How To Choose The Best Cashback Casino Bonus
Choosing any online casino bonus can be a complicated task, because the Terms and Conditions applied can be unclear, tricky, or unfavourable. This is especially true for the best cashback casino bonuses which are still rare and some sites prefer giving cashbacks only under some specific conditions.
When choosing a cashback promotion at a cash back online casino, make sure you check the Promotions page, Bonus Terms page, and the general Terms and Conditions page.
All three pages can contain different elements of the offer, so all three pages need to be checked. The list below discusses other important aspects and nuances that must be considered when opting for a cashback by a betting site.
A word of warning - in case you find it hard to assess the bonus offered to you, objectively, or you feel it is not an advantageous one, try to find a comprehensive review like those offered by casinosHunter, to get a second opinion. In other cases, better to avoid the bonus altogether.
The percentage of cashback usually varies from 3% to 50% maximum, depending on the casino site’s preferences. Daily, weekly, monthly cashbacks are likely to have different percentages. As a rule, the percentage of cashback depends on the player’s account position in the VIP casino program. Lower (beginner-level) statuses may not be eligible for a cashback offer, so this is normal. The higher the level, the higher is the cashback percentage.
It is important to understand that the percentage alone is not enough to assess the cashback. High percentage may mean small eligible sum, or, what is more probable - higher than average wagering requirements.
Cashback Bonus T&C
Reading cashback T&C is crucial, as it is for any other casino bonus. The rules may differ, but the player has to keep in mind their own advantage. If the promo does not really seem attractive, it is better to proceed without it.
If the casino site seems to conceal specific facts or rules applied to the bonus, the player should either contact the customer support and find out more before claiming the bonus, or, avoid this bonus altogether.
Sometimes, casino sites are good at describing bonus rules in very cloudy form, speaking about the bonus but not really explaining anything particular. In this case, it also makes sense to contact the customer service, or avoid the promotion.
One of the main beauties about cashbacks is low wagering requirements. Some cashbacks are completely wagerless, and the wagering requirements only apply to the initial deposits made by the player. This is a normal procedure that prevents money laundering.
If the wagering requirements are applied to cashbacks, they usually vary between x3 to x10. Very few casinos sites place higher playthrough requirements on cashbacks, because this is basically the players’ money just returned to them.
Another good news about wagering requirements is that these are definitely only applied to the sum of the cashback, and not on associated deposit, as it can turn out with regular casino bonuses.
Minimum Deposit Amount
Most of the time, the cashback percentage is calculated based on the loss amount, and not on the deposit amount. Sometimes casinos state minimum deposits eligible for cashback only to ensure the players do not deposit tiny sums. Usually, an average minimum deposit accepted by a casino site starts from $10 or equivalent.
If the cashback is calculated for a longer period of time, for example, a week, the cumulative sum of deposited money can be indicated as the minimum eligible deposit.
Minimum deposits eligible for cashbacks can be indicated if the cashback is a one-time offer with a short validity period.
Minimum Loss Amount
All cashbacks are calculated based on how much money the player loses during a certain period of time. Most cashbacks are weekly or even monthly; and the percentage is calculated from all the amount of losses during the eligible period.
Some casinos may apply loss limits, like they do with deposit-based bonuses; for example, the casino may offer a 30% cashback to losses starting from $20 and up to $100.
This means that even if the player loses more than $100 in wagering, they will get a 30% cashback only to $100 maximum. It is important to check the minimum loss amount eligible for a cashback; if the player feels they need to lose too much only to get the bonus, it should better be avoided.