Author: Olivia Brown | Edited By: Joe Clark
Last Updated: January 7, 2025
What Are Cashback Bonuses?
In cashback bonuses, a portion of your wagered money is returned to you. It operates on the principle of giving players a percentage of their net losses back over a specified period.
Unlike traditional bonuses that reward wins or initial deposits, Cashback Bonuses offer a form of consolation for those moments when luck may not be on your side.
Some online casinos offer exclusive cashback bonuses for loyal players or VIP members. For example, some casinos provide a 30% cashback every Monday for VIPs, while others offer a tiered system where cashback rates can reach up to 50% for top-tier members.
Pros
- Reduced Losses: Cashback bonuses help soften the impact of losses by returning a portion of your lost bets. For example, if you lose $100 and the cashback is 20%, you get $20 back.
- Extended Playtime: With the refunded amount, you can keep playing without making another deposit, giving you more value for your money.
- Low or No Wagering Requirements: Many cashback bonuses have minimal or no wagering requirements, meaning you can immediately withdraw the cashback as real money.
- Easy to Claim: These bonuses are generally simple to understand and activate, making them accessible even for beginners.
Cons
- Game Restrictions: Cashback bonuses are often limited to specific games, like slots, which may not suit players who prefer other games.
- Limited Availability: Not all online casinos offer cashback bonuses
- Capped Amounts: There’s usually a maximum limit on the cashback you can receive, which could be disappointing for high rollers.
- Timing Constraints: Some cashback offers are only available on certain days or during promotional periods, so you might miss out if you don’t play within these windows.
Best Cashback Bonuses
25% cashback – Monday to Wednesday
35% cashback – Thursday to Sunday
Balance less than $10 are eligible for a cashback
25% cashback up to $300
10% weekly rebate bonus
35% cashback – Thursday to Sunday
20% cashback bonus on Mondays
25% cashback up to $300
How Do Cashback Bonuses Work?
Cashback bonuses give you a percentage of your losses back in cash. For example, if a casino offers 10% cashback and loses $100, you’ll get $10 back.
The cashback percentage varies between different casinos and games. It usually have a 1x wagering requirement, meaning you must bet the amount once before withdrawing. But the good news is that cash is real money, so winnings are yours to keep!
Types of Cashback Bonuses
Understanding the different types of cashback bonuses—whether deposit-based, game-specific, or ongoing monthly rebates—can help you choose the best offers based on your gaming preferences. There’s likely a cashback bonus that suits your style.
Deposit Cashback Bonuses
Deposit cashback bonuses are offered to players as a percentage or fixed amount of their deposit amount. This type of bonus typically requires the player to make a qualifying deposit to receive the cashback.
Percentage-Based Deposit Cashback
Percentage-based deposit cashback bonuses reward players with a specific percentage of their deposit amount as bonus cash. For example, a casino may offer a 20% cashback bonus on all deposits made by a player, meaning you would receive a bonus of $20 for every $100 you deposit.
This type of bonus usually comes with wagering requirements, which means the player needs to wager the bonus amount a certain number of times before they can withdraw their winnings.
Fixed Deposit Cashback
Fixed deposit cashback bonuses provide players with a set amount, regardless of the deposit size. For instance, a casino might offer a $20 cashback bonus for a $100 deposit. This means that no matter how much the player deposits, they will receive $20 in bonus cash.
Similar to percentage-based cashback bonuses, fixed deposit cashback may come with wagering requirements that need to be met before cashing out winnings.
Loss Rebates
Some casinos offer cashback based on your net losses over a certain period, like a week or month. For example, if you lose $500 weekly, the casino may give you 10-30% of that back as a loss rebate.
The rebate is usually paid back to your account within a few days. Loss rebates typically have low or no wagering requirements.
All Losses Cashback
It’s a rare type that covers losses across all games, giving you a percentage back regardless of what you play.
Monthly Cashback
A percentage of your losses is returned at the start of each month, making it ideal for regular players who want a consistent return.
Short-Term Promotions
Limited-time offers that provide higher cashback rates during special events or specific periods, such as holiday promotions.
Game-Specific Cashback
Tied to specific games or genres, such as slots or themed games, allowing you to earn cashback while playing specific titles
Provider-Specific Cashback
Cashback earned on games from certain providers like Microgaming or NetEnt is perfect for fans of specific developers.
Converted Rebates
Cashback in non-cash forms like free spins, lottery tickets, or cryptocurrency, offering flexibility in how you use your rewards
Loyalty Programs
Loyalty or VIP programs reward players the more they play. As you move up VIP levels, you earn bigger and better perks like exclusive bonuses, faster cash outs, personal account managers, and higher cashback rates – up to 40-50% at the highest tiers.
