Online Casino Cashback: How to Get Part of Your Losses Back and Receive Additional Bonuses
Not all online casino gaming sessions end with players receiving payouts. Often, visitors end up in the negative, losing part or all of their deposit. No one is immune to bad luck. Even adhering strictly to bankroll management principles and applying various mathematical strategies doesn't guarantee immunity from losses. It's important to understand that gambling is entertainment, and anyone can experience a losing streak. However, there are several ways to compensate for losses. One of them is cashback.
What It Is
The concept of cashback originated in the banking sector. Financial institutions devised it to incentivize customers to make purchases. With each purchase made using a bank card, people began receiving a certain percentage of compensation. Cashless transactions became more profitable than using physical cash.
Online casinos borrowed this idea but adapted it to the specifics of the industry. Here, cashback serves as both a marketing tool and an additional incentive for active gaming. However, it operates differently.
Gamblers on online platforms can receive cashback in two forms:
- Loss compensation: If the amount lost over a certain period exceeds the total volume of deposits and payouts, the operator returns a small percentage of this money to the user's account.
- Deposit cashback: Players receive additional funds for depositing money using specific methods. For instance, a bonus may be provided for depositing via an e-wallet.
The amount of cashback is calculated individually by each online casino. On average, it ranges from 5% to 15% and varies depending on the user's status in the loyalty program, their betting turnover, and so on.
Loss compensation depends on the net loss amount, calculated as the difference between all deposits made and the user's betting expenditures over a period.
The money is credited to the bonus balance and requires wagering, similar to any other promo. Before requesting a withdrawal, the wagering requirements must be met.
How to Claim Cashback in Online Casinos
The activation conditions for this bonus may vary across different platforms. First and foremost, it's essential to check the promotion rules on the operator's website or inquire about them from customer support.
Cashback can be activated in one of two ways:
- Automatically: If the account meets the participation requirements, the operator will credit money to the user's bonus balance once a week or month. If it's cashback for deposits, the corresponding amount will be transferred to the account after the transaction.
- Manually: In this case, users need to activate the promotion in the Personal Account settings, enter a promo code, or contact customer support. Bonuses with manual activation often have a limited duration.
Often, gambling platforms allow users to gradually increase the cashback percentage. This feature is linked to the operator's loyalty program. By placing bets on slots and other gambling entertainment, players earn points and advance through the program tiers. When an account is assigned a new status, the user enjoys improved conditions, including a higher cashback percentage.
How to Wager the Bonus
Like any other type of promo, cashback cannot be withdrawn immediately. There may be exceptions, but most online casinos require users to meet various conditions. The main requirements are outlined below.
- Wagering Turnover: The primary requirement is the wagering requirement, also known as the wager. It applies to the entire bonus amount and determines the amount of betting turnover required to wager the prize. The wager is expressed as a multiplier. For example, if the cashback is 300 rubles and the multiplier is x10, the user needs to place bets totaling 3000 rubles.
- Wagering Timeframe: There are no unlimited wagering periods for bonuses. Operators always set deadlines. If a client fails to meet the deadline, the cashback money will be voided.
- Betting Limits: While not always mandatory, this rule is quite common. When in place, the online casino sets limits on spin costs. During the wagering process, bets can only be placed within the specified amount.
- Eligible Games: The list of gambling entertainment eligible for wagering the bonus is also limited. Typically, only specific slots are included, and this list can be found in the bonus terms.
Although cashback is subject to standard wagering rules, clearing the wagering requirement is much easier here compared to other promos. This is due to the lower multiplier and longer wagering period.
During the cashback wagering period, all winnings received are credited to the bonus balance. They cannot be withdrawn until the requirements are fully met. If a user fails to meet the deadline, both the bonus and winnings for that period will expire.
If desired, players can opt-out of cashback payments. To do this, they need to disable the promotion in the Personal Account or submit a request to customer support.
