Online casinos and bookies already offer much greater chances to win. The game RTP percentages are higher and sports feature smaller margins and better odds. However, mistakes happen, sometimes we bet on the wrong team or keep spinning when the slot clearly isn’t on our side. That’s exactly when the benefit of a cashback bonus becomes hugely beneficial. It gives part of the money back in bonuses and free bets, making it possible to recover some of the losses.
Cashback bonuses are available with various online establishments but aren’t quite as popular as welcome bonuses and loyalty. However, there are still hundreds of choices, each offering something for all to enjoy. Most of the time, cashback bonus offers payout weekly and only become a benefit when your total results in an overall loss for the past week. Therefore, if you’ve had a great week and managed to break even or make a profit, the cashback bonus won’t payout.
It’s purely there to give you a bonus when lady luck seems to have it in for you! Most of the time, these bonuses provide 10% of last week’s losses back in bonus cash. It’s possible to score a higher percentage with some VIP programs, but you’d need to confirm with the site that this benefit changes with VIP levels.
Casino Cashback Bonus Offers
Online casinos commonly provide cashback bonus offers. These would come in the shape of bonus cash directly to your account. It could be weekly or even monthly, but most tend to choose to reward weekly.
The casino cashback bonus would include some terms and conditions. However, they rarely represent the same high wagering requirements of welcome bonuses and free spins. Instead, you get to use the cash for gaming and once you meet the requirements, it becomes real money.
The only things you need to look out for is the cashback bonus limit, wagering requirements and what games you can use the bonus on. This would all form part of the terms and conditions of the cashback bonus. Simply ensure the offer allows you to play your favourites and that no unfair wagering requirements or contributions form part of the bonus.
Sportsbook Cashback Bonus Offers
Sportsbook cashback bonus offers are simply, straightforward and easy to use most of the time. Bookies would reward cashback with a free bet and could even do it instantly after the losing bet settles. Some also choose to reward weekly, which could be in cash or free bets.
The great thing about sportsbook cashback bonus offers is that you get to use it on just about any sports. There aren’t many terms and conditions either as the bookie would take back the free bet and give you the winnings after a successful bet. Therefore, the terms and conditions usually revolve around the minimum odds, how long you have to use the offer and what qualifies for a cashback bonus. It’s important to look over all the terms and conditions as some bets might not qualify for the cashback bonus. It might also limit the amount you can receive.
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