A cashback casino bonus is a promotional offer where players receive a percentage of their losses back as a bonus. This type of bonus serves as a safety net, providing a refund on a portion of the money lost during a specific period or on certain games.
List of Casinos With Cashback Bonuses
Below you will find our top 10 cashback casinos for NZ players.
Types of Cashback Bonuses
Casinos provide cashback incentives to thank patrons and entice them to continue playing. By serving players an opportunity to recover a percentage of their losses during a predetermined time frame, they lower the overall risk associated with gambling. I have provided you with the varieties associated with the cashback bonuses for a better understanding.
Daily Cashback
Daily cashback bonuses provide players with a refund on losses incurred within a single day, promoting daily engagement with the casino.
Weekly Cashback
Weekly cashback offers a rebate on losses accumulated over a week, encouraging consistent play throughout the week.
Monthly Cashback
Monthly cashback rewards players for loyalty over an entire month, offering a larger window to recoup some losses.
Short Term Promos
Short-term promotional cashbacks are offered for a limited time, often as part of special events or new game launches.
On Losses
Cashback on losses is the most common type, where players receive a percentage back from their net losses during a specified period.
On Specific Games
Casinos may partner with specific game providers to offer cashback on their games, promoting those titles.
Live Casino Cashback
Live casino cashback is tailored for the live dealer games section, providing a rebate on losses incurred in live casino play.
VIP Cashback
VIP cashback is exclusive to members of a casino’s VIP program, often featuring higher cashback rates and special terms.
No Wagering Cashback
Players who receive no wagering cashback bonuses can withdraw the cashback sum right away without having to meet any additional wagering requirements.
Loss Limit Cashback
Loss limit cashback offers a refund once a player’s losses reach a predetermined threshold, helping to manage their bankroll.
High Roller Cashback
High roller cashback is designed for players making large bets, offering them a higher percentage of cashback to match their higher stakes.
Casinos typically give back between 5% and 25% of a player’s net losses over a specific time frame or from a particular game as cashback. The policies of the casino and the particular cashback scheme that is in place may affect this rate.
How To Claim A Cashback Bonus?
Claiming a cashback casino bonus typically involves the following steps:
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1Select a CasinoOpt for a casino that provides cashback incentives.
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2Open an AccountSign up and open an account at the casino of your choice.
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3Deposit MoneyAdd money to your gaming account.
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4Accept the RequirementsGo over the conditions of use carefully to determine what is required to qualify to receive the cashback bonus.
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5Satisfy the Wagering RequirementsMake sure you fulfill any wagering prerequisites.
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6Claim the BonusWhether your cashback bonus is credited immediately or requires a promo code, follow the casino’s instructions to claim it.
Following the claim, there may be differences in the time required to get cashback bonuses. While some casinos handle bonuses instantly, others could take a few days to process them.
To check the status of a cashback bonus claim, you can usually:
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1Track the ClaimUse any tracking number or confirmation provided by the casino at the time of claiming.
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2Check Your AccountLook for updates in your casino account’s bonus or transaction history.
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3Contact Customer SupportFor assistance and details regarding your claim, get in touch with the casino’s customer care.
Remember to always read the terms and conditions of the cashback bonus to understand the claiming process and any associated requirements fully.
Can I Cash Out My Casino Cashback Bonus?
Yes, you are eligible to collect the rewards as long as you haven’t violated any of the regulations or T&Cs. Make sure to learn more about how online casino bonuses work and how you can profit from them so you can maximize your winnings.
What Terms and Conditions Are Imposed On Cashback Casino Bonuses?
All relevant information, including the bonus value, limit cap, cashback percentage, offer validity, wagering conditions, etc., is often included in the casino’s T&Cs page. Here’s a list of terms and conditions that come with Cashback bonuses:
- Maximum Cashback – There’s a maximum amount that you can receive. irrespective of how much you bet and lose playing your games, this caps the amount of money you can win back.
- Game Restrictions – This restricts the selection of games that you can play with your bonus. Cashbacks frequently include a list of games that are eligible or not. With a few exceptions for tables and card games, or live casino games it often fills the available slots.
