Top Cash Back Casino Bonuses For Australians
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Cash back Bonuses
What is a cash back bonus?
This is a popular type of bonus where players are refunded a percentage of their net losses over a specific period. You are most likely to find this type of bonus mentioned in the 'promotions' or 'bonuses' section of the casino. The reason most casinos offer a cash back bonus is to reward players for their loyalty.
A casino may offer one of two types of cash back bonuses:
Cash back based on the percentage of deposit:
This is calculated as a percentage on the amount you deposit into your casino account
Cash back against losses:
This is usually a percentage paid on your net losses.
Each type of cash back bonus will have its unique terms and conditions, which includes the maximum amount of cash back available. Just make sure to read the casino's bonus policy before opting in.
Choosing a Cash Back Bonus
Cash back bonuses are usually granted daily, weekly or monthly or for a specific number of days. Once you are clear about the fine print, it's time to go ahead and claim the bonus if you have incurred any losses and sweeten the blow.
How to qualify for a cash back bonus
Most casinos offer a cash back bonus to all players who opt-in for the bonus. On the other hand, some casinos may offer exclusive cash back bonuses to players who are part of their VIP or loyalty program.
How to Claim
Your preferred online or mobile casino may ask you opt in to claim the bonus or enter a bonus code. Simply go to the cashier and follow the instructions to claim the bonus. Depending on the duration of the cash back bonus and the wagers you place, the amount will be credited to your casino account. Some casinos may offer chips instead of real cash, which can be used to place future wagers.
Benefits of cash back bonuses
While the obvious benefit is getting back a percentage of your deposit or losses, the biggest advantages of this type of bonus is that there are generally no wagering requirements. This makes it much easier to claim. However, some casinos do have play-through requirements that can be as low as 1x up to 10x as compared to other types of bonuses including welcome and reload bonuses. Just make sure to check the bonus terms before opting in.
Reading the fine print
It's great to know you can get back a percentage of your wagers. However, what is important is to understand the terms of the bonus before you make the plunge. To begin with, there is a cap or upper limit on the amount that the casino will re-fund as cash back. In some cases, the cap could be as low as $50 or $100. Make sure to check for wagering requirements as well.
Before claiming a cash back bonus, determine whether you can benefit from the promotion or would it on the contrary jeopardize your chances or eligibility to claim other bonuses. In addition, consider the frequency of the bonus and make a choice based on your playing style and needs.