Most online casinos offer new slots players a welcome bonus, where you make a deposit and meet the wagering requirements to earn it. But many online casinos also offer cashback to slots players, in place of deposit bonuses.
Which is better? Find out below as we compare cashback to slots deposit bonuses.
Slots Deposit Bonuses – Good for High-Volume Players
Many players are familiar with deposit bonuses, where you’re offered a match bonus on your deposit up to a certain amount.
Here’s an example: a 100% match deposit bonus up to $500. In this case, you’ll be eligible to earn $300 in bonus cash if you deposit $300.
Of course, casinos don’t just give you the money upfront or they’d go broke rather quickly. You have to meet wagering requirements before the money is yours.
Common wagering requirements are 40 times the bonus amount. In the case of your $300 deposit, you need to wager $12,000 total to get your bonus.
This is great if you’re a high-volume slots player who can easily meet these wagering requirements. But if you’re a low-volume player who only spins the reels occasionally, then you’re not going to have a very good chance to win – especially if the bonus comes with a time limit.
Slots Cashback – Good for Low-Volume Players
At some casinos, you’ll see cashback bonuses that offer a percentage back on your losses. One common stipulation is that you can’t claim a deposit bonus or free spins to be eligible for this offer.
Here’s an example: you get 10% cashback on your losses instead of making a deposit. This means that if you lose $100, you’re going to get $10 of this back.
The great thing about slots cashback is that you don’t have to wager a certain amount to get it because this promo is available to anybody. If you’re a low-volume player, then this is the perfect deal for you.
The downside is that you won’t get any bonus cash when you’re on a hot streak. Furthermore, you can short-change yourself if you play enough slots to meet bonus wagering requirements.
Cashback vs. Bonus Conclusion
As you can see, there’s no easy way to decide if slots cashback or bonuses are better. Much of this comes down to what type of player you are.
As mentioned before, high-volume players will benefit more from going after a bonus. On the other hand, low-volume players who don’t play slots much can always count on cashback being there.