Cashback casinos gaining fame
Online casinos allow customers to play and bet on casino games over the internet. The fact that they also offer rich welcome bonuses is one of the reasons why they are so attractive to gamblers. Recently, there has been a rise in online casinos offering cashback bonuses. These casinos give more preference to cashback as opposed to other rewards. However, the question is, is it worth playing in a cashback casino?
While any form of compensation provides additional benefits, cashback bonuses offer something more. In fact, they give you more playing chances and also increase your bankroll. However, one should never forget that as much as gamers love being optimistic about their games, there are always chances that the outcome may be unfavourable. But let’s face reality — gambling is not a good alternative for earning extra cash, and even the most brilliant mathematical mind could fail in predicting winning statistics at the casinos.
To help ease your worries concerning the loss of money or whether cashback bonuses pay off, we have prepared a dedicated review for you. Here, we will provide you with all the information you need to enjoy even the most exclusive cashback offers.
Currently the Best Cashback Casinos
What is a cashback casino?
The first thought that comes to mind when you hear the word cashback is that you will get your money back. This could not be more accurate. It means that if you play with a certain amount of money and lose while gaming, the casino will give you back a certain percentage of that money.
No player is happy with losing a game and money, especially if it happens several times in a row. By reducing the pain of losing, players get the courage to place bets and play games again at the casino. This makes the bonus perfect for both new and expert gamers.
Why do online casinos offer cashback?
Most people are sceptical about getting offers that seem too good to be true. You are probably wondering why a casino would bear your losses. Well, there are many reasons why casinos offer cashback bonuses. They mainly offer this bonus because they want you to continue playing at the casino despite losing. Below are other reasons why online casinos offer cashback bonuses.
Cashback bonuses can be a good incentive for a new player to sign up and start playing online. A casino can differentiate itself from competitors and attract potential players by offering a special bonus, which the others do not. Online casinos also offer cashback bonuses to retain existing players and keep them wagering by providing some safety against losses.
Another interesting reason online casinos offer cashback is to encourage responsible gambling. Players may be more willing to set limits on their gambling behaviour and play more responsibly if they know that they are provided with a safety net.
Additionally, online casinos can use cashback bonuses to reward loyal players. An online casino can show that it values its customers by rewarding them and offering cashback bonuses on a regular basis.
All in all, cashback casinos are becoming very competitive than other types of online casinos. Their terms and conditions are definitively better than the others, which is why they attract so many players.
Claiming your cashback bonus
The first step to claiming the offer is creating an account with your chosen casino. It will only take you a few minutes to fill in the registration details and complete the process. The cashback bonus is one of the most straightforward bonuses to claim. You only have to play games at the casino using real money. When you lose, the online casino softens the blow by returning some of your lost money.
Every casino has its own rules, and this also affects cashback bonuses. It is then essential that you carefully review the terms and conditions before playing. While in some casinos, the cashback program is automated, in others, you will have to request it yourself by contacting the casino cashier or reaching customer support, your VIP team, or VIP Account Manager. Additionally, cashback bonuses are usually bound to certain games, so make sure to choose the right one.
How does a cashback casino work?
You must consider that online casino games are designed to favour the house. This means that losses are absolutely unavoidable. However, there is more on the road for you. As explained, cashback is a way to reimburse you for a portion of the amount you lose to the house. This amount is not fixed and is a percentage of your losses.
In most cases, it ranges from 5% to 20%. The percentage can be for your daily, weekly, or monthly losses. Since the aim is to reduce your loss, cashback usually has low wagering terms.
Online casinos offer this type of bonus in addition to other offers such as free spins, welcome bonuses, and more. Moreover, online casinos allow you to claim cashback bonuses after depositing. This means that the casino will automatically credit the bonus to your account. Be aware that you must wager the bonus a specified number of times before making a payout.
Cashback without wagering requirements means that you can withdraw the bonus as it is. However, this rarely happens. On the other hand, there are other online casinos that provide you with a code to redeem the offer. In the next section, we will discuss cashback bonus terms and conditions and their components.
Best Cashback Casino Bonus 2023
If you’re looking for the best cashback casino bonuses in 2023, we’ve got you covered. As a disclaimer, we must say though that the best one of these hefty bonuses depends on your own preferences. The gaming and gambling experience in a certain casino may differ for you and me quite a lot. But anyways, this list is a good place to start and the bonuses are ranked from the best to the least good cashback casino bonuses.
