Cashback is a bonus that you receive as a percentage of your total bet (win or lose, depending on the type) over a certain period. That period is usually a week, but it can also be up to 2 weeks or one month.

Usually not. However, some cashback bonuses require wagering, so you should read the terms and conditions carefully before applying this bonus.

Not necessarily. The usual types of cashback can only be received when the money is lost, but some offer cash even if the bet is won. These types are calculated based on the total stake, so they are generally in high demand.

Some online casinos have fixed cashback offers on their promo pages, but some classify them as occasional events. If you are looking for a place to invest your time and money, do some research and stay clear from such sites.