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What is a casino cashback bonus?
Online casinos offer many more advantages than regular brick and mortar casinos. These incentives are called casino promotions. Among the variety of promotions such as deposit bonuses, no-deposit casino bonuses, comp points, loyalty comps; there are the cashback bonuses. Well see what they are in just a minute, first well go over the other kinds of bonuses.
Deposit bonuses. These promotions are given for players deposit. The incentive is given as extra cash for players first or subsequent deposits to an online casino. The bonus is a percentage of the deposit that will be added to the players balance. The percentage can be as low as 5% and may range to 1000%. A $100 deposit that receives a 150% bonus will turn the players balance from $100 to $250 ($150 coming from the bonus). Since these a very attractive incentives for players and may be abused by some people, the casino puts restriction on these bonuses. The most common restriction is known as roll-over, playthrough or wagering requirements. This is the number of times the deposit and bonus must be wagered (risked) before the player can cash out anything from their accounts. Other restrictions include minimum cash out amount or maximum cash out amount. In the former case the player must reach a certain amount before cashing out, after having completed the wagering requirements. In the latter case, the player can only cash out so much and the rest will be voided.
Deposit bonuses are the usually the prototype of casino promotions. All other promotions, given freely with or without a deposit, will have similar restrictions.
The casino cash-back bonus is something else. The player does not receive anything upfront to play with. What the casino is offering is a guarantee. They will allow you to play with your deposit (and deposit bonus, if youd like) to try your luck at their games. If you do not win, you are guaranteed a certain percentage back of your losses. This is the meaning of the quite literal word: Cashback. Since cashbacks are given after the player has lost their own deposit, they usually don t have very strict restrictions. Normally the playthrough requirements are on the low side, if any, plus normally all games are allowed to be played with the cashback. The cashback bonus normally doesnt have a maximum or minimum cash out limit, so the player can take back as much or as little as he or she wants to.
The cashback bonus is a great opportunity for online casino enthusiasts to receive their money back and try to recover some of their losses.
Casino Bonus | Understanding Bonuses that casinos offer | Slotland
There are so many online casinos out there today that all are fighting the competition for players. Casinos are constantly thinking up ways to draw the players in. Just about every land based casino offers their players casino bonus perks for playing, this holds true for online casinos as well. If youre new to the casino world this can be a little confusing and somewhat intimidating.
For the novice player, lists of slot bonuses can seem somewhat overwhelming at first. The following list offers a general overview of different types of online casino bonuses.
What is a casino bonus?
Casino bonuses range anywhere from free play money vouchers, to comp time, free food, hotel stays, and free drinks. How does an online casino give away the casino bonuses? Lets go over a few details to help you understand the bonus world.
Understanding bonuses that Casinos offer:
1. Sign up bonus: The welcome or sign on bonus is one of the most popular casino bonuses there is out there. Usually you will get a small sign up bonus as a welcome to the casino gift. Many times if its a substantial amount the casino bonus will be broken down to smaller amounts over a given amount of time.
2. Play Percentage bonus: These casino bonuses are based on the amount of money that is deposited in your online account upon signing up.
3. Match Bonus: Usually the online casino will match dollar for dollar your first initial deposit
4. Reload Bonus: Since casinos do not want you to take your business elsewhere, they often offer a reload bonus. This bonus is usually given when your account becomes depleted and is a way to get you to put more money into your account by offering a bonus for doing so.
5. Preferred Deposit Option Bonus: This bonus is usually given for using the online casinos preferred depositing methods. Often times they will offer a percentage on the amount of your deposit to determine the amount of the casino bonus.
6. High Roller Bonus: This bonus is usually given to players that live a little more on the edge by depositing larger sums of money. Usually the casino will make a $1000.00 deposit limit to qualify for this bonus. Usually the larger the deposit made to the online casino the bigger the bonus.
7. No deposit bonus: This casino bonus is given simply for signing up, with no deposit required. At times online casinos are just welcoming you to the casino by simply giving away small amounts of money just for the simple act of the player signing up. This ranges from $5-$20.00.
All of these casino bonuses are similar to land based casino bonuses, and have the same end result in mind. The casino bonus is used to bait and lure players into the casino. Most of the time this works out well for the casino and most of the time it works out well for the player. Who wouldnt turn down a free cash offer to play the casino slots? The problem sometimes lies in the player not reading the full disclosure agreements to taking the free casino bonus money. Make sure to read all rules, terms and conditions before signing on with any casino.