A Cashback Bonus is there for players who play with real money at an online casino. It is a bonus for loyal players who play on a regular base. At live casinos with a cashback bonus, you receive a part of your losses back when you are unlucky that day.
These kinds of bonuses are the live casino’s way of giving you a second chance in case in the unlucky case that lady luck isn’t on your side. They recover a part of your loss, which gives you the opportunity to continue playing without the need to make another deposit. And we can name a lot of cases of players winning back all their losses and more!
On this page, we are going to explain everything you need to know about cashback bonuses. Of course, we are also going to share a list of superb live casinos with available cashback bonuses. You can choose a casino from our list, and you will automatically receive cashback in your account when losing money.
Recommended Live Casinos with Cashback Bonus
What is a Cashback Bonus?
A cashback bonus is a type of bonus given back to a player in the form of credits or, in most cases, cash to use again at the live casino. It is a refund of a specific percentage of the net losses of a player over a period. Therefore, it is mostly transferred to what we call ‘loyal’ players.
A Cashback Bonus attracts many live casino enthusiasts around the world and that is not without reasons.
LiveCasino.com gives every player 10% of their potential losses back. And they do this every single Friday. So, if you have lost money during the week, you get a chance to win it all back from LiveCasino.com. For example, if you make a €/$100 deposit and you lose your complete balance, you receive €/$10 in your account the next Friday.
Other than the bonus, we highly recommend playing at LiveCasino.com. This Pay n Play casino does not only offer a super fast registration proces, they also offer a great live casino game portfolio. What’s in the name, right?
What kind of Cashback Bonuses can I claim?
Not all cashback bonuses are similar. Live casinos have the possibility to create their own type of cashback bonus. One example is the cashback bonus from LiveCasino.com, like mentioned above. This is a Weekly Cashback bonus, which means players get rewarded once a week. But it is also possible a live casino offers a Daily Cashback Bonus or Monthly Cashback Bonus.
The variety of Cashback Bonuses can also be determined by the return-to-player rate. In some cases, a player gets a percentage of all losses, and in other cases a player only receives a cashback on deposit money.
At this moment, the following cashback bonuses are available at live casinos:
- Cashback on all loses
- Cashback on deposit money
- Cashback on losing bets or spins
- Daily Cashback
- Weekly Cashback
- Monthly cashback
- Wager free Cashback Bonus
Looking at the last bullet, you can come to the conclusion that not every cashback bonus is wager free. Obviously, we prefer wager free cashback bonuses, so that is what you will find in our list of recommendations. Although the wagering requirements of a cashback bonus are never as high as a deposit bonus for example. The average wagering on cashback bonuses is between 0x and 10x the amount of money you receive.
How do I claim a Cashback Bonus?
Let’s start with a tip. We advise to read the details of a cashback bonus before you attempt to claim it. This means:
- Always check the expiry date of the bonus. Therefore, you will not be unpleasantly surprised if the terms are not what you’ve expected.
- Check if the cashback bonus come with wagering requirements or not. If it does, ensure you understand what they are, so you can hold on to them.
- If a bonus code is available, copy it. You will need it to claim the bonus.
- Once you’ve fully understood the details of the cashback bonus, it is important to know when and how to claim it. The Cashback Bonus can be awarded to players on a daily, weekly, and monthly basis. And in some cases, its validity can be for certain days.
Once you have all information about the bonus, it’s time for the cashback. Claiming the bonus is quite simple. Just head over to your mobile or live casino platform where the bonus is issued. Enter the given bonus code if necessary, and see the bonus credited into your casino account. Cashback bonuses are almost always automated.
After the money is in your account, you can enjoy and stake further for cashing back part of your funds.
Cashback bonus vs Deposit bonus
The most essential difference between a cashback and deposit bonus is the moment the bonus is claimed and/or credited. You have to claim a deposit match bonus at the point of deposit. And if playing with the bonus money happens to generate a profit, first meet the specified wagering requirement before cashing out.
