How Cashback Bonuses Work
Cashback casino bonuses are given to players at some of the top online casinos. Perhaps the best way to understand them is to think of a cashback bonus as a loyalty reward, such as those given out by airlines, credit cards, or supermarkets.
Most of the time, casinos only return cashback on losses. The bonus is paid as a percentage of any losses made on the games over a certain length of time, which can be daily, weekly, or monthly, or based on loses made on a particular deposit. Customers who lose over the promotional period will be able to claim back a certain percentage of the loss in the form of a casino cashback bonus.
Different casinos will offer different cashback bonus deals, although in general, it will be for a fixed percentage, up to a certain amount. A casino could, for example, return 20% of any losses, up to a maximum of $50. Casino cashback calculations vary from site to site, or from time to time at the same casinos.
Occasionally, Rake Cashback deals are found, where a percentage of all wagers, or deposits, is returned, win or lose. However, this is a far less common form of cashback deal.