What makes online Casinos one of the best ways to play? Well, apart from entertainment, one of the major benefits of playing at an online casino is the ability to make extra money than you bet – through the casino’s rewards program and Bonuses. Because of this benefit alone, many Players opt to play online versus in-land Casinos.
As such, we see welcome bonus, reload bonus, referrals of friends, free Spins, etc. And what’s the weirdest casino bonus? We’ll be talking about this unique casino bonus (which pays back your money) in our next article. This type of casino bonus is rather difficult to find – as it’s given out by only a small number of online Casinos. Although this unique bonus is exclusive due to its rarity, the terms and conditions may still be present – either as a requirement or restriction. So please read on to learn more about this fun and helpful casino bonus.
The main difference between the usual online casino Bonuses (such as welcome bonus, referrals of friends, reloads, etc.) and the money back bonus lies in how it works. As stated earlier, the money back bonus was created as an encouragement for Players to continue gambling and to give them a chance to win again. Thus, Players don’t have to take any actions after receiving their money back – as long as they meet their obligations with respect to the bets related to the bonus.
Therefore, the money back bonus represents a compensation for a percent of all Losses suffered by the player during the stipulated period. Generally speaking, most of online Casinos return Players around 10 to 15% of their Losses. Again, there isn't any strict rule that outlines this percentage.
As previously mentioned, the term of validity of a bonus varies depending upon the maximum amount and level of an online casino, respectively. For example, some websites offer this type of bonus periodically; therefore, the validity of a bonus could last up to one week. Within this timeframe, Players that suffer a loss during this time frame will get a part of their money back based on their bet history or according to the maximum amount allowed for money-back bonus. Additionally, there are other casino gaming houses that provide the same bonus regularly but prefer it to be based on time frames for Losses.
Additionally, some online Casinos use this type of bonus as a special promotional tool for specific games they wish to promote. Hence, the money-back bonus can be intermittent. In addition, they also apply it in some games including slot machines and keno that generally contain the largest house edge.
Just like all promotions used by online Casinos; there are terms and conditions that must be met by Players prior to enjoying any Bonuses --including the money back bonus. Moreover, only some online Casinos provide this type of bonus; whereas others only give it away periodically as a marketing strategy. To ensure you're able to start any game; whether it's your favorite, it's essential to check-out the terms and conditions established prior to playing. On top of checking-out the terms and conditions established by your online casino; you'll need to consider the requirements needed to achieve your wins and Losses via games such as minimum/maximum Limits available for offers. It should also be noted that there is no universal guideline regarding when an online casino decides to impose Limits on the bets placed. In reality; there are two extremes in terms of this issue - some Casinos will establish Limits of $500 per month; while others will only permit $100 per month.
To summarize; another interesting fact is that generally, games with larger profit margins for the casino do not have money-back Bonuses tied to those games.
As previously mentioned; online Casinos have a variety of different Bonuses available - each designed to help create an environment where Players can improve their odds of winning. The typical Bonuses found at online Casinos include:
A Cashback bonus provides a player with the option to recoup a portion of his/her Losses during a pre-determined period of time (usually 1 week or 1 month). Essentially a Cashback bonus functions as a "safety net" for Players, providing a disincentive to stop playing even after suffering a losing streak by paying them back a percentage of their Losses determined by the casino.
Cashback Bonuses are awarded using two primary methods:
By calculating the aggregate loss a player incurs during a specified time frame (one week/month).
Using a predetermined maximum Cashback payout limit imposed by the casino. Once this predetermined time frame has expired; the casino will automatically award the applicable Cashback bonus to the player's account.
Similar to all promotions presented by online Casinos; Cashback Bonuses possess their own inherent terms & conditions:
Minimum amount of Losses required prior to receiving Cashback: Players may need to incur sufficient Losses prior to qualifying for Cashback.
Max Cashback payout: most Casinos will establish a maximum amount that qualifies for Cashback.
Games with high house edges may not qualify for Cashback: since these games provide a higher profit margin for the casino; they will often be excluded from participating in Cashback programs. Examples of such games include slot machines and keno.
Bet Limits imposed upon Cashback eligibility: to mitigate potential risks arising from Cashback programs; Casinos may impose Limits upon the amount that can be bet in order for it to qualify for Cashback.
Yes; Cashback Bonuses will typically apply only to certain games. Many Casinos exclude these types of games from participating in Cashback programs - particularly those with large house edges - in order to reduce the overall cost associated with offering cashbacks.
Spin Palace Casino
Fortunium Gold Moolah Slot
Lara Croft Fortune Slot
Area Link Phoenix Slot
Major Millions Slot
Mega Vault Millionaire Slot
Amazing Link Zeus Slot