Ask any casino player what they think about cashback bonuses, and there’s a good chance they’ll respond with the same enthusiasm had you asked pretty much anyone what they think about Taylor Swift. If you’re new to the world of online casinos, today we’ll be talking about cashback bonuses and what makes them so awesome.
As the name would imply, cashback bonuses are promotions that are directly related to any losses you might have incurred. In this case, the casino commits to return a percentage of these house wins, crediting your account at the end of each week.
Perhaps one of the most tempting features of these promotions is the fact that they have lower than usual wagering requirements. But this is not what this article’s about, for an informative guide on how they work, we suggest for you to read this article by NoDepositBonus.guide, it’s pretty exhaustive on give a breakdown of the ins and outs of them.
So, what makes them so wildly popular? That’s what we’re here to highlight today, join us in exploring cashback bonuses and why we can never get enough of them.
1. Player Appreciation
While there’s a chance you might have won big money at a particular casino in the past, there’s also an equal chance that you might have lost some too. In this case, the casino is able to recognize player loyalty and show its appreciation by including a cashback bonus during a selected period of time. In a way, it’s always nice knowing that you’re able to play your favorite games and should it all go wrong some of it will be returned in a couple of days.
2. Lower Wagering
Just like we mentioned earlier on, these types of bonuses not only return funds into your account but also include lower wagering requirements when compared to standard bonuses. If you’re struggling with the terminology, wagering refers to the number of times you’d need to place your bet before the bonus is converted into real money that’s available for withdrawal. By decreasing this requirement significantly, there’s statistically a higher chance for you to walk away with a real cash prize.
3. Budget Power Ups
Even though it might be really tempting to think it’s fine to overspend a little because you’re also getting a little bit back, rest assured that it’s also the worst idea ever. Instead, think of cashbacks as a surprise delivery at the end of the week that’s completely unrelated to the current situation. Define your financial parameters and stick with them, which is the only way to guarantee your cashback bonus is actually a win, win situation.
4. Simplicity At Its Best
Rather than having to browse through long and complex terms and conditions, cashback bonuses generally include few rules that need to be followed. In most cases, cashbacks are set at a percentage of anywhere between 5-25% and will be capped at a certain amount, meaning that any losses over and above that will not be accounted for. From there, all you’ve got to do is enjoy your favorite games and let the algorithm do the rest of the work for the rest of the week.
5. A Multi-Use Bonus
Unlike other promotions that can only be claimed once, cashback bonuses typically operate over a particular span of time. Depending on the promotion selected these could be activated on a daily, weekly, or monthly basis. The thing is, once you opt in the first time, any real money game from there on will contribute towards this bonus once the time is up. This allows you the freedom to do your thing while knowing that there’s a bonus you weren’t really expecting coming in a couple of days.
6. A Handy Safety Net
And since we’ve already covered the responsible gaming aspect of things, cashback bonuses might also be a fun way to experiment a little outside your comfort zone while always keeping your gaming budget in line. By returning a percentage of any losses incurred, this might be the right time to try some new game you’ve never played before or take a little more risk than you normally might for the thrill of the game.