Cashback bonuses are so-called due to the fact that players are paid back a percentage of their losses over a certain period. These types of bonuses are very popular and are available at many online casinos.
Casinos generally grant cashback bonuses daily, weekly, monthly or only on certain days. To claim the bonus, players must simply head over to the site in question, enter the bonus code, and get to work earning their cash back. The percentages paid back usually fall between 5% and 25%, and depending on the casino’s policies, is calculated on a daily, weekly or monthly rate. The bonus which is then received is usually in the form of casino points that can be redeemed at a later stage, or as real money deposited back into the player’s account. This will be disclosed in the terms and conditions upfront.
Gambling sites promote cashback bonuses regularly via newsletters, social media channels, casino forums and other affiliates to get players to spend real money with them. These offers aren’t mandatory but it can be great way for players to buffer their accounts from losses, particularly the high-roller types!