Cashback Bonus Offers for Canadian Players in 2020
Takeaways: In this article, you will learn everything you need to know about cashback bonuses, as well as get the instructions on how to use them and where to find the best ones.
The article below will cover some of the main things about cashback promotions, such as:
Cashback bonuses are some of the most commonly seen promotions on online casino sites. They offer you a chance to win some of your net losses back and make the most of your bad luck.
Today, there are plenty of online casinos that have cashback bonuses on their list of promotions. These bonuses are very popular among the players, as they represent a kind of insurance against losing. There are all kinds of cashback promotions you can take advantage of on online casino sites, and in this article, you will learn everything there is to know about them.
This guide will also teach you how to claim cashback bonuses and get the most out of them. We will also discuss what to be aware of when using these promotions, like time limitations, wagering requirements, and other conditions.
This extensive guide should be read by everyone serious about gambling online, as it will give them a big advantage over clueless beginner players. Read on!
What Are Cashback Bonuses?
We all create online casino accounts dreaming that we will become rich overnight. However, the reality is a cruel mistress sometimes and we don’t always get what we want. It’s not a secret that the majority of players who gamble online end up losing.
Sometimes, those losses can be insignificant, while other times, you can be out of your entire bankroll in minutes. This can be a result of bad luck, bad strategy, or both. Whatever the case, the money’s gone and there’s nothing you can do about it.
If only there was a way to win a certain percentage of that money back. Well, with a cashback bonus, that’s exactly what happens.
Cashback is not a system that was invented by the casino industry. Businesses around the world have come up with this scheme to give their customers the upper hand and incentivize them to come back or keep using their service.
Having an opportunity to win back some of your lost money is reassuring, and although the cashback amount is rather small compared to the entire sum, it’s still better than ending up with nothing. The system works pretty much the same in the casino industry, and it’s especially popular among gamblers.
A cashback bonus is an online casino bonus that allows you to earn back a percentage of your losses. The bonus is paid out once you lose money over a certain period. Of course, the bonus is paid out in real money and you can use it again to play games on the site.
Although not all casino sites offer cashback bonuses, the majority of them do. They can sometimes be part of the casino’s welcome package. In other cases, this promotion is reserved for recurring players and is offered once a week or once a month.
Should You Claim a Cashback Bonus?
No casino is going to force this kind of promotion on you. Whether you use it or not is entirely up to you. However, there are no real reasons why you shouldn’t claim this type of offer since it comes with no risks whatsoever. You are going to gamble with your real money either way, so you might as well use this promotion to soften the blow a little bit.
Cashbacks are usually deposited automatically into your account once you’ve been on the casino site long enough. In other cases, the cashback offer will become unlocked after you’ve made a deposit or used the casino’s welcome package.
How Do Cashback Bonuses Work?
If you’re new to casino sites and don’t know the first thing about bonuses, don’t worry — we are here to explain it to you from scratch. A cashback bonus is released to you by the casino once you’ve met the requirements necessary to unlock it.
The casino will send you a notification that your bonus funds have been resealed and that you can start using them. To claim the bonus, you should simply go to the site’s Cashier page and navigate to the Bonus section.
As we’ve discussed earlier, this kind of promotion can often be time-related, meaning you will get your bonus funds after spending a certain amount of time on the site (usually a week or month). In other cases, cashback offers can relate to specific casino games, usually video slots.
Here are some scenarios that will help you understand how cashback bonuses work in online casinos.
An operator offers you a 10% cashback casino bonus to use on their most popular slot games. You play the games using $200 and you lose all of it. After you’ve lost, the casino will reimburse you with 10% of your total losses. In this case, that’s $20. You can now play any games on the website with the money that was given back to you.
Imagine the same scenario as in the first example, but this time you were lucky enough to win and double your money. You now have a total of $400 in your account. Since there are no losses, the casino will not give you any cash back.
The cashback promotion consists of 20% of your losses but only up to $50. The symbols weren’t falling into the right places and you’ve lost $500 for the day. Now, 20% of $500 is $100. However, since the offer is capped at $50, that’s the maximum amount you can get back.
Cashback Bonuses for VIP Players
Certain casinos have VIP programs reserved for their most loyal players. These programs are constructed in such a way that players collect casino points in a multi-tier ladder scheme that allows them to reach higher levels in that casino.
