This is a much more unusual cashback bonus, but very attractive nonetheless. After all, here you don’t have to lose anything to get cashback. Instead, you get cashback automatically despite the fact that you have won. Such cashback bonuses give you back a percentage of all your bets. It can be anywhere from 0.2 to 1%. It may not sound like much, but it is something that can help a lot. For example, if you are playing a slot machine with an rtp of 97.5%, a 1 percent increase will instead give it an rtp of 98.5%. Then the house advantage drops from 2.5% to 1.5%.
It can be a lot of money over time. It is different how you get paid this amount. In most cases, you will be reimbursed the following week. Weekly cashback as we just touched on, it is also different when cashback is paid out. The most common is that cashback is paid out once a week. For example, every monday. If so, you will be refunded everything you lost from the previous week. There are also some casinos that choose to have the payout on a wednesday, for example.
Although weekly cashback is not bad, most players would choose daily cashback if they could choose for themselves. After all, you want your money back as soon as possible. That way you can play the next day without making a new deposit.
Cashback in loyalty programs
There are also several different ways to get cashback. Many casinos that offer cashback have it available to all players anyway. But there are also some who choose to have cashback as a benefit in loyalty programs. In that case, you will have to play regularly to enjoy their cashback bonuses.
Such a cashback casino bonus can, for example, be divided into three levels.
Bronze: here you will get 5% cashback on all slot machines.
Silver: when you reach this level you will get 10% cashback on all slots.
Gold: if you reach this level, you will get 15% cashback on all slot machines.
This is just an example of how a loyalty program can work. There are, of course, big differences between how online casinos handle this.
Slot machines vs. Live casino cashback
There will often be restrictions linked to a live casino bonus. Unfortunately, it is not the case that you can play casino games freely and expect cashback no matter what you play. At the vast majority of casinos, you will be able to get cashback on slot machines. This means that anything you bet on other games will not count towards the cashback amount you get refunded. This is of course not as favorable as if all games had counted towards the cashback bonus. However, there is also a relatively large selection of online casinos that have a live casino cashback bonus. Here you will be reimbursed for all your losses. Also on games with a very low house advantage, such as blackjack.