In terms of popularity, the cashback casino bonuses appear to be on the rise. Instead of a welcome bonus, a lot of online casinos that are newly established have chosen to provide a weekly cashback offer. If you want to get in on these juicy bonuses, check out our complete list below.
Though a welcome package bonus appears enticing and will leave you some cash bonus from the start, in the long run, a cashback bonus can make you more money. Recreational gamblers and low rollers can still make quite a lot of money in bonuses, even though high rollers are the more profitable ones.
UK Casino Cashback Bonuses
In terms of popularity, the cashback casino bonuses, compared to the casino match bonus, appear to be on the rise. Instead of a welcome bonus, a lot of online casinos that are newly established have chosen to provide a weekly cashback offer.
And this is very understandable, the top new online casinos need to offer the best bonuses to entice new players on to their platform and an increasing number see cashback bonuses as the perfect match to lure in new punters.
Though a welcome package bonus appears enticing and will leave you some cash bonus from the start, in the long run, a cashback bonus can make you more money. Recreational gamblers and low rollers can still make quite a lot of money in bonuses, even though high rollers are the more profitable ones.
Despite the fact that we all love the rush of seeing those winning symbols appear on the reels or our lucky number come up, the reality is that all of us also lost some money at the casino.
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What is a Cashback Bonus?
The cashback bonus system is a usual plan available at a lot of online casinos.
If you compare this in a traditional casino, the cashback bonus system may come in the form of comp points, VIP services, or game clubs.
Instead of cash money, you are more likely to gain free goodies, meals, or room upgrades at traditional casinos.
As online casino cashback bonus varies from a welcome bonus, or deposit match bonus, in the fact that these bonuses are only given to players that are very loyal to the casino. The bonus can be provided either once every several weeks or once a week paid out as credits or cash.
The amount of cashback gained is a percentage of the losses of a player at the online casino. Of course, the percentage can vary from one player to another and one casino to another.
The mechanics are easy.
You’re in the place to gain more than a regular player if you spend a lot of money every month at a casino. Typically, the range of a casino cashback goes from 4 percent up to 20 percent. Thus, the more cashback money you can gain if the more money you play.
A cashback casino is a casino that offers users a percentage of their losses back in cash.
To qualify for a cashback bonus, there are various requirements needed. These requirements vary from one online casino to another. Most of the time, whenever you play particular games such as live casino, there will be a unique promotion which will provide users cash back on their losses.
By awarding a tiny percentage of the amount staked back to the account of the player, even if the player has won, casinos also often like to offer cashback.
However, the ideal cashback casino is the one that awards cashback regularly as part of its loyalty system. A lot of professionals recommend sticking to this type of cashback casino bonus. This is because it will offer a form of cutting back on your losses on a regular basis.
Wager Free Cashback Bonuses?
Whenever you look for a casino that provides a cashback bonus, another factor to think about is whether or not the cashback will be wager-free or not. Even though the word “cash” must signify that the amount will be given back in cash, several online casinos still employ wagering requirements to their cashback bonus.
The wagering requirement will need players to wager the cashback bonus several times before they can withdraw it. This might lead to losing all of your cashback money anyway.
Best Cashback Bonus For Big Deposits – Better Than A Match Bonus?
Now, even though this may seem somehow gimmicky to several individuals, cashback casinos are really very simple to understand and use. In addition to that, these casinos also have extremely little to do with the reload bonuses, loyalty bonuses, free spin bonuses and welcome bonuses which casinos promote constantly.
For several cashback casinos, the cashback amount a user can gain is related directly to the amount of wagered money.
These bonuses are directly paid out to your account in the cashback casino. Also, it is often given out as credit for more play. Obviously, you will always be able to get more value in terms of cashback than a regular user who only occasionally logs in if you are a high roller spending a lot of cash on casino gambling per month.
But, you can acquire cashback of anywhere around 4 percent up to 20 percent if you select wisely your casino while a casino can give you up to 400% casino bonus.
