When you decide to play real money Canadian casinos games, you’re probably searching for a site with amazing offers and plenty of gambling choices. One very popular special offer found at casinos today is cashback. This is as rare as it is preferred by gamblers since basically, when a site offers you a cash back, they are offering you casino bonus cash for free.
It’s exactly why this is offered at online casinos – to entice more players, reward them for their loyalty, and keep them gambling on the site. Because of the nature of this promotion, you can find it both in welcome bonus offers and regular promotions.
Best Online Casinos to Claim Cashback Bonus
Why Are There Casino Cash Back Websites Canada?
To put it simply, cashback represents a money return of the players’ losses at a casino, transferred straight to the player’s account when they meet the wagering requirements. This type of bonus has a huge strategic potential. Why? It’s because when the casino offers a cashback of 10% and limits it only to those who spent at least $200 on the website, more people will be tempted to deposit such an amount instead of, let’s say, only $100.
This gives the house an edge, a way to attract more players, but also attract higher bets. This is why some sites offer such attractive casino bonuses for Canadian players.
How Does Cashback Online Work?
This type of promotion is based on the idea that you’ll lose money. While some might hate thinking about this, others are well aware of the risks that come with gambling. This means that, even if they lose money, they won’t lose the entire sum because the casino gives it back. That’s how cashback online works.
How to Claim a Casino Cashback Bonus
There will be different ways to claim such a promotion depending on where you gamble. On some sites, you’ll need to use a cashback code to get some of your money back. Many Canadian casinos give players a chance to opt in their cashback program. If you do this, the money will be automatically loaded into your account if you meet the wagering conditions.
How Does Cashback Offers Work in Online Gambling?
There can be different types of cashback offers. Some of the more popular options include:
- Return on a specific game (such as a specific slot machine, or games from the same developer)
- Return on daily losses (let’s say you lose $200 today, which makes you eligible for a return of 10%, so you get $20 in your account the next day)
- Return on weekly or monthly losses (the casino will keep track of how much you deposit – and lose, and grant you your money back at the end of the period in question)
Wagering Terms and Limitations on Cashback Sites Canada
As previously mentioned, such promotions almost always come with some wagering conditions. First of all, there’s the minimum amount that you have to lose during a certain period to be eligible for the cashback. Next, there’s the banking method you must use – or options that are excluded from this program for you to pay attention to.
Some restrictions may apply to the games you’re allowed to play. On one site, you might get cashback on some slots, while on others this is exclusive for live dealer players.
Many sites will impose a maximum cashback amount in addition to the percentage offered. They’ll also have some playthrough conditions, such as 35x playthrough before you can withdraw any winnings from this promotion.
Because of all this, it’s highly important to familiarize yourself with the terms before you claim a deal.
Where and How to Use a Cashback Offer
There are several ways for you to use your cashback offer. You might need a code, the offer might be provided to all automatically, or you might need to opt-in for a program to become eligible for it.
Before you jump at the opportunity to claim such a deal, always make sure to read the fine print. No matter how great it seems, you should be familiar with the conditions. In some cases, the required lost amount is higher than your budget and in others, the playthrough requirements are simply not worth it.
Pros and Cons from Playing on Cashback Websites Canada
- Cashback promotions usually come with lower playthrough requirements than other welcome bonuses
- Many sites will reward you with such promotions as a thank-you for your loyalty
- A chance to return some of the money you lost and minimize expenses
- Usually require a higher deposit to make you eligible for this promotion
- Can come with high wagering requirements
When a casino offers this type of deal, they offer to return some of the money you’ve lost once you met their terms and conditions.
Many Canadian top-rated sites offer such a promotion. Few offer it as a welcome, while most include it in their loyalty or VIP programs.
Yes. As long as you’re gambling at a licensed and secure website, any deal they offer, including this one, is legal and legit to use.