You will likely come across hundreds if not thousands of online casinos that offer cashback bonuses. The question is – how do you assess these cashback bonuses and get a sense of which ones are the best and most profitable? The answer to this question is that there are a lot of variables to factor in when understanding the precise monetary value offered by a cashback bonus.
Each cashback bonus will have its own intricacies and differences that may either add to or subtract from its value. An objective and accurate measurement can be taken only by understanding all the terms and conditions of the bonus. But that’s not all – the online casino in its entirety must also be judged and assessed for its quality, promotions, game library, fairness, payment options, etc. After all, claiming a cashback bonus at a subpar online casino defeats the purpose entirely.
If you’re reading this, it may seem like it is an insurmountable task to accurately identify the best cashback bonuses because of the amount of research and poking around involved. We have good news for you! We’ve done all the research, quality checks, and even tested hundreds of cashback bonuses first-hand to bring you this list of the top cashback offers for live casino games in 2023.
What’s more? We frequently revisit this list and update it so that it is a true reflection of current market conditions. Please note that online casino bonuses have validity periods and will expire sooner or later. Don’t be late to the party! Click on any of our recommended cashback bonuses below and cut down on your casino gaming losses today!
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As mentioned earlier, there are several types of cashback bonuses that we currently see in the online casino webspace. Below, we touch upon some of the primary types of cashback bonuses and explain them briefly in layman terms so you understand exactly what each type entails.
Please note: Even though cashback bonuses are largely calculated on net losses incurred when playing with real money, there are rare exceptions where the percentage of cashback may be calculated on net wins rather than net losses.
Even though cashback bonuses are largely calculated on net losses incurred when playing with real money, there are rare exceptions where the percentage of cashback may be calculated on net wins rather than net losses.
While deposit bonuses usually have a minimum deposit criterion, cashback bonuses have what is known as a minimum net loss stipulation. However, this is not always applicable and some cashback bonuses don’t have any such requirements. Basically, this cashback bonus condition can state that only players who have incurred net losses of at least a certain amount over the course of a week or any other time frame are eligible to receive the cashback bonus.
A typical example for demonstration purposes could be something along the lines of – 10% cashback up to $100 on for a minimum net loss of at least $20. Therefore, if you have only faced losses of $15 then you will not be eligible to receive the cashback bonus.
Let’s consider our previous example again – 10% cashback up to $100. In this scenario, the “up to $100” is of significance. This is the maximum cashback limit. No matter how much the amount of your net losses incurred, the maximum cashback amount you can receive is limited to $100 max. For clarification, let’s consider a hypothetical situation where a player has lost $2000. 10% cashback on net losses would mean 10% of $2000 = $200. However, the player will still only receive $100 cashback and not $200 since the maximum cashback amount is capped at $100. Sometimes, the maximum cashback amount can be a percentage of the total deposits made by a player and not a fixed amount like $100.
This is a cashback bonus condition which may or may not be applicable depending on which casino you are playing with. Some casinos have certain deposit requirements which must be satisfied for players to be eligible to receive their cashback. For example, the casino may dictate that in order to receive the cashback bonus for a certain week, not only must you have incurred losses, but you must have made at least 1 deposit over the course of the prior week and must have been active on the site during the relevant calendar week in order to qualify for the cashback bonus.
In some instances, cashback bonuses are credited to your account as a real money balance. However, this is not always the case and it can also be credited as a bonus balance depending on which casino you are playing. If the cashback amount is credited in the form of a bonus balance, there may also be a validity period applicable to the cashback bonus. If the cashback bonus amount is not used up within the validity period, it will expire and no longer be usable. For example – any cashback bonus not used within 14 days from when it was credited will be removed from your account balance.
The best cashback bonuses are where the cashback balance is added to your real money balance and you can withdraw this amount without any further requirements to satisfy. At some casinos, depending on the cashback terms and conditions, the cashback amount may be credited as a bonus balance and not real money balance.
The difference between bonus balance and real money balance is that you cannot withdraw or cash out bonus balance. If you wish to cash out, you will first need to complete the wagering requirements associated with the bonus and it will then be converted from bonus balance to real balance.
Here is an example of how wagering requirements can be applied to a cashback bonus – the wagering requirement to withdraw cashback bonus is 3x the bonus amount. Therefore, in this example, if you received a cashback of $20, then you need to wager and playthrough at least 3 times $20 = $60 before you can withdraw the $20. Furthermore, the wagering requirement must be completed within the given time limit.
At some live casinos where cashback bonuses are subject to wagering requirements, the contribution of your wagers towards the wagering requirements will depend on the type of game you wager on. Games with low house edge such as blackjack may have low game contributions where only a certain fraction of your wager is contributed towards the completion of the wagering requirement.