Cashback Casino Bonus: Get Returns, Rakeback, Rebate
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Finding the best cashback bonus in 2024 can be a mind-boggling experience. Fortunately, our betting experts have saved you the time of effort of having to search for yourself. They spent days researching the best cashback bonus programs.
While this took a long time, at the end of the day, we believe it was worth it. So much so, that we put together this casino cashback bonus review. Let’s take a look at what they uncovered.
Useful Stats & Facts:
- 90% of the top online casinos offer their customers casino cashback bonuses.
- The average cashback casino bonus pays 5% to 20% of the player’s net losses.
- Typically, most players receive up to $100 in monthly cashback bonuses.
- Online casinos that offer cashback bonuses have a 40% higher player retention rate than those without a cashback bonus program.
- Most cashback bonus programs are geared towards slots, which is what 70% of players prefer to play.
Katerina Gadzheva, iGaming Reviewer & Writer
As a betting expert and someone who has played online for over 10 years, I wrote an interesting article about the best online casino bonuses. I also helped Silentbet rank the best cashback casino bonuses for 2024.
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Which Casinos Have the Best Retention Cashback Deals?
We have reviewed and ranked the best retention cashback deals. With 3 of our experts spending over 100 hours analyzing each program, here is a summary of their results:
- #1 Stake – Monthly and Weekly Cashback Bonus
- #2 Roobet – Daily, Weekly, and Monthly Rakeback Bonus
- #3 1xBet – Highly Rated VIP CashBack Bonus
- #4 Betano – Best LiveCasino Cashback Bonus Online
- #5 Vave – Best Cashback Welcome Bonus Offer
- #6 BC.Game – Innovative Money-Back Program
- #7 Crypto Leo – Instant, Weekly, and Monthly Rakeback Bonus
- #8 HeySpin – Top-rated Retention Program
- #9 MyStake – Monthy Crypto CashBack
- #10 FortuneJack – Cashback Loyalty Program
How Did We Choose the Best Refund Bonuses?
When we choose the best refund bonuses online, we rank a bonus based on its value and merit. During the ranking process, we consider the following:
- Cashback Amount – One of the things we consider is the cashback amount. Typically, we favor cashback bonuses that range from 5% to 20%.
- Cashback Frequency – The frequency of a cashback bonus plays a part in the ranking process. Some cashback bonuses are paid monthly, while others are daily, weekly, and monthly.
- Terms and Conditions – Another factor we consider is the terms and conditions. Some cashback bonuses offer wager-free play, while others have wagering requirements.
Katerina Gadzheva, iGaming Reviewer & Writer
I use specific ranking criteria to determine the best refund bonuses. It allows me to rank a refund on merit, versus my likes or dislikes.
What is a Casino Cashback?
A cashback casino bonus is a promotional offer that is awarded to players by an online casino. A cashback reward program allows players to get a specified percentage of their losses back as a cash refund. Typically, this amount is calculated on a player’s net losses and is subject to T&Cs such as cashback limits and wagering.
Pros & Cons
- Rewards regular players
- Reduces losses
- Extends playtime
- Low/no wagering requirements
- You have to suffer losses to get bonus
- Game restrictions may apply
How Does Cashback in Casinos Work?
Unlike deposit bonuses or no deposit bonuses that require you to deposit or sign up at a casino, a cashback bonus is based on the amount you deposit and wager. As a result, to get the bonus, you must accumulate losses on a specific game. Every time you do, a portion of your bet is returned to you as a rebate or cashback bonus.
Typically, this type of bonus is free of any wagering requirements, and in many cases, few other terms apply. However, it is not uncommon for there to be max cashback bonus limits in place, and in rare instances, wagering requirements may be applicable.
How To Claim Your Cashback Returns?
Like any other promotional offer, you must manually claim your cashback bonus. This process is pretty straightforward and usually requires you to:
- Log into your casino account.
- After that, navigate to the cashback bonus page.
- Then, click the “Claim Bonus” or “Claim Now” button.
- Lastly, agree to the bonus terms.
What Are Some Types of Casino VIP Offers?
Every casino VIP offer involves money that you have deposited. Redeeming a cash back rebate or reward money usually is resultant of your being part of a loyalty program. Some are a points vs cash program and others are based on one of the following:
Money Back on Losses
A money back on losses promotion gives you back a percentage of your losses. This type of promotion is usually free of any wagering conditions and will be based on your net losses.
Money Back on Wagers
A money back on wagers offer is a bonus that will give you back a portion of the amount you wagered. This type of bonus is less common than a cashback bonus as the percentage awarded tends to be low.
