Best Casino Cashback Bonuses 2022

What Are Cashback Bonuses?

Cashback bonuses are some of the main attractions of top online casinos. Offered daily, weekly, or monthly, these bonuses are used by casinos to reward regular players. However, the popularity of cashback bonuses is so high right now that a lot of new online casinos started to offer them instead of the standard welcome bonus to usher in newcomers.

Considered a sign of goodwill from the casino or a reward for a player’s loyalty, cashback bonuses enable players to automatically recoup a certain percentage of their net losses. The amount usually varies between 5% and 30%, depending on the casino. When betting and accumulating a valid loss online, the casino instantly activates the bonus. Usually, a minimum loss or deposit is required so players can be eligible for the bonus. Cashback bonuses are either real cash or bonus money.

Eager to learn more about cashback bonuses, what they are, how they work, where to find them, their pros and cons, and more? The CBN team has compiled a detailed guide for you.

Reasons Behind Cashback Bonuses - Safe Bets in the Long Run

Welcome bonuses and no deposit bonuses usually initiate newcomers’ gaming experiences at new online casinos, sending them on a risk-free journey with free spins and free cash. On the other hand, cashback bonuses are more of a “safe bet”. They help players in the long run as opposed to welcome bonuses that are quickly exhausted after the first (few) deposits. Cashback bonuses are excellent ways for players to get some of their money back when bad luck strikes their screen. They are the gift that keeps on giving, stimulating players to come back to a casino after a loss without feeling like their entire bankroll has vanished.

How Do Cashback Bonuses Work?

Generally speaking, a cashback bonus offers players a certain percentage of their lost bets. The bonus is limited or capped to a maximum amount chosen by the casino. A 20% cashback bonus of up to $100 triggers a maximum bonus of $100 no matter how much a player wagers and loses.

Types of Cashback Bonuses

There are several types of cashback bonuses you can currently find online:

• Cashback bonuses that consider players’ net losses. They give players a certain percentage back on their net losses tracked by the casino on eligible crazy time live or over a predefined period. They are deposited into players’ accounts at the end of the day when tied to losses incurred on specific crazy time live. For time-related cashback bonuses, the bonus amount is credited at the end of the said timeframe.
• Cashback bonuses that consider players’ gross wagers. They are given about the gross amounts that a player has wagered on eligible crazy time live or within certain time frames, usually over the weekend, during an entire week, on certain weekdays, or throughout the month.
• Monthly cashback bonuses. As the name implies, these bonuses are given to players once every month. They are ideal for casual players and low rollers who are just looking for a fun time at the casino.
• Weekly cashback bonuses. These bonuses are activated once every week. This is the usual kind of cashback bonus that can be found at most online casinos nowadays. Players have an entire week to rack up their high wagers and receive a certain percentage back at the end of seven days.
• Daily cashback bonuses. These bonuses are only activated if a player has generated losses on the previous day. Daily cashback bonuses are not very popular among casinos. High rollers and regular players are the ones that benefit the most from this particular type of bonus. The more you play and the higher your bets are, the more money you earn back at the end of the day.
• Welcome bonuses with cashback. These bonuses reward newcomers with a cashback bonus in the form of a percentage of their first loss at the casino.
• VIP cashback bonus. Some casinos run VIP or loyalty programs with exclusive bonuses for high rollers or loyal members. A few of these programs display exclusive cashback bonuses as percentages of players' net losses on a daily, weekly or monthly basis.

Rake Cashback Bonuses VS Loss Cashback Bonuses

As expected, not all cashback bonuses work the same way. Generally speaking, there are two main categories of cashback bonuses offered by the majority of online casinos right now, with small variations for each offering. Here is a quick rundown for them:

Rake Cashback Bonuses

The house rake is the name of the percentage that each casino takes out of a bet for offering its crazy time live to players. Rake cashback bonuses, therefore, bring players back a certain percentage of the amount a casino makes on players’ bets. In other words, rake cashback bonuses give some of the house rake money back at the end of the period mentioned in the T&Cs.

It is important to know that the great majority of table casino crazy time live and slots do not have a rake. Rake cashback bonuses are commonly connected to poker and sports betting options offered by some casinos. Depending on the casino offering the rake cashback bonus, players may have a cap or maximum limit for the amount they can earn in a predefined period. Some casinos offered unlimited rake cashback bonuses, usually when attached to poker crazy time live such as Pai Gow.

