A cashback bonus is one of the most lucrative bonus offers at NZ casinos, giving you regular bonus money just for playing at the online casino.
If you’d like to find the best casino cashback bonuses or how exactly a cashback bonus works, keep reading this article.
A cashback bonus is exactly what you’d imagine from its name – it works like a small “refund”, giving back some of the money you’ve lost at the online casino.
This standard bonus might seem too good to be true, but there’s a catch: a cashback bonus gives back a certain percentage of the money you’ve lost over a specific time period. The maximum amount depends on how much you’ve lost, contrary to a deposit bonus that depends on the size of the first deposit.
Here’s a quick overview of how a standard cashback bonus works.
Cashback offers come in many different shapes and forms. The basic principle will always be the same – you’ll get a certain amount back. However, casino cashback offers can be redeemed at different times and by different players.
Almost all online casinos have some welcome bonus offers that are meant specially for newly registered players. The standard welcome bonus package may include free spins, live casino bonuses or deposit offers (for example, 100% up to 100 NZD).
Sometimes, welcome bonuses include a cashback on special terms. For instance, players may receive cashback from their first week’s losses or their first bets.
This kind of a welcome bonus is common on sports betting sites: you may receive 20 dollars in free bets, but these free bets are activated as a cashback you’ll receive if you lose your bet.
The most common type of cashback is a regular one: a daily cashback or a weekly cashback bonus. This casino cashback is given to players regularly by default, and you won’t have to do anything extra to redeem the bonus. It’s automatically active on your account, and you’ll get a bonus whenever you lose money.
Regular cashback casino bonuses are given to loyal players as incentives to play and bet more. Clearly, every player would rather choose a cashback casino instead of a regular one because if you’re going to lose, then why not do it at a casino where you can get something back?
Some cashback casino bonuses may not run continuously but periodically as special promotions. Whatever the case, regular casino cashback offers are most common – you can find such offers at all the best cashback casinos.
Another widely common cashback casino bonus is for VIP club members: high rollers and regular casino players. In fact, before cashback bonuses became more mainstream, these were only granted to VIP gamblers as a part of the casino’s VIP program.
Some casinos have a special VIP or a loyalty program with different rewards, depending on how much the player bets. The more you bet, the higher your VIP level and the better the rewards. The best cashback casinos may offer a cashback of up to 20% to the highest VIP members and around 5-10% on the first VIP levels.
VIP bonus may also have lower wagering requirements or otherwise lucrative terms that aren’t available to all casino gamblers.
As great as a casino cashback bonus may be, every bonus has some conditions that players must fulfil. Without being aware of these terms, you’ll end up in a sticky situation and could potentially lose your bonus.
Wagering requirements are the bane of all casino goers. Whether you’re trying to redeem a bonus code, free spins, a welcome bonus or a cashback offer – there are always some conditions you need to fulfil.
Wagering requirements determine what you must do to redeem the bonus so that you can withdraw the money. Unless you fulfil the wagering requirements, you’ll lose the bonus altogether.
Although all casinos have different wagering requirements, the most common condition stays around 10-40x. This means you’ll have to place bets up to the mentioned amount before you can withdraw any money from your account. If the playthrough requirement is 10x and your cashback bonus is 10 NZD, you’ll have to place a 100 NZD worth of bets to receive the bonus.
This is not where the requirements end, though. Some casinos require wagering through the initial deposit and the received bonus. Of course, the actual wagering multiplier can vary greatly, with some casinos asking for a 50-75x wagering requirement.
The smaller the wagering requirement, the better, but that’s not necessarily an indication of a good bonus. Always read the conditions thoroughly since the bonus wagering multiplier alone might not tell you the whole story.
Cashback casino offers aren’t active on your account forever. Similar to other online casino bonuses (like free spins or a welcome bonus), cashback casino bonuses must be used over a certain time period. There’s always an expiration date, and once that’s over, the casino bonus gets removed from the account.
Cashback bonuses may last from 24 hours to 7-14 days, depending on the online casino. You must fulfil wagering conditions within that time period to unlock the online casino bonus completely.
Since cashback bonuses are directly related to your losses, remember that the bonus is also calculated over a certain time period. Thus, the amount depends on how much you lost over that time period.
