All You Need To Know About Cashback Bonuses

Cashback casinos are the hot new thing on the Canadian online gambling scene. You have probably heard of some top casinos sites that offer cashback bonuses like Jackpot City, iLucki or Night Rush Casino. So, what makes this bonus so great? Why are so many online Canadian casino players looking for these cashback bonus offers?

In this article, we’ll answer these questions and talk about how you too can take advantage of these cashback bonuses.

Best Free Bonus Code Casino Sites in Canada

There are hundreds of Canadian casinos. Picking the best one can be a huge hassle. However, you don’t have to worry – our team of expert reviewers have examined each site one by one. After reviewing, the best cashback bonus codes casino sites were selected.

What is a Casino Cashback Bonus?

All online casinos offer players various types of bonuses. For instance, there is a welcome offer for players who sign up for the first time. Welcome bonus online casino attracts players with the chance of winning hundreds or even thousands of dollars from the start.

Another highly sought-after bonus is No Deposit bonus. Players do not have to deposit any money to earn this bonus. It is given straight away upon signing up. The amount for a no-deposit bonus is usually quite small, around $5-10 or so. However, it is still a very generous move on the casino’s part.

Cashback casino bonuses are the third type of bonus that is quickly becoming popular. The basic idea of this bonus is simple. After you lose a bet, you get some of your cash back.

Requirements for a Casino Bonus Code

Before discussing online casino cashback bonus, we need to cover the requirements first.  All bonuses have some requirements. These requirements dictate when and how a player can claim them. There are usually two requirements – wagering and type of game.

But there is actually no need to worry about all that! There are no requirements for cashback bonuses. If there is a requirement, it will be very low.

Remember, other bonuses give you cash or free spins as a reward. By contrast, cashback bonuses kick in after you have already lost a bet and some money. This is part of why cashback bonuses are so popular.

How do Cashback Bonus Codes work?

Cashback bonuses are not difficult to understand.  To avoid any misconceptions, here is a simple example to explain it.

“20% Cashback up to $500.” This bonus indicates that you can get 20% of your deposit back. If you wagered and lost $100, then you would get back $20. The second half of it, “up to $500”, puts an upper limit to the cashback. The maximum cashback you can get here is $500, from a wager of $2,500.

At some casinos, this cashback will be added to your casino wallet automatically. At other casinos, you will have to enter the bonus code. The casino will check your recent losses and place the cashback amount into your wallet. In both cases, you need to play a few games first. Unlike a no deposit casino bonus, you will need some money to start off in order to use a cashback offer.

Advantages of Cashback Casino Bonus Code

Why are cashback bonuses better than welcome or no-deposit bonuses? Here are a few of the reasons:

Cashback bonuses apply to both old and new players. Welcome offers are aimed at new players mainly, causing veterans who have invested a lot of time and loyalty to the casino to feel left out.

Cashback bonuses are also simple and easy to understand. Other types of bonuses can have complicated requirements or be limited to specific games. These requirements and limits can confuse a new player.

Finally, there is a psychological factor to consider too. Nobody likes losing, but it is an integral part of the casino experience. Cashbacks casino bonuses soften the blow of losing money.

How to find a Casino Bonus Code for Cashbacks

Finding a cashback bonus offer can be difficult. Not every casino offers this type of bonus. Here are a few ways you can find a cashback bonus:

• Welcome Bonus: Some casinos include a cashback bonus as a part of a welcome package. This bonus helps cover any small losses early on.
• Weekly or Monthly bonuses: Jackpot City offers a casino cashback bonus as a weekly deal. iLucki casino offers a cashback of up to 20% every Monday.
• Loyalty Rewards: Cashback bonuses can be bought with Comp Points at some online casinos. Players earn comp points by spending money and placing bets.
• VIP Programs: VIP Programs often include cashback bonuses as a reward for the most dedicated players. High rollers can earn a lot of money back from cashbacks, so this is a lucrative offer.

Cashback bonuses are an amazing deal for any casino player. It doesn’t matter if they are a high roller or an average player. Since cashbacks are based on a percentage of your bet, everyone has equal chances with this bonus. Browse through our selection of the best sites that offer casino cashback bonuses to get started.