However, in order to claim their money, online casinos that provide bigger cashback amounts do typically require the user to make higher bets as a rule of thumb. Because of that, every cashback offer functions in various ways. Thus, it is vital to always read the terms and conditions for every casino. For instance, cashback on Bingo sites is usually in smaller amounts that if you play Blackjack online.
Casinos Giving up to 50% Cashback as Welcome Bonus
Cashback as a welcome bonus is much more common. It also often utilizes the word cashback just to promote their casino. This bonus system is no different from any regular reload bonus or welcome bonus in that you deposit cash and the online casino matches it or adds to your wallet with a percentage.
Without a doubt, there will be no strict wagering requirements that prohibit you from withdrawing your money as cash for a while with bonus cashback.
Cashback as Reoccuring Bonus
A lot of cashback offers are impromptu bonuses available for a short period of time. For instance, a website may provide you cashback against all losses for a certain period, such as a weekend, a week, or a day.
Examples of Cashback Bonus
Several online casinos approach cashback promotions in a different way. By providing recurring and daily bonuses, businesses try to steal a march on rivals in the competitive industry of the modern online casino. Oftentimes, cashback bonuses appear in these strategies. For instance, at Yako Casino, you can always benefit from their cashback bonus every Monday on a regular basis.
Here are other examples of cashback bonuses:
Example 1 (15% Cashback):
An online casino provides a 9 percent up to 15 percent cashback daily only by invitation and to VIP users. The value of the bonus varies on the previous-day losses of the player. If a VIP has deposited 2 or more times, he or she can claim it and the bonus have 10 times wagering requirements.
Example 2 (50% Cashback):
As part of the opening bonus offer, a casino offers cashback.
To make things simple, users get a £3,000 welcome bonus package that includes 100 percent match bonus up to £100 on the 1st deposit and a 50 percent refund up to £1,000. Cashback is offered if the user has lost every single deposit made on the same day as his first deposit. Also, it comes with a 30 times wagering requirement.
Example 3 (25% Cashback):
An online casino offers a cashback bonus every Thursday. To make things simple, it offers 25 percent cashback on your losses from Thursdays. The cashback bonus will be paid out on Fridays and the minimum bonus amount payable is £10. Before the winnings can be cashed out, the bonus has to be wagered 50 times.
Example 4 (50% Cashback):
An online casino offers a 50 percent cashback bonus on your losses up to £100 between Sunday and Monday. You’ll be offered the bonus credits on the day after the promotion period has ended if you’ve qualified for the bonus.
Example 5 (5-20% Cashback):
An online casino offers an excellent mobile cashback bonus every single day on your losses. The percentage of the cashback rewarded is 5 percent every 2 days, 10 percent every 3 days, 15 percent every 4 days, and 20 percent every 5 or more days. You can acquire up to £100 every time.
Pros Regarding Cashback Bonus
In comparison with the deposit bonus, the cashback bonus has a lot of benefits. You can take advantage of it a lot of times. Also, the cash that is returned is typically higher. This is because of the fact that you just have more time to play.
You’ll likely loose and win during this time and it’s always good to be GambleAware. Aside from that, the terms and conditions for the deposit bonus can be pretty difficult to get your head around.
Cashback Bonus For Loyal Players
Almost every online casino that utilizes a cashback bonus offers a particular percentage of your money back.
This accounts to every casino game you have lost money with. But, this isn’t the case always. Several online casinos utilize the cashback bonus only for particular games. By doing this, these casinos want to promote users to try particular games.
Typically, the money from the cashback bonus will be quickly added to your account. You can play with this money right away. But, several online casinos only offer cashback as a bonus. This means that before the money will be given to your account, you have to play several times.
Oftentimes, all you have to do is visit a particular online casino a lot of times. If you take a look at the bonuses, this can certainly be worth it. Several casinos offer the cashback bonus only to players who are loyal.
These players visit the online casino nearly every single day and have obtained loyalty points for that.
You Get Something Back After a Bad Game
Just like that feeling you get after you’ve used your last free spin, everyone hates wasting their whole deposit within a short period of time. This is where the cashback bonus comes in since it offers you back at least a percentage of your losses.
At least, you’ve got another chance to win again even if you only get 15 percent cashback.
