Cashback bonus
If you want to receive a portion of your losses from an online casino, you may want to consider using cashback casino bonuses. A cashback bonus offers you a portion of your losses back as bonus funds or in real cash. Discover a list of the best cashback bonuses in Canada, where losing money can get some of your winnings back!
Best Cashback Casino Bonuses 2024
- Rest of Canada
- Ontario
- $2,000
- +200 Free Spins
- Huge Welcome Bonus
- Loyalty Club
Best Cashback Bonuses for Canadians
Cashback bonus offers are widely popular in Canada as it’s a way of recouping your losses after a losing streak. The best cashback casino bonuses offer you up to 20% in cashback, while the norm is between 5-15%. Below is a list of online casinos where you can claim the highest cashback bonus.
| Online Casino | Cashback Bonus |
|---|---|
| King Billy | 15% cashback with 0 wagering requirement |
| Arcanebet Casino | Weekly cashback bonus of 15% with 1x wagering requirement |
| Rolling Slots | 10% in cashback bonus with 30x wagering requirement |
Casino Cashback Bonuses in Canada
Numerous online casinos in Canada provide a cashback casino bonus as a popular promotion to draw in new players while keeping hold of existing ones. The bonus is intended to reimburse players for a portion of their losses, either in the form of bonus money or straight cash. Casinos have different payback policies, but generally speaking, it’s between 5% and 25% of the player’s net losses.
Players can reduce their losses and improve their time playing at the casino with a cashback casino bonus. It also offers players a second chance to recover their losses and perhaps even turn a profit. The fact that cashback bonuses often have terms and conditions, such as a minimum deposit requirement, a maximum cashback amount, and a wagering requirement, is vital to keep in mind.
Understanding a casino cashback bonus
Casino cashback offers is a type of reward offered by online casinos to players who have suffered losses while playing. Unlike traditional casino bonuses online, which are awarded as a percentage of a player’s deposit, cashback casino bonuses are a percentage of a player’s losses.
If a player loses C$100 and a casino offers a 10% cashback bonus, the player would receive C$10 as a bonus.
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 upsides 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.
Most common Cashback Bonuses
There are generally three types of cashback casino bonuses that players can receive. These include welcome bonuses with cashback, Regular Player Cashback, and VIP Cashback. All cashback bonuses are deposit bonuses, which allows to win both real cash and bonus money.
Below we’ll explain how each cashback package looks like and what it means for you as a player when claiming a casback offer.
Welcome cashback bonus for new players
The most common cashback bonus is offered to new players when they sign up for an online casino. Welcome cashback bonuses are usually offered as a percentage of a player’s first deposit. For example, a casino may offer a 50% cashback welcome bonus up to a certain amount. That means, if a player makes a first deposit of $100, they will receive a $50 in bonus cash.
The welcome bonus can also consist of a combined bonus of both cashback for your deposit, and free spins on top. These bonuses are rare but our experts have found some, which you can find in the list in the top.
Regular cashback for registered players
Regular player cashback is offered to players who’s already a member of the online casino. This type of cashback bonus is designed to reward players for their loyalty and to give something back for being a regular player.
Cashbacks for registered users are usually offered as a percentage of a player’s losses over a certain period of time. For example: a casino may offer a 10% Regular Player Cashback bonus on all losses over the course of a week. This means that if a player loses $100 during the week, they will receive a $10 cashback bonus.
VIP cashback
VIP cashback is offered to high rollers and VIP players at an online casino. It’s designed to reward players who spend a lot of money at the casino and to encourage them to keep playing.
VIP cashback casino bonuses are usually offered as a percentage of a player’s losses over a certain period of time, but the percentage is often higher than the percentage offered for regular players. For example: a casino may offer a 20% VIP Cashback bonus on all losses over the course of a week to VIP players. This means that if a VIP player loses $100 during the week, they will receive a $20 cashback bonus.
How to Claim a Casino Cashback Bonus
To claim a cashback bonus, players need to follow a few simple steps. Here is a quick guide to help you get started:
- Find a casino that offers a cashback bonus: Not all online casinos offer cashback bonuses, so the first step is to find one that does. You can use search engines to look for casinos that offer this type of bonus.
- Read the terms and conditions: Before signing up for a casino cashback bonus, it is important to read the terms and conditions carefully. This will help you understand the requirements to qualify for the bonus, such as minimum deposit amounts and the eligible games.
- Make a deposit: Once you have found a casino that offers a cashback bonus and have read the terms and conditions, you need to make a deposit to qualify for the bonus. The minimum deposit amount will be specified in the terms and conditions.
- Play eligible games: To qualify for the cashback bonus, you need to play eligible games. These games will be specified in the terms and conditions. Make sure to read them carefully to avoid playing ineligible games and losing your bonus.
- Claim your cashback: Once you have played the eligible games and met the requirements, you can claim your cashback bonus. The process for claiming the bonus will vary depending on the casino. Some Canadian online casinos will automatically credit the bonus to your account, while others may require you to contact customer support.
Cashback bonuses often come with wagering requirements and you’ll need to wager the bonus amount a certain number of times before you can withdraw your winnings. Make sure to read the terms and conditions to understand the wagering requirements before you claim a cashback bonus.
Benefits of Casino Cashback Bonuses
Playing on a cashback casino provides players with a percentage of their net losses as bonus funds, which can be used to continue playing or withdrawn as cash. Here are some of the benefits of casino cashback bonuses:
- 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.
- Encourage responsible gambling: Casino cashback bonuses can also encourage responsible gambling. By providing players with a portion of their losses back as bonus funds, they can continue playing without having to deposit additional money. This can help prevent players from chasing their losses and spending more money than they can afford.
- 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.
Drawbacks of cashback bonuses
While casino cashback bonuses may seem like a great deal, there are some drawbacks to keep in mind. Here are some of the most common drawbacks of casino cashback bonuses:
- Wagering Requirements: One of the biggest drawbacks of casino cashback bonuses is that they often come with wagering requirements. In other words, you will need to wager a certain amount of money before you can withdraw any winnings you receive from the bonus. Wagering requirements can be high, and they can make it difficult to actually benefit from the cashback bonus.
- 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 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.
Terms and Conditions for Casino Cashback Bonuses
When claiming a cashback bonus it’s important to read and understand the terms and conditions before claiming the offer. Our experts covers the most common terms and conditions that players should be aware of below.
Wagering requirements
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. It’s important to note that different games contribute differently towards the wagering requirement, so players should check the terms and conditions to see which games are eligible.
Time limits
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.
Cashback Casino Offers as a Casino Bonus
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 casino which they’re not already a player on. 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 fineprint of with these bonuses. Some casinos may have restrictions on the casino games that can be played with cashback funds, just as no deposit bonuses. Live casino games or table games is often not included in the package. It also may require a certain amount of playthrough to clear out the wagering requirements, before the funds 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.
