Best Cashback Casinos
Online casinos offer a multitude of promotional incentives, with cashback bonuses holding a particular appeal among regular players. This incentive is ideal for gamblers who play consistently as it enables them to recoup a portion of the net losses they incur during a specific period. Cashbacks are typically percentage-based, with their value depending on the deposits players have lost during a given day, week, or month. To put it succinctly, cashbacks can considerably minimize your online gambling losses.
Some casinos automatically credit them in the form of withdrawable cash, while others attach wagering requirements players must clear to convert the cashback amount to real money. In some instances, cashbacks are awarded as bonus credits players can use to gamble with but cannot withdraw. Cashbacks are particularly popular among seasoned online gamblers and high rollers since they act as a safety net that prevents them from completely running out of cash.
In this article, we cover all there is to know about cashback bonuses, including how they work, who can use them, and why online casinos offer them in the first place. Having trouble finding the best cashback casinos on the internet? No worries, we have got you covered with a list of the top 5 gambling sites that offer cashback bonuses with favorable, player-friendly terms and conditions.
What Are Cashbacks
Cashbacks are a type of promotion offered by some online casinos that enables players to recover a percentage of their lost deposits. The terms attached to cashback offers are casino-specific, with some gambling operators offering more favorable cashback conditions than others. You can easily find all kinds of cashback offers, so if you are not satisfied with the one your current casino has, you can always switch to another gambling operator.
In most cases, players can opt in for cashbacks during the deposit process. Normally percentage-based, the value of a cashback can vary anywhere between 5% and 50% of the qualifying deposits at particularly generous online casinos. For example, a 20% cashback on a $200 deposit enables you to recoup $40 of your losses. Some gambling operators award cashbacks only on condition the balance of eligible players drops below a certain amount.
Speaking of which, minimum deposit requirements are typically in place. Deposits below the minimum stipulated threshold do not qualify for cashbacks. Depending on where you play, cashbacks are either credited as real money or in the form of bonus credits. Wagering requirements are sometimes imposed and players must meet them to convert their cashbacks to withdrawable funds. It is worth pointing out that when applicable, the wagering requirements on cashbacks are often considerably lower than those on other deposit-related bonuses.
Some online casinos offer cashbacks on losses incurred only while playing specific games or types of games. Certain cashbacks, for instance, apply to online slots only while table and live dealer games are ineligible. The caps on the maximum withdrawable cashback amounts are another important condition to keep your eyes peeled for as it can considerably take away from the value of the promotion. There is also a period of validity as some cashbacks can expire after a day, week, or month. We always recommend you check the full terms and conditions of any promotional offer before you claim it or start playing.
Cashbacks are unlike other promotional incentives as with them, your balance can only go up. So, regardless of whether you receive some bonus funds or cash, this way your account will not be completely depleted. To most players, the difference between bonus funds and cash is naturally quite significant, therefore we will present you with both types and more.
Who Can Use Them
Cashbacks are usually available to all players but it all depends on which casino you go for. In order to get a cashback, you must meet the requirements of the promotional offer of the casino you have picked. As previously mentioned, there is a minimum qualifying deposit to observe for, which is usually $10, although the exact amount varies across different online casinos.
Some cashbacks are based on the losses players have suffered during a specific period, be it a day, week, or month. More generous casinos offer deposit-based cashbacks where players receive a percentage of each lost deposit back. It is also worth noting that sometimes players who have attained a VIP status are eligible for higher percentage-based cashbacks. The higher you climb up the loyalty ladder, the more losses you will be able to recoup.
Another common term attached to these incentives stipulates that cashbacks are granted only on condition players have either lost their full deposits or their balance has dropped below a certain amount (normally $10 or less). Accounts with pending withdrawals are commonly ineligible for receiving cashbacks. Country restrictions are another aspect you should factor in. Some online casinos disqualify customers residing in specific countries from participating in any promotional incentives, including cashbacks. Others exclude deposits via certain payment methods from claiming cashbacks and other deposit-related bonuses. That is why we recommend you always read the bonus terms and conditions of every cashback offer before you opt in.
The Purpose of Cashbacks
The idea behind cashbacks is to enable players to gamble more confidently. It helps to know that you have something to fall back on even if it is a small amount. Even when credited as bonus money, cashbacks enable you to continue playing and hopefully end your next session on profit.
