Cashback Casino Bonus

Pros and cons

Cashback bonuses are not very interesting for players who spend little. Usually there is a minimum loss requirement of around €100. But for players who spend more and for VIP players, the cashback bonus is an excellent opportunity to alleviate some of the losses incurred.

A big advantage is that you can use a cashback bonus multiple times and compared to other casino bonuses it is in practice less complicated. Besides that it is also good to know that you can wager the cashback money on all casino games.

Pros

• Can be used several times 
• Refund of part of net loss 
• Uncomplicated 

Cons

• Winning conditions 
• Minimum loss conditions

What to look out for

A cashback bonus is when the casino gives you back a portion in the form of a percentage of your net lost money. But how does it work and what should you look out for?

• Percentages: A casino cashback bonus of, say, 25% means that you will receive up to 25% back on losses made.
• Expiration date: The received money usually has an expiration date between 1-7 days.
• Game bound: The returned loss is not always over all games, often it is game bound. For example you may receive the cashback only on losses on specific slot games (a bit like free spins at sign up).
• Maximum and minimum payout: Often casinos pay out a minimum of €100 and a maximum of €2,000 in cashback bonuses per player per day.
• Redemption conditions: The bonus amount comes in the form of a stick bonus. Which means that you must wager the amount before you can request a payout.

Different types of cashback bonuses

Cashback bonuses can be divided into different categories, each type has its advantages and disadvantages. It is important to understand which type of cashback promotion is best for you.

Below we will explain which categories are best suited for a certain type of player and give you an example casino:

Highroller and VIP cashback bonuses

Players who are labelled as high roller or VIP by the casino are usually eligible for a VIP cashback bonus. The players will in this case be refunded a percentage of their lost money, which may be daily, weekly or monthly losses.

The amount of the cashback bonus is usually related to the player’s VIP status at the casino.

VIP offers usually have a higher percentage and cash limit compared to regular bonus offers. A casino reload bonus is also generally very popular with VIP players.

Cashback on lost money

In this case the player gets a percentage back over his or her losses on real money gambling. This could be money lost on a particular type of game for example, or on a total lost amount.

Usually you need to lose at least €100 to be eligible and online casinos in most cases pay out up to $€2000 per month in cashback bonus.

Cashback on lost money is usually paid out weekly or monthly but in some cases daily.

• Pino Casino

Cashback on deposit

This type of cashback bonus is less common but it works like this: you make a deposit and the next day you receive a percentage of your deposit amount back.

For example: you deposit €100 and the casino gives you a 20% cashback bonus. This means that the next day you will receive €20.

Actually better than a free bonus without a deposit, right?

• Crazy Fox

Conclusion

A cashback bonus is a refund over lost, wagered or deposited money. Normally you will receive a percentage of your net losses on a certain type of game like live casinos or slots.

This type of bonus is mainly attractive for live dealer players, VIPs and players who like to play at the same casino. Depending on the provider cashback bonuses are paid out daily, weekly or monthly.

Usually there are playthrough requirements attached to them which means that you cannot withdraw the bonus immediately. Check out our top list for a handy overview of cashback casinos.

Top cashback gambling sites