Here’s what to do to claim your cashback bonuses
- Sign Up/Register at an online casino
- Check out their bonuses/promotions
- Check the wagering requirements
- Meet the mentioned requirements
- Claim your cashback bonus
Sadly, in many cases this will depend entirely on how much money you spend in the casino. For most part, cashback is offered either to players who have lost a lot of money or who are part of a VIP or Loyalty Program.
Of course, there are other ways to get casino cashback bonuses. It could, for example, be something you claim as a Welcome Bonus when you make your very first deposit; The casino may top up your account with free bonus money or Free Spins to make you reactivate your account if you’ve been absent for a while; You could be offered to opt in to a cashback offer for the duration of a specific time period; Loyalty Points are redeemed for cash.
As you can see, there are several different ways to get casino cashback bonuses. It all depends on which type of offer from the ones listed above.
Cashback bonuses are a little different from the most popular welcome bonuses (no deposit bonuses, enhanced deposits and free spins) all of which often require the use of a bonus code. Bonus codes act as passwords which you can use to unlock a bonus. You can type them into the appropriate field during the registration process and your bonus gets credited to your account as soon as your registration is complete. Sometimes cashback bonuses can be claimed via bonus code.
Other times – especially in the case of cashback bonuses that aren’t part of a welcome bonus – you can opt into a live cashback bonus at any time, normally by clicking on the offer in your account, or in the cashier section of your casino.
Then there are casinos that don’t require you to do anything at all: the cashback offer is just a live bonus, in play for all players during the specified timeframe. The short answer is that claiming a cashback bonus all depends on the casino.
The same goes for actually receiving your recouped cash. Often your account will be just automatically credited with whatever refund you are due, but sometimes you need to actually make a claim. Your casino’s customer support can help with that, and anyway it’ll be clearly laid out in the terms and condition.
Speaking of which…
Terms and Conditions for Cashback Bonuses
Just like other casino promotions, there are certain terms and conditions to look out for with cashback bonuses. As always, we strongly recommend reading up on the conditions of any bonus you’re going to claim. That way, you’ll know exactly how to make the most of it and avoid unwanted surprises down the line.
Your first step is to check if your cashback comes with wagering requirements attached. If so, you won’t be able to withdraw your refund and instead, you’ll have to use it to gamble some more. You can find a full explanation of both bonus cash and wagering requirements in our guide to slot bonuses in general.
Anyway, many casinos offer true cashback bonuses – where your refund comes in cash – so you don’t need to worry about wagering requirements.
The concept of net losses is crucial for understanding how to make the most of your cashback bonus. Net losses refer to your overall losses over a period of time, taking into account any money you have withdrawn.
Say you deposit $100 and build it up to $150. Next, you lose $110 on slots, then withdraw the remaining $40. Your net losses in this case are $60 – and that is the amount that will be eligible for your cashback bonus.
This sometimes trips players up, especially if they end up making a few deposits and withdrawals in a short space of time.
The timeframe specified for cashback bonuses is also very important.
Say you have a 20% cashback bonus that is live over two weeks. In the first couple of days you win $800, withdraw your money and take a break. Then a week later you start playing again, and end up down $700.
Now, even though you’ve just lost 700 bucks in less than a week you’re not eligible for cashback, since you’re still up $100 over the whole two week period.
Cashback bonuses are always subject to a maximum amount you can claim back too, although your limits sometimes increase the more you play.