How Cashback Offers Work
So how do casino cashback offers work? The fundamental principle is that the casino sites you’re playing with will issue you a percentage back in the form of cashback (sometimes up to a certain point). An easy example is, you lose £1,000 and you are playing on an offer of 10% cashback. The casino will issue you with £100 cashback back into your balance.
Unlike welcome bonuses or welcome packages, the offers are usually available to new or existing players. Which is great news for regular punters. This is because the casino is aligned with your activity online. If you lose, while they profit, they are happy to pay you a percentage back for your loyalty and for being a good customer. As a result, these casino cashback offers often crop up within VIP programmes.
We have broken down below some of the most popular deal structures applied by online casinos. Check out the main casinos cashback types now.
Ongoing Casino Cashback Offers
The standard way to access a casino promotion is to check out the promotion section on the online casino. Either that, or speak to a contact at the casino via one of their support channels. This is where you’d expect to find the casino’s cashback offering for new and existing players.
Here you’d expect to see the Terms and Conditions of the offer, as well as any restrictions. For example, ‘Earn casino cashback every Sunday night’. This type of promotion would offer players the ability to earn cashback only at a specific time during the week. Or, as part of a wider package available to players where each day represents a new and interesting way to play.
With this in mind, take the time to understand the exact casino cashback offer that is available. As well as any restrictions. For example, a casino may stipulate that the cashback is only available on a specific day, game (e.g. blackjack) or on a particular slot. Checking this upfront is important because if you lose big on a slot or game that isn’t included in the promotion, you won’t be eligible for cashback.
Understand the Casino Cashback Rate Being Offered
Secondly, find out exactly how much cashback is on offer. As well as any caps that might be in place. Something we see often is a promotion like ‘Earn 10% cashback on all your losses at Rainbow Riches every Tuesday, up to a maximum of £50 cashback’. With this type of example, there are a couple of really important things to consider.
First off, this promotion would only be available on a Tuesday. Secondly, the cashback rate is 10% and the maximum cashback is £50. Therefore, the player can only earn cashback on £500 worth of losses, with the specific slot game (Rainbow Riches) on a Tuesday. If you play with another slot, or lose a lot more than £500 then the cashback offer will not apply.
We still think this is a great offer if you are a particular fan of the slot on offer. However, for high value players or VIPs, the restrictions can be limited. As such, look out for cashback offers that have either higher (or no cashback caps). Secondly, those that are available on a wider selection of days or on a wider selection of games.
The next thing players must check is the casino cashback wagering requirements. This is a really important aspect, especially if you’re taking up a brand new deal.
Wagering requirements can require players to wager the cashback they earn, in order to withdraw it. This is a very common requirement in standard welcome bonuses and definitely something to be aware of in the cashback space.
For example, if a casino offers you ‘50% cashback on all blackjack losses, up to a maximum of £10, with 2x wagering requirements’. There are a couple of things to be aware of.
Firstly, the cashback if only available on blackjack. Secondly, the total loss cashback is available on is £20 (£10 maximum cashback, divided by the cashback amount). However, once the £10 is claimed, this too needs to be wagered 2x. Unfortunately, until the cashback is wagered 2x, you cannot withdraw it and turn it into real-world funds.