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🎁 What is a Casino Cashback Bonus?

Cashback casino bonuses are when an online casino offers a certain percentage of your losses back to you, so the first thing to note is that you can only get this type of bonus if you lose money. The offer will be applied to your account either as bonus money or directly in cash. You probably already know that a casino bonus Canada is used to motivate players to sign up, deposit money and keep playing. The majority of us will be familiar with the most common offers, such as welcome bonuses and reload bonuses.

The value of the cashback bonus may not be so obvious, but serious players will recognize this as one of the best bonus offers that casinos provide. As we already mentioned, since cashback is used as a partial refund on any losses incurred, it may not seem too exciting at first glance. However, it has quite a few advantages over many of the other types of bonuses that casinos offer.

This bonus is very popular with players who spend a lot of time on their casino of choice because it reduces risk and takes some of the stings out of losing. It also comes with very few strings attached, as we will see further on. This type of bonus is not as famous as others, so you may well be asking, why would casinos give you cashback?

Why Choose Casino Cashback Offers?

They often have Low Wagering Requirements It's not uncommon to find cashback bonuses with no wagering requirements either.

It's a Fair Bonus The bonus given is calculated based on your spendings.

Perfect for Live Casino Games This is one of a few bonus types you can use on live casino games.

The cashback bonus is one of the more genuine and generous rewards given out by online casinos, but as always, there must be a benefit to the casino itself or the bonus wouldn’t be offered. In the case of cashback, online casinos are giving up a little of their profit in order to keep their loyal customers happy and discourage them from straying to new pastures.

If a casino regularly gives a little back when you’ve had a bad run of luck, that little boost you get from a casino cashback bonus is a powerful incentive to keep playing at that site.

Online Casino Cashback Terms

If you’re thinking of opening an account with a new online casino, it’s worth checking out whether cashback bonuses are available. Not all online casinos offer them because it is a genuine sacrifice of part of their profit.

If you do find an online casino in Canada with a cashback bonus, you should put the bonus terms under your magnifying glass. After all, this should be standard procedure for all online casino bonuses you find. Some of the things to look out for are:

• Percentage of cashback
• Wagering requirement
• Frequency
• Initial deposit needed
• Minimum and maximum amount

Start by looking at the percentages given. It’s rare to find anything over 25% cashback offered; 5 or 10% is the most common. There may also be an upper limit on the maximum cashback amount awarded, such as C$50, so take that into account. Even more importantly, it’s not uncommon to find a lower limit either, which can be very restrictive for casual players. For example, the casino might state that you must have earned at least C$20 cashback bonus funds for them to be paid out. In that case, you might need to spend a larger amount in the casino to have any chance.

Finally, check out under what circumstances cashback is available, as sometimes it’s given only to VIP players or those who deposit and play with over a certain amount of cash. Some online casinos offer casino bonuses weekly or monthly, while others give you cashback as a first deposit bonus only. Make sure to compare and find a cashback casino online that suits all your needs.

Types of Casino Cashback Bonuses

Now that we’ve seen the basics of cashback explained let’s move on to the details. As we saw earlier, cashback is usually offered as a percentage of losses, but calculating this percentage depends on the individual casino. Some offer cashback as part of the welcome offer, in which case it will probably be a portion of the first deposit.

So, for example, if the offer is 25% cashback on your first deposit of C$100, and you play through this until you are at zero, the site will automatically refund C$25 to your casino account. Any cashback deal is awarded on net losses, so even if your bankroll went over C$100 while you were playing, the refund would still be C$25.

Some Canadian casinos offer monthly cashback or even weekly cashback as a standard offer to all players. Your weekly/monthly net losses will be paid out regularly, for example, every Monday or the last day of the month.

Sometimes, cashback is offered only on a single game or game type, so if you’re lucky, you may find a casino with cashback on your favourite slots or table games.

Live Casino Cashback

You cannot use most casino bonuses on live casino games, but the cashback bonus is usually an exception to this rule. Therefore, many live casino players actively seek out cashback bonuses instead of regular welcome bonuses.

It’s also not unheard of to find a live casino cashback that only takes your wagers on live games into account. For example, if you spend $50 on slots and $100 on live games, you’ll only receive a cashback for the $100 spent on live casinos.

However, the best cashback bonuses apply to all types of casino games, and you can use the bonus amount freely.

How to Claim a Cashback Casino Bonus

How to go about claiming any kind of bonus varies depending on the casino, and it’s exactly the same with cashback. Sometimes, cashback is applied automatically to an account as a reward for loyal customers. Still, if you keep your eyes peeled, you may find a bonus code for special cashback bonus offers.

If you’re planning on playing a lot at a certain time, it’s worth seeing if there’s a cashback offer on deposits that day. It may even be worth contacting customer support to check if you missed something. If you’re lucky, they might even give you exclusive bonuses!

Withdrawal Process of Winnings

Few online casino experiences could be as sweet as winning from a cashback bonus. Just when your bankroll is empty, you are granted a reprieve and then your luck changes. If this happens to you, it’s time to decide whether to keep playing with your winnings or withdraw them and use them for something else.

First, you should check if the cashback bonus given has a wagering requirement attached. If it does, this needs to be fulfilled before you can prompt for any withdrawal. Most cashback casino bonuses have no or a lower wagering requirement than regular deposit bonuses, so it shouldn’t take too long.

Once done, and if you decide to withdraw, the process should be straightforward. If it’s your first withdrawal, you must go through a process to verify your identity before funds will be released. Once verified, you need to choose a payment method for the withdrawal (usually the same as your deposit) and depending on the online casino, the winnings will be paid out within 0-3 days. Some online casinos are faster than others, so choose one of our fastest withdrawal online casino Canada if speed is essential to you.

New Casinos with Cashback Bonuses

Most cashback offers are permanent. However, sometimes new casinos come up with better cashback offers. Commonly, new sites give out a slightly higher cashback percentage to attract more players in the beginning. Therefore, new casino cashback bonuses are often recommended, as long as the site is safe and has the games you want to play.

Usually, you can claim their welcome package as well, but make sure to read the terms and conditions before depositing any money, as this can differ from casino to casino.

Pros & Cons of Cashback Bonuses

There aren’t many cashback casinos on the Canadian market, but many of the best online casinos will offer this in one shape or form. It’s deemed a fair type of casino bonus since you get back parts of what you have spent. So, if you play for a large amount of money, you’ll get a large amount back, while it otherwise might just be a few Dollars. It can be a great way of receiving the best payout online casino Canada.

Now, it’s worth mentioning that cashback bonuses aren’t all just puppies and rainbows. The amount of deposited money needed within a period is quite high for the cashback to kick in, so casual players will have difficulty getting much real money back. The offer is perfect for high rollers and players preferring table games, as other bonuses are less suitable for their playstyle.

Summary of Online Casinos with Cashback

We hope that this guide has helped you to understand exactly what this type of offer entails and why casinos give cash back to their customers. Cashback may not seem like the most interesting offer initially – after all, it can only come after a loss – but a closer look reveals the value. Receiving a cashback bonus eases the disappointment of losing, replenishes your bankroll and gives a psychological boost. Best of all, if you’re then lucky enough to go on and win, there are usually not even any wagering requirements to fulfil.

Cashback Casino Online FAQ

Written by: Petricia Brown Petricia holds the position of Casino Review Manager. She is a gambling expert with more than 10-years experience in the casino Industry.

26/11/2021

Online casinos Canada > Online Casino Bonus Canada > Casino Cashback Bonus