A cashback bonus is a type of casino bonus that gives players money back in the form of a refund when they lose money from gambling. It is a type of reward system that is used by many online casinos to encourage loyalty and retention from their customers.
The cashback bonus is often offered as a percentage of the total amount lost, so the more money a player spends, the more cashback they receive. For example, if a player spends $500 and loses all of it, the casino may offer a cashback bonus of 10 percent, meaning they would get $50 back. The exact terms and conditions may vary from casino to casino, as some may offer higher percentages or maximum cashback amounts.