More About Cashback Bonuses
Like loyalty points, cashback or rakeback bonuses award you returns in conjunction with the amount of money in wagers you have spent with the casino over a stipulated period. The casino opts to refund you a percentage of your losses or wagers back as a gesture of faith and goodwill.
The amount refunded is based on a percentage of your spending and is often somewhere between 5% and 25% of your past wagers.
The funds are normally rewarded in one of two ways:
- You receive a percentage of your total loss or wagers back.
- You receive a percentage back up to a capped amount.
The refunds may or may not be real cash in pocket returns, depending on the casino. Certain online casinos will refund the cashback as credits to your bankroll, like a casino bonus, which can only be used for a further gamble on the site. Either way, the funds are free and add something to you that you didn’t have before.
Cashback Bonus on Losses vs Wagers
Early on in the online gambling industry, most casinos offered cashback bonuses based on losses with various and complex terms and conditions. You can still find cashback promotions at some online casinos based on your losses, but there is something much better to claim, thanks to newly created player rewards methods! What is it? And where to claim? Well, at CasinoWow is our job to help you get the most out of your online casino gaming experience. On this page, you can find casino promotions based on your Losses and Wagers.
Example of Cashback Bonus Based on Losses:
Daily 10% cashback bonus on live casino games losses is the perfect example of this type of bonus. Simply if you've lost $1000 at the live casino tables and took part in the promotion, your account will be credited with $100 the next day. The cashback is often given as free cash with no wagering requirements and no limits on the amount of cashback you can claim. But you have to always pay attention to the terms and conditions of the promotion to avoid any problems.
Example of Cashback Bonus Based on Wagers:
Daily, Weekly, and Monthly 5% cashback on all games wagers is the perfect example of an innovative player loyalty program developed by some top casinos online. In this scenario, you can claim cashback daily available 24 hours after your bet is placed, weekly, seven days after your bet is placed and monthly, 30 days after your bet is placed.
These cashback offers are for all games wagers, so no matter what type of game you're wagering on, your cashback is guaranteed. On top of that, there are no wagering requirements and no limits on the amount of cashback you can claim! Head over to Gamdom (our favourite crypto online casino), and take advantage of this generous rewards program!
Rakeback Casino Bonuses
In 2004, a new player rewards program was born with the online poker boom, "Rakeback". You can get up to 5% of the house edge back from every bet you place, like cashback bonuses. And the good news is that you can claim the free cash instantly with no wagering requirements. Many bitcoin casinos and other crypto gambling sites offer Rakeback promotions and additional bonuses, making them much more competitive than regular fiat currency online casinos.
CasinoWow is sold out to looking after players and ensuring that they are matched up with providers that can meet their needs. Take a gander through our list of reputable operators that offer some of the finest cashback and rakeback offers on the market on this page.