Once you have registered with one of our recommendations, you should make sure to complete Know Your Customer (KYC) verification.
This lets a casino confirm your identity and approve funding methods. Doing so can ensure that your withdrawals are completed quickly and, more importantly, that you qualify for most of the cashback bonuses your casino provides.
Once you have completed these formalities, you will need to make a deposit. Unlike other bonuses, there are usually few restrictions regarding payment methods that players can use to qualify for a cashback deal. As long as you have sent real money to a cashback casino and you are making wagers with this sum, you can start racking up cash back.
Then all you need to do is to keep an eye out for cashback bonuses so that you are playing at the right time or on the right games to guarantee a reward.
If you have also been able to enrol in a VIP rewards scheme, you may also be building up cashback on every bet that you place on qualifying products.
Pros and Cons of Playing at a Cashback Casino
Free money or free spins have always been good things, but what are the other benefits of gambling at table games and slot-focused online cashback casinos?
- Reduces the risk of players chasing losses, as consolation is provided on every losing bet
- Provides a regular bankroll boost that can help reduce player’s overall deposits
- Rewards player loyalty for concentrating gambling with one provider
- Rewards are only paid on losses.
- Other promotions may be reduced due to the focus on cashback rewards
- The attached wagering terms may ensure that cashback is difficult to convert into withdrawable cash
Best Cashback Casino Offers
It is worth shopping around when selecting your cashback casino of choice, as offers from this market segment are often quite diverse. Amongst the best deals around at this time, offer such as;
- 25% cashback on play within the first seven days of registration
- 10% daily cashback on losses on selected slots games
- 5% cash back on all weekly losses
- 3℅ cashback on previous days losing wagers
Of course, the devil is in the details. All of these promotions come with an extensive set of terms and conditions. This can mean that wagering terms are applied to cashback amounts or that cashback is capped at an upper limit.
If you are looking for a cheeky bonus just for signing up for a cashback casino, online comparison sites are generally willing to apply a NZ$50 bonus to new players at this time.
With such a variety, there is always likely to be a scheme that perfectly fits your style of play at casinos.win, we will never be slow at recommending a great deal wherever we come across it.