If you enjoy playing online casino games at sites such as Lucky VIP, you’ll have likely seen many amazing promotions, including cashback rewards. But what exactly is a cashback offer, and what do you need to know about this type of enticing perk? Learn about these rewards in our guide.

What is a cashback offer?

While this may sound confusing at first, any experienced gambler will tell you that losses are unavoidable. Whether you’re playing a pure game of chance such as live roulette, or you’re playing a game that includes an element of skill like live blackjack or poker, you may experience periods of play where luck simply isn’t on your side. Thankfully, casinos recognise how discouraging this can be and have a solution. That’s right! Players can reap the benefits of the cashback offer. A cashback offer simply refunds the player a percentage of their losses. Let’s take a more detailed look at exactly how it works.

How do cashback offers work?

Like all promotions, exactly how they work will differ from casino to casino. Some casinos will require that you opt in or sign up for a cashback offer, and stipulate very specific conditions that you have to meet before you can take advantage of it. For example, a casino may require that you spend a certain amount of money before the bonus comes into effect. Another may only give something back when you hit a certain amount of losses.

Others may only allow you to take advantage of the offer for a limited amount of time, such as a week or a weekend. These are not the only restrictions you might come across. While some casinos will pay you back in actual money, most of the time a cashback offer is honoured using “casino cash”, or in other words, casino credit. This means they’ll provide you with casino money that you can use to play specific games, or on a variety of games but with certain wagering or win restrictions placed on them, or some combination of both. 

Players should also be aware that most casinos don’t allow you to take advantage of multiple offers at once. For example, you can’t use a welcome bonus in combination with a cashback offer. Now that you have a better idea of what a cashback offer is, here are two examples of how it might work:

• You register for a cashback offer on your favourite casino live games, which is valid for the weekend. You deposit £50 to play after agreeing to the terms and conditions, which state that you will get back 10% of your losses in cash. You get some very small wins, but in the end, you lose £39.50. The casino honours their agreement and returns £3.95 directly to your bank account or credit card.
• You register for a cashback offer on your favourite online slots, which offers you 10% back every time you lose £50. However, the casino doesn’t return it in real money, but instead as credit for one of three online slots that you enjoy playing, and with a maximum win limit that’s 25% of what you’d normally win if you were using real money. You play, and have a bad run of luck and lose £50, and the casino rewards you with £5 of credits for one of the three online slots.

Always read the small print

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