A cashback bonus refers to a type of promotion where the casino gives back a percentage of a player’s losses over a specific period. It’s like a refund on your losses, offering a sort of safety net.
This incentive is designed to encourage players to continue playing, even after a losing streak.
Cashback bonuses are typically calculated based on a player’s net losses over a specific time frame, such as daily, weekly, or monthly. Casinos offer a percentage of the losses back to the player, which usually ranges from 5% to 20% but can be as high as 35% for VIP members.
To calculate the cashback, the casino determines the difference between the total amount a player has won and the total amount they have lost during the specified period. If the result is a net loss, the player receives a percentage of that loss back.
In order to qualify for a cashback bonus, a player must lose more than a certain minimum amount. For example, if a casino has a 10% weekly cashback paid out every Monday for losses over £20, and a player has a net loss of £50, they would receive £5 back.
Many casinos will automatically credit cashback bonuses to players’ accounts, while others require players to claim the bonus.
Casino cashback bonuses come in several forms, each designed to reward players in different ways. The most common is cashback on losses, where players receive a percentage of their net losses back over a defined period, such as daily, weekly, or monthly. Alternatively, some casinos offer cashback on total bets, which returns a percentage of the total amount wagered, regardless of whether the bets were wins or losses.
Another variation is cashback on deposits, providing a percentage of a player’s initial deposit back, irrespective of subsequent losses. Finally, certain cashback promotions may be game-specific, applicable only to particular games or during special events, providing a tailored bonus experience.
Unlike many other casino bonuses, cashback bonuses often come with fewer restrictions and minimal wagering requirements, making them a more straightforward reward for players. These bonuses serve as a valuable tool for casinos to foster loyalty by rewarding players for their continued activity and encouraging them to keep playing.
More importantly, cashback offers are not confined to slot games. They can also extend to other games like dice or even sportsbooks, broadening the scope of potential rewards.
