The Best Casino Cashback Bonus 2022 – Get Your Money Back On Losses
Casino cashback bonuses are a great source of enjoyment on any and all casinos sites (including Finnish betting sites, Canadian casino sites and more) when playing casino games – either to withdraw, or to use for playing a few more games. But, what are these casino cashback offers? Why do casinos give them out? And who is eligible for them? In this article, we take a look at all this, as well as the best cashback casinos for players.
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What Are Cashback Bonuses?
Cashback casino offers are used to attract new players, reward loyalty and keep you playing with the operator in question. In essence, a cashback bonus is exactly what it says on the tin, in that a player is given back a percentage of the money spent at a particular casino, or on a particular game at a casino.
Normally, cashback is given on net losses rather than the whole amount you deposit or play, with the percentage of the cash usually varying between 5% and 25% depending on the casino. This cashback is usually credit to your account as bonus money which you can either decide to withdraw, or else use to play more casino games on the site.
How Do Casino Cashback Offers Work?
There are various types of casino cashback bonuses, but they all lead to the same outcome: a percentage of what you’ve lost being credited back to your account. The way this percentage is calculated can vary, with some casinos giving you cashback on net losses of a day, week or month on your total wagering, or else on a specific game for a period of time.
An example of how a cashback offer can work is that you are given 10% cashback on your net losses for that day. This means that, if you start the day with £50 and lose the whole amount, you’d get £5 back in your account. However, if you start the day with £50 and, through luck and skill, end the day with £80, then you’ve made a net profit and won’t get anything.
Another example is when there is a cashback offer on playing a particular game on a particular day. If you play £25 and lose it, then you would get back a percentage of the net loss (in this case £25).
What’s important to remember about this is that there is usually a limit to what you can receive – the offers are usually 𝑥% up to an 𝑥 amount (10% up to £50 and so on).
How to Claim a Cashback Bonus
The majority of online casinos have a very similar process to claiming this type of offer.
- Start by taking your pick of one of the best casinos we mention on this site and sign up.
- Go through the terms and conditions of the bonus and make sure you are happy with what is being offered.
- Make your deposit and claim the cashback bonus offer.
- Play according to the requirements of your bonus within the allotted time period.
- Once the time is up, check back and claim your bonus – the money should be in your account pretty soon.
Claiming your cashback bonus should be relatively easy, given that you have followed all of the instructions and checked the terms and conditions that came with it. However, if you are stuck or unsure, contact the customer care of your online casino of choice.
What Different Types of Cashback Bonuses Are Available?
Casino cashback bonuses come in a variety of shapes and sizes; some are mainstays in a casino’s bonus arsenal, while others are periodical. Below, we list the three most common types of casino cashback offers and list some UK casinos that carry such offers. As always, read the terms and conditions before signing up to ensure you know exactly what you’re getting yourself into.
Cashback on Net Losses
As the commonest type of casino cashback, cashback on net losses is when you get a percentage of your daily, weekly or monthly net losses at the end of that period. The amount (percentage) of the net loss that you can back is always stated, and usually ranges from 5% to 25% depending on the casino. The period during which you can get such cashbacks can also be defined differently – for example, if the cashback is part of a Black Friday deal, Easter promo, or Christmas offer. This would always be stated in the terms and conditions. Also, do be aware that numerous casinos limit how much you can actually get back, for example 20% up to £100.
Welcome Bonus Cashback
Welcome bonus cashbacks can either be similar to the net loss cashback mentioned above, or else can be a bonus on how you deposit rather than how much you lose. This may seem very similar to typical welcome bonuses, which match your deposits by a certain percentage up to a pre-defined amount (100% up to £200, for example), but it’s not. This is because casino cashback does not usually come with wagering requirements before a withdrawal is possible.
Cashback Bonus Eligibility
Eligibility for casino cashback offers differs from casino to casino. Some online casinos include it as part of their welcome package, meaning that if you are accepted and you meet the deposit requirements, you are eligible. Other casinos offer this to players who lose more than a certain amount within a time period, so you’ll need to deposit and play more than that amount to win.
There are numerous casinos out there that make cashback bonuses available to anyone, given they meet certain criteria (such as a deposit amount) but other casinos offer cashback to their most loyal clients or those who are part of their VIP programmes.
Cashback Bonus Terms & Conditions
We might come off like a broken record by constantly reminding you to read the terms and conditions of any bonus you claim. However, we do it for good reason – it’s so important to do so, particularly as different casinos require players to do different things to meet the requirements.
Among the many points you will find in the terms and conditions of your casino cashback offer are deposit amounts you’ll need to meet, specific games you’ll need to play, and time periods when the offer is available.
Ultimately, no matter which online casino bonus you choose, always take the time to read the small print. It may save you a lot of hassle and disappointment later.
Beware of Fake Cashback Bonuses!
One thing that is always good to keep in mind is that a real cashback bonus never comes with wagering requirements. It’s called cashback because you get your cash back, and you should be able to withdraw that cash without needing to play it first. So, if you come across a cashback best casino bonus that requires you to wager it a number of times before you can withdraw it, be sure to steer clear.
Cashback Bonus FAQs
Cashback casino offers are basically when the casino gives you a percentage of your net losses incurred during a specific period of time (day, week, month) back. The percentage can range from 5% to 25%, depending on the casino.
There are many reasons why cashback bonuses may be offered. For a start, they are a good marketing tactic to get players to try out a new game or games within a certain subcategory without feeling like they are risking too much. Secondly, when the cashback casino offer is part of the welcome package, then it is a good way of getting people to choose one casino over another. Thirdly, it is a sign of goodwill from the casino and a way of building a better rapport with you, the player.
Cashback bonuses require a number of conditions to be met, including depositing a specified amount of money, playing specific games, and meeting the time frame. One thing that this bonus should never, ever have is a wagering requirement. That is a sign of a fake cashback bonus, so you shouldn’t take it. As always, read the terms and conditions of any bonus at hand to make sure you are happy with what is being asked of you.
The difference is that they are the exact opposite of each other. Cashback bonuses give you money on your net losses, while top-up bonuses give you money on your winnings. As the latter is based on winnings, the percentage you get over and above your actual winnings is smaller, usually between 5% and 10%.
Definitely! High rollers don’t just deposit a lot of money and win more rounds, but also lose quite a bit of money, so this helps recuperate some of those losses. Moreover, a number of casinos save the best cashback casino offers for their VIP clients, many of whom will be high rollers.
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Iggy Fenech is a well-known contributor to many local magazines. His career as a casino content writer spans a number of years and includes writing blog posts for the Malta iGaming Seminar 2014, content for the Malta Gaming Authority’s website, and SEO-enabled text for casino websites.