Casino Cashback Bonus Offers
Cashback bonuses are a popular incentive in the world of gaming. They started in traditional casinos, where people could receive free meals, drinks, and other perks after spending a certain amount of money, and later got their equivalent in the online world.
CasinoOnlineCA experts, led by editor-in-chief James Segrest, look into new bonus offers across Canada’s online casinos, explain them, and unveil their pros and cons.
Read on to learn more about Canadian cashback bonuses and how they work.
What Are Casino Cashback Bonuses?
Cashback bonuses are rewards offered by casinos that give players a percentage of their losses back. The losses are calculated over a certain period, after which the player receives a predefined portion of their lost money back.
Let’s say a casino offers a 20% weekly cashback bonus. If you lose $200 that week, the casino will deposit $40 back into your account.
Unlike other casino bonuses, cashbacks come with fewer limits. You don’t have to wager a certain amount of money to receive them (as is the case with deposit bonuses). Instead, they are calculated solely on losses.
Also, unlike with free spins, it usually doesn’t matter what game you play. If you lose money in several games, the casino will refund a percentage of it at the end of the game period. You can also use this cashback in any game you want.
And finally, while the cashback percentage increases with loyalty levels, casinos that offer cashback will still give you the bonus you qualify for. You don’t have to wait for anything; just fulfill the basic requirements for the weekly bonus.
In the next section, we will look at the best cashback bonuses in online casinos across Canada.
Best Bonus Cashback Casino Offers in Canada
Wildz, 888, Betchan, Sloto Cash, and Bitstarz Casino have some of the best сashback offers available in the country. Some also offer deposit bonuses of 100%. Before you test your luck in these online casinos, check out our analysis of their offers.
Wildz Casino
Wildz is a casino regulated by the Malta Gaming Authority with a solid stream of games and a user-friendly platform. As a site focusing on player security, we had to name Wildz one of the top platforms. Wildz offers a 10% to 20% Loyalty+ Cashback in Bonus Money and an additional 2% for each $2,000 in net losses.
Pros
- 10% to 20% Loyalty+ Cashback
- Additional 2% on every $2,000 in net losses
- Have cashback applied to your account as soon as you earn just $1
- One-time wagering requirement
Cons
- Maximum cashback is $100
- Cashback is calculated as Bonus Money (only used for playing)
- You cannot earn additional cashback with Bonus Money
888 Casino
This casino doesn’t have a classic cashback offer. Instead, it has a comp points bonus with a similar purpose. You don’t get a percentage of your losses, but as you play, you receive points which can be exchanged for money. Here’s what the experts at CasinoOnlineCA think about the offer:
Pros
- You get points as you play which you can redeem for cash
- You can choose when to redeem them
- You can redeem up to five million points per month ($40,000)
Cons
- The points aren’t very valuable
- It takes time to accumulate them
- It is more difficult to calculate than regular cashback
Betchan Casino
Betchan Casino cashback is ideal for casual players who wager low amounts every week. This is because it gives you cashback on amounts as low as $1. This is available for new and existing players, and while it’s not the highest cashback available, it’s simple, real-money, and wager free. At the same time, as a VIP club member, you get personalized bonus offers, which is an additional plus.
Pros
- Low minimum loss
- 11% weekly cashback
- Real money offer
- Wager free
Cons
- There are higher cashback bonuses available
Sloto Cash Casino
Sloto Cash has some of the highest cashback bonuses in the industry, which makes it a solid candidate for this list. If you don’t use other bonuses, you can opt for cashback only and get up to 25% instant cashback. Here are the pros and cons of this cashback offer:
Pros:
- 35% Cashback from Thursday through Sunday
- No maximum cashout
- Low minimum deposit ($10)
Cons:
- You have to claim it in live chat
- 10X playthrough for slots
- 20X playthrough for other games
Bitstarz Casino
Bitstarz is a crypto casino with over 3,600 games and fast withdrawals, popular with players who want to enjoy the experience. When it comes to cashback, it’s only reserved for members of its loyalty program, BitStarz VIP Club.