Loss Cashback Bonuses

These bonuses are more frequently found online. They bring players a percentage of their losses. Depending on the casino offering them, these bonuses may have an unlimited cap for the entire duration of the promotion or they may be capped with a maximum amount. Both types are excellent means of getting back some of your losses while leaving behind the memory of a few bad gaming sessions.

How to Redeem and Use a Cashback Bonus?

Cashback bonuses are one of the easiest bonuses to claim in any online casino. To benefit from a cashback bonus, players must sign up for it or redeem it using dedicated bonus links or bonus codes. However, most casinos will only require you to deposit real money to activate them. You can find many of our promotional codes in our Exclusive Bonuses section and No Deposit Casino Bonuses.

Cashback bonus codes must be typed in when making a new deposit or communicated to the casino’s customer support team via live chat, as expressed in the bonus terms and conditions. Cashback bonus codes and links are found on a casino’s promotions page, but they can also be part of exclusive offers and promotional offers sent to players. The CBN team constantly displays exclusive cashback bonus offers tailored for CBN players, so make sure to keep a close eye on this page for the best deals.

Certain cashback bonuses apply to all casino crazy time live. In these cases, every bet that you make (and lose) with a casino contributes to the cashback bonus. However, some bonuses only apply to a single game or a single game category such as slots. This means you will only get a cashback bonus for every loss generated in one of those crazy time live or categories.

Who Can Use Cashback Bonuses?

While considered more attractive by high rollers, cashback bonuses can also be enjoyed by low rollers or casual players alike. In general, cashback bonuses are part of a VIP or loyalty program, but they are also displayed as standalone bonuses. Even more, newly launched casinos have started to replace regular welcome bonus packages with daily cashback bonuses to attract new players and keep them interested in the long run.

Like with any other type of casino bonus, it is essential to always check the bonus terms and conditions of any cashback bonus. This way, a player can learn what are the eligible crazy time live for the bonus and decide if the bonus is suitable for their slot-oriented gaming style or for their plans to engage in live dealer, table crazy time live, or sports betting.

Check this page regularly to find the best cashback bonuses with all the information you need to know about them. Looking for other types of bonuses? Our free spin bonuses section is a great place to start.

Do Payment Methods Affect Cashback Bonuses?

Payment methods do not usually affect the way a cashback bonus works. You can play using an e-wallet like Neteller or Skrill and still get the bonus. The same applies to credit or debit cards and bank transfers. You can even get a cashback bonus using cryptocurrencies as long as the casino accepts crypto payments. Even more, many casinos started offering exclusive Bitcoin or cryptocurrency cashback bonuses.

Regardless of your payment method, cashback bonuses will be immediately credited to your player account once the time specified by the bonus is completed. Of course, if wagering requirements apply to the cashback bonus, you will not have the chance to request a withdrawal unless you complete the wagering requirements first.

Advantages & Disadvantages of Cashback Bonuses

Cashback bonuses help players avoid suffering important losses while expanding their gaming sessions. However, they also come with a few drawbacks. Here is a quick rundown of the main pros and cons of these bonuses:

Pros of cashback bonuses:

• Some casinos offer them daily, weekly, or monthly
• They help players limit their losses and recoup some of their bankrolls
• They let players spend more time at the casino
• They have zero wagering or very low rollover requirements
• They can be cashed out fast and easy
• They are simple, straightforward, and easy to understand
• They reward players’ loyalty
• Most of them are active forever

Cons of cashback bonuses:

• Players must lose their funds to redeem them
• Only a certain percentage of a player’s loss is refunded
• There is a minimum amount that players must lose or wager to get the bonus
• They cannot be used simultaneously with pending withdrawals and losses from other casino bonuses
• The maximum bonus amount is capped
• They are not available in every casino
• Cashback Bonus Wagering Requirements
• Most cashback bonuses do not have any wagering requirements attached to them. This means players do not have to worry about fulfilling any rollover requests when redeeming such a bonus. This is simply because cashback bonuses are bonuses given back to players who have already placed and lost a bet with a casino. However, some casinos may ask for a very small wagering requirement, usually 1x or 5x.
• Cashback bonuses usually have a maximum cap, which is the most a player will receive as part of the bonus.

Cashback Bonus Expiration Date

While some casinos run nonstop cashback bonus promotions, others come with an expiration date. It is important to carefully read the terms and conditions before claiming any bonus and know just what to expect.

