iGaming 101: How Do Casino Cashback Offers Work?

Casinotuber / May 31, 2024 / Casino Articles

Whether you’re a seasoned gamer or not, casino offers can be confusing. Every single site comes with its own unique set of offers, and it can be confusing to know what each of them means, and which is the best to choose. We’re here to lay it all out and explain exactly what a casino cashback offer is, and how they work. Cashback offers are still relatively new, and it’s only been recently that online casinos have realized just how valuable they are.

What Is a Casino Cashback Offer?

To put it simply, a cashback offer is a type of loyalty reward, much like you would receive through being a loyal shopper at your local grocery store or electronics retailer. The way it works is that an online casino will award a percentage of a player’s losses back to them, thereby diminishing the amount of money spent or lost through playing. For example, if a user has spent X amount of money on a live dealer poker table, the casino can give them back Y amount – making that blow a little bit more bearable!

Not all cashback offers are the same as each other, so it’s always best to shop around before settling on one provider. Some of the best online casinos provide a 10% cashback, such as on this website, whilst others will give out lower amounts, ranging anywhere from 2-5%. Certain sites will not work in percentages at all, simply offering set amounts of money for a particular amount spent. These lump sums are normally only available on a one-time basis, whereas percentage offers are often calculated on weekly losses. This means that the casino will calculate losses over a 7-day period, and then reward users 10% of this amount back to them.

It’s important to note that any earnings from these cashback offers are not usually awarded instantly, and can be received as game credit or free spins, rather than fiat currency. However, there is no ‘one size fits all’, which is why it’s worth doing some research before settling on a provider! The reason for going with just one online casino is that a lot of them will offer a cashback rate for their normal players, and another for their loyal, VIP players. If you play solely with one operator, or play/spend a lot with them, you can be rewarded for it with cashback rates of up to 20 or 25%.

The Story Behind Casino Offers

Back when casinos were just getting started, there were nowhere near as many bonuses, rewards, and offers as there are today – especially when the only option was to visit a brick-and-mortar casino. When the popularity of casinos picked up, each site was doing whatever it could to outshine its competitors, whether this meant building resorts or theme parks within the casino or booking the hottest celebrity at the time to host a residency.

Nowadays, online casinos aren’t able to offer slots on roller coasters or invite all of their users down to a music concert, but what they can do is try and create incentives for potential customers to choose them over another site. Long gone are the 1990s, when flashy gimmicks were all the rage in casinos; the new way to attract players is through cashback offers.

The Different Kinds of Casino Cashback Offers

There are many types of cashback offers, but the most common and readily available is the welcome bonus. When signing up to a new online casino, the provider will typically offer a small amount of credits to play with for free, almost like a free trial. A cashback welcome bonus enables a percentage to be earned back from those welcome credits, making them last longer and putting more towards the minimum spend!

Another very common type of cashback offer, and one previously mentioned in this article, is cashback on any losses. Usually this offer needs to be opted into, and the cashback rate will be fixed unless a customer moves onto a higher rung of a loyalty programme. Most of the time, the bonus will appear in a player’s account once a week, but this time period can vary slightly.

Although cashback welcome bonuses are a great incentive to join an online casino, reload bonuses are an even better incentive to stay! A reload bonus is part of a loyalty scheme, rewarding users for making additional deposits. Again, cashback on this kind of credit helps it stretch further and allows players to enjoy their game for even longer, regardless of if a loss is made or not.

How to Choose the Right Casino

First and foremost, it’s crucial to choose a casino that offers a high percentage cashback rate. Lots of casinos have a 10% rate, so avoid anything lower than this, as it will not be good value for money. We’ve found that the casinos with a high percentage also seem to be the most reputable, which leads to the next point: choose a casino with a good reputation.

There are thousands of online casinos out there; some of them will come highly recommended, whereas others may have made a bad name for themselves, or even be unlicensed. Before playing or depositing any money with a site, make sure to read user reviews or choose a casino via a review site.

Although the cashback offer is essential, it would be remiss not to mention the overall gaming experience. After all, what’s the point of having credit to play with if the games are not enjoyable? The online casino should have a wide variety of popular games, from classics like roulette and poker to new and exciting picks. The best casinos will also provide their customers with round-the-clock customer service and multiple payment options. From experience, many crypto casinos are excellent at being flexible payment-wise and building a vast selection of games.

Concluding Thoughts

To summarize, casino cashback offers are a must for any iGaming enthusiasts. Not only do they make credits (and games!) last longer, but they make the overall experience much more entertaining. The biggest takeaway from this advice is to choose an offer of 10% cashback or more, and to factor in the overall gambling experience as well as just the bonus. The quality and enjoyment factor of the casino games is just as important as the cashback offer!