The concept of a cashback bonus is hinted in the name itself. Without a doubt, this bonus allows you to get cash back from the casino. Players who sign up for a cashback promotion get to receive a specific portion of their wagered funds in return.
While I love playing pokies and talking about them online, casino bonuses are my secondary passion. I enjoy seeing how online casinos are quickly picking up on new trends in casino promotions, offering creative incentives to existing players such as myself.
Lately, I’ve noticed more and more casino sites introducing cashback bonuses as regular incentives for active players. Cashback bonuses aren’t a novelty, but they were quite rare and mainly reserved for high rollers or VIP members. They are more common now, and rate highly among popular bonus types. Stay with me as I explain what online casino cashback bonuses are all about.
Since many casino sites target Aussie players and entice them with cashback bonuses, I’ve decided to help new players make the right choice. You can be sure AussieCasinos rates casinos objectively, recommending only the most beneficial options to fellow Aussies.
Part of evaluating Australian casinos online is testing their bonuses and promotions. I’ve checked out cashback bonuses and rated the casinos that offer them in the Australian market. If you want to set yourself up for a rewarding online gambling experience, choose recommended Aussie online casinos with the top cashback offers available.
The concept of a cashback bonus is hinted in the name itself. Without a doubt, this bonus allows you to get cash back from the casino. Players who sign up for a cashback promotion get to receive a specific portion of their wagered funds in return. However, a cashback bonus is never a 100% return. The casino determines the percentage of the bonus, as well as many other terms and conditions that shape the actual value of the offer.
Usually, the casino will monitor your activities over a period of time. For example, a week. Once that week is over, you may receive a cashback bonus based on your net losses in this period. Cashback rewards can also be monthly or daily, depending on the casino operator. Furthermore, the cashback percentage can range from as little as 5% up to 20% or more. Most commonly, the casino will offer 10% or 15% cashback.
Redeeming a cashback bonus is a different process than claiming other online casino bonuses. It can also differ from one casino site to another. Below, I will describe how to claim a cashback bonus in general, while also mentioning a few alternative elements that may be included.
Choose a trustworthy online casino with a cashback bonus.
Register an account and verify your details.
Go to the promotions page and find the cashback offer.
Read all cashback terms and conditions.
If needed, opt in on the bonus page.
Deposit funds to your balance and play real money games.
If the bonus requires it, play eligible games only.
When the cashback period expires, contact support to have your bonus credited or wait for the bonus to be credited automatically.
Ideally, the casino will see you as an eligible player for cashback and credit the bonus to your account without requiring you to do anything. In this case, all you have to do is play real money games and wait for the period to expire to receive a percentage of your loses during this time.
However, sometimes you’ll need to contact support so they’ll release the bonus, or opt in on the promo page before the qualifying period starts. All of these details will be in the bonus terms and conditions, which you must read beforehand.
Due to their unique nature, cashback bonuses have many specific terms and conditions players need to pay attention to. If you’re new to cashback bonuses, you may feel overwhelmed by so many restrictions and requirements. Let me simplify and explain the most important ones:
Wagering requirements
Validity
Maximum cashback limit
Cashback percentage
Qualifying games
Keep in mind that cashback offers can differ from one casino to the next. These are some of the terms often attached to cashback bonus deals, but there could be others. If you want to take maximum advantage of a cashback casino bonus, never skip the terms. Understanding them is essential to an enjoyable casino experience online.
If you’re worried about wagering requirements, let me brighten up your day. Cashback bonuses usually don’t have wagering requirements like other casino promotions. In other words, you get credited with the bonus cash and don’t have to wager it to meet the terms and conditions. The funds are added to your playing balance without rollover.
However, some casino sites may require that you wager a claimed cashback bonus, but only a few times. For example, you may need to wager the cashback 3 times or 5 times. The wagering requirements are minimal if any at all.
Within the concept of cashback bonuses, we can discuss validity as a period during which the casino calculates the bonus amount. As mentioned, this period can last one day, 7 days, or an entire month, depending on the operator. A player needs to be careful to meet all necessary criteria during this time. Otherwise, they will not be eligible for the bonus. Luckily, cashback bonuses are usually cyclical. If you miss one cycle, feel free to focus on the next one.
Some casinos tend to limit the cashback amount to prevent ambitious players from breaking the bank. For example, they may offer a 20% cashback up to a specific amount. If the calculation results in a higher sum, the casino will only pay the maximum limit, whereas the rest is considered void. The higher the limit, the better. However, you will also have to deposit and play more to lose more – to get the biggest bonus. So, make sure your bankroll can handle it.
