Best Cashback Bonuses in Cyprus 2024

A cashback bonus gives players the chance to receive a proportion of their losses back in the form of bonus funds. It is used by many casinos as a way to reward the loyalty of long-term players, providing them with a way to recoup some of their losses.

The exact amount of a cashback bonus varies from one casino to another. Generally, though, it is based on either the amount wagered in a specific period of time or the amount lost to the casino during a specific period.

The most common type of cashback bonus is a percentage-based bonus, which gives players a certain percentage of their losses back as bonus funds. This type of bonus is usually given either on a daily or weekly basis, and the percentage of cashback can vary from as little as 0.5% to as much as 20%.

Another type of cashback bonus is a flat rate bonus. This type of bonus is usually given on a monthly basis and is based on the amount wagered or lost during the entire month. Usually, these bonuses range from $10 to $200 or more.

Finally, there are combination cashback bonuses, which are based on both the amount wagered and the amount lost. This type of bonus typically offers a higher percentage of cashback than the percentage-based bonus mentioned above.

The main advantage of cashback bonuses is that they give players the chance to recoup some of their losses against the house. As such, these bonuses can offset some of the risk associated with playing at an online casino, allowing players to enjoy their gambling sessions with less risk involved.

Another benefit of cashback bonuses is that they provide an incentive for players to keep gambling, even if they’ve experienced multiple losses in a row. This provides players with a boost to their bankroll, allowing them to try out different strategies and games with lower risk.

Finally, cashback bonuses are a great loyalty reward for loyal players. These bonuses provide a way for the casino to reward players, which is especially important for long-term players.

One of the most important things to consider when taking advantage of a cashback bonus is the wagering requirement. Many cashback bonuses come with wagering requirements, which means that players must wager a certain amount before they can withdraw the bonus funds. Generally, these wagering requirements range from 20x to 40x.

It’s also important to note that cashback bonuses are typically not available to all players. For example, many casinos restrict cashback bonuses to VIP players or players who have wagered a certain amount over a certain period of time.

Cashback bonuses are a great way for players to recoup some of their losses against the house. These bonuses usually come in the form of percentage-based bonus, flat rate bonus, or combination bonus and give players the chance to try out different strategies or enjoy their gambling sessions with less risk involved. However, it is important to remember that most cashback bonuses come with wagering requirements, and are often restricted to VIP players or players who have wagered a certain amount over a certain period of time.