The Best Cashback Bonuses
Terms and conditions
Before choosing an online casino, you must do your research. Always take your time and read the terms and conditions before claiming any bonus. If you take a wrong step, you might violate the bonus terms, and the casino can forfeit your bonus. Terms and conditions are a basic component of most casino bonuses, and they include the following.
You have probably come across this term many times. This is because almost all casinos have wagering requirements that must be met before making a payout. In simple terms, this refers to the number of times that a player must play the bonus before qualifying for a withdrawal.
For instance, if the casino awards you $100 as a cashback bonus with a wagering requirement of 10x, then you have to play the bonus 10 times. When reading the terms, make sure you check whether the wagering terms are based on the bonus amount or on both the deposit and the bonus amount. As mentioned, no cashback wagering requirement is quite rare.
Wagering requirements are an important factor in selecting the best online casino. If you choose a casino with strict wagering requirements, you will likely make a less favourable payout. Hence, go for the casinos with low requirements.
Size of stakes
Most players often dismiss the terms on stakes or need help understanding them. More online casinos are starting to incorporate them in their terms, hence the need to review them well. Words on the size of stakes usually indicate that any wager you place cannot exceed a certain level. The stake size is expressed as a percentage of the bonus amount. An example of this term is that the online casino can indicate that you cannot stake more than 20% of a bonus on a single wager. Online casinos include these terms to ensure that players have fair gaming.
Cash or play bonus
An online casino bonus is a reward to punters, which is offered as an incentive to play, whether it be sign-up, loyalty or deposit based. However, online casinos give you a bonus as cash or as a play bonus. Be aware that the body of the bonus can never be directly or immediately cashed out to you.
If the cashback bonus is credited as cash that can be withdrawn, it is considered a cash bonus. This means that you can use the cashback bonus to play games or withdraw it from your account.
On the other hand, if the cashback bonus is credited as a bonus that cannot be withdrawn in cash, it is considered a play bonus. This implies that you can use the bonus to play games but cannot withdraw it from your account.
Please, always ensure you read the terms and conditions of any cashback bonus offer carefully to understand whether it is a cash or play bonus and other specific requirements. Only after that, you can decide whether to accept it.
While cashback casinos are attractive to everyone, some restrict the games you can play with the bonus. Game restrictions are now very common in online casinos. When doing your research, it is preferable that you choose an online casino that allows you to play your favourite games with bonus funds. You will find the list of games you can play with the bonus in the casino’s terms and conditions.
As mentioned, casino games are always in favour of the house. In this regard, online casinos can limit the amount you can win when playing with bonus funds. These limits apply mostly to games that can deliver you winnings with a large amount of money compared to your stake.
You should always watch out for this component of cashback bonus terms and conditions. The bonus offer may have an expiry date that can last from 7 to 14 days, after which the casino forfeits it. You should then claim and use the bonus funds before it expires. The casino can place time limits on wagering terms as well. Be careful to wager the bonus within the specified time frame, or you will lose it. If you need clarification on any of the terms and conditions of an online casino, do not hesitate to contact their support team.
There are other bonus terms that are not included in this review, but the ones mentioned above are the most common and useful to know.
Cashback Casinos 2023
Types of cashback offers
Like most bonuses, cashback can come in many forms. Here are the common types of cashback offers that you will find at an online casino.
Cashback welcome bonus
As the name suggests, this bonus offer is available to new users when they sign up at the casino. This cashback offer is part of the welcome package and is usually credited instantly to your account after you play the games and lose money.
This applies to high rollers and loyal customers. For this offer, all VIP program members receive back a percentage of their losses. The percentage can be fixed or for all levels, or it can be based on their loyalty status.
This applies to online casinos that award you with a cash return for your losses after a certain period of time. The cashback bonus may be automatically awarded weekly or daily. Daily cashback offers stand out since you can claim the bonus seven times a week as opposed to claiming it once a week.
We bring to your attention one of the Poker casino cashback offers: the rake cashback. Moreover, this is one of the best cashback offers. While others require you to lose money, so the casino can return some of it, the rake cashback is different. This is because you do not have to lose money to get it. All you have to do is play games at the casino. Online casinos usually take a small portion of the wins made at the casino. This money is called a house rake, and sometimes, the casino can award you a rake bonus. The trick here is to identify the top casinos with this bonus and ensure that you improve your gaming experience with Poker.
Cashback casinos: what to look out for?
Now that you know what cashback casinos are and how they work, the next step is to find the best one for you. Here in this section, we will guide you through the features of the best online casinos with this offer. Essentially, you should consider the safety, the games on offer, and the cashback percentage. Bonus validity is also an essential ingredient to consider when selecting your favourite one.