Obviously, it is much better to have around 25 percent cashback or more since this offers you a chance to save 25 percent of your bankroll. However, you should remember that casinos sometimes want you to meet higher wagering requirement whenever they provide a bigger percentage of cashback.
You Can Obtain Cashback Deposit Bonuses Regularly
Online casinos and top slots sites vary in what form of cashback bonuses they provide. The best cashback casino bonus might feature only a cashback deposit welcome bonus. On the other hand, another might enable you to take benefit of one or more offers each week.
Read: Find All The UK’s Top Slot Sites
Checking the promotions section is the ideal method to know if your casino provides frequent cashback bonuses.
Cons Regarding Cashback Bonus
But just like anything else in life, for every advantage, there is a disadvantage and cashback bonuses are no different.
Offers Are Usually Limited
Almost every online casino limits the number of losses that you can gain from their cashback offers. For instance:
A particular casino is providing a 20 percent cashback bonus. They limit the cashback amount that you can obtain to £200 every deposit. You deposit £2,000 and lose the whole bankroll. Basically, in your case, you will be eligible for £400 cashback. However, you are only really eligible for £200 because of the limit.
Before taking benefit of cashback deposit bonuses, read carefully the casino’s fine print. Else, your losses won’t be covered by the bonus.
You Might Have to Lose Your Whole Bankroll to Get Cashback
The most awful cashback offer is the one where you have to lose your whole deposit to be eligible for a cashback. For instance:
You deposit £400 and you lose £200. Without hesitation, you withdraw the last £200 of your account. Because of this, you will not be eligible for a cashback bonus.
You will at least be eligible for £10 in your situation if you are only dealing with a 5 percent cashback deal. However, since the requirement is that you’ve got to lose your whole deposit, you will not earn anything in this case.
These offers will not bother you as long as you are okay with losing all of your deposit before getting cashback. If you’re not fine with it, look for other online casinos.
Several Casino Games Are Excluded
Not every casino games can be eligible for a cashback bonus. Online casinos can limit particular games since they do not want you being eligible for the bonus while taking benefit from favorable house edges.
To ensure that your preferred games are not excluded, examine the terms and conditions. Also, you have to watch out for table games and slots with high payback. Online casinos often exclude slots that provide over 96 percent payback and favorable online live casino table games such as blackjack and baccarat.
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UK Casino Cashback Bonus FAQ’s
What are the most popular types of casino bonuses?
The most popular types of casino bonuses you can find in online casinos featured on CasinoMartini include welcome bonuses, free spins, deposit bonuses, reload bonuses, cashback bonuses and even no deposit bonuses if it happens to be your lucky day!
Can I win real money by claiming casino bonuses?
Yes, you can, but you need to make sure that you have met the wagering requirements that almost always come along with casino bonuses. Casino cashback bonus offers give you exactly what you think.
What’s the difference between a no deposit bonus and regular bonus?
When you get a chance to grab a no deposit bonus, it means that you literally don’t have to invest a dime to claim it. No deposit bonus is absolutely free and you can use it the moment you complete your registration and log into your casino account. On the other hand, with regular bonuses, the casino will probably require a small deposit in order to trigger the respective bonus offer.
Where can I find the latest casino bonuses for [year_2]?
CasinoMartini can give you the right answer to that question. There is a list of online casinos offering the latest casino bonuses for [year_2] on CasinoMartini site that wait for you to discover them today.
How do I claim the bonuses at an online casino?
This mainly depends on the type of bonus the casino offers. For no deposit bonuses, you will only need to register and log into your account, and the bonus will be waiting for you. If we are talking about the bonuses that require some deposit, then you’ll simply have to follow the instructions provided by the casino that almost always say you should deposit the necessary amount first, and then activate the bonus at the cashier. Sometimes, there will also be a bonus code you will need to type in to trigger the bonus.
Can I use these bonuses to play slots and other games at the online casino?
All bonuses have specific Bonus Terms and Conditions tied to them, and it’s usually specified by the online casino or slot site on which games the bonus can be used. To stay on the safe side, it’s best that you first familiarize yourself with the details of the specific bonus.