What is a Cashback Casino Bonus?
A cashback bonus is just one of the gambling promotions you can find in online casinos, but it works differently than the others. This offer does not match your deposits or give free spins. Instead, it refunds a certain portion of the money you lost while playing games to your account. The money returned through cashback promotions is usually wager-free, meaning you can use it or withdraw it without having to complete wagering requirements.
Pros and cons of casino cashback bonuses:
How Does an Online Casino Cashback Bonus Work?
Cashback casino bonuses are mostly automatic, meaning you don't need to do anything specific – except to lose money. Online casinos may sometimes require you to lose a certain amount within a certain period of time (for example, a week), but other than that, a cashback bonus is almost always automatic.
1. Sign Up
Start by becoming a member of one of the cashback casinos: in order not to waste time and make wrong choices, you can choose one of the best casino cashback bonuses we recommend.
2. Find the Offer on the Homepage
Log into your casino account with your user details and find this bonus on the homepage (or promotions page). Find out what the maximum refund limit is.
3. Read the Terms and Conditions
4. Make a Deposit
To trigger this bonus, you must lose money anyway, for which you must first make a deposit. Start playing for real money by making your deposit, and remember that if you lose, some of your losses will be refunded.
Casino Cashback Percentage Explained
The cashback rate will determine the amount you can win back with a cashback bonus at an online casino. Just like match bonuses, these promotions are offered at different odds, usually between 3% and 50%. The most common cashback bonus rates in the market are:
Top casino cashback percentages:
|3% cashback||This is a very common rate and can be seen even in daily cashback offers.|
|5% cashback||A common rate offered to both new and existing members.|
|10% cashback||We can say that it is the most common rate among weekly cashback bonuses.|
|25% cashback||This is a high rate and is mostly seen in monthly cashback bonuses.|
|50% cashback||A very rare rate, it may require reaching a certain level in the loyalty program.|
How Casino Cashback Gets Calculated?
A cashback offer is calculated using different formulas. In other words, online casino sites use a formula to determine the amount of money you can get back with this bonus, and this formula is different at each site. You can see a sample cashback deal formula below:
- (Deposit – Withdrawal + Bonuses + Current Balance) x (Cashback Rate) = Cashback Amount
Cashback Bonus Codes
We mentioned above that cashback casino bonuses are mostly automatic. But in some cases, you may also need to use a special code to activate them. Online gambling bonuses activated with a code are quite common, and cashback casino sites also use them. These codes may consist of short words, as well as a series of numbers and letters. In any case, they must be used to activate the cashback offer.
You can do this by entering the relevant code in the section of the same name on the registration form or on your profile page. Cashback casino bonuses with codes usually need to be redeemed within a certain time frame, so we recommend using these codes as soon as possible.
Cashback Casino Bonuses for New Players
Cashback casino bonuses are mostly offered to existing members to reward their loyalty, but sometimes new members can also take advantage of them. In this case, the cashback offer works a little differently. Cashback casinos refund a certain portion of the amount lost by new players in the first 24 hours. Such daily cashback offers can be used only once and can sometimes include high return rates.
The difference from other new member bonuses is clear: online casino sites offer deposit match bonuses (welcome package) mainly to new players; that is, they match the deposit made at a certain rate. A cashback offer, on the other hand, is triggered by the money you lose, not the deposit you make, and the best casinos do not require you to complete wagering requirements for the refunded money. Therefore, it is possible to say that cashback casino bonuses are more advantageous.
Cashback Bonus Terms & Conditions
Some of the most common terms and conditions that are worth keeping in mind concerning casino cashback bonuses in Canada are:
|Casino Cashback Bonus Rules||Explanation|
|⚡️ Special Games||You may only be allowed to use the refunded money in a certain game type. For example, you cannot play progressive slots, but you can play video slots.|
|⚡️ Maximum Limit||There will almost always be a maximum limit on the money you can get back with the cashback bonus. For example, you are not allowed to receive returns of more than 2,000 CAD per week.|
|⚡️ Time Limit||A cashback bonus will always consider your losses within a certain time frame. This interval can be 24 hours, a week, or a month. Likewise, it may need to be used within a certain period (for example, during Easter).|
|⚡️ Game Contribution||In some cases, only your losses in a certain game type are considered. For example, the bonus is only calculated based on your losses on the slot machines.|
|⚡️ Wagering Requirement||Offers at the best cashback casinos do not require you to complete a wagering requirement, but in some rare cases, this may still be the case at some sites. In this case, make sure the wagering requirement is not higher than 5x.|
Cashback Casino Sites: What Games are Available?
Unless otherwise stated, all games at cashback casinos will be taken into account in the calculation of this bonus. In other words, your losses in different games such as slots, blackjack, roulette, poker, and live casino games will be included in this promotion. You can find hundreds of games in different categories on a cashback casino site, and you can try your luck in all of them. A cashback offer will count towards your losses in all these games.
Types of Casino Cashback Bonuses
In its simplest and most common form, this promotion will refund a certain portion of your losses, but like other gambling offers, cashback bonuses come in different forms. Sometimes you don't even have to lose money to get a cashback.
1. Cashback on Welcome Bonuses
This type of bonus is offered to new members and refunds a certain portion of the losses incurred within a certain period (usually the first 24 hours), as explained above. It is a more advantageous offer than the classic match deposit bonuses, as it does not require a wagering requirement. However, it can only be used once.
2. VIP Program Cashback
Cashback bonuses can also be offered as a reward in a loyalty program. In this case, members who reach a certain level in the loyalty program can benefit from it, and the cashback rate also varies according to the loyalty level. Those who reach the VIP level in this program can benefit from the highest rates.
3. Weekly Casino Cashback Bonuses
This is the most common type of this promotion. On a certain day each week (usually Monday), a certain part of the losses from the previous week is automatically returned to the player account. Since they are not included in a loyalty program, new members can also start to benefit from the bonus from their second week.
4. Daily Cashbacks
This bonus is offered to every member in the casino and automatically refunds a certain portion of the losses incurred in the last 24 hours. For the same reason, its return rates are a little lower (usually ranging from 3% to 5%).
5. Cashback Bonuses for Events
Online casinos hold seasonal promotions on special days such as Easter, Christmas, Black Friday, and cashback bonuses are a part of them. In this case, the bonus is valid only during the seasonal event and offers high refund rates of 25%.
6. Live Casino Cashback Sites
This type of bonus is exclusive to live casino games only. In other words, only your losses in games played against a real dealer are considered. It can be daily, weekly, or monthly depending on its content.
7. Bitcoin Casino Cashback Bonus
It is also possible to take advantage of this promotion on Bitcoin casino sites too. There is no change in the way the bonus works, but the refund is made in cryptocurrency (e.g. Bitcoin), not Fiat currency (CAD).
Cashback Crediting Timeline
It is also possible to categorize cashback bonuses according to the way they are activated. In this regard, the most common options in online casinos are:
- Automatic: The bonus is triggered automatically on a specific day (for example, Monday every week).
- After a certain period: The bonus is triggered automatically at the end of a certain period (for example, when the Easter event ends).
- Upon request: You must reach support to claim the bonus. Agents manually define the bonus to your account.
Final Words About Cashback Casino Sites
Cashback bonuses are one of the most advantageous promotions in Canadian online casinos, and all players should take advantage of them. With this promotion, you can limit your losses and continue playing for real money without making a deposit. Therefore, we recommend that you start playing right now by claiming one of the best casino cashback bonuses we have selected for you: good luck!