The casino also has cashback parties, piggy bank smashin g, and other gamified, high-reward options which generally give it a good reputation among Canadian players. Here are the pros and cons of this cashback offer:
Pros:
- Personalized bonuses
- Weekly cashback
- No restrictions on bet level or cashout
Cons:
- For VIP members only
Types of Cashback Bonuses
There are three main types of cashback bonuses, including cashback for new players, cashback for registered users, and cashback on casino bonuses. All of these bonuses can be daily, weekly, or monthly.
Cashback for New Players
Cashback for new players typically aims to help players out during their first week of play, although some casinos may offer monthly cashbacks.
This helps players get familiar with the platform without losing too much of their cash. They can be paid in real (immediately withdrawable) or bonus money.
To get this type of cashback, you usually need to deposit a certain amount of money and register for the platform. Its only downside is that it may only give you back a small portion of your lost money (usually 5% to 10%) and that it only lasts for that first week. Also, you must lose during this period.
Cashback and Casino Bonuses
You can also combine cashback with other bonuses, including free spins, loyalty, and deposit bonuses. In some cases, you can replace your cashback for spins or chips.
These bonus combinations are usually part of the welcome bonus or a VIP bonus. Depending on your playing style, you can benefit more from higher cashback or deposit bonuses, so check each offer out before you decide.
Cashback for Registered Users
Cashback bonuses used to be available only to loyalty club members. However, later on, they became available to registered and new users. Typically, the more time and money you spend in a casino, the higher your cashback percentage is.
These bonuses can be limited to a single game, location, or other conditions. For example, a casino can offer a 15% blackjack bonus, a live game bonus, or a bonus for people from Canada only. You can get cashback on all losses, cashback on losing spins, and deposit cashback (cashback on the amount of money you deposit, regardless of losses).
Pros and Cons of Cashback Bonuses
Cashback bonuses are popular for a reason, but as with many other perks in the online gaming industry, they often come with some strings attached.
These are the main pros and cons of cashback bonuses I’ve seen as an experienced player.
Benefits of Receiving a Cashback Bonus
The main benefits of a cashback bonus are:
- Reduced losses: Receiving a percentage of your losses back reduces your overall risk. This gives you a small but valuable safety net.
- No wagering requirements: Unlike deposit bonuses, you don’t need to spend the bonus amount several times over until you’re eligible to withdraw it.
- More chance to play: As cashback reduces the pressure on your bankroll, it gives you the chance to play more, extending your sessions.
- Loyalty: Cashback usually goes up with time, meaning existing players get rewarded for their loyalty.
- Simplicity: It’s simple to calculate, unlike most other bonuses with complex wagering requirements.
- Good for all players: Many casinos also have low minimum cashback, so they’ll give you a part of your losses even if you’re a casual player spending low amounts. If you spend more, look for casinos that don’t have low caps on cashback.
Drawbacks of Cashback Bonuses
Cashback bonuses also come with some downsides:
- You must lose: Cashback is typically only available on the money you lose. If you win or break even, it doesn’t apply.
- Limited percentage: These bonuses are usually not much higher than 10%. This doesn’t recoup much of your losses, so it’s not something you should rely on too much.
- Caps on refunds: Many casinos only offer cashback up to a certain amount, usually $100 or $200.
- Bonus money limitations: If you win bonus money cashback, you cannot withdraw it. You can only use it to play more. Also, when you lose bonus money, you typically don’t accumulate cashback.
- Active accounts only: In most cases, cashbacks are only applicable to active accounts. If you don’t open your account for a certain period, you may lose your bonuses.
How to Get a Cashback Bonus
To get a cashback bonus, all you need to do is play. Casinos pay you back automatically, meaning you don’t have to calculate anything on your own. Here is how getting a cashback bonus works:
- Meet the requirements: If it’s a welcome bonus, you usually need to create an account and deposit the minimum amount of money. With other bonus types, you often have to enter a code or opt into a loyalty program.
- Read the terms and conditions: Before you decide to use a bonus, read the conditions carefully. Sometimes, they won’t fit your playing style or the amount of money you intend to play with. In that case, don’t claim the bonus.
- Play the eligible games: Not all games are eligible for cashback. Usually, ineligible games are live dealer games and progressive jackpot slots. Regular slots are typically eligible for cashback. However, some casinos will have a cashback bonus on live games, and they will note it in their offer.
