List of casinos with cashback
Such an option as a cashback is the most common option in casinos that introduce an attractive loyalty Program into their offers or in their bonus Terms and conditions they present a list of online gambling games from which you can receive a cashback with a set coefficient. In this article, our expert and editor-in-chief Milan Rabszski will display information about this in more detail:
- what are the types of cashback in the casino and how can you rationally calculate the cashback rate;
- under what conditions the user can use the cashback option in the virtual casino;
- which games are covered by the possibility of receiving a refund;
- how can you activate such an offer and what should be done for this purpose.
Types of cashback at online casinos in South Africa
As we said earlier, the cashback option is mainly available for loyal players who not only play online slots very often, but also Deposit higher amounts etc. What is the purpose of such a bonus? The basis of the cashback bonus is that the casino wants to reduce the risk of losing the player and extend his playing time. Cashback is the percentage of the increase from the bet that the player has previously placed, but he did not manage to win any of it. Each online casino with cashback individually sets the rules for receiving such a bonus. For this very reason, after analyzing the different bonus programs from different online casinos, we can distinguish several types of this bonus:
| Cashback, which is awarded to the player on the basis of a certain number of spins | Not always the return of the loser has to be in the form of cash, some casinos practice giving back cashback in free spins bets on certain gambling games. This cashback is mainly awarded when a player has placed bets on online slots and lost money exclusively while playing on them. This bonus can have a specific time frame, usually casinos grant this bonus based on the results from the whole week. So, if a player has deposited about $300 in a week on various online slot machines, then the coefficient of this bonus is calculated only from this amount. |
| Cashback for the deposit | This option can apply not only to those players who regularly make a deposit, but also those who have just registered at the casino, the so-called Welcome bonus. For each deposit made, the player can receive a cashback of a certain coefficient. It is not worth expecting that this factor will be very high, so it is worth understanding that the amount that you will receive with such a start bonus depends mainly on what your deposit amount will be. |
| Cashback on casino deposit payment method | The activities of online casinos are closely related to the activities of various payment methods. Some systems even have a special program for people who choose this system in order to make a deposit at an online casino. This Program provides many benefits to users, including cashback. This loyalty Program have such methods as MuchBetter, Skrill and ecoPayz. Together with the cashback option, there is the possibility to increase the transfer limits, have more accounts, increase the number of top-ups and reduce the commission for currency conversion, etc. |
| Cashback at a high rate | When a player is a highroller and prefers to deposit high amounts, the casino also tries to reward such users. Typically, the rate of such a cashback is higher than the standard rate, which is 5-20%. |
Each cashback online casino can independently set its own conditions for receiving this bonus. Each promotion from the casino may include a cashback option for certain online gambling and slot machines. Cashback can take place not only in the above-mentioned promotions, but also in tournaments, lotteries and races. Some casinos also set different conditions for receiving cashbach, e.g. the most common requirement for receiving a refund of lost funds is a bonus spin (x35 or more).
How to calculate cashback
Calculating the amount you will receive based on the "Cashback" promotion is a very simple matter. of course, it is worth considering the bonus policy of each casino separately, because the coefficient in each brand is certainly different. So, our formula will be generic to all gambling brands. Such a formula will help players understand what amount he can count on:
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Formula: Return = [Deposit - (payout+reward)] * K = Cashback (e.g. monthly or weekly).
And now we will explain the meaning of each term in this formula:
- Deposit - the player's deposit within a certain time (eg, a week). Each casino independently chooses the terms of operation of this bonus;
- Withdrawal - the amount of funds paid out by the player within certain deadlines;
- Prize - a collection of all prizes and bonuses from the casino that the player has collected during the duration of the cashback offer;
- K - the cashback ratio, which varies depending on the casino in which we placed the bet. This factor can change in relation to the change in the level of the player in the loyalty program.
As you can see, the formula is very simple, so it's worth seeing how it looks in practice. Let's say that at the beginning of the week we paid about 500 SAN, and on Tuesday we managed to withdraw half (250 SAN). When we played on Thursday, we failed and lost the bet. Let's assume that the coefficient (K) in the casino is 15% - it can be set only for those games on the basis of which we made a bet, or it depends on what level of VIP club we are now. here we put our numbers under the formula: cashback = 500 - (250+0) * 15 = 37,5 SAN. So, on the basis of such a game in one week, we can on sunday receive cashback in the amount of 37.5 South African dollars.
When we decide to play again and we manage to withdraw, then all the withdrawals add up, the same is with the received bonuses and deposits. It all depends on the duration of the cashback promotion.
We will present one more situation. For example, our deposit on Monday was 300 SAN, and the win on Tuesday-200 SAN, then we won again 200 SAN on the basis of a new deposit of 400 SAN and received a bonus in the form of Free Cash (25 SAN), on Saturday we lost everything that was left in the account. We are on the third level of the VIP club, so we have the opportunity to receive a 25% cashback Bonus. So, the calculations will look like this:= [300+400 - ((200+200)+25)] * 25% = cashback of 68.75 SAN.