The cashback you earn can be redeemed for cash or other rewards.
Progressive Cashback
The cashback percentage increases as you play more or move up in loyalty tiers, starting small but potentially reaching higher percentages.
Understanding Cashback Structures
Cashback programs offer different benefits. Deposit-based cashback gives a percentage back on deposits, like 10% on weekend deposits. Loss rebates return part of your net losses, such as 20% cashback on weekly losses.
VIP programs provide the highest rewards, sometimes up to 50% cashback with fewer restrictions. Choose the program that best suits your play style to maximize your rewards.
Cashback Offers by Time and Game Type
Many casinos tailor their cashback offers to specific times or games. For example, BitStarz provides 20% cashback on weekend deposits, while PlayCroco offers 40% daily cashback on slot games. At CryptoWild, you can get 35% cashback every Sunday, but only on table games.
These time-specific and game-focused offers allow you to maximize your cashback based on when and what you play.
Live Casino Cashback
Cashback focused on live dealer games like blackjack, roulette, or baccarat, offering value to those who enjoy live gaming.
The Importance of Reading Terms and Conditions
Understanding cashback bonuses’ terms and conditions (T&Cs) is crucial to avoid common pitfalls. Failing to read the T&Cs thoroughly can lead to surprises like high wagering requirements, game restrictions, or losing your bonus by withdrawing too early.
To protect your bonus, always check key details such as eligible games, time limits, and withdrawal conditions. By familiarizing yourself with these terms, you can avoid mistakes and maximize the benefits of your cashback bonus.
Cashback bonuses are a great incentive, but as with anything, there are terms and conditions you need to be aware of.
Who is eligible for cashback bonuses?
Most players with an account and a deposit are eligible, but eligibility can vary. VIP members may get better rates and fewer restrictions, while some bonuses are region-specific. Always check the terms for any limitations.
Wagering requirements
The main thing to check is the wagering requirement. This specifies how many times you must wager the bonus amount before you can withdraw any winnings. For example, a wagering requirement of 3x means if you get a $100 bonus, you need to bet $300 total before withdrawing money.
Managing wagering requirements is critical to maximizing cashback bonuses. Use a wagering requirement calculator to quickly determine how much you need to bet before withdrawing your bonus. These tools can typically be found on casino sites or online, helping you stay on top of your bonus obligations.
Game restrictions
Some bonuses restrict what games you can play to meet the wagering requirement. If it’s slots only, that’s usually fine since slots count 100% towards it. But watch out for bonuses that exclude table games, live dealer games, or jackpots – your options may be limited. The more games that count, the better.
Cashback Offers by Location
Cashback offers often vary by location. U.S. players might find exclusive 20% weekly rebates, while Canadian players could enjoy 25% cashback during local holidays. In the U.K., higher cashback rates may be available for popular games like slots. Always check if a cashback bonus applies to your region to maximize your rewards.
Time limits
Cashback bonuses often come with time limits and game restrictions. For example, ComicPlay requires you to meet wagering requirements within 7 days, or the bonus expires. Meanwhile, Jackpot Cash might limit cashback to specific games like slots. Always check the eligible games and be mindful of time limits to avoid losing your bonus.
Maximum bet
Some casinos will cap the maximum bet size while playing through a bonus. This is to prevent players from quickly meeting the wagering requirement by placing a few high-stakes bets. Maximum bets are usually a percentage of the bonus amount, like 20-50% of your bonus. Place smaller bets to ensure they count towards the requirement.
How to claim Cashback Bonuses?
Sign Up
Once you’re enrolled, start playing your favorite games like blackjack, slots, roulette, or poker. For every wager you place, a percentage of your losses will be earned back as cash.
Collect your Cashback
Cashback is usually paid out on a weekly, monthly, or quarterly basis, depending on the casino’s policy. Most will automatically credit the cash to your player account.
Use your Cashback
Your earned cashback amount should appear in your bonus balance. The cashback bonus typically must be used within a certain period, often 30 to 90 days, before it expires.
The best Cashback Bonus Casinos
The top casinos that meet our Cashback Bonus criteria are:
mBit Casino
mBitcasino offers a 50% cashback bonus of up to 0.5 BTC every week. To claim it, you need to deposit at least 0.01 BTC and wager it once. There’s no maximum bet and no time limit to meet the wagering requirement. The bonus money hits your account instantly and has a 1x wagering requirement before you can withdraw it.
Bitstarz
Bitstarz has been running a 20% cashback bonus on Mondays for years. All you must do is deposit and wager at least 0.0002 BTC on slots or table games. The cashback bonus comes with a 3x wagering requirement and no maximum bet. It’s paid out every Tuesday.
