A cashback casino bonus is one in which Canadian gamblers are awarded a portion of their losses back in the form of free returns on their cash, usually once a month or so. Though this is one of the least common bonus types out there, it can also be one of the most lucrative. Finding a venue that has such an offer can mean the difference of thousands of dollars per year for many players.
There is usually a cap on the amount of money that the venue will provide, but it is always a percentage of the losses that is incurred over a period of time. For instance, if a site offers a 20% bonus each month of up to $200 and the player loses $2000, then the player will still only receive the $2000 although this is only 10% of his or her losses. The good thing about this, though, is that there are never any wagering requirements associated with a casino cash back bonus. This money goes directly into the player's real money account and can be withdrawn at any time.
While these bonuses are usually promotions that are only offered on occasion, some sites may make it a permanent feature - especially for VIP players. This means that these players get money back every single month that they spend money in the venue as long as they meet the minimum requirements. Most will also require that players spend between $100 and $200 in order to be eligible.
Some other rules that may apply to a cashback casino bonus include the exclusion of certain games or limiting the money returned to these players to losses that occur only on weekends. For instance, a venue may exclude any losses incurred while playing blackjack or video poker and only give returns for money that was spent on Friday, Saturday or Sunday. This is commonplace as these websites must work to make sure that they keep their financial resources in check, but players can still earn quite a bit of free cash by taking advantage of these fantastic offers.