The cashback bonus is not a widespread practice in the online casino world, and this means that there aren’t many players familiar with the concept. The standard cashback bonuses that are available at the online casinos on a website like XoSlot right now will refund you a percentage of the net losses that you have during a certain period of time.
That is a very appealing aspect that you should take into consideration when signing up for an online casino. The bonuses are considered to be a way of saying thank you to the players and helping them stick to the same online casino.
These bonuses come in many forms and shapes, some are more popular while others are not very known by the average casino player. Since the cashback bonuses are not a widespread type of bonus, like the no deposit bonus or welcome bonus, this does not mean that you can’t make a profit out of these bonuses if you use the correct strategy.
Just like the name says you will receive a part of your cash paid back to your online casino account. In order to actually receive a cashback bonus, you will need to deposit and lose your deposit and must place wagers within a certain timeframe when the promotion is available. In the event that you lose then a certain percentage will be paid back to your account.
How does a cashback bonus work?
The best way to understand how a cashback bonus works are to read the following example: An online casino is offering a 25% cashback bonus that can go up to $100. This means that you need to make a deposit of $400 and lose that sum of money in order to have your account awarded the maximum bonus amount of 25%.
Most of the time the online casino games have a very low house edge, but the variance that occurs during the moment when you play the games is high. This way if you don’t use the proper bankroll management strategies, you can easily end up depleting your bankruptcy. However, this is not going to happen if you sign up for a cashback bonus. You can go to LuxryCasino and check it out.
This means that in order to receive a cashback bonus you need to sign up, make a deposit and lose that amount. Losing should not be your goal while playing online casino games, but with the help of this bonus, you will feel secure that even during your bad times, there is something good, and having a cashback going towards account after that session is a positive thing that can result in your winning back your losses and gaining a profit.
When you are signing up for a cash back bonus offer you must also make sure that you completely understand the terms and conditions imposed on this bonus. These bonuses are mostly available for games like slots (the newest online slots we recommend checking on the https://newslotgames.net/), scratch cards, or other instant win games, and there are only a few of them that allow you to play blackjack, video poker, or roulette.
In order to get the best cashback bonuses, you simply have to find a website where there are many offers from different casinos such as this one. This way you can be sure that you are comparing the offers and shop for the best one available.
Loyalty Bonuses
Any online casino wants to have regular and loyal players that stay with their casino and come back to play some more and ideally play exclusively only at that casino. To make sure that this is happening the casinos have created a special type of bonus that is called loyalty bonuses. These are special types of rewards that are now widespread and can be found at any online casino site out there.
The concept behind loyalty bonuses is quite simple. Every time you play a real money online casino game you get to earn a fixed amount of comp points based on the size of the bets that you are making. The more you play the more points you manage to earn. These points can be transformed later on into real cash. These bonuses are also known as loyalty programs or VIP programs.
In order to keep players interested in the games some will not limit themselves to only one fixed exchange rate between the points and the cash, you receive with the help of this promotion. This way they came up with loyalty levels. Based on the total number of points that you acquire during the previous month or quarter you will move up to a higher level within the loyalty program. That will mean improved rewards for you and that means more money in your pocket.
The cash bonuses that you receive from your loyalty points will not have any hidden terms and you can fully enjoy the cash received as cash money and use it to play some more casino games or you could simply decide to cash it out. Most online casinos will sign you up for the loyalty program automatically when you open up a real money account and engage yourself in placing real money bets on the games available. However, there are a few online casinos that will make you a member of their VIP club only after you meet certain requirements.
The comp points from the loyalty bonuses can be transformed at the vast majority of online casinos out there into cash but some will allow you to use them for various other benefits. These can include prize draws, tournament tickets, or special merchandise. This is always ideal as it gives you more of a range of benefits that can be enjoyed versus a limited amount of benefits.
As a newbie, you might think that it’s harder to get some real benefits out of the loyalty bonuses, but this is not true. You will start earning these bonuses from day one and the majority of these programs work the same for both the small stakes players as it does for the high rollers.
Along with the tons of other bonuses that are available at an online casino you will most likely go to have a very rewarding experience. If you apply the proper strategies for the games that you intend to play in the end you have some pretty good chances of ending up with a good profit.
Welcome Bonuses
The welcome bonuses are a benefit that is available only at the online casinos and this practice can’t be found at land-based casinos. Since the online casino industry has always seen incredible growth the number of sites that are offering these bonuses is very high and probably 99.9% of the sites are featuring a welcome bonus on their homepage.
One particular thing about welcome bonuses is the fact that each and every casino out there is going to set up certain restrictions that are imposed on the bonus as wagering requirements. This way the sites are making sure that the users are not signing up to get the bonus and after that walk away with the bonus immediately.
Most of the time these wagering requirements are set up to be high enough for the player to have statistically a negative expectation. This way only the luckiest players will be able to fulfill them and walk away with more than they have deposited.
The world of online gambling is packed with lots of rewards and bonuses. The typical welcome bonus that is given out to players is situated at a 100% match rate. This way by making a deposit you will double the sum of money and if you deposit $100 for example, you will have an outstanding online casino balance that you can start using to play your favorite online casino games of $200.
As for the usual wagering requirements imposed on the welcome bonuses, it is situated between 20 and 100 times the bonus amount that you have received. Some online casinos will have even higher requirements, but most of the time this is happening when the bonus is awarded at 200% or 300%.
In case you are a fan of popular online casino games like blackjack, roulette, slots, or video poker, you can even find websites that are offering bonuses especially for one of these games. This way in order to clear the bonus, you need to start playing that game only and the other games will not count to clear your bonus.
Overall, the welcome bonuses are able to offer you a world of opportunities, but these are available only to those savvy online casino players that have the right knowledge to choose the right casinos, the right bonuses, and also apply the proper strategy while playing the games. This offers you the chance to see some good profits out of signing up for sites and playing until you have met the restrictions imposed on the bonuses.
