What is a Cashback Bonus?
The cashback bonus is a special reward that online casinos offer their existing players. All bonuses are fun and rewarding; what sets the cashback bonus apart is that it gives you the opportunity to recover some of the money you lost while playing at the casino.
This bonus is a form of insurance that casinos offer you. You could also look at it as a token of appreciation that casinos offer you for the time and money you spend playing their games. As the name suggests, this is a cash bonus or a bonus that rewards you with casino credits.
Some casinos offer the cashback bonus on losses incurred while playing specific games only. For instance, a casino may offer a cashback of 15% up to $500 on losses you incur while playing slots.
Some casinos offer the cashback bonus only when your account balance dips below a certain level, e.g. a casino may offer a cashback only when your account balance goes below $1.
The cashback bonus usually comes with low, or even zero, wagering requirements. Some casinos tag a wagering requirement to the wins that you score with the cashback amount.
Top Cashback Bonuses for South African Players
- 50 Free Spins On Sign-Up
- On Wheel Of Fortune Slots
- Payments in ZAR (Rand)
Ways that Casinos Offer Cashback Bonuses
Casinos calculate the cashback amount as a percentage of the net losses you suffer over a period of time. The different timeframes that a cashback may be offered for are:
Daily: Some of the bigger casinos offer the cashback bonus every day. In such a situation it is based on the losses you incur during the previous day’s play.
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Weekly: At some casinos, the cashback bonus is available on losses you incur on specific games over the entire week. The casino, in this case, mentions the time period for which the cashback is calculated, and then credits the cashback bonus into your account the following week.
For instance, a casino may offer a weekly cashback of 15% up to $500 on losses that you incur through the week while playing slots. The cashback eligibility period is, say, from Monday to Sunday – the casino then credits the cashback amount to your account the following Monday.
JabulaBets Casino
- R500 Free No Deposit Bonus
- Use Coupon Code NDC500
- R11,500 Free Deposit Bonuses
- 400 + Games / 98.2 % Win Rate
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Monthly: Some casinos offer a cashback bonus at the end of each month. In this case the cashback amount may be higher as it covers an entire month’ worth of gameplay and related losses.
JabulaBets Casino
- R500 Free No Deposit Bonus
- Use Coupon Code NDC500
- R11,500 Free Deposit Bonuses
- 400 + Games / 98.2 % Win Rate
- EasyEFT, EFT, Visa, MasterCard
How to Claim a Cashback Bonus
Here are the steps to claim a cashback bonus.
- Open a real money account with a casino of your choice.
- Check the Promotions tab for details about the cashback offer.
- Go through the terms associated with the bonus so you understand the requirements to claim it.
- Make the required minimum deposit to play for real money and qualify for the cashback offer.
- If you meet the criteria set by the casino—such as losing your entire deposit—contact the casino’s support team to claim the bonus.
Terms and Conditions Governing a Cashback Bonus
The following are the terms and conditions governing a cashback bonus for South African players.
- Wagering requirement: All casino bonuses, including cashback bonuses, come with wagering requirements. Check the terms and conditions to understand what is needed to cash out your winnings. These requirements are usually lower than other bonuses, and some casinos may even offer zero wagering requirements.
- Qualifying deposit: You must make a qualifying deposit to be eligible for the cashback bonus. Always verify the required amount before claiming the bonus.
- Minimum and maximum cashout: Casinos typically set limits on the minimum and maximum cashback you can receive. Be sure to review these limits beforehand.
- Eligibility period: Cashback bonuses are valid only for a certain period. Check how long the bonus remains active, as it varies depending on the type of cashback offer.
- Eligible games: Review which games qualify for the cashback bonus. Most casinos apply cashback to losses incurred on specific game types, such as slots or table games.
Cashback Bonus Pros and Cons
There are advantages as well as disadvantages that the cashback bonus comes with. The following are some of the advantages:
- It is a good way of recovering some of the losses you incur while playing at an online casino.
- It usually comes with minimal strings attached.
- The wagering requirements for this bonus are generally low, and some may even have no wagering requirements.
Here are some of the possible disadvantages that a cashback bonus comes with:
- It is available only on certain games.
- It may expose vulnerable players to the risk of addictive gambling behavior.
- The cashback bonus is usually offered as a percentage of losses incurred—typically between 10% and 25%—so the cashback amount may be small compared to the total losses.
Cashback Bonus FAQs
A cashback bonus is a special bonus that casinos offer to help you recover some of the losses you may have incurred while playing for real money.
Casinos may offer cashback bonuses daily, weekly or even monthly.
To zero in on a good cashback offer just go through the list of casinos that we have compiled for you here.
To redeem your winnings from a cashback bonus ensure that you fulfill the terms and conditions associated with it.
There are some casinos that offer cashback bonuses with zero wagering requirements.