Every gambler has experienced a major let-down at least once in their lifetime by losing their entire deposit. However, online casinos are known to try and recompense their customers on such occasions, with the so-called cashback bonuses. This is a great way for you to recoup some of your losses.
The cashback usually comes in the form of a partial refund of the net losses players have accrued over a period of time as stipulated in the promotional terms. Some casinos would offer you cashbacks only on the losses you have generated on a certain game. The fixed percentage of the cashback may vary from 5% to 40% and the exact amount would depend on which online casino you play at. The most typical cashbacks are available on a weekly or monthly basis.
In order for a player to become eligible for this rebate, they must opt in at the beginning of the week or month, deposit, and then place real-money bets at the casino. Depending on the website, a minimum loss amount may be required to qualify for a cashback bonus. This refund is often awarded either in the form of free credits you can use to play with or in cold-hard cash you are permitted to withdraw from your balance.
There also may be a cap to the amount you can receive as a refund. To use the trusted operator NetBet as an example, players who participate in the cashback promotion at the website can receive as much as $10,000 in refunds on the losses they have suffered during the month. Since the cashback is in practice a bonus, it comes with specific rollover requirements like most other online casino promotions. In NetBet’s instance, wagering of 30x the refunded amount is applicable.
If there is one obvious benefit of opting in for a cashback, it is you are receiving some of the money you already have lost back. Also, cashbacks may be available for limited periods of time when they pertain to specific games only since the casino uses these refunds to promote new titles among its player community. However, in most instances, the cashbacks are actually ongoing promotions which you can take advantage of all year-round.
If interested in getting a partial refund on your losses, we suggest you try some of the casinos listed on this page as all of them offer appetizing cashbacks to their existing customers.