Casino cashbacks. Properties and benefits

Casino customers often lose. Constantly going ‘down’ regardless of status and level of professionalism. The loss of the player’s own funds takes place 24/7.

And that is why gambling establishments are still afloat. If players were always in the black, the industry would be gone by now.

Why do casinos win from customers?

How do the operators bring unscrupulous gamers back to their establishments? They make offers with all sorts of incentives. This is what cashback was invented for. Let’s talk about it in more detail.

What is a casino cashback?

Cashback is a way of returning to the client a portion of the money he lost.

The amount of cashback is calculated by the total amount of money, which the player left in the institution. The second parameter is a certain percentage, predetermined by the rules of the promotion. It may depend on different criteria:

The status of the user,
The activity of the client,
The amount of losses, and so on.

For example, a casino will give 15% back within 7 days. A gamer deposits $1000 into a gambling account, and at the end of the week he has $900 left in his balance. Your payout is (1000 – 900)*% = $15.

The basic principle of cashback was not invented in gambling. It has been used in the banking industry for decades. Some well-known banks have made the favorable cashback terms their main “feature”, attracting numerous customers.

But casino cashback is different from this offer in the financial industry.

In banks, people are rewarded for using their plastic cards and making other transactions. They do not lose money but spend it in exchange for goods and services. The cashback becomes a welcome addition and an incentive for them to continue working with the institution.

At a casino, players who are unlucky lose money. Yes, they have had fun and gained experience, but these emotions are hardly positive. For them, the cashback is a consolation and an opportunity to gamble further.

In other words, in a bank, cashback is a tool to make money; in a casino, it is a way to partially insure against a total loss of bankroll.

In the gambling business, cashback predates the emergence of Internet gambling. Many real casinos have long ago refunded customers a portion of the money they lost. This practice survives to this day, although it cannot be called widespread. However, offline, this offer is usually applied only to VIPs, while online, this action is often valid even for newbies.

Types of casino cashback online casino

What kind of casino cashback? There are no unified rules in gambling, so each institution may introduce its own conditions.

It should be noted that the vast majority of operators charge cashback for a net loss. Very rarely there are promotions, according to which refund is calculated according to other criteria: amount of deposits, total proceeds or some other parameters.

Let us highlight the main characteristics of a cashback, according to which it can be classified:

Type of Customer – Is it a promotion for new or returning customers, for all players or VIP?
Frequency – Is it given daily, weekly, monthly or other schedule?
Amount – What percentage of the cashback is calculated? It may start at 1% and go up to very large figures.
Amount – Is there a maximum limit? Often you will not be able to get more than this.
Games – Does all games have a cashback? Sometimes it only works on certain slots or is not available on specified models.
Units – Is cashback payable in real money or bonus credits? In the latter case, it can only be gambled on.
Wager – If cashback is provided in the form of bonuses, how many times does it have to be wagered?
Compatibility with other promotions – Can I participate in more than one event at the same time?

Often online casinos will impose individualized cashback terms for players they deem promising.

Casino Cashback Rules

Now let’s take a closer look at some of the important features of online casino cashback.

What may be the percentage of the casino’s cashback?

We have not conducted a study to find out average online casino cashback rates. However, the most common rewards, based on observations made by both online casino reviewers and real players, range between 5% and 20%. Sometimes it is as high as 25% or even 30%.

Values of less than 5% are rare, because this kind of offer is unlikely to interest clients. However, sometimes new customers can count on only a minimum cashback, not exceeding a couple of or three percent.

If the online casino has a loyalty program with multiple levels, the cashback increases as the player’s status increases. The difference between the starting value and the maximum cashback can be enormous.

In what units is the cashback credited?

There are two main formats:

Cashback is provided in real money. In this case, the client can use them to play a game or order a payout immediately.
The refund comes in the form of bonus credits. These can also be withdrawn, but first these funds must be wagered.

