A Cash Back bonus is a great opportunity for you to advance your play and a great opportunity for casinos to reward your loyalty. However, you might be wondering what exactly a Cash Back bonus is. You might also think it strange that casinos are giving away money! Read below to get more information on what a Cash Back bonus is and how it can help you as a player.
What Is A Cash Back Bonus?
A Cash Back bonus is primarily a chance for casinos to show that they care about their players. Basically, a cash back bonus means that a casino will add money into players’ accounts if they have made a loss of some kind. The purpose of this is to ensure that you feel looked after, to give you more chances to win in the future and to gain your loyalty. Losing money on a game can come as a real blow, and it is good to know that the casino is there to help you get back on your feet and continue the game.
How Does the Cash Back Bonus Work?
The amount of money you receive is calculated from the total losses incurred during play. If you lose all of a real money deposit, the casino will give a portion of it back to you for free. Since you have already devoted this money to gaming, the cash back bonus serves to replenish your gaming fund and let you go on playing for longer. As you know, the longer you play, the more chances you have for winning. There’s nothing to lose, it’s basically money for free.
What Are The Terms And Conditions?
The Cash Back bonus varies in size, coming in at anywhere between five and 20 per cent of your original real money deposit and can be calculated daily, weekly or monthly depending on your game of choice. Not all sites offer cash back bonuses and the bonus itself will vary according to the casino and the particular promotion.
The Cash Back bonus is only applicable to players who have deposited real money, and there is usually a minimum deposit required before the bonus will come into effect, as well as a maximum withdrawal limit.
Depending on the game, the Cash Back bonus can come in the form of money directly deposited to your casino account or it can be awarded in the form of points to be used later.
Are Cash Back Bonuses The Same As Regular Bonuses?
In a word; no. Cash Back bonuses are often directed towards newer players on sites, who might not have as much confidence. The cash back bonus, therefore, serves as a safety net to give them confidence and to keep them playing, practising and honing their gaming skills. When gifted to longer-term players who have a sense of loyalty to the site, the Cash Back bonus is given to reward that loyalty and to facilitate the players to reach new achievements and developments in their gaming efforts.
Cash Back bonuses tend to be much quicker and more effective than regular bonuses. Cash Back bonuses are often deposited directly into your account, making them easier to access and to use instantly.
Having said all that, the Cash Back bonus is sometimes subject to the same wagering requirements as other bonuses. This means that although the player will have a percentage of their losses returned to them, they will then need to continue playing with this money a number of times before they are allowed to withdraw it.
Cash Back bonuses help to extend your play for longer, giving you more chance to hone your skills and adjust to the rhythm of a game. While no-one wants to make a loss, gaining a cash back bonus after a rough patch in a game can help you re-enter the arena and launch yourself back onto a winning streak. Also, because you are playing with the casino’s money and not your own, you are likely to take a less cautious approach and take more risks, an attitude which might help you win big the next time around. Playing on a Cash Back bonus lets you gain more experience at very low risk, helping you to mature as a player.