A cashback casino bonus is money in your pocket! Today’s online casino industry bends over backwards to reward its players and make them feel welcome. One such effort is cashbacks by which you get a certain percentage of free money back if you happen to lose. Now that’s a nice safety net!
A cashback is a beneficial type of casino bonus. Basically, it’s a generous discount which returns a certain percentage of your losses right back into your account. Whatever you get back, you get in cash.
Often within gambling the common talk is about RTP% (Return To Player Percentage) and the house edge, which both indicate what chances of winning you stand at any given game.
But cashbacks are different, for as a blatant loss may normally discourage a player from fully enjoying their casino experience, a cashback is a consolation prize. It ensures no Canadian player walks away empty-handed.
Practically speaking, cashbacks have significant impact on your chances of winning as they make your money last far longer.
As we have stressed time and again, the main approaches to gambling online should be those of entertainment and recreation. Winning money should be a positive side-effect as the odds are always stacked against the players, however little. In this sense, a casino cashback is a mere extension for you to keep on enjoying yourself and your favourite online casino game.
Historically, cashbacks were given to high rollers only. But in this day and age, they’re handed out more liberally. Proportionally they are just as valuable to a small stakes low roller as they are for a big time casino whale.
Despite cashbacks being an absolute favourite of online slots players, any player of any casino game can wager this type of unique bonus at any game of their choosing. A cashback is your money to do whatever you please with.
Typically, a casino cashback has a total amount match or a percentage match for every sum used in a bet. This means that in order to claim your cashback certain criteria need to be met first, typically wagering your loss a certain amount of times before it can be fully redeemed. The number of times the cashback bonus needs to be wagered will differ entirely depending on the online casino and the size of the bonus. The larger the cashback, the higher the typical wagering requirements.
So what then is the difference between a welcome bonus and a cashback bonus? Whilst welcome bonuses support new players to try their luck, cashback bonuses are there for existing players to make their money last longer.
Always, always read the terms and conditions first. Cashback bonuses nearly always come with certain wagering requirements. It’s a rare thing that you can simply get your cashback reclaim without fulfilling certain pre-communicated criteria. This is for the online casinos to protect themselves from getting exploited. Hence, by reading the terms and conditions, you will know precisely what you may to expect from the casino and what the casino may expect from you.
The concept behind a cashback is generally not overly complicated. It can be rather neatly summarized by the following four steps.
Fundamentally, a cashback bonus is an online casino expenditure that benefits the players. Not only is it a gesture to make your money last longer, it is also a means of competition for the online casinos to attract customers.
The short answer to the headline question about downsides and risks is “it depends …”. Depending on the terms and conditions, some cashback bonuses are just as great as they first come across, whereas others may come at significant wagering requirements or other special rules. The best cashback bonuses are, in our opinion, the ones with none or low wagering requirements.
This again underlines the importance of reading up on the terms and conditions in advance, so that you can ensure you get the best cashback deals possible. And to help you along the way, we have put together an extensive list of the best cashback deals available in Canada in 2023, and what exactly they entail, so you can find the ideal ones for you.
However, as a whole, cashback bonuses are free money in your pocket. So as long as you are well familiar with the actual requirements, there are no known downsides or risks with cashbacks. For as a matter of fact, cashback bonuses tend to have lower wagering requirements than any other bonuses available.
Different online casinos come with different flavours. Not all cashback casino bonus offers are the same. The following are the most common cashback casino alternatives in Canada in 2023.
So what about those VIP schemes? They sound mighty enthralling, don’t they? So how then do you go about to get them?
As with everything else, this mainly comes down to the online casino. Some have higher bars than others. Generally speaking, though, a VIP incentive all comes down to your gambling style and needs. Some games are more likely to generate a good VIP refund cashback scheme than others. Regularity and loyalty are other factors that puts you in a good spot for a high-level VIP rank. If you are a loyal and returning customer already and you are not registered on a VIP scheme, it may be well within your own interest to sign up to one. Contact the online casino host or customer support for proper directions.
So what then constitutes a good versus a bad cashback? For surely, they cannot all be the same, can they?
Firstly, it’s of the essence to choose a serious and reliable online casino. For what good does it make if you’re promised the world, yet when push comes to shove you get nothing at all? If you stick to our casino recommendations, you’re on safe, dry land. And all of them are listed together with the best cashback bonuses in Canada.
So, once you’ve found yourself a tried and true online casino the following pointers all make for good cashback bonuses.
Do note that most cashback bonuses are strong in one or two fields, but not the others. Few will be unrestricted. If it seems too good to be true, it’s probably not. In some rare instances, however, exceptional conditions apply, so it might pay to keep your eyes open. And if you are a high ranking VIP, you may be regularly treated to unparalleled cashback opportunities.
Most commonly a high percentage cashback bonus will be capped or within tight time limits. Or, in case the cashback offering is huge, it may come with a very high wagering. Under normal circumstances the best cashback bonuses are the ones that offer a high percentage and high or no limits to the claimed amounts. Those may truly be worth exploiting in full.
As we can tell from the list above, the reasonably ideal cashback bonus offering is a strong combination of at least three of the pointers. The rest comes down to your personal preferences as a high wagering may be of less importance to certain individuals if the bonus is uncapped and allowed at high RTP games such as baccarat.
Who then are we, and why should you trust us? We have extensive experience from the casino industry, which we have put to use by testing and trialling every online casino around in Canada. If a new online casino emerges on the gambling scene, we are the first one to test it, try it, research it, check for its licenses, reputation, customer service and anything you could possibly think of. The list of casinos is long. What we have done for you is to narrow that list down to the top candidates depending on what you are looking for.
In this instance, if you look for the best online casino cashbacks in Canada in 2023, then we have identified the best online casinos for you to try. The same goes for anyone looking for the best welcome bonuses, the best customer support, the best payment options casinos, or anything else that may be of value to present-day gambler enthusiasts.
On that note we hope you will find precisely what you are looking for. It’s all here. And don’t forget that cashback bonuses in any form are free money in your pocket. Use it, and use it wisely.