Briefly about cashback bonuses in Australia
A cashback bonus is not exclusive to casinos. Many other businesses have started giving such offers to their customers. In general, a cashback bonus means that you get some of your spent money back on your account. When it comes to casinos, you get to recoup a percentage of your losses. Australians spend about $24 billion on gambling each year. You can imagine the importance of such bonuses for the players. While Aussie cash back bonuses are probably more appealing to high rollers, anyone can see a benefit in it.
These promotions are very popular online. The online gambling market is estimated to reach $75 billion by 2024. The size of the Australian online gambling market is estimated at over $1 billion which means that there are many players in the country looking forward to receiving AU casino cash back bonuses.
A detailed description of casino cashback bonuses
The way that casino cashback bonuses work is fairly simple. You lose a certain amount of money by gambling and the casino will give you a percentage of your losses back. In general, the percent that you’ll receive will vary from 5% to 20%. It is possible that your cashback will be calculated from your total losses within a given period of time. It’s also possible that the casino will give you cashback on a particular deposit. You don’t have to do much to qualify for the cashback. On most platforms, you should be considered for it automatically, or there’s a small procedure you have to go through to indicate that you’re interested in being part of the AU cashback casino bonus.
Sometimes, this particular bonus might only be available to high rollers and VIP players. When you’ve accumulated enough comp points to qualify for a user level that gets the cashback bonus, you’ll either be automatically enrolled in it or asked for confirmation. Once this is done, when you lose a certain amount of money on a game, the cashback will be deposited on your account. A great feature of this bonus that is not often available in others is the absence of wagering requirements. While with deposit bonuses you have to fulfill these requirements that can sometimes mean that you won’t receive any actual benefit from the offer, Australia casino cashback programs don’t have such conditions. You will be free to do as you please with the money from the moment that it’s deposited in your account.
When considering cashback bonus offers, many people fail to recognize that the percent you receive back is not calculated from your bet but from the losses. That’s not surprising if you remember that in retailers and other merchants you usually get a cashback on the money you spend. With casinos, however, the situation is different. This could really throw some people off and lead them to make wrong decisions. For example, if the offer is a 20% cashback, in order to receive $20, you first have to lose $100. It’s still much better than nothing as you get a bit of consolation on your loss as well as some funds on your account. That’s why many people are still excited to find out that their platform offers casino cashback bonuses for Australians.
Deposit bonuses are arguably more popular in the online gambling community. This might be due to the fact that casinos can afford such bonuses more. The immediate gratification that sign up bonuses offer also could have a bigger drawing power when it comes to new customers. However, it can be argued that cashback bonuses are in fact more beneficial for the gamblers. While a welcome bonus only affects your first deposit, the cashback offer is there long after you’ve signed up. It also provides a cushion to fall back on if you lose a lot of money at once. More importantly, there are no wagering requirements that you need to meet. Deposit bonuses are full of conditions and requirements that are sometimes very difficult to fulfill and often end up in the player’s losing all of the money. That’s not something you’ll need to worry about with AU cashback casino bonuses.
If you compare a no deposit bonus to cashback offers, the latter still has a huge advantage. Even though no deposit bonuses don’t require you to make any commitment to the platform and put up any of your own money, they still have tough wagering requirements. In many cases even tougher than those of deposit bonuses. It’s understandable as a casino doesn’t want to be in the business of simply giving away free money. No deposit offers might also eventually ask you to make a deposit before allowing you to withdraw your accumulated winnings. Furthermore, such offers are much rarer than deposit bonuses and will virtually always be included as a part of a welcome bonus. This means that you won’t see any long term benefit from it like you would in the case of an Aussie cashback bonus.
FAQ
How do I make payments to receive a cashback bonus?
In order to qualify for a cashback, you don’t need to do much, just gamble. However, that won’t be possible if you don’t deposit money on your account first. That can be done through the channels that the casino makes available for you. Different casinos will offer different options for payments and withdrawals. In many cases, you’ll find the methods to include bank cards, direct bank transfers, electronic wallets, and cryptocurrencies. There might be some alternatives too in certain regions. Choosing a payment option shouldn’t be taken lightly. In many cases, you might not have the luxury to do so because your circumstances will only allow you to use one method. If you’re in a position where you can choose, carefully weigh your options and priorities to make the final decision. That way, you can feel safe when you start using the Australian casino cashback bonuses.
One important issue to think about is privacy. You might want to avoid disclosing your gambling history to your bank. Some banks might have a policy that will limit your access to certain services or offer you worse terms for some products if you are a gambler. Whenever you need to present your bank statement to other organizations or your employers, the gambling history will be there as well. That happens when you use direct banking channels like credit/debit cards and bank transfers. For privacy issues, you might want to avoid these options, although they might offer great benefits in other aspects. Instead, if privacy is your priority, you can consider electronic wallets and cryptocurrencies for making deposits on Aussie cash back bonus casinos.
