Oid Bet casino cashback program details
Oid Bet Casino Cashback Program Details
What is Oid Bet Casino?
Oid Bet Casino is a relatively new online casino that has been gaining popularity among players due to its unique features and generous bonus offers, including its cashback program. The casino is licensed by the Government of Curacao and operates on a platform that provides a secure and fair gaming experience for its users.
Cashback Program Overview
Oid Bet Casino’s cashback program is designed to reward loyal players with a percentage oidbet kenya of their net losses back into their account. This means that if you have a losing week, you can get some of your money back in the form of bonus funds. The cashback program offers varying levels of rewards depending on the player’s VIP status.
Cashback Program Details
Here are the details of Oid Bet Casino’s cashback program:
- Eligibility: The cashback program is available to all players who have made a deposit and wagered on games.
- Frequency: Cashback rewards will be credited every Sunday at 12:00 AM GMT, representing the previous week’s activity. This means that you’ll receive your cashback reward one day after each weekly cycle ends.
- Net Losses: The casino calculates net losses based on bets placed during the eligibility period (Friday to Thursday). Any winnings from these periods will be excluded from the calculation.
Cashback Levels and Rewards
Oid Bet Casino offers different levels of rewards, corresponding to players’ VIP status. These are described below:
Silver Level Cashback
- Minimum Loss: €100
- Maximum Reward: 5%
- Weekly Bonus Limit: None
Players at this level receive a cashback reward based on their weekly losses. The maximum bonus they can get is 5% of their total net loss, which will be credited back to their account within the timeframes mentioned above.
Gold Level Cashback
- Minimum Loss: €1,000
- Maximum Reward: 7%
- Weekly Bonus Limit: None
Members of this level enjoy higher cashback rewards compared to those at Silver. Gold-level players get a reward up to 7% on their net losses. Like Silver users, the limit doesn’t change – the cap remains tied directly with your loss percentage.
Diamond Level Cashback
- Minimum Loss: €10,000
- Maximum Reward: 10%
- Weekly Bonus Limit: None
This is the highest level of VIP status in Oid Bet Casino’s cashback program. Diamond members are rewarded generously – a maximum bonus reward of up to 10% will be given on their total losses for each eligible period.
How Does It Work?
To understand how the cashback works, let’s take an example:
- Player Status: Let’s assume you’re at Gold Level.
- Net Losses: For a specific week (Friday to Thursday), your net loss is calculated by subtracting all wins from total losses during this period.
- Cashback Reward: If the calculation shows that you lost €10,000 in the specified time frame, and considering the 7% maximum reward level at Gold status, your potential cashback for that week could be €700 (7% of €10,000).
- Bonus Limit: Please note there’s no specific weekly limit on how much can come through this way.
Frequently Asked Questions
Q: What is a "Net Loss"?
A: Net loss refers to the actual amount you lose in gaming activities after all your wins are deducted from total bets made during an eligibility period.
Q: Why do I have to meet certain minimum losses for my cashback reward?
A: Minimum thresholds exist as per Oid Bet’s terms of service. These reflect efforts to curb abuse by maintaining a fair balance between the rewards offered and money being given back.
Q: Can any additional bonus or offer interfere with this?
A: Yes, other promotions may interfere or add restrictions based on how they’re set up in your account. Be sure always check rules specific for those bonuses at all times.
Conclusion
In conclusion, Oid Bet Casino’s cashback program is a generous initiative aimed at rewarding loyal players for their losses. The varying levels of rewards ensure that everyone stands an equal chance to take advantage of this opportunity regardless of VIP level. Always keep in mind the casino’s rules and policies regarding any promotional offer you are participating in or considering joining – terms may change frequently.
This summary covers all crucial information related to Oid Bet Casino cashback program details as per available public knowledge until now.
