Traditionally, online casino bonuses have focused almost entirely on free spins and matched deposit bonuses. Offered to both new players and loyalty players, these offers are scalable, marketable, and guaranteed to impress.
It’s no wonder that we’ve seen so many of them. In recent years, however, we’ve also seen a new type of promotion, dubbed the “cashback bonus”. It is not as immediately impressive but it’s equally deserving of your time and on this page we will highlight the best cashback promotions available right now.
What is a Cashback Bonus?
As the name suggests, a cashback bonus gives you cashback on some of your losses. Also known as a rebate, it provides some security and allows you to bet more freely, knowing that you’ll get some of your losses back if you slip into the red.
In land-based casinos, cash rebates are offered to high-rollers to convince them to gamble in that casino and not to venture elsewhere. A high-stakes roulette player can negotiate a rebate of up to 40% on average, which means if they lose $10,000 they will get $4,000 of those losses back at the end of the night.
At online casinos, cashback bonuses work in much the same way. Often reserved for loyal players, they encourage members to keep depositing and playing even after they have burned through their new player welcome offer. They can also be included as part of a welcome bonus or as a more accessible alternative to a major matched deposit bonus.
One of the few downsides to these bonuses is that they don’t have much to offer you if you hit a winning streak. Cashback bonuses only pay when you lose. On the plus side, it can be seen as somewhat of a win-win. If you win, you’ll have some extra cash in your account and can withdraw a profit; if you lose, at least you can recover some of your losses.
How Generous are They?
Cashback bonuses can rarely compete with welcome offers, but as we often say, loyalty bonuses are by far the best offers in the online gambling industry and cash rebates work in pretty much the same way.
With a cashback bonus, you will not double or triple your money, but you also won’t need to clear high wagering requirements. There also won’t be limit placed on how much money you can bet or win, only on how much cashback you receive. Generally, cashback bonuses in the online casino industry offer between 20% and 30% of your losses back.
Where Can You Find Cashback Bonuses?
Land-based casinos don’t care about small stake players and save their cash rebates for the whales and high rollers. Fortunately, it’s a different story with online casinos, where these bonuses are typically offered to players at all levels.
We have highlighted some of the best cashback bonuses on this page. These bonuses are changing all of the time, so make sure you save this page and check back regularly.
Cashback Bonus Summary
Although it has existed in the casino industry for many years, the cashback bonus is often reserved for land-based casinos. It’s one that doesn’t always appeal to new players but has a lot to offer active, loyal members. You can now find cashback bonuses on countless top cryptocurrency casinos, some of the best of which are listed on this page.