If we are talking about the second option, it is necessary to study the requirements of the wager. Usually they are not very strict. It is enough to scroll through the cashback a few times, making bets for the required amount.

However, you should find out in which games you can wagering cashback. Sometimes it cannot be done on blackjack, video poker, roulette and other models with high RTP. Other restrictions may also apply.

Which games are available for cashback?

Most of the time it does not matter which games a customer loses money in. If the casino has a cashback system, he gets a refund in any case under the stipulated conditions.

But sometimes there are promotions where cashback applies only to certain slots. Usually in this way the institution attracts customers to certain games.

Is there a maximum amount of cashback set?

Not always. Many large online casinos determine the percentage of returns and do not limit the payout amount. In fact, the operator is interested in making sure that the customer loses as much as possible and is willing to encourage this in any way possible.

However, sometimes maximum limits are set, which is especially important for high rollers. If you are going to play for high stakes, check this point right away.

VIP cashback at online casinos

The best online casinos provide VIP cashback on special terms. This is expressed as follows:

First of all, the percentage increases.
There is usually no maximum limit.
Refunds are either real money, or bonus funds with a minimum wager.
Cashback can be provided frequently or on a flexible schedule.

It can also be complemented by other services and promotions.

Cashback for Advance Players

First of all, let’s define who is meant by this definition:

Adventive is a casino customer who plays for results and uses whatever means at his disposal to achieve it.

These are professionals who select games of chance with maximum returns, play with optimum strategy, resort to extra tricks and try to get the most out of all of the house’s promotions.

In the long run, the professional is more likely to stay in the black, so he is not entitled to a cashback. But within a day, a week or even a month, he may be on the losing side. Accordingly, he is entitled to a refund. This helps him gain a mathematical advantage over the casino for a long time.

Understanding this, the operators may impose restrictions for such gamers. Such clauses may be spelled out in the rules, but more often it comes down to a clause along the lines of:

“The institution administration has the right to deny the player a cashback at their own discretion”.

Nevertheless, there have been several cases in the history of gambling, when insidious customers received huge amounts of cashback, taking advantage of the imperfections in the rules of promotions.

Other promotions for regular players

Cashback is not the only offer that gambling operators make to loyal and valued players. Establishments try to retain customers through such promotions:

A loyalty programme is a system of various types of rewards. It usually consists of statuses. The higher the level, the more privileges the customer is entitled to. Often the loyalty programme allows players to earn points for betting. The points you earn can be exchanged for cash. When upgrading to a higher status, the client is usually entitled to gifts: free bonuses, freespins and so on.
Personal no-deposit bonuses – Free casino bonuses are awarded not only for registration. It is not uncommon for an institution to reward players with such promotions on an individual basis.
Reload bonuses – Regular deposit bonuses are available at most establishments.
Free tournaments – Customers simply play for money as usual and are automatically entered into slot tournaments. If they manage to be among the winners, they receive real money, bonuses, comp points, freespins or valuable gifts.
Prize Draws – These promotions can be organised under different conditions.
Race – This is a special format of speed tournaments. The winners are usually the customers who have collected the maximum number of points during the game.
Giveaways – Most gambling sites will give birthday gifts, but other options are also possible.

Of course, the maximum number of perks are available to VIP players. At the best casinos, they get increased cashback, regular large bonuses, invitations to private events, inflated deposit and withdrawal limits, accelerated payouts and much more.

How do you feel about casino cashback? Is it worth counting on? How effective is this promotion for customers? Does it only play into the hands of the institution?

When you check out a new online casino, you don’t want to think about losing. You’re reminded of big payouts, generous bonuses, freespins, comp points, and other tempting options.

But reality is harsh. It’s merciless to people who don’t remove their rose-tinted glasses. Remember:

Therefore, if the casino has a cashback system with favorable terms and conditions, consider it a fat plus. May fortune be kind to you and not allow you to take advantage of this promotion. But if that capricious lady gets mad at you, cashback can help you stand your ground and wait out the rough patch.