Besides the ubiquitous welcome bonuses, cashback offers are some of the most appealing promos online casinos offer these days. They are straightforward, and even though they don’t return all of your funds, they return enough for them to be worthwhile to players.
But besides that, what do you have to lose?
Usually nothing, except for the money you can lose while playing casino games, but since you’re risking that money anyway, it’s always good knowing that you can get some of it back if you lose it.
So, with that in mind, I thought I’d give you more information about these bonuses, how to claim them, and most importantly, which casinos have some of the best cashback bonuses.
Where Can I Find Online Casinos With the Best Cashback Bonuses?
This one’s easy — you can find them right here on Casinousa.com.
We make sure to recommend only the best online casinos for our US readers, and many of them have or occasionally have cashback offers.
We’ve been in the business of finding the best online casinos for a long time, and we know which casinos have some of the most attractive bonuses and promotions, including cashback offers.
Some online casinos with compelling cashback offers are Wild Casino, Lucky Tiger Casino, Palace of Chance Casino, Mohegan Sun Casino, 321Crypto Casino, Casino Brango, CryptoSlots Casino, and many others. However, you can find many others here on CasinoUSA.
What Is a Cashback Bonus?
Essentially, every casino bonus that refunds a percentage of the money you lose over a certain period is a cashback offer.
They differ from casino to casino, but they still follow this simple format, and it is also what makes them so popular among players. Due to their nature, they work as a sort of insurance against losses, even though they don’t recuperate everything you lose.
What Percentage of My Money Do I Get Back From a Cashback Offer?
Every cashback bonus covers a certain percentage of the money you lose — never all of it. Even the best offers will only cover up to 30% of your losses, rarely more.
In most cases, though, cashback bonuses cover somewhere between 5% and 25% of the money lost. If the percentage is higher, the bonus terms become tougher, just as they do with other casino bonuses.
Cashback Offer Limits
All cashback offers, including the best ones, have either a time limit attached to them or a limit regarding the funds they cover. In many cases, the two go hand-in-hand, or in other words, the bonus covers your lost funds during a specific day and up to a certain limit — usually around $100, sometimes more.
The good thing is that even when the cash limit is low, the bonus is still a recurring one, so you can claim it again after a few days or weeks.
Can I Get a Cashback Offer While Playing Any Casino Game?
It depends on the casino. However, online casinos that offer the best cashbacks will ensure that they cover as many games as possible, usually an entire type of casino game.
In most cases, that will be slot games, but since they are the most numerous, this is usually the best you can hope to get.
Wagering Requirements on Cashback Bonuses
It depends on the casino, but in many cases, cashback offers are among the few that don’t have wagering requirements attached to them.
This makes them much more attractive, but even when they have wagering requirements, they can still be quite lucrative as there’s not much you need to do to get the bonus. However, the best offers typically have much lower requirements than other bonuses.
How to Claim a Cashback Offer
Claiming cashback offers is as easy as claiming any other bonus on any US-friendly casino. You only need to complete the requirements, and the bonus becomes active.
Sometimes, you’ll have to use a bonus code if one is given, while at others, you only need to lose money while playing certain casino games, and the platform will automatically refund part of the money you’ve lost.
Pros and Cons of Cashback Bonuses
Even the best cashback bonuses come with specific pros and cons, so let’s take a quick look at both.
- Higher returns compared to other offers
- No wagering requirements in many cases
- Simple to profit from
- Reward the most loyal casino players
- Many online casinos don’t have them
- Always come with maximum caps
Types of Cashback Bonuses
As I’ve already stated, cashback offers come in many shapes and sizes, with different percentages and limits. However, we can still group them into a few categories.
Cashback on Net Losses
A cashback bonus on a net loss is the most common type, and it covers a percentage of your daily, weekly, or monthly losses, usually up to a certain amount.
These bonuses can be a one-time thing, or they can be recurring, meaning you can claim them over and over during specific timeframes.
Welcome Cashback Bonus
A welcome cashback offer is the same as the previous type, with the only real difference being that it covers your net losses when you’re just starting your casino experience.
This type of cashback offer might sound like it’s the same as a regular welcome deposit bonus, but it’s not. That’s because these cashbacks don’t come with a wagering requirement — they only require you to make the first deposit.
Cashback Offer as Part of a Loyalty Program
Many casinos tend to offer cashback bonuses as part of their loyalty program reward system.
The story here is simple — you only need to play to participate in the loyalty program, and once you reach a certain level, you get a cashback bonus. In other cases, you can spend loyalty points by playing games to buy a cashback offer once you have enough points.
The casinos that offer the best loyalty program cashback offers tend to put lower requirements on these bonuses, as they are not easy to obtain, so the reward should be good.