A lot of promotions offered by South African online casinos are aimed at attracting new customers, but this is not the case with cashback bonuses.
Instead, cashback bonuses are usually used as a way to reward loyal users of online casinos, as well as encouraging them to keep coming back to play their favourite online casino games.
They can work in a number of different ways, but they typically involve players who do not make a profit from their betting being given some of their losses back in a rebate.
Check out our full guide to cashback bonuses at online casinos in South Africa right here at Casino247 – it will tell you all you need to know about this type of promotion.
How do cashback bonuses work at online casinos?
Free spins and deposit match bonuses might be more popular for new customers, but those who already play at South African online casinos can benefit a lot from cashback bonuses.
How they work exactly depends on the specific casino site, but the idea is that the provider gives the player a rebate to cover a percentage of their losses.
As a result, some may feel like a cashback bonus is a form of insurance policy that allows them to play their favourite online casino games with more confidence, knowing that even if they do not come out on top, they will get some of the cash back at a later date.
Sometimes, cashback bonuses might be in place for a certain day of the week, if the online casino is hoping to drum up extra business at a certain time, while on other sites they might only be available for certain types of games.
It is also important to note how the money returned in cash bonuses will be paid out by the South African online casino site – as cold hard cash, or as bonus money.
In the event of cashback bonuses being paid out as bonus money, it is likely there will be terms and conditions attached, such as a wagering requirement, which players need to make sure they are aware of before deciding whether or not it is worth taking the promotion after all.
Key terms and conditions
Wagering requirements are part of most promotions offered by online casinos in South Africa and they are often in place when it comes to cashback bonuses as well.
This means the money has to be bet a certain number of times before it is unlocked and can be withdrawn as usual from an online casino account.
While wagering requirements need to be in place to protect online casino sites from losses – otherwise they could not offer such generous promotions – they are a downside for all types of promotions, such as cashback bonuses, for which they are in place.
Cashback bonuses are becoming a lot more popular, but it will always be vital to read the small print before signing up, just so that you know what you are letting yourself in for from this deal.
Cashback bonuses – what else to remember
The key terms and conditions we mentioned above cover most of the important bases for cashback bonuses, but there are a couple of other things it is worth pointing out as well.
Cashback bonuses should not be treated as a way to increase the amount being gambled – the golden rule still applies, that you should never wager more money at your chosen South African online casino site that you could comfortably afford to lose. Assume the house will always win.
There is also sometimes a maximum return imposed on cashback bonuses, which means that the online casino site will only pay out the rebate to customers up to a certain amount.
These details should be made clear in the terms and conditions of the online casino site, so rad them before deciding whether or not you want to pursue an offer, or opt to skip it and try something else instead.
However, even with all the terms and conditions and potential downsides of cashback bonuses, it is clear they are a big plus point for a lot of players at South African online casino sites.
This means cashback bonuses are without a doubt here to stay, so shop around for the best promotions that are available to use right now.