Cashback in a casino is a way to recover part of a player’s losses. The casino returns a certain percentage of the money spent by the player on games in the form of cashback. For example, if a casino offers a 10% cashback on the money spent and the player loses $100, they will get back $10 in cashback. It can be a percentage of the money spent for a week, a month or a certain period of time.
Cashback can be offered as part of a casino loyalty program or as part of a promotion. This can be a good way to reduce losses for players who play at the casino on a regular basis.
There’s hardly any casino player that won’t like to get back some of the money lost while playing. This is why the bonus keeps getting increasingly popular by the day. You can find it at several Australian online casinos. Interested in learning more about the casino cashback bonus? In this guide, we have explained the cashback bonus in detail. You will learn how it works and discover how to seek a good cashback casinos.
How Does Work Casino Cashback bonus?
The casino cashback amount is calculated as a percentage of the losses you make during a specific period. The percentage rate usually lies between 5% to 25%. It is determined similarly to the deposit match bonus. However, the percentage of a cashback bonus applies to the loss made instead of the deposit amount. The deposit amount may only determine the maximum cashback amount you qualify for. Also, the wagering requirement is usually way smaller. And if luck is on your side, the casino may not even have a wagering requirement.
The period over which you qualify for a cashback is also determined by the casino. Cashback offers could apply to daily, weekly, or monthly losses. However, there’s usually a minimum amount to wager before you qualify for a cashback. There’ll also be a maximum cashback amount.
Let’s consider an example:
Assume that Casino A offers a weekly cashback bonus of 25% up to 160 AUD.
If you wager and lose 160 AUD during that week, you qualify for a 40 AUD refund. If you lose up to 800 AUD, you’re supposed to get a refund up to 200 AUD. Yet, because the maximum amount is 160 AUD, only 160 AUD will be returned to your account.
Also, if it has a minimum wager amount of 80 AUD and you bet with less than that, you won’t qualify for the bonus.
How to Claim casino cashback bonus?
Getting cashback casino bonuses is as easy as participating in other promotions. We have described in detail below the steps you should follow.
Find a suitable casino that offers a cashback bonus
Whether it’s a cashback sign up bonus or loyalty offer you want, you have to choose a casino first. Ensure you only choose a safe and licensed gambling site. Also, ensure that the casino has the types of games you love to play.
Register at the casino and confirm your email
After choosing a casino that offers cashback, create your account and complete all verifications. If you already have an account on the platform, skip this step.
Complete the conditions for receiving the cashback bonus
If it’s a cashback sign up bonus, you will have to deposit a minimum amount of money. But if it’s a loyalty bonus, you may just have to wager up to a certain amount or be at a specific VIP rank to qualify. Whatever the conditions are, complete them to make your account eligible.
Get your cashback bonus
After completing the conditions, your bonus will most likely be credited to your account instantly. If it isn’t, you will get instructions on how to claim it in the terms and conditions.
Types of Cashback Bonus
Online casino cashback bonuses come in different forms. We have described the popular ones below.
Cashback with welcome bonus. This is an offer to reduce the betting risks for new players. You qualify to get the bonus after wagering and losing your first deposit amount. There’s usually a minimum amount you must deposit to qualify.
Cashback on losses. These are refunds from your losses made while playing games. It is usually available to existing players on a site and not new players. The bonuses can be offered daily, weekly, monthly, or during special promotions. It can also be for a single game or a selected number of games.
Cashback on total bets. This form of cashback is determined by the total amount wagered and not the amount lost. The offer gives you a percentage refund of your total bets during the specified period. You might also be required to make a new deposit.
VIP program. The VIP cashback offer is designed to reward loyal players on the site. Many casinos usually have a VIP reward system that involves levels and ranking of members. The higher you are in the VIP structure, the better the cashback offer you’ll get.
Comparison between the various types of cashback bonuses
Type of Bonus
Deposit required?
