One way online casinos try to keep old costumers and maintain a good player base is to offer cashback bonuses. Nothing puts smiles back on the faces of players who have lost money playing real money games than this bonus. Some online casinos offer to return some of the lost money back to the players up to a certain percentage and amount. This bonus makes players happy to see some money back in their casino accounts and encourages them to continue playing games. In this article, we will describe the cashback bonus in detail and emphasize the best current casino cashback offers.
Unlike welcome or no deposit bonus, this bonus is based on past betting activities. In other words, players don’t have to make a deposit to claim this bonus, but they have to meet certain terms and conditions that might include making a deposit.
To put it in simple words, a cashback bonus is a percentage of the money players have lost during a specific time frame. They can be given on weekly or monthly basis; they can also be given only to VIPs or to all players that have met the terms and conditions.
The cashback bonuses also come with terms and conditions and sometimes, wagering requirements. Players have to meet them in order to claim the cashback or they have to play it through multiple times before they can cash it out. In order to avoid withdraw, some casinos require players to make a minimum deposit to get the bonus.
How cashback bonuses are calculated differs from one online casino to another. For instance, they can be based on either losses or deposits. A casino may give a certain percentage back (usually 10%) on all the players’ losses over a certain period, or it can give a small percentage back on all deposits players have made during a certain time frame. Additionally, some cashback bonuses follow a specific formula, while others are calculated according to the casino’s daily profits connected with the player’s daily bets.