Cashback is when a casino returns part of the funds lost by the player, providing an opportunity to compensate for some of the losses and extend the gaming session. In recent years, cashback has become a popular bonus among online casinos, as it increases player loyalty and helps to reduce the risks of losing. In this article, we will take a detailed look at how cashback works, what types of cashback there are, as well as what rules and conditions of its use you need to know.
How does cashback work?
Cashback at Pinup casino is a certain percentage of the lost amount returned to the player. Usually, the last cashback is calculated based on the bets that the player has made for the current period (day, week, month). If a player, for example, lost $100 and the casino offers a 10% cashback, the player can keep $10 on the refund. These funds may be available for further games or, in some cases, for withdrawal to a real account, depending on the conditions of a particular casino.
Types of casino cashback
There are several main types of cashback, each with its own features and conditions:
- Weekly or monthly cacheback. In this option, cashback is credited to the player once a week or month. For example, if a casino offers 10% cacheback once a week, it means that customers seven days after losses will be calculated and the current percentage will be returned to the player's account.
- VIP cacheback. Many casinos choose to offer cacheback to their regular and VIP players. In this system, the percentage of cashback can be attributed to the player's higher level in the loyalty programme. The higher the player's status, the higher percentage of the lost amount he can get back.
- Gaming Cashback. Some casinos opt for gaming-only cacheback, such as slots or table games. This type of cacheback allows you to earn income from losses on only certain types of games, which can be beneficial for those who prefer certain slot machines or roulette, for example.
- Cashback per deposit. Sometimes casinos award cashback not on lost bets, but on the amount of the deposit made. For example, if a player makes a deposit of $100 and the casino offers 5% cashback, he will get $5 back, regardless of the outcome of the game.
Terms and conditions for receiving the cashback
Here are a few of the main aspects to look out for:
- Cashback percentage. From casino to casino, the percentage of return varies from 5% to 25% or more. This information is usually stated on the bonus terms and conditions, and it can protect against the player's requirement or the type of cashback.
- Minimum loss amount. Some casinos set a loss threshold from which you can receive cashback. For example, if the final limit is $50 and the player loses $30, he will not be able to use the bonus.
- Period of accrual of cashback. Cashback can be granted for a day, a week, a month or even an entire gaming session. Watch the time frame carefully, as the cashback may not be available after the deadline.
- Cashback Wager. One of the important conditions is the presence or absence of a wager. A wager is a coefficient that determines how many times you need to wager the cashback before withdrawing your funds. For example, if the cashback is $10 and the wager is 5x, a player needs to wager $50 before they can withdraw.
- Maximum cashback. Casinos often limit the limit on the amount of cashback a player can receive in a certain period. Even if the return percentage is high, the amount of cashback may be limited to $100, for example.
- Opportunities to use the cashback. Sometimes cashback uses bonus funds that can only be used for gaming and cannot be withdrawn immediately. Also, cashback can be limited in the selection of games it uses, so it's important to familiarise yourself with the restrictions before using it.
Benefits of cashback for players
Cashback offers players many benefits, especially if they play regularly at an online casino. Here are the main benefits of cashback:
- Loss reduction. Cashback helps to reduce losses and mitigate risks. If a player loses a certain amount, they can get some of the funds back, allowing them to continue playing or even come out with current winnings.
- Loyal Player Support. Cashback is an alternative way to limit regular players, so many casinos offer this bonus as part of their loyalty programme. The longer a player stays active, the higher percentage of cashback they can receive.
- Increased game balance. Thanks to the cashback, players receive additional funds for betting, which can indicate the outcome of the game. Even small refunds allow the game to continue with new chances of winning.
Conclusion
Cashback is a convenient and beneficial bonus for those who want to minimise their losses at the casino and get an extra chance. Thanks to this bonus, players can compensate some of the lost funds and continue playing with less risks.
It is important to remember that cashback is not a guarantee of winning, it is a way to maintain your balance and increase your success. Learn the rules, follow the terms and conditions and cashback will become an important part of your gaming experience.