What is the cashback bonus?
Cashback is an English term that means money back. This is how this functionality can be briefly described. Some of the funds we lost will come back into the pool again. Sometimes the funds will be immediately ready for re-use, and sometimes you will need to make a small turnover with them. The main goal of a casino cashback bonus is to reduce the amount of player funds spent. Thanks to a smaller deposit, we will have more opportunities to play. Most casino bonuses are designed to do just that. Players are happy about this, no wonder. If you can play cheaper, why not take advantage of this opportunity?
How to calculate the refund amount?
The refund from the casino is made according to a standardized formula:
[Total deposits – (Total withdrawals + Total bonuses)] * Cashback rate
At first glance, this formula seems complicated, but after a moment of reflection and breaking it down into smaller steps, everything becomes clear. Describing it in words, it can be expressed as follows: subtract the sum of your withdrawals and bonuses from your deposits, then multiply it by the coefficient you are entitled to, and the result will be your real return. Let’s use an example:
- Total deposits – AUD 500
- Total withdrawals – AUD 200
- Total bonuses – AUD 100
- Cashback rate – 5%
All these data refer to the same period. Usually, it is one week. Let’s put this data into the formula:
[500 – (200 + 100)] * 5% = (500 – 300) * 5% = 200 * 5% = AUD 10
After calculation, we will get an additional tenner from the cashback.
How to use cashback at Australian online casino?
The way to collect cashback bonus is not complicated at all. If you are not sure what to do step by step, read our instructions that will guide you.
Time Needed: 10 Minutes
Tools Needed: Laptop/Mobile
Software Needed: Email
Step 1
Select the casino you are interested in
Make sure he has this form of bonus. If your foot slips, you will recover some of your lost funds. If you don't know which casino to choose, use our comparison.
Step 2
Read the casino rules
Read the casino's regulations, which describe the entire bonus offer in detail. In case of any ambiguity, you can always use the support who will be happy to dispel your doubts.
Step 3
Sign up at the online casino
You are now ready to register at the casino. You may already have a gaming account, so log in to it. At the registration stage, you must provide your real data, they will be verified later.
Step 4
Activate cashback
Find out whether the cashback is activated automatically or, for example, after entering the code. If you can't find this information, support will also clarify this issue.
Step 5
Play and enjoy the hot spot game!
If you win, congratulations, if there are problems with winning, thanks to the active cashback you will recover some of the lost funds. In most casinos, the return percentage will also increase with longer activity.
Withdrawal of funds from the cashback bonus
In many cases, online casino cashback will only be possible after contacting the casino staff. If the issue of withdrawing cashback funds is unclear, the support will try to help. Depending on the specific casino, the refund may be made automatically to our basic account or after completing additional steps. Sometimes the bonus funds will go to a side account, where only after wagering they can be transferred to the main account and then transferred to the bank account.
Cashback also has limits that protect the casino. Some promotions have an upper maximum return. If, for example, the maximum refund limit is AUD 500 per week, and according to your calculations you should receive AUD 900, it is possible that you have just exceeded the maximum refund value and the remaining AUD 400 will be lost. It is worth checking this and, for example, spreading the game into two settlement periods. It’s easy to forget about this in the heat of battle.
In some cases, in addition to the maximum winning amount and turnover, you will also have to face the time to meet the requirements. Fortunately, this is not a popular practice and usually, there is virtually no turnover required. Daily, weekly and monthly withdrawal limits may also be a limitation. However, this limitation applies more to high-rollers and regular users should not notice it. The limits are usually several thousand dollars per week and several dozen thousand per month, so they will not be an obstacle for most players.
What types of cashback bonuses are there?
Cashback casinos can be divided into several types. Other casino promotions also have their types, but the cashback bonus does not stand out among them. The list below shows these types with brief descriptions.
- Weekly or daily cashback
The casino bonus cashback has certain time frames from to when it will be calculated. It is just a week or one day. Weekly returns are usually Monday to Sunday or Wednesday to Tuesday.
- VIP cashback
This type of bonus depends on our status in the VIP program. Cashback is very often used as an incentive to play longer because the return rate increases with each level. The return rate thanks to the VIP program can be up to several dozen percent, so it is worth climbing the ranks of the VIP program.
- Live casino cashback
A separate category includes returns obtained after playing in a live casino. Playing in a live casino with other players and dealers is very exciting. It will certainly be possible to recover some of the funds after a failure in the live casino.
- No wagering requirement
This is one of the most favorite types of return. There is no wagering requirement. The rest usually require a small rotation of literally a few revolutions.
What can you get cashback for at an online casino?
Cashback casino bonus is treated in a similar way to other promotions offered by casinos. The bonus can be accessed in various ways. The most popular of them are:
- Additional prize for winning in the casino – as an additional bonus accompanying another win.
