Casino Cashback Without Wagering Requirements

What is casino cashback?

Casino cashback bonuses are a perk given by some online casinos to reward loyalty. It’s shown as a percentage of your net spend, often up to a maximum amount. It tends to be given on either a daily, monthly or weekly basis.

Cashback offers are great bonuses for existing customers to claim. They can see you getting anything from 5% to 25% of your losses back as bonus funds. Cashback bonuses with no wagering requirements are even better, as you get the cashback credited as instantly withdrawable cash.

Benefits of casino cashback

There are plenty of benefits to casino cashback offers, but the big one is the minimisation of losses. It can be disheartening to make a deposit and lose it, so getting a percentage of it back is a way to soften that blow. 

Not only will this give you a better experience at the casino, it’ll likely increase your loyalty to the brand too. In fact, this is one of the main reasons that most online casinos run these promotions. 

This type of casino bonus tends to come with low wagering requirements, or sometimes none at all. This makes it straightforward and sometimes more lucrative than bonuses with high wagering requirements.

Types of casino cashback

There are several different types of casino cashback bonus. Let’s take a look at them.

Daily, weekly, or monthly cashback

Daily, weekly, or monthly refers to the period that the casino looks at when working out your net spend. Some casinos offer a daily cashback bonus. This means they look at your losses from the previous day and pay the casino cashback bonus to you the next day.

Weekly cashback bonuses look at your losses from the previous week and pay them the next week. Monthly casino cashback bonuses do the same, but, you guessed it, monthly. 

Cashback restrictions and limits

Some cashback bonuses come with restrictions attached. They can apply to certain games, where only the losses you made on specified genres or titles are counted. 

For example, 100% of losses on slots are counted, but losses on live casino games aren’t.

Some casino cashback bonuses also have minimum and maximum limits. Minimum limits mean your losses need to exceed a certain amount for the cashback to be paid, maximum limits are the opposite. 

How casino cashback works

Now that we’ve had a look at some of the cashback offers that you can find out there, let’s take a closer look at how exactly a cashback bonus works in practice.

Eligibility for cashback offers

A cashback bonus is only good if you qualify for it! Most online casinos offering cashback bonuses will require you to meet a minimum requirement for losses. If you don’t reach the lower threshold then you won’t be eligible for any cashback. Fortunately, the minimum requirement is usually as little as $10.

Perhaps you have one other casino bonus that’s active on your account? If you’re wagering with bonus money then this won’t count towards your loss requirement. So, be sure you’re wagering with real money if you want to claim a cashback bonus.

The final thing to look for when claiming a cashback offer is the wagering requirement. The vast majority of casinos impose at least a 1x wagering requirement on their cashback bonuses. This means you need to wager your cashback once (at least) before you can withdraw any winnings.

How to calculate your cashback

Calculating your cashback amount might sound easy, but there’s a bit of a knack to it. Casinos don’t pay cashback on all losses, but more accurately on your net spend. After all, if you deposited $100 and lost $90 initially, only to win $300 with your final $10, you wouldn’t consider it a loss!

To work out your net spend, find out the cashback period and then subtract any winnings from your total losses. 

For example: You claim a weekly cashback offer, that runs from Monday to Monday. On Monday you deposited $100 and during the week you made losses of $100 and winnings of $50. This means your net spend is $50.

Once you’ve got your net spend, you simply find the percentage of it that’s advertised in the bonus terms. If it’s a 10% cashback bonus, then you’ll be awarded $5 as cashback.

by Pavlos Sideris Last updated: 1 Nov 2024

Pavlos's passion for casino games led him to first start working with online casinos over 10 years ago. With extensive industry knowledge, he ensures content is accurate, relevant, and offers across the site present good value to players.

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