Cashback Meaning – Get a Rebate on Your Gambling Losses
A cashback or cashback bonus is the refund you can get after making a losing bet. Cashback bonuses are available in both land-based and online casinos, and usually cover a small amount of your losing bet.
A good example of this is when a casino offers you 10% or 20% cashback on your losses over the weekend. So, if you end up losing $200, you might get back a $40 bonus, which is a nice rebate after a bad session or two.