Modern online casinos offer players a wide range of different bonuses and promotional deals. They are designed to improve the casino experience and incentivize players to return and try out new games and products.
However, for the newcomer, it can be a little confusing when trying to learn all the different terms and jargon. Some phrases may seem a little strange, so it’s important to do your research beforehand before jumping in and checking out some bonuses for yourself. Cashback bonuses are among the most popular types of bonuses you’ll see on online casino platforms. What are they? Let’s find out.
What are Cashback Bonuses?
Casinos like to reward their most loyal players, and one of the most common ways to do so is through the use of cashback bonuses. In physical casinos, loyal players are traditionally rewarded with luxury gifts and items, often known as ‘comps’. These include things like free stays in lavish penthouse suites, dinners, and free tickets to shows and events.
However, online casinos don’t see their players face-to-face, and so have had to devise other ways of expressing their gratitude and appreciation. Cashback bonuses are currently the most popular way to do so, and they are used widely across the online casino and iGaming landscape to reward loyal, VIP players.
Cashback bonuses are self-explanatory and simple to understand. They offer players a portion of their bet back in cash, or sometimes in credits that they can use to place further wagers. They are designed to minimise losses and help maintain a player’s bankroll.
How do Casinos Handle Cashback Bonuses?
Different casinos handle cashback bonuses in different ways, and each will have its own particular rules regarding the process and how it all works.
Generally speaking, you can only expect to receive a cashback bonus if you are a regular player who is wagering considerable amounts of money. The amount you wager will determine how much cashback you are offered, but you will usually see anywhere between 5% and 20% of a player’s wager being offered as a cashback bonus.
Some casinos automate their cashback bonuses, they will be offered automatically to players wagering over a certain threshold. This is one of the most common approaches these days, but some casinos still require players to reach out and request or apply for a cashback bonus.
Cashback bonuses will also come with certain terms and conditions, which again will differ from casino to casino. Wagering on some games may not count towards a cashback bonus. Check out this list of all casino cashback bonuses to learn more about the differences you’ll find from platform to platform.
Cashback bonuses are just one of the many different types of bonuses and promotional offers that you’ll come across when exploring the world of online gambling. We’ve listed a few more below. Read on to check them out.
Welcome bonuses are probably the bonuses you’re going to see advertised the most, as these are designed to draw in brand-new players who aren’t already members of a casino.
Welcome bonuses come in various different forms, but they will often offer some sort of deposit match. What this means is that if a new player makes an initial deposit into their account, the casino will then match it, giving them more cash to play with.
Some welcome bonuses also offer free spins or plays on certain games. This can give new players the chance to get used to how games work without having to risk any money.
The online gambling industry is growing rapidly, expected to reach a value of over $114 billion by 2028. This success is driven by new players, and as more join online casino platforms we can expect to see more welcome bonuses on offer.
Online casinos are always looking to bring in new customers, and as a result, many will offer bonuses for players who bring new people onto the platform. These are known as referral bonuses, and they can be seen almost as a form of marketing, encouraging existing players to raise awareness and spread the word about the brand.
Players looking to benefit from a referral bonus must first send a unique link to a friend or family member. This person then uses this link to sign up for the casino, with the referring players then rewarded with free bets, credits, or cash once the person makes their first deposit.
Casinos use cashback bonuses to reward their most loyal players. However, they’re not the only bonus you can enjoy when visiting an online casino, there are plenty more for you to explore.