The higher the percentage, the bigger the bonus. Of course, this depends on how much money you wager during the promo period and how much you lose. Sometimes you can get a bigger bonus with a 10% cashback than a 20% cashback because the promo periods and the maximum caps are different.
Cashback bonuses on all loses are calculated based on cumulative net losses regardless of the games played. This is a user-friendly offer that doesn’t restrict the player in terms of which games they need to play to become eligible for the bonus. However, there are cashback bonuses that focus only on specific games. For example, you may get some money back only if you play online slots from a certain provider. Or if you only play blackjack table games. You get the idea.
Depending on specific aspects of cashback bonuses, you’ll often find people refer to them differently. I won’t get into too much detail, but I will take a moment to address some of the frequent types Aussie players love to claim.
Welcome Bonus Cashback – This offer is reserved for new players. They are motivated to deposit and play, and will get cashback in return as a welcome bonus.
Live Casino Cashback – This type of cashback incentivizes live casino players. Only users who play live dealer games, such as those at Evolution Gaming casinos, become eligible for the bonus percentage.
VIP Cashback – This is one of the benefits granted to members of the casino’s VIP club. Higher VIP tiers will receive higher cashback percentages. In other words, each new VIP level player can count on better cashback returns.
Loyalty Cashback (Ongoing Cashback) – This scheme works similarly to VIP cashback. The casino offers ongoing cashback rewards to players for their loyalty with repeated cashback prizes. Loyalty cashback is usually a small token of appreciation, for example, 5% every week or so.
No Wager Cashback (Wager Free Cashback) - The no wagering casino cashback bonus is a promotion with zero wagering requirements. Such a bonus is quite popular among players, and with good reason. However, other terms can sometimes diminish the value even without wagering requirements. The conditions for this bonus type are generally good, but the maximum limit of the reward is usually smaller.
Like all online casino incentives, cashback bonuses have plenty of advantages and some drawbacks. Some describe them as two-edged swords. I can agree to an extent. It’s up to the player to decide whether the offer is suitable or not, considering all its terms and limitations, as well as the reward itself.
Using my knowledge and experience, I’ve summarised the pros and cons of claiming cashback bonuses at Australian online casinos. Please note that these conclusions aren’t based on individual cashback offers but rather on the nature of cashback bonuses.
Safety net – The cashback bonus acts as a backup, a way to mitigate losses and avoid losing all money wagered. Playing at online casinos in Australia for real money involves losing, and losses hurt. Cashback provides a way to heal at least a portion of that damage.
Easy to use – One of the main appeals of cashback bonuses is their ease of use. Many casinos employ an automatic cashback system that requires minimum effort from both players and the casino staff.
Straightforward – Cashback bonuses often have straightforward requirements that are easy to understand and fulfil. Their restrictions are minimal and reasonable.
No wagering or minimum playthrough – Expect low or no wagering requirements at all.
Excellent loyalty perk – When part of a loyalty scheme, the cashback is an excellent motivation for players to be even more active and reach better levels for higher returns.
Longer playtime – You can extend your session with some money returned to your balance (that you would have lost entirely without cashback).
Not as profitable as other bonuses – Online casino bonuses are typically about earning something extra. Cashback is more of a consolation.
Game restrictions – Not all players appreciate having to play specific games to become eligible for cashback rewards.
Not a staple at all casinos – Unlike welcome bonuses, found in every casino nowadays, cashback offers are not as common. They aren’t rare, but not as widely available as they could be.
Can’t win without losing – A player has to be comfortable with losing in order to claim some money back as a cashback bonus. It’s often a notably small percentage.
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It is an online casino site that offers a cashback bonus to its players. You can find a list of such iGaming sites here at AussieCasinos.
Yes. You can get some cash back if you join a trusted AU casino site offering a cashback bonus. The money returned to your balance won’t match the entire sum you wagered, but it will reflect a percentage of your losses during a monitored period.
The best cashback offer is the one you find most suitable for your playing style. Usually, a good cashback bonus has low or no wagering requirements, a high cashback rate, and a high maximum bonus limit.
Yes. Various top-rated online casinos in Australia offer cashback promotions. Cashback can be part of a VIP program, a one-off bonus, or a regular offer for existing players.
It isn’t easy to compare apples and oranges. On the one hand, less active players usually benefit more from welcome bonuses and occasional promotions. On the other hand, active and loyal players benefit more from continuous cashback boosts.