Online Casino Cashback Bonuses
Due to the fast growth of the online gambling business, many online casinos have to go for tricks in order to attract more potential players. Developers are starting to create and redesign gambling sites. But for those who like gambling, it is much more important to get not the most beautiful interface, but cashback bonuses, which lure most of the virtual top gambling sites in New Zealand.
Such a loyalty system does an excellent job with the goals set by the administration. And while casino creators position this type of incentive as gratitude when choosing in their favor, gamblers believe that this is a great way to balance their own bankroll.
Basic information about cashback
The conditions for receiving bonuses of various types, as well as their size, are determined by each gambling casino independently and may vary from time to time. Cashback bonuses are in great demand among beginners and professional gamblers.
Such additions imply a partial refund of funds already lost in the casino.
Initially, cashback was part of the banking casino program. Cardholders can get a portion of the money back when paying for goods and services. So people were taught to use the services of a certain bank and not to hold cash on hand, using modern non-cash payment.
The practice of cashback eventually took root on gambling sites, where they attract new visitors. Most professional bonus catchers are hunting for just such rewards. But the main disadvantage of this option of replenishing the balance is the rarity of such a loyalty program.
Not all casinos are ready to spend so much on their consumers because the payout mechanism implies a return of a certain percentage of the total amount of bets made or lost funds. Sometimes such bonuses are also called insurance bonuses, as they allow you to “spread straws” in case of significant losses.
Features of cashback
One of the features of this type of generous prizes is the need to fit into the harsh conditions of the administration, which often include:
This implies the need to achieve a loss or a certain amount of total bets in a strictly defined period of time.
A casino will not make cashback automatically, implying the need to comply with many more requirements. In order for cashback bonuses to meet the expectations of a gambler, you must remembered that this is not another way to improve your financial situation. This is just one of many tools to hedge your bankroll in the event of a huge loss.
Getting a refund is always a pleasure. Especially if you don’t have to worry about fulfilling wager standards. In this case, the return of funds can be carried out both after one unsuccessful session and at the end of a certain calendar period (week, month).
The main task of rewards is to extend the gameplay for the client. Players willingly take advantage if they do not want to make frequent deposits. With them, it will turn out to stretch the game and the balance itself a little for a long period.
It is impossible to accurately answer the question of the average cashback since it is based on the gaming activity of a particular user. This means that the player does not need to make a deposit again in order to get the prize according to the rules of the gambling site. It is enough to make a deposit in advance.
This is the main difference between cashback and classic welcome and no deposit bonuses.
Standard classification of cashback bonuses
Schematically, all existing cashback formats can be divided into three categories unequal in popularity among casino owners:
- Net Losses Cashback,
- Accrual from the total amount of deposits,
- Expectations of net profit.
The first option is much more common than the other two. It provides for the scoring of points for the loyalty program based on the total loss. Its convenience lies in the fact that even at the start of the game, the user already knows what percentage of the planned amount of spending he will receive back to the account.
To understand this in more detail, it is worth considering the mechanism of its action with a specific example:
- The user made the standard deposit of $100, falling under the cashback payout program,
according to the terms of the Net Losses contest, it is 15% of the total number of losses,
- The gambler was in a good mood today and made bets for a total of $500,
- At the end of the game evening, the client has only $70 left on the balance,
- Daily cashback, according to the previously agreed percentage, will be $4,5.
The calculation scheme assumes a starting amount of one hundred dollars, from which the casino subtract remaining $70. If you multiply the resulting $30 by 15 percent (0.15), then the result is the same $4.5. The calculation provides a benchmark only for the net loss, and not for all bet losses.
Much less often, you can find offers from casinos that enter the accrual from the total amount of deposits made for a certain period into the cashback system. It is very rarely practiced to pay cashback when taking into account the expected net profit. In both cases, the casino uses complex mathematical formulas for calculations. They may vary depending on the behavior policy of each gambling site.
Algorithm of cashback bonuses
Not all beginners know that for calculating cashback of any type, specialists take into account only those deposits that are untouched by other incentive options. The latter include all loyalty programs in a row, up to bonuses for the first deposit and reload.
The main features of cashback are the following rules:
- The return percentage will depend entirely on the particular gambling site. Usually, this indicator does not exceed the limit of 30% and starts from 5%.
- The casino can independently set the format for crediting the promotion. Some gambling sites even open a separate bonus account for their visitors, where they get the prize money. In such a situation, the players can use the money for playing. And you will be lucky if there are no restrictions on the time of their use. Much less often it is allowed to turn the received funds back into cash.
- The online casino independently sets the time frame for calculating the cashback amount, up to daily payments.
- The list of cashback options can be severely curtailed. This applies to casinos that usually do not practice cashbacks, but like to attract newcomers at the expense of it. In this situation, players receive cashback money only on a specific slot. This allows the administration to stimulate user interest in unpopular slot machines or new products in the gambling world.
Experts warn that you need to carefully read the terms of the cashback agreement. Often in the instructions in small print somewhere at the end, it is written that the cashback has a minimum and maximum bar. Because of this, even with major defeats, it will not be possible to get all the returns due to consumers.
What to do to get cashback?
Cashback is positioned as a factor reducing the risks of being left without money at all. But do not expect the casino to be generous in this regard to the losing player.
Another significant obstacle to getting the desired return is your own shortsightedness. Some gambling sites on the Internet often lure newcomers with promises to pay exorbitant cashback, but in reality they do not. The reason is that recently, many casinos require a separate confirmation for consent to receive cashback. And to find this agreement, you have to go through all the profile settings.
Before registering on the next platform offering profitable cashback, it is worth checking not only the wagering requirements. It is important to clarify the list of games for which cashback is generally possible for credit. More than half of virtual casinos do not use this practice for blackjack.
Based on these tips, it becomes clear that cashback is a good thing, but it will take vigilance to get it.