Top Cashback Bonuses 2023

A cashback bonus is a type of bonus that is given back to a player in the form of credits or cash to use again at the live casino. It is a percentage refund of a player's net losses over a while. The bonus attracts a large number of gaming fans and it's only awarded to bettors who wager a large amount of money. Many gaming sites offer cashback bonuses. Read on to learn more.

Top Cashback Bonuses 2023
What Are Cashback Bonuses?

What Are Cashback Bonuses?

Online casinos use cashback bonuses to appeal mainly to new players and encourage the existing ones to play casino games more often. Essentially, a cashback bonus is a type of bonus that allows a player to take back a part of their money lost on a specific game, or on a couple of games for a period of time at a casino.

Typically, a cashback bonus grants a partial refund of the net losses of a player instead of the entire amount they deposit or play. The percentage of the refund differs from 5% to 25% based on the casino. This cashback amount is commonly transferred into your casino wallet as bonus money, which you can either choose to make a cash withdrawal or use it for playing more games at the live casino.

Players can receive cashback bonuses to play online slot games or table games such as blackjack, poker, baccarat, and roulette.

What Are Cashback Bonuses?
How Does a Live Casino Cashback Bonus Work?

How Does a Live Casino Cashback Bonus Work?

There is a wide range of cashback casino bonus options available, but they all work the same way. Let's say a player claims a welcome bonus with a 25% cashback bonus attached to it, the player will get 25% of net losses back into the casino wallet when cashback bonus wagering requirements are completed.

The percentage can be calculated in many different ways. At some casinos, cashback is given on net losses for a day, month or week on the entire bet, or on a particular game over a particular period.

Let's imagine a player is given a casino bonus with 10% cashback on net losses for that day. That means that, if the player wagers $50 and loses it all during the day, the casino will transfer $5 back to the player's account. However, if a player begins the day wagering $50 and, through luck and skilfully playing, the player achieves making more than $50 by the end of the day, the casino won't give any cashback. That is because a net profit was made during the day.

It's important to note that there is mostly a limit on the bonus amount - cashback bonuses are commonly x% up to x ( 15% up to $50 etc).

How Does a Live Casino Cashback Bonus Work?
What Different Kinds of Casino Cashback Offers Are There?

What Different Kinds of Casino Cashback Offers Are There?

Different casinos offer cashback bonuses of different shapes and sizes. Here, we've listed the most common cashback bonuses you can find at live online casinos.

Cashback on All Losses

When players claim a cashback bonus on all losses, they get a percentage of their net losses. The cashback amount received is always predetermined and commonly varies from 5% to 25% based on the casino. With this type of cashback, players get their bonus money no matter what game they play. Since cashback bonuses are usually attached to particular casino games, these bonuses aren't very popular.

Cashback on Deposits

Players are given a percentage refund of their initial deposit if they claim this type of cashback bonus. For instance, if they request a 20% cashback bonus when they deposit $100, they'll take $20 back at the end of the cashback duration, regardless of their net losses.

Losing Bets or Spins

The casino will gather information about all the bets and spins played and lost and provide a ratio of the amount at the end of the cashback duration.

Daily Cashback Bonus

This version of cashback bonus is the most common among all the other bonuses. If players activate a daily cashback bonus, the casino will give them a percentage of their net losses at the end of the day. The bonus needs to be spent within a certain period determined by the casino.

The quantity of cashback received depends, of course, on the money players spend. The more they spend, the higher cashback they receive at the end of the day.

Weekly Cashback Bonus

The weekly cashback casino bonus does exactly what it says on the tin: it pays back a percentage of a player's losses after the period of seven days is up. So, if the cashback wagering requirements are completed, the casino transfers the bonus money to the player's account at the end of the cashback period.

Monthly Cashback Bonus

Monthly cashback bonuses are similar to the weekly cashback bonuses, but they cover an entire month. Players are given a ratio of their net losses by the end of the month.

Wager Free

Wager free cashback bonus lets players get a portion of their net losses even if they don't complete the wagering requirements. It is as simple as it sounds. However, it is important to note that the casino will most likely set a minimum limit on losses, which means that players need to spend at least a certain amount before they can be given a refund.

VIP Cashback

VIP plans are considered one of the best incentives provided by online casinos for players. The casinos reward their loyal members with certain benefits such as increased cashback offers.

If a player becomes a VIP member at an online casino, the player may be eligible for a cashback bonus as high as up to 50%.

What Different Kinds of Casino Cashback Offers Are There?
How to Find and Claim a Live Casino Cashback Bonus?

How to Find and Claim a Live Casino Cashback Bonus?

1) Choose from Our Top Cashback Bonuses List

Players should determine the most appropriate offer for themselves before they claim a cashback bonus. Today, it is possible to find a large number of live casinos since there is a big market for them. Nearly all the live casinos offer exclusive bonuses for their new members. Therefore, it is difficult to understand which one of the casino bonuses offers good value for players and which one of them is designed to deceive players into registering and depositing real money at the live casino.

