slots. If you are a beginner or have never used cashback then understand that cashback is a type of bonus at online casinos for those players who lose playing pokies or any other casino games. Wondering why online casinos offer Cashback to their players, it is 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 best Cashback casinos for US players let’s first understand actually what are cashback casinos.
What are cashback casinos?
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.
Interesting 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 cashback casinos online
As mentioned above types of cashback casinos online 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 percents.
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.
What Are The Best Cashback Casinos For US Players?
Here are best Cashback casinos for US players to play slots and other games that any player can join with their casino with mobile smartphone or PC. These best Cashback casinos for US players allows US punters to play in real USD 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.
At Play Croco 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.
Like Rich Casino Winward casino also offers 15% cashback to US players to play slots, live casino, tabe games, video poker and other specialty games.
Fair Go Casino offers 30% surfing weekend cashback when you play slots on Friday, Saturday or Sunday. Also get 25% back on every busted deposit of min.$10 and made without using a deposit bonus.
The cashback promotion offered by Red Stag is only available to players who choose not to use any of the other welcome bonus package. In order to qualify for this bonus and its rewards, players must play down their initial deposits on any game offered by the casino. After this, all you have to do is contact our Support Specialists and they will gladly refund your account with a 25% of your first 7 deposits. This bonus has a 30 times wagering requirement on any game you like, except Craps, Baccarat and Roulette.
Win A Day Casino offers cash back of up to $70 for each $500! A fantastic bonus of $50 is earned every time your deposits at Win A Day exceed $500 and multiples thereof (i.e., $500, $1000, $1500, $2000, etc.).
Become a VIP player and your bonus also gets a nice boost. Bronze VIP get $55, Silver VIP get $60, Gold VIP get $65 and Platinum VIP get $70 just for making $500 in deposits!
The online casinos keep track of your deposits so whenever your deposits exceed $500 or a multiple thereof they will send you a bonus code which you can use to redeem your cashback bonus!
Remember that the cashback bonuses are required to be wagered at least 10x prior to requesting a cash withdrawal.
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 slots. Usually, in this way the institution attracts players to certain games.
Now pick your favourite cashback online casino and avail the offer.