As always, we’re committed to inform you of the latest news in the casino industry which drives us to create this guide on cashback bonuses. Online casinos across
Canada will do everything to grab your attention and cashbacks offer great opportunities for both casino websites and players to make the most out of their relationship. Relationships are about giving and taking and cashbacks are a bit of both.
To help you find the best cashback bonus in Canada, we’ve compiled a list of the most important factors to consider if a cash back bonus is right for you or anyone else who doesn’t mind a little extra money when playing online slots or live dealer games. We’ll also keep you posted on the best cashback bonuses available for Canadian players on a regular basis, so make sure to stay for a while and check back every now and then.
How cashbacks work
Casino bonuses are a perfect way for online operators to thank you for joining them and making a deposit. A match bonus is one way to do this, while the cashback is another tool. Cashbacks are great because they can be enjoyed by everyone, from new players to existing customers. Cashbacks lure a significant number of players in Canada as everybody will know how cashbacks work, whether it’s a cashback for your favourite webshop or a cash back at your preferred hypermarket. Cashbacks do what they promise to do: an online casino or another type of gambling website is going to give you back a part of your money. This is beneficial for all sorts of people, but especially for those that make a wager frequently.
Different types of online cashbacks
Cashbacks can be handed out in the form of casino credits or cash to use again for playing on the website. These promo deals might have different bonus terms attached, like wagering requirements. Online operators hand out cashback to compensate for the losses punters may incur while making a wager on their website. The exact amount of funds you can receive varies. Generally, the money you get back from the gaming websites ranges from 5% to 20% of the total loss. Often there is also a maximum payout. Canadian casino sites offer large portfolios including games like slot games, table games and scratch cards. Other online operators work with different platforms, including bingo rooms, lottery platforms, online casinos, live dealer casinos, and sportsbooks. The average casino is therefore full of games which means they need to think of different bonuses to cater to the preferences of the different types of players. One way to do so is by offering different sorts of bonuses and even different types of cashbacks. We’ll take a look at a few common cashbacks:
- Welcome Cashback
- Deposit Bonus
- Live Casino Cashback
- Sportsbook Cashback
- Loyalty Program
А wеlсоmе bоnuѕ normally consists of a сlаѕѕіс mаtсh оn уоur dероѕіt at the casino. Тhе operator mау dоublе уоur first dероѕіt оr оffеr уоu uр tо a certain percentage of уоur deposit. Most people will imagine their welcome bonus to look something like this, and although we’re a big fan of generous welcome packages, it’s hard to deny they’re also generous enough to make you take part in a nеvеr-еndіng gаmіng ѕеѕѕіоn. Cashbacks work differently and are becoming increasingly popular as an alternative to match bonuses. In addition to the typical welcome bonus, some sites have cashback systems as a way to say hi. This isn’t necessarily a welcome package, as they’re meant for everyone and not only for new players but a lot of casinos work with cashbacks instead of welcome bonuses and emphasise the lack of strict wagering requirements. Kind of feels like a warm welcome as well.
Live Casino Cashbacks
This is a cashback bonus, but specifically meant for live dealer games. Some casinos work with welcome bonuses for regular casino games and live casino cashbacks to have something in offer for players that are more interested in live games. We highly appreciate every kind of bonus for live casino games and cashbacks are among the most risk-free.
The same holds for sportsbooks that work with separate bonuses for their platform for sport related bets. Bonuses for sportsbooks are rarely available for casino games and vice versa which explains the difference between the two kinds of sportsbooks. Please note that sportsbook cashbacks work with different terms and conditions than cashbacks for casino games. This guide predominantly focuses on cashbacks for casino websites.
Cashbacks are often part of a loyalty program as well and have slowly become more and more common. Today there are quite a few casinos that offer cashbacks as part of a loyalty program and we would dare to say they’re becoming just as popular as free spins. How much money you will get back usually depends on how much you have deposited and your VIP level. Apart from higher withdrawal limits, VIP players will enjoy more free spins and higher cash back percentages. Loyalty gets rewarded in different ways and cashbacks is one way to do this. And we have to say: getting money back does feel like a reward.
Technically a Reload Bonus
Reload bonuses are bonuses that are meant for players that deposit after they have claimed their welcome bonus. Technically, cashbacks are also deposit bonuses as they require a deposit to be handed out. Online operators even structure cashbacks as a percentage of a deposit. The exact percentage of a cashback is a lot lower than regular deposit bonuses to give you a top up of up to 100% and often 50%. Cashbacks work with lower percentages and a typical offer would be 10% or 15% per week or month subject to a maximum of $250.
How to check if cashbacks are any good
We all like free casino cashbacks and we all like bonuses in general. Cashbacks are among the best kinds of bonuses available on the internet because they come with few bonus terms. If you’re looking for a way to get a little extra back from playing your favourite casino games, a proper cash back bonus could be just what you’re looking for. The most frequent players will particularly appreciate this type of cashback instead of the classic deposit bonus with rollover requirements and terms and conditions that are actually easy to follow. Cashbacks are a lot of fun and in our opinion among the best casino bonuses to play with, but there are of course still things to bear in mind before you go ahead and accept this type of bonus. Here’s how to recognise if cashbacks are any good:
- Wagering requirements: the rollover requirements really depend on the website. Therefore, we always recommend reading casino reviews and paying attention to this specific term. Being aware of the playthrough requirements makes the choice of a casino website a lot easier for those wanting to make a wager. This also holds for players who want to benefit from any of the online casino cashback offers, but luckily things don’t get as difficult as with other promos. Usually wagering requirements are a lot lower for cashbacks as you’ve already played with money giving you some back.
- Maximum payout: although cashbacks work with fixed percentages, most casinos will have set a term that maximises the total payout. Others just set the percentage and don’t mention certain limits which is obviously the most ideal situation. In case of very high wins, you will need to check the casino’s maximum withdrawal limits as well. This, however, is another condition we don’t want to address in this guide.
- Country-specific: like other casino bonuses, cashbacks can be country specific which means that this bonus is offered in one country and isn’t available in another. In our casino reviews we only evaluate casinos that are available for Canadian users which is why all bonuses should be available for you as well. In case you’ve found a casino somewhere else you should always check this country related condition.
- Minimum deposits: minimum deposits are always required and this is probably one of the easiest terms and conditions to understand as these are clearly communicated in every bonus. Minimum deposits aren’t very high for cashbacks and you should think of anywhere between $10 and $20 to be able to claim your own cashback.
- Game type: cashbacks are available for different platforms, but for each cashback bonus there should be clear terms about the games they can be used for. This is either a selection of games (for instance NetEnt slot games) or single bets with odds of at least $1.50 in case it concerns a sportsbook cashback. Some cashbacks are only meant for wheel of fortune liver dealer games and exclude other live games.
- Percentage: the actual percentage of net loss that will be returned to you depends on the website and the specific offer. Expect somewhere between 5% and 25% of cashback, but higher percentages are also possible. Usually these will come with more strings attached such as a roll-over requirement. Smaller cashbacks of 5% should be appreciated as well, but obviously the higher the percentage, the better.
How to claim cashbacks
We believe cashbacks are one of the easiest deals to claim on any online gambling site which explains why they’re so popular and why we like them that much. All you have to do to claim your own cashback is to play with real money. Sure, you want to avoid losing a bet or keep on playing because there’s a cashback on offer, but this kind of casino bonus can actually help in softening the blow, at least to some extent. Online casino websites that offer cash back bonuses have different policies on how they reward this money. Some of them will transfer it as cash via e-wallets, while most award bonuses in the form of credits, which you can use on slot games, jackpot slots, table games, and live dealer games. The way to claim them can depend on the casino and the bonus, but it should look something like:
1. First learn more about cashbacks
Аll асtіvе users can еаѕіlу claim for the саѕhbасk dеаlѕ, аѕ lоng аѕ thеу hаvе wаgеrеd ѕоmе money and meet the minimum amount to redeem a cashback. If you’re new to the casino you should first sign up, but before you do that we would always recommend you to learn more about cashbacks, how they work, and what kind of cashbacks are available on the internet. Our guide on cashbacks should give you a good starting point to get you going. Whether you’re a new player or an existing user, you should thіnk оf thе саѕhbасk аѕ уоur оwn рrіvаtе іnѕurаnсе, оnе thаt аutоmаtісаllу gives you back ѕоmе mоnеу іf thіngѕ don’t gо уоur wау. Therefore cashbacks can be risk-free to some extent, but we would always recommend you not to wager more than initially planned just because there’s a cashback.
2. Play at a trustworthy casino
Always work with a predefined budget. A proper and fair casino will help you do so, because trustworthy casinos will let you easily set some limits for sessions and deposits. The whole gaming experience also depends on the trustworthiness of the casino site so you will need a good platform first. The online operators we have listed on our website have been tested with real money and we’ve also taken into account the cashbacks they have to offer. Our advice is to stick to Canadian online casinos and our platform is the fastest way to finding one.
