Losing is always a dreaded affair in gambling, especially if you’ve wagered a more considerable sum. Thankfully, US online casinos have taken steps to ensure incidents like these can be mitigated to a certain extent. You can do that with the help of casino cashback bonuses that are now offered on a large number of gambling sites.
Some casinos offer cashbacks as reload bonuses you can claim every week or month, while others give them as welcome bonuses for new players. Whatever the case, they usually cover a specific percentage of wagered and lost money.
Bonus type: Welcome Bonus, Cashback Bonus, First Deposit Bonus, Deposit Bonus
The main reason why online casinos offer cashback is simple — they work. They are good incentives for players as they represent one of the few ways you can get something back for the real money you lost while playing.
The bonus effectively softens the blow of a loss, and it’s a nice treat that can get many players to continue gaming.
The casino rarely loses much cash, as the bonus is only a tiny percentage of the money wagered. The player gets a refund and has a reason to continue playing, spending even more money, so the casino can quickly recuperate what it lost through the cashback.
The player benefits as well, as they get a part of what they’ve lost and another chance to win.
As you likely already know, we can find cashbacks in many other industries, which are often part of things like VIP programs, reward schemes, and loyalty cards, so you know they’re worthwhile.
It’s pretty simple. You play slots or other casino games; once you lose, the cashback bonus will recover part of those funds. The offer will give you a percentage of those losses for free, but only to a certain amount. It doesn’t matter how much money you play with; you can only receive a cashback up to the specified amount.
For instance, this could be a 20% cashback up to $80. In that case, even if you’ve lost $800, you’ll only be able to get up to $80 back.
The offers are sometimes also limited to a specific period, like a single day, especially in the case of reload cashback.
The exact conditions depend on the type of bonus and the offer itself. The crucial terms also include wagering requirements, similar to what you find in deposit and welcome bonuses. Consequently, you’ll always have to wager your cashback winnings several times before withdrawing the funds.
Claiming a particular cashback bonus is up to you, and you should only do so if you need the offer and if it suits your playing style. Never go for a deal just for the sake of claiming a cashback. If you’re unsure whether they’re good for you, consider their pros and cons.
Cashback casinos are not always the same, as you’ve already seen. In general, casinos opt for one of two types — rake and loss cashback offers. There are a few other categories, but these typically fall into one of these two.
This type is the more common of the two, representing casino cashback bonuses that return a specific percentage of losses inflicted while gaming. In other words, the type we’ve been discussing throughout the guide.
A loss cashback usually has a maximum cap for the money it can return to you, or it’s unlimited but lasts only a specific period.
In many cases, this is a recurring promotion you can claim once a week, making it a great way to occasionally recover some of your losses.
This type is a rarer one, yet arguably a better one. That’s because it allows players to get a percentage of the casino’s rake from players’ bets. The so-called house rake is the tiny percentage a casino claims from every wager placed on the site and is used to facilitate the games on offer.
Consequently, a rake cashback casino bonus will return a percentage of the rake collected instead of the total money you’ve lost. The funds will be awarded after a day, week, or some other period the bonus stipulates. There might also be a max cap as with loss cashbacks.
Unfortunately, most casino games don’t have a rake, so the cashback is limited. For example, slots seldom have rakes. Moreover, this cashback type is more common on poker sites and sportsbooks, as the two collect rakes on most of the wagering on their platforms.
Some cashback bonuses impose wagering requirements on the funds you get back. However, many don’t, especially if your bonus is real money. In that case, you’ll receive the funds, and you can withdraw them immediately after.
Remember that wager-free cashback often comes with strings attached, or in other words, bonus terms like a loss limit.
When the requirements are present, they’ll typically be small, especially if the cashback itself is small. You’ll usually run into conditions lower than 10x, often only 1x, meaning you’ll only need to wager the bonus money once before withdrawing.
Cashbacks are typically offered to existing players, meaning you’ll first have to be a member of the casino to claim one. The good news is that registering at any cashback online casino, including the ones we recommend, is relatively easy.
Most cashback casinos we recommend also have a welcome deposit bonus, and it will be beneficial to claim and use it before you go for the cashback.
Registering at one of these casinos is relatively simple, and the steps are largely the same across the board. Here’s how it works:
Claiming a cashback entails following a simple process that’s essentially the same in most US casinos. Here’s what you need to do:
All cashback bonuses come with specific terms you must respect if you want to claim and use the promo. Unlike many other offers, cashbacks tend to come with several terms that matter greatly, some of which can be unfavorable to the player.
It’s crucial to read the bonus T&C to avoid getting a bad bonus. Here are the most important conditions you need to pay attention to besides the wagering requirements we’ve already discussed:
Cash back casinos and their bonuses can be helpful to players from Pennsylvania, NJ, Michigan, or any other US state. Even though high-rollers benefit from cashback bonuses the most, all other players can find them helpful as they don’t require deposits, so you have nothing to lose.
They will be valuable if you’re claiming good cashback offers with less restrictive terms and low wagering requirements and not playing more to claim them. Check out our list of the best cashback on the market, pick one, and start playing.
This depends entirely on the bonus. Most cashbacks recuperate anywhere from 5% to 30% of your net losses, but some can go well above that. In rare instances, you could even obtain a 100% cashback bonus.
It depends on the exact offer. Some cashbacks work on all titles the casino features, some are available on certain types of games, and some can be applied only to a single title.
Top-up and cashback promos are complete opposites. The former are bonuses added to your deposit based on your winnings, whereas the latter recuperate a percentage of losses up to a specific limit based on your losses.
As cashbacks are based on percentages, it stands to reason that they benefit players who bet more. However, as most cashback bonuses have maximum caps, the amount you wager doesn’t make a massive difference.
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