I suppose a good place to start would be to explain what a casino cashback bonus is. From a casino’s point of view, they are clever as they encourage players to play more, but they are also very beneficial to players. Basically, the casino gives you a percentage of your losses back after a certain time period.
There are many different versions of a casino cashback promotion that come with different levels of strings attached. This is where I come in. Not every cashback casino is born equal, so we are going to go through the many different versions below and separate the good, the bad, and the ugly.
We will use the golden ticket of cashback promotions as an example of what you can get. This is the promotion on all losses. Normally, this runs from Monday to Sunday, and the casino will give you back a percentage of your net losses, say 5% - 10%. This covers everything you play in the casino.
The vast majority of times a casino cashback bonus will be activated when you lose. There will be different versions of this but that's the main trigger. The odd casino will give you a cashback even when you win but it's rare.
Wagering Requirements
One of the more difficult things about writing about promotions in general is that I cannot be too specific. A good example of this is the wagering requirements for casino cashback bonuses. The vast majority do not have any wagering requirements and and can be considered as no-wagering bonuses. But I can't stress enough that you should read the terms and conditions before committing to anything.
Not to harp on about this, but every cashback casino will be different when it comes to what kind of bonus they offer. The below are the most popular bonus versions you are likely to come across. Remember to always give the terms and conditions a once over before diving in.
Cashback Welcome Bonus
Every online casino worth its salt is going to have a welcome bonus to attract players. These bonuses will always differ from casino to casino but they all generally have some combination of a matched deposit, free spins, and a cashback promotion.
You need to be very careful when choosing a cashback casino welcome offer. There are strings attached to it, so any wrong move may result in disqualification. Time limits, specific games, and deposit minimums are all factors that may need to be taken into account. However, finding the right offer can be great for your bankroll.
Let’s give an example to make it more digestible. Say, I sign up to a site and part of the welcome offer is 10% cashback for the first 24 hours with a minimum deposit of €20 and a maximum casino cashback bonus of €100. The offer stands for all games like live blackjack, and at the end of the 24 hours, my net losses are €200. That would mean I would get €20 back from the casino, which is a decent deal.
Daily Cashback Bonus
A daily cashback bonus is a sign of a casino that looks out for its players. I’m a big fan of these; as you know, no matter how bad a day you have, you’ll always get a bonus at the end of the day.
These bonuses will also have some strings attached, as you may have to bet a minimum amount to qualify and you might have a limited choice of games it applies to. I’m not too fussy about this as the offer is still a very good one.
An example of this bonus from cashback casinos could be like this: I get 5% of my losses back from real money slot games as long as I spend a minimum of €50. That would mean if I lost €100, I would have a €5 bonus waiting for me, likely at the start of the next day.
Weekly Cashback Bonus
Well, I think you know where we’re going with this one. A weekly casino cashback bonus is the exact same as a daily cashback bonus, except it's for a week. I personally look for these, as they are great value and a sign of a good cashback casino.
This bonus is very likely to be limited to specific games and have a maximum return. So, another reason to make sure you read the terms and conditions is that you don’t want to be stuck playing a game you don’t like to qualify for.
An example is if a cashback bonus casino offers 10% cashback with a maximum return of €200 on net losses on the Book of Dead slot game. You know what this means at this stage, you’ll get €20 back in your account if you lose €200 on the Book of Dead slot over the week.
Cashback on All Loses
Now, we get to the holy grail of offers. I’m going to immediately throw a wet blanket over your hopes, though I’m afraid. It's very rare for any casinos with cashback offers to include this one.
If you do find one, I will say sign up for that casino! As you will have guessed, a cashback on all bonuses means you will get a certain percentage of all your net losses on any game you play. As I said it's very rare and 99% of casino cashback offers will include some stipulations.
Cashback When You Win
This is also a rare promotion but one I’m quite fond of. I suppose it's a good promotion for gamers with a lot of confidence so that you can draw your own conclusions about me from that! It does exactly what it says on the tin: you get a bonus when you win.
There will almost certainly be some T&Cs to watch out for here like you will have to win a certain amount, play a certain game, or meet specific wagering requirements. If you go data, players tend to lose more than they win, so this type of casino cashback bonus may be appealing. But the cashback casino online that offers cashback on losses will likely be better for your bank balance.
Monthly Cashback
The biggest appeal about picking a cashback casino that offers monthly bonuses is how big that figure can be at the end of the month. If you tend to game every day you can really build up a big chunk to start the next month with.
Just like with daily and monthly cashback offers, there could be certain things to look out for here. For example, you can only get the bonus from playing one game, or you may have to bet quite a big amount to meet the minimum requirement. The fewer the requirements, the better this bonus is.
VIP Programme Cashback
Online casino cashback offers do not get much better than the ones most VIP programmes offer. As most cashback casinos require you to already meet wagering requirements to get into a VIP programme, it means you likely won’t have to worry about that for this bonus.
The bonuses themselves will have your mouth watering as they are normally much more substantial than regular offers. Some VIP Programmes will even offer 50% cashback to their most loyal players. One of the only strings that may be attached to these offers is the number of games may be limited.