A cashback bonus is a type of promotion that is designed to provide players with a refund for their losses over a certain period of time. The amount of the refund depends on the amount of money that was wagered and the percentage of losses that the casino will cover, which can be up to a certain limit. For example, a casino may offer a 10% cashback bonus, meaning that a player who loses £100 will be eligible for a refund of up to £10.
In some cases, the cashback bonus can be offered as a fixed bonus, meaning that the player will receive the same amount regardless of their losses. Alternatively, some casinos may offer a tiered bonus structure where the more money that is lost, the more the player will receive in cashback.