The cash back bonus is similar to a deposit or reload bonus but is more commonly found on betting exchange sites and has a qualifying period of several weeks.
This usually involves new customers entering the qualifying period after they have placed their first bet with a new site. They will then be eligible for cash back throughout that period when they meet certain requirements.
For example, a customer may be given 20% cash back for every £/€100 they stake in a particular week. This will be up to a certain amount and last for a certain amount of time. In week one of the promotional period, when the customer stakes £/€100, they will receive 20% back as cash. This may be as bonus funds, so read the T&C’s carefully.
They will then receive the 20% bonus when they reach £/€100 staked every week until the promotional period ends.
This offer will usually only be applicable the first time customers reach the milestone in a week and will also have several other wagering requirements attached.
Sometimes, and rarer, is cash back on just a customers first bet. Meaning that new customers will receive their stake money back as cash if their first bet with a new site loses.