A casino cashback offer is, exactly as its name suggests, a casino bonus which will give you cash back when you use your funds and lose. For those sad times when you lose your funds, the casino will grant you a percentage of that loss back!
For example, if you deposit $1000, all in one deposit or over several smaller deposits, and play your favourite casino games but are unlucky and end up losing it, but then claim a 25% casino cashback bonus, your luck will turn.
Cashback offers are generally awarded as a percentage of your net loss over a certain time frame (a week or a month most often). This means that you will get 25% of $1000, so $250 back.
Unlike other types of bonuses, casino cashback offers don’t have large wagering requirements, most of them have just 1x.
SlotsCalendar Advice: If a cashback bonus has over 1x then something is most definitely weird and wrong and you should pay attention to the terms and conditions and stay away from that offer because it’s a fake cashback offer.
Basically, these offers will give you a chance to win back your money and maybe even turn a profit if you get lucky. While other bonuses offer you free spins or cash, or something extra when you top up your account to help you have more chances of winning, cashback casinos offers help you lose less and maybe turn that loss into a win.
Types of Casino Cashback Bonuses
There are several kinds of online casino cashback offers you can claim and each one of them has something to add to your casino experience. Of course, each player prefers a certain type more than the others as it fits better with his/her gambling style. These are the most commonly encountered casino cashback offers:
- Welcome Bonus – Many cashback casinos offer this kind of bonus. In case you are unlucky on your first time playing at that particular casino, the operator shall give you a chunk of what you’ve lost from the session resulting from your first deposit. It comes as a percentage bonus added on top of a regular welcome bonus with either just a match up offer, or a match up and extra spins.
- Cashback for Existing Players – this one is quite similar to the first one, only this time it isn’t for new players, it’s for existing customers. The reload bonus will also give you cash back on the net losses of the previous week.
- Cashback for VIP Players – especially created for VIP customers, this one is earned as you level up and get FPP (frequent player points). As your VIP level increases you’ll get better and better VIP promotions, including special tailor-made cashback bonuses that are usually higher than the rest.
- Daily/Monthly Cashback – you can get cashback bonuses from some casinos on a daily, weekly or monthly basis. This means that, theoretically, you get an extra chance to cut your losses and even improve your overall winnings.
Best Cashback Casinos 2024 for UK Players
In the table above you will see the top five online casinos that offer cashback bonuses this year, the creme a la creme, as they say. We’ve scoured the internet and checked every bonus carefully. A super thorough analysis has been conducted by our team of experts and we’ve tested each offer to make sure that we really are giving you the best offers possible.
How to Get a Cashback Bonus at an Online Casino
In case you are interested in this type of offer you should know specifically how you can claim it. Luckily, the process isn’t too long or complicated and you may easily get it with no issues. In case, for some reason you get stuck on any of the steps you have the option to contact the customer support team and they will help you as soon as possible.
Here are the nine easy steps from finding the bonus to claiming it, enjoying it and cashing out any winning:
- On this SlotsCalendar page, check out all the available cashback bonus offers and read more about them to see which one fits your needs.
- Read the terms and conditions to make sure it’s the right offer for you.
- Hit the Claim It button
- After you’ve been redirected to the online casino sign up or sign in.
- If the offer has a bonus code, use it by adding it in the Cashier section of the casino.
- Check to see if a deposit is required, and if it is, make the necessary deposit.
- If the offer applies to losses over a certain period of time, it will be activated only after that time frame has passed and you have losses.
- After you receive the bonus, you’ll most likely have to wager it just once (1x)
- Play the available games with the offer and cash out your winnings.
Pros & cons of Casino Cashback Bonuses
As with everything in life and the online gambling world, there are several benefits and drawbacks to this type of offer as well. Below you can see all the main pros and cons to claiming a cash back offer:
Pros:
- Can help you cut loses
- Doesn’t require an additional deposit
- A reward for loyal players
- No wagering requirements or max 1x.
- A safe and smart way to play
- You don’t have anything to lose when you use this kind of offer
Cons:
- Usually under 25%
- Have maximum caps
- Not all casinos offer this type of offer
Conclusion: Are Cashback Bonuses Worth it?
If you find the right offers, all types of deals are worth it, it just depends on what you find and what your gambling style is. But, generally speaking, cashback casinos bonuses are the kind of promotion that all players can benefit from.
While the other types of offers available on the market will help you play more and with more funds, this one is focused on helping you lose less. In fact, using cash back offers is exactly the kind of smart and responsible gambling we keep preaching. Online gambling should mainly be about having fun, not about making a profit. So if you have the option to get back some of your losses why not go for it?
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