Bonuses are to many the lifeblood of their online casinos entertainment. It provides an incentive to join an online casinos, and entices them to remain loyal. There are many different options today, and one type of bonus that seems to be increasing in popularity is the cashback bonus, although until recently they have not been widespread. These types of bonuses were preceded by cashback programs at bookmakers that pay a percentage of net losses.
Generally speaking, a cashback bonus pays a player a percentage of their cash losses (not Net losses) at the casino over a period of time, most commonly a calendar month but we are also seeing more of these bonuses that pay weekly. Be aware though that the term "cash" is used liberally to describe these bonuses but they typically pay back casino credits as opposed to cash.
An example might be a monthly cash back bonus of 10% up to a maximum of £100. Say the player deposited and lost £500, they will receive £100 as a cash back, either as cash, or most commonly as casino credits. Be aware that some casinos will place a wagering requirement on those credits, as they do with most other types of bonuses.
Cash back bonuses often form part of the casino's loyalty program and are tied to the program's loyalty tiers. The higher the VIP tier, the bigger te cash back bonuses.
Cashback bonuses are almost always reloads and they don´t occur regularly but from time to time. Some casinos have weekly cashbacks – take a look at casino promotions sections at their home pages or promotional emails.
We always keep an eye on the industry and update our visitors on the latest deals offers by white listed UK end European online casinos. Here is a list of top cashback casinos.