Rebate and cashback are two different types of bonus promotions offered by online casinos. Here’s a breakdown of the differences between the two:
- Rebate: A rebate is a bonus that is awarded based on the player’s net losses during a specific time period. For example, a rebate promotion may offer 10% back on the player’s net losses over a weekend. If a player loses $100 over the weekend, they would receive a $10 rebate bonus. Rebates are typically awarded as bonus funds, which must be wagered a certain number of times before they can be withdrawn.
- Cashback: Cashback is a bonus that is awarded based on the player’s net losses or total wagers during a specific time period. For example, a cashback promotion may offer 5% back on the player’s total wagers over the course of a week. If a player wagers a total of $1,000 over the week, they would receive a $50 cashback bonus. Cashback bonuses are typically awarded as real cash, which can be withdrawn without any wagering requirements.
In summary, the key difference between rebate and cashback bonuses is that rebates are awarded based on net losses, while cashback can be awarded based on net losses or total wagers. Additionally, rebates are typically awarded as bonus funds, while cashback is awarded as real cash. Both rebate and cashback bonuses can be attractive incentives for players to engage with an online casino platform and can help to offset losses or increase winnings.
