Casino Cash Back Bonuses
When gambling in any form, losses are inevitable. The odds are usually against the player, so losing money is part of playing. However, many casinos will offer players a cash back bonus. This is a means of giving players another chance, by giving back a percentage of their lost bet. There’s a variety of ways this can work. We’ll examine how casino cash back bonuses work, what you need to know about them, and some UK casinos that offer good returns on losses.
Understanding Casino Cash Back Bonuses
There are three main points you need to know about cash back bonuses. Below we’ve outlined what they are, what kinds are on offer by casinos, and how they work when you’re gaming:
What Is a Cash Back Bonus?
In order to keep you playing, even if you lose, casinos sometimes offer a percentage of your lost wager back. This is known as a cash back bonus. The amount you’ll get back will depend on a number of factors, but it’s not unrealistic to expect between 5-25% of your bet back. This allows you to then bet again. Not only does this secure customer loyalty, it allows gamers another chance to win.
What Kind of Cash Back Bonuses Do Casinos Offer?
Usually, there are three types of cash back bonus available to players:
• Cashback on amounts lost: This is the most common cash back bonus found in online casinos. It rewards the player with a percentage of everything they’ve lost over a specified amount of time.
• Cashback on amounts wagered: A slightly less common way of delivering a cash back bonus is to reward players based on the gross amount wagered over a specific amount of time.
• Cashback on amounts deposited: The least common bonus is given on amounts deposited. Although it’s rare to see this in casinos online, it does happen sometimes.
How Do Online Casino Cash Back Bonuses Work?
Depending on the casino you gamble with, the way cash back bonuses work will differ. However, usually they are activated at specific times. You will have to meet the specific requirements in terms of amount wagered and timeframe in which you play. Once the amount is lost, players will then be rewarded with a percentage of that amount in their account. This can take the form of either cash or credits. The reward can then be spent. However, many casinos have restrictions on what the cash back reward can be spent on.
Important Information to Check Before Activating Cash Back Bonuses
Due to the complex nature of this kind of bonus, it’s vital that you check the terms and conditions of how the promotion works. Many casinos will enforce a minimum threshold or game time before they reward players with cashback. Also be sure to check what you can then spend your bonus on; some games will be excluded from this type of promotion.
The Highest UK Casino Cash Back Bonuses
Below are some of the best UK casinos that offer cash back bonuses:
• 888 Casino
• Eurogrand Casino
• Ruby Fortune Casino
• Mr. Green Casino
• BetWay Casino