Unlike other types of bonuses, cash back bonuses are based on the wagering requirements that have been placed in the past. This means that players do not need to make a deposit to receive their cashback bonus. However, they may need to meet a number of conditions, which may include making a deposit.
In simple terms, a cash back bonus is a percentage of the amount of money that players have lost while playing for real money in an online casino for a certain period of time. The casino usually returns cash after losing a certain amount.
The cashback bonus offered is the online casino’s way of keeping the smiles on the faces of players who have lost money, as well as incentivizing them to keep playing at the casino.
Online casinos, however, offer various types of cashback bonuses. Some of them offer weekly cashback bonuses while others offer cashback monthly bonuses.
In some casinos, refunds are made only for VIP players, and not for all players, and in some other casinos, all players can take advantage of cashback offers.
Sometimes, cashback bonuses are offered as part of promotions or only during the holiday season.