Online casinos offer promotions, tournaments and bonuses so as to increase players’ chances to win big. Some of the most common and well known bonus offers are the welcome bonus or sometimes its called sign up bonus, reload bonus, refer-a-friend bonus and cash back bonus.
The most uncommon bonus amongst mentioned above is the cash back bonus. The reason for that is because the online casinos can expect more wagering as a requirement of the bonus from other form of bonuses. Cash back bonus is based on wagering that have previously taken place and usually does not require any additional requirement from the player.
There is no complication upon receiving this cash back bonus. Cash back bonus is a recompense of a percentage of the amount players lost during period of time designated by the online casinos. The most common form cash back bonus to state the percentage of the total amount of losses produced by the player during certain period of time, provisional on a limit of some amount. Most of the time at online casinos, the number of percentage would be somewhere between 10 to 15 percent. Percentage and period of time vary depending on each online casino. Players who won will be very satisfied so this is not for them to use. Players who lost money are the ones who get the second chance.
Some of the online casinos offer cash-back bonuses with some conditions. Let’s say that the casino gave a week for cash back bonus promotion. Then players losing by the end of the week are able to receive stated percentage of their losses or the maximum on the bonus, whichever is lower. Meanwhile, other online casinos offer cash-back bonuses frequently but they put the time limitation of the losses.