In contrast to a couple of decades ago, we have access to all sports betting products and online casinos in the comfort of our sitting rooms, a park bench, or on a break at work. There are more advantages to playing online than the eye meets. There are bonuses!
In this article, we will provide our readers with answers to the most general questions about one of the most anticipated bonus types, Cashback Bonuses!
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What is a Cashback Bonus in Online Casino?
Considering the great demand for online casino websites, just like worldwide, it does not surprise us to see facilities trying to gather players as much as possible. What can be more charming than promotions adding extra cash to your bankroll?
The inner circles of the websites are also aware of this tendency of ours. Thus, you will see a myriad of sugar-coated bonuses competing with each other in the current market.
Welcome bonuses are the apple of an eye. Yet, they have one negative side; they can be received only once. The newcomers who have completed their registration successfully may be eligible for an attractive signup offer, a one-time advantage. Then what? How about loyal players? Will they not be awarded for their new deposits?
This is where bonus cashback steps into the stage and comforts players after taking their welcome bonus already. But what is cashback actually? And why did it become one of the criteria that potential new players are looking for when they are thinking of registering on an online betting site?
Briefly, we can define cashback as a percentage of your load given to you by the facility to compensate for losses incurred in your games. It is neither more nor less than a safety fuse to recover some of the amounts you have lost playing.
Bonuses may come in multiple shapes. Some can be offered as an ongoing offer for a pre-announced period on a specific section of a casino, while the others can be served in particular time intervals like daily, weekly, or monthly. Both options are beneficial for those who like to take advantage of loss promotions.
How to Claim a Casino Cashback Bonus?
For those new to the online casino market, Cashback bonuses may be challenging to understand, just like all promotions. To be frank, some of them are confusing even for professionals with a high experience like us. So, we sometimes need to read the Terms & Conditions texts over and over again.
However, in basic logic, this bonus works like a safety net, allowing you to take a part of your total sum up loss depending on percentages, betting amount, or the product. There is no 100% loss because sooner or later, you will be credited with some extra.
Example:
To demonstrate the scenario for our readers, let’s assume that you have loaded 2,000 INR into your online casino account, and the administration promotes a 7% Cashback Bonus in Live Casino. Unfortunately, it is an unlucky day, and you lose half of your bankroll on the Blackjack table. In a true-blue online casino, you must be credited with 70 INR (0,07X1000=70) in a short period of time.
Actually, Casino Cashback offers are more downhill to comprehend and be eligible for than other promotions. Yet, it is highly recommended to determine which game sections the bonus covers and whether it has a wagering requirement, time durations, and activation regulations.
Best 3 Cashback Casinos in India
When it comes to any bonuses, whether it is a reloading bonus or a tasty 1st deposit bonus, we are all interested in it. It can be five Free Spins or a round on Wheel of Fortune. Everything additional is fantastic to put into our pockets. Right?
You can be in a malicious facility that will seize your first deposit with your winnings and never let you cash out either of them. In this situation, taking out your meant-to-be signup bonus or cashback promo can be mission impossible as well. Even worse, these fraudulent companies can sell your personal and financial data to third parties leading to identity theft.
All legit betting platforms hold at least one licence regulating their operations gravely. In this way, your withdrawals will be under the guarantee of a higher authority, and in any issue, you can apply there for your user rights.
We have met with trustworthy and comprehensive online casinos in India through our searches to create these explanatory articles for our readers. Here are five of them with the best cashback bonuses:
1xBet Casino
Considering Jet10’s exclusive payment options, including multiple fiat currencies and well-known cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, Bitcoin Cash, Tether), we can all agree that the website is highly user-oriented.
1xBet Cashback Bonus is a 15% of loss sum up in all your deposits. This beneficial bonus contain the recent 5 deposits in a 4 weeks and a maximum deposit amount of INR 10,000 ($100/ 100€ / CA$150 / AU$150 / NZ$150 / 400zł / R$600 / 8,000₽/ ¥10,000).
If you are one of the old boys in the gambling field, you have probably known 1xBet for a while. Being the oldest of our five, 1xBet was established in 2007 when the online casino and sports betting market was just a cloud of dust. There were less than a dozen platforms worldwide allowing you to participate in poker rooms and Blackjack tables.
Since then, 1xBet has succeeded in creating the perfect combination of various gambling products and the safety of its licence, the law of the Curacao Government.
1xBet is also familiar with its partnerships sponsoring FC Barcelona, La Liga, Olympique Lyonnais, and Serie A. Cooperating with leading payment options like digital wallets, debit/credit cards, prepaid cards, and crypto wallets, 1xBet provides exclusivity in every aspect.
We can talk about two types of 1xBet Cashback Bonuses for casino players and sports bettors. The good part is both these two can be accumulated in the joint bankroll at the end of the day.
According to the loyalty points, players will earn levels on the VIP Club Cashback ladder, providing a percentage of the total funds they lost within that specific week. The lowest status gives a loss back at the rate of 0,18% in the beginning. The casino cashback will take almost 2% back when the player reaches the highest level.
Indibet Casino
Indibet is the most local online casino on our list. As an India originated establishment, the operator company pays extra attention to placing India’sIndia’s most popular card games and sports through the local bank payment options. Players will try the international gambling products when presented with the domestic feeling of playing on an Indian website.
