These bonuses are unlike most because in some cases they give players real money and not bonus funds. This is because these bonuses are meant to help bingo players minimize their losses. These offers usually give roomies a chance to win back a percentage of the sum they lost the previous day.
The conditions are simple – you are eligible for a cashback if you have suffered losses for the period of time set by the promotional offer. If you have won even the smallest and most insignificant of prizes it still counts and you will not be eligible for a cashback.
There are also cashback bonuses that pay in bonus funds that come with wagering requirements to meet. In most cases, the wagering requirements of bingo websites are quite reasonable and do not exceed 5x the bonus. For cashback bonuses, players may actually need to play through their bonus funds less than the average number of times.
The ways to get a cashback bonus differ across bingo venues. One of the most common ways is by calculating the losses a player has incurred throughout the month and then giving them their cashback afterwards. Sometimes the percentage of the cashback depends on the player’s loyalty level.
Another way to give players a cashback bonus is by granting them access to free bingo rooms, thus giving them a chance to win some solid prizes. Sometimes such games have a prize pool for players who have not managed to win those bingo games either. In those cases, unlucky roomies share it evenly and still get a prize.