A cashback bonus reward program is an incentive program that pays players back a percentage of their losses on the casino. Depending on the casino, it can be a flat rate of 10% and then fro VIP players a higher percentage.
The most common cashback is 10% on your net loss, that is as follows:
Deposits – Bonuses – Withdrawals = Net loss.
Never get mixed up with a Welcome Bonus and Reload Bonus, as some Casinos will talk about the Welcome Bonus and the Reload Bonus at the same time or even in the same sentence.
This is to take the players eyes off the actual Welcome Bonus, as in this case, it usually is not the best offer.
But they anticipate for the player to deposit and then as the player is a depositing player, will be rewarded with a Cashback Bonus.
Some casinos cap it to a certain sum, some add a wagering requirement on it, VIP players usually do not have any wagering on the bonuses or cashback´s they get.
We recommend that you always check with the casino is there a wagering requirement on the cashback or not?
As the casino is giving you free money to play with, they usually want you to play it a certain amount of times before you can cash it out, which is understandable.