A casino cashback bonus is a great way to earn a refund on your net losses when you play. Whether you play slots or table games, a top cashback deal can earn you up to 20% on your losing spins.
In this guide, you can expect a comprehensive overview of how cashback casino bonuses work, the different types available, tips on claiming the best offers, and important terms to consider. We’ll also compare top cashback casinos to help you find the best deals for your gaming preferences.
Best Cashback Casinos
What is a Cashback Casino Bonus?
Casino cashback is a simple type of bonus where you can claim a refund on net losses during the day or week. It’s usually offered by the top casino sites as an ongoing promotion or as part of a VIP scheme.
There are usually one or two qualifying criteria that you must meet to claim a cashback bonus:
- Make one or more successful deposits during the promotional period
- Have a positive net loss during the promotional period
- Must opt-in to the cashback bonus or be part of a VIP programme
- Must clear any wagering requirements within the time limit
How Cashback Casinos Work
Casino cashback is calculated by online casinos as a percentage of your losses over the day, week, or month. You can play slot games or specific games, provided they are eligible for the bonus clearance. Cashback percentages vary hugely from casino to casino, so always check the terms before you start betting.
Cashback Percentage
The cashback rate on your net losses varies depending on a range of factors, including VIP status or your deposit amount. The cashback percentage may be as low as 5% of net losses. However, high rollers may enjoy up to 20% of net losses, provided they don’t exceed the maximum amount.
Here’s an example: A cashback casino promises 10% monthly cashback on total net losses. Total net losses are calculated like this:
- TOTAL WAGERS – TOTAL WINS
You deposit and wager £500 on slots and win just £250. Therefore, your net loss is £250. The casino awards 10% as a cashback rate equal to £25. Alternatively, the casino may calculate your cashback rate as a percentage of total deposits instead, if your net loss exceeds that figure. For example, your net loss is £250 but your total deposits are £200. The casino awards 10% on £200 instead, for a £20 cashback total.
Wagering Requirement
Often, you must clear a wagering requirement before you can enjoy your weekly or monthly cashback. This is usually quite low, however, around 1-2%.
Cashback Period
Cashback casino deals vary from site to site. One-off cashback bonuses offer refunds over a weekend. VIP schemes may offer weekly cashback with no end date in place. Cashback is usually paid at the start of every week directly into your online casino account.
Eligible Games for Cashback
Terms and conditions apply to every casino cashback bonus. Game contribution rates may vary, so always check the T&Cs before you make a qualifying deposit. In most cases, 100% of your online slots or Keno play will be eligible for a portion of monthly cashback. Low-edge games like blackjack, roulette, and video poker may be more limited.
Bonus Wins
You can also claim cashback amounts on your bonus wins. These may be from a deposit match bonus or free spins on slots. Usually, the net losses are calculated by subtracting all total bets, total bonus bets, and total returns to reach your net loss.
| VIP Status | Cashback Percentage | Max. Amount |
|---|---|---|
| Bronze | 5% | £500 |
| Silver | 8% | £1000 |
| Gold | 12% | £1500 |
| Platinum | 15% | £3000 |
| Diamond | 20% | £5000 |
Pros & Cons of Cashback Casinos
Casino cashback isn’t right for everyone. You need to factor in whether you’re likely to make regular deposits and maintain a level of gambling activity. However, receiving a cashback bonus, just for playing your favourite table games and slots, is not to be sniffed at.
Pros:
- Receive a refund of net losses by playing the best games
- Rewards players who want to try our riskier wagers
- VIP players can earn up to 20-30% in cashback
- Cashback is awarded the following day or week
- Low wagering requirements to clear bonus funds
- Choose your favourite games to clear the bonus with
Cons:
- Not widely available at UK casinos
- Requires regular deposits to qualify
- Casino may calculate refund based on deposits instead of gambling losses
Choosing the Best Cashback Casino
It’s important to choose the right casino, cashback offer or not. Start by looking at the small print of the cashback bonus, then examine the types of games available. You should also think about whether a casino bonus like this is right for you.
Cashback Bonus Amount: The cashback rate is the first thing you should consider. Any bonus amount lower than 5% is probably not worth your time.
Cashback Frequency: Weekly cashback deals can be generous, but you may be waiting a few days to receive your money. A daily casino cashback offer might be
Wagering Requirements: Cashback isn’t just awarded without any terms applied. You’ll normally have to wager your cashback once or twice before you can spend it. Check the small print again to see what is required.
Range of Games & Slots: Top cashback deals should be eligible across any game and any wager type. Whether you’re into roulette, keno, or slots, you should have a chance to claim cashback on net losses.
Other Bonuses & Promotions: Finally, weigh up the cashback bonus against regular deposit bonuses and free spins. Is your money better spent opting into alternative casino offers?
How to Claim a Cashback Casino Bonus
You can sign up at a cashback casino in minutes and claim your first welcome bonus. Earn cashback right away or come back for weekly cashback to reclaim real money on your net losses:
- Open Your Cashback Casino Account – Start by visiting the online casino and hitting the JOIN button in the top corner.
- Complete the Registration Form – Fill out the sign-up form with your details and a unique username/password.
- Make a Qualifying Deposit – Visit the banking page and make a first deposit with your preferred payment method.
Cashback Casino Alternatives
Looking for an alternative casino bonus offer to earn free cash with? Here are some other great ways to claim bonus funds when you play your favourite games.
Deposit Bonus
A deposit bonus casino awards new players with matched funds when they open an account. As with the cashback online casino bonus, you must clear any wagering requirements before you can enjoy your money. In addition, loyal customers can claim a reload bonus when they make extra deposits during the year. For more details, check out our comprehensive guide on the 100% deposit bonus.
No-Wagering Casino Bonus
Some free spins and reload bonuses come with no wagering required. The no-wagering casino simply lets you keep everything you win. What’s better than earning free bonus funds with no wagering needed?
Low Wagering Casino Bonus
Many casino cashback deals come with very low wagering requirements attached. At the best low wagering casino, you can claim bonus funds or £20 cashback with only a 1x rollover requirement needed. Low wagering requirements on your bonus balance also apply to some free spins offers.
Final Thoughts: Cashback Casino Sites
Ready to get going with a cashback bonus? Winomania is our top recommended online casino for cashback deals. You can claim weekly cashback on a percentage of your losses if you’re a regular customer. Start your Winomania journey with a welcome bonus that earns you matched funds and free spins.
Cashback Casinos FAQ
A cashback casino offers a refund of a percentage of your losses during the day, week, or month. You can use your money to prolong your gambling activity or opt into other casino promotions.
To claim cashback bonuses, you must be a valid account holder and have made a qualifying deposit that day or week. Always read the terms and conditions at the online casino before you proceed.
A cashback casino usually applies a low wagering requirement for this type of casino bonus. You may have to roll over your bonus funds 1x before you can withdraw any winnings.
Cashback rates for this casino bonus tend to range from 2% to 30%. However, rates may vary depending on the type of game, VIP status, or bonuses in the UK.
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