Cashback Oasis: Top Casino Returns & Bonus Codes for 2023 Unveiled!
Updated At: Aug 31, 2023, 11:55 am
Created At: Jul 29, 2023, 09:49 pm
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Up to $1,000 in total bonuses
Why We Picked It
- Borgata lives up to its reputation
Pros & Cons
- Nice Game Selection
- $1000 First Deposit Bonus
- MGM Loyalty Benefits
- Not many big progressive jackpots
- No Mobile APP
- No Instant Withdrawals
Up to $520 in total bonuses
Why We Picked It
Pros & Cons
- Daily Jackpots
- Slick website
- Top mobile casino App
- Incredible game selection
- High wagering on welcome and no deposit bonuses
- Not many withdrawal options for US players
Up to $1,250 in total bonuses
Why We Picked It
Pros & Cons
- Regular Promotions
- Big Deposit Bonus
- Only one game provider
- Very high minimum deposit
- Unclear Bonus Terms
- Lack of payment options
Table of Contents
Cashback Bonus Offers Are On The Rise
It's no great surprise that casino cashback bonuses are on the rise, given how much regular online casino players have regarded this bonus as one of the most solid forms of reward. Because while an online casino bonus is so often designed for the new casino player to attract them to a new gambling site, for the frequent slot player or gamblers who like to regularly take a seat at the Live Dealer games, a no deposit bonus or Welcome Bonus with high wagering requirements isn't going to cut it, as they expect rewards for their frequent bets, and that's where the power of the cashback bonus comes into play. The attraction of Cash Bonus offers to high-roller players is evident, as, in general, the more you wager, the more you'll benefit from cashback bonus offers. But for the regular, though recreational casino player, a good cashback bonus can make all the difference to their bankroll.
Getting Bang For Your Buck
Essentially, the lure of a cashback bonus offer is that however your gambling session goes, if you incur a loss, there will still be some silver lining if you've opted into a cashback bonus offer, as you'll be receiving a portion of your losses back from the casino site. A Cashback Bonus offer is compensation from the casino to the player who has not won. So, for example, if you have enrolled in a 10% Cashback offer, and on your next $100 deposit, you lose the entire $100, the casino will compensate your losses to the tune of $10. Of course, it might not feel like much at the time, but that $10 could easily be parlayed into $100 or more if you choose the suitable casino games to play. Casino Cashback offers can be found on many casino sites interested in keeping their loyal players sweet. We recommend a Cashback offer for the casino player interested in playing at least semi-frequently. But also, it's important to distinguish between the good and lousy Cashback offers out there. Here are a few things to look out for when choosing which Cashback Bonus offer to opt into:
- Wagering Requirements: ensure that the Cashback Bonus does not have high wagering requirements
- Restrictions: if a casino has added a heap of restrictions on your cashback bonus, you'll probably want to look elsewhere.
Advantages And Disadvantages Of Cashback Bonus Offers
Let's take a look at some of the pros and cons behind cashback bonus offers.
One of the most apparent advantages of a cashback bonus offer is that when you lose, you'll get back a percentage of your losses in cash or a casino bonus. This will soften the blow of losing at the casino, and you may play that bonus up to recoup your total losses or more.
For players who stick around at a casino, it's essential to know their bets are being rewarded. For frequent casino players, having the option to get back a percentage of losses over time is a vital factor in whether they continue to play at the same casino or not.
Although you can get back a portion of your casino losses, wagering requirements will sometimes be attached to the bonus received as part of your losses. This makes the compensation less rewarding. But the best online cashback casino bonuses have lower wagering requirements, so turning your cashback bonus into cash should be easy.
How A Cashback Bonus Works:
The overall mechanics behind a Casino Cashback Bonus are pretty simple. When opting into a Cashback Bonus at an online casino, you'll see a percentage attached to the bonus, such as – 20% Cashback Bonus up to $100 – which is the overall percentage and top value you can get back as a result of losing at the casino. For example, signing up for that Cashback Bonus, if you were to sign up, deposit $100 and lose the whole $100, you'd get back $40 as a Cashback Bonus. If you deposited $500 and lost, you'd get the $100 value, equating to 20% of your total casino losses.
- Always check the maximum bonus you can get as a Cashback Bonus. If you sign up for a 100% Cashback Bonus, but the total value is only $20, it could be better.
- Cashback bonuses are paid out after signing up, depositing and equating to your casino losses over the promotion period.
Cashback Bonus Offers And Wagering Requirements
The big difference with other casino bonuses, like No Deposit Bonus and Deposit Bonus offers, is that it's actually less common to find wagering requirements attached to Cashback Bonus offers. Cashback offers are unique, in that by signing up, you are already committing to play in order to get the Cashback Offer funds, therefore there should not be any wagering requirements, or at the very least there should not be high or even medium wagering restrictions on a Cashback Casino offer. The bonus you get as a result of signing up to these kinds of offers is based on losses, so you'll have already played and benefited the casino site before they payout any Cashback offers to your casino account.
A Must Of Frequent Casino Players
Overall, if we were to sum up Cashback Casino Bonus offers, we would say that if you've signed up at a good online casino and plan to play their casino games frequently, then you should expect to get some form of casino cashback offer as a reward for your bets. Playing weekly, or even daily, an online casino should recognize that you're in for the long haul, and Cashback Bonuses are a great way to get rewarded for your play.
Cashback Bonuses Faqs
Frequently Asked Questions
Can all players claim a Cashback Bonus?
The majority of casinos make cashback bonuses available to players who have signed up, deposited and played through any no deposit bonus or first deposit welcome bonuses. Cashback offers vary, and the value depends upon how often and how much a casino player has wagered. VIP or high-roller players often receive bespoke Cashback Bonus offers.
How much can I get back with a Cashback Bonus offer?
Casino Cashback Bonus offers come in all shapes and sizes. On average a Cashback Bonus offer will be in the region of 10%-25%, which is how much you stand to get back on your incurred losses, but there are Cashback offers out there as high as 50%, or even more. But be wary, because those higher cashback bonus offers often come with high wagering requirements.
How does a Cashback bonus offer work?
Cashback Bonuses give players back a percentage of their losses over a set period. Depending on the percentage and maximum value of the cashback offer, the player will get back a percentage of their losses, which are calculated on net losses over a day, week, or month. If you sign up for a daily cashback offer of 10% up to $100 and lose $100, you'll get back $10.
Why are Cashback Bonuses and Reload Bonus offers different?
A Reload bonus offer is similar to a deposit bonus, in that you will get a bonus based on your deposit amount, while a Cashback Bonus offer is based on your losses over a certain period of time gambling at the casino.
What are the wagering requirements on a Cashback Bonus?
Overall, if a Cashback Bonus is paid out in cash, as is most common, there should not be any wagering requirements attached to the bonus, as the player will already have played through their funds. Since a Cashback Bonus is calculated on casino losses, adding wagering requirements should be unnecessary. There are different types of Cashback Bonus, so it's always worth checking the Terms and Conditions carefully before fully committing to a Cashback Bonus offer.
What is the maximum limit on a Cashback Bonus?
A Cashback Bonus offer always has a cap, which can vary depending on the casino and whether the cashback bonus is based on how much a player has wagered. A VIP casino player stands to get much more based on their play than a newer, recreational player. You will often see Cashback Bonus offers of around $50-$100.
Do only VIP and High-Roller players benefit from Cashback offers?
While the more prominent casino gamblers do benefit the most from cashback offers, all players can cash in on these popular bonus offers, as any player that loses stands to get back a percentage of their losses, which isn't a bad thing, however much you play or how high you roll.