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Ever asked yourself: how do casino cashback bonuses work? The deals sound too good to be true. You play real money casino games. And if you lose, the house reimburses some of your losses as cash you could withdraw instantly.
Although cashback offers sound like the real deal, they have rules. Sometimes these terms and conditions aren’t always player friendly. Due to that, learn all about casino cashback bonus programs below before you claim them. Sounds good? Let’s dive right in.
What is a Casino Cashback?
A casino cashback is a type of promotion that pays back a percentage of the money you spend or lose at casino games. It ranges from 1% to 50% and can be redeemed daily, weekly or monthly.
Let’s explain with an example. A casino has a weekly 10% cashback on all losses made by playing video slots. You can claim a minimum of $1 and a maximum of $100. Now, let’s say you spend $100 on the Starburst video slot. You’re unlucky and lose the entire amount.
Thanks to the casino’s cashback program, you can claim 10% of your $100 loss, which is $10 as a cashback. You can spend the $10 on games or cash it out. This is up to you.
How Do you Qualify for a Cashback Bonus?
The qualification requirements for cashback bonuses varies from one casino to another. At some casinos, every player qualifies for a cashback offer. All you need is to create an account, fund your account and play your favorite games.
At other casinos, qualifying for a cashback bonus can be a hustle. For example, some casinos only give out cashback bonuses to loyal players: you must have made several deposits. Or you must be in the VIP program.
Luckily, most casinos make it easy for players to claim cashback offers. The best part: these rewards have no wagering requirements. Once you claim your offer, you can withdraw it at your own pleasure.
How to Choose the Right Casino Cashback
Choosing the right cashback offer is easier said than done. You need to understand the rules. And you need to pick the best deal based on these rules. Follow these tips:
- Understand the Offer
The first rule is to understand the offer. Is it a rebate on every dollar you spend? Is it a cashback bonus on your losses? Then learn about the games you must play to claim the offer, the minimum and maximum cashback you can get.
- Consider your Gaming Habits
Compare the cashback deal versus your gaming habits. Let’s say you only gamble on the weekends but there’s a cashback bonus if you wager on Mondays. In that case, you need an offer that matches your gaming budget and time.
- Consider Non-Cashback Offers
Most casinos have more than one promotion, otherwise they wouldn’t be interesting for investors. There’s a welcome bonus. It consists of a no deposit or a 100% first deposit bonus. Then there are reload bonuses, VIP programs, daily quests and no wager bonuses.
Compare these promotions to discover if there’s a better deal than the cashback. Alternatively, look for a casino with multiple promotions to maximize your deposits.
