The most basic difference between a cashback bonus and other bonuses is the point in your session when you can claim it. Regular bonuses appear before or during your gameplay, but cashback bonuses take to the stage after your session is done and dusted. The appeal of getting some lost cash back is surely universal, but there are certain caveats that you should be aware of. These caveats are also accompanied by pros that should not be glanced over. This guide will clearly reveal these and other details.
It is a shame that you have to lose in order to gain something pleasant, but that is the nature of cashback bonuses and their mechanism of action. These bonuses give players back a part of their bets and might occasionally come in handy.
Cashback offers are nothing new. If you are an experienced online player, you have probably seen your fair share of these at various online casinos. But you might be a new punter that is just getting started. Regardless of your familiarity with the topic, we plan on giving you further insight and useful information that any British player can definitely appreciate.
In the most simple of terms, a cashback bonus is, as the name suggests, a bonus that gives the player back a part of his losses for a specific timeframe or deposit. A few examples of these deals are:
These bonuses obviously vary, and the percentages, returns, and other aspects differ from casino to casino, but the basic principle is the same. You will only ever encounter such a bonus after you deposit, play, and lose.
This might be rather disheartening since we are telling you that you have to lose in order to get a bonus. But look at it from a different perspective. Without these bonuses, there would be nothing to catch you, even partly, if you are to fall. And you will probably fall a lot, so the cashback offer that you opt for might prove rather useful. If you happen to have Lady Luck on your side and win, then this bonus is just a safety net that you thankfully never had to make use of.
Let us imagine for a second that cashback bonuses do not exist. Additionally, let us say that you had an exceptionally bad streak and lost your entire deposit. You are then left with nothing but a hole in your pocket and no way of assaulting the palisades of luck once more. This grim scenario is exactly why cashback offers tend to be so popular. They give you a bit of extra money after your loss and grant you another go at your chosen machine or table.
However, you must keep in mind that everything comes at a cost. The cost of this lifeline are wagering requirements that might unpleasantly surprise you. It is, therefore, wise to have a gander at the terms and conditions of a bonus along with its wagering requirements. But fret not. Most casinos tend to be mild in this regard since they realize that players have already invested effort, time, and money into their session and causing additional headaches tends to be senseless.
Wagering requirements for British players usually encompass a single wager. You can then freely withdraw your cashback bonus money. This is usually rather straightforward and prompt. However, there will be instances where you will encounter more Draconian wagering requirements. These can edge 10x the bonus but do not let this dishearten you. It is more than attainable. We can, therefore, calmly state that these offers tend to be user-friendly and worthwhile.
Other bonuses might make you jump through a series of loops and tick intricate boxes, but the humble cashback bonus stays true to a simple formula. All you have to do is play, and the offer will take care of everything else for you. Note that this casino bonus activates only when a certain threshold is reached.
You will find that most casinos avoid offering cashback options on deposits, so you will have to search for them. These cashback options can include:
The usual establishment's workweek is centred on the typical Monday to Friday split, with certain distinctions based on the local culture, but casinos tend to be completely different. Their busiest days land on weekends and holidays. It is then that most players sit down, visit an online gambling site, and partake in activities. It is, therefore, only natural for the marketing departments and promotional aspects of leading online British casinos to target these time slots. You will most likely receive a cashback bonus offer during these times and have a safety net exactly when you need it.
The term "happy hour" might have negative, alcohol-related connotations, but those are completely foreign to online gambling. On a side note, alcohol and emotional distress should never be your companions during online gaming. These tend to dull the senses and prompt regrettable decisions. Anyhow, these happy hour bonuses are usually put forward by various casinos and limited to a certain part of the day. Let’s say between 20:00 and 21:00. Loses that one experiences during this period will be recuperated, in part, if you opt for the offer.
The greatest fear we have when attempting new things is a failure. The same goes for online casino games. Online gaming providers are well aware of this and are willing to forward cashback offers that mitigate losses and make you more open to trying new games. A cashback offer that covers the first few hundred spins of a new slot machine can even increase its RTP for the duration of its activity, of course.
Being Familiar with VIP Cashback bonuses
Casinos adore each and every one of their patrons, but they especially adore VIP players. This group of special players is given unique bonuses. The uniqueness is usually tied to a long-term offer that can be repeatedly used. You might, of course, be tempted to go for them but note that you need to pass a certain threshold to qualify.
The majority of British online casinos have some sort of hierarchy and VIP schema in place. The higher one is situated in said schema, the better the perks and offers that he or she gets. These can include cashback offers but also other types of bonuses that one can employ at an online casino. An example would be a 5% cashback offer for VIP players that is capped at a certain threshold. This threshold fluctuates based on the VIP rank and casino. High-stakes players and other forms of big fish can expect a return of a few hundred at the beginning of every week.
Casinos naturally want to make the VIP players feel appreciated. This appreciation is shown with low wagering requirements or a complete lack of them. But do not let this persuade you into risky behaviour. The minimum requirements to qualify for VIP status tend to be quite high and might not be worth it.
No two online casino players are the same. Casinos are well aware of this fact and cater to all kinds of tastes, preferences and requirements. One way of doing so is by tailoring their offers and promotions from the very start.
