The concept of a cashback bonus is simple – you bet money on games, lose, and get back a portion of what you’ve spent. The amount of the reward varies per casino but is often somewhere between 5 and 20 percent of the money wagered. For instance, if you bet $100 on a slot and lose, you may receive $5 to $20 back depending on the casino’s offer.
Cashback bonuses have become increasingly popular at online casinos as a way of providing players with incentives to keep playing. It can be seen as a form of insurance policy to help soften the blow of losses.