The higher the level, the more benefits a player can enjoy. Some casinos have two or three levels, while others are a bit more elaborate and have up to 10 levels. In any case, the concept is always the same — the more time and money you spend playing, the faster you will move up the ladder.
Cashbacks are often tied to these VIP loyalty schemes. Naturally, higher levels allow for bigger and more beneficial cashback opportunities. For example, the first level on a given casino website will grant you a 5% cashback bonus.
However, when you move to level 5, your bonuses will be worth 20% of your net losses. If you’re dedicated enough to reach the highest level, you can enjoy cashback promotions of up to 50% or more. Of course, these are only examples; different casino sites have different bonuses.
In any case, VIP programs represent a way for a casino to reward your loyalty. If you’re a regular customer on the website, you should have more advantages than a fist-time player.
Unfortunately, not all casinos have these programs. So if you want to be treated with more respect and enjoy long-term casino benefits, join a website that will allow you to become a VIP member.
Cashback Promotions and Wagering Requirements
If you’ve spent some time playing casino games and using casino bonuses, you might have noticed that a lot of them mention wagering requirements (or rollover requirements) on their list of terms and conditions. You might be asking yourself: What are wagering requirements?
Wagering requirements represent a number of times you need to play the bonus over in order for the bonus funds to become eligible for a withdrawal. Are you still confused? Let’s use some examples.
Let’s say that you made your first deposit using $500 and you are now eligible for a 100% welcome bonus, meaning you get $500 more to play with. Those $500 represent your deposit bonus and you can’t withdraw them yet.
Instead, you need to meet the wagering requirements and play that deposit bonus over several times, and only then can you request a cashout.
Wagering requirements for deposit bonuses are usually around 30x. So, in this case, you need to make bets worth a total of $15,000 before being allowed to withdraw anything. Of course, that doesn’t mean you need to make a profit of $15,000, but only to play bets that are worth that much.
Wagering requirements are not great and they can often nullify the bonus itself, making it only look rewarding on the surface. However, wagering requirements are very rare when it comes to cashback bonuses.
Since you need to lose money to get cash back, it counts as if you’d already met the wagering requirements. Nevertheless, some casinos include wagering requirements in their cashback bonus. They can be between 1x and 10x, but most of them only require you to play the bonus over once before you can request a withdrawal.
Naturally, you should always choose casino operators that have no wagering requirements tied to their cashback promotions. These details will be listed in the bonus’s terms and conditions, so make sure to always read them carefully before committing.
Cashback Bonus and Welcome Bonus
Cashbacks can sometimes be part of the casino’s larger welcome package that rewards all new players on the website. Once you make your first deposit and use the bonus code, you will get a certain amount of bonus money from the casino. Some generous casino sites may also throw in several other promotions for their new players, like free spins, reload bonuses, or cashback bonuses.
All cashback bonuses that are part of the welcome package work the same as the standalone promotion. You earn a percentage of your losses back and you get to continue playing.
However, in order to unlock this bonus, you must first claim the welcome deposit bonus. This involves you making a predetermined minimum deposit and (potentially) using a specific bonus code. When you try to make the most of your welcome promotion but fail to win any money, cashback is there to soften the blow.
Cashback Bonuses Compared to Other Promotions
Cashbacks are a special kind of promotion that can’t easily be compared to other bonuses. Most other promotions reward players once they make a deposit on a website, while cashbacks only become available once a player loses all of their deposited money.
Nevertheless, let’s take a look at how cashbacks fare against other bonus types and whether they can be considered the best casino bonuses.
Cashbacks vs Match Bonuses
Welcome bonuses usually come in the form of match bonuses — the most common form of casino promotions. If a casino claims that it will give you 200% on your minimum deposit of $20, that means you will be rewarded with a bonus amount of $40 once that deposit goes through.
These promotions almost always have a higher bonus amount compared to cashbacks, but they also come with much higher wagering requirements.
Cashbacks vs Deposit Free Spins
Deposit free spins are promotions that relate specifically to video slots. With these offers, players get to spin the reels of their favourite video slots for a certain amount of time without having to place a wager.
Of course, all of the winnings are subjected to wagering requirements, so being able to cash out after using free spins is more difficult than it seems.
