How Does a Casino Cashback Bonus Work?
You have heard about welcome bonuses, reload bonuses and our uniquely structured Juicy Stakes no deposit bonus. How about a casino cashback bonus? How does it work - and do players really get financial relief when their bankrolls are done and dusted? The answer is... a resounding ‘Yes’!
What is ‘Cashback’?
Cashback is the new millennium marketing strategy. It is a direct way for retailers, banks, medical schemes, credit card companies and insurers to reward customers for buying their goods and services or paying monthly premiums on time. In the retail sense, the more you spend, the higher the cashback and that is essentially what keeps the economy going round and round.
Perks, Incentives and Compensation
In the context of casinos, cashback bonuses can be perks, incentives and compensation. In the brick and mortar gambling halls of Las Vegas, for example, high rollers get cashback in the form of accommodation upgrades, free meals, complimentary show tickets and comp points.
The aim of these perks is to thank big spenders for their patronage and incentivise them to come back and play. It is the most cost-effective way of getting the gambling whales to wallow around in their ‘pool’.
Cashback bonuses targeted at VIPs is not strictly land-based. There are loads of online casinos that focus solely on the players who deposit large amounts of money into their casino accounts and play with high stakes. There are still other gambling destinations that scale cashback according to the bets individual players have placed the week or month before.
It doesn’t really matter how operators disguise it; these types of cashback bonuses are designed to give wealthier players a distinct advantage.
Get a Fair and Equitable Allocation of Cashback at Juicy Stakes
At Juicy Stakes Casino we take a more egalitarian approach when dispensing cashback to our legion of players. We do not base the value of the bonus on how much you have wagered on our eclectic selection of online casino games the day, week or month before. That is more in the realm of our Juicy Stakes no deposit bonus. What we do instead is offer a fixed percentage to all players across the board.
How Much Can You Earn in Cashback at the Casino?
How much can you earn in the form of cashback at an online casino? It all depends on where you choose to gamble. The vast majority of cashback bonuses online typically range from 5% to 25%, with an average of around 15%. The question is; 15% of what?
Well, it can be of the net losses accumulated over a period of time, or on very rare occasions, it can be a one-off percentage bonus of the total amount wagered - wins and losses notwithstanding. A more common arrangement is to offer cashback as a total percentage of a deposit.
In other words, if you lose all the funds you have deposited in a single transaction, the casino gives you a portion of the money back.
Typical Cashback Bonus T&Cs
As with all free offers, cashback bonuses are regulated by rules. These rules are set out in the bonus terms and conditions and typically refer to the playthrough and any limits that apply to the bonus. What is the playthrough? It is the number of times you have to wager the value of the cashback bonus before you can cash out.
At some casinos, you are only entitled to withdraw bonus-generated winnings up to a specified dollar limit. In almost all instances, the amount of money you can claim as a cashback bonus is capped. This last rule is arguably one of the most important rules to take into account. What you do not want to do is deposit a large sum of money into your account, only to fail to get the compensation you deserve because it falls outside the maximum cap!
How to Earn Cashback at Juicy Stakes
The good news is that at Juicy Stakes Casino there is not one but two ways of earning cashback:
- You can recoup a percentage of your losses via our fabulously generous cashback bonus.
- Every bet you make automatically accumulates and is converted into Frequent Player Points (FPPs). FPPs fund the Juicy Stakes no deposit bonus… a constantly accruing bonus which is essentially a cashback system in its own right!
What Does the Juicy Stakes Cashback Bonus Entail?
Now to the cashback bonus at Juicy Stakes. At our casino, this particular bonus is purpose designed to ramp up the gambling action over specified weekends.
When you make a deposit and bust it all playing slots - usually by only one of our awesome game development brands - you can claim 35% cashback via our efficient customer support team, up to a maximum of $250. That is more than one third of your depleted weekend bankroll and double that of the average cashback bonus!
How about the playthrough? At Juicy Stakes you only have to wager the cashback 10 x prior to cashing out but here’s the kicker… there is no maximum cashout limit! That means you are perfectly entitled to withdraw all the winnings generated by the cashback bonus, provided you have satisfied the playthrough!
Quick Cashback Bonus Recap
Here is a quick recap of the key features of the Juicy Stakes Casino cashback bonus:
- 35% cashback on busted deposits
- Cashback limited to $250
- 10 x bonus playthrough
- No max cashout limit
- Valid over weekends
- All depositing players qualify
Juicy Stakes No Deposit Bonus: An Ongoing Cashback Bonus
Besides getting compensation for a portion of your gambling losses over the weekend, you are essentially increasing the value of your Juicy Stakes no deposit bonus simply by playing our real money games.
When you wager a total of $100 on slots, video poker, blackjack, Casino Hold’em and Let it Ride or Caribbean Stud you earn Frequent Player Points at a rate of 100:3, 100:8; 100:1, 100:3.5 and 100:5.
Once you have accumulated a certain number of points, they are converted into Gold Chips and Chips can be redeemed in increments of $5 as part of the free cash Juicy Stakes no deposit bonus.
Our bonuses are only one good reason why you should sign up at Juicy Stakes Casino right now. Our multi-software games, easily contactable customer support team and secure banking platform are among the others!