A Cash Back Bonus is a refund in bonus money, or sometimes even real cash, that you get back in your account if you lose money while playing.
Usually, this kind of bonus is a percentage of your net losses. As you will have already wagered your funds, you have nothing to lose when participating in this kind of promotion. This bonus is more prevalent among casino players.
How does it work
Usually, this is calculated as a percentage of the net losses you have endured during your play. Since you have already wagered your funds, you have nothing to lose. Make a real money deposit, and if you have the misfortune of losing all of it, the casino will pay back a percentage of your losses.
It can be anywhere from 5% to 25% and is calculated daily, weekly, or monthly, depending on the casino's bonus policies. It is generally offered on particular games. The only condition is that you must have wagered real money on the game.
The usual practice is that the cashback bonus is given as points that can be redeemed later or as cash deposited into your account. The terms and conditions should be understood before you take advantage of this bonus promotion.
Cashback Bonus Different from Other Regular Bonuses
Cashback is often offered to new players. They are encouraged to make a deposit and play with real money.
Cashbacks differ from regular bonuses, as the amount is directly deposited into your account. In the case of regular bonuses, you have to make a withdrawal request, which usually takes time to use.
Read the Terms and Conditions Before Availing the Bonuses
Every online casino offers different cashback programs for their players. As a player, you must read the terms and conditions before availing of the cash-back bonus.
Some casinos cap the cash-back bonus money that can be deposited into your account. Depending on the casino's bonus policies, it can be anywhere from $5 to $500. You should also know which casino games apply to this program.
Some games like Blackjack and Roulette don’t count for this program. Only by reading the terms and conditions will you know precisely how the cashback program works. Also, you must satisfy the wagering requirement attached to this bonus.
This is generally not the case, as the bonus money is directly available for you to play or withdraw. Plus, there is a time frame for using this bonus. Only particular games played on specific days will qualify for this promotional offer.
Types of Cashback Offers:
Welcome BonusThe welcome bonus is obtainable after a player completes the first deposit to give confidence in joining the online casino.
Reload BonusesReload bonuses are cash-back offers from online casinos on receiving deposits through a player following the benefit of the welcome bonus.
Cash Back on LossesNobody is in high spirits when they lose. Online casinos understand this, and that’s why they issue some offers on losses incurred by a player and return the money as cashback.
Cash Back on Total BetsWhether the players win or lose, they will obtain cash-back offers on the bet amount at a particular level or time.
Please find here the latest cash-back bonuses and their coupon codes.