Cashbacks vs No Deposit Bonuses
No deposit promotions are truly risk-free. By claiming them, you get a certain bonus amount without even making a deposit. Many casinos offer no deposit promotions, but almost all of them set unreasonably high wagering requirements.
Even though these bonuses don’t cost you a dime, getting anything out of them is extremely difficult. However, they can still be better than cashbacks since they don’t involve any real-money losses.
Cashbacks vs Reload Bonuses
Cashbacks vs Top-Ups
Top-up is the exact opposite of a cashback bonus. Instead of rewarding you for losing all of your money, it throws in something extra on top of your total winnings. Just like cashbacks, top-up promotions give you a certain percentage of the total amount, usually between 5% and 10%.
How to Claim and Use Cashback Bonus: Step-by-Step Guide
Claiming any kind of casino bonus is relatively easy. You just need to follow a few simple steps and you’ll be able to start using your bonus almost immediately.
If you’re a beginner player who still hasn’t made a casino account, here is what you need to do in order to start playing using a cashback offer.
Step 1: Choose a Casino Operator
This is one of the most important steps when starting to gamble online. There are plenty of casino operators that offer cashback promotions to their players, but not all of them are good.
You also need to pay attention to the number of games the bonus relates to, bonus’s terms and conditions, the quality of other promotions, and more. Sometimes you should make a compromise and choose a website that has a lower cashback bonus but offers more in terms of other features.
Also, pay attention to the casino’s security levels and whether it has a proper licence. To be sure you’re playing on a safe casino website, check out our site and find the best online casinos on the web.
Step 2: Create an Account
The process of making a casino account takes just a few minutes. Register by clicking on the Sign Up button (could also be Register or Join) and fill out the simple registration form. You will need to provide the casino with your personal details, including your full name, date of birth, residential address, and potentially some banking information.
Once you’re done, the casino will send you an email saying that your account has been activated.
Step 3: Claim the Bonus
The process of claiming the bonus can vary depending on the website. In some casinos, you will need to claim the bonus by checking the bonus box during your registration, but sometimes you can claim it on the Cashier page once your account has been made.
In any case, just follow the instructions on the website or contact the casino’s customer support team and ask how to claim the bonus. In some cases, you will also need to use a bonus code.
Step 4: Start Playing
You can now start playing and the bonus funds will be waiting for you if you lose. Again, you should read the bonus’s full terms and conditions to see whether the bonus relates to all casino games or just a few of them. Some casino websites offer cashbacks for specific games, usually video slots they’re currently promoting.
Step 5: Use the Bonus
You gave it your best shot but it wasn’t your lucky day (or week). Once you keep losing money over a certain period, the cashback bonus will be released to you. You can use it to get some of your money back and try to make a profit.
Again, check the bonus’s terms and conditions and see if there are any wagering requirements or time limitations related to the bonus.
Step 6: Cash Out
If you made the most of your offer and want to withdraw some cash from the casino, you can do that on the Cashier page. Choose your cashout method and type in the amount you wish to withdraw.
Once the casino processes your cashout request, you’ll be able to pick up your winnings in a few days, depending on the method you chose.
Common Cashback Bonus Terms and Conditions
A cashback offer can be full of hidden terms and conditions you need to think of when using the bonus. To find the full list of terms and conditions that relate to the bonus, go to the website’s Promotions page, find the bonus, and click on it to see more details. In this part of the article, we will discuss the most common terms and conditions that relate to cashback bonuses.
We already talked about wagering requirements earlier in this article, but we can’t stress enough how important this bonus condition is. After you’ve received the cashback, you will sometimes be required to play the bonus amount over a few times before being allowed to cash out. Luckily, rollover requirements for cashbacks are rare, and when they do exist, they are usually lower than 10x.
Almost all bonuses have a time frame in which you are allowed to use them. This can be a day, a week, a month, or more. Use your bonus in time so you can get the most out of it. If you miss the deadline, the bonus amount will become void and you won’t be able to use it anymore or cash out your current winnings.
The best cashbacks are the ones that allow you to use them on any number of games on a casino website. This way you can play your favourite games, whether they include slots, video poker, live casino games, etc.
However, some casinos restrict you, allowing you to use the bonus on only one or a few of their games. You will often see that the cashback promotion only relates to a specific video slot the casino promotes.