Fortunately, our readers don't have to go through this rough patch. We've made a list of top cashback bonuses for 2022, so they just need to choose the one cashback offer that suits their needs from the many on our list.

2) Read the Bonus Terms & Conditions

It is without a doubt not entertaining to read the terms and conditions. Players would prefer playing slots and live dealer games to racking their brains trying to comprehend the fine print. But, the terms and conditions are where all the important information about live casino bonuses is written. This information includes the wagering requirements, minimum deposit, max withdrawable cash, the validity period, and more. So, make sure to read the terms and conditions after choosing a live casino cashback bonus from our list. If they don't meet your expectations, go back to our list and choose another cashback bonus that is suitable for your funds and playing style.

3) Sign up for an Account and Login

After comparing the bonuses and choosing the best one from our top cashback bonuses 2022 list, it is time to proceed with the process of claiming them. Bonuses are essentially intended as incentives for new players who have just signed up for a live casino. Therefore, every player needs to register an account with the casino. It is simple to register; click on the "register" or "sign up" button and then go through the procedure step by step until the casino account is created and activated.

4) Make the First Deposit

If the cashback bonus that is claimed by a player doesn't require a deposit in order to be withdrawn, the player will be given the bonus amount or bonus free spins at this stage. But, it is commonly needed to make the first deposit to be eligible for the bonus. If this is the case, just go on and make a deposit. Ensure to make a total amount of deposit that is slightly more than the minimum deposit amount.

5) Get the Cashback Bonus

Once all the information about the bonus is obtained, it's now time for the cashback. Simply head over to the mobile or live casino platform where the bonus is issued. Enter the given bonus code (if any) and see the bonus credited into the casino account. Now it is time to smile and step further to cash back part of the funds spent.

How to Find and Claim a Live Casino Cashback Bonus?
How to Use a Live Casino Cashback Bonus?

How to Use a Live Casino Cashback Bonus?

One of the most frequently asked questions by players is how they can use their casino cashback bonuses. There are several ways to use cashback bonuses. Some people prefer to cash out so they can use the funds for something else. However, most live casino platforms provide certain criteria for using the cashback bonuses they offer. Players have the option to either accept it or allow it to go.

One of the major ways that most live casinos use is to make sure that players use the given bonus on their website. Therefore, gamblers do not have a "walk away" option. This ensures that the platform giving out the bonus is not at a loss if players walk away. However, players can win big with the cashback offers if luck falls in their path.

Another cashback method is through real cash (more about that in the next section). While you are looking to know how to use your cashback, you also need to know about the genuine casinos offering cashback bonuses.

How to Use a Live Casino Cashback Bonus?
Turn a Live Casino Cashback Bonus Into Real Money

Turn a Live Casino Cashback Bonus Into Real Money

Players mainly aim to turn their cashback bonus into real money. Cashback bonuses can help when there's an urgent financial need and players simply see it as an answered prayer. Instead of placing another bet, they just want to cash out to satisfy that immediate need.

While most casinos only allow their players to use the bonus in the form of a credit to place more bets on their website, some are still generous in allowing real cash withdrawal. Players can claim real money whether to withdraw to a local bank account or an online payment system such as PayPal, Payoneer, or Skrill.

So, it's interesting to know that there is an option to claim free money for potential risks. The best part is that these live casino bonuses are not only used at live dealer casinos but can also be cashed out in real money.

Therefore, knowing that their efforts are not in vain, should encourage players to keep depositing, keep betting, and ultimately, keep winning.

Turn a Live Casino Cashback Bonus Into Real Money
Live Casino Cashback Bonus Terms and Conditions

Live Casino Cashback Bonus Terms and Conditions

In common with other online casino bonuses, cashback bonuses are accompanied by detailed terms and conditions. We cannot emphasize enough the importance of reading these bonus terms and conditions. They will display all the information about your casino cashback offer, like minimum deposit, withdrawal limit, wagering requirements, time limits for bonus, promotion validity, and more.

Minimum deposit:

A large majority of the bonuses offered by live casinos are deposit bonuses. If players want to be eligible for a bonus that comes with a deposit condition, they need to deposit the minimum sum of money. It is important to know that any player who makes a deposit for an amount less than the minimum deposit won't be entitled to claim a cashback bonus. Let's imagine a live casino provides its players with a %100 cashback bonus for deposits of $20 and above, then only players who pay $20 and more will receive their bonus funds for their deposit.

Max bonus withdrawal limit:

Some promotions have a limit on the maximum amount that a player can withdraw. This way, casinos can keep track of how much money they pay their players through the bonus offers. Let's look at an example where the maximum cashback bonus withdrawal is restricted to $5,000. The bonus claimed by a player is a welcome bonus that comes with a 100% cashback. The player made a $100 deposit and was given a $100 bonus and achieved $6,000. Then the player even managed to clear the wagering requirements and now wants to withdraw all the money. But, since this is beyond the maximum cashback amount, the player will wind up having to leave $1,000 behind.

Wagering requirements:

A wager - also called a bet - is placed on online slots and casino games. If players claim a casino bonus, the money they receive is paid in bonus money instead of a real balance. In addition, any winnings they get by playing with free spins are paid in bonus money as well. The bonus money comes with specific wagering requirements.

Players have to meet the wagering requirements in order to make a cash withdrawal, since they can’t withdraw bonus money. Most beginners think these terms sound complicated and even experienced players find them hard to comprehend at times. A wagering requirement is the amount of money, which is commonly in the range 30x-45x the bonus money, that players have to wager in order to be allowed to cash their winnings.

The bonus can be used as real money after completing the wagering requirements. If players fail to complete these requirements, unfortunately, their bonus money won’t turn into real money for cash withdrawals and will be taken away as a punishment.

Bonus validity:

Live casino bonuses can be given to players on a daily, weekly, and monthly basis. Sometimes, its validity can be for certain days. Players must claim a cashback bonus before it passes its expiry date.

Live Casino Cashback Bonus Terms and Conditions
Pros & Cons of Cashback Bonuses

Pros & Cons of Cashback Bonuses

We think cashback bonuses, like any other casino bonus, have their advantages and disadvantages.

Pros & Cons of Cashback Bonuses
Pros:

Pros:

  • Decreases losses
  • Comes with low or no wagering requirements
  • Offers a fast withdrawal of real cash
Pros:
Cons:

Cons:

  • You cannot receive it without losing first.
  • Not available at every casino
  • It involves the maximum amount you can cash and the minimum you need to spend
Cons:
Are Live Casino Cashback Bonuses Worth it?

Are Live Casino Cashback Bonuses Worth it?

Like the popular saying, "all that glitters is not gold." Having said that, it is crucial to know if claiming a cashback bonus is worth it or not.

This is a great deal and it's fascinating to most players. They won't be unhappy to get free money from playing a live game they were going to be playing anyway. While their initial aim is to win but losses come in the journey, they are not going to hold anyone or company responsible for that.

However, live casino providers compensate players based on their losses. Thus, they are encouraging and supporting players to keep playing with them in the hope of getting some huge returns anytime soon.

Although cashback bonuses are handled in different ways by live casinos, the bottom line is that these bonuses are worth it. It is even more valuable than other promotions offered by live casinos. Therefore, players appreciate cashback bonuses as it gives them more opportunities to bet and win.

It is interesting to know that getting cashback is not only available on net losses.

These bonuses are also available in other forms, including:

  • Percentage cashback
  • Welcome bonus with cashback
  • VIP cashback
  • Free spin and cashback
  • And ongoing or revolving cashback offers

All these are worth a player's time and involvement in playing at live casinos.

Live Casino Cashback Bonus – Is it Too Good to be True?

The live casino industry has grown tremendously. While credit must go to technological advancements like the internet and mobile phones, the live casinos themselves have played a vital role. They employ impressive marketing tactics to attract and keep players. And at the top of the list are live casino bonuses.

Are Live Casino Cashback Bonuses Worth it?

Latest news

Live Casino Cashback Bonus – Is it Too Good to be True?
2022-03-02

Live Casino Cashback Bonus – Is it Too Good to be True?

The live casino industry has grown tremendously. While credit must go to technological advancements like the internet and mobile phones, the live casinos themselves have played a vital role. They employ impressive marketing tactics to attract and keep players. And top of the list is live casino bonuses. 

FAQ

Everything you need to know about casinos

What is a cashback bonus?

As the name suggests, a cashback bonus is a casino offer where players get back a small percentage of the money they lost over a certain period.Are all cashback bonuses the same?

Yes and no. Yes, in the sense that the reward is a rebate for the money lost at live casinos. However, the variance comes in the percentage. One casino may offer a 5% cashback while another offers 10%. Fortunately, players can find all the best live casino cashback bonuses on this page.

How does the cashback bonus work?

A cashback is a legitimate bonus where casino operators use part of their marketing budget to reward players with the aim of customer retention.

How do players claim a cashback bonus?

Once players are eligible for cashback, most casinos will send the cashback automatically to the player's account. However, players will need the cashback bonus code at some casinos to claim the offer.

Should players use a cashback bonus?

Yes. Players should always take advantage of their cashback bonuses as they don't tag along with any risk. There's absolutely no harm in using a cashback bonus.

Are there any restrictions if a gambler plays with a cashback bonus?

The simple answer is yes. Just like all other casino bonuses, cashback can be claimed by players from specific countries. Besides, cashback bonuses are bound by wagering requirements that must be met before requesting a withdrawal on bets won using cashback.

Why do live casinos give out cashback bonuses?

There are several reasons why online casinos offer cashback bonuses, but first and foremost, they strive to encourage more people to try out a new game without feeling like they're jeopardizing all their funds.

What’s the difference between a cashback bonus and a top-up bonus?

In fact, they are completely different from each other. When players activate a cashback bonus, they are given a refund of their losses. However, a top-up bonus pays them for their winnings. Since the top-up bonus is based on winnings, they get a small percentage in addition to their existing wins, commonly between 5% and 10%.