It is no secret that online casinos offer a variety of bonuses. Some of them are so common that any respected casino must provide them to their customers. For example, who will take a casino seriously without a bonus on your first deposit or its analog?
We have devoted a separate article on Casinoz to all this diversity, and now it will be continued, as it is met in the casino less than before. However, it enjoys great popularity among the players. Have you guessed what will be discussed? Continue reading.
What Is Casino Cashback?
Land-based casino employees and even regular visitors will remember that some (or even all) customers returned a part of the lost amount. It could be five or ten or even twenty-five percent. This practice was especially prevalent in the early days of gambling when the rules were too strict, and there were almost no professional visitors. Winning in the casino was difficult, and they allured customers at any price.
Almost all brick-and-mortar casinos gradually stopped giving cashback, only in rare individual cases. But they appeared in online casinos as a part of the loyalty program or in some other form.
Yet, not every gambling website offers cashback. Why? There are some obvious reasons for that.
The casinos offer bonuses to players, not from a desire to make it friendly and not only because the competition requires it. A well-built bonus program encourages customers to play. Most bonuses force players to bet for their wagering and turn into real money. While he plays a bonus, he might lose a part of his deposit.
Moreover, the bulk of the bonuses offered today does not represent an advantageous offer for a player. But let's not dwell on this subject because we have already discussed it in a particular article.
Returning lost money is based on the already made bet, so it is not useless and unprofitable for the casino. A client gets back a part of the money he lost and will not need to refill his account. He might lose it while wagering the bonus, but it does not always happen, and casinos do not want to risk it.
The risk of others playing in the casino exists, but winning is theoretically challenging. Of course, you can force the player to make a new deposit to get the cashback bonus, but it is unlikely to be popular.
The principle of such bonuses is simple.
- The player gets back some money he lost in the allotted period. It may be 10-15% of the amount he left at the casino for a day, week, month, quarter, and so on. The rules are strict, but the maximum amount of possible cash back bonus is usually artificially restricted.
- It can be carried out in online casinos constantly or be dedicated to some significant event (such as anniversary places). In a simple casino, such bonuses are credited on individual days of the week. Payouts may vary depending on the amount lost.
- Conditions for wagering such bonuses may be stricter than for deposit bonuses. For example, it is allowed on keno or slots with low-interest payments.
And still, casinos have some of the benefits of such bonuses. First, it strengthens the positive image and creates a friendly attitude of customers. The visitor wins and is happy, and the loser will not grieve if he gets a free opportunity to succeed. The next time, losing again, he would think that not all is lost for him.
What Casinos Offer Cashback?
As we mentioned above, usual online casino players rarely get this bonus. More likely, he is available to VIPs a casino is particularly interested in. Nevertheless, the cashback bonus is not yet passed into the category of myths and legends, and you can find it. For example, in the 777 Dragon, clients get 10% of the lost amount, but not more than 10 000 dollars, euros, or pounds per month. Wagering requirements for this bonus are minimal.
Good bonuses and interest in online casino rates are becoming less often, but still, they exist. Follow our publications to keep abreast of all the best in the exciting world of online gambling.