Casino Cash Back Bonus – Money Refunds in Casinos
Best Online Casinos to Play in Australia
What Is Cash Back Bonus?
A loyalty program with points, statuses and exclusive offers is an integral part of probably every good Australian gambling website in 2022. It’s a mechanism designed to keep players returning again and again for more. And casino cashback bonus is one of the most important elements of the loyalty scheme.
Before answering the question ‘what is a cashback online casino bonus?’, be aware that as soon as you make a deposit, you are already on the losing end. This is due to the house advantage, that is, the possibility of losing is an integral part of any gambling game. However, your AUD $100 deposit can turn into many thousands if your luck comes near, so knowing when to quit is important. If you get into a losing streak, you stand a chance of getting some of your lost money back in the form of a cashback casino bonus.
So, in simple terms, a cashback is a portion of the money you lose that the casino gives back to your betting account. This sounds quite strange as, in fact, the cashback bonus casino deprives itself of a portion of its profits. However, any operator understands that the longer you stay with their platform, the more they stand to gain on you. So, by offering a casino cashback bonus, the operator encourages you to use its services for as long as possible. On the other hand, you’ll be able to use the returned funds to bet on games or even withdraw them to your bank card or e-wallet. So, a cashback bonus online casino is really an option worth considering.
Casino Cash Back Bonus Types Available in 2022
The casino cashback bonus is one of the promotional options that is becoming increasingly popular in Australia. By joining a good cash back bonus online casino, you can expect one of the three cashback options available:
- Loyalty points awarded as part of a loyalty scheme. Since accumulated points can be exchanged for real money or bonus credits, they are considered a type of casino cash back bonus. Notably, the exchange rate of the points becomes more favourable as you progress through the levels of the loyalty scheme.
- Refunds in the form of a percentage of the amount lost over a week or month. For instance, by joining a cash back bonus casino in Australia and activating a 10% cashback, you can get back AUD 10 from every hundred spent on betting.
- Cashback on winnings. Instead of refunding a percentage of your lost money, some iGaming platforms in Australia refund a percentage of winnings, but this option is quite rare.
Additionally, casino cash back bonuses vary in terms of payout frequency (weekly or monthly), presence/absence of wagering requirements, percentage of refunds (depending on current level in the loyalty program), etc.
Cash Back Bonus Benefits
In 2022, many platforms are offering you the chance to get a share of the money you spend/lose. By joining one, you can benefit from the following:
- The possibility of recovering a fairly large proportion of the money lost.
- Refunds can be used to place bets on any casino games.
- Some platforms allow you to withdraw your casino cashback bonus money to a card or e-wallet without any wagering requirements.
- The refundable amount increases as you progress through the loyalty program tier ladder.
If your luck isn’t on your side today, cash back bonus casino Australia will give you one more chance the next day without having to make a deposit.
How to Choose Cash Back Bonus
In order to choose the most favorable option, take note of the following points:
- Will you receive real money or bonus credits? Since the latter comes with certain restrictions on withdrawals and use for betting, we recommend opting for the online casino cash back bonus earned in real money.
- Are there any wagering requirements? We consider cashback with wagering requirements an example of unfair play, so we recommend avoiding such offers.
- Is it playthrough-based or money lost cashback? The first option is preferable as it is calculated as a percentage of money spent on bets even if they have lost.
- What is the withdrawal limit for the cashback? The more cashback you can withdraw, the better.
- When can you get a casino cashback bonus? For example, it can be awarded automatically daily/weekly/monthly or when you move up a level within a loyalty program.
Finally, the percentage of your cashback can increase as you progress through the casino’s loyalty scheme.
How to Claim Your Cash Back Bonus
Most often part of an online casino’s loyalty scheme, the cashback is awarded automatically. Alternatively, you can claim the bonus by clicking the appropriate button in the casino’s promotions section or contacting a support agent. In addition, this bonus can be given as part of an exclusive promotion activated with a special code.
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How do I get a casino cashback bonus in 2022?This bonus is given as part of a loyalty program or as an exclusive offer with a promo code.
What percentage of cashback can I expect?The average refund rate at Aussie casinos is 10-30% and may depend on your current level in the loyalty program.
What does weekly cashback mean?By activating such a promo offer, you will receive a portion of the money spent on bets or lost each week.