An opportunity to win back, encouragement to the player or a clever trick on the part of online casinos? Opinions on what is cashback – different, but to know about its existence and understand the conditions should every fan of virtual slots.
Essentially cashback is money that the club is ready to return to the user in partial compensation for his losses. Basically, they go to the bonus account, not to the money account. This ratio varies from 1 to 50%, but most often clubs compensate 5-15% of their customers’ losses.
To rejoice in such a generous help or still refuse compensation – the choice is yours. Sometimes money helps to stay afloat with a zero bankroll. In other cases, there is a wager, which only complicates further withdrawal of winnings, if the portal user has not fully studied the conditions.
Different schemes for calculating the amount of cashback
Gambling establishments differ in their bonus policy and implement their own bonus calculation schemes. The base of cash back accrual is usually calculated as the difference between the deposited money and the balance at the end of the period (scheme 1). This amount is multiplied by a percentage. A period is taken : 1 week, 2 weeks or a month. Less frequently, daily compensation is calculated. Usually such an approach is applicable if the refund is not based on the results of losses, but on the amount of bets made.
Scheme 2: Algorithm of receiving and wagering cashback
Some clubs prefer to give the client a cashback-bonus only if he lost at zero (scheme 2). As long as there is a balance on the balance – the player makes bets, but if he went bankrupt, the gift will serve as a reason to still stay in this club.
Scheme 3: What affects the size of the refund?
There are more complex mechanics of calculation, where from the base of accrual take away any bonuses on deposits, promo codes or no-deposit, take into account the amount of withdrawals from the casino (scheme 3). In this formula can also take into account the balance on a certain date, there may also be additional criteria.
For example, cashback is given if the player has made a deposit at least 4 times a month, went to a certain total volume of bets or fulfilled other specific conditions.
Algorithm of accrual of cashback from the casino
The essence of the accrual of compensation is usually reduced to three steps:
- A visitor with an account loses a certain amount of real money for a specific period of time.
- This amount is multiplied by a coefficient and returned to the bonus account.
- Accrued bonus money is subject to wagering, like any other club prize.
Let’s consider an example of accrual.
Factors that can affect the cashback
Since cash back is one of the most simple and understandable bonuses for the gambling audience, very often gaming portals motivate the visitor to increase his personal percentage of compensation. The parameter can be influenced by such factors (scheme 3, see above):
- status (rank or step in the loyalty program);
- frequent replenishments;
- additions after using a no-deposit;
- constancy, activity of the club member.
Taking part in such promotions, you should not only consider the wagering requirements, but also pay attention to the validity period of the gift. Sometimes it burns out if the player has not been active for a month or six months. Since club brands have to constantly compete, the newcomer always has the opportunity to analyze and choose the site with the most comfortable conditions.
📚 FAQ on cashback in the casino
❓ What is Cashback Bonus?
❓ What kind of cashback?
In fact, cashback is only of one kind – for the player’s lost deposits within a certain period of time. In this case, we can distinguish two main ways of charging this bonus:
- Direct. The player receives real money on his game account.
- Indirect. The player receives funds when exchanging special points.
There are also combined options, but they are less common.
❓ When is cashback credited?
The period of accrual of promo depends on the conditions of the bonus in a particular casino. Accruals can be:
- Daily;
- Weekly;
- Monthly.
Players can find out about the frequency of the bonus in the bonus description on our website or on the official website of the online casino that provided the bonus.
❓ How to get cashback?
Depending on the method of accrual and the principles of activation of cashback in the casino, the player needs to fulfill the following:
At direct accrual. At the end of the established period, the casino client is automatically credited to the balance of the game account. To receive a bonus may need to activate a promo in your personal cabinet.
With indirect accrual. In this case, the player needs to exchange the received points. These points are awarded depending on the amount of bets made. For example, when the volume of bets will reach 1000 rubles is issued 1 point. Exchange is usually made from 100 points. Exchange rate depends on many factors, but mainly on the level of VIP-status of the player in the casino loyalty program.
It is also worth considering that in some online casinos there are several options for cashback. There is a points system and direct cashback.
❓ Which variant of cashback is better?
❓ What casinos have cashback?
In general, such a type of bonus as cashback, is found quite infrequently and not in all casinos. To some extent, this type of promo can be attributed to the “privileged class”. A full list of casinos with cashback you can find in the same-named section “CashBack casino bonuses (CashBack)” on our site.
For each offer there is a detailed description, which will help you evaluate the favorability of this promo. You can also see the rating of users who actually used this bonus.
❓ Cashback in online casinos – is it profitable?
❓ Can I increase the percentage of cashback?
❓ Cashback has limitations?
As with any bonus offer cashback has limitations. Which makes sense – after all, the casino does not want to part with money for nothing. The most common restrictions on the cashback bonus:
- The wager. Once the player gets his bonus, he will need to bet a certain amount to be able to withdraw the funds received. The size of the wager depends on the terms of the promo in a particular casino.
- Theamount of accrual. Almost all casinos limit the maximum amount of bonus accrual. For example, based on their calculation system, the player is entitled to a bonus of 10,000 rubles. But, according to the restrictions, he can get only 5000 rubles.
- Theamount of withdrawal of winnings. Sometimes casinos limit the amount available to players for withdrawal, received when playing for cashback.
- Maximum bet. When playing for cashback funds, there is a restriction on betting more than the authorized amount.
- Account replenishment. Sometimes a player is required to deposit an amount equal to half of the accrued cashback to activate it.
However, it is still worth noting that there are projects that do not impose any restrictions on the return. Or they are minimal, so much so that they can be considered conditional. For example, the wager can be x1, and there are no requirements for the maximum allowed bet.
