Cash back slots bonuses can be found as an incentive at many online gambling sites, but are they really worth the hype? Here, we discuss in-depth what this bonus is, how it works, any terms and conditions included and whether they are really worth it.
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What are cash back bonuses?
Let’s start off with the basics of what a cash back bonus really is. If you are unfamiliar with cash back casino bonuses, this is essentially when you get back some of your money and this can either be as a bonus or sometimes in real cash too. However, it is predominantly in the form of bonus cash and it is a percentage of your net losses whilst playing on the site. The amount of cash back you receive varies from casino to casino and you will need to double check this where you are playing, but typically it is anything from 5% to 25%. Players tend to gravitate towards these promotions as they have nothing to lose having already lost this money and we all like to see our casino accounts going up rather than down.
How does it work?
Cash back casino bonuses work differently at every online casino but the principle is the same in that you will get money returned back to your online account. Depending on the promotion, this could be cash back only for playing specific slot games, cash back calculated for playing games over a set period of time, or simply cash back up to a certain amount if you make a deposit and play it through but lose your money.
How can you claim this bonus?
Claiming this type of bonus is really easy. If the online casino that you are playing at offers cash back you will normally find details about it over on the promotions page. Once logged in to your account, make sure that you claim this cash back promotion when making a deposit into your account and it really is as easy as that.
What type of cash back bonuses are available online?
As we previously mentioned, there are lots of variations on cash back bonuses at different casinos. One of the most popular and common cash back promotions you will see are those that are part of a VIP or loyalty programme. With this style of promotion, the more you play, the more you can get as cash back on your losses which helps to provide a small buffer of risk. Cash back bonuses can also be found sometimes as part of a new player welcome offer where you will receive money back if you deposit a certain amount in a given time period. Finally, many casinos like to offer bonus cash back on a weekly or monthly basis for their players who opt in and with this offer you will get a pre-determined percentage of your money back on the losses that you have made in this set time frame.
What should you watch out for with these bonuses?
If you take advantage of a cash back casino bonus, we would always advise you to look first at the terms and conditions as some promotions offer great ones, while others can be quite restrictive. Sometimes there are wagering requirements tied to this type of bonus that you will need to satisfy before you can be awarded your cash back.
For the wagering requirements, this is normally the number of times the player has to wager bonus cash in the casino to turn it into real cash. For example, if you get a cash back promotion as part of a welcome offer that gives you a deposit bonus, you will most likely have to wager this bonus cash a certain number of times before you are entitled to receive any cash back. This could also be part of the terms and conditions. Always check too if there are terms placed on what games you can play. Some slots will only allow very specific games to play and no one wants to wager their money only to find out that the cash back bonuses do not cover, for example, table and card games!
What is great about cash back offers is that many online casinos do not have any wagering requirements tied to them as they already see you as fulfilling your wager requirements when you have lost in a game. These are some of the best casinos to watch out for and where you are likely to return time and time again.
Are cash back bonuses worth the hype?
Cash back bonuses are a great way to buffer any losses that you could suffer from whilst playing at an online casino and for those who want to reduce their risk, this is the perfect way to do so. However, it is important to always check that the terms and conditions from the casino to ensure your cash back is fair. Overall, this is a great type of promotion to take advantage of at any casino and, as we mentioned before, this is one of the few promotions you will find at online casinos where you really do not have anything to lose and a lot to gain! We suggest that this type of promotion is also best for high rollers and, whilst not as profitable for low rollers, everyone can still get a good amount of bonus money returned to them.