Online casinos and poker rooms offer many promotions. Two popular ones are cashback and rakeback bonuses. Both provide rewards, but they work differently and have distinct conditions you should meet.
Now we will explore what is rakeback and what is a casino cashback bonus, meaning you’re in for some learning! You’ll get to know their details and how you can claim them in crypto casinos.
What is a cashback bonus?
A casino cashback bonus is an offer that gives you back a percentage of your losses you had in the casino over a period of time. It’s a sort of “protection”, helping you recover some of your money when going through a losing streak.
The calculation of casino cashback is based on net losses or the total money wagered. For example, a casino can offer a 10% cashback bonus on all losses over a week or month.
In crypto casinos, cashback bonuses are paid out in cryptocurrency. Then you can convert them into fiat or use them for further playing. The meaning of cashback bonuses in this context is the same, though: it’s a type of refund on losses, with the caveat that they are typically applied to cryptocurrency-based bets.
How do cashback bonuses in online casinos work?
Casino cashback bonuses differ from casino to casino, depending on its specific promotion. However, they generally follow a simple structure.
Example of a casino cashback bonus
Let’s take a real example, like the one from Betplay.io. They have a casino cashback bonus of 10% on your net losses — that means if you lose $500 over a week, you’ll receive $50 back. The money will go into your account as a bonus, which you can use for playing or even cash it out, depending on the casino’s rules.
How to claim a cashback bonus
You may have to meet some requirements to claim a casino cashback bonus.
- Minimum losses. Some casinos have a minimum loss limit to qualify for cashback. For example, you may need to lose at least $100 before you can get the cashback.
- Deposit size. You might have to deposit a certain amount to qualify for cashback. The casino may ask for a minimum deposit of $100 within a promo period, or something along those lines.
- Time frame. Cashback bonuses are often tied to specific time frames. These are usually weekly or monthly periods, so track your losses within the promotional window to ensure you receive the bonus.
Standard crypto cashback offers
Standard crypto cashback offers all follow a similar structure but are sometimes more flexible compared to traditional fiat-based casinos.
Typically, players can expect cashback rates ranging from 5% to 20%, with 10% being the most common in the industry. Some casinos may boost the percentage during promotional events, for VIP members, or losses on specific games.
To qualify for these offers, players usually need to meet certain criteria, such as the following:
- Eligibility. Most crypto casinos require players to meet a minimum loss threshold, such as $50 or the equivalent in cryptocurrency.
- Wagering requirements. Some casino cashback bonuses may have wagering requirements. These are usually smaller for cashback than for other bonuses, but you must check this at a specific casino. The industry standard for wagering requirements is usually 35x to 50x for some bonuses, though it varies, as mentioned above.
- Payment method. Since the bonuses are paid in crypto, you will receive cashback in the same crypto you used for playing. If you play with Bitcoin, your cashback will also be in Bitcoin.
For more detailed explanations about wagering requirements, check out our guide on this topic.
How common is it to find cashback offers at crypto casinos?
Cashback offers are a very common bonus type in standard online casinos and are becoming more popular in crypto casinos as well. Many crypto casino sites are now introducing casino cashback bonuses to attract new players.
The ease of crypto transactions, low fees, and faster processing make it appealing for casinos to offer cashback in crypto.
And while not every crypto casino offers cashback bonuses, there is a high demand for them from players who want a safety net when encountering a losing streak.
Not to be confused — cashback vs rakeback
Though they may sound similar, cashback and rakeback are two pretty different things. Let’s briefly explain each one:
- Cashback is a bonus paid out on net losses during a given period. The goal is to refund a portion of the money lost, allowing you to continue gaming.
- Rakeback is a different concept that mainly applies to poker; it’s a percentage of the “rake”, which is the fee taken by the poker room from each hand or tournament, that goes back to the player.
You should not confuse these two concepts, as they are distinct types of bonuses used for different purposes.
Example of rakeback in poker
Let’s look at how rakeback in poker works at BC.Game, a crypto casino known for rewarding active players. As part of its VIP program, BC.Game has a rakeback system where you earn a percentage of the rake you generate.
If you generate $100 in rake, and your VIP level qualifies you for 10% rakeback, you’ll receive $10 back. This can go to your bonus balance or directly into your account, depending on your player status. The more you play and the higher your VIP level, the better your rakeback rewards become.
Cashback vs rakeback: Key differences
Let’s reiterate once again how each of these bonuses works:
| Feature | Cashback | Rakeback |
|---|---|---|
| What it's based on | Net losses from casino games | Rake fees paid in poker games |
| Applicable to | Casino games (slots, table games, etc.) | Poker rooms and tournaments |
| How it's paid | Percentage of losses | Percentage of the rake paid |
| Typical payout | Offered regularly (weekly, monthly) | Paid out on a regular basis (e.g., weekly) |
| Available at | Betplay.io, FortuneJack Casino | BC.Game |
By knowing these key differences, you can ensure that you choose the bonus that best fits your gambling style.
Boosting your bankroll with cashback and rakeback
In online gaming, cashback bonuses and rakeback both represent great opportunities to improve your experience and recover some of your lost money.
While rakeback’s meaning is associated with poker, casino cashback bonuses are available for all casino players. Both let you keep playing longer but offer different benefits depending on what games you usually play and how much you tend to bet.
Knowing these differences and how to use cashback at casinos, you can make the most of these valuable offers and enjoy a better experience.
Always check the specific terms of each bonus. Use casino cashback and poker rakeback to boost your gameplay and satisfaction, but remember to play responsibly.