Interview with RAIG Chairman Clive Hawkswood
January 15, 2020
Clive Hawkswood is the chairman of Responsible Affiliates in Gambling (RAiG), an independent body that aims to promote safer, responsible gambling.
Cashback bonus is one of the regular promos in Bitcoin casinos, allowing bettors to get back a portion of the cash they lost while playing. Know more here.
Face it—you love the rush of winning a bet or landing a winning combo on the reels. Unfortunately, these cases do not happen all the time. More often than not, you will lose more than you will win. And sometimes, you will end up having a losing streak.
Before you go crying over the money you lost, check the available casino bonuses first to see if your chosen betting site offers a cashback bonus. Simply put, this promo is a refund in which the casino returns a portion of your losses back into your account.
The cashback bonus is a staple among many online gaming hubs. However, betting sites have different rules when it comes to rewarding this type of promo. Before you claim this freebie, make sure to check the following factors:
Some casinos reward cashbacks on a daily basis, while others do so weekly or monthly. In fact, several betting sites reward rebates only on certain occasions. If you prefer playing regularly, choose daily cashback bonuses. Or if your schedule permits you to log in only on weekends, then look for a gaming hub that offers weekend or weekly promos.
Just like in claiming welcome gifts or other bonuses in the casino, reading the rules of the cashback bonus is crucial. You must first be aware of whether you will get the cashback as bonus money or real cash. If it is the former, find out how much you have to play through in order to cash out your bonus funds later. Sometimes by calculating how much you have to wager, you might find out that your bankroll may not be enough. In this case, you are better off opting out of that promo.
Just because you could get a rebate does not mean you could get your money’s worth. There are gaming hubs that offer a high percentage cashback but give you a low cash figure. Other times, you can play through your bonus money only on certain games, which is especially the case when the betting site focuses more on sports bets. And sometimes casino would pay you only if you lost a certain amount. Make sure you are aware of these restrictions. That way, you will not be surprised in case you chose to opt-in for the cashback bonus in your chosen gaming hub.
Despite the conditions the betting sites might set on their bonuses, the bottom line is that these promos should help you recover a portion of your losses. And if you use your chosen cashback bonus properly, you will get not only a cushion for your bankroll but also an extra motivation to play longer.