A cashback bonus is a type of promotion at online casinos that returns a percentage of players' net losses. It typically ranges from 5% to 25%, depending on the bonus rules. It may come as a standalone promotion or as a loyalty reward.
To help you understand what a cashback bonus is and how it works, let's take a look at an example. A casino offers 10% weekly cashback. You have spent C$150 in bets and have won C$50. It means you have lost C$100 over the week. In that case, you'll receive C$10 back. The amount is calculated on your net losses: total bets – total wins = cashback. In most cases, the bonus funds are subject to wagering requirements.