Cashback in Virtual Casinos – What a Gambler Must Know

Gamblers often lose in casinos — neither newbies nor experienced gamblers are immune to streaks of bad luck. After failed bets, a user will start to look for a reason for the failure. Some gamblers think that the reason is a black cat that crossed their road a day before. Others start to blame the virtual online casino, then you are tempted to find a replacement in order to find the best online games. To prevent gamblers’ leaving the gambling club after a losing streak, perspicacious virtual clubs implemented cashback into their bonus system.

What is cashback?

This term comes from finance — banks give this title to a part of money spent on money services. Casinos return a part of money spent on entertainment to their customers. Cashback is activated only in case gamblers get into the red during the record period. All bets and winnings are counted automatically — if the result turns out to be negative, the gambler will have a right to a refund.

The percent of the cashback is set by the rules of a club — usually around 20% of the lost money is refunded. The cashback depends on different factors: the user’s status, their activity on the site in a given period, sums of loss and so on.

Cashback units

Return of your money is available in two main formats: real money and bonus units. Real money can be taken out of the club or used for betting. The bonuses have to be played within different entertainment before taking them out of a virtual casino. It is more preferable for gamblers to choose a virtual casino with real money cashback.

How to choose a casino with cashback?

While choosing a virtual club with cashback, we recommend looking into the following parameters:

1. List of games with cashback.
2. Frequency of having special refund offers: temporary, constant, holiday based.
3. Presence of max cashback sum — usually casinos set the upper limit of cashback but there are many clubs without it.
4. Period of cashback accrual — right after the end of the special offer or after a period stated in the rules.

Cashback for VIP clients

Gamblers with a special status may count on special refund conditions. VIP gamblers tend to have regular cashback, there are no limits of refund, and it is done with real money.

When can cashback be turned down?

Usually the conditions of cashback payout state that the casino has the right to deny refund without explanation. These rules spread among professional players. They use their own strategies that are often based on the choice of slots with high refund rates.

Such users may be in the black for several weeks but they will definitely have 1-2 unsuccessful weeks. So they will have a chance to claim for cashback - such conditions will not be profitable for casinos. That is why the club has the right to deny cashback to a gambler.