A cashback bonus is designed to give players a second chance by returning a percentage of their losses to their account as either real cash or redeemable points. Basically if you have a bad run on the reels, the casino credits your account with a bit of extra dough so you can play on – losing is turned into winning! On this page you’ll find a list of the best cashback bonuses available today, as well as tonnes of information on how to take advantage of them!
Check out our recommended cashback bonuses to get yourself started.
What Is a Cashback Bonus?
Pokies are the most mercurial online casino game of all, and sometimes you’ll find that your luck has run dry. At these times, it’s not uncommon to make losses at the reels, and players who lose money might consider giving up the casino and trying somewhere new – and the casino doesn’t want that.
Rather than raking in the cash from your losses, those casinos with a cashback program will allow you to recoup anywhere from 5-25% of your total losses for continued play. Often this is a daily calculation – other promotions run weekly or even monthly – and suddenly you’re back in the game without depositing more cash into your account.
It’s similar in design to a no deposit bonus, in that the casino doesn’t need to give you anything, but it chooses to in order that you might profit and keep playing regularly at the casino.
Why You Should Use Cashback Bonuses
There’s nothing worse than an enjoyable session on the pokies turning south before your own eyes. Witnessing your luck fail, the account balance drop and eventually admitting a serious loss can put you off online gaming for quite some time. If you suffer from problem gambling, then this kind of result can be act as a much-needed wake-up-call and shouldn’t be ignored.
For more casual gamblers, the loss is felt keenly because you’re probably not going to inject more cash into your account until the next payday, and that could be weeks away. The cashback bonus exists for exactly these players. If you’re a sensible gambler and luck isn’t on your side for a few hours, the entire month’s kitty could be down the drain. A cashback bonus, even a small 5-10% one, gives you the chance to climb back up the ranks, restore your balance and even take home a tidy profit.
A Game of Chance
Remember that the outcome of online pokies can’t be fixed or predicted: if you lose $1,000 and get a lowly $50 as cashback, a single spin could turn that into $5,000, or even a major jackpot payout. In online casino, if you’re offered something for nothing, there is absolutely no risk in saying yes and placing a few wagers.
If you can acknowledge that slots are a game of chance, then choosing to avail a cashback bonus should be a no-brainer: there’s nothing to lose, and all to gain.
Where to Find the Best Bonuses
Your first port of call should always be right here, at CasinoBonus.nz. We go to lengths finding the best and most up-to-date offers for our readers, saving you the hassle. See the table at the top of the page for our latest and greatest findings!
Alternatively, Google can be your friend. Be careful if you’re looking around online, however, as you might come across rogue and blacklisted casinos with dishonorable intentions. All of our favourite casinos are for fully-vetted and respectable establishments, so you’ll have no such concerns following our recommendations, including the likes of Casinoland, Jackpot City and Dunder Casino.
Terms & Conditions
As with all online casino bonuses, your redeemed cash will be subject to wagering requirements. This means that whatever amount you recoup with your cashback bonus will need to be gambled anywhere from 20-50 times before it can be withdrawn. Say the amount was $50, and the wagering requirement 35x, you’d need to place 35x$50 = $7,000 worth of bets.
Naturally, you should try to gamble at low wagering casinos wherever possible, since the smaller the playthrough, the higher your chances of making an eventual profit.
Make sure you read the T&Cs thoroughly before starting, as your bonus will also be subject to a time limit (anywhere from 24 hours to several weeks) and there will likely be a maximum withdrawable profit from the bonus money as well.
The appeal with cashback bonuses is that they breathe new life into your gaming when it looks like you’re down and out. As we’ve said a few times now, that first spin with your cashback bonus could be a huge jackpot, and so there’s never a good reason to reject the bonus. The worst that can happen is that you still don’t make a profit, but if you decide to forgo the bonus, you’ll definitely remain in the red.