A cashback bonus is essentially a refund of your lost money over a set time period. That ‘refund’ gets put back into your online casino account in the form of bonus money – in some cases it’s even real cash money. Normally this bonus is a percentage of your net losses and is an opt-in bonus. Some online casinos only offer this to their VIP customers. Although it is becoming a more popular bonus for players and online casinos are recognising this and adding to their ever-increasing lists of available bonuses.
As we mentioned the cash back bonus is based on your total net losses, this can be over a set time period or on a specific game. The online casino calculates this on a percentage basis and depending on the online casino the percentage can be between 5% to 25%. With the percentage coming back to you awarded as either bonus money or real cash.
So how does it work? Bottom line you receive the cash back bonus money into your online casino account. An online casino may choose to offer the bonus on a certain game – meaning that you can play that game with less risk. More than likely the cash back bonus will be calculated over a designated time period, daily, weekly, monthly or whatever the casino chooses. There will be a maximum limit to the cash back that you’ll receive. Here’s a couple of examples for you:
Again, with any online casino bonus or promotion there are going to be terms and conditions that are always worth a read. However, you’ll be happy to know that generally speaking the wagering requirements on Cash Back bonus are lower than that of other bonuses. Sometimes as low as just 1 time but other casinos might have a wagering requirement as high as 10 times. Like we said worth checking the T&C’s.
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