Casino Cashback Bonuses: What Are They?

Think of cashback bonuses like an insurance for when you’re on a losing streak. Instead of giving you money when you start playing, casinos basically give their players cashback rewards when they lose. It is not quite as simple as it sounds, though, and you often have to play for a certain amount or with a higher stake to be eligible for cashback bonuses.

In most cases, these types of bonuses pay out when you have lost a certain amount within a set time frame, but some casinos also offer cashback bonuses on winnings. To simplify: Cashback bonuses reward players for their spendings, and gives you cash back so that you can continue playing your favourite games.

Beneficial Also for the Casino

You might wonder what’s in this for the casino, which is very simple and straightforward. Casinos don’t want their players to go elsewhere, especially now with so many online casinos out there, and an attractive bonus offer is a way for casinos to keep players interested and engaged.

Once you’ve checked out a few different casinos, you will notice that many offer cashback bonuses as an option when you sign up, usually as an option alongside a welcome bonus with wagering requirements.

At first glance, the welcome bonus can seem a lot more appealing as it often includes free spins and bonus money where your first deposit is doubled or even tripled (cash matching bonuses), but in the long run—cashback bonuses tend to give you more.

A Simple Concept

It is a very simple concept that pays off, and it is not unusual that casinos offer both cashback and welcome bonuses to their players as well. The exact rules for a cashback bonus depends on the casino and we encourage you to read any information provided on the website where you choose to sign up.

Cashback bonuses are a type of reward system that gives casino players a percentage of their money back. Many businesses offer their customers reward cards, and airlines will usually have bonus systems where you can get air miles to use for your next trip. Cashback bonuses follow the same rewards´ concept.

Most casino cashback bonuses are between 10% and 20% of what you lose, and the casino will then give back this amount weekly, bi-weekly or monthly. Some casinos automatically give you cashback bonuses while other casinos may require you to activate this bonus first.

A Growing Trend

The concept of cashback is not new, but the way it is used in the casino business has changed in recent years. Before, it was mostly offered to poker players and known to be a bonus for the casino poker selection only, but this is no longer the case.

Cashback bonuses have grown in popularity, causing casinos all over the world to make it a bonus available to all their players, regardless of preferred games. You can now get cashback regardless of whether you play poker, roulette, baccarat, slots, bingo or any other casino game! You just need to make sure to pick a casino with a good cashback offer.

It is likely that these types of bonuses will become even more popular in the future, as a result of the growing competition on the market. Every casino wants to offer their players something that makes them stay, and what better way to attract customers than to give them money back on their losses?

FAQ

Frequently Asked Questions About Cashback Casinos

How to Claim a Cashback Bonus?

Check with your casino to see if the cashback bonus is activated automatically, if you need a code (activate it manually) or if you need to contact support for activation.

Are Cashback Bonuses and Welcome Bonuses the Same?

No. Welcome bonuses are bonuses received upon registering for a casino, and cashback bonuses are something you get after having played for a while. Cashback bonuses give you money back on your losses.

Are There Instant Cashback Bonuses?

Most cashback bonuses are activated 24 hours after you fulfil the requirements to become eligible for cashback.

How to Find a Casino with Cashback Bonuses?

The best way to find a casino with cashback bonuses is to check out top online casinos available in your area. It is a popular type of bonus that is being offered by more and more casinos.

Are Cashback Bonuses Worth It?

Cashback bonuses are very beneficial to big spenders and frequent gamblers, but anyone can benefit from getting cash back when they play.

Do I need to have a casino account to get a cashback bonus?

Yes. Casino cashback bonuses are for those who are returning players and who have an account, and you need to create an account before you can get started and become eligible.

Do cashback bonuses require a deposit?

You can’t get a cashback bonus unless you have made a deposit. This is because cashback is just what the name indicates: Cash back on the money you’ve lost or spent.

Can you get a Cashback bonus at a Bitcoin casino?

Bitcoin and cryptocurrency is an increasingly popular payment method at online casinos, and yes, you can get cashback bonuses also when using crypto tokens.

How Cashback Bonuses Work

As previously mentioned, cashback bonuses are bonuses on your losses. Before you can (and should) start looking into bonuses, you need to face the fact that you are inevitably going to lose. How much? No one knows, but you will lose money at some point.

When you do, cashback bonuses are a great way to compensate some of your losses. While some casinos offer these to new players, it’s more common for them to be a reward angled towards players that are already registered.

For online casinos, it’s not just about getting people to sign up and start playing—it’s about keeping their players and keeping them happy. Bonuses make players want to come back instead of trying their luck at different casinos. The better the offers, the happier the clients, and happy clients lead to bigger financial gain for the casino.

