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What is a casino cashback bonus?
Online casinos offer many more advantages than regular brick and mortar casinos. These incentives are called casino promotions. Among the variety of promotions such as deposit bonuses, no-deposit casino bonuses, comp points, loyalty comps; there are the cashback bonuses. Well see what they are in just a minute, first well go over the other kinds of bonuses.
Deposit bonuses. These promotions are given for players deposit. The incentive is given as extra cash for players first or subsequent deposits to an online casino. The bonus is a percentage of the deposit that will be added to the players balance. The percentage can be as low as 5% and may range to 1000%. A $100 deposit that receives a 150% bonus will turn the players balance from $100 to $250 ($150 coming from the bonus). Since these a very attractive incentives for players and may be abused by some people, the casino puts restriction on these bonuses. The most common restriction is known as roll-over, playthrough or wagering requirements. This is the number of times the deposit and bonus must be wagered (risked) before the player can cash out anything from their accounts. Other restrictions include minimum cash out amount or maximum cash out amount. In the former case the player must reach a certain amount before cashing out, after having completed the wagering requirements. In the latter case, the player can only cash out so much and the rest will be voided.
Deposit bonuses are the usually the prototype of casino promotions. All other promotions, given freely with or without a deposit, will have similar restrictions.
The casino cash-back bonus is something else. The player does not receive anything upfront to play with. What the casino is offering is a guarantee. They will allow you to play with your deposit (and deposit bonus, if youd like) to try your luck at their games. If you do not win, you are guaranteed a certain percentage back of your losses. This is the meaning of the quite literal word: Cashback. Since cashbacks are given after the player has lost their own deposit, they usually don t have very strict restrictions. Normally the playthrough requirements are on the low side, if any, plus normally all games are allowed to be played with the cashback. The cashback bonus normally doesnt have a maximum or minimum cash out limit, so the player can take back as much or as little as he or she wants to.
The cashback bonus is a great opportunity for online casino enthusiasts to receive their money back and try to recover some of their losses.