What is an online bingo cashback promotion?
For many operators, cashback is one of many types of bonus offers and it’s truly a great perk for all real money players. While the goal is to win, it’s impossible to win them all. A cashback bonus minimizes the blow to your bankroll by periodically returning a percentage of your losses straight to your bingo account. Slot spins may also sweeten the pot, however, winnings may be subject to playthroughs.
The Basics of Cashback
The time has come where you’ve gambled and lost. Perhaps you bought the maximum number of bingo tickets all session long or you’ve spun the reels into the wee hours of the morning and your balance is now nonexistent. Cashback bonuses give you something to look forward to in the form of just that, cash back.
For example, if you suffered a loss of £2500 at a bingo site offering a 5% return, you can expect to receive £125 the following day, week or month depending on the terms of the offer.
Speaking of terms…
…pay close attention to the maximum cashback amount. Bonuses like this are subject to a maximum, so while the cashback percentage is 5%, you could be capped at £100 rather than the £125 you were anticipating.
A sign of a great Cashback offer is one that is free of wagering requirements. So, whether you want to use it in the bingo rooms or withdraw it immediately, it’s all up to you. After all it is ‘cash’ back, right?
Bingo Sites Offering Cashback
Unless you’ve got Lady Luck permanently by your side, you’ve suffered online gambling losses. As a smart bingo player, you’ve come to the right place for a list of the sites offering the best rates to boost your balance on a daily, weekly or monthly basis!
Our list of bonuses is comprised of the latest offers from your favorite online bingo sites and we’re always working hard to ensure that we show you the best of them. With that said, you may even feel the confidence to go forth and lose with the knowledge that there will be a bonus waiting for you.
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Is cashback given in the form of a bingo bonus or real money?
To be considered a true cashback offer, players are indeed awarded cash. Some operators will give slot spins in addition or award bonus credits. Real money is usually excluded from wagering requirements and can be withdrawn immediately. Spins, bingo tickets or bonus credits will likely be subject to playthrough requirements as with other types of bonuses. For example, if you are not awarded cash but £20 in bonus funds with a 5x wagering requirement, you must place £100 worth of bets before you can withdraw winnings derived from those bonus credits.
Is cashback subject to wagering requirements?
The best part about this type of bonus is that you are usually not required to meet a playthrough or any other bonus rules. If you’ve been given slot spins or bingo tickets along with the real money, you may be required to meet applicable wagering requirements on winnings derived from the spins.
Can I withdraw my cashback right away?
Yes. As wager-free money, you can withdraw your balance as long as it meets the minimum withdrawal limit. While uncommon for cashback bonuses to be tied to wagering requirements, it's not impossible. You can find the details laid out in the T&C’s.
Which online bingo games can I play with cashback?
In general, there are no game restrictions on cash, however, an operator may limit gameplay on cashback (i.e. only bingo games allowed or restrictions on jackpot slots). If not, you can play bingo, slots, scratchcards or any other available games. Slot spins could be awarded on a specific game. On the other hand, bingo sites may offer cashback only on losses for specific games. See the terms and conditions for the complete set of rules.
Are cashback offers only available to high rollers?
No, however, the more you lose, the more cashback you’ll receive. Percentages may increase as you climb VIP ranks. Also, take note of the maximum allowed as you will not receive any cash over this amount.
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