For example, if you lost money on Sunday evening, but the bonus is calculated up to Sunday morning, your evening losses won’t be counted anymore. This is tricky initially, but once you get the hang of things, the time restriction won’t seem so daunting anymore.
All online casino bonuses restrict the kinds of games you can play with your bonus. While free spins are meant exclusively for slots, cashback bonuses can be used for various games. Some casinos may even give access to live dealer games.
This flexibility is incredibly lucrative compared to more restrictive casino offers like free spins, but that doesn’t mean cashback doesn’t have its game restrictions.
Again, it all depends on the casino. Certain games may be excluded entirely from playing at some gambling sites, or you may not fulfil the wagering condition when enjoying those games.
Game restrictions are always listed in the bonus terms; sometimes, the list may include tens of games. Though this seems overly harsh, game restrictions are related to the software providers.
Sometimes, a welcome bonus or a cashback bonus might be tied to a specific software provider: the casino may collaborate with the game creator to organize a mutual promotion. In that case, the software creator doesn’t want to shine a light on other game creators; thus, some games become restricted.
Since these terms can be tricky and often unexpected, check the restricted game list before using the casino bonus.
All casino offers are not meant for all players. Some players prefer a regular top up bonus or free spins, while others seek cashback.
Here are some benefits of redeeming a cashback bonus:
In contrast, these reasons might make you think twice before using the bonus:
Playing at online casinos is fun, but the fun can last only if you play reasonably and follow some simple responsible gambling principles.
First and foremost, you should never chase your losses. This shouldn’t be an issue if you have a cashback offer activated on your account since you’ll get some of your money back. However, some gamblers go greedy and try to “balance out” their losses by betting more and more. Sadly, this leads to only bigger losses.
If you start gambling regularly, you should always have a strict gambling budget that determines how much you can transfer to your casino account. Never deposit more than allowed in your budget – this is the best way to ensure you won’t end up having gambling problems.
By acting reasonably and pragmatically, you can extend your casino fun further and ensure it never becomes a burden in your personal and financial life. Be a smart gambler, keep in mind these tips and use your cashback bonus reasonably.
Yes, absolutely! All top cashback casinos are properly licensed and regulated online casinos. A cashback bonus is a regular bonus offer, similar to any other promotions a casino may organize. If you play at a licensed casino (with a license from the Malta Gaming Authority or UK Gambling Commission), gambling online with a cashback bonus is completely legal.
The cashback casino bonus helps the casino to find new players who’ve been reluctant to sign up. Knowing you can get some of your own money back (if you should lose) gives you a much better feeling about taking some risks. Cashback is just another casino bonus, similar to how a casino may offer a bonus code or 10-50 free spins on sign-up.
The size of a cashback casino bonus depends on the casino. One casino may offer 15% cashback, while others may stick to a standard 10% cashback. The latter is most common, and at almost all the best casinos, you’ll receive a 10% cashback that’s calculated from your real cash net losses. VIP cashback may reach higher percentages and even up to 20%.
If dealing with a weekly cashback, it’s available to all casino players by default. Some cashback bonus offers are only available for VIP players or high rollers, so everything depends on the chosen casino. In general, you only have to deposit money and play. If you lose, you’ll receive the cashback automatically the next week (or next day, if dealing with a daily cashback).
Cashback casino offers are easy to use and don’t require much effort. First, you must deposit real cash into your gambling account and play casino games. If you should end up losing money, the casino will later “refund” the net losses. Essentially, you have to deposit and play; the rest is up to the casino. Of course, ensure you always comply with the bonus terms and conditions.
Many New Zealand casino sites offer cashback, some more than others or with better terms. BestBonus lists the best casino cashback offers in one comparison list – take a look at the listed offers and pick the one that matches your expectations the best.
Yes, you can! Bonus cashback money is usually withdrawable once you fulfil any possible bonus conditions. You might have to fulfil a wagering requirement and comply with some other terms, like game restrictions. Different casinos have different terms, so make sure to read the requirements before rushing to redeem the special cashback bonus.
A no wagering cashback offer is quite rare, but sometimes, casinos offer these to loyal players. You can find the top cashback offers from BestBonus, where we list the best New Zealand casinos and their current promotions.