There is a trend in the British casino industry that sees players being offered a choice between the usual welcome bonus, a lump sum that matches a player's initial deposit, and a cashback offer. The latter being a long-term return policy. You might think that these offers simply cannot be on-par with VIP ones, but they are. The main difference are the amounts, which are naturally lower. One example of such an offer is a 5% weekly cashback bonus in place of a 100% welcome bonus. Consider which one suits your style better.
If you are the sort of person who partakes in online gaming on an ad hoc basis, then the traditional welcome bonus is right up your alley. However, if you are somebody who plans on being a loyal, long-term patron of a certain casino, then the cashback bonus makes more strategic sense.
Our craft, which we take a lot of pride in, is providing you with the latest information regarding cashback offers and everything else that a player from the UK might require. Sifting through the almost countless online casinos that are nowadays on offer is something that we gladly do so that you are presented with the best cashback offers on the market.
This Herculean task contains an aspect of Sisypheaness since it is practically impossible to follow hundreds of online casinos. We might occasionally miss a bonus or two, so it is advisable that you use an email that you frequently check when signing up. Your chosen casinos will supply your inbox with various offers and diligently offer you their latest promotions. Keep an eye on your email, occasionally visit our site and give yourself the best of both worlds.
Another way to get a hold of promotions is via the promotions section of your chosen casino. These promotions are occasionally time-limited and have to be claimed ahead of time. You should, therefore, occasionally visit the casinos you frequent and see if there is anything that might tickle your fancy.
We are noticing an increase in these cashback bonuses, and British players are nowadays running into them more frequently. You will undoubtedly come across a cashback offer with low wagering requirements and other benefits that will make it worth considering.
The hard part of cashback bonuses is the initial start. But do not worry. We have you covered with this list of simple steps.
The mentality of some casinos is that cashback bonuses might make the players more accepting of loss. This is not completely alright, especially from a moral aspect, so some casinos tend to avoid cashback offers. Have a gander at our list of recommended, vetted, reviewed, and ranked online casinos to find the best ones with exquisite cashback bonuses.
Claiming a cashback bonus is laughably easy, but be mindful of the wagering that is tied to it. The bonus might be limited to particular games. Check the terms, follow the instructions, and save yourself unnecessary headaches.
We really want to bring this point home. Players often jump into enticing bonus offers and then feel cheated when things don’t go as they expected. Save yourself this trouble by reading about the restrictions and rules that apply before diving into the action.
The cashback bonus, like every casino bonus, comes in many shapes and sizes. They are all very easy to understand and can be broken down into their three most common forms. These are:
Time Frequency-based Cashback Bonuses These ones are tied to certain parts of the day, such as between 9 and 10 pm on the weekend. This means that you are eligible for the cashback that a cashback offer entails only in regards to the wagers you lose during this predetermined period.
Percentage-Based Cashback Bonuses This one drops the stopwatch and goes straight for a calculator. It focuses on the percentage of what you lose and not on the timeframe in which you lose it. To clarify, you get a certain percentage of the wagers that you lost during your session. 10 or 20 % would be decent examples.
Event or Game Orientated Cashback Bonus This one is not tied to percentages or time frames but to games and casino events. You will only get a certain amount of cash back for the amounts that you use on select games or during certain events.
Wagering requirements are also known as playthrough requirements. WR are part of the terms and conditions for a no deposit bonus. Wagering requirements are multiplier rules associated with the promotion. It indicates precisely how many times Players must rollover the bonus before they can withdraw any funds.
A $20 no deposit bonus subject to a 30X wagering requirement means that players must wager their bonus amount a total of 30 X ($600 in bets) before cashing out any payouts. Any attempt to withdraw without meeting the playthrough requirement will invalidate the bonus + payouts in the account.
The portion of the offer that is subjected to wagering requirements is usually indicated in the bonus terms and conditions. Wagering requirements can be applied to both deposit match bonuses and free spins bonuses, and in some cases, wagering requirements may also be applied to your deposit amount.
You might be unfamiliar with cashback bonuses and how to best utilize them. That is why we have compiled this short list of handy tips that you can make use of.
Cashback bonuses differ greatly from regular deposit bonuses. We have prepared a short list of comparisons that should clear things up
| Cashback Bonus | Deposit Bonus |
|---|---|
| A bandage for losing | Limited to deposits |
| Almost no wagering requirements | Tied to wagering requirements |
| Based on certain games or time periods | No limitations as to the usage of your funds |
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Welcome Bonus
This is a bonus that you can use in a casino after finishing your gaming session. Its main usage is the partial return of losses that you occur whilst playing.
The advantages, along with the chance to get back a part of your losses, are lower than usual or even non-existent wagering requirements.
The answer to that question depends entirely on the cashback offer in question. Casinos sometimes limit these bonuses to a certain game or timeframe. You should consult the terms and conditions of your cashback bonus to learn more.
You should base this decision on your playstyle. Do you play frequently? Then a long-term cashback bonus is ideal for you. Are you the type of person that occasionally partakes in online gaming? Well, then a welcome bonus is the right choice for you.
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