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In many cases, a cashback casino bonus is not advertised as a welcome bonus for new players.
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These schemes are mostly favoured by because they offer a sort of insurance policy against big losses.
So whilst these offers they may not be able to re-coop all your losses, they do offer some money back rather than loosing it all.
How Do Cashback Casino Bonuses Work?
Cashback On Net Losses Most commonly used by online casinos, this type of cashback bonus takes into account your deposits and net losses over a period of a week and refunds a percentage of this figure back into your account balance.
Typically they will be advertised as between 10% and 25% cashback available.
Cashback On Every Bet Slightly more rare, but these cashback offers are great if you can find them.
So even if you have played for a period of time, made lots of bets and ended up where you started or even ahead, you will still be awarded a cashback bonus.
Typically you will see these deals offered in the region of approx 2% to 5%.
Although the percentage is less than a Net Loss deal, there rewards can be greater.
What about Wagering Requirements?
The great thing about Cashback Casino Offers is that they nearly always have attached to them.
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