Cashback casino

What is a cashback bonus?

Cashback is English and Means refund. It's kind of a bonus. online casino games where you are as a player get money back on what you played for, if you don't make a profit . It is now unusual with cashback bonuses, not least at New Zealand casinos.

A cashback bonus is the casino's way of giving back to you as a player, a bit like a ”thank you for playing with us” and a welcome bonus on games. This has previously mainly been a VIP benefit at several online casinos. That is, they give back different percentages of cashback to their high rollers, and the more you play for, the more you get back in cashback.

Good to keep in mind when playing with this bonus

Would you choose a casino that offers any type of refund like casino bonuses we would like to emphasize the importance of reading through the additional terms and conditions.

How does casino cashback work?

Cashback casinos always have the choice to change their bonus terms and conditions, so it is important to skim through these so you know what really applies. Most casinos that offer cashback give away a certain percentage every week or month, which is calculated on the player's losses . So if you deposit money and win big the same week, you have no refund to expect.

This is partly because many casinos cannot$edit any bonus while you as a player have an amount that you want to withdraw, precisely because possible wagering requirements are added and thus make it for the payout. The second reason is that it simply becomes unfair and for the same reason that wagering requirements exist, it could result in the casino going backwards - which, as you know, should never happen according to odds.

However, if you lose and play at an online casino that offers say 10% cashback every week, you have a lot to look forward to the following week. We say that you make a deposit of$ 3,000 and are entitled to a cashback of 10%, then you get$ 300 from the casino the following week. The ultimate is also if the bonus you get is completely free from wagering requirements and thus can make a withdrawal directly if you feel like it.

Cashback step by step

Cashback or cashback at the online casino is a fairly simple reward construction. You can boil the concept down to four elements;

1. Make a deposit at a cashback casino
2. Play optional games (unless the casino has specific bonus Terms & Conditions)
3. If you do not make a profit after playing with the amount, you will receive back a certain % of your deposit
4. Your cashback will be paid to your player account at a predetermined date and time

Trickier than that, in fact, it is not. It is only important to take a closer look at what applies to what relates wagering requirements . A cashback should ideally be completely free of wagering requirements. Then you can choose to make a withdrawal if your cashback is large enough to withdraw. However, it can also be linked to wagering requirements.

Difference between bonus and cashback

Is there a difference between a cashback and a regular casino bonus? Yes, at least it should be. However, there are a lot of gambling sites and online casinos that are fooled a bit when they advertise really good refunds. Depending on how much you have deposited, lost and whether your cash back bonus$is edited with or without wagering requirements, in our opinion it may not be worth playing for. A cash back or refund should be just a refund, completely without wagering requirements .

Reimbursement of losses

By far the most common type of cashback is the one paid out on losses. Such an offer can be seen as a ”second chance”.

Cashback on losses is paid out as a percentage of what you have lost. For example, it can be 5% or 10%. There is also always a clear time limit. What are the losses that count? Well, it is the net between stakes and winnings that is the key.

Example: You deposit$ 500 and you're out of luck. You lose everything, but luckily there is a 10% cashback to lean on. With that percentage, you get$ 50 back from the casino.

Cashback as a welcome bonus

Something relatively new is that you can take advantage of a cashback bonus already at registration and when you make your first deposit. Instead of a bonus that is added to your first deposit and doubles your deposit, at some casinos you can play with a Cashback bonus instead of a classic welcome bonus. Lucky Casino is an example of online casinos with cashback as a welcome bonus.

Here you can get up to$ 250 back on your first deposit, if you do not manage to double the amount of your deposit during the game. If you succeed, there will be no refund.

Cashback promotions

Another option that can be found on several gaming sites is specific promotions or periods in which a certain Cashback applies. This can apply to a particular slot machine, be exclusive to live casino games or simply just be linked to a fixed promotional period. It is especially with these one should read through the bonus rules as wagering requirements probably will be added.

Regular Cashback

Of these variants, it is a regular cashback that suits us best in taste. It is often this kind of refund that consists of 10% and$is edited without having to wager the amount before you can make a possible withdrawal of the money. For this reason, we see this as a real refund in real money, rather than a bonus you have to play with whether you want to or not.

Cashback at New Zealand casino

All online casinos with New Zealand license since the beginning of 2019, we have had to adjust completely to the changes in the Gaming Act that were made. This meant, among other things, recurring promotions with bonus offers, free spins without Deposit and slot tournaments ceased at most New Zealand casinos. However, not everyone was as fast on the ball as wanted, and cashback bonuses were instead something that began to appear more and more on online casinos.

The most common was to give back 5 – 10% of your first deposit if you did not make a profit. These have also been discontinued in New Zealand, in any case the cashback bonuses that return in the form of rewards in e.g. VIP programs every month and the like.

What does the game law say?

The game Law is deliberately unclear$ing most things that have to do with bonuses. The idea has always been that , through ongoing audits and precedents, should ”fill” the very loosely held ”bonus clause” with content.

The position of the authority is that l island̈ pande cashbacks are r is considered as on̊ recurring bonuses , this even if refunds are without wagering requirements. A strict interpretation of the law provides that such offers are not allowed. This has resulted in the majoriette of New Zealand online casinos have scrapped their previous offers on the theme.

We will continue to closely monitor what announces so that you know exactly what applies. Keep an eye on our news reporting here on the site!