Cashback Casinos in Canada 2023

So, what is a cashback bonus? A casino cashback bonus is simply a refund of money lost while playing games on a site. The offer is usually made available to loyal players at a site but may also be given to new players in rare cases.  There’s hardly any casino player that won’t like to get back some of the money lost while playing. This is why the bonus keeps getting increasingly popular by the day.

You can find it at several Canadian online casinos. Interested in learning more about the casino cashback bonus? In this guide, we have explained the cashback bonus in detail. You will learn how it works and discover how to seek a good cashback casino.

The casino cashback amount is calculated as a percentage of the losses you make during a specific period. The percentage rate usually lies between 5% to 25%.  It is determined similarly to the deposit match bonus. However, the percentage of a cashback bonus applies to the loss made instead of the deposit amount. The deposit amount may only determine the maximum cashback amount you qualify for.

Also, the wagering requirement is usually way smaller. And if luck is on your side, the casino may not even have a wagering requirement.

The period over which you qualify for a cashback is also determined by the casino. Cashback offers could apply to daily, weekly, or monthly losses. However, there’s usually a minimum amount to wager before you qualify for a cashback. There’ll also be a maximum cashback amount.

Let’s consider an example:

• Assume that Casino A offers a weekly cashback bonus of 25% up to C$100.
• If you wager and lose C$100 during that week, you qualify for a C$25 refund. If you lose up to C$500, you’re supposed to get a refund up to C$125. Yet, because the maximum amount is C$100, only C$100 will be returned to your account.
•  Also, if it has a minimum wager amount of C$50 and you bet with less than that, you won’t qualify for the bonus.

• Cashback with welcome bonus. This is an offer to reduce the betting risks for new players. You qualify to get the bonus after wagering and losing your first deposit amount. There’s usually a minimum amount you must deposit to qualify.
• Cashback on losses. These are refunds from your losses made while playing games. It is usually available to existing players on a site and not new players. The bonuses can be offered daily, weekly, monthly, or during special promotions. It can also be for a single game or a selected number of games.
• Cashback on total bets. This form of cashback is determined by the total amount wagered and not the amount lost. The offer gives you a percentage refund of your total bets during the specified period. You might also be required to make a new deposit.
• VIP program. The VIP cashback offer is designed to reward loyal players on the site. Many casinos usually have a VIP reward system that involves levels and ranking of members. The higher you are in the VIP structure, the better the cashback offer you’ll get.

You shouldn’t get too excited about the cashback bonus and forget that there are terms and conditions to guide the usage. Each casino has its bonus terms, thus, you must familiarise yourself with them before claiming any cashback offer. A good casino will make sure that players can readily access its bonus terms and conditions page. If you notice that the bonus terms of a casino are hidden or unclear, avoid the platform. Some terms which must be clearly stated include the wagering requirement, validity period, cashback percentage, maximum withdrawal amount, and bonus amount. These terms help to determine the best cashback sign up bonus offers.

To avoid being scammed, it is important to know how to find a good cashback casino bonus. Some casinos tend to offer high amounts of the bonus to attract players but set difficult conditions that ensure the players never benefit from the offer.

Below there are some important parameters to help you choose the right offer:

• Cashback percentage: High
• Validity period: Long
• Bonus size: High
• Games restrictions: Little or None
• Wagering requirement: Low or None

If a cashback bonus checks all the above parameters to your taste, it is the right offer for you.Here on our site, we present you with a list of the top platforms with the best cashback casino bonus deals. Simply go through our list to select a suitable one.

• It softens the blow when you lose. When you lose, the casino helps you lessen the burden by giving you a percentage of your lost bet. With this cashback, you can play more on the site even when you’ve used up a real money deposit.
• Rewards for loyal players: You don’t have to move from one casino to yet another down the line for new bonuses. Just keep playing and the cashback will be your helping tool in enjoying more game time.
• Wager-free requirements. You might be lucky enough to find a no-wager cashback bonus. When this happens, you can withdraw your wins without limitations. And even when there is a wagering requirement, it is usually very low anyway.
• Simple and straightforward offer. The bonus is very easy to understand. You don’t have to follow several steps to claim it. The only thing you might have to do is opt-in or confirm that you want the bonus.