Cash Back Bonus is a re-fund in bonus money, or sometimes even real cash money, that you get back in your account if you have lost money while playing.
Normally this kind of bonus is a percentage of your net losses. As you will have already wagered your funds, you really have nothing to lose when taking part in this kind of promotions. This bonus is more popular among casino players.
How does it work
Usually, this is calculated as percentage of the net losses that you have endured during your play. Since you have already wagered your funds, there is nothing for you to lose. Make a real money deposit and if you have the misfortune of losing all of it, then 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 casinos 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 which can be redeemed later or it is the cash that is deposited to your account. The terms and conditions should be understood before you avail this bonus promotion.
Cashback Bonus different from other regular bonuses
Many times cashbacks are offered to the new players. They are encouraged to make a deposit and play with real money.
Cashbacks differ from the regular bonuses, as the amount is directly deposited to your account. In case of regular bonuses, you have to make a request for withdrawal, and it usually takes time for it to be used.
Read the terms and conditions before availing the bonuses
Every online Casino offers different cashback program for their players. As a player, it is for you to read the terms and condition before availing the cash back bonus.
Some casinos offer a cap on the cash back bonus money which can be deposited to your account. It can be anywhere from a small $5 to $500, depending on the casinos bonus policies. You should also know which casino games are applicable in this program.
Some games like Blackjack and Roulette don’t count for this program. Only by reading the terms and conditions will you know exactly how the cashback program works out for you. Also you must satisfy the wagering requirement that’s 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 particular days, will qualify for this promotional offer.
Types of cash back offers:
The welcome bonus is obtainable after first deposit completed by a player to give confidence for joining the online casino.
Reload bonuses are cash back offers from online casinos on receiving deposits through a player following benefit of the welcome bonus.
Cash Back on Losses
Nobody is in high spirits when they lose. Online casino understands this and that’s why they issue some offers on losses incurred by a player and return as cash back.
Cash Back on Total Bets
In this case, no matter whether the players win or lose. They will obtain cash back offers on the total amount of bet in a particular level or time.
Find here the latest cash back bonuses and their coupon codes.