Cashback Bonuses, Principles, Pros and Cons

Bonuses are what make online casinos stand out from land-based casinos. There are several kinds of bonuses and promotions that are offered in every bookie. They may change from time to time depending on the season and event that occurs within a month or a year. One thing is for sure, these bonuses will be beneficial for the players if they know the principles of these bonuses.

Bonuses are made for the players that will register and sign up for an online casino. It is the bookie’s way of saying thanks for choosing them as the player’s gaming platform. Although the main purpose of these bonuses is to attract players, bookies marketing strategy. But even so, these bonuses ain’t that bad because it is a win to win situation for the bookie and the player.

One of the most popular bonuses in online gambling is the welcome deposit bonus. This kind of bonus is given to the player who will deposit money for the first time. Usually, the bonus starts at 50% but it can go as high as 200% depending on the bookie.

But there are also deposit bonuses that are not for the first-timers. There are deposit bonuses that are for long time players. Usually, they must hit a certain deposit mark that will trigger the deposit bonus. The percentage in this kind of bonus depends on the level of VIP a member belongs to.

Another online casino bonus that is famous is the cashback bonus. And here is some information on what cashback bonuses are and how they work.

Different cashback bonuses

Cashback (on going) – This kind of cashback is determined by the total bets used and lost over time. The reward is usually automatically added to your account and will notify you that a cashback has been rewarded.

Cashback (VIP) – In order to receive this kind of cashback, you must be a member of a bookies VIP program. The percentage of cashback will be determined on the level of VIP a member belongs to.

Cashback (deposit) – The only way to trigger this kind of cashback bonus is by depositing a certain amount of money. Reload bonus is similar to this kind bonus which is very beneficial to the player.

Cashback (Welcome) – Same as deposit bonus this will be triggered if you deposit a certain amount of money. This bonus is only achieved once and only for those who deposit for the first time.

Fundamentals of cashback

Cashback is one of the bonuses that every gambler can benefit from. It is also the kind of bonuses that bonus hunters are looking for into casinos because they want to take advantage of it. Cashbacks differ in every bookie so if you are a gambler, you might want to compare different kinds of cashback before you sign up in a bookie.

Another way to maximize this bonus is to join a bookies VIP program if they have it. Yes, you have to pay a certain amount but the return will be worth it. The cashback percentage will differ on the level of VIP you are into. The higher the better.

Cashback is one way to get back what you have lost, although it will never be the same amount of what you have lost but it is better than nothing right? Don’t sign up in a casino if they don’t have this kind of bonus because you will not benefit from them.

Pros and cons of cashback

Pros

  •  Cashback is another way to play your favorite games longer. If you lost a decent amount of money you can use your cashback bonus to bet and play the game that you want.
  • You don’t have to worry about losing. Losing can be very stressful but if you are going to gain something from losing it will be not that bad.
  • You can get cashback from time to time and that is something to look forward to.
  • As a gambler, you can use a cashback bonus and hey advantage of it, it’s like you are cheating the online casino legally.

Cons

  • There is cashback that is only offered for a limited time. This kind of cashback is not in favor of the player.
  • You have to take note that not all bookies have this kind of bonus in their promotions.
  • In order to get this kind of bonus, you must lose. And losing is the worst thing that can happen to a player.

Compare different casinos

All cashback bonuses differ in every casino. Some are higher than others, some are lower and some are equal depending on the terms and conditions of the bookie. In order to take advantage of this bonus, you must first choose which platform is better. In that way, you can take advantage to your side and win even if you are on a losing roll.