If you are looking for the best online casino bonuses in Canada, you might want to consider casino cashback bonuses. This is a unique casino offer that allows you to reduce your losses by receiving back a percentage of your losses as real money, free spins, or bonus credits. Continue reading and find the answer to all the questions you might have and find the best Canadian online casino cashback bonuses.
As the name suggests casino cashback bonus is a type of casino promotion that gives you back a percentage of your losses or deposits as real money or other types of bonuses. Canadian players have access to a wide range of online casinos, both domestic and international, that offer various bonuses and promotions.
The percentage and the amount vary depending on the casino and the offer, but usually ranges from 5% to 25% of your net losses or deposits over a certain period, such as a day, a week, or a month. The bonus money is typically credited to your account and can be used to play games, subject to certain terms like wagering requirements and time limits. It’s a way for casinos to give players a second chance to win and to keep them engaged with their platform.
* At the end of this page you can read more about the factors that we have used to rank these casinos.
Cashback casino bonuses come in many shapes and forms depending how you receive the bonus. Some of the common types are:
This bonus that is meant for existing users. This is usually a lower percentage and a lower amount of money back bonus that you can get daily, weekly, or monthly. However, regular bonuses for existing users may also have lower wagering requirements and fewer restrictions, as they are meant to be simple and convenient to encourage and facilitate regular play. In some cases, the casinos compensate an unlimited amount.
Live casino offer is basically the same as the previous one. The main difference is that this promotion is only intended to be used at casinos’ live section games.
This is also a regular bonus that is intended for existing players. Compared to the regular money back you will also get extra free spins but the percentage is lower as it is compensated by the free spins.
No wagering bonuses are the best type, as they give you the most value and the most freedom. However, no wagering bonuses are also the rarest type, as they are very generous and costly for the casino and usually not offered regularly.
To recognize and reward high rollers and frequent players casinos offer a higher percentage and a higher amount of cashback than otherwise. Further, VIP program bonuses may also have lower wagering requirements and fewer restrictions, as they are meant to reflect and respect the status and the preferences of VIP players.
These bonuses usually have a higher percentage and a higher amount of cashback than other types of bonuses, as they are meant to attract and reward new customers. However, money back as a welcome bonus may also have higher wagering requirements and more restrictions than other types of bonuses, as they are meant to prevent bonus abuse and fraud.
Choosing a casino can be tricky, as there are many factors to consider, here are some tips that will help you. Start with comparing different bonus offers and find the one that suits your budget, preferences, and playing style.
Opt for a higher percentage or amount of money, as they give you more value and more chances of winning. Choose a bonus that has the lowest wagering requirements or no wagering. These are only some of the tips and you can always use our reviews and lists to make your choice easier.
Sometimes you need to choose between different types of bonuses. Compared to other casino bonuses are cashbacks more transparent and fairer, as they clearly state the percentage, the period, and the amount of money that will be refunded. Moreover, cashback bonus is more suitable for the Canadian gambling culture, which is more conservative and risk-averse than some other markets.
Canadian players tend to prefer playing with their own money, rather than with bonus money, and they appreciate the opportunity to recover some of their losses, rather than chasing bigger wins.
To claim a money back bonus at an online casino, you have to follow these easy steps:
The common terms and conditions for cashback bonuses at Canadian Online Casinos typically include:
Calculating the value of cashback bonuses is quite straightforward. Here’s the general formula you can use:
Value=Purchase Amount×Cashback Percentage
For example, if you have a bonus rate of 2% and you spend $250, the calculation would be:
Value=250×0.02=$5
So, you would receive $5 as your reward. Remember to convert the percentage into a decimal when doing the calculation (e.g., 2% becomes 0.02).
Yes, there are bonuses with 0 wagering or no wagering requirements. Usually bonuses that are given as real money are rare to find.
These are online casinos that specialize in offering money back bonuses to their players, either as their main or their exclusive type of casino reward. These casinos usually have a higher percentage and a higher amount than other types of online casinos.
There are various reasons, why casinos offer cashback casino bonuses, such as:
to attract new players, retain existing customers, to increase customer satisfaction by reducing their risk of losing money and to show that the casino cares about its players.
The amount of money you will receive back depends on the percentage of the bonus, as well as your net losses or deposits. For example, you deposit $100 and lose $50 during the period. With the different percentages you will get back:
5% – $2.5
15% – $7.5
25% – $12.5
Yes, there may be other limits, such as maximum amount paid back, minimum loss or deposit, maximum bet or win and expiration date to claim the promotion.
The most straightforward formula for calculating your money back is:
Money back bonus = Percentage rate% × (Total deposits − Total withdrawals)
There might be countless issues but here are some examples of common issues:
Not meeting the eligibility criteria, not understanding the wagering requirements, or not receiving the money on time.
There are many casinos available online, but not all of them are equally good. The factors that Casino Newsroom consider when ranking these gambling sites are:
Elara Whitfield, a meticulous casino reviewer at Casino Newsroom, is relatively new to the world of online gambling. Despite her novice status, her attention to detail is unparalleled. She dives deep into every aspect of the casinos she reviews, leaving no stone unturned. Her fresh perspective and thorough analyses are quickly making her a trusted voice in the industry.