3. Join the site or login
Joining a website is pretty easy as registration forms are set up in such a way that you should be able to create and confirm your account within a few minutes. Other casinos work with a Pay N Play-platform that only requires a deposit and gets you going instantly with the need to fill in a complete registration form. If you’re already a member of a casino website you can also log into your account and check the promotions page for the details on how to claim your cashback. Cashbacks are luckily quite easy to claim and this is true for the terms as well. Sign up by choosing the “Join”, “Create Account” or “Sign Up” option.
4. Go through all the terms
This step will require some more detailed information as this is probably the most important step as you’re about to deposit your funds. Make sure to check out the specific terms for the cashback, but do the same for the general terms and conditions as well and for the other promos offered by the casino. The cashback may be one of the reasons to sign up at a casino, but you’ll probably encounter other bonuses as well along the way which is why those will need to work with fair conditions as well. Cashbacks luckily work with easy to understand terms and conditions and the wagering requirements, maximum bets, minimum deposits are among the most important criteria to pay extra attention to.
Time of validity
Another big difference between standard casino rewards and cashbacks is the period of validity. While promos like free spins and especially deposit bonuses tend to be active for a longer period of time, the casino cashback promotion works with very time-limited terms. Cashbacks are available for a much shorter period. In certain casinos in Canada, you will only be able to claim them on certain days. This isn’t a big deal in our opinion as weekly cashbacks are very common for day-specific deals and will give you options on a very frequent basis. We just want to point out the importance of the period of validity though, because needing to wait for a week can feel like a long time to some.
5. Claim and wait
In some cases, there’s no need to use a bonus code or cashback code to get your money back from the casino. A lot of casinos in Canada automatically implement cashbacks for their most loyal players, meaning all you’ll need to do is log into your account and/or check your email. At other websites offering Canadian online slots for real money, a special bonus code is necessary. This isn’t very difficult though as it only requires you to copy and paste a code you’ll find on the promotions page or you’ve received via email. Adding the cashback code is directly done in your account and it should take too long to see your new balance.
How to make a profit from cashbacks?
Pretty much all casino websites in Canada will come up with a casino bonus as this is the way they can distinguish themselves from their main competitors and attract new players. Cashbacks are also very good bonuses to reward existing customers for their deposits and loyalty. Working with a cashback gives players a lot of extra tools to make their casino experience a very pleasant one, and ideally this cashback would lead to a nice win instead of passively losing money they would’ve had without the cash back. You will need to know here that casinos are giving you back some money, but they prefer you lose it anyway. Trying to make a profit is therefore never easy, but the steps below should increase your chances:
1. Know when to withdraw
Cashbacks are typically sticky bonuses, basically meaning you can’t withdraw them. Nonetheless, you can cash them out once you meet the wagering requirements. A cashback bonus gives you a chance to win your losses back so it’s always a good idea to stop playing once you’ve managed to do so or once you meet the wagering requirements and feel happy about the revenue. In case it concerns withdrawable cash you might want to consider doing that as soon as you’ve met the wagering requirements. Some cashbacks have very low wagering requirements, so if you’re used to regular deposit bonuses you might be surprised to find out that the rollover requirements can be as low as 1x or 2x.
2. Stick to the maximum bet
Like other bonuses, most cashbacks have a maximum bet. Make sure to stick to this requirement as exceeding the maximum bet will invalidate your bonus. This condition isn’t too difficult to meet as you’ll only need to make lower stakes than the maximum bet. As wagering requirements are a lot lower than with other types of bonuses this term shouldn’t lead to big problems when you’re playing. You should be able to be safe with this one.
3. Make sure you’re ready
Cashbacks are obviously ways to lower your risks, something which is true for free spins as well. This is why some players may get a bit too relaxed about it as they consider casino cashbacks as extra money. Our advice? Don’t. Play like you would normally play with your own real money and don’t sit back and relax too much. Make sure you know how the game works and you understand all the rules to use the cashback bonus. Don’t use cashbacks to test new games, but stick to the demo mode if that’s your purpose. Only use a cashback if you’re fully aware of how things work and you’re 100% prepared. If you know there’s a cashback on every Wednesday we recommend you to practice the slot games you want to play in the demo mode first on the days before. On Wednesday (or whatever day) it’s the real deal.