Gambling Bonus Terms Are Unfair, Claims the CMA [...]
Casino Cash Backs
Cashbacks are special bonuses given to casino players usually as part of an elaborate bonus program with which a particular online casino rewards loyal and depositing players. Cash backs are sometimes given as exchange for points from playing, but mostly they are given as a specific percentage of certain deposits made during the day, an entire week or even an entire month or as a percentage of the money used or lost while playing specific types of games.
How Does a Cash Back Bonus Work?
Cash Back bonuses vary between casinos. As said above, they are mostly calculated as a percentage (up 25%) of your net losses during a specific period of time. The cash back bonus can be credited either as real money or as bonus money that requires a certain wagering requirement to be completed. These bonuses are used to encourage players to gamble at a reduced risk and to win some of the money back based on their losses.
Example 1- $25 Cashback Due
Let’s say you have played $200 on a specific game or in a specific time period and you have made a loss of $100 during that time period and the cash back bonus is set at 25% of your losses. In this case your cash back bonus would be $25 (25% of $100 = $25), which will be credited to your account as real money or bonus money, depending on a casino’s cash back program.
Example 2 – No Cashback Due
In cases where you have made a profit you will not receive cash back, for example, you’ve played with $200 and you have made a profit of $50 over the initial sum, leaving you with $250. In such a case no cash back is calculated because you have not suffered any losses.
How Do I Qualify for a Cash Back Bonus?
Online casinos usually admit players automatically into their cash back bonus programs, so in most cases you won’t have to qualify manually for a cash back bonus. If there is no program, and the cash back is offered only for a specific day or a specific game, then you have to play that specific game on that specific day in order to qualify for the cash back bonus.
Some Good Casino Cashback Offers
VideoSlots (25% Back on All Bets!)
We have located a nice 25% cash back bonus at VideoSlots casino. Every week this casino rewards its customers with 25% cash back on all bets made on video slots or slots. The bonus is given every Friday and is calculated for your entire week’s activity. Here the bonus is not calculated on just your losses, but on your entire betting activity, which is even better.
Drake Casino (10% Back on Losses – USA Accepted!)
Another good cash back bonus that players can use, US players in this case, is the weekly casino rebate program of Drake Casino. Here every Tuesday Drake Casino customers are rewarded with 10% of their losses made. This cash back bonus is valid for losses made on all slots and table games. For example, if your losses have been $500 during the entire week, the cash back bonus amount credited to your account would be $50.