If the cashback promotion is part of the welcome package for new players, you will need to make a minimum deposit in order to unlock it. Once you receive the deposit bonus, you won’t need to deposit again before you use it. Also, some casinos don’t allow you to redeem bonuses if you used a certain deposit method, so be careful about that.
Depending on where you live, you might find that some casino bonuses are out of your reach. There are numerous legal reasons as to why geographical bonus restrictions exist, but we won’t get into that right now. Just carefully read the terms and conditions and see whether your country or territory is blacklisted.
How to Find Best Cashback Bonuses?
Cashbacks can be pretty similar to one another. They are usually paid out on a weekly or monthly basis and let you get back around 10% of your net losses. However, some cashbacks are better than others.
The amount of bonus money you can potentially get is what you should be concerned about the most. Naturally, the higher the percentage of the bonus, the better. However, you should watch out for bonus limits. For example, some casinos might offer you a 25% cashback but only up to $50. So if you lose $1000, you will still only get $50 instead of $250 (25% of $1000), which is, in reality, just 5% of your losses.
As we’ve mentioned a few times before, look for cashbacks that are not tied to any wagering requirements. If the rollover is only 1x or 2x, that would be considered acceptable, but anything above that is simply not worth it.
Most casino websites offer cashbacks once a week. The promotions can be redeemed on certain days of the week or are automatically given to you every seven days. However, there are a few casino operators that offer daily cashback opportunities. If you consider yourself a high roller and you play big every day, search for such daily promotions.
On the other hand, some websites give monthly cashbacks, which might not seem that exciting at first, but they count all your losses over the last 30 days, which can amount to a pretty big sum.
If you stick to our website, you will be able to find the most rewarding cashback casino sites on the web. Our team of experts works day and night, searching the Internet and using their gambling experience to create lists of the best casinos for you.
Moreover, we regularly update our list of top-rated casinos, so you can be sure that the bonus information we display is correct and up to date.
Things to Consider When Joining Cashback Casino Sites
Great cashbacks shouldn’t be pursued by all means necessary. You also need to pay attention to the casino sites that offer them. In other words, the casino website is equally important (if not more) as the cashback bonus itself.
With that in mind, we are now going to list a few things worth considering when joining a casino operator for their cashback promotions.
Safety is the number one priority when gambling on the Internet. Your information and cash should be safe at all times. How can players know if a casino website is secure?
Well, first, you should find whether the website is licensed by a proper gambling jurisdiction (e.g. the UKGC, MGA, Curacao, etc.). The licence information, together with the licence number, should be displayed somewhere on the site’s homepage or in the Terms and Conditions section.
Next, see what kind of encryption technology the website uses and whether it’s modern enough to protect your money and information. Alternatively, you can read reviews written by other players to see if they had any safety issues with the website in question.
Cashbacks are not the only promotions you should be searching for when it comes to online gambling. Each website should have several rewarding promotions to be considered worthy of your time and money.
Check the amount of the deposit bonus and see if any other offer is available, like free spins, no deposit bonus, reload bonus, etc. How big are the bonus funds? What terms and conditions are tied to them? Can you unlock the bonus money easily? Ask yourself these questions before signing up.
The heart of every casino operator is its library of real-money games. Before you sign up, you should see what kinds of games are available and how many of them there are. The majority of games on almost every website are video slots. There could be hundreds of different slots to choose from, although quality always beats quantity, so try to find casino sites that include games from reputable software providers.
Cashbacks are usually tied to video slots, but they can be used for playing some other games as well, like blackjack, baccarat, roulette, video poker, bingo, or live casino games.
Making your first deposit by using a reliable, convenient, and speedy payment method is what all players hope to experience upon entering a casino website. The list of deposit and withdrawal methods should include all popular options like credit and debit cards, e-wallets, prepaid cards, cryptocurrencies, gift cards, bank wire transfers, cheques, and more.
The fees should be minimal or non-existent, and the limits should be acceptable. Pending times are some of the most annoying things about casino websites, but they are simply unavoidable. The best you can hope for is to find a casino that offers speedy deposits and withdrawal pending times of under 48 hours.
Almost all beginner players have a lot of questions about cashbacks and other promotions when they join a casino website. All those questions should be answered by a friendly, professional, and responsive customer support team. For swift and easy communication, a casino should have a 24/7 live chat, on top of some other modes of communication like email and telephone.
Which Games to Play While Using Cashback Bonuses?
