Cashback Bonuses – Deposit And Increase Your Bankroll Even More

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Cashback bonuses are highly popular in 2021 as more and more new casinos that are emerging offer their players this promotion that is a huge help, especially to those who are just starting out. The main reason why these beat the welcome bonus is that these are more profitable in the long run, especially for high rollers. But, on-budget players can take advantage as well. The only thing that both types of players should do is to get familiar with the terms & conditions prior to claiming the cashback bonuses so they could know the restrictions and conditions that are imposed upon the bonuses.

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Deals available in January 2021
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What is a Cashback Bonus?

Cashback casino bonuses represent an additional assist in accumulating more money on their balance by returning a portion of the money after lost bet. This helps the UK players to light up the mood even if they lose some of their money but also helps them to build a strong financial foundation for their gambling adventure. The online gambling world in the UK is full of these! While it resembles of the deposit bonus, it is not the same thing and it should not be confused. The bonuses are the inevitable parts of every promotion, so you might want to keep an eye for such promotion that can make your balance green in the long run.

The reason why these are popular in any of the online casino houses is that these show goodwill of the operator, by awarding players with a small amount of money every time they lose a wager. The percentage of cashback is anywhere between 10 and 20%, but can vary from place to place. These may be a part of the welcome package bonus. But can also be a part of the separate promotion for live games or sportsbook offers. The main advantage is that these come free of wagering requirements, meaning they can do with whatever they want with the percentage they receive after the lost bet.

The concept is not anything new as it can be found with airline companies or other rewarding programs. The more you spend, the more cashback you receive and therefore you decrease your eventual loss. Depending on the operator, the cashback can be weekly, monthly or daily. In most of the cases, it is monthly, so when you add the cashback and calculate everything, you see that this is a nice amount of money that you return for free.

So, How Do Cashback Bonuses Function?

Unlike a welcome bonus on the first deposit where you deposit money and receive bonus, cashback bonus requires you to have an unsuccessful bet to claim the bonus. Every time a player losses a bet, he receives, let’s say, 20$ of cashback on the bet that he made. These promotions can have limits. If you have a limit where the maximum amount of cashback you can get is specified, then it does not matter how high your wager is. But if there is no limit, 20% on GBP 500 is GBP 100, which is significant money that you get back.

While other promotions award your play, cashback bonus rewards your loss and helps to make the blow as soft as possible. The first deposit bonus UK offer requires you to deposit a certain amount of money to receive bonus cash, which can be problematic for a player who is on the budget. For this reason, the cashback bonus offer is much more popular. In addition, these are not limited by the wagering requirements or any time frame that specifies the time you need to spend a bonus within.

The Types Of Cashback Bonuses

Real money cash games are interesting and the online casino operators know that various cashback bonuses can attract even more players to participate in gambling. Generally, you can find three types:

  • Welcome bonus
  • Cashback bonus
  • Deposit Match bonus.

The welcome bonus is a reward for new players who make their first deposit. The goal is to give an award and encourage players to gamble more and often free spins come as a part of the welcome bonus. The cashback bonus is a different one. It is usually not available all the time but rather from time to time and it requires, in most of cases, players to gamble and make bets so they could receive a cashback bonus in form of a percentage. A deposit match bonus is given when a player makes a first deposit (or second, third, fourth…) and often come with wagering requirements that must be met before cashing out bonus money.

How Can You Get Cashback Bonus?

To claim a cash back bonus offer, you need to use real cash in the games first. Your goal is to have a lost bet so you could receive the cashback bonus, whose percentage is specified by the software provider and the operator as well. It is not important what payment method you use. It is important that you have real cash on your account and you make wagers that are unsuccessful. Also, make sure that you know which games are eligible for this bonus as it may happen hat only slots games ca give you cashback.

The claim of a cashback bonus is automatic. Right after you lose bet, the specified percentage of the bet is deducted and directed on your bankroll. Again, make sure you check the terms and conditions. Some casinos allow only this offer to new players, while some casinos will give higher percentages to players who are VIP members and the most loyal ones. In any case, both high rollers and budget-players will find their favorite place where they can enjoy these.

The Pros of Cashback Bonuses

Besides the free spins that often come along with cash, the obvious advantage is the return of money. Every time you lose a bet, you feel bad as it is in our nature to react poorly on the negative outcome, but the casino operators are there to helps us with the blow and make it softer. A lot of new players enjoy this deal from live casino games. So, the main pros include:

  • Money-return
  • Reward for being loyal
  • Free of wagering requirements
  • Simple and easy to use.

Loyalty Program

As we mentioned in some casinos, only the most loyal players receive special treatments. The high rollers and the most loyal players enter the VIP program quickly as they never send a minimum deposit to their accounts and take their gambling to the next level. As you progress through the program, you get a higher percentage. Therefore, being loyal is worth it, especially in the long run.

Refer a Friend Bonus

Some of the UK operators offer to refer a friend bonus. It means that you receive a reward for a very player that joins the casino through your invitation link as well as cashback on his lost bets. It all depends on the operator that you are using, so you will want to explore these a bit better on the casino’s site you choose.

5 Best Online Casinos Where You Can Find Cashback Bonuses

If you are on the hunt for generous promotional offers, we have prepared for you a list with top 5 cashback offers. Grab the offer now and don’t worry a single thing – you earn while you lose!

  • Lucks Casino 5% cashback
  • Energy No Deposit Bonus Promotion 25% Cashback
  • Magical Vegas 10% Ruby Daily Cashback
  • Casino British 155 Cashback
  • Tasty Bingo – 3% Of Yesterday’s Total Losses

All of these come without any wagering requirements that players should fulfill. The first casino offers 5% cashback on all games except blackjack and live dealer games. The second one awards of no more than GBP 50 per week. The third is available only in slots game, except progressive slots. The fourth gives a reward to roulette players, while the fifth one gives 3% cashback of the total yesterday gambling losses.

Cashback Bonus Wagering Requirements

Wagering requirements are often connected to the slots games, but these represent the number of times you have to place a wager before you can cash out money. It may happen that a cashback bonus comes with wagering requirements, but in most of the cases there are no wagering requirements that you must fulfill. Instead, every lost bet gives you cashback. You can use it to gamble more, or cash out if you have enough money on the balance.

In FAQ section, players from the United Kingdom online gambling community will be able to find useful information on cashback bonuses.

FAQ

💷 Are There Any Difference Between a Welcome Bonus and Cashback?

Yes, there is. The welcome bonus is made more for the new players who need to sign up, while the cashback bonus is designed for existing players.

💷 Are Cashback Bonuses Available Instantly?

Yes, they are! Right after you have a lost bet, the cashback is directed to your bankroll automatically. Therefore, you don’t wait to use these at all!

💷 How Often Am I Able To Get Cashback Bonuses?

This depends on the operator and software provider. Some offer weekly, daily or monthly. As long as the offer is on-going, you can claim the cashback bonus.

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