How does cashback bonuses work?
Like loyalty points, Cashback Bonuses award you returns in conjunction with the amount of money in wagers you have spent with the casino over a stipulated period. The casino opts to refund you a percentage of your losses back as a gesture of faith and goodwill.
The amount refunded is based on a percentage of your spend and is often somewhere between 5% and 25% of your past wagers.
The funds are normally rewarded in one of two ways:
- You receive a percentage of your total loss back.
- You receive a percentage back up to a capped amount.
The refunds may or may not be real cash in pocket returns, depending on the site. Certain sites will refund the cashback as credits to your bankroll, like a casino bonus, which can only be used for a further gamble on the site. Either way, the funds are free and add something to you that you didn’t have before.
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