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Cash back bonuses represent a really nifty way to insure your gaming session against heavy losses yet never seem to be as widely discussed as other types of bonus such as free spins or cash matches. Perhaps that’s because they don’t provide the same level of instant gratification as bonuses that allow you to play for free but the savviest players know that cash back schemes should never be overlooked. There’s a reason why these are often the favourite type of bonus amongst serious players and high rollers.
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What Is a Cash Back Bonus?
The concept of ‘cash back’ is not exclusive to online casinos, but the term has different meanings in different sectors. In the gaming industry, cash back schemes provide you with an insurance policy that allows you to recoup some of your losses if your luck is out. There will usually be a few rules attached to each scheme and the percentage you receive back will vary, but the general principle remains the same. Ultimately, if you don’t win, you’ll get some of the money you wagered back.
How Do Cash Back Bonuses Work?
The terms of each cash back offer should be declared up front (unless you receive a surprise reimbursement without asking, which can happen when online casinos reward loyal players). You will receive a defined percentage of the cash you wager during a defined time frame, although the maximum amount you get back might be capped in some cases.
As ever, a quick demonstrative example probably explains it best. Let’s take a classic promotion, which would offer something like ‘10% cash back on all losses incurred on Wednesday up to €100’. This effectively means that if you wager €50 but lose €40, €4 will be automatically credited back to your account to soften the blow. Typically, you will only be able to use the money to play in the casino but some sites might even let you withdraw the returned money from your account straight away. You just need to check the terms of each individual promotion.
Where Can I Get a Cash Back Bonus?
Because Cash Back bonuses aren’t quite as widespread as other types of casino treat, you might have to look a little harder to find them. As they rarely feature in standard welcome bonuses, they are more difficult to track with any great certainty but we’ll do our best to help you find the best deals. You’re most likely to find cash back bonuses as part of:
- Recurring weekday bonus schemes – some casinos offer up a new bonus every day, and cash back will often form part of their armoury. You just need to know which day to play to take advantage of the reduced risk.
- Ad hoc promotions – casinos also like to surprise, so expect bespoke promotional campaigns to crop up all over the place, some of which will give you the chance to insure your losses with by taking advantage of a cash back offer.
- Monthly bonuses – some casinos will give you the chance to claw back a percentage amount of your losses each and every month. Over such a long period of time, you losses should even out if you play regularly. But it’s nice to have a cushion just in case you’ve inadvertently walked under a ladder and triggered an unlucky month.
- Loyalty rewards – show an online casino some loyalty and they tend to reciprocate. Cash back is often included as a reward for a player who becomes a regular at one particular site. Others casinos might only provide cash back to their top ranking VIPs.
Cash Back Loyalty Rewards
It’s worth expanding a little further on the cash back loyalty rewards you can earn at some casinos. Most sites run some sort of scheme but they can come in various guises. One of the most commonly seen is the principle of ‘points for prizes’ – and cash back is often included as a ‘prize’. Put simply, the more you spin the slots at your favourite casino, the more points you earn. And when you have enough points, you can trade them in for a cash equivalent. You just need to look out for the relevant loyalty reward schemes – and we’ll help you find them!
Why Are Cash Back Bonuses So Good?
They might lack of razzmatazz of a cash bonus or excitement of a free spins package, but there is a reason why cash back bonuses are so popular amongst seasoned casino players and big spending high rollers (or as they are otherwise known, the players who really know what they’re talking about). If you want to bet big or play small amounts regularly, then it’s great to have an insurance policy behind you. Cash back schemes just allow you to play with that little more freedom. Put simply, taking advantage of a bonus that is only triggered by an unsuccessful stint in an online casino might lack a bit of glamour but it can be exceptionally healthy for your bank balance.
You don’t necessarily have to make a deposit of fulfil criteria to receive a cash back schemes either. Just play with money already in your account and you will qualify for the reward. This means that slow burners will be rewarded just as keenly as prolific depositers.
The Best Cash Back Schemes
Cash back bonuses are not typically included in welcome bonus packages but if you keep your nose in the air you will be able to sniff them out. We’ll trawl through our catalogue of casinos in search of the best and keep you bang up to date with the latest opportunities for you to get a little bit back on your losses. So keep a look out for the latest news.