As you can tell from our casino bonuses section, gamers now have at their disposal a whole host of promotions and perks. These include free spins, deposit bonuses, no deposit bonuses, reload offers and of course cashback offers. This speaks volumes about just how competitive the industry has become. Online casinos are constantly scrapping with each other to attract new gamers and then hang on to them once they’re onboard so cash back is now considered pretty key by many. So these promotions are absolutely essential for an operator to survive and thrive. Without them, it’s game over.
Online Casino Cash Back Offer
These days, operators also recognise that most of their customers are going to make some losses when playing their casino games, whether they’re online slots, blackjack, roulette or poker. So, to take the sting out, a fair number of online casinos feature cash back offers. Some also include cash-back rewards for making deposits.
Regardless of their form, the end result is usually the same. The player’s account will be credited with funds. Sadly, it’s not usually possible to withdraw said funds and disappear into the blue yonder. No. That would be a pretty moronic tactic on the part of the casino offering the deal. Instead, the cash back funds can only be used on the site peddling the perk.
With that said, if you can find a reputable (and UK-licensed) operator that allows players to immediately withdraw cash back without any strings attached, we’d love to hear from you. We won’t hold our breath though. Anyway, we digress. So how do casino cash back incentives work? Let’s take a closer look.
Online Casino Cashback Offers
Some casino cash back offers reward players for performing certain on-site actions. Unsurprisingly, these actions usually involve the act of spending money. For instance, a common practice is to offer cash back as a reward for making a deposit as part of a welcome package. Allow us to elaborate.
Casino Welcome Offer Cash Back
This particular allurement is pretty common these days. To encourage an opening deposit, a casino will offer a cash-back percentage. It’s usually expressed thus: ‘Deposit $100, get 10% cash-back’ or ‘Deposit $200, get 20% cash back. In the vast majority of cases, these percentage deals will be quite small for obvious reasons. There are course exceptions to this rule, with some operators featuring up to 50% rates.
Cash Back for Net Losses
However, the majority of cashback casino bonuses are rewarded to players who’ve made net losses over a specific time period. These are almost always calculated as a percentage and tend to range from around 5% up to 25%. In most instances, a cap is put in place. So a typical offer might read: Claim 20% cash back on losses of up to £150 for 24 hours after your first deposit. Sometimes, cash back casino bonuses are only available on specific days. For instance, a lot of Nektan white label sites feature 10% cash back offers on Mondays only. This is actually a pretty clever tactic given that customers tend to play more casino games on the weekend.
Game Specific Casino Cash Back Offers
Certain cash back incentives are restricted for use on specific games, especially online slots. Say for example, that you’re offered 5% cash-back on daily losses arising from video slot, Starburst. You activate the offer and happily blow your entire $100 budget on Netent’s ubiquitous game. As a result, you’ll receive back $5. Not a king’s ransom, sure But it’s better than nothing right? Conversely, should you ‘strike it lucky’ and make a profit then you won’t be able to lay your hands on any cash-back.
Casino Cashback – No Wagering
As we discuss further down this page, wagering is the bane of a casino gamers’ existence. And sadly, they also apply to cash-back deals, albeit at a lower rate. But there are some operators that actually offer wager-free cash back on first deposits, provided the player’s balance is below a certain threshold.
VIP Cashback Offers
VIP packages are extremely popular among high-rolling, big-spending players. Casinos like them too because they provide a means of retaining players and rewarding ‘loyalty’. Many VIP schemes will include cash back deals as part of their suite of perks and gifts. They generally share the same format as standard deals, but with higher percentage rates and more generous caps.
In certain cases, they’re available for use on a wider selection of casino games and slots. A few also give players a longer time period in which to take advantage of a cash back offer. Like reload bonuses though, some operators can be quite shy about offering clear information about their VIP incentives. In order take advantage of one, it’s sometimes a case of waiting for a promotional email to arrive in your in-box.
Loyalty Point Cash Back Deals
Operators that feature loyalty-point schemes sometimes allow their players to redeem points for cash. Although not casino cash-back deals in the traditional sense, they still allow gamers to claim money back. Points are usually acquired by playing casino games with real money. Once enough points have been collected, they can then be converted into cash with the funds usually immediately credited to the player’s account.
Gamification Cashback Deals
Gamification is an increasingly popular tactic employed by casinos to entice their customers to deposit and play their games over a sustained period. Casumo are one of the pioneers in this field. As with loyalty point packages, players are awarded points and/or trophies for depositing money but also for performing certain on-site actions such as registering a credit card, playing a particular game and winning tournaments. In certain cases, these points or trophies can be exchange for cash-back. They can also take the form of special rewards.
How to find the right offer
Cashback offers tend to be very popular among gamers. As a result many deals feature prominently on a casino’s website – usually on a home page promotional slider. It’s also worth heading over to the promotional section which will offer details of each incentive and perk offered by the specific operator. If you’re absolutely desperate to find some sort of cash rebate you could also contact the casino directly. Nowadays, most feature live chat functionality so you shouldn’t be waiting that long for a response.
How to Activate a Casino Cashback Offer
Registering with a casino and making a deposit is often all that’s required to qualify for a cash back deal. However, for some websites, you’ll be required to ‘opt in’ in order to activate the deal. So don’t just assume that you’re automatically eligible because this isn’t always the case. Depositing (and then losing) your money is hard enough. But just imagine what it will feel like when you realize that you won’t be receiving any reward for your ‘bad luck’.
The VIP Myth
Many other websites claim that cashback offers are intended for high-rolling VIPs only. But this just isn’t the case. Although it might seem that players who deposit more are better placed to enjoy the full benefits of cash back offers, it’s worth remembering that in most instances, maximum returns are capped. Therefore, cash-back deals are accessible to all players, regardless of the size of their gambling budget. Another way of looking at it is that operators are quite happy to take their customer’s money, irrespective of their financial circumstances.
Casino Cashback Bonuses - Things to Consider
Ok, this is where we like to bang on about the small print. Sorry, but we think it’s important that you’re fully aware of the subtle stipulations and cleverly worded conditions that are always applied to online casino promotions. So we’ll keep banging on about them until we’re blue in the face thanks very much. Like all bonuses and offers, casino cash back incentives are subject to the same terms and conditions that can have such a big impact on the overall value of a deal. Read on as we now expand on some of these annoying little caveats.