To offer cashback on losses have become something of a staple at the top crypto casinos, but structure and terms differ significantly. Below we try to present the best casino cashback programs so that you can make an informed decision before you make your first deposit.
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Cashback bonuses are a kind of insurance, with a specified proportion of losses within a set period will be paid back to you. Cashback generally comes in two formats, either as a standing program or as an individual promo tied to a specific deposit. In the cashback program format losses within a set period (usually weekly) are added up and the cashback rate is applied to the sum of losses.
It is easiest demonstrated by a real-world example. Let us take the welcome bonus option at Gamegram Casino. There you have the option to get 30% cashback up to 200 USDT. It has a minimum deposit requirement of 50 USDT.
From these numbers we can conclude that a deposit between 50 and 600 USDT (remember that we get 30% back up to 200 USDT, that is how we get the 600 number) is required – we can technically make a bigger deposit but no the cashback is capped at 200 USDT.
In the fine print it is also stated that the cashback will be credited the next day and that the cutoff is 00:00 CET on the day of your deposit. Here we also find out that the cashback will be credited without a wagering requirement.
Say you deposit the optimal amount in this scenario, 600 USDT. You have a horrible run and blow the entire amount. On the next day a cool 200 USDT will appear in your account. If you instead had lost, say 200 USDT, 60 USDT will be credited. And so on.
A typical cashback loss formula looks like this, looking at the account balance at the end of the time period: account balance at start of the period minus (-) all deposits plus (+) all withdrawals.
Cashback Welcome Bonuses
To maximize: 6,667 USDT. To claim use code HIGHROLL
To maximize: 667 USDT. CASHBACK based on first deposit and first day's losses.
Matched deposit bonus is "sticky" and can not be converted to withdrawable crypto. Cashback comes without any wagering reqs.
To maximize: 12,000 USDT. Cashback on 1st deposit losses. Full deposit amount must be wagered within 3 days.
To maximize: 1,000,000 USDT. HIGHROLLER CASHBACK
To maximize: 149,990 USDT. CASHBACK