When you’re using an electronic wallet, you are setting up a separate account that your bank doesn’t have direct access you. First, you transfer the funds to your wallet account and then you pay your casino from your wallet. This way, the only thing that a bank can see is that you’ve made a transfer to your eWallet account. As there are many other purposes you could be doing this for, no gambling will be associated with your account. Cryptocurrencies work in a similar way. First, you purchase these assets that are stored in a separate wallet and you use them to pay the casino. The bank only knows that you’ve purchased some crypto. These are even better than eWallets for privacy as there is no central organization that can monitor and record your spending behavior. This happens due to the decentralized nature of most cryptocurrencies on the market. Using these methods, you can be secure in knowing that your transactions and AU casino cash back withdrawals won’t be reflected on your bank statement.
Privacy isn’t the only thing you should be looking at. Some gamblers will not prioritize privacy at all. There’s also the issue of convenience. You don’t want to have to go through a whole ordeal just to get money to your casino account and start gambling. You want to process to be as seamless and easy as possible. You’ve probably used your bank cards many times to make payments online when you are shopping or paying utilities. The process will be very similar when it comes to online casinos. It takes seconds to go through it. You don’t really have to learn anything new. If you’ve never used an eWallet before, first, you’ll need to set up an account on one. This might require some figuring out particularly if you’re not very tech-savvy. You’ll also need to go through an extra step every time you want to move funds in and out of your wallet. Of course, if you’ve been using eWallets for other purposes, this won’t be a big problem for you. Cryptocurrencies are even more complicated to use. You have to find an exchange where you can purchase some and then you have to figure out how to transact with it. Direct banking methods are a great way to avoid this headache and start using Aussie casino cashback bonuses.
Fees are quite important too. After all, you don’t want to waste half of the money before it even reaches your account. Likewise, you don’t want your winnings to be depleted in the process of withdrawal. Fortunately, the casino itself, in most cases, will not charge you any additional fees or commissions for the transactions. This is to encourage you to make deposits. The payment provider, on the other hand, will almost certainly take some kind of a fee for its services one way or another. Since you have to own a bank card regardless of your gambling, you can discount the fixed fees from your calculations. The commissions per transaction are usually very small when it comes to credit or debit cards. If you’re using an eWallet, you might have a fee for deposit, withdrawal, or payment. Even if the payments are without commiss, you will have to pay for the service in some way. If you don’t have a need for an electronic wallet other than gambling, you should count all fees. You don’t want these fees to eat into your cashback on losses AU casinos offer.
What games can I spend the cashback on?
When you receive the bonus cash, you will be able to spend it on different games available on the casino. Some bonuses might have restrictions on which games they can be spent on. You should be aware of any such restrictions before you sign up for the bonus. You’ll need to make a choice either way. While you might feel more comfortable playing your favorite games with your own money, knowing that you received free cash from the bonus might allow you to make riskier choices and go for the games that you wouldn’t normally go for. To make the best decisions and navigate the different choices, you have to be familiar with what kinds of games there are at online casinos. That way, you’ll spend your AU casino cash back bonus most effectively.
Slots are very popular in Australia. In fact, slots are responsible for about half of all gambling activity in the country. If you’re new to gambling and aren’t yet familiar with these games, you might remember them as colorful machines with spinning reels. The reels depict different symbols and after you make a bet and spin the reels, a different combination of symbols shows up. Depending on whether symbols of the same kind line up next to each other or not, you might win the bet or lose. Slots are fun because of the variety that they offer when it comes to the design, theme, animations, colors, bonus features, and such. Because of the simplicity of these games, there’s not much game developers can do to diversify their products. As a result, they have to devote their resources to making these games more visually appealing and entertaining. You’ll have a lot of fun if you decide to spend your Aussie casino cashback on these games.
You might also be able to spend the bonus on table games like Poker, Roulette, Blackjack, and others. These are more involved and complex games that are also very entertaining. Roulette, much like slots, is completely based on luck. This means that you can’t affect the outcome of the game in any way. You just have to make a bet and wait for the outcome to be revealed. In Poker and Blackjack, there’s more room for using your wits and strategizing. If you go into playing these games without any prior preparation and understanding of the rules, you might end up losing a lot. With Roulette and slots, on the other hand, you can start playing without even knowing anything but it’s better to be familiar with the basic rules so that you can understand what’s going on and actually enjoy the game. Table games are a great option to spend your AU cash back bonus on if you enjoy being immersed in the game and straining your brain a little bit.
There are also live-dealer games that can’t be missed. Unlike the standard games that offer computer-generated imagery, live casino games have a live feed to an actual table set up in a land-based casino. There’s a human dealer leading the game as well. As such, live-dealer games are more realistic and can replicate the feeling and atmosphere of real land-based casinos more closely. Unfortunately, these games require lots of human capital as well as finances, so they are a bit more expensive to host on websites. You won’t find as big of a selection for live-dealer games as you will for the standard ones. However, there should be at least a couple of games for all major table games. That way, you can choose which one to spend your Australia casino cashback bonus on.