Cashback bonuses in some cases also need to be claimed in advance but will only be credited once you’ve made a loss. The live casino provider will then return a portion of your loss, so that you can have another go. And if then you win, the entire amount is available for immediate withdrawal. Without the sometimes pain-in-the-ass rollover to worry about.
Cashback bonuses typically come with none or much lower play-through requirements than deposit bonuses and some casinos will even credit the amount directly to your cash balance.
Important T&C’s Cashback Bonus
As mentioned before, it is always good to be aware of the related terms and conditions of bonus an online casino offers. This is not different with a cashback bonus. We summed up the most important information you should look for if interested in a cashback bonus:
- Percentage rate: What is the percentage applied to the cashback bonus and how is it calculated? Does it affect all of your losses or is it only based on your deposit?
- Time period: Is it a single bonus offered only at registration or is it an ongoing daily, weekly, or monthly deal?
- Limits: In some cases, there can be a minimum and maximum cashback amount the casino is willing to pay.
- Validity: The live casino can specify a specific number of days during which the cashback has to be withdrawn or played.
- Wagering requirements: Does the live casino credit the cashback amount to your real account balance or do they determine that you wager it a number of times first? Normally, this is between 0x and 10x. If not, you are getting screwed.
- Eligibility: Is the country you are playing from eligible for the bonus? Make sure your country isn’t on the exclusion list.
- Other conditions: Are there any additional rules and restrictions you should know about? Think about the bonus only being available if all deposited money has been lost. Or is the bonus money only being transferred if you lose money while playing certain live casino games?
And if you have any doubts about a certain cashback bonus, you can always ask us for advice. We are more than happy to help you with claiming the best possible cashback bonus.
Summary: what we think about Cashback Bonuses
We believe Cashback Bonuses fit the needs of live casino players. Whether you only like to play against a real dealer or if you play the complete range of games an online casino offers. Especially because this kind of bonus is not related to specific casino categories like deposit bonuses often are.
Live Casino games are available in most cases in both pre-bonus and after-bonus phase. And given the fact that they, in most cases, come without negative restrictions. Therefore, we only look at Cashback Bonuses as a positive offer from the casino. Obviously, it is never a good thing to lose money, but without a cashback, you have nothing.
Frequently Asked Questions Cashback Bonus
How can I claim a cashback bonus?
The only thing you need is to select a live casino who offers a cashback bonus. Once you’ve created an account at the online casino, you will start earning cashback when you play live casino games at the casino. Every game you play you will receive cashback in your account. And the casino arranges everything else for you. At the end of the cashback timeframe (this can be daily, weekly, or monthly), you receive a notification that the cashback is added to your account.
Which live casino would you recommend if I want to collect cashback?
In the beginning of this post, you find a review of the cashback bonus from LiveCasino.com. This online casino does not only offer a great cashback bonus, but they also distinguish by a great live casino game portfolio. And it they fit all the boxes we desire, including a less than 1 minute registration procedure.
Can I play at multiple cashback casinos at the same time?
Yes, this is possible. If you want, you can play at multiple live casinos at the same time. It is up to you whether you choose to play at one or more casinos. Although, playing at multiple casinos does not provide extra cashback money. Only if you find a live casino that offers a better cashback bonus in comparison with the one you are playing at. Just make sure to only play at great live casinos. You can use our recommendations for this.
How often do I have to wager cashback?
This depends on the casino and bonus. Different live casino providers come with different bonus offers and terms and conditions. However, it is good to know that there are live casinos with wager free cashback bonuses. As long as the quality of the casino is good, we recommend using them, because you can withdraw the cashback after losing money if you like.
Do you guys recommend claiming a cashback bonus?
Yes, we do. In our opinion there is nothing wrong with a good cashback bonus. It is a free bonus you receive from the casino when you lose money. A live casino doesn’t have to give you cashback. It is a gesture from the casino to keep you going. They want you to feel as happy as possible at their casino. And when you receive a cashback between 10% and 20%, you should be really happy because that money could be a start of a new winning streak.