This is probably the most important feature of any online casino. If the casino has a valid licence and verification, you can sit back and relax, knowing you are in safe hands. Online casinos are not immune to scams and hackers. Consequently, your first priority should be ensuring the cashback casino is safe and secure. Licensed casinos usually include their licence number at the bottom of their website.
Games on offer
Not all casinos offer cashback for all games. Online casinos list the excluded games in their bonus terms and conditions. A casino may then not offer cashback for your favourite games, hence the need to research and identify the one that suits you. Responsible gambling policy is another useful criterion to consider when you make your choice for an online casino.
The higher the percentage, the higher the amount you get. Most casinos tend to set the percentage in the range of 5%-20%. If it goes higher, then you might probably consider that casino. This is because it will increase your winning returns. For instance, if you lose $100 when playing, 50% cashback means you will get $50 back.
You should always consider the amount of time that the bonus is viable. A validity of fewer than 5 days is probably a bad idea. With more time, you will be able to maximise the bonus.
Are you new to online casino gaming, or have never tried the fortune with a cashback casino? No problem. We inform you that the payment methods follow the same rules as other online casinos. That means PayPal, credit cards, Visa debit cards, and bank transfers are accepted as valid among the most popular options. Several lesser-known payment options, such as the Paysafe card and crypto payments, have emerged in the last few years.
It’s important to choose an online casino with several payment methods to make gaming activities seamless and easy. This may include e-wallet and crypto options. We recommend going through the payment methods provided by the casino. And please remember, every casino differs from the others. So, take your time, do your homework, and go through the deposit and withdrawal limits of the online casino. This will help you decide if it suits you or not.
Pros and cons of a cashback casino
While cashback offers are exciting, there are always two sides to a coin. Fortunately, the pros of these offers outweigh the cons.
- Reduced risk with a safety net for losses: it is unavoidable that players lose their money while playing at the casino. The main advantage of a cashback casino is that it provides you with a percentage of your losses back as cash or bonuses.
- Promote responsible wagering: the idea of getting some of their losses back can encourage some customers to gamble more responsibly because they are provided with a safety net.
- More playing chances: if you have a safety net over your losses, you may be more inclined to take more shots at your favourite games.
- Online casinos have no or low wagering: you are more likely to get a favourable payout at a casino with low wagering requirements.
- Appreciation to loyal players: it is gratifying for regular players to feel appreciated with a valuable bonus, so they can continue playing at the casino.
- Competition with other casinos: cashback bonuses are an advantage for the house, which can raise the competition with other casinos offering more traditional bonuses. They retain and attract old and new players.
- Can be an incentive for players to chase losses: you may be tempted to chase losses in order to qualify for a cashback bonus, which can lead to problem gambling behaviour. Regardless of bonus offers, it’s important that you only play with money you can afford to lose.
- Restrictions on cashback: Several restrictions may be associated with a cashback bonus. You should always read the terms and conditions of any cashback offer carefully to understand what restrictions may apply and if it is worth it.
Frequently Asked About Cashback Casinos
No. Nevertheless, some casinos offer other bonuses, such as free spins and deposit bonuses, instead of cashback bonuses. However, most online casinos are adopting the trend.
Yes. In exceptional circumstances, a cashback casino can refuse to pay out. For instance, when clear customer identification is not provided or wagering requirements are not met. These are mandatory criteria.
The most common cash return rates range from 5% to 20% but can go as high as 50%. You should check the term and conditions before playing. Online casinos tend to have the best offers compared to others.
The main reason why people shy away from casinos is that they are afraid of losing all their money. However, a cashback bonus allows you to redeem yourself by giving you back some of the money that you have lost. This is one of the best bonuses you can find at any online casino, as it promotes responsible wagering. The terms of the bonus can differ from one casino to another, and thus it is essential that you carefully review a casino before playing.
Our advice is always the same; read the terms and conditions carefully before you start playing. This will help you avoid any surprises when you are making a payout. Also, it is important that you notice that casinos tend to restrict this bonus to certain games. Interestingly, cashback is usually not exposed to strict wagering terms.
Finally, there are certain things to consider when choosing a cashback casino. This includes safety, games on offer, payment methods, and bonus validity. A cashback bonus can be interesting to use, but you should never see it as a way to chase losses. Whenever you feel you’re gambling beyond your control, you always have the right to self-exclude yourself from an online casino. There are also several organisations you can contact for help. Always gamble responsibly.
Why to Use Lionbonuses.com?
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