Cashback Online Casino Bonuses -

Nowadays, casino bonuses have become a major factor when it comes to casino play. Online casinos try to maintain a competitive edge over each other by offering a variety of bonuses. Offering regular casino bonuses and promotional deals to the players has proven to be quite handy in this quest. Online casino bonuses come in many types; we have free spins, welcome bonuses, reload bonuses and a rare bonus which is catching back on in the modern online casinos called the cashback bonus.

What are cashback bonuses?

Most online gamers will tell you that the cashback bonus is an endangered bonus in most online casinos and while they may be partly right, this bonus is not completely as rare as they would put. A cashback bonus is basically a percentage of the total amount wagered on specific games by online players, given back as a refund within a specified amount of time in case they lose their bets. That’s right. Some casinos are just generous like that!

Cashback bonuses are often offered on high risk games and are usually meant for the daredevil online players. The bonus is only offered to the players if they suffer a net loss during a specified period of time and often has no wagering requirements tied to it.

Types of Cashback Bonuses

Cashback Bonus on Losses

When players lose on their bets, the disappointment is always evident. Some online casinos have decided to take advantage of this moment of vulnerability to offer the players a certain percentage of their lost money back to try and comfort them. Of course the player would have to lose a specified minimum amount of money to be entitled to the cashback bonus. In most cases, the online casinos also specify a maximum limit of the cashback bonus to be offered back to the players. This means that, regardless of the amount of money lost in your bets, there is a set limit to the amount you can receive back as a cashback bonus. Again, cashback bonuses on losses are usually time specific and are only valid for losses made within this specified time period.

Cashbacks on Total Bets

Cashback bonuses on total bets are another exciting offer to online casino players. The cashback bonus is offered on the total amount of money wagered by the player, regardless of whether he/she wins or loses the bet. Cashbacks on total bets are given as a percentage and the more money you wager the more you stand to benefit from the bonus. It’s simply risk more to win more. Pretty clever, right?

Cashbacks on Deposits

As the name implies, cashback bonuses on deposits are offered for every deposit made above a specified amount of money. An example of the offer made to the player would be a 10% cashback bonus on deposits made per month. This means that if the player deposits $200 that month, then they receive a cashback bonus of $20. This type of cashback is usually limited to a specified maximum amount and varies from one casino to another.

Summary and Final Remark

Cashback bonuses are often time specific and payouts are always made on time as specified by the particular casino’s terms and conditions. As said earlier, these type of bonuses are not just your ordinary online casino offers. Most casinos will attach several terms and conditions to their cashback offers and as a player, it would be wise to go through them carefully. In case you have any doubts or questions, you can always reach out to the customer support team in the online casino.

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