Canadian sites with best cashback bonuses:
Although people play casino games for the love of it, most of them do so hoping they will win big, or at least fill their coffers with some cash. This is the reason many online casinos offer the standard prizes and rewards that players expect. However, there are some casinos that are taking their game a notch higher by offering incredible opportunities to players through cashback bonuses.
What precisely is a cashback bonus?
A cashback bonus is simply a promotional rebate that a casino returns to you when you make losses on its site. It’s important to note, however, that the cash returned is just a percentage of each loss. This means that you won’t receive 100% of the amount that was lost. Like most online casino offers, cashback bonuses differ immensely in quality, value, percentage, and even maximum limit.
The amount of money returned will depend on different factors. They include wagering requirements, time limit, frequency of cashback payments, and other limitations that the casino may have. Getting back a fraction of what you lose allows you to redeem your gameplay and maybe increase your chances of winning. However, you must always select a casino that provides a lucrative cashback that can make a big impact on your bankroll.
How does a cashback bonus work?
A cashback bonus works by crediting your casino account with a percentage of the losses you’ve accrued daily, weekly, or monthly. The percentage to be returned is normally calculated in different ways. It can be through the losses you made during a predetermined period of time or by the losses made on your deposit. For example, you can receive a 30% cashback on losses made on Tuesdays or in a week.
Why online casinos offer cashback bonuses
Why would an online casino want to return some of the cash they made off a player? Well, it all boils down to retention. Online gambling sites are always looking for ways to retain existing players for as long as possible. They do not just want to squeeze a few quick coins from you and let you run somewhere else. By offering cashback bonuses, they can achieve this effortlessly.
Claiming a casino cashback bonus
Casino cashback bonuses can be claimed in an easy and hassle-free way. You simply need to opt-in and play the indicated casino games that are eligible for such a promo. However, always ensure you follow the casino terms if you wish to reap all benefits that come with the bonus. Additionally, always pick a worthy online casino. Start by doing thorough research by checking out player ratings and reading casino reviews.
Do I require a bonus code?
Whether or not you’re required to enter a bonus code depends entirely on the online casino. Many casino websites will automatically credit your casino account with the bonus. In rare instances, you will need to enter a bonus code to claim the offer. This is mostly done when making a deposit. Sometimes, you will need to contact customer support, so they can guide you on how to claim your bonus.
Rules on cashback bonuses
As with any offer, you need to read and understand the terms that apply to the cashback. Firstly, ensure that the casino games you wish to play are covered under the bonus. If roulette is your poison, confirm this before you play. Secondly, check if there’s a cap placed on your offer. While some casinos place caps at C$500 monthly, others will allow you a maximum of C$100 back monthly.
Are there wagering requirements?
Mostly, cashback bonuses don’t come with wagering requirements that must be fulfilled before accepting. This is because they’re usually given back to you after you’ve already placed wagers with the casino. Therefore, it would be inconsiderate for the casino to put wagering requirements on funds that are returned for losses. However, always check the casino’s terms and conditions to confirm that indeed there are no such requirements.
Types of cashback bonuses
Like other promotional offers, these bonuses come in all shapes and sizes. Some casinos may offer cashback bonuses as part of the welcome package, along with a matched deposit bonus or free spins. Other sites will offer them during weekly or monthly promotions where a player who makes a deposit gets a cashback on losses made. That’s why you’ll come across promos such as “Cashback Mondays” or “Terrific Fridays” etc.
Differences between cashback bonuses and welcome bonuses
Cashback bonuses are offered periodically and are not restricted to new players. This means that any player who fulfills the criteria can receive these bonuses. Mostly, you just need to play or bet in order to be eligible for cashback promotion. A welcome bonus, on the other hand, is triggered once you deposit money as a new player. It is not in any way related to losses made at a casino.
- Welcome bonuses are given to new players only
- Cashback bonuses are available for both new and existing players
Are these bonuses legal?
Cashback bonuses are absolutely legal. As always, this may depend on the legislation in a particular jurisdiction concerning online gambling. As a Canadian, you can enjoy all benefits of these bonuses as long as they are offered by a licensed casino. If you are not certain about the legality of a casino, it’s good to steer clear. However, every online casino that we recommend on our site is reputable.
Who can gain from cashback bonuses?
High-rolling casino players can benefit immensely from cashback offers. Since they play with large wagers, this means that they will receive a large percentage of their cashback. Other players who can benefit from these bonuses are members of the casino’s VIP program. As they seek to hit the milestones that the online casino has set, they can also enjoy the benefits provided by both the bonus and the program.
- High rollers can benefit a lot since they play with big wagers
- VIP players can benefit from both the cashback bonus and the loyalty program
Tips for selecting a great cashback bonus
Since casinos impose many restrictions on cashback offers, it’s wise to do due diligence when shopping around. You wouldn’t want to jump on any deal without knowing what it entails lest you become disappointed later on. Firstly, try to avoid committing yourself to an offer that has some wagering requirements. This way, you’ll be able to withdraw your earnings without needing to play again if you don’t wish to do so.
Secondly, check how frequently the cashback is being offered? If you play a lot, then you should choose a daily cashback offer. However, if you are a casual player, you will be better off with a bonus that is paid on a monthly basis. Last but not least, always check if there are any restrictions to the offer. The fewer the restrictions, the more likely you’ll benefit from the offer.
Why choose cashback bonuses?
There are many benefits that you will enjoy when you opt for cashback bonuses. Firstly, you will always be a winner even at times of loss. Having a cashback bonus in your account means you will always get back a fraction of what you lost to the casino. For example, if you lose a roulette game, a cashback will allow you to try again next time to beat the odds.
Secondly, as said earlier, cashback bonuses don’t require any wagering. Though this is not the case all the time, most cashback comes minus the high wagering typical with other offers. Lastly, cashback bonuses are uncomplicated and simple. To enjoy the bonus, all you need to do is to opt into it. After this, you can proceed to play your favorite games with the assurance that you’ll get some cashback if you lose.
It is a percentage of money that is returned to you when you make a loss at a casino. It is offered on a daily, weekly or monthly basis.
Many online casinos will automatically credit your casino account with the bonus cash. Other sites will require you to claim it by entering a bonus code or coupon.
Most of the time, these bonuses don't come with any wagering requirement. However, some casinos may impose these requirements, so it's advisable to confirm before opting for any offer.
The types of games playable with a cashback bonus usually differ from site to site. It is therefore important for you to read the terms to understand what the bonus entails.