What is Cashback at Online Casinos?

How online casino cashback promotions work.

Promotions are at the marketing core of every online casino. No deposit bonuses, first-time deposit bonuses, reload bonuses, free spins – these are all common methods used to attract new players and retain the loyalty of existing ones. Sometimes, casinos will offer a little something extra.

Every once in awhile, an internet gambling site will promote what’s known as a cashback promotion. Not all cashback incentives work the same way. As always, read the fine print to see what it’s really about. Today, we’ll be talking about the standard variety of casino cashback promos.

What Is Cashback at Online Casinos?

Generally speaking, the term cashback is loosely defined as getting a portion of the cash you spend paid back to you. Credit cards that earn cash back might give you 1%, 3%, maybe even 5% back on qualifying purchases. This is precisely what it means at online casinos, as well, but in this case, it refers to the amount of cash you’ve lost.

Perhaps you’ve lost $100 playing the slot machines in the last week. If the online casino is running a 10% cashback promo, you would get $10 back. And because it’s a “cash” reward, there are no wagering requirements attached to it. The cashback you receive is real money. It can be played or withdrawn from your account at any time.

Cashback is only paid on a player’s net losses, not the total amount wagered. If you wager $200, and lose $100, you only receive cashback on the $100 lost. Bonuses are also subtracted from total losses, so if you claim any bonus credits during the promotional period, it could reduce the amount you earn in cashback.

Online Casino Cashback Promotions

As I said before, not all cashback programs are created equal. There could be underlying terms that effect how beneficial they are, like eligible games and promotional period dates. Always read over the terms of any promotion so you know exactly how it works.

The first thing you’ll need to find is what games are eligible for the promotion. It could be the casino only awards cashback on slot machine play. Maybe the campaign is geared towards live dealer games, or roulette tables. If so, losses on eligible games are the only ones that will award cashback.

Unfortunately, these types of promos aren’t as common as they used to be. Online casinos rarely host them year round. Not only will you have to find an online casino that’s offering a current cashback promo, you’ll want to see when it expires. It might be a month long deal, a one week deal, or even just a single day. Only losses incurred during the promotional period will count.

In some cases, there may be a minimum loss requirement to qualify for cashback. If the minimum is $20, and you only lose $10, you won’t earn any cashback.

All in all, online casino cashback promotions are are just another great way internet operators reward their players for their patronage. And if you don’t qualify for a cashback reward, that’s not necessarily a bad thing. It either means you won money, or you didn’t lose very much, and there’s nothing wrong with that!