Regardless of the games you choose to play, it’s likely you’re going to lose in most cases. All gambling games are designed in such a way that the house has the edge. In other words, the casino always has a higher statistical probability to come out on top.
Now, that doesn’t mean you won’t win sometimes, but you should always prepare for the worst.
You should know that some games are more generous than others. The RTP (Return to Player) percentage can be over 99% for certain games. However, the purpose of cashback bonuses is to give you a second chance, so they’re not exactly designed for low-risk games. Instead, cashbacks work best when you play high-risk high-reward types of games. If you win, you can become rich, but if you lose, you’ll at least get something back and can try again.
It all depends on the casino, but cashbacks often won’t be available for all games on the website. Instead, the operator will allow the use of the offer only for certain titles or game types. Without further ado, here are some of the most common games you can play while using cashbacks.
Slots are the most popular online gambling games by far, and it comes as no surprise that casino websites tie most of their promotions to video slot titles. Slots are characterized by fast-paced gameplay, meaning that your bankroll can dwindle to zero faster than you can say “jackpot”.
If and when that happens, cashbacks will represent a perfect recovery and a chance to get luckier the second time around. More often than not, the casino will offer a cashback bonus for only one slot game, usually a new title the operator wants to promote.
Table and Card Games
Apart from slots, cashbacks can also be claimed while playing different table and card games, like roulette, blackjack, baccarat, casino poker, and others. Some of these games are completely luck-based, while others involve a little bit of skill and strategy.
Blackjack is a game with the highest RTP out of all casino games, while roulette and baccarat require a lot of luck for beating the house.
Some gambling sites allow you to use the offer on these games as well. If there are any wagering requirements, however, these games might not count fully toward meeting them.
Video poker is sometimes part of cashbacks and other casino bonus offers. The game comes in several variations, the most common one being Jacks or Better. Although it’s more luck-based than regular poker you can play against other players, this computerized version of the game still requires some skill. There are numerous strategies you can use to play video poker effectively and lower the house edge, but that’s a subject for another article.
Live Casino (Live Dealer)
Live dealer games allow players to enjoy their favourite casino games through the power of live streaming. The games are recorded in real time and are run by professional dealers who interact with the games’ elements, while the players make their moves using a digital interface.
Unfortunately, cashbacks are not usually connected to live dealer games. Live casino promotions are rare in general, but you might find a few if you visit the right websites.
Cashbacks can be offered for some specialty games as well, like bingo, keno, different kinds of lotteries, and virtual scratchcards. These games don’t always fully contribute to meeting the wagering requirements of the offer, so read the terms and conditions carefully before playing them.
In conclusion, we can say that cashbacks are worth the trouble. They don’t require any deposits, as they just represent insurance against your losses. There’s no worse feeling than losing your entire balance, but cashbacks are there to compensate you with a little bit of cash. These offers usually don’t require any bonus codes and players can unlock them relatively easily.
We hope that this article gave you enough information about cashback bonuses and that you can start using them the right way. Don’t forget to pick the right casino operator to play your favourite games on. Our website is full of extensive reviews about casino operators and their bonus offers, so feel free to browse our platform and find something you’re interested in.
If you have any questions, refer to the FAQ section below this article and try to find your answers there. Of course, you can always leave a comment or contact us directly by sending an email.
Frequently Asked Questions
You don’t need to do anything specifically to claim this offer. Simply play the games and if you lose, the casino will give you back a percentage of your total losses. Cashbacks can sometimes be part of the welcome bonus. In that case, you’ll need to make a predetermined minimum deposit first to unlock the offer.
Unfortunately, not all gambling websites offer this casino bonus. Of course, that doesn’t mean this promotion is rare. Some of the most reputable operators offer cashbacks on a daily, weekly, or monthly basis, so finding this offer will not be difficult.
Cashbacks are almost never bigger than one-quarter of your total losses. They are usually between 5% and 25% (most of them are 10%). The total cash you can win with this bonus can sometimes be capped at $50 or $100.
All new players are eligible to use cashback promotions unless otherwise stated in the casino’s terms and conditions.
This is another thing that’s up to the casino to decide. Most operators won’t allow you to use two promotions at the same time. Read the bonus’s terms and conditions to learn more.
Most cashback bonuses don’t have any wagering requirements. If you do encounter any, they will usually be between 1x and 10x.