How cashback bonuses work: A comprehensive guide to this offer

You’ll rarely find cashback bonuses as a welcome offer but they do exist. Normally, these types of deals are promotions for existing customers. Whatever type of cashback bonus you’ve come across, this article will tell you what you need to know. Essentially, though, a cashback offer is just that: cashback. However, this cash isn’t usually on how much you spend, it’s on the losses you have, so amounts will vary. Here’s what you should know.

Here’s how cashback bonuses typically work: 

• Percentage return: There’ll be an amount like 5%, 10% or even 20% that you’ll get back over a specified time like a week or a month.  
  
• Qualifying period: There’s usually a qualifying period when your losses will be counted to contribute to the cashback amount you’re given.  
  
• Refund: Cashback bonuses are often credited as bonus cash, which might need to be played through before it can be withdrawn.  
  
• Promotional periods: These offers might be a regular, weekly event or a seasonal one, depending on the casino.

Most of the time, you need to opt into the cashback promotion. Here are the typical steps to get cashback: 

Step 1: Opt in  

You’ll need to opt into the offer on your account. 

Step 2: Meet the qualifying criteria  

This usually means playing (and losing) in a specified time period. 

Step 3: Receive your cashback  

The cashback amount will be calculated by subtracting any winnings or credits received from the total amount wagered – the negative balance determines how much cashback you’ll get.   

Step 4: Wager the cashback  

You’ll often need to wager the cashback so be sure the read the terms and conditions first before opting in.  

Cashback seems lucrative but you need to know what it’s all about and what you’re doing. Here are our top tips: 

• Read the T&Cs 
• Monitor your losses 
• Set a budget so you don’t overspend 
• Check for expiry dates for your cashback  

Cashback bonuses offer players a valuable opportunity to mitigate losses and extend their playing time. With a percentage refund, these are like a safety net. However, to make the most of these deals, players should ensure they’ve read the terms and conditions of the offer carefully.