Cashback is a type of bonus at online casinos for those players who lose playing pokies or any other casino games. Also online casinos offer Cashback to their players to retain them, and to cheer them up by giving them some percentage of cashback on their losses. Remember not all players win at online casinos, if they do so then casino business will be at a great loss. Before you come to find what are Top five Cashback online casinos in Australia, let’s first understand actually what is casino cashback.
What is casino cashback?
As said above Cashback is some return to the client of the lost money. The amount of cashback is calculated by the total amount that the player left in the casino account. The second parameter is a certain percentage, stipulated in advance by the rules of the action. It may depend on different criteria:
Like your status as a player, this means how often you play at the casino. Also, the online casino sees your casino activity and your amount of loss and so on.
As an example the casino returns 15% weekly. The player deposited one thousand dollars, and by the end of the week, he had nine hundred dollars left in his balance. He is entitled to such a sum of payment: (1000 – 900)*15% = $15.
Interestingly the basic principle of cashback was not invented in gambling market. It has been used in the banking industry for many decades. Some well-known banks have made favorable cashback conditions their main “chip”, attracting numerous customers.
But point to note is that cashback in the casino is different from this offer in the financial sphere.
In banks, people are rewarded for using plastic credit or debit cards and carry out other operations. They do not lose money but spend it in exchange for goods and services. Cashback becomes a pleasant addition for them and an incentive to continue cooperation with the institution.
At the online casino, players who are unlucky are deprived of funds. For them, cashback is a consolation and an opportunity to play and bet further. In other words, in a bank, cashback is a tool for earning money, and in a casino, it is a way to partially hedge against the complete loss of a bankroll.
Types of online casino cashback
As mentioned above types of online casino cashback depend upon many factors that are related with players. Note that the vast majority of operators charge cashback for a net loss (Net Losses Cashback). Much less common are promotions, according to which the return is calculated by other criteria: the number of deposits, total revenue or some other parameters.
The main characteristics of cashback, according to which it can be conditionally classified therefore depend upon
- Player type like will cashback be given to new player or regular player or for VIP players or all players at the online casino.
- Frequency of Cashback is also calculated daily, weekly, monthly or on some other schedule
- Cashback Size is the percentage of cashback calculation It can start with 1% and reach very large figures.
- Amount of Cashback like is there a maximum limit. Often you can not get more than the prescribed amount.
- Games that earn cashback like sometimes it works only on certain pokies or is not available on specified models.
- Cashback paid in real money or bonus credits
- If the cashback is provided in the form of bonuses, then how many times does it need to be wagered
- Often, online casinos introduce individual cashback conditions for players whom they consider promising.
Cashback percentage at online casino most often is in the range from 5% to 20%. Sometimes it goes up to 25% or even 30%. However, sometimes new customers can only count on a minimum cashback, not exceeding a couple of percent.
If the online casino has a loyalty program with several levels, the cashback increases when the status of the player increases. The difference between the starting value and the maximum return can be enormous.
Top five Cashback online casinos in Australia
Here are top five Cashback online casinos in Australia that any player can join even from Australia. These cashback online casino allows Aussies to play with real money in real AUD or even BTC.
1. Rich Casino
Rich casino gives players 15% Cashback on all the deposits they make. Every Monday, the casino pay you what you are entitled to from the previous week directly into your account as cash. With over 800 pokies to play as well as live casino, table game, poker table games, sports betting and stock options, you can play with real AUD or BTC here.
2. Play Croco Casino
At Play Croco Aussie online casino you are offered 25% cashback bonus. Infact the casino gives you between 25%-40% back on busted deposits as part of his CrocoReload promotion. Cashback amount is based on your level. Just get in touch with their ripper customer support team to claim this offer.
There’s no maximum cashout amount which means all winnings are yours and the playthrough amount is set at 10x. You can also claim this awesome promotion anytime and from anywhere.
3. Winward casino
You will find over 100 pokies games to play at Winward casino which are categorised neatly under the games menu on the online home page of the casino. You can play classic 3 reel to modern 5 reels pokies, progressive jackpot games, table games like Blackjack, Roulette with various variations and baccarat. Also enjoy video poker games and other games like Keno, scratch card and bingo. Enjoy live dealer games where the best of table games can be enjoyed all real.It offers 15% Cashback bonus to all players.
4. Fair Go Casino
With over 160 pokies to play easily and instantly without any download, the games are powered by Real time gaming software which brings a wide diversity of casino games like video poker, video pokies, classic pokies poker, table games, roulettes, blackjack, bingo & keno games. It offers various cashback bonuses from time to time.
5. 7 Reels Casino
The cashback promotion offered by 7 Reels Casino is only available to Loyal players who play pokies regularly at this casino. All players get 15% Cashback on all the deposits they make. Every Monday, the casino then pay you what you are entitled to from the previous week directly into your account as cash.
Suppose player A deposits A$50 on Monday and deposits another A$30 on Wednesday. The player did not have an approved withdrawal during that respective week and is therefore entitled to the loyalty cashback. The player will therefore automatically be credited A$12 (A$80 x 15%) the following Monday.
When you register an account at this Casino you automatically enroll in their loyalty cashback program.
Note that cashback is presented to you in two main formats:
- Cashback is provided with real money. In this case, the player can use them for the game or immediately order the payment.
- The refund comes in the form of bonus credits. They can also be withdrawn, but first, you need to win back these funds. In this format it is necessary to study the requirements of the wager. Usually, they are not very hard. It is enough to scroll through the cashback several times, making bets on the desired amount.
However, you should find out which games you can win back cashback. Sometimes this cannot be done on blackjack, video poker, roulette, and other high RTP models. Other restrictions may apply.
Most often, it does not matter which games the client lost money. If the casino operates a cashback system, it in any case receives a refund on the agreed terms.
But sometimes there are promotions in which cashback is valid only on certain pokies. Usually, in this way the institution attracts players to certain games.
Now pick your favourite cashback online casino and avail the offer.