Win Win - Cashback on Losses Bonus
Some online casinos have started a new promotion strategy whereby they give cash back to players who incur losses while playing at their casino. Cashback offers provide players with the opportunity to recover their losses in the form of free money; in some cases, this also includes the chance to receive bonus cash upon winning. In addition, just to make things more exciting, many casinos have now linked the cashback offer on the reward level of players. Meaning that the more you play, the more you will be credited with the cashback offer.
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Casino Cashback Offers: Learn How They Work
Cashback bonus offers are not a new trend in the US and UK casino industry; however, lately, they have also become popular in European casinos. Cashback offers can be seen as a type of loyalty bonus from the casino, whereby you will receive a refund if you lose a certain amount of your money. Unlike a customary bonus on signing up; this incentive can be accessed once you have been playing for a while at the casino as a kind of thank you for continuing to play at their site.
Let’s see how it works; The casino usually sets a percentage of how much you will receive if you lose, and it can range from 10 to 20 % depending on the online casino. That means you will be able to get back 10 to 20 % of your losses.
You will find similar types of cashback bonuses at the majority of online casinos, nowadays, and this is called Top-up. As the name indicates, here the casinos give you 10 to 20% more than what you initially won. For instance, if you were eligible to earn $50 with 10% Top-up, you would be getting $55. You will find numerous online casinos that offer both the cashback and top-up offer to their regular players.
Why the Win-Win Offer Is So Popular
Nowadays, it’s a common practice among online casinos to offer various lucrative bonuses to their players when they sign up. With the introduction of numerous online casinos all over the world, it’s no wonder there is a tough competition among all, and thus in order to compete with each other, online casinos offer such rewarding extras. And, bonuses such as cashback offers works as an incentive to attract more players.
Essentially it is a marketing plan, whereby online casinos come up with creative enticements to offer something different and unique to players so that they keep on coming back for more. In the end, it’s a win-win situation for both the players and casinos. The players receive the bonuses that increase their chances to win against the casino, and in turn, they either get more players or retain the loyalty of their existing players.
How to Claim a Cashback Bonus?
Not all online casinos offer win-win cashback bonuses, they tend to be given away by the more reputed ones, so finding a casino with this type of offer is a good indication that it will be a trustworthy place to play.
Since cashback is a type of refund bonus on your losses, you get back some percentage of your definite losses made with real money. This infers that you are initially required to deposit funds and place your bet to get a cashback offer. Once you have played, and incurred a loss, you are bound to get some percentage amount of refund back, depending upon what the casino has set the percentage offer.
Cashback Offers: What You Should Know
Cashback offers are altogether a new entry into the casino world. A lot of players are not aware of the rules relating to these bonuses. So, it’s imperative that you make sure you understand some of the basic concepts, including:
- Time Limit: Every online casino offering cashback bonuses will have their own set of rules. However, one of the rules that remain almost common in all is that cashback offers are time-limited. This means players are required to place their bet within a stipulated time-frame in order to claim the cashback. In certain cases, you will be also called when making a deposit or placing a bet.
- Minimum Bet Amount: You may need to bet a certain sum to meet the criteria for receiving cashback.
- Percentage of Net Loss: When casinos say net loss, they mean all your winnings minus all your losses during the stipulated time frame. If the figures come out as a minus, then you will be said to be in a loss and will be eligible for cashback. When the figures are more than zero, it infers that you have not suffered loss and thus, not qualified for this type of offer.
- Wagering Requirements: Usually, the funds you obtain from cashback will be like withdrawable money or a bonus. If you get a bonus, you might have to meet some form of wagering requirements before you can cash out the funds you won on that offer.
Cashback Bonus: Maximize Your Winnings and Minimize Your Losses
So is cashback all about losing? On the contrary, it is a practical way to keep you safe when you are playing with your real money at online casinos. Even though you play to win, you can’t expect to make it a success on every single bet you place. This is where cashback offers are like a safety net in that they help you refund a percentage of the money you have lost. These offers allow you to recover some of your losses before your luck picks up and you start winning again.
If you are a novice player and facing subsequent losses in a casino, cashback is definitely a great way to bounce back to maximize your wins.