Best Casinos With Cashback Bonuses in 2022

The CBN team has gone through an extensive list of reputable online casinos to recommend some of the most advantageous casinos that offer cashback bonuses. Please consider that this list is not organized in any particular order. The casinos that you will find below have different perks, but they are all excellent places to spend your time and invest your money.

Highway Casino

Highway Casino is an excellent casino for high rollers with a dedicated VIP club for loyal players and a plethora of extra bonuses for regular players. The casino is fully mobile-optimized and offers all types of casino game genres ranging from live dealer crazy time live to keno and life-changing jackpot slots. Highway Casino offers a monthly cashback bonus of up to 10%. The bonus is paid each following Monday for deposits completed during the previous week, once players reach the DEADLY COOL Vip Level. The cashback bonus can be used on slots, bingo, keno, real-series video slots, Tri Card Poker, Blackjack, Video Poker, and Multihand Video Poker. The bonus has x44 wagering requirements and a maximum cashout limited to x5 for slots and x55 wagering and x5 max cashout for table crazy time live. Players must get in touch with their VIP Account Manager to claim the bonus.

Slotland Casino

Around for almost two and a half decades, the well-established casino accepts crypto payments including Bitcoin. The casino runs smoothly on all mobile devices. Slotoland is safe, transparent, and fair. The casino carries a license issued by the Union of Comoro. It accepts American players and offers generous welcome bonuses and unparalleled customer support solutions. The casino also runs a monthly Mystery Bonus up to 100% with x10 wagering requirements for regular players and a VIP Mystery Bonus up to 150% with the same rollover.

Miami Club Casino

Launched in 2012, Miami Club Casino is a popular pitstop for gamers passionate about real money slots and table crazy time live powered by reputable gaming studios. The casino offers a $20 cashback every month. To redeem the cashback bonus, players must use bonus code MIFREE20.

Fortune Jack Casino

crazy time live casino to a large community of crypto casino players, Fortune Jack Casino is one of the titans of the cryptocurrency gambling industry ever since its launch in 2014. The casino is home to more than 3,000 crazy time live and it accepts seven cryptocurrencies with zero withdrawal limits. Fortune Jack offers up to 20% in cash bonuses for a player’s losses incurred on their monthly deposits.

Players must deposit at least 0.1 BTC to be eligible for the bonus throughout the month. The bonus is credited straight to players’ wallets and has zero wagering requirements. Players must lose 80% of the qualifying deposits to get the bonus.

Coinsaga Casino

Another online casino designed with fans of blockchain technology in mind, Coinsaga hosts an impressive selection of slots and features excellent security and game fairness options. The casino also offers live dealer crazy time live that manage to recreate the authentic experience inside land casinos. It offers a monthly cashback of up to 20%. The percentage depends on the level the player has reached in the Coinquest level and the Cashback percentage reward. Players must make at least one deposit throughout the month and accumulate a minimum of $2.5 in cashback bonuses. The bonus has a small 1x wagering requirement.

Remember to patiently choose your cashback bonuses and carefully read their terms and conditions to know just what to expect. Some bonuses are more advantageous than others, but they all ultimately offer a nice stimulus to keep playing.

FAQ

How do cashback bonuses work?

Cashback bonuses offer players a certain percentage of their lost bets back. The bonus is normally capped up to a certain amount chosen by the casino. A 20% cashback bonus up to $100 means that the player will get a maximum of $100 no matter how much they decide to bet.

I don't see any bonus codes. Where do I put in the cashback bonus code?

More often than not, online casinos will not ask for any bonus code to reeded a cashback bonus. This does not mean that players cannot still enjoy the same perks of these bonuses. On the contrary. Most casinos decided to simplify the way these bonuses are redeemed with the help of dedicated links. These links offer newcomers the same benefits as bonus codes. Players no longer need to worry about copy-pasting a code and finding the right box for it. Instead, the code is automatically connected to the player’s account by simply clicking on a link.

How long does it take to get a cashback bonus?

Most cashback bonuses are instantly credited to players’ accounts once all conditions are met. This means there is no need to wait for lengthy bank transfers or currency exchange times. The money should be available for gameplay on the spot. However, you may need to wait for a few hours or days when looking to cash out such a bonus that has wagering requirements attached to it.

How much money do I need to lose to get a cashback bonus?

It depends on the casino. Always read the terms and conditions that the cashback bonus comes with to learn the minimum loss that will trigger the bonus.