Live Casino Cashback Bonus – Is it Too Good to be True?

The live casino industry has grown tremendously. While credit must go to technological advancements like the internet and mobile phones, the live casinos themselves have played a vital role. They employ impressive marketing tactics to attract and keep players. And top of the list is live casino bonuses. 

But when speaking of online casino bonuses, most players immediately remember match-up rewards and free spins. They forget that rebates or cashback are important too. So, what precisely is a cashback bonus, and what must live casino players do to claim it? 

What is a cashback bonus?

Any seasoned sports bettors should be aware of the term "rebate." This is a percentage of a lost bet returned to players. In some cases, this can be free bets. A casino rebate bonus works the same way. The gambling site cushions select players from losses by refunding a small percentage of the lost bet. This is usually 5% to 10%.

For example, a live casino may run a cashback program where players get 10% of their lost bets over the weekend. Now, if you lost $100, that will give you $10 in bonus cash. The casino can also provide a cashback for every lost bet, although that's very unlikely. So, overall, cashback money tends to benefit high rollers more. 

How to qualify for the loss rebate bonus

There is no predefined way to claim the live casino cashback bonus. Usually, the reward is part of the casino's loyalty program, so players don't have to put in a shift to claim it. Just be a registered member of the casino and play regularly. The casino will eventually reward your efforts with a rebate bonus.

However, it's vital to determine if the gambling site offers this type of incentive. This information should be laid bare on the FAQ section or the terms and conditions page. But if you can't find it there, feel free to contact casino support. They will add you to the promotion if you meet the minimum requirements.

Be careful, though

Due to the nature of this bonus, it might be challenging to find a casino that offers it. And if you do, the reward comes attached with a fine print. What does it include:

Playthrough requirements

As you may already know, most casino bonuses are non-withdrawable, and cashback is no exception. But still, you can lay your hands on the prize after fulfilling the wagering requirements. Take this example; a casino can add a 10x playthrough requirement on the $30 rebate. In that case, the punter in question must wager at least $300 (10 x $30) to withdraw the $30. Choose wisely!

Eligible games

The game restriction is another common thing in cashback bonuses. For instance, the casino can only pay out cashback for losses accrued from Thunderkick slot machines. It's also possible to find table games like roulette included in the promotion, although slots take the lion's share.

Minimum loss limit

Deposit bonuses have a minimum deposit to qualify for the reward. On the other hand, cashback bonuses have a minimum net loss, although this varies depending on the casino. This basically means that players must lose a certain amount to qualify for the funds. This can be any amount that the fine print stipulates. So, lose more to get the bonus.
Validity dates

This is one aspect that most players get wrong most of the time. They forget that bonuses expire after a certain period. For instance, a casino can give you five days to use the cashback bonus. If this period elapses and the reward isn't used, the casino will void the bonus and any progress. And you wouldn't like that to happen, would you?
Live casino cashback bonus – Is it worth the hassle?

Honestly, it's unwise not to claim free lunches in the tricky online gambling industry. Cashback, just like other online casino bonuses, gives players the perfect opportunity to play the games for free. Just claim the reward and use it to play your favorite live casino games. Another thing, cashback rewards are relatively easy to comprehend and claim, unlike complex deposit rewards.

But savvy players know that casinos are not charitable organizations. Most bonuses are simply marketing gimmicks to encourage gamers to play more. That's why they include wagering conditions that are sometimes are unrealistic.
Still don't agree? The casino knows that longer play results in more losses. After all, the 'wicked' house edge ensures that in the long run. This is why casinos rarely include low house edge table games like blackjack and poker in their bonus programs. Instead, they typically want players to spin the reels or throw dice, which reduces them into mere spectators. So overall, bonuses are good, but only to prolong your game time.