Various types of casino bonuses are offered by different casinos. While certain cashback bonuses are best suited for new players, others are intended for high rollers or VIP casino gamers. To ensure that you are able to locate the perfect online casino, we have compiled a list of the top casino cashback offers available. We recognize that each person’s preferences are unique, and our comprehensive list is intended to assist you in determining which incentive is best for you.
All of the casinos listed below have met our checklist requirements and provide legitimate cashback offers with fair terms and conditions. List is updated in September, 2023.
- 30x playthrough bonuses
- Free play mode
- 500+ games
- Huge welcome bonus
- No live games
- No 24/7 support
- Generous bonuses
- Progressive jackpots
- 24/7 Customer support
- No phone support
- Few withdrawal methods
- Promotional offers are great
- Good image
- Downloading software
- Lots of payment methods
- Top-notch software providers
- Monthly withdrawal limit 15k
- Over 4000 slots
- Good vibes from interface
- 24/7 customer service
- Good reputation
- Withdrawal limit 7.5k/week
- Motivating VIP program
- Enormous selection of games
- Generous bonuses
- Withdrawal limits 15K eur per month
- Selection of games
- 24/7 customer support
- Fast withdrawals
- List of restricted countries long
- VIP Program
- Bonuses available to most
- WGS offers exceptional slot machine
- Weekly withdrawal limit is $2,000
- Fully Bitcoin casino
- No ID & KYC verification processes
- Lightning fast withdrawals
- Not many bonuses (due anonymity of users)
- No VIP program for loyal users
- Instant withdrawals
- Community feeling while playing
- Rebate on losses
- Highroller-friendly, big limits
- Some of the slots are lagging
The Functionality of Cashback Bonuses
Cashback bonuses are incentives offered to players by casinos, typically in the context of online slot games. Such bonuses often take the form of a percentage or total amount match for each wager made by the player. The basic principle underlying these bonuses is to provide players with a portion of their lost bets back, subject to certain limits. For example, a cashback bonus might offer a 15% cashback rate, up to a maximum of $650, meaning that the maximum amount that a player can receive from the casino is $650, irrespective of the amount wagered.
In some cases, cashback bonuses are limited to a certain amount, rather than a percentage of the bets made. In such instances, the player can receive a maximum amount, regardless of how much they play. It is essential to be aware of any such limits before taking advantage of a cashback bonus. This information can usually be found in the terms and conditions of the offer.
The key difference between cashback bonuses and other types of casino bonuses lies in the eligibility requirements. Unlike other bonuses that reward players for signing up or making initial deposits, cashback bonuses reward loyal customers and offer a measure of consolation in case they suffer losses. Moreover, cashback bonuses usually do not carry any wagering requirements since the player has already used their own funds to place bets.
Different Varieties of Cashback Bonuses
- VIP Cashback – Online casinos often offer VIP schemes as a top incentive to retain loyal players, who can earn various benefits upon becoming VIP members. Typically, one such benefit is the provision of enhanced cashback offers exclusive to VIP members.
- Unsuccessful Wagers or Slot Spins – By triggering a cashback bonus for unsuccessful wagers or slot spins, the casino gathers information on all the lost bets or spins made by the player and compensates a percentage of that total amount at the conclusion of the cashback period.
- On All Losses – By opting for a cashback bonus on total losses, you receive a percentage of your overall net losses, irrespective of the games you played. Such offers are relatively uncommon, as cashback bonuses are typically linked to specific games.
- Daily Cashback – Of all cashback bonuses, the most widespread are the daily ones. Upon activating a daily cashback offer, your net losses are calculated at the end of each day, allowing you a specified timeframe to utilize them before they expire.
- Weekly Cashback – Weekly cashback bonuses span a duration of seven days, during which time the player incurs net losses. Upon satisfying the requisite wagering conditions, the casino will credit a portion of the lost funds to the player’s account.
- Monthly Cashback – Monthly cashback bonuses span an entire month, after which the player is awarded a predetermined percentage of their net losses. Such bonuses can result in substantial earnings, particularly for frequent players. Additionally, the fact that the bonus is earned passively increases the excitement when it is received at the end of the month.
Wagering Requirements for Cashback Bonuses
Cashback bonuses are distinct from other forms of bonuses in that they are offered to players after they have already placed bets with the casino. As such, in most cases, there are no associated wagering requirements, as it would be inequitable to impose such requirements on bonus funds intended to compensate players for their losses.
It is important to note, however, that cashback bonuses typically have a maximum cap, which represents the highest amount a player can receive as part of the promotion.
To ensure that the casino offering cashback bonuses is reputable and trustworthy, it is advisable to verify whether they possess a valid license from reputable regulatory bodies such as the Maltese MGA, UKGC, Kahnawake Gambling Commission, and others.
Casino Cashback Bonuses FAQ:
Legitimacy of Cashback Bonuses – please explain. Are they legal?
Cashback bonuses are legally permissible when playing at a reputable, licensed online casino. Nevertheless, it is imperative to ensure that the casino allows players from your country and whether the bonus promotions are permitted. Some jurisdictions may prohibit players from benefiting from such offers. Therefore, it is essential to stay informed about local laws before activating a bonus and to review the specific terms and conditions of both the bonus and casino.
What is the typical percentage for cashback bonuses?
The percentage offered for cashback bonuses can vary significantly depending on the online casino and the specific promotion. However, the typical percentage for cashback bonuses is between 8% to 20%. Some promotions may offer a higher percentage, while others may provide a lower one. It is always recommended to review the terms and conditions of the specific cashback bonus to understand the exact percentage offered and any other applicable conditions.
How does a cashback bonus differ from a welcome bonus?
While welcome bonuses are intended to entice new players to sign up to a website, they do not provide incentives for existing players. Cashback bonuses, on the other hand, are available to players who have already registered with the casino and serve as a reward for their loyalty to the site. As such, cashback bonuses can provide an incentive for players to remain with the casino for a more extended period.
What is the Reason Behind Online Casinos and Sportsbooks Offering Cashback Bonuses?
Most online gambling bonuses are designed to attract new customers, with the aim of getting them to register and start playing. However, cashback bonuses offered by gambling sites have a different goal: to encourage existing players to remain loyal. In this regard, we believe that cashback bonuses are highly effective. Having free money added to your account is a powerful incentive to stay put and continue playing, rather than seek entertainment elsewhere. It is worth noting that in the realm of online gambling, the customer holds the power, and reputable casinos understand this fact. As a result, the gambling sites that we recommend go the extra mile to enhance your experience and ensure that you stay with them.