From everything written so far, it becomes apparent that the cashback is definitely an appealing incentive. Nonetheless, the cashbacks available at some online casinos provide players with more value than those offered by others, largely because of their favorable terms and conditions. There are several aspects you must factor in before opting for a cashback bonus.
2. The Cashback Percentage
The cashback percentage the casino offers on your losses is one of the most important things to consider. Said percentages vary across the board depending on where you play but can range anywhere between 5% and 25% in most cases. You should look for high percentages but only on condition the maximum cashback cap is high enough.
With that in mind, lower-percentage cashbacks are sometimes better than those with higher percentages. This usually happens when high-percentage cashbacks have very low caps, in which case the maximum refund a player can extract from the bonus is also very low.
3. Check The Caps
Check the caps (if any) on the cashback bonuses, i.e. the maximum amount you can receive as a refund on your losses. For instance, let’s suppose your online casino offers a 20% weekly cashback with a cap of $100 only.
You experience a bad run during the week and end up losing $500, in which case the operator will refund you with the maximum cashback of $100 (20% of 500). Had you been luckier and lost only $200, your cashback would have been $40 only. However, if your losses were higher at say $800, you would still get back only $100 rather than $160 due to the low maximum cap.
4. Check The Wagering Terms
The list of eligible casino games and wager types is also important. If you are keen on playing live-dealer games like blackjack and baccarat a cashback available on slot losses will be of absolutely no use to you. Ideally, the cashback should cover a healthy mix of game types to cater to all player preferences. Some betting sites feature both a sportsbook and an online casino, offering dedicated cashbacks for each product. You cannot use a sportsbook cashback in the casino section, and vice versa.
5. Promotional Terms and Conditions
The promotional terms and conditions of the casino are hardly the most thrilling piece of writing to peruse, but this is where you can find a breakdown of all essential details of the cashbacks on offer. The terms contain all the rules you must comply with after you opt in for a given bonus. Remember that any violation of the promotional terms will cause the casino to void your cashback. Reading the rules in advance will also enable you to identify any vague or predatory terms that devalue the cashback bonus.
6. The Overall Reputation of The Casino
The overall reputation of the online casino that offers the cashback is worth researching as well. The first thing to check is who licenses and regulates the gaming site. Look for websites licensed by highly recognized regulatory bodies like the Malta Gaming Authority (MGA), the UK Gambling Commission (UKGC), the Gibraltar Regulatory Authority (GRA), and the Alderney Gambling Control Commission (AGCC), among others. Be sure to research the background of your chosen casino to ensure it has no previous history of mistreating players.