What is Cashback?

Overview:

Cashback, also known as "Cashback," is a term commonly used in promotional activities on online gaming platforms. Its purpose is to encourage players to increase their betting activity while providing additional rewards in return. In this system, online gambling platforms return a portion of the player's wagered amount based on a certain percentage of their effective bets. It's somewhat akin to the rewards you receive with a credit card, where the more you spend, the more you earn.

How It Works:

The operation of cashback is relatively straightforward. The basic principle is to determine the cashback amount a player can receive by calculating the "effective wagered amount" and the "cashback rate." For example, suppose there is a weekly cashback program with a cashback rate of 0.2%, and a player's effective wagered amount for the week is $10,000. In that case, the player will receive an additional cashback amount at the end of the week, calculated as $10,000 × 0.2% = $20.

Specific Examples:

Here are some specific cashback calculation examples:

Example 1:

A player's total effective wagers in gaming for the week amount to $500,000, and the gambling platform offers a cashback promotion of 0.3%.
Calculation: $500,000 × 0.3% = $1,500 in cashback.

Example 2:

During the week, a player's effective wagered amount in baccarat games is $650,000, and the gambling platform provides a 0.4% cashback promotion.
Calculation: $650,000 × 0.4% = $2,600 in cashback.

Example 3:

In this week, a player's effective wagered amount in slot machine games totals $1,100,000, and the gambling platform offers a 0.4% cashback promotion.
Calculation: $1,100,000 × 0.4% = $4,400 in cashback.

Advantages and Benefits:

The cashback system is designed to motivate players to engage more actively in gaming activities while providing them with additional rewards. This system also helps increase the activity and participation on gambling platforms. Through cashback, players not only enjoy the thrill of gambling but also receive a portion of their wagered amount back, adding more fun and value to their gambling experience.

In summary, Cashback is a promotional scheme offered by online gaming platforms to encourage player betting activity. By calculating the effective wagered amount and the cashback rate, players can receive a corresponding percentage of cashback over a certain period, making the gambling experience more enjoyable and appealing.