Rewards Points The Rewards Points you earn can be redeemed at any time for cash bonuses. Simply exchange some, or all, of your points for a cash bonus whenever you want. Cash Back The higher you climb up the Bovada Rewards ladder the higher percentage of cash back you get on losses, so you can get back in the game whenever you fall short of a big win. Tier Points You’ll earn tier points while you play. Unlike Rewards Points, these points are only used to track your progress throughout the tiers and allow you to move up through our levels. For every new tier you reach, you’ll unlock bigger and better rewards.