New players?
Existing players?
Restricted eligible games?
Cashback with welcome bonus
Yes
Yes
No
Yes
Cashback on losses
No
No
Yes
Yes
Cashback on total bets
Sometimes
Sometimes
Yes
Yes
VIP Cashback
No
No
Yes
Sometimes
Terms and Conditions
You shouldn’t get too excited about the cashback bonus and forget that there are terms and conditions to guide the usage. Each casino has its bonus terms, thus, you must familiarise yourself with them before claiming any cashback offer.
A good casino will make sure that players can readily access its bonus terms and conditions page. If you notice that the bonus terms of a casino are hidden or unclear, avoid the platform.
Some terms which must be clearly stated include the wagering requirement, validity period, cashback percentage, maximum withdrawal amount, and bonus amount. These terms help to determine the best cashback sign up bonus offers.
How to Find the Best Cashback Bonus in Australia
To avoid being scammed, it is important to know how to find a good cashback casino bonus. Some Australia online casinos tend to offer high amounts of the bonus to attract players but set difficult conditions that ensure the players never benefit from the offer.
Below there are some important parameters to help you choose the right offer:
Cashback percentage: High
Validity period: Long
Bonus size: High
Games restrictions: Little or None
Wagering requirement: Low or None
If a cashback bonus checks all the above parameters to your taste, it is the right offer for you. Here on our site, we present you with a list of the top platforms with the best cashback casino bonus deals. Simply go through our list to select a suitable one.
Unfortunately, some casinos do not offer this type of cashback bonus. These, for example, include the Golden Crown casino. However, this is not a problem for this brand, since most users agree that the Golden Crown Casino sign up bonus is one of the most progressive in Australia.
Benefits of Casino Cashback
Casino cashback bonus offers have numerous advantages. If you’re still wondering whether or not to take a particular bonus-related offer, here are the benefits of casino cashback described in detail:
Pluses:
It softens the blow when you lose. When you lose, the casino helps you lessen the burden by giving you a percentage of your lost bet. With this cashback, you can play more on the site even when you’ve used up a real money deposit.
Rewards for loyal players: You don’t have to move from one casino to yet another down the line for new bonuses. Just keep playing and the cashback will be your helping tool in enjoying more game time.
Wager-free requirements. You might be lucky enough to find a no-wager cashback bonus. When this happens, you can withdraw your wins without limitations. And even when there is a wagering requirement, it is usually very low anyway.
Simple and straightforward offer. The bonus is very easy to understand. You don’t have to follow several steps to claim it. The only thing you might have to do is opt-in or confirm that you want the bonus.
Minuses:
Cashbacks have complex accrual conditions that need to be studied for a long time to really make sure that they are profitable.
FAQ
What Is a Cashback Bonus?
Simply put. a cashback bonus is a percentage refund of money lost or wagered on games at a given casino.
When Should I Use Cashback Casino Bonus?
The bonus is usually given after you lose a specific sum during a certain period. Once the money is refunded to your account, it is available for use immediately.
Should I Use My Casino Cashback Bonuses?
Definitely so. A casino cashback bonus is a great offer. Nevertheless, ensure that the terms and conditions of the casino of your choosing are suitable. If they are not, it is better to ignore the promotion.
Is Cashback Bonus Legal?
Yes, just like every other form of casino bonuses is. What you should be concerned about is the legality of the casino site itself. Once you ensure that the bonus casino is licensed by a trustworthy gambling authority, it is safe to use the bonus.
Where Can I Find Good Cashback Bonuses?
A good cashback casino is one with a great cashback bonus amount and convenient terms that are simple and straightforward. Here on our site, we have the best list of top casinos with good cashback bonus deals. Simply check through our list and choose one to your liking.
Where can I find all cashback casino no deposit bonus?
You find the best Australian no deposit online casinos at onlinecasinohub.com/au.
Pluses:
Minuses:
