Thoughts on Cashback?

[Simmo!]

Thinking more about bonuses and alternatives recently and thought I'd ask a question. How do you guys feel about "cashback incentives" and what % of cashback would appeal?

For example, if a casino dispensed with a bonuses but awarded say, 10-20% cashback on any losses you made in any given month, would that be offer a viable alternative?

One advantage for the player I can think of is that it needn't necessarily carry a WR of more than 1x, or a small WR at least. From a casino standpoint, it strikes me as a good way to encourage loyalty and additionally, if a player wins, the casino is thus not obligated to give out free money, so I can see an advantage to both sides.

Thinking aloud, it does almost instill a certain resignation to the fact that you will lose. On the other hand, if you do, you are guaranteed a bonus. Hmmm.

Anyway, it's an idea I wanted to run past some casinos I am meeting at ICE so a player perspective would be interesting. Personally, not being a bonus fan, it appeals to me.

Any thoughts?

Cheers

Simmo!

[Addisyn]

I do not play with bonuses for the most part. They are too restrictive. If you are saying the cash back would be free of WR or low WR I would be fine with it.

This would eliminate what I have heard referred to as a bonus abuser. That one I still haven't wrapped my head around.

Perhaps the player could opt-in to a cashback relationship foregoing any bonuses. Then you have an option for the casinos to continue their PR to those that respond to the bonuses and something for those of us that do not want the bonuses.

Today I asked a casino not to give me any bonuses when I deposit. It simply adds a minimal cash amount and puts in place WR on your deposit as well as the bonus. Why do they require you to wager your deposit a certain number of times anyway? If I deposit $100 and they tack on 15% because I used, for example, Neteller why should I have to wager my original deposit 20x?

It is an excellent idea Simmo!

[Slotster!]

Spin Palace do this a lot.

I can see the appeal but, like you say, I always think that I've got to lose in order to take advantage of it - which kind of defeats the object.

The biggest problem I've got full stop is the Microgaming bonus account system. Or any seperate bonus account system for that matter. I just can't be bothered with all the nonsense and extra thought it requires!!

Roxy Palace have it spot on with the fixed, regular percentage of deposits - followed by 32RED of course - with the unrivalled 'personal touch'.

I've given up thinking that any other casino will ever come close to 32RED in this regard, it just won't happen. I've played and lost a lot of money at a lot of places this year alone, and nothing more than 'standard' blah blah bonuses and incentives. Actually, maybe Betdirect might

I promise this is the last time I'll say this on this forum - but if just one casino takes notice - I'm happy...

"REWARD YOUR REGULAR LOYAL PLAYERS!!!!!" Give out the standard blah blah bonuses with their astronomical wagering requirements to all and sundry - but look after the people who've kept you afloat over the months and years. When a customer is coming to your casino and depositing on a regular basis, they aint going to suddenly turn round and try to do you in with a 'no strings' bonus - they are just going to feel loved - and keep coming back for more. Jeez, this is online casino's we're talking about... It's not like in the B&M's where you have to track registrations and see how many trips they make to the cashiers cage, and how much goes in the machines and all that nonsense... Fire up your auditing software - see who's making you money on a regular basis and LOOK AFTER THEM. STOP TAKING THEM FOR GRANTED.

I'm a bit ashamed to think of the amount I've lost at some places, even just in the last year. I'd be more ashamed however if I was the casino operator that let me slip through their fingers...

[KasinoKing]

This does not appeal to me in the slightest, for the reasons mentioned above - you have to lose first to get the 'bonus'.

If it was something like 50% with zero or very low WR (<x5), or if it was applied to losses even with a deposit+bonus as well, I might consider it.

But 10% back, even on a $100 loss, is not really worth the bother.

[AussieDave]

This reminds me of casinos that still only offer 1 point for every $10 wagered. 1000 points = $1. Casino Rewards uses this break down. On top of that they have a 30x play thru on these loyality points. They must really think players are suckers!

I'm sticking with Fortune Lounge, not only do they give me 20% on all deposits, but I get 1 point for $1 wagered. (becuase I'm a VIP I also get 25% extra points) FL loyality points carry no play thru. Can't beat that

[Chatmaster]

I am yet to notice a proper loyalty program in the industry to be honest. It seems everyone is focused on a rewards system. My personal opinion when confronted with a rewards system is that nothing is ever free... Somewhere someone is paying for it. This immediately puts me off and I would generally not feel lucky at that casino anymore. I prefer a solid loyalty program based on loyalty not on how bad a player I am...

[just play]

I promise this is the last time I'll say this on this forum - but if just one casino takes notice - I'm happy...

"REWARD YOUR REGULAR LOYAL PLAYERS!!!!!" Give out the standard blah blah bonuses with their astronomical wagering requirements to all and sundry - but look after the people who've kept you afloat over the months and years. When a customer is coming to your casino and depositing on a regular basis, they aint going to suddenly turn round and try to do you in with a 'no strings' bonus - they are just going to feel loved - and keep coming back for more. Jeez, this is online casino's we're talking about... LOOK AFTER THEM. STOP TAKING THEM FOR GRANTED

[just play]

followed by 32RED of course - with the unrivalled 'personal touch'.

*add in crying profusely smilie here*



(from USA)

[tencardcharlie]

Thinking aloud, it does almost instill a certain resignation to the fact that you will lose.

One could also do it the other way aroung. Give an extra 10% on a player´s winnings for the month. I think such a promo could be more effective, since it has a more optimistic touch.

Of course progressive wins would have to be excluded though.

[Addisyn]

I don't think giving us cash back when we lose is being pessimistic. It is realistic IMHO. You are going to lose more often than you win at least in my experience. Why not receive loyalty rewards. I for one would make more from my losses than my winnings.

Yes I know there are some people out there that just live under a lucky star but that isn't me. For the rest of us loyalty rewards would be fine with me.