Casino cashback bonuses and offers 2024
If you want to receive a portion of your losses from an online casino, you may want to consider using cashback casino bonuses.
Check out the latest list our industry experts have compiled of all casino cashback bonuses in Canada.
Casino cashback bonuses in Canada
- Rest of Canada
- Ontario
- $2,000
- +200 Free Spins
- Huge Welcome Bonus
- Loyalty Club
How casino cashback bonuses work
The cashback bonus is intended to reimburse players for a portion of their losses, either in the form of bonus money or real cash. Casinos have different payback policies, but generally speaking, cashback offers are between 5% and 25% of the player’s net losses.
Example: If a player loses C$100 and a casino offers a 10% cashback bonus, the player would receive C$10 as a bonus.
Unlike traditional online casino bonuses, a cashback bonus is usually calculated on a weekly or monthly basis, and the percentage offered can vary from casino to casino.
Some casinos offer a flat rate of cashback, others offer a tiered system based on the amount of money lost.
The upside of cashback casinos is that they can help players recoup some of their losses. Players can test out new games with cashback bonuses without putting too much of their own money at risk.
Common types of cashback bonuses
All types of cashback offers always require real money deposits, but there are some factors that differentiate cashback bonuses from each other and how you actually get the cash back. Here’s a general guideline for the different types of cashback bonuses available at online casinos.
Cashback on deposits
If a casino offers a deposit cashback, it means that if you claim a 10% cashback bonus and deposit $100, you will get back $10 as bonus money. This money is paid back regardless of how you lose your initial deposit.
Cashback on all losses
This offer is quite rare as it gives players cashback on all losses, meaning players can choose any game to play and get their cash back. Typically, these offers are tied to a game, so if players find a real cashback on all losses, they’re in for a treat.
Bets or spins
This type of bonus gives players back a percentage of their losses on spins and bets that have been made. The casino collects all the data on bets or spins made and gives back a percentage of the amount when the cashback period ends.
Daily cashback bonus
One of the most common types you will bump into in online casinos is daily cashback. By claiming a daily cashback, players get a percentage back at the end of the day. The amount is determined by how much you play for; higher stakes equal higher cashback percentages.
Weekly cashback bonus
Same thing as daily cashbacks; the weekly cashback stretches over a week. After the week is up and players have met the wagering requirement, the bonus money is paid out.
Monthly cashback bonus
When claiming a monthly cashback, players accumulate bets or spins over a whole month. These amounts can be quite substantial considering the time frame and can provide a good payout at the end of the month.
VIP cashback
If you’re a regular player at an online casino, chances are that you’re eligible for VIP status. By playing frequently and climbing the ladder, this gives some of the best incentives and a higher than normal cashback percentage, sometimes up to 50%.
How to claim a casino cashback bonus
Claiming a cashback bonus as a new player is done in four simple steps, here’s how to do it:
1. Click on a cashback offer
Click on any cashback bonus in our lists and sign up to the casino to get started. If you’re already signed up, you head to the promotion page of the casino site and claim it.
2. Understand the terms and conditions
We urge players to read through the terms and conditions to check if the offer fits you.
3. Deposit and start playing
Cashback bonuses requires a deposit to play with real money. Choose your preferred method and start playing.
4. Get your cashback paid out
Depending on what offer you’ve chosen, you will see the total amount paid back into your account after the bonus has been wagered.
Pros and cons of a cashback casinos
Playing with any type of bonus comes with its pros and cons, here’s the major advantages and drawbacks of a cashback bonus.
Advantages
- Reduce losses: the main benefit of a cashback bonus is that they can help reduce the amount of money a player loses while gambling. If a player loses money while playing, they can receive some of their losses back as bonus funds, which can be used to continue playing or withdrawn as cash.
- Increase playtime: cashback bonuses can also increase a player’s playtime at an online casino. With these extra bonus funds, players can continue playing for longer periods of time, increasing their chances of winning.
- Flexibility: cashback bonuses are also flexible, as they can be used for a variety of games and activities at the casino such as slots, table games, or even participate in tournaments.
- Lower wagering requirements: cashback offers has low or no wagering requirements, making them ideal for players that wants to get the most out of a casino bonus.
Drawbacks
- Limited timeframe: Another drawback of using a cashback bonus is that it often has a limited timeframe. This means that you will need to use the bonus within a certain amount of time, or it will expire. If you don’t use the bonus in time, you will lose out on the cashback offer.