Conditions for receiving refunds from the online casino
“How to get cash back at an online casino?"- this is the most frequently asked question from South African players. First of all, it is worth remembering that cashback is one of the types of bonuses, so various information about cashback should be searched in the section with bonuses, as well as only on the official website of the casino. Usually, information about receiving this bonus is included in the bonus Terms and conditions from the casino. In this section we can read everything we need to receive a bonus and about everything that the casino requires from players. So, the very algorithm of receiving a cashback bonus is based on 4 steps:
- please check the terms and conditions of this promotion and what is the requirement for receiving this bonus;
- the next step is the deposit amount which should agree with the conditions that are described in the regulations. If the casino requires you to make a minimum deposit of 80 SAN to receive this bonus, then you cannot deposit a smaller amount;
- the third step is to add a Bonus using a promotional code or contact the casino staff. Usually the cashback bonus is awarded automatically right after you make your deposit;
- the last step is the game itself, on the basis of which you can later calculate according to our formula what will be the amount of cashback.
As for the requirements for casinos, each brand slightly changes them in relation to its main concept. First of all, it is worth knowing that receiving this bonus is possible only by adult players. The cashback payout depends on the gambling brand, however, the most common phenomenon is the weekly cashback payout. This option provides for the start of the promotion on Monday or another day of the week. Based on these 7 days, the player can deposit and win multiple times until the weekly cashback promotion ends. At the end of the promotion, all winnings are added up and a cashback is awarded based on the general formula. The cashback ratio may vary in relation to the deposit made or the level of the VIP Club.
It is also worth noting that gambling brands very often provide promotional codes for cashback, so all information about cashback in online casinos should be read from official sources. Cashback can be distributed for one game or one specific slot. Also, sometimes it happens that the cashback ratio for one slot is higher than the other coefficients for other online gambling games.
Active players who want to receive a higher cashback ratio have to go to a new level, which mainly involves an even larger amount of deposits and the collection of loyalty points.
Gambling with cashback option
An attractive promotion is available for every game in the casino. the advantage of the cashback bonus is the spread of this bonus to all gambling games: it makes no difference whether we bet on one-armed bandits or make a bet on the card game of our choice. Of course, the availability of this bonus depends primarily on the gambling brand, but the best online casinos that have a place in our ranking give access to this bonus not only to individual gambling games, but also to more different online games (including card games). So, the cashback option can be found both in the live casino and in the online casino.
We want to put all this into practice. For example, Casinia Casino offers a weekly cashback bonus of 15% and a live casino cashback of 10%. In addition, all cashback promotions in this casino depend mainly on what level the player has in the VIP Club. Every cashback promotion at this casino is subject to a general formula. To receive cashback, you must notify the casino staff via live chat or e-mail immediately after the end of the promotion, that is, on Monday. The wagering requirement for both slots and live casino games at Casinia is x1. The minimum amount to receive this promotion is 20 SAN.
At Boomerang Casino, players who hold a bronze, silver or Gold Level can claim cashback on all online gambling games at rates such as 5%, 10% and 15%. In a live casino, this ratio is 10% up to 600 SAN, and every week there is a chance to receive 15% cashback up to 12000 SAN on online slots. To claim this bonus you must deposit a minimum of 20 SAN.
There is a daily cashback option available at 7Bit Casino for players who Deposit around 450 SAN each day. On the weekend, players can receive a cashback of 5% - 20% up to 2225 SAN (it all depends on the level of the VIP Club).
Avalon78 Casino has set such requirements for receiving cashback: if a player has lost an amount of minimum 4000 SAN, then the return is 5%, and when the sum of losses exceeds 8000 SAN, then the cashback coefficient will be 7%. Requirement by turnover-x10.
Usually on various gambling games cashback is calculated in this way:
| Gambling | Minimum deposit | Marketing requirement | Standard cashback ratio | Cashback amount |
| Roulette (live Roulette), live Blackjack | 20 SAN and more | 10% (or 5%) | 10% | 2 SAN and more |
| Baccarat | 20 SAN + | 0% (or 5%) | 10% | 2 SAN and more |
| Slots, Bingo, Zdrapki and Keno | 20 SAN + | 100% | 15% | 3 SAN and more |
Summary
The withdrawal of cash that we receive on the basis of cashback promotions in each casino is almost the same. First, you should check what limits for withdrawals have been set by the casino from which you want to withdraw your funds. If you have received a 10 SAN cashback and the minimum withdrawal amount at the casino is 20 SAN, then you will have to wait until your balance is increased by a larger amount based on other winnings or other promotions. So, to withdraw cashback you need to go to the main page of the casino, select the section with payments and find the method by which we want to withdraw this cashback.
the cashback option is a really intriguing option, although it has its drawbacks. Cashback mainly depends on the deposit made. So, if we make a minimum deposit, then we will not have the opportunity to receive a large amount of cashback, and if we make a really high deposit, then we can risk a large amount and stop controlling our funds spent. Also a big disadvantage of cashback options are high trading requirements and short terms of this offer.