- Wait for the cashback day: Casinos typically have set days for cashback, whether a certain day of the week or the end of the month. Depending on the casino, you will receive the bonus automatically in your wallet, or you’ll need to request it from customer support.
- Repeat: Cashback bonuses are usually cyclical, repeating every week, day, or month. This means you can get the cashback anytime you meet the requirements.
Tips When Using a Cashback Bonus
Although cashback bonuses are simple and straightforward, there are some things you need to know before you agree to use a bonus.
First, you always need to read the terms and conditions. There may be some fine print, wagering requirements, restrictions on the type of games, payment methods (sometimes it doesn’t apply to Skrill or Paypal), or location. Be particularly careful to play eligible games, as this can maximize your returns.
This also includes withdrawal terms. Check if there’s a cap on payout and how it affects the amount you plan to spend. Also, cashback often gives you bonus money, meaning you can only spend it in the casino — not withdraw it.
The next tip is to keep track of your losses. Cashback bonuses are calculated as a percentage of losses, so you’ll have a better idea of what to expect.
A common mistake is that people don’t claim their bonus on time. Make sure to claim it or be active on the day of the cashback, as most of these bonuses have an expiration date.
Finally, set a playing budget. Cashback can give you a false sense of security, and you may lose more than you can afford.
How to Calculate Your Cashback Bonus
There are two main ways in which cashback bonuses are calculated. Here are two common scenarios and how they can affect your gains.
Scenario 1: 10% Cashback Up to $200
This is an offer you’ll find in many casinos. So, what do you get if you choose to play?
Once the cashback period ends (for example, one week), the casino refunds you 10% of your net losses. However, the maximum amount you can get is $200, no matter how much you’ve lost.
- If you lose a smaller amount of money, let’s say $300, you get $30 back.
- If you lose $2,000, you get $200 back.
- If you lose $3,000, you still get $200 back, as this is the maximum.
Basically, any loss above $2,000 means you don’t actually get 10% back, as $200 is the maximum.
Scenario 2: 10% Cashback Up to $300, With a Minimum Net Loss of $500
This offer looks similar, but it has one important difference. You have to lose at least $500 to get anything back, which is a riskier situation for most players.
- If you lose $450, you don’t get any cashback.
- If you lose $3,000, you get $300 back.
- If you lose $4,000, you still get $300.
When you see a cashback bonus like this, you may be tempted to play more if your loss is slightly lower than $500. However, this can force you into a situation where you spend much more than you planned.
These bonuses can be useful for players who spend a lot of money in casinos. However, they can leave casual players who spend lower amounts without any cashback.
Alternative Bonuses
You can often combine cashback with other bonuses or choose them over cashback. Other types of bonuses include:
- Welcome bonus: These bonuses usually combine free spins and deposit bonuses to attract new players. They give you a higher initial amount and the opportunity to play more and spend more in the casino.
- Free spins: Free spins are a bonus created for slot games. With this bonus, you get to play more or try out new slot games without spending more cash. You usually get free spins in a specific slot game, so make sure to read the conditions of the bonus each time.
- No deposit bonus: This is a rare but very popular bonus for new players. With a no deposit bonus, you get free spins or credits just for registering, meaning you don’t have to deposit any money to start. However, this type of bonus usually comes with high wagering requirements, meaning you cannot withdraw the money until you’ve spent a certain amount of your own cash.
- Deposit bonus: A common part of welcome bonuses, the deposit bonus rewards you for depositing money. It’s usually a 100% match, meaning that the casino doubles your deposit. However, this comes with wagering requirements, meaning you have to spend the amount many times before you can withdraw it.
Our Verdict
Cashback bonuses are popular for good reason. They reduce your losses, they are easy to calculate, and many casinos pay them into your wallet automatically. They are often weekly or daily, meaning you receive a part of your funds back on a regular basis.
What’s important to know is that cashback always comes with some conditions. It is usually capped at a certain amount, meaning you cannot receive more than the maximum, or it requires you to lose a certain amount of money before you receive it.
If you always read the terms of the bonus carefully, you will find good deals that let you play more comfortably and reward your loyalty.
