Last Updated on May 2, 2022
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From time to time, even the best casino players go through dry spells. Whether you’re getting regularly zeroed at the Roulette table or are constantly busting Blackjack, there are times when it feels like your session is destined to end with a loss no matter what you do – and that’s where cashback can help.
A cashback bonus is different from other forms of bonus in that it’s actually dependent on players recording a net loss over a pre-defined period of time. Should they achieve this undesirable outcome, they’ll be able to repair some of the damage by receiving a percentage of that loss back as a bonus.
Essentially, this means a cashback bonus acts as an insurance policy against bad luck. When players are winning, they don’t qualify for cashback but are happy enough to count the profits from their sessions. When they’re losing, however, cashback can really minimise the impact a prolonged run of bad luck can have on their bankroll by ensuring that they’re constantly getting a little something back.
Cashback Key Points
- Cashback bonuses help protect players’ casino bankrolls when luck’s not on their side
- Cashback is always issued as a percentage of a player’s net losses over a set time period
- Having the extra insurance of cashback theoretically enables players to make riskier plays
- You’ll typically find bigger cashback bonus offers at non-Gamstop casinos
The Best Places To Find A Cashback Bonus
These days, finding a cashback casino is relatively easy. Most of the major online operators offer some kind of cashback to players, with those that are not licensed in strict jurisdictions like the UK and Germany usually able to provide a greater cashback percentage due to more favourable bonus laws.
It therefore shouldn’t come as a major surprise that many of the offshore online casinos that aren’t restricted by Gamstop lead the way when it comes to great cashback offers. In the list below, we’ve picked out some of the most generous bonuses available to players at three of our top-rated casinos.
This Is Vegas Casino – 10% to 30% Daily Cashback
At This Is Vegas Casino, the higher your VIP level, the more cashback you’ll earn on your daily net losses. With a maximum level of 30% up to £3,000 going to top-tier VIPs, players also automatically qualify for a weekly cashback reward of 25% of their net losses when they drop £100 in a 7-day period.
Harry’s Casino – 30% Extra Daily Cashback
The pioneering cashback casino not on Gamstop, Harry’s Casino offers all players a standard level of cashback on their net losses, but an extra award of 30% is available on request from support. Valid up to a maximum loss of £2,000, this makes it a top cashback bonus that’s perfect for frequent players.
My Stake Casino – 15% Live Casino Cashback
If the rush of real, live dealer action is more your thing, My Stake Casino has you covered with an incredible 15% cashback bonus available exclusively on Live Casino titles. Available every week, the maximum rebate players can receive using this offer is a huge €15,000, making it ideal for high rollers.
Other Casino Offers Worth Checking Out:
|Online Casino||Casino Welcome Offer||Wagering Requirements||Cashback Offer|
|Rolletto Casino||100% up to €1,000 deposit bonus||30x deposit + bonus amount||N/A|
|Fortune Clock Casino||225% up to €3,000 + 225 Free Spins||40x deposit + bonus amount||55% cashback on losing sports bets|
|Slots N Bets Casino||800% up to €3,000 welcome package||50x deposit + bonus amount||30% cashback on all casino games|
|Agent No Wager Casino||37% up to €840welcome package||1x deposit + bonus amount||N/A|
|My Stake Casino||100% up to €1,000 deposit bonus||30x deposit + bonus amount||15% cashback on live casino games|
|Harry’s Casino||650% up to €5,000 welcome package||50x deposit + bonus amount||30% cashback on all casino games|
|Jackpot Charm Casino||500% up to €5,000 welcome package||40x deposit + bonus amount||55% cashback on losing sports bets|
|Captain Marlin Casino||475% up to €4,750 welcome package||40x deposit + bonus amount||N/A|
|Paradise8 Casino||100% up to €1,000 + 888 Free Spins||20x deposit + bonus amount||10%-30% cashback on all casino games|
|Triumph Casino||375% up to €3,750 welcome package||35x deposit + bonus amount||10%-30% cashback on all casino games|
Why Do You Need A Cashback Bonus?
To put it plainly, there’s really no disadvantage to having a cashback bonus active at your preferred online casino. If you’re a big winner during your sessions, you won’t be eligible for any cashback, but you’re not going to notice on account of already having your profits locked in. If things aren’t going your way at the tables, however, getting 10%-30% of your losses refunded can make a huge difference.
The best way to think of cashback is like having an online safety net. A lot of the time you won’t need to use it, but you’ll certainly be grateful that it’s there when you do! Couple this with the fact that rather than being a one time offer, cashback usually runs indefinitely and renews every day or week, and it’s easy to see how being signed up to a cashback scheme can pay dividends in the longer term.
How Cashback Bonuses Work
A casino cashback bonus will always be calculated as a percentage of a player’s net losses over a set time period. Usually issued on a daily or weekly basis, players will then receive this percentage back as a bonus in their account and have to wager it before it can be withdrawn.
For example, a player who signs up to a 25% daily cashback offer and then goes on to accumulate £100 in net losses in a 24-hour period will be entitled to £25 back as a bonus. They will then be able to repeat this process again the following day and can continue earning cashback while they’re losing.
Cashback Bonus FAQs
Cashback is a form of bonus that is issued when players record a net loss in a specific time frame.
Cashback will be automatically applied to your account providing the loss criteria has been fulfilled.
No, cashback is typically issued as a bonus and must be played through before it can be withdrawn.
Having a “net loss” simply means your losing wagers exceed your winning ones for a specific period.