- Limited to some games: Some casino cashback offers are only available on certain casino games, usually on selected slots of the online casino’s choice, as some online casinos may exclude certain casino games from the bonus altogether.
- You have to lose: This bonus only goes into effect when you lose.
Bonus terms and conditions
Like any casino bonus, cashback casinos and bonuses come with terms and conditions for claiming them. This section covers the most common terms and conditions that players should be aware of and what ultimately sets a good bonus apart from a bad one.
Wagering your bonus
One of the most important terms to look out for is the wagering requirement. This is the number of times a player must wager the bonus amount before they can withdraw any winnings.
For example, if a player receives a $100 cashback bonus with a 10x wagering requirement, they would need to wager $1,000 before they can withdraw any winnings.
Expiry times
Time limits is the amount of time a player has to use the cashback bonus before it expires. These time limits can range from a few days to a few months, the terms and conditions will tell you how much time is available.
Game restrictions
Players should be aware of any game restrictions that may apply to the cashback bonus. Some bonuses may only be eligible for certain games, while others may exclude certain games altogether.
Reading through the terms and conditions of a casino cashback bonus is crucial for maximizing its benefits. If you pay close attention to the wagering requirements, time limits, and game restrictions, you will ensure to make the most out of the offer.
Tips for maximizing a cashback casino bonus
There are a few tips that players can follow to maximize the benefits of a cashback offer. Here are some things to keep in mind:
1. Read the terms and conditions
The most important tip is to read the terms and conditions page of the cashback offer, this allows you to understand the requirements for receiving the bonus. It includes minimum deposits, wagering requirements, and time limits.
2. Choose the right casino
Not all online casinos offer cashback bonuses, that’s why you should choose a reputable casino that offers a fair and transparent cashback program using our lists. Players should also consider the variety of casino games, customer support, and other factors when choosing a casino.
3. Play regularly
Cashback bonuses are typically based on a percentage of a player’s net losses over a certain period of time. This means that players who play more often are more likely to receive a larger cashback bonus. Of course, players should always gamble responsibly and within their means.
4. Take advantage of other bonuses
Many casino sites offer other bonuses and promotions in addition to cashback bonuses. Casino bonuses can include a cashback offer as well as a matched deposit bonus, so be on the lookout for these combinations if you want the best of both worlds.
5. Keep track of your progress
Keep track of the progress towards meeting the wagering requirements for a cashback bonus. This can help you stay on track and avoid missing out on bonuses due to technical issues or other problems. The best cashback casinos will offer an easy overview of your progression of how much you have wagered.
We recommend cashback casinos
Cashback casino bonuses are a popular type of casino bonus that can provide players with a percentage of their losses back. These bonuses can vary in terms of the cashback percentage offered, the frequency of payouts, and the terms and conditions attached.
As it’s typically a casino bonus made as a welcome bonus, its mainly suited for players signing up to a new online casino which they’re not already a signed up to.
A cashback casino can offer welcome bonuses in combination with a matched deposit bonus, which we recommend looking out for as it’s some of the best deals out there. If you’re interested in other types of exclusive bonuses that casino sites offer, we recommend checking out no wagering casinos, which allows you to take home winnings without having to meet any wagering requirements.
While cashback bonuses can be a useful for players to mitigate losses, it’s important to read through the fine print of these bonuses. Some casinos may have restrictions on the casino games that can be played with cashback funds, just as no deposit bonuses.
Live casinos and table games are often not included in the package. It also may require a certain amount of playthrough to clear out the wagering requirements, before money can be withdrawn.
Cashback bonus FAQ
What is a cashback casino?
A cashback casino is an online casino that offers a deposit bonus where a portion of the losses can be refunded. A cashback casino can also have regular promotions with cashback offers for regular players of the casino.
What are the best daily cashback casinos?
Below is a list of the best daily cashback casinos:
- 7 Bit Casino
- Crazy Fox
- Wagmi Casino
Are cashback bonuses legal?
Yes, cashback bonuses are legal in Canada.
What is the highest cashback percentage?
The highest cashback offer you can retrieve is from Arcanebet, with a 15% cashback with 1x wagering. Another good offer is from King Billy with 15% cashback without wagering.
How much cashback can I get?
Usually, cashback bonuses range between 5% to 15%, the best cashback casinos offer a high percentage in cashback with a low wagering requirement.