Cashback Bonuses Outside the Casino Industry

It is not unusual to think that cashback bonuses were invented by the casino industry, and that you only get these bonuses when you gamble online. This, however, is incorrect, and many stores, companies and organisations offer their customers a cashback bonus on money spent. It has been proven to be good for business.

Examples are large chains with bonus point systems, the miles you collect when flying and multiple VIP bonus programs, and while they can sometimes work a little differently—the main principle is always the same.

Cashback Bonus

Two Different Cashback Bonuses

Cashback bonuses can be offered in two different ways, and while both have the same purpose and lead to the same gain, it is a good thing to know the differences so that you recognise them when you see them.

It is more common for casinos to have an upper limit on cashback bonuses, as they could otherwise end up having to pay out unreasonably big amounts to their most avid spenders. No matter how great a bonus offer sounds or how much it sounds like you would get out of it—the house is always looking to win in one way or the other.

Are Cashback Bonuses Real Money?

When it comes down to it, what you might want to know is whether cashback bonuses are real money. Can you withdraw it? All of these are valid questions and things you want to know before you commit to an online casino.You can find this out by checking out the rules and regulations of the casino where you are playing.

Some casinos will actually give you real cash! In these cases, the casino will deposit money into your casino account, and you will then be able to withdraw it right away. Many gamblers prefer these bonuses due to the lack of strings and restrictions, but it is worth keeping in mind that casinos don’t want to lose money.

As a result, it is not uncommon for cashback bonuses to be handed out as virtual money, which can only be used at that specific casino. In this scenario you both win! You get free cash to gamble with and the casino gets to keep you as a paying customer. Cashback bonuses can also be tied to a specific casino game or type of game.

Benefits with Real Money Cashback Bonuses

A great thing about cashback bonuses with no strings attached is that you can withdraw it without having to wait. It is real money you get back, and you can take it out and use it for whatever you want—online gambling or something else.

Real money cashback bonuses also mean you can take your winnings to a different casino if you want to try something new. The amount you get back is directly tied to how much money you gamble with, but it can be quite a nice amount if you are a frequent player!

Virtual Money Cashback Bonuses

Perhaps you automatically think that real and withdrawable money must be the best option, but this isn’t always true! There are multiple benefits that come with money that is tied to your casino account or to a game.

Think of it as a free practice opportunity! If you win then great—you didn’t spend anything, and if you don’t win then the money wasn’t taken from your wallet or bank account, so you didn’t really lose anything. Cashback gives you an opportunity to win big without dipping into your bank account and budget.

Money tied to the casino is also great for those who want to continue gambling. You won’t be tempted to withdraw your cashback bonus, and instead you’ll be able to continue playing your favorite game for several more rounds.

How Cashback Bonuses Affect Other Bonuses

Most casinos only allow you to use one bonus at a time. Sometimes you have the option to choose which bonus to activate, and other times you might only be given one option. If you are already using your welcome bonus or any other type of bonus offer issued by the casino, then you probably won’t be getting cashback until that bonus offer expires.

A contributing reason is that the casino will want to make a profit and not a financial loss, and it wouldn’t make sense for them to give you free money on another free gambling opportunity, such as a welcome bonus or free spins. Read the terms and conditions carefully before you start playing.

When asked to choose between two or more bonuses, you need to decide which bonus can give you the best value for your money. Depending on what you intend to play and the amounts you plan to deposit, one bonus could be more beneficial than another.

Can You Get a Cashback Bonus on Bonus Money?

If you have already used another bonus, such as a matching bonus where you might have doubled or tripled the amount you deposited, then you will only get cashback on your deposit, and not on the free money given to you by the casino.

It is highly unlikely that any casino will allow you to claim cashback rewards on bonus money or even money won with your bonus money, and this is something to take into consideration when gambling and when accepting a cashback offer. Double check with your casino’s customer service if unsure.

VIP Levels

Some casinos increase their cashback amounts when you reach a new VIP level, which can be a motivator for gamblers, but also something that could potentially increase the risk of developing a gambling addiction. It is important to stick to your budget no matter the carrot a casino dangles in front of you.

Cashback Bonuses vs. Cash Matching Bonuses

To better understand how a cashback bonus works, we are going to compare it to another very common bonus offer—the cash matching bonus. When you sign up for a casino account, you are often offered a cash matching bonus as part of your welcome package.

