Using Cashback Bonuses in Australian Online Casinos
In the world of gambling, bonuses accomplish two missions; encourage the player to keep depositing and keep them happy, so they don't run to other casinos. While free spins, welcome bonuses, and cash match bonuses have been dominating the industry, the best Australian online casinos have discovered an even better gem- cashback bonuses.
What is a Cashback Bonus?
This is where a casino gives players a percentage of their cash deposits back when they lose. The concept is similar to loyalty cards, reward schemes, and frequent air miles that loyal customers get after spending their money over and over in a particular business. In other words, it's an appreciation gift for loyal players as well as an incentive to keep them active in the long run.
While the offer depends on the casino, most cashback bonuses range between 5%-20% of your losses, either in a particular game or a specific period. The idea behind it is to soften your blow and give you another chance to win without spending your own money. High rollers benefit the most because they receive a considerable cashback bonus from their high bankroll.
Claiming Cashback Offers
A cashback bonus is claimed by merely playing the range of games that qualify for such a promotion. Such games include slots, table games and cards, and the offer can be active during weekends only or weekdays.
Initially, these bonuses were only available to the most loyal players and high rollers. Today, most Australian casinos make this deal available for all active players as long as they are playing for real money.
The promotion can be offered in a couple of different ways;
- Percentage of your loss in a specific game. For example, you deposit $50 to play the Book of Dead slot and lose everything. If the casino's bonus offer is 10%, they will give you $5 back to try your luck again.
- Percentage of your daily or weekly losses. Let's say you have played through $300 that week and the offer still stands at 10%. The casino will give you $30 back if you lost all the money. This promotion is often subject to a range of games that are allowed in the cashback promotion.
Advantages of Cashback Bonuses
- No wagering requirements. Besides the fact that you only get your cashback after losing a good chunk of your money, cashback bonuses don't come with any other wagering requirements in most cases. The bonus automatically goes into your account if you opted in for the promotion and you can use it however you want.
- Gives you another chance to win. Losing your money in a casino is expected, but that doesn't make it any less painful. The money you get back after losing a couple of times, however small, gives you a much needed extra chance to win your money back.
- It's regular. Unlike welcome bonuses, a cashback offer is regular. Most online casinos in Australia give them every week so you can expect to get something back every week as long as you are playing.
Cashback bonuses are a great way to soothe your pain and maybe try your luck again. However, you need to read the terms and conditions for the casino you choose. This will help you know which games qualify for the bonus, whether there is a cap to how much you can get back, and most importantly, how to opt-in for the promotion. In Australia, most online casinos will give you a code that you must enter and start enjoying the cashback offers.