How Does a Cash Back Bonus Work?
There are two types of cash back bonuses- cash back on deposits and cash back on losses. The first one is a bonus against a deposit made by players at an online casino. After players wager the bonus and deposit amount a number of times, they can cash out the winnings and/or the bonus amount. The second type of cash back bonus is against losses incurred by the player. Usually, but not necessarily, this bonus has no wagering requirements.
Examples of Cash Back Bonuses
The following are several examples of Playtech cash back bonuses available at reputable online casinos powered by this software developer:
- Windows Casino
This casino gives a 10% and 15% daily cash back only to VIP players and by invitation only. The bonus value depends on players’ previous- day losses. VIPs that have deposited two or more times can claim it and the bonus has 10 times wagering conditions.
- Casino Tropez
It gives cash back as part of the opening bonus offer. In other words, players get a $3,000 welcome bonus package comprised of a 100% match bonus up to $100 on the first deposit plus a 50% refund up to $1,000. Cash back is given if the player has lost all deposits made on the same day as his first deposit and it comes with a 30x wagering.
- Casino Plex
Casino Plex gives a Thursday cash back bonus. In other words, it gives 25% cash back on your losses from Thursdays. The bonus is paid out on Fridays and the min payable bonus amount is $10. The bonus has to be wagered 50 times before winnings can be cashed out.
- William Hill Casino
This casino gives a 50% cash back bonus on you losses up to £100 between Monday and Sunday. If you have qualified for it, you will be given the bonus credits on the day after the promotion period has ended i.e. Monday.
- Bet365 Casino
The casino gives a sweet daily mobile cash back bonus on your losses. The cash back percentage rewarded is 5% (two days), 10% (three days), 15% (four days) and 20% (five or more days). You can get up to €100 each time.
Cash Back Bonus Rollover Requirements
Let’s take the 25% Thursday cash back bonus at Casino Plex as an example. As already mentioned, this bonus has 50 wagering requirement. Bets on all casino games count towards the wagering criteria, however, certain games such as Roulette and Blackjack, have lower wagering contribution than others.
In particular, all slots contribute 100% toward the wagering restriction, while scratch cards count 50%. Arcade games contribute 25%, while table and card games, Asian games and live casino games count only 5%. Ineligible games are video poker, multi player games and all double options.
Cash Back vs. Match Bonuses
Cash back bonuses are generally percentage bonuses given by the casino as a result of having lost your money playing games. It is calculated according to your deposit amount and money lost. The lost money is not matched. Match bonuses, on the other hand, are given on casino deposits. They match the amount you have deposited up to a certain amount or percentage.