Cashback bonuses award a player a percentage of their losses back in either bonuses credits or real cash, depending on the casino and the specific promotional event. These types of bonuses are most commonly used with bad experience players who have suffered significant losses in a specific period of time. This bonus type is then awarded to keep them playing at the casino.
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How cashback bonuses are calculated:
- A player’s total losses over the promotional period are calculated – eg. total loses = $12
- From the total losses, any bonus amounts and withdrawals are subtracted – eg. total bonuses awarded: $2 – total loses: $12 = $10
- The cashback percentage of the final amount is then calculate – eg. 20 percent cashback of $10 = $2
- If the final amount after the third point is equal to less than the maximum cashback amount, the full amount is paid (if it exceeds the maximum amount, the stated maximum will be paid instead, with the extra being forfeited) – eg. total cashback: $2 is less than $20 max amount = full cashback amount paid!
Tip: To ensure you get the most from your cashback bonus offer, it is important that you track your own losses to ensure you get the maximum possible bonus amount without having to forfeit any of your eligible losses.
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