What is a Cashback Promotion?
Cashback promotions allow casino customers to earn a specific percentage of every deposit they make on betting sites with сashback bonuses. Introduced in the previous century, this technique attracts new players in different business areas, including banks, online casinos, supermarkets, hotels, and other businesses involving product sales.
The essence is that the user receives a small compensation from the seller as a bonus. For example, when paying in a supermarket with a bank card, you can get a 3-7% cashback. Online casinos, on the other hand, use cashback promotions in a slightly different way. Instead of paying players for the purchases, online casinos tend to make up for the losses incurred during a certain period. Besides, there are a few online sportsbooks that do offer cashback bonuses on a purchase. For example, Fair Go Casino offers to compensate 25% of each deposit not credited with another bonus. In other words, the platform is offering cashback on purchases for deposits that haven’t been used to claim other bonuses at all.
How do Cashback Promotions work?
Cashback betting promotions work the same as other promotional betting offers. Players get a predetermined reward or bonus for completing a specific task or a purchase. However, unlike other promotional campaigns that may offer free spins or free bets, cashback promotions offer real cash in return. For instance, a betting platform offers a 50% cashback bonus on a user’s first deposit of up to $100. This means that a player who’ll deposit and wager $100 will receive an additional cashback bonus of $50.
Factors that can affect the cashback bonuses are VIP programs and wagering requirements. Wagering requirements are the play-through preconditions that you must fulfill to transfer the bonus credits into real money. On the other hand, VIP programs determine what percentage of the losses or wins a player will receive as a Cashback bonus. The higher the players are on the Loyalty Levels, the more the Cashback percentage will be.
Betting Sites With Cashback Bonuses
Here are our top picks of the betting sites offering the best cashback bonuses.
- Zet Casino: Zet Casino is a fabulous gambling platform operating since 2018. It’s a Cyprus-based brand owned and operated by the famous Araxio Development N.V. Casinos. Licensed by the Curacao Gaming Control Board, Zet casino offers an ample mix of games powered by a total of 29 leading software providers. These include the likes of NetEnt, Microgaming, and Evolution Gaming. Zet Casino is known for its intriguing, innovative bonus programs, including two cashback promotions, currently live on the platform. Weekly cashback offers a 15% cashback on $3,000 of losses incurred during the week. Live casino cashback offers players a chance to get 10% of their money back that they lost during the week on live dealer games. The highest amount to be claimed back is $10.
- Malina Casino: Next up, we have Malina Casino, yet another fascinating gambling brand owned and operated by Araxio Development N.V. Casinos. The multilingual platform offers a vast assortment of gambling options from top-tier game providers, including Playtech, NetEnt, Evolution Gaming, and Microgaming. Malina Casino also runs under a license from Curacao Gaming Control Board. What’s more, it is an expensive range of bonuses and promotions regularly by the gambling brand. These include a 15% cashback bonus on up to $3,000 of deposits made during the week from Monday to Sunday.
- Rizk Casino: Rizk Casino is another well-known casino operator owned by the Gaming Innovation Group, an innovative gaming company based in Malta. The platform offers an extensive range of slot machines, table games, and multiple tables at the live dealer casino, along with a comprehensive sportsbook covering a wide variety of markets on all major sporting events worldwide. However, the aspect that attracts most of the players to Rizk Casino is its comprehensive bonus program that includes a solid cashback bonus of 20% that you can get during a session of an hour and two hours.
Can I Withdraw Cashback Bonus?
Yes, you can withdraw your cashback bonus after completing the wagering requirements.
What are the Wagering Requirements for Cashback Bonuses?
Wagering requirements are the play-through conditions that players have to meet to withdraw their funds. Usually, these requirements are around 30 to 40x the compensation.
Are Cashback Bonuses Free?
No, to avail a cashback bonus, you will first have to make a deposit with real money.