The Best Casinos Cashback Bonuses in 2024

Players love to get something back for their effort, especially when they go through a dry spell and this is where cashback bonuses kick in. Online casinos are happy to provide players with a second chance in the form of cashback bonuses, that can help them alleviate pressure. In this guide, we have added the best casino cashback bonuses, reviewed and rated, so you can learn everything about them and make the most of such opportunities.

Overview

Online casinos reward players in many ways, usually through bonuses awarded to new players and depositors. These are the most common rewards, but cashback bonuses have gained a lot of traction in recent years. Widely regarded as a safety net for those who are unlucky, these financial incentives give players another chance to make money. The only downside is that cashback deals are available exclusively to those who have lost, as a means to recuperate some of those losses.

The beauty of casino bonuses is that they are incredibly easy to claim since you don’t have to do anything. Players are supposed to enjoy their favorite games online, as there are minimal or no restrictions for cashback offers. If they are successful in their quest, they get to keep all the money they make and spend it as they see fit. If they lose, the casino will offset a percentage of the amount lost and transfer it back to their accounts.

These bonuses are usually contingent on making deposits and playing for a while. The cashback bonus is calculated based on the player's losses during a particular timeframe or for a specific deposit. This is a very important aspect since you need to make sure you properly calculate the amount of bonus you are eligible for. Essentially, any winnings you make are subtracted from the net losses and you only receive a percentage of the money lost over the period.

Most casinos are more lenient regarding cashback bonuses' wagering requirements since players already have to put in a decent amount of play to qualify in the first place. This is something to consider when claiming any bonus because wagering requirements can render even the best deals useless. When it comes to cashback offers, many casinos have lifted the play-through demands completely, or made them quite reasonable.

To qualify for a cashback bonus, you need to meet a handful of prerequisites, but it all revolves around the money you lose. Players are expected to make a deposit a few days or weeks before playing, but this is not the rule. Some casinos will restrict some games from these offers, so you might not be eligible for reimbursement. On the other hand, cashback bonuses can get better if you are a VIP player or an active player that climbed the loyalty program.

Another advantage of cashback bonuses is that they can usually be claimed in conjunction with other offers. This is not something you can expect for most promotions, as you are supposed to clear existing bonuses before signing up for new ones. The bottom line is that these offers should be considered by players who spend a lot of time online and wager frequently. They promise a win-win situation, where you either win and keep the money or have some of the losses refunded.

Pros & Cons

Pros
Give you a second chance to play for real money
Perfect for highrollers and active players
Little to no wagering requirements
Cons
Only awarded to players who lose money
Only a percentage of the losses is refunded

Getting Started

Cashback bonus deals allow you to hit two birds with one stone, but to make the most of them, you should follow the steps listed below.

1 Research and compare offers

You need to compare not only the casinos but also the offers themselves, to find the best cashback bonuses in terms of size and wagering requirements.

2 Understand and accept the rules

Be sure to check the terms and conditions carefully and read the fine print, as well as the rules. Only sign up for casino cashback bonuses that are per your expectations.

3 Use the bonus in a timely fashion

Cashback bonuses are special, but they also have an expiration date and you can’t afford to miss it. If there are wagering requirements clear them before the deadline, to fully enjoy the bonus.

Bonus Variations

Cashback bonuses are defined by simplicity and there are some of the easiest to claim. However, they come in different varieties and these are the three most common types you can find at online casinos.

Time Frequency-based Cashback Bonuses

These bonuses are awarded to players who are active and will refund a percentage of the money lost over some time.

Percentage Based Cashback Bonuses

Such bonuses give players the chance to offset a percentage of the net losses, which means that the winnings are subtracted from the total income.

Event or Game Orientated Cashback Bonus

These cashback bonuses focus on a particular game or are available during a limited period to mark a special occasion.

What are Wagering Requirements?

Wagering requirements are also known as playthrough requirements. WR are part of the terms and conditions for a no deposit bonus. Wagering requirements are multiplier rules associated with the promotion. It indicates precisely how many times Players must rollover the bonus before they can withdraw any funds.

How to Calculate the Wagering Requirement

A $20 no deposit bonus subject to a 30X wagering requirement means that players must wager their bonus amount a total of 30 X ($600 in bets) before cashing out any payouts. Any attempt to withdraw without meeting the playthrough requirement will invalidate the bonus + payouts in the account.

What portion of the offer is subject to wagering requirements?

The portion of the offer that is subjected to wagering requirements is usually indicated in the bonus terms and conditions. Wagering requirements can be applied to both deposit match bonuses and free spins bonuses, and in some cases, wagering requirements may also be applied to your deposit amount.

Tips

It is vital to exercise caution and play within your budget when claiming cashback bonuses. These are the tips you should consider to become a more effective and successful online casino player.

How We Rate

How Our Experts Rate Online Casinos and Gambling Sites: Reviewing casinos is what we do best, and we always make sure that we cover the vital information and essential factors. When considering which online casino to choose, we’ll provide you with the most up to date information on a casino’s security measures, payouts, player feedback about the casino, and much more. Take a look at the graph below for more info.

Aspects taken into account when rating is calculated

Our expert reviews will lend a helping hand to finding the best and most rewarding online casinos. By noting a casino’s game library, banking options, customer support, and all of the most important factors to consider when choosing a casino, our expert reviewers put the power in your hands.
Find out more about how we rate

Our Favorite Casino

Approved Approved
Favorite
Hot Hot

Wild Tornado Casino

9.7
Best for
Slots
Poker
Blackjack
Over 5390 games available

Excellent reputation since it was established.

Plenty of casino table and card games.

A helpful and friendly support team answers all your questions.

Fast withdrawals via various methods.

Accepts cryptocurrencies.


Payout Speed
1 hour
Features
3D Games
Arcade Games
Auto Play
Branded Games
9 more
Payment Methods

150% Match Bonus up to A$300 + 100 Free Spins

Welcome Bonus

OCR150
18+ Only, T&C Apply.

FAQ

This bonus will reimburse a part of your losses, so if you are unlucky, some of the money lost will be refunded. There are different types of cashback bonuses, each with its own specific rules.

The obvious advantage is that some of the losses will be offset, but the wagering requirements are low or nonexistent, so they are easier to claim.

Each cashback bonus has its terms and conditions and you need to carefully go over the rules first. Time is sometimes a factor, while on other occasions you are limited to a few qualifying games.

This depends exclusively on your preferences and gaming habits. Welcome bonuses are one-time opportunities that boost your bankroll greatly, whereas cashback deals provide steady rewards.

Discover More

Approved Casinos

The online casinos that brandished the Seal of Approval (aka SOA) are the ones capable of delivering the best gaming experience. They have scored maximum points in Security & Privacy, Casino Trust & Fairness, Customer Service, Banking options, and Reputation, which are all important categories.

Read More

Live Casinos

Explore the fascinating lineup of top casinos featuring live dealers and enjoy the action being streamed to your device. Play for real money and claim bonuses with popular games such as blackjack, roulette, poker, or sic-bo. Start on the right foot with our comprehensive casino guide.

Read More

Bitcoin Casinos

Check out the definitive guide for online Bitcoin casinos and gambling for casual and veteran punters. It checks all the important boxes and sheds light on Bitcoin as the cryptocurrency used by most gambling operators. You will find out how to use it at leading casinos and how to make the most of this secure and reliable payment method when playing your favorite games online.

Read More

Important Notice

By visiting this site, you certify that you are over 19 years old, and you are giving your consent for us to set cookies. We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. Read More