Money Back on Deposits
Money back on deposits bonuses are based on the accumulative amount you deposited during a specific period. Typically, this type of bonus ranges from 10% to 15% regardless of whether you won or lost.
Daily, Weekly, or Monthly Cashback
Daily, weekly, or monthly cashback bonuses are bonus amounts that are transferred to your account at the end of the day, week, or month. The percentage awarded varies, as does the cashback percentage.
VIP Cashback
This type of cashback bonus is exclusive to VIP players. Similar to other cashback bonuses, the bonus amount will be based on wagers and or deposits and will be determined by your VIP level.
How To Find the Right Rakeback Bonus for You?
Finding the right casino cashback bonus for you to deposit and play with can be a finicky process. Fortunately, we have a few tips that you can use to find the right rake bonus for you.
- Check the maximum rakeback bonus: Rakeback bonuses differ from casino to casino. Always check the maximum rakeback bonus to ensure you get the highest possible percentage back on your net losses.
- Verify the redemption process: Every casino has a different rakeback bonus redemption process. Some casinos require you to redeem a bonus manually, while other rakeback bonuses are automated.
- Look for game exclusions: Some rakeback bonuses have a list of excluded games. More often than not, table games and live dealer games are ineligible for rakeback bonuses.
- Check the T&Cs: Be mindful of the terms and conditions that govern a rakeback bonus. Some will include wagering conditions, while others will cap your bet size, how much you can win or the amount you can withdrawal.
What Are the Casino Cashback Terms?
Here are all the refund offers terms you will need to keep in mind.
Wagering / No Wagering
Most cashback bonuses have wagering terms. Some cashback bonuses have wagering requirements, while others do not. If there are no wagering requirements, you are free to withdraw the bonus.
Valid Through Period
It is important to remember that a cashback bonus is not forever. Some cashback bonuses will be valid for 24 to 72 hours, others will be valid for a week and some are valid for a month.
Win Cap
Depending on the casino, there may be a cap on the amount you can win from a cashback bonus. If an amount is specified, any additional monies won will be forfeited.
Game Coverage
Most cashback bonuses are usually valid for a specific type of game. Typically, this will include slots, but some games such as those in a live casino are excluded.
Comp Points / VIP Status Requirement
Comp point bonuses tend to correlate with one’s VIP status. To cash in comp points, you need to meet the VIP status requirement.
Katerina Gadzheva, iGaming Reviewer & Writer
I always read cashback terms. They govern the amount of cashback I receive after gambling and whether the bonus must be wagered.
What Mistakes to Avoid When Claiming Your Cash Back?
Can you make a mistake when claiming a cash back bonus? So what are some of the mistakes to avoid, here are a few:
Mistake #1: You Have Not Met The Minimum Cashback Loss Threshold
Most cashback bonuses have a minimum loss threshold that must be met. If you have not met the threshold, you will not be eligible for a cashback bonus.
Mistake #2: You Forgot To Activate the Bonus Manually
If a cashback bonus requires manual redemption, and you forget this step in the bonus redemption process, you will not receive your bonus. Check the T&Cs to see if manual activation is required.
Mistake #3: Unfulfilled Wagering Requirments
After claiming a cashback bonus, some will require you to wager the bonus before it can be withdrawn. Make sure you review the T&Cs to see if you have to wager your bonus before you withdrawal.
Bottom Line: How To Maximise Your Cashback Returns
Anyone looking for the best casino cashback bonuses on their losses will find multiple offers they can avail. However, based on our research, we think Stake, Roobet, and 1xBet have the best cashback bonus offers. They include daily, weekly, and monthly cashback bonuses, as do many of the other operators we mentioned in our Best Retention Cashback Deals 2024.
FAQs
Who qualifies for a cashback bonus?
All players who have met the minimum cashback bonus requirement qualify for a cashback bonus.
Are cashback casino bonuses legal?
Yes, cashback casino bonuses are 100% legal if you are playing from a regulated betting jurisdiction.
How do I get a refund from the casinos?
To get a refund from an online casino, you must be a depositing player who has wagered real money in the casino.
Do I get to withdrawal money with my refund?
Yes, as long as you meet the bonus withdrawal terms, you get to withdraw your refund money.
Are online casino cashback bonuses free?
No, you can only get a casino cashback bonus if you have accumulated losses from real money wagers.
Can I get cashback returns on my wins?
Yes, some casinos like Stake and Roobet award cashback returns on your bets, meaning you still get a cashback bonus if you win.
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