Different casinos offer cashback bonuses of different shapes and sizes. Here, we've listed the most common cashback bonuses you can find at live online casinos.
Cashback on All Losses
When players claim a cashback bonus on all losses, they get a percentage of their net losses. The cashback amount received is always predetermined and commonly varies from 5% to 25% based on the casino. With this type of cashback, players get their bonus money no matter what game they play. Since cashback bonuses are usually attached to particular casino games, these bonuses aren't very popular.
Cashback on Deposits
Players are given a percentage refund of their initial deposit if they claim this type of cashback bonus. For instance, if they request a 20% cashback bonus when they deposit $100, they'll take $20 back at the end of the cashback duration, regardless of their net losses.
Losing Bets or Spins
The casino will gather information about all the bets and spins played and lost and provide a ratio of the amount at the end of the cashback duration.
Daily Cashback Bonus
This version of cashback bonus is the most common among all the other bonuses. If players activate a daily cashback bonus, the casino will give them a percentage of their net losses at the end of the day. The bonus needs to be spent within a certain period determined by the casino.
The quantity of cashback received depends, of course, on the money players spend. The more they spend, the higher cashback they receive at the end of the day.
Weekly Cashback Bonus
The weekly cashback casino bonus does exactly what it says on the tin: it pays back a percentage of a player's losses after the period of seven days is up. So, if the cashback wagering requirements are completed, the casino transfers the bonus money to the player's account at the end of the cashback period.
Monthly Cashback Bonus
Monthly cashback bonuses are similar to the weekly cashback bonuses, but they cover an entire month. Players are given a ratio of their net losses by the end of the month.
Wager free cashback bonus lets players get a portion of their net losses even if they don't complete the wagering requirements. It is as simple as it sounds. However, it is important to note that the casino will most likely set a minimum limit on losses, which means that players need to spend at least a certain amount before they can be given a refund.
VIP plans are considered one of the best incentives provided by online casinos for players. The casinos reward their loyal members with certain benefits such as increased cashback offers.
If a player becomes a VIP member at an online casino, the player may be eligible for a cashback bonus as high as up to 50%.