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What Is a Cashback Bonus?
A cashback bonus is a money-back guarantee if you lose up to a certain amount. Many cashback casino sites offer 10%, but the percentage will differ per operator.
Casinos will typically only give you a cashback bonus on losses. So, for example, if you deposit £50 and spend it all on online slots with no luck, you will get £5 returned to you as a cashback bonus. This could be over a period of 24 hours, 7 days or 30 days.
This then gives you the opportunity to continue playing your favourite online slots. With no wagering requirements attached in most cases, you can then withdraw any potential winnings from any cashback bonuses.
How Do I Calculate Cashback Bonuses?
All cashback bonuses use a round figure, which is always helpful – 5%, 10%, 20%. You won’t see 7.2%, for example, so it’s pretty easy to work out.
All you need to do is divide your lost amount by the cashback bonus percentage. For example, £500 lost with 10% cashback will give you £50 – 500 divided by 10 equals 50.
How We Rate the Top Cashback Casino Sites
We don’t just pick cashback casino sites out of thin air. There’s a lot of research that goes into selecting the best ones, and we consider the following points that are important to us and players alike:
- Secure & Licenced – All casinos we list on our website are fully licenced by the UK Gambling Commission. They all have SSL encryption technology to ensure all personal information is kept safe and secure. You are safe with all cashback casino sites listed on our site.
- Game Choice – The best cashback casinos will offer many slots as part of their cashback bonuses. These can include new online slots and ones that have been around for a lot longer. It’s important to see plenty of top providers listed.
- Payment Options – The best operators will have a wide variety of safe, quick and convenient deposit methods. A debit card is very common, but it’s even better if it’s coupled with top e-wallets like PayPal and Apple Pay.
- Customer Support – We look for cashback casinos that have fantastic customer service. Ideally, live chat will be a 24/7 option, but it’s also paramount to have friendly and knowledgeable people at the other end who respond quickly.
- Mobile Compatible – The best cashback casinos are all available with mobile in mind. Most UK players are mobile users, so it’s important to have operators with a fully optimised mobile site at the very least.
- Other Bonuses – The leading sites will have numerous other promotions on offer other than a cashback bonus. For example, there can be welcome offers and free spins bonuses to enjoy, too.
If you want a deeper dive in our casino rating criteria, check out our How We Rate page.
How to Claim Cashback Bonuses
You normally need to opt-in to claim one of these offers at cashback casinos. While the promotions will differ slightly with each casino, claiming the best cashback bonuses is fairly straightforward:
- Choose your cashback offer – We have a list of casinