What Are Cashback Bonuses?
Generally speaking, casino cashback bonuses are special bonus funds you can receive from an online casino on any losses made when gambling. The funds you receive as part of a cashback promotion are usually a small bonus which is credited to your account if you’ve made a loss while gambling.
However, it’s important to note that under a cashback promotion you will not receive all the money you lost; the funds you receive as part of a cashback promotion are a small percentage of the total funds you lost. For example, most casino cashback bonuses generally offer users a 10% cashback bonus on all losses, which means you will only receive 10% of the losses made as a bonus.
It’s also worth noting that cashback bonuses, like all other online casino promotions and bonuses, are subject to limitations such as wagering requirements, time limits, and win limits, but more on this later.
How Do They Work?
Cashback bonuses generally work differently compared to traditional casino bonuses. Rather than receiving your bonus once you’ve made your deposit, casino cashback bonuses require you to make a deposit, play on select games, and make losses to receive your bonus.
However, it’s important to note that when you receive your cashback bonus funds, it’ll function like all other ordinary casino bonuses. The funds will be credited to your account and you’ll be free to use the bonus on whichever games you want, as long as you adhere to the terms and conditions set out by the online casino.
Which Sites Offer The Best Cashback Bonuses?
As we’ve mentioned, there aren’t many online casinos which offer cashback bonuses. This can make it difficult for a gamblers to claim these cashback bonus, which is why we’ve decided to make an easy-to-read list of all the online casinos offering cashback bonuses.
All British Casino
All British Casino, an online casino operated by L&L Europe Limited, is giving all of its new customers a 100% deposit match bonus of up to £100 plus a chance to claim a 10% cashback bonus on all losses. According to the terms and conditions, cashback bonus is only active for the first 24 hours after making a deposit and the bonus can only be claimed if your balance is below £10. Want to learn more about All British Casino? Check out our review right here.
Hyper Casino
Hyper Casino is another online casino operated by L&L Europe Limited. The website is currently giving all customers a 10% cashback bonus on all lost deposits. According to the online casino, the cashback promotion is only valid for the first 24 hours after making your deposit and funds can only be claimed once you’ve lost your deposit. Unlike most other casino bonuses Hyper Casino’s cashback promotion does not have any wagering requirements so the money you receive is yours to keep! Check out our Hyper Casino review for more details on the website.
Fun Casino
Fun Casino is another website that is offering its customers a cashback bonus of 10% on all lost deposits. Alongside this, new customers can claim a welcome bonus of £123 too! According to Fun Casino, you’ll need to deposit a minimum of £10 to trigger the cashback bonus which is only applied for the first 24 hours after making your deposit. Meanwhile, the funds you receive as part of the cashback bonus must be wagered 50x within 30 days before they can be withdrawn. You can read our review of Fun Casino for more details on the website and its overall offering.
Are There Casino Cashback Bonuses at Overseas Sites?
Yes. There will be overseas online casinos which offer their own cashback promotions, but we recommend you avoid registering at these websites. This is why we’ve only listed three online casino sites with cashback bonuses; All British Casino, Fun Casino, and Hyper Casino are the only websites authorised by the UK Gambling Commission which offer cashback promotions.
While it may be tempting to branch out of the UK and find an overseas site that offers a cashback bonus, we suggest you don’t as you may run into issues and won’t have the protection of the Gambling Commission to help you. Some of the issues you may encounter at an overseas casino include the following:
- Problems withdrawing funds or winnings
- Being forced to pay unnecessary fees
- Playing rigged or unfair games
- Lack of customer support or help
While it’s unlikely that you are affected by any of these issues, it’s better to avoid playing at overseas casinos and stick with licensed sites in the UK which focus on providing fair games while protecting you and your personal information.
Cashback Bonus with VIP Schemes
At the time of writing, these are the only casinos which are currently offering players cashback bonuses. As we’ve already mentioned, there is a startling lack of online casinos which offer these bonuses as a standalone promotion.
However, we should point out that some casino sites offer cashback bonuses through their VIP schemes or loyalty programmes to users as a reward for long-term play. These loyalty cashback offers work just like the ordinary cashback bonuses listed above.
Restrictions You Need To Know About
Like with all other casino promotions, there are limitations and restrictions on cashback bonuses. For example, many of the sites we’ve listed above will impose wagering requirements on the funds you receive from the casino cashback bonus, and you’ll need to complete the wagering of these funds before you’re allowed to withdraw the money into your personal bank account.
What’s more, the funds from casino cashback bonuses also have time limits on them. For example, the cashback promotions we mentioned above are only applicable on deposit losses made during the first 24 hours after having made a deposit. Then, on top of this, any funds earned through the promotion must be used and wagering completed within a designated period of time, usually around 30 days.
Finally, although not imposed on the bonuses we’ve described above, some online casinos can impose maximum win limit or withdrawals limits which severely limit how much you can win or withdraw when having claimed a bonus.
Sometimes, all of these limitations applied together can make a casino bonus not worth claiming, which is why you should always check for these restrictions before claiming a bonus. When it comes to online gambling, you should always check what you’re claiming and what’s expected of you when enjoying a bonus.
Why Are Cashback Bonuses So Popular?
There are many reasons why people enjoy claiming these casino cashback bonuses. First of all, many gamblers see cashback promotions as almost security blankets for their deposits since they can earn some money of their lost deposits back on failed bets. So although this train of thought isn’t completely accurate and safe, these bonuses are incredibly attractive to many gamers.
Another reason so many people enjoy playing with cashback bonuses is that they’re almost guaranteed money for making a deposit and playing with their funds. However, this will depend on the individual casino website and the terms and conditions it imposes on its bonus.
Should I Claim A Cashback Bonus?
Ultimately, that’s a question you will need to figure out the answer to. You’ll need to weigh whether or not any of the cashback bonuses we’ve touched on above are worth claiming, and whether or not the online casino is a site you’d enjoy playing at.
As always, we recommend you read through our reviews of each of the online casinos we’ve mentioned on this page, and we suggest you visit them yourself, check out the games, and check out the cashback bonus on offer. Have a read through the terms and conditions so you know what you’re receiving as part of the bonus and what you need to do to withdraw your funds.
With all of this information in mind, only then should you decide whether or not a casino cashback bonus is worth claiming. If it is, we hope you enjoy playing with the bonus, but if not, don’t fret as there are plenty of other casino promotions you can enjoy from regular deposit bonuses to free spins, and even wager-free bonuses too. Alternatively, you can always choose to avoid a casino promotion and simply play with your funds and only that – your choice!
Questions & Answers (FAQ)
Are casino cashback bonuses safe?
Yes, as long as you’re claiming the promotion from an online casino that has been licensed by the UK Gambling Commission, and as long as you follow the terms and conditions set out by the online casino.
Why don't more websites offer cashback bonuses?
We believe the reason so many online casinos do not is due to the continuously tightening restrictions in the UK from multiple regulatory bodies and other firms. While this is disappointing, there are plenty of other promotions you can enjoy.
Do cashback promotions work on all casino games?
This generally depends on the individual online casino but we’ve found that yes, cashback promotions do usually work on all casino games – just make sure you read through the T&Cs beforehand for extra clarification.
How much cashback can I claim from these offers?
Most online casinos offering cashback promotions only allow you to claim a small percentage of your losses, usually around 10 or 20%. So it’s important that you don’t expect to be able to claim all or almost all of your losses back!
Where can I find sites offering casino cashback bonuses?
In our guide, we mention that there aren’t many online casino sites that offer casino cashback promotions. However, we’ve provided you with a list of the best websites offering these bonuses, so you know exactly where to go!