Naturally, this is not a sure-proof way to build your online gambling bankroll so you must not think of it as such. It is important to remember that promotional incentives aim to extend your play time, first and foremost. Money management is crucial for all gamblers whether they play online or at landbased casinos.
So, the main purpose of cashbacks is to help players recoup some of their losses so that they can continue placing bets. Cashbacks do not guarantee you turn a profit but can only help you get back on track when you have experienced some losses or a whole losing streak. Of course, landing a massive payout while playing with cashback money is within the realm of possibility.
Why Online Casinos Offer Them
Online casinos have taken to offering cashbacks as a way of attracting more customers and encouraging small-scale players to place larger bets at a reduced risk. It is a brilliant marketing technique that is beneficial to both operators and players. It is basically a reward for losing which simply means that you will not be left with an empty account and will be able to continue playing.
Of course, there is always a cap on this bonus, like most others, and it is more likely to be high if the percentage of the cashback is really low. The plain truth is that you will be spending a lot more than you will receive back from the casino. This is why you should always check the terms and conditions before registering with any online casino and claiming a bonus. The terms of some cashbacks are so disadvantageous that redeeming them is not worth it at all.
Types of Cashbacks
There are several types of cashback bonuses that you can find online. As previously stated, most of them are based on a percentage of the sum you have lost. It can be based on the deposit you have made and lost, in which case you must lose your entire deposit. It can also be based on the amount you have lost, regardless of how much you have last deposited in your account. Finally, it can be based on separate losing bets you have made.
It is safe to say that every online casino has its own spin on almost everything and cashbacks are no exception. You will find all sorts of cashback bonuses on the web and this simply gives you a greater variety. For the most part, cashbacks are based on the sum you have deposited, in one way or another, and you will be able to withdraw immediately after your account has been credited with the cashback.
Some online casinos offer monthly, weekly or daily cashback offers. This is another variable that gambling operators tinker with. You can find these three as well as others. However, the main way to classify them is based on whether they are real-money, bonus money, or bet-based cashback offers.
Real Money Cashbacks
This is the type of cashback bonus to be on the lookout for. It’s always great to get a prize after a losing streak and if that prize is some of the cash you lost, well then, all the better. As we already mentioned, it is a fairly small percentage in most cases that is either based on the size of your deposit or on the losing bets you have made.
Typically, you receive 10% to 20% back at the most but in real money. This means there are no wagering requirements to worry about and you can withdraw your cashback right away. Of course, you need to take a look at the terms and conditions of the bonus and ensure you understand them well enough.
One of the things to pay close attention to is how often you can use this bonus. Some gambling operators run daily cashback promotions, while others offer them for the week or month. You should be aware of the exact promotional period as otherwise, the casino will not credit your account with a cashback even if you have met the other requirements. If you plan on having a session with a more substantial bankroll than usual, it may be wiser to opt in for a cashback just in case as it will serve as your safety net and minimize your losses should you suffer a longer losing streak.
Another thing to be on the lookout for is whether this bonus is available for losses on casino games or the other products available at a given gambling site. Some cashbacks are intended specifically for peer-to-peer poker or sports betting and do not cover losses incurred while playing in the casino section.
Bonus Money Cashbacks
Some online gambling operators prefer to credit cashbacks as bonus money, which is less advantageous from a player’s perspective. If there is one thing to know about bonus funds, it is that they normally come with wagering requirements. This means players must wager the cashback amount a given number of times to transfer it from their bonus balance to their cash balance. On the bright side, cashback bonuses typically have lower wagering requirements that are easier to meet. In some cases, players must turn them over only once.
Of course, it is far better to be able to instantly withdraw your funds but given that the wagering requirements for this bonus are lower when in place, it is still definitely worth claiming. It is equally important to check the validity of the promotion as said wagering requirements must be cleared within the stipulated timeframe.
Naturally, there are casinos with higher wagering requirements on cashbacks but these are rare and far in between. Their playthrough can sometimes go all the way up to 20 times the cashback amount. It is best to find a better offer in such cases as there are plenty of reputable online casinos around and they all have enormous gaming libraries.
