Cashback bonuses are some of the most commonly available offers at online casinos in Canada. Basically, these are loyalty rewards for those who regularly spend and are a great way to boost your bankroll. Usually, casino operators use these and other types of promotions as incentives to retain customers.
Cashback bonuses give players an opportunity to keep playing even after a loss. Simply put, they serve as a cushion when you lose and can be a chance to earn back some cash. To qualify for these promotions, however, you’d have to meet a few criteria. But more about how cashbacks work and how to claim yours you’ll find in this full guide.
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How Do Casino Cashback Bonuses Work?
Generally, real money online casinos offer cashback bonuses to players after they have achieved a certain feat. Usually, a cashback opportunity is available after you’ve made a qualifying deposit and/or spent enough on a particular game. They come as a percentage of your losses back to your casino account which you can use to play more. Unfortunately, these bonuses cannot be withdrawn as real money right away.
Terms and Conditions
Unfortunately, most casino bonuses and promotions come with fine print and you should always read it. In order to withdraw your cashback bonus, you’ll have to satisfy its terms and conditions. Generally speaking, the bonus itself is not withdrawable but every casino is different. On the bright side, your potential winnings from the bonus can be cashed out if you meet the wagering requirements. As long as you play through the lot enough times you can take it home.
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Types of Cashback Bonuses
Cashback bonuses are not all the same – there are a few different kinds you might encounter, including:
The most common type of casino cashback bonus is the percentage cashback. In simple terms, the casino will give you back a percentage of your losses in order to keep you playing. This bonus could be applicable to a certain game or your total losses.
Welcome Bonus with Cashback
Most online casinos in Canada nowadays offer a welcome bonus to newcomers. This is a great opportunity to boost your bankroll right from the start. Usually, welcome bonuses come as deposit match offers but sometimes you can get cashback as part of the deal, too.
Occasionally, cashback bonuses may have a time limit to the offer. While some casinos might only give cashback as a one-time deal, others will have these available regularly. Alternatively, the cashback may be applicable to your losses over a certain period.
A good online casino will most certainly have a VIP program for the most loyal members. These are a tool for operators to keep high rollers happy and offer them exclusive perks. Occasionally, these VIP perks could come in the form of daily, weekly, or monthly cashback opportunities.
Free Spins and Cashback
The most competitive gambling destinations regularly add to their casino games selection to keep up with demand. Of course, new titles need promotion, and casinos might offer free spins and a cashback combo. This way players can test slots games risk-free.
Are Cashback Bonuses Worth It?
There are quite a few advantages but also some disadvantages that come with opting for a cashback offer. But of course, whether the pros outweigh the cons is up to you.
- Keep losses to a minimum – With a cashback bonus under your belt, you could minimize the amounts you lose since some of that will come back to your account.
- Play longer – Of course, the higher your bankroll, the longer you can play and cashback is a great way to boost your resources.
- Friendly wagering requirements – Unlike other types of casino bonuses, cashback offers usually have rather low wagering requirements. Hence, you can cash out much more quickly.
- Cashback for weekly losses – is something a generous operator might offer you. If you come across such a deal – it’s certainly worth it.
- You must invest to claim the bonus – Naturally, to get a cashback on your losses you’d need to have some losses. In other words, to get this bonus you would have to invest some of your cash.
- Recover only a part of your losses – Although cashback can reduce a loss, it only covers a part of it and you still lose money.
- Time-limited offers – Unfortunately, most cashback bonuses apply to a certain time period or are valid during a given period.
- Casino-specific deal – Of course, cashback bonuses only apply to your losses at the casino that offers you the deal. Often, if you have a pending withdrawal you can’t qualify for this bonus either.
- Maximum cap on withdrawals – Most casinos will limit the amounts you can claim and also require a minimum wager/loss to give you cashback.
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Much like all other things casino-related, there are a few terms you should be familiar with when it comes to cashback. Here are a couple of the most important ones:
Rating – A casino’s rating is indicative of the quality of its service;
Bonus – A casino offer/promotion that rewards you with cash or otherwise opportunities to play for free;
Code – Sometimes casinos require you to enter a bonus code (a symbol combination) to activate the bonus;
Frequency – How often cashback is available – daily, weekly, or monthly is their frequency;
Wagering requirements – the number of times you must wager your winnings to qualify for withdrawal;
Deposit – The amount of money players transfer to their casino accounts in order to play.
Time to Play
Casino cashback bonuses are an excellent way to minimize your losses and keep playing longer. Many online casinos in Canada offer these deals, sometimes even regularly. However, much like other bonuses, these come with several terms and conditions. Remember to always read the fine print and weigh the pros and cons before committing. Head to our casino reviews next and discover what the top gaming destinations have on offer.
Unfortunately, no. All casinos have different offers but many Canadian operators have cashback opportunities.
It depends on your casino but generally, you’ll have to have some casino losses to qualify.
Generally, no but you can cash out your winnings once you satisfy the wagering requirements.
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