Best Cashback Casinos & Bonuses 2023
Online casino cashback offers and bonuses are becoming more and more popular with players. As such, you will now find that both the new and established online casinos have started adding this type of offer to their books. Some even offer a weekly online casino cashback bonus instead of a traditional welcome bonus. Overall, they are profitable types of offers not just for high rollers, but even recreational players and low rollers.
If you’re a fan of spinning the reels or playing card games – and you want to get even more value for your money then making use of the available exclusive cashback casino bonuses is the perfect way to go. Here, we will look at the very best online casino cashback offers, how they work and how to make the most of them!
Top 8 Cashback Online Casinos for September
Last Updated: September 4, 2023
- VIP program with cashback
- Huge selection of games
- Weekly bonus offers
We only ever recommend a cashback casino that is completely legitimate and offers trustworthy, fair and transparent bonuses. Each one has been licensed and regulated by one or more of either the UK Gambling Commission, the MGA or the Kahnawake Gambling Commission etc.
Why Cashback Casino Bonus Offers are Popular
Cashback casino bonuses are great for players to get a return on their online casino spending. If a player places a bet and doesn’t manage to hit any wins, then instead of losing all their money, the casino will give the losing players some of their cash back, which softens the slow a little bit – and gives them some extra playing time!
These are now available at many top casino sites in Canada and are given to players as regular promotions. So, if this is the type of promotion you’re looking for then there you’re sure to find something to suit you.
Ultimately, this is a great way to recover a percentage of your overall losses and is usually given purely as a goodwill gesture. The percentage you get back normally ranges somewhere between 10 to 20% depending on the casino – and there will also be a maximum amount that you will be able to claim back… i.e. 10% cashback up to C$10
This type of bonus will often be given to players on top of other promotions (such as the welcome bonus) or it may also be available as a standalone offer. These are most commonly found as a popular live casino bonus or sports betting bonus.
Cash Back Offers: Popular All Across the World
Cashback offers have proven to be popular all across the world – not only do online casinos offer cashback bonuses, but online shopping sites provide loyalty cards, rewards schemes, air miles etc all working under the cashback premise… online casinos have worked out exactly how appealing it is and have got in on the act.
The beauty of the cashback bonus is its simplicity. A player can spend their entire budget on their favorite games knowing that if they don’t manage to get a win then they can at least get some of their money back.
The real cash bonus is usually calculated based on the net losses that have occurred over a select period of time. (i.e. 10% of your net losses over one week).
Advantages and Disadvantages of Cashback Bonuses
As with any type of bonus, whether or not you decide to claim it is very much up to you. There will always be the choice of opting in or out of the bonus offer based on whether or not it suits you.
- One of the main advantages of accepting the cashback bonus offer is that it takes the edge off of losing a number of bets.
- Not only can cashback offers be received by playing online slot games, but they are also even more popular for live casino games such as selected poker games, roulette games and blackjack.
- If you have an unlucky streak then you can claim the cashback bonus which will allow you to have another go the following week.
- This type of bonus rewards loyal players who have a tough time.
- This type of bonus is usually rewarded as cash and comes with no wagering requirements.
- They are easy to claim and even easier to use.
However, there are a few downsides attached to this type of offer:
- They usually have rather low maximum caps (around C$5 to C$10)
- They aren’t readily available in all online casinos.
How Cashback Bonuses Work
A cashback bonus is awarded to a player who is playing selected games and loses money. This type of bonus is normally a percentage match of losses.
It is usually worded as a percentage amount back up to a maximum amount. For example, a casino cashback offer may be a 15% cashback offer of up to C$50. This means that the most they will be able to get in cashback money is C$50, even if it calculates to be much more.
You need to be aware of the maximum amount you can expect back before claiming the offer. There’s no point playing C$5000 expecting at least C$750 (15% of $5000) back and then being disappointed when you only get C$50. As such, it is essential that you always read the terms and conditions attached to any offer you claim before doing so.
The biggest difference between a cashback bonus and other types of bonuses is that the requirements attached to them are usually a lot different. Most other bonuses are reload-type bonuses that reward you for playing and encourage you to play more, whereas a cashback reward is usually for a loyal player that has suffered some losses.
Moreover, cashback bonuses don’t usually carry wagering requirements so you can withdraw anything you win from the cashback funds straight away.
Cashback Casino Bonuses Wagering Requirements
As we mentioned, in most cases, there won’t be any wagering requirements you need to fulfill when you claim a cashback offer because these are only given to players after they have already placed a substantial number of losing bets at the casino. As such, it would be considered to be pretty unfair to put wagering requirements on them given that they are only based on losses.
Usually, the only real condition worthy of mentioning is the maximum cap, which you need to consider when playing.
Cashback Bonus Expiry
You also need to factor in the reality that a cashback offer will come with an expiry date, which is true of all casino promotions. So, when you claim this type of promotion, make sure that you read the details first. If you don’t play the cashback money within the given time frame then you will lose it. They usually won’t last for any more than 60 days at the very most.
Claiming Your Cashback Bonus Offer
The great news is that a cashback offer is usually one of the easiest types of casino bonuses to claim. All you need to do is play real money on specific games (and you may be required to opt-in to the offer) – that’s about it really. Your deposit method doesn’t matter, there are usually no minimum deposits, maximum bets etc. The cashback will automatically be added straight back into your casino account.
So, you would be eligible to claim the cashback whether you were funding your casino account with Interac, Skrill, PayPal, bank card or even bank transfer. The only thing you will need to consider is any applicable withdrawal fees and withdrawal waiting times.
