There is an evergrowing number of casinos that offer players cashback bonuses. It is clear that this old trend is making a strong comeback which we applaud. We will present you with all the best cashback offers from hundreds of casinos! Our list is updated weekly with the latest cashbacks. Keep reading and learn more about what cashback bonuses are and how to get them.
The whole concept of this sort of reward method is actually pretty simple if you just take a second and think about the words “cash” and “back”, which quite directly indicates that you are getting back your spent cash. This is definitely not a new invention since credit card companies followed by major airlines started using cashback campaigns as early as in the 1980’s in pursuit of new customers and greater customer loyalty.
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What Is a Cashback Bonus?
Cashback bonus is a special tool that online casinos use to ease the pain of a losing streak. Instead of receiving a deposit bonus (that usually comes with big wagering requirements, you get a pre-determined return for your net losses.
Like we mentioned before, this idea is as old as time. For example people using credit cards could get up to 5% cashbacks reimbursed based on their monthly card bill. And airlines rapidly developed these offers even further in form of loyalty points or miles that one does get for every dollar spent etc. All in all, each one of these systems is based on the same rationale that a certain percentage of customers expenditure is compensated back to the person.
When we are taking this concept back to online casinos, it is basically a marketing method for them to attract new players, reward loyal customers or activate old gambler by giving special treats. Usually the cashback is around 10%-20% from either your wagering or net losses meaning you’d get one fifth back of your placed bets or lost money. For example if you’d have a 20% cashback based on your wagering and you’d played with $100, there would be a $20 cashback coming back into your account. The best thing is that usually these promotions don’t have wagering requirements as we’re really talking about cash here.
How Cashback Works?
When you start playing at an online casino by depositing your own money and you’re given a cashback, you’re basically compensated a certain amount of your losses or wagered money back. This always applies on real money as bonus money bets do not count towards cashback returns. It can be calculated based on a single day, a week or a month for example and you’d get the percentage of your money back you spent during the time frame. The best offer would be the daily cashback as you’d be able to take advantage of single losing days as next day winnings won’t affect your compensation.
It is often that the cashback is credited back to you in real cash the day after the calculated period is over and you can do whatever you wish with your money. You can continue playing your favourite games or withdraw your money instantly. However one should always, always and alwayd read the terms and conditions of the cashback so that there are no unpleasant surprises as some offers might have wagering requirements or other limitations.
Should I Use Cashbacks?
Cashback is definitely one of the best forms of casino bonuses many online operators offer nowadays. One of the main reasons is that commonly these offers do not have any wagering requirements or other major limitations. After you have gotten your money back you can always continue playing from a clean slate with no strings attached or there is the possibility to withdraw it and maybe try a new casino and take advantage of their bonus.
So there is direct financial benefit from cashbacks but it also means that your risks are lower as the house advantage is cut smaller since they are returning your money back even when you lose or win. If you would play without the cashback, your losses are inevitably faster and higher. Because the terms are generally more in the players’ favor you should always take advantage of them if you’re going to play anyway as they do not bind you to anything but cut down your losses significantly and you can win as much as without the offer. There’s nothing lose when you use cashbacks if you compare to more common deposit bonuses for example.
How Do I Get a Cashback?
Come and check this list every now and then as we are updating this page constantly with the best and latest cashback offers at all online casinos in the world. You can get a cashback daily, weekly or monthly as we stated previously so pick one you like, go through the details and claim the offer if you deem it worthy. These bonuses are not just a privilege for highrollers or VIP’s as many online casino gives these offers to all and every customer no matter the size of your bets.
Best Cashback Bonus
The most attractive cashbacks are the ones with shorter periods, in other words daily cashbacks with highest return percentage and lowest or no wagering requirements. It is also desirable that there is no maximum payout limit for the cashback as there are some with a fixed payment cap and some that have no limits.
Maybe the best cashback at the moment is Livecasino.com’s offer where you’ll get pretty exciting 25% cashback without any wagering requirements and the amount of compensation is calculated based on your bets placed, not the amount you have lost. So let’s say that you would have wagered $200 in slots or table games meaning your cashback would then be as high as $50 for example.
Cashbacks on Every Spin
New emerging trend has amazed players lately is the automated cashback some casinos give their customers for every single spin they play. One of the hottest new casinos Fortune Legends has launched their ground-breaking concept called the Vault. Players are collecting 0,5% from their bets every single time into their personal Vault, which can be opened and emptied anytime the customer wants. All you have to do is just click the collect button and you can get every cent from your Vault in cash that can be withdrawn instantly or played with as real money without any wagering requirements. The best thing is that you collect your cashback every single time you place a bet and even when you win. And every week there is a changing featured slot that awards you with 1,00% Vault Boost on every spin. It really doesn’t get better than this.
Another similar rewards program is currently running at Piggy Bang online casino where players are awarded from 0,05% and up to 0,55% cashback in to their piggy bank from every spin they make. In general the slots and games with higher RTP are contributing less to your piggy bank balance. This loyalty scheme is available for every player at Piggy Bang Casino and is automated just like at Fortune Legends.
Cashback Bonuses - FAQ
What Does a Cashback Bonus Mean?
Cashback bonus is a refund that casinos offer to players in case of a losing streak. It can be either wager free cash or bonus money depending on the casino. It is often a percentage of the amount that is lost.
How Much Cashbacks Can I Get?
It depends on the casino. We’ve seen amounts up to thousands of euros and percentages as high as 25%. The amount of course varies based on the amount you lose. Some casino also give cashbacks no matter the result and the refund can be up to 5%.
Do I Need to Wager a Cashback Bonus?
Often the cashback is given as bonus money which means that normal wager requirements apply. We’ve also seen wager-free cashbacks which means you can withdraw the bonus immediately. Make sure to check the terms and conditions of the offer in question.
Where Can I Get Refund Bonuses?
Especially Pay N Play Casinos are handing out cashback bonuses instead of deposit bonuses. You can find a full list of online casinos with cashback offers at list.casino