Let’s say you deposit 1,000 INR into your casino account, and the casino offers you a 100% cash matching bonus. This means your 1,000 INR deposit will turn into 2,000 INR to play with—the double, but such a bonus comes with strings. Cash matching bonuses almost always have wagering requirements.

If the cash matching bonus in the above example has a x25 wagering requirement, that means you have to play for 25 times the amount you were given (in this case—25 x 1,000 = 25,000). Until the wagering requirements have been fulfilled, you won’t be able to withdraw any of your winnings generated by your bonus.

Cashback bonuses, on the other hand, don’t come with wagering requirements. They can be tied to a specific game or similar, but a real cashback bonus never has wagering requirements and is a lot closer to what its name indicates—getting real cash back on your financial losses.

Bitcoin and Cashback Bonuses

With Bitcoin becoming a more popular payment method, and Bitcoin casinos opening their doors almost daily, it is no surprise that cashback bonuses can be found also where Bitcoin is offered as a way to pay.

These types of bonuses work the same way as cashback bonuses elsewhere, but they can sometimes be even higher than what you might be used to! Some casinos offer up to 10% cashback per day, rather than per week or month, and that can earn you a significant amount of free Bitcoin rewards.

Now, Bitcoin gambling isn’t for everyone, as it requires some knowledge and understanding of the digital currency market, but it can be financially beneficial for those who already own and understand cryptocurrency.

Cashback Bonus

Cashback Pros & Cons

So, are cashback bonuses really as great as they sound? Free money is always tempting, because who wouldn’t want free cash to gamble with? The great news here is that cashback is a bonus that doesn’t come with wagering requirements, but let’s have a look at a few basic pros and cons so that you can decide if it is right for you.

Pros

Cons

Whether cashback bonuses are beneficial depends on your gambling habits, and big spenders do tend to get more money out of it, due to the percentage-based cash rewards. With this in mind, it is up to you to decide how much you can get out of these bonuses and whether you consider it to be worth it.

Claiming a Cashback Bonus

Before you do anything else, make sure you only gamble at reputable casinos, as this is the best way to get the most out of your money. You need a casino that will hold its promises in terms of bonuses, and that will keep your money and personal data safe.

There are a few things you need before becoming eligible for a cashback bonus:

If you are interested in cashback bonuses, you need to double-check that the casino offers the kinds of bonuses you want before you sign up. Not every online casino has cashback bonuses and some use other bonus offers to attract new clients.

Activating Cashback Bonuses

The process of activating a cashback bonus differs depending on the casino. It is common for these types of bonuses to be automatically activated when you create an account and start playing. All you’ll need to do is to make a deposit and start playing your favourite games, and once you fulfil any minimum loss requirements—you’ll get cash back.

Don’t rely on cashback bonuses to be activated automatically, though, as it isn’t always that simple. You may have to manually activate the bonus option, or reach out to the casino’s customer support for them to activate it.

Cashback information should be disclosed in the casino terms and conditions, and we recommend that you have a close look so that you don’t accidentally miss a beneficial bonus offer. Cashback bonuses are designed for active casino players, and you do need to have an account to be eligible for cashback rewards.

Time Frame

Cashback bonuses are usually activated after approximately 24 hours, counting from when the requirements are met. How soon you can use or withdraw your cashback money depends on the casino. Every casino has their own set of rules which can be read in the terms and conditions signed when joining the casino.

Beware of Fake Cashback Bonuses

Not all casinos are as honest as those we recommend, and you should always watch out for sneaky ways to make you deposit money. Be sure to read the fine-print when accepting ant bonus offers, to make sure you don’t end up complicating your gambling experience.

Any cashback bonus that comes with wagering requirements should be a red flag, as real cashback bonuses don’t have wagering requirements. If it does—it isn’t a cashback bonus and should really be called something else.

That said, just because a casino announces something as a “cashback bonus” with wagering requirements, it doesn’t necessarily mean the casino is unreliable, and only that their bonus should go by a different name. Real cashback bonuses give you money back on your losses, without strings (wagering requirements) attached.

Conclusion

Cashback bonuses are very straightforward bonuses, and while not as common as cash matching bonuses—they are becoming more and more frequent. The principle is the same as for VIP programs, air mile programs and reward point programs, where you get money back on your spendings and/or losses.

Some casinos give out cashback bonuses automatically on a weekly or monthly basis, and other casinos require you to reach out to their support services to have the bonuses activated. It is always important to look into this before you start playing, to make sure you don’t miss out on free cash.

Real cashback bonuses are always free from wagering requirements, unlike cash matching bonuses, and if used wisely—cashback bonuses could give you a nice boost to your gambling budget!