To claim your cashback bonus, simply follow these quick and easy steps:
Click on the cashback promotion offer button
Read through all of the terms and conditions carefully
Make sure you only play the games that have been specified for the offer
When all requirements are met, the cashback will be calculated and automatically credited into your casino accounts
Daily Cashback Offers
Although there are numerous cashback offers that are calculated on a weekly or monthly basis, sometimes there are online casino sites that offer daily cashback bonus offers.
These are very rare and aren’t always available but it’s always worth looking out for them and taking them up when you find one.
Comparing Different Cashback Bonus Offers
Most online casino sites will offer a welcome bonus with all different layers – many will even offer a small percentage of cashback as well. This welcome bonus will be awarded to a player for making a first deposit on this site and usually offers a match deposit offer plus free spins – and hopefully a cashback bonus!
However, it is also available one time only and can only be claimed by new players that meet all the criteria to claim the offer. Aside from a side attraction on a welcome bonus and deposit bonuses, here are some of the main cashback bonus offers you might find:
Game Specific Cashback Bonuses
You will find that many cashback offers are usually for specific games as dictated by the casino. However, you can claim it whether you are a new or existing player. You simply need to opt in to the promotion and play on that specific game during the specified time frame.
During this time frame, whilst playing this game you will receive a percentage of any money based on anything that you have lost. This type of cashback offer may come with wagering requirements so you should read the T&Cs carefully first before claiming.
Here are some of the most popular types of games for this type of promotion:
- Live casino table games
- New or specially promoted online slot games
- Popular sporting events.
Cashback Casino Offers: Are They Legal?
Oh yes, they are! Cashback bonuses are entirely legal – what’s more, they don’t even require players to make any additional deposits or play with any extra money than what they had already intended to. Having said that – a casino bonus is only as legal as the casino that you are playing at and the jurisdiction in which you are playing. Some regions don’t allow casino bonuses in any way, shape or form
In some locations, for example, players aren’t legally allowed to play and claim any type of bonus or promotion, so you always need to check the laws of wherever you live first and find out whether or not the casino is licensed and regulated in your country.
Remember, casinos are only really recommended from a licensed and legal online casino. If in any doubt, make sure that you look for an indication that it is licensed by a governing body such as the UKGC or MGA.
If there is any doubt, then it is best to avoid the casino and find one that you can confirm. All of the casino cashback bonus offers we have mentioned are from casinos that have been fully licensed and regulated by a recognized and respected governing body.
Top Tips for Using Online Casino Cashback Bonuses
No matter what bonus you claim, you want to always make sure that you make the very best of what is on offer – so remember there are a few things you will need to keep in mind:
- Read the requirements that are attached to the offer carefully so that you know exactly how to claim it, how to use it and how long it’s available.
- Base your gameplay on the maximum cashback cap that is attached to the online casino cashback bonus.
- If you are looking for a seasonal promotion or event-based cashback offer then look at the casino’s promotions page. The promo page will always have information on the most up-to-date offers and is the best place to make sure you have the most recent information.
Also, remember that you may be able to find news and information on current cashback offers in casino newsletters and blog posts. If you opt-in to communication from a casino, then you will be able to get news of any new cashback promotion delivered to you directly to your inbox, without having to do any checks yourself.
This is an excellent way to make sure that you don’t miss any offers.
A Short History of Cashback Offers
There has been quite a history to cashback bonuses and offers – as they have been a staple in marketing departments for many years – even before the advent of online casino sites.
Loyalty cards at supermarkets often give you cashback when you make a purchase, and online energy companies may give you a cashback card to get money off your bills – and this has translated perfectly to the online casino world. This has proven to be an effective way to attract new players to the site… and keep them coming back for more.
Responsible Gambling and Cashback Casino Bonuses
Whenever you check out new online cashback casinos and consider claiming any offer, then you obviously need to be aware that, with or without a promotion, gambling should always just be for fun and entertainment.
As such, it goes without saying that you shouldn’t deliberately play much riskier bets just so that you can lose and take advantage of a cashback offer. If you do feel that your gambling habits are starting to get out of control, seek out help at the casino or a professional gambling help centre such as BeGambleAware.org.
Cashback Bonuses FAQs
How Can I Claim a Cashback Bonus Offer?+
Most casinos will require you to opt-in to a cashback offer before you can take advantage of it. In some instances you may be required to use a bonus code, however, mostly you will simply be required to click on a link that will count you in.
Simply follow the instructions as specified in the terms and conditions and the cashback will be added automatically to your casino account.
What is the Difference Between a Cashback Bonus and a Welcome Bonus?+
A welcome bonus is offered by an online casino in order to attract new players onto the site. They are great to attract players but are of no benefit to existing players. A cashback bonus is open to any player that is already a member of the casino. It can reward players for loyalty and encourages them to keep on playing, especially if they have been on a losing streak.
Are Cashback Bonuses Awarded Instantly?+
Usually they are, yes. As long as you have fulfilled all the criteria then it will be credited straight into your online casino account. You won’t need to wait for bank transfers etc and there should be no reason for any delays. So, you can start playing with your cashback money straight away.
The only delay you may encounter is when withdrawing the cashback or winnings from the cashback, which will be subject to the standard waiting times.
What is a Casino Cashback Offer?+
This is simply a small percentage of your net losses over a set period of time that will be given back to you straight into your casino account.
Do All Casinos Offer Cashback?+
No, some do but not all casinos offer cashback just yet, so check our list and check the casino promotions page.
What is the Average Casino Cashback Percentage?
Casino cashback bonus offers usually site between 10% and 20% although they can go as high as 30% in rare instances.