- Feward for regular casino play – regular play pays off. Sometimes we will get cashback by playing for several days in a row.
- Friend reward – inviting additional, active people can also be rewarded with cashback. Those invited will also be able to take advantage of additional promotions.
- Reward for achieving a certain level of lost funds – this is the opposite of the first point, i.e. higher cashback in the case of greater failures.
- Prize for obtaining a certain status in a loyalty program – very often used. At higher and higher levels of the VIP program, the cashback will increase.
- Casino bonus for registration – cashback may be part of a larger welcome package. You can also get it just by registering an account at the casino.
Cashback bonus vs other casino bonuses
Various bonuses have their conditions and methods of receiving. What distinguishes online casino cashback bonuses from others is that most of them are deposit-based. Cashback is against losses. It is not very important how much money we deposit into our player account, but how much of it will unfortunately not be won. Those that we lost can be used again thanks to cashback. The table below shows a comparison of the cashback about the other, most popular offers, such as the welcome bonus, free spins and the deposit bonus.
| Characteristics |
Cashback |
Welcome bonus |
Free spins |
Deposit bonus |
| Cash top-up |
YES |
Mostly |
NO |
YES |
| Maximum winning amount |
YES |
YES |
YES |
YES |
| Offer only for new users |
NO |
YES |
NO |
NO |
| Promotional code |
Rarely |
Sometimes |
Sometimes |
Rarely |
| Deposit required |
NO |
Mostly |
Mostly |
YES |
What is worth knowing when using cashback?
Cashback has its limitations. You should familiarize yourself with all the features of this promotion, which are usually included in the casino’s regulations, promotion description, or on our website. We verify promotions offered by casinos, so we always provide verified information. Here are the aspects to keep in mind when using an online casino cashback bonus:
- Activation method – cashback is not always calculated automatically, sometimes you need to activate it with a code or contact the casino staff via live chat.
- Winning Limits – Like most casino bonuses and cashback, they usually have a maximum winning limit, a minimum deposit, and sometimes a wager and a time limit.
- Registration in the casino is only possible for adults. Data verification does not allow cheating and providing false data.
- Cashback availability may be time-limited – please check if you can get the bonus and meet its conditions before the promotion period expires.
- Detailed information and any restrictions will always be included in the regulations of a specific casino. Although most offers are similar, they may differ in some details. The regulations and technical support are there to dispel all our doubts.
Top cashback casino bonuses
Most casinos in Australia offer cashback bonuses. This is an additional incentive to take advantage of the offer of a specific casino. Online casinos must have the ability to recover some of the lost funds to provide support to players if they fail to win. Online casino cashback is a complement to deposit bonuses. It is always worth reading the content of the offer prepared by casinos. In the table below we compare several casinos offering cashback bonuses in Australia.
Wazamba Casino: Weekly Cashback
-
15% up to A$4,500
Min Cashback: A$7.5, Wagering: 1x, Valid: every Sunday.
Maximum Cashback amount are determined by the player status: Bronze - 5% - A$1500, Silver - 10% - A$3000, Golden - 15% - A$4500.
AmunRa Casino: Weekly Cashback
-
15% up to A$4,500
Min Cashback: A$7.5, Wagering: 1x, Valid: every Sunday.
Maximum Cashback amount are determined by the player status: VIP 3 level - 5% - A$1500, VIP 4 level - 10% - A$3000, VIP 5 level - 15% - A$4500.
5Gringos Casino: Weekly Cashback
-
15% up to A$4,500
Min Cashback: A$7.5, Wagering: 1x, Valid: from Monday to Saturday.
Maximum Cashback amount are determined by the player status: 3 - 5% - A$1500, 4 - 10% - A$3000, 5 - 15% - A$4500.
Online casino cashback pros and cons
Advantages
- Rewarding players even after failure, unlike other bonuses.
- Reducing the risk in gambling thanks to the guarantee of getting some of your money back.
- Motivation to achieve higher statuses in the VIP program.
- Increasing the amount of available funds without making a deposit
Disadvantages
- Sometimes you need to meet wagering requirements within a certain period.
- Maximum win limit which may reduce your winnings.
- Only players with high levels in the loyalty program may be eligible for favorable refund terms.
Final thoughts on cashback bonuses at Australian online casinos
Cashback in online casinos is a bonus worth using. If we are aware of how it works and what will need to be done, we will not have any problem with it. Thanks to it, some of the money we lost will be returned to the pool. Maybe we’ll get lucky the second time and break the bank. If we do not want to invest them further, they can be withdrawn like other cash.
If you don’t know which casino to play at, use our casino list. Thanks to it, you will find out where you can play and under what conditions you can benefit from cashback. We wish you high winnings, hopefully, you won’t have to use the cashback too often.