Another thing we recommend you do is check the game weightings and the list of eligible games that contribute toward clearing the wagering requirements. Certain types of games are sometimes either fully excluded from the playthrough or have an extremely low contribution toward clearing it. Games with high houses edges like slots and keno typically have a full contribution (100%), meaning that every bet you place on them will clear the same amount from your wagering requirements. Playing them is the fastest way to convert your cashback bonus into real cash. Some casinos prohibit playing certain releases from their catalogs while having an active bonus in your account. Playing such “restricted” games commonly results in bonus forfeiture so be careful and read the promotional terms of the respective gambling operator you play with.
Bet-Based Cashbacks
These are similar to comp points you can receive in a casino as they are based on each separate bet you make. The biggest difference between the two is that loyalty points have conversion rates while cashback bonuses of this type are usually credited in cash.
They are normally available only on specific games or have a different accumulation rate based on the game you are playing. Additionally, bet-based cashback bonuses are smaller. While you can often get a 20% cashback based on your deposit in most casinos, with this one, you will receive bonus funds that are usually less than 1% of your bet.
They differ considerably from other types of cashback bonuses. It is better to simply use them continuously, regardless of your bankroll and accumulate a withdrawable sum over time. However, we once again advise you to carefully read through the terms and conditions and make sure there are no strings attached to this bonus, or if there are, they come as no surprise to you.
Overall, most types of cashback bonuses are worth claiming provided that you play regularly and their terms work in your favor. They give you the valuable opportunity to partially recover your losses during losing streaks that are, unfortunately, inevitable when gambling.
Best Cashback Casinos
As you can see, there are many factors to consider when picking a cashback casino. If it only has a great cashback offer but no variety of games, or not the ones you would prefer, it may not be worth your while. Your personal taste matters a lot, so we have included only cashback casinos with both versatile libraries and advantageous cashback promotions.
The online casinos listed below have all been carefully evaluated based on multiple parameters to ensure they meet both our standards and yours. Some of the aspects factored in during the evaluation process include general bonus terms, payout speed, range of payment methods and games, licensing, and overall reputation. Read on for more detailed information on our top picks and their cashback offers.
Trada Casino
This is a widely recognized brand in the online gambling community. It has been around for only a few years but its reputation is quite substantial. This is because Trada Casino has a ton of software providers, including Microgaming and NetEnt, a ton of certificates, and some of the best promotional offers online.
The cashback bonus it offers comes with no wagering requirements and is a deposit match as well as a bet match. On your first deposit, you get a 100% match of up to $500. Then, you can claim a 25% deposit match. Read More
All British Casino
Operated by L&L Europe Limited, All British Casino impresses with a balanced catalog that encompasses north of 1,200 slots, table games, video poker variants, slingo, and exciting live dealer options. This sizable collection is courtesy of over 20 renowned software providers, including big names like Amatic, Microgaming, Pragmatic Play, NetEnt, and Red Tiger.Read More
PlayOJO Casino
PlayOJO is a relatively new casino but it has already created a collection of over 1,000 games by a ton of providers, including the best in the industry. This casino is most notable for its complete dismissal of wagering requirements. This means that every single bonus it offers comes in real money, including the cashback.
The cashback promotional offer of this casino is a bet-based one. Every single slot has a different level of contribution, the maximum being three with 0.60% of each bet. Read More
Cherry Jackpot
This is a recently launched casino by the experienced brand Casino Max. Cherry Jackpot Casino is powered by RealTime Gaming and has an amazing selection of games that continues to grow quite rapidly. It is licensed by the Government of Curacao and offers some fascinating bonuses, including a wonderful cashback one.
The cashback bonus of Cherry Jackpot Casino is a deposit match of 40% which is quite high. However, you will receive it in bonus funds and will have to meet the wagering requirements. For this offer, they are x20. You can meet them by playing various games and can withdraw up to x10 your bonus. Read More
Casino Extreme
Casino Extreme offers hundreds of games by RealTime Gaming right at your fingertips. It is licensed by the Government of Curacao and has been audited for fairness by Gaming Laboratories International. It also has multiple seals of approval and offers incredibly quick payouts. This online casino also offers a ton of promotional offers and one of them is for a cashback.Read More
| Payment Method | Deposit | Withdrawal | |
|---|---|---|---|
 | Visa Card | YES | YES |
 | Mastercard | YES | NO |
 | InstaDebit | YES | YES |
 | PayPal | YES | YES |
 | Skrill | YES | YES |
 | PaySafeCard | YES | NO |
 | Citadel | YES | YES |
 | Neteller | YES | YES |
 | Sofort | YES | YES |
 | PayForIt | YES | NO |