What is a Cashback Casino Bonus?
Are you looking for an extra incentive to play your favorite online casino games? If so, then cashback bonuses may be just the thing for you. A Canada cashback casino bonus is one of the most popular types of promotional offers available at Canadian online casinos today and we're seeing a growing number of the online gambling venues we promote adding cashback bonus codes and differing types of cashback to their promo pages. In general they work by providing players with a percentage of your losses back as bonus funds. With these types of casino cashback bonuses, players can get some money back on their deposits when they gamble or even receive a casino bonus based on specific amounts wagered over time. In this article, we’ll discuss what cashback casino bonus offers are and how they work in more detail so that you can decide if this type of casino cashback bonus is right for you. If you are in the market to explore a cashback promotion then you'll love our list of best cashback casinos in Canada!
How Do Casino Cashback Offers Work?
Lots of our readers ask, How do Cashback Bonuses work? In short, you play your best loved casino games or slots and the casino gives back a percentage of the funds that you lost while gambling over a certain amount of time. These promotions can span a week or a month for example and the rewards are based on the money you’ve gambled during that period.
Just like any other casino bonus, a cashback offer is subject to wagering requirements. This means you must play through your bonus a certain number of times before being able to make a withdrawal. It's worth noting that some online casinos will credit your earned cashback rewards automatically while in other circumstances you'll need to get in touch with customer support to claim your funds. In some examples casinos might also offer a cashback deal when you pay certain games too so you might see the cash back offer described as Live Casino Cashback or online poker cashback.
Various forms of Casino Cashback
So here's a bit more detail on the differences between cashback bonuses. We've established that some online casinos will credit your account with a percentage of lost funds back in the form of bonus cash, such as 10% Cashback Casino Bonuses or 20% Cashback Bonuses but what other specifics differentiate one cashback promotion from the next?
Daily Cashback promotions are the most common type of cashback bonus you’ll find at Canadian online casinos. As implied by its title, these offers will reward you for playing on certain days with a percentage of your losses credited back to you in bonus funds on a specific day.
Weekly Cashback bonuses are offered at some of the best Canadian online casinos and adhere to the same principles as Daily cashback offers, only this time you’ll receive a percentage of your losses back on either a weekly or bi-weekly basis. No w and then we even see monthly cashback offers at some online casinos.
Automatic Cashback bonuses are a type of casino cashback bonus where the cash back amount is automatically credited to your account without having to manually claim the offer. So, if you have an Automatic Cashback bonus available in your bonus balance, you don’t need to contact customer support and it will be credited back to your account automatically which is nice and convenient.
VIP cashback bonuses are reserved for high rollers who bet large amounts of money on their favourite casino games. The rewards usually differ from one VIP level to another with greater cash back perks the more you Casino VIP status grows.
Live Dealer Cashback
Live Dealer Cashback bonuses are a type of casino cash back offer that rewards you for playing live casino games such as Blackjack, Poker, Baccarat and Roulette. The percentage varies from one casino to another and if in doubt it's advisable to check the terms first.
Progressive cashback bonuses are very similar to progressive jackpots. The main difference is that with a progressive cashback you gradually increase your cash back percentage the more you play.
Do I need a Cashback Bonus Code?
There's often confusion around casino bonus codes and when they do/don't apply and the same is true of cashback bonus codes. Generally speaking cashback bonuses don't require a bonus code and are instead triggered automatically when the player meets certain criteria. A cashback bonus may be available as part of a welcome package at an online gambling site or an on-going promotion and therefore can require a specific code to claim. Always check the terms and conditions, as well as any promotional details provided by the online casino before you deposit and gamble..
Cashback Bonus Terms and Conditions
So, what casino cashback rules are applied? As with all casino bonuses, cashback offers come with certain conditions that must be met before you can make a withdrawal. T&C’s may vary from one casino to the next but in general, you should expect to encounter wagering requirements attached to your bonus funds. Playthrough or wagering requirements are often low , such as x10, but they can be higher at some sites so make sure you read the fine print. You should also expect to see maximum bonus caps in place and restrictions on which games you can play with bonus funds. If you’re not sure about what is or isn't allowed, contact customer support and don't be afraid to ask questions.
Reasons to claim a Casino Cashback Bonus?
As we see it, here are the cash back bonus benefits you can enjoy by taking part in this king of online casino promotion:
- Minimizing lost funds
- Often low wagering requirements
- Simple to use
- Benefits for loyal players
What about the drawbacks of cashback casino promos? Bonuses may have limited availability and may only be available as part of a promotion. Also, bonus funds may not be withdrawable and may be credited as bonus funds with strict wagering requirements attached.
How to claim a Cashback Bonus?
It's usually nice and straight forward to claim a cashback bonus casino promotion, here's how it commonly works:
- Sign up to an online gambling site that offers a cashback bonus.
- Make sure you read the terms and conditions of the cashback promotion, including any wagering requirements.
- Select your preferred payment method and make your deposit.
- Start playing at the casino games of your choice and if you loose , you will receive a percentage of your losses back in the form of bonus funds.
Which Online Casinos Offer the best Cashback Bonuses?
The best cashback casinos are those that offer frequent, generous and easy to claim bonuses with realistic wagering requirements. Some of the top-rated online casinos that offer cashback bonuses include 7Bit online casino, Bitstarz and Casimba. These online casinos that offer cashback bonuses and others listed here on our Freespinny cashback page have some of the best cash back bonuses in the industry and are worth checking out if you're looking for an extra reward and a chunk of your losses back.