Like others above, Indibet operations are entirely regulated by the Curacao Egaming licence. Thus, Indibet is a secure and trustworthy facility proven to be legitimate. You will find one of the most inclusive online casinos in Indibet. Respecting the traditional games of this spectacular land, Indibet hosts Andar Bahar, Indian Rummy, and of course, Teen Patti in both table games and live casino parts.
Indibet Cashback Bonus is a 10% up to 1000 INR on stakes lost every Saturday. 10% is an outstanding amount of payback when you bet high.
JeetWin Casino
We know many of you have met with Jeetwin as a sportsbook specialising in Cricket Betting. However, the company recently highlighted the online casino section, eliminating all the prejudices. JeetWin has become a successful all-in-one platform balancing its gallery from international Cricket Betting to many Teen Patti games.
JeetWin Cashback Bonuses
- JeetWin Weekly Sports Cashback gives 5% that will be sent to the balance to be used in the Casino and Live Casino sections. The minimum cashback requirement is 100 INR, whereas it is 15,000 INR for the maximum to grab this bonus.
- Masti Monday Cashback offers a cashback amount from 75 INR to 10,00,000 INR for those who enjoy playing slot games, table games, live casinos, and e-Games. This weekly bonus may vary according to the member status (Bronze, Silver, Gold, Pearl, Ruby, Kohinoor). Therefore, the more you win loyalty points, the more percentage you will receive from the overall net win negative.
Types of Casino Cashbacks
Yes! A plethora of facilities serves these kind of bonuses as an alternative offer after taking a welcome bonus already. In an obtuse aspect, these loss promotions are a kind of low percentage first deposit bonuses with almost no wagering entails.
However, as we have mentioned before, these bonuses come in various conditions, amounts, and time limits following activations. To clear the clouds for our readers, we placed the most prevalent bonus types below:
Only Deposits
As you may understand from the name, you will be credited depending on how much you deposited, regardless of how much you lost. For instance, an activated 15% offer combined with a deposit of 3000 INR brings 450 INR when the activation period ends.
Daily – Weekly – Monthly Cashback Bonus
Certainly, time-related bonuses are the most prevalent cashback type in the market. After all, your losses in a day/week/month are added, you will take the sum up. We want to remind you that you will also have limited time to play this bonus amount.
On All Loses
You can take a part of your overall net losses, whether it is online casino, live casino, or bookie. This type is unusual in the market because cashbacks are mainly attached to particular games.
Losing Bets or Spins
In contrast with On All Loses, your cashbacks will be considered separately as bets or slot games. In other words, you can not use your sports cashback in the casino section.
VIP Cashback
Encouraging players to level up playing more and more, VIP Cashback schemes offer to change percentages for total losses up to the players’ levels. Are you an active and frequent online casino player or planning to be? Then this particular tier reaching 50% can be the one you have been searching for!
Cashback Bonus Pros & Cons
What can be wrong when the subject is extra cash in your account? Absolutely nothing. Unless you sign up for a messy, suspicious online casino with no licence, just for a too-good-to-be-true loss promotion. As we always underline, you must never let welcome offers or any type of bonuses to sugar-coat a bitter pill.
Please never forget that your financial and personal data is much more valuable than any bonus. A stolen ID or credit card can be double trouble compared to tens of Rupees. Therefore, do not let a bonus become a disadvantage in wrong and malicious hands.
On the other hand, we can count many cashback bonus advantages, which will make it the new criteria to look for in a new online casino website before signing up. Here they are:
Boost your bankroll up!
Even though you had many hapless hands all the way long in Poker tables today, knowing that you will have a part of your loss can be a breath of fresh air. According to statistics, it will also hamper your going tilt and lose all your bankroll because there is already a forthcoming amount in the schedule that can be your lucky money the next day. Who knows?
Sparkle the fun!
You will take braver positions in the games, which may give rise to your winnings. Actually, this is the best part of all bonuses; when you have additional cash in your account provided freely by the site, you can concentrate on the game rather than your bankroll.
Do you feel it in your bones? Will that hand win? Does that new horse deserve a chance, although everyone thinks it is a sure underdog? A cashback bonus will give you the courage to follow your instincts instead of playing it safe with low margins.
Utilize them in casino games and sports betting!
Most all-in-one facilities allow players to gather all their cashback bonuses into one principal bankroll. Thus, you can play Live Blackjack through the cash you have been granted with cashback from IPL betting. Amazing. Right?
How to Combine Cashback Bonus & Other Bonuses?
Did you know that you can also combine your payment option cashback with your casino account cashback? Most of the leading digital wallets like Jeton Wallet offer deposit bonuses for those loading their accounts. In this way, you can take double cashback while you fill your betting account via Jeton Wallet. The cherry on top!
Consequently, these bonuses are excellent ways for Indian online betting enthusiasts to earn some extra even if they lose. Maybe they are just a percentage of your total loss, yet they are still an amount you can keep playing. Moreover, you can act bolder in your subsequent bets when you remember some of your cash will be restored after a while.
Understanding the regulations will go a long way to helping you to shape your opinion if it is worth it. We also recommend our readers check the current customer reviews in the review aggregators before handling their real money to any online betting platform.
We wish you the very best of luck in any online casino with your bonuses! May the odds ever be in your favour!