Wild Casino
For U.S. players, Wild Casino offers a 10% weekly rebate bonus. To claim it, you deposit at least $25 and wager it once on slots, blackjack, roulette, or video poker. The rebate bonus has a 1x wagering requirement with no time limit or maximum bet to meet it.
How We Select the Best Cashback Bonuses Casino Sites?
There are several factors we consider when determining which casino sites offer the top cashback bonuses:
Wagering requirements
The lower wagering requirement is always better here. We look for casinos with a wagering requirement of 10x the bonus amount or less. Anything higher means the chance of withdrawing money is small.
Eligible games
The best cashback bonuses allow you to play a wide range of games to meet the wagering requirement. We avoid any that restrict you to just slots or a limited selection. Being able to play table games, live dealer games, video poker, etc., gives you the best chance of coming out ahead.
Bonus percentage
Obviously, the higher the percentage of cashback, the better. The top casinos offer 10% or more. Some will give you tiered percentages, like 5% cashback for your first $500 in losses, 10% for the next $1000, and 15% for anything beyond that. We pick the casinos that offer the maximum cashback percentage.
Time limits
Most cashback bonuses have a time limit for meeting the wagering requirement, often 7 to 14 days. We look for at least a week or two, so you have enough time to play without feeling rushed. Some casinos provide the bonus cash upfront, so you can start using it right away. Others don’t credit it to your account until after the promotional period ends. We prefer getting the money sooner rather than later.
The Many Benefits of Cashback Bonuses
There are so many benefits to taking advantage of cashback bonuses at online casinos.
It’s free money
Typically, you’ll get a percentage of your net losses over a set period. So, even if you lose money overall, you’ll still get something back.
It reduces your risk
You can gamble more freely, knowing you’ll get a portion of your losses reimbursed. This allows you to try new games or make bigger bets than you normally would.
It adds value
Rather than free spins or matchup bonuses that require a lot of wagering, cashback has real monetary value. You can withdraw the amount or play with it again.
Common Mistakes to Avoid with Cashback Bonuses
When it comes to cashback bonuses, most players make a few common mistakes, which you’ll want to avoid.
Not Reading the Terms and Conditions
Cashback bonuses often come with playthrough requirements, time limits, and game restrictions that can seriously impact how much money you get back. Make sure you understand all the rules before you claim the bonus.
Claiming Too Many Bonuses at Once
It can be tempting to claim every cashback bonus you come across, but doing so will likely make it impossible to meet the playthrough for each one. Only claim what you can realistically achieve within the period allowed.
Not Keeping Records
Keep records of your wagers and wins for each game when playing with an active cashback bonus. Some casinos require you to contact support to claim your cashback, and you’ll need to provide evidence of what you’re owed. Screenshots, transaction records, and a written log can help ensure you get the full amount you’re entitled to.
Withdrawing Funds Too Soon
A common mistake is withdrawing funds before meeting the required playthrough for your cashback bonus. Any withdrawals made will likely void the bonus and forfeit the cashback. So, ensure any money you deposit stays in your account until you’ve met all the conditions.
How much can I get back?
Cashback amounts vary but typically range from 5-25% of your losses for the promotion period. The higher your player tier, the higher the cashback rate. Some casinos also offer boosted rates for playing certain games.
Do I have to opt in?
Yes, cashback promotions are opt-in bonuses. You’ll need to opt in via the promotions page on the casino website to be eligible. The terms will specify the opt-in deadline as well as the promotion start and end dates.
What games qualify?
Nearly all real money games qualify for cashback, except some live dealer tables and progressive jackpot slots. The specific terms will list any games that do not contribute. Playing various games, especially slots and table games, will maximize your cashback.
When do I get my money?
Cashback is paid out in increments, usually within 1-3 business days after the end of the promotion. The funds will be deposited directly into your real money balance, where you can withdraw or continue playing. Some casinos offer cashback as bonus funds with wagering requirements instead of real money.
What happens if I don’t meet the wagering requirements within the time limit?
If you don’t meet the wagering requirements in time, you’ll lose the cashback bonus and any related winnings. Always check the deadline and plan accordingly to avoid forfeiting your bonus.
Are all games eligible for cashback bonuses?
Not all games qualify for cashback. Some casinos limit it to slots, excluding table games or live dealer games. Always check the bonus terms for eligible games.
What are common mistakes to avoid with cashback bonuses?
Common mistakes include not reading the terms, missing wagering requirements, and withdrawing too early. Always understand the conditions to avoid losing your bonus.