In Sweepstake Social Casinos, a cashback bonus is a type of promotion offered by the sweepstake casinos or betting platforms where players receive a percentage of their losses in sweepstakes back that can be redeemed as cash or bonus funds. This bonus is designed to provide players with some level of compensation for their losses over a specified period of time, typically a week or a month.
Here’s how a cashback bonus typically works:
- Eligibility: Players must meet certain criteria to qualify for the cashback bonus, such as making a minimum deposit or placing bets within a specified time frame.
- Percentage Return: The cashback bonus usually offers a percentage return on the player’s net losses. For example, a casino might offer a 10% cashback bonus on losses incurred during a specific promotion period.
- Calculation Period: The losses eligible for cashback are usually calculated over a defined period, such as a week or a month. At the end of this period, the casino calculates the player’s net losses (total losses minus any winnings or bonuses earned).
- Cashback Distribution: After calculating the eligible losses, the casino refunds the specified percentage of those losses back to the player’s account. This refund may be in the form of cash that can be withdrawn immediately or as bonus funds with wagering requirements attached.
- Wagering Requirements: If the cashback is given as a bonus, players may need to fulfill certain wagering requirements before they can withdraw the bonus funds or any winnings generated from them. Wagering requirements typically require players to bet the bonus amount a certain number of times before it can be withdrawn.
- Limits and Conditions: Cashback bonuses often come with limits and conditions, such as maximum cashback amounts, minimum eligible losses, or restrictions on the types of games that qualify for cashback.
Overall, cashback bonuses provide players with a way to mitigate their losses and extend their playing time at an online casino. They can be particularly appealing to players who prefer games with higher volatility or those who engage in frequent betting activities.