- Validity Period – The duration of the deal can also be controlled by the casino. It might be a one-time, 24-hour, weekly, or monthly event, depending on the online gambling establishment in question.
- Minimum Deposit – A deposit exceeding a specific amount may be necessary in order to be eligible for a cashback incentive.
- Minimum Payout – The quantity of money you can take out after winning is limited. Although they aren’t extremely high, limitations can affect how long you have to play before receiving a reward.
- Wagering requirements – This represents the number of spins, bets, or wagers you must make with your bonus before you can withdraw it and any associated profits. You won’t be able to cash out your cashback until you fulfill the wagering requirements as specified by the casino.
Are there any payment methods that do not qualify for a cashback bonus?
Indeed, some payment methods are not eligible for an online casino cashback bonus. Several e-wallets, such as Neteller and Skrill, have restrictions and conditions that prevent them from being eligible for cashback bonuses.
As an example, consider 7Bit Casino, one of the best cashback casinos. If you play at 7Bit Casino and make deposits using Bitcoin, you qualify for the cashback incentive. A weekly minimum deposit of up to 7.5mBTC will qualify you for a 20% bonus, which will be transferred instantly into your online gambling account on Monday, provided you have a minimum loss of 7.5mBTC.
The Advantages of Cashback Bonuses
The main advantages of cashback bonuses are listed below.
The Disadvantages of Cashback Bonuses
The disadvantages of cashback bonuses are listed below.
Strategies for Maximising Your Cashback Bonuses
If you want to take maximum advantage of casino cashback bonuses, you have to understand them and apply them strategically throughout your entire gaming plan. The following advice and methods will help you get the most out of cashback bonuses at online casinos:
- Prioritising high cashback rates – Seek out casinos with greater rates of cashback. It’s advantageous to have additional funds returned to you at a greater rate, especially if you’re losing a significant amount of money.
- Understand the conditions of the agreement – This is crucial if you want to optimize your cashback potential. Before aiming to claim your cashback bonuses, make sure you are informed of the terms, which include minimal wagers eligible games, and wagering limits.
- Pick eligible games carefully – It’s possible that not all games qualify for cashback. Keep an eye on the available games and ensure that the ones you’re playing will enable you to meet your cashback goals.
- Keep your budget in check – Keep your wagers within your means. Instead of chasing cashback with money you won’t be able to lose, the goal is to limit losses.
- Pay attention to cashback periods – Understand when cashback payouts occur. During certain hours/days/weeks,, arrange your gaming to optimize cashback returns.
- Combine with additional bonuses – For optimal benefit, try combining cashback deals along with additional bonuses or promotions.
Potential Profit From Online Casino Cashback Bonuses
The potential profit from online casino cashback bonuses depends on several factors, including the percentage of cashback offered, the player’s total bets, and the specific terms and conditions of the bonus.
For example, if a player has net losses of $1000 and the casino offers a 10% cashback bonus, the player would receive $100 back. However, it’s important to note that cashback bonuses are not a guaranteed way to make a profit but rather a way to mitigate losses. The real gain will also depend on whether there are wagering requirements or an instant withdrawal option for the cashback.
Are Cashback Bonuses Restricted To Specific Casino Games
While some casinos give cashback on a variety of games, others will only match losses on specific games, like roulette or slots. High-payout games like poker and blackjack are inclined to be exempted from cashback offers.
What Is The Difference Between a Casino Sign Up Offer, a Free Spins Offer, and a Cashback Bonus?
There are several types of casino bonuses, each with unique features and advantages. Here’s a simple explanation of how these bonuses differ from one another:
- Welcome Bonus – This is a bonus given to new players when they register at a casino. It often includes a match on the first deposit and may come with free spins. For example, Wildz Casino offers 100% up to $1,000 plus 200 free spins.
- Free Spins – Typically offered on slot machines, usually in conjunction with a sign-up bonus or casinos can give free spins to try out new games. Smokeace Casino offers a no-deposit 50 free spins on the Pragmatic Play slot Sugar Rush when using the promo code SAFRS50.
- Cashback Bonus – Players receive a return for a percentage of what they lose over a predetermined time frame. Let’s Lucky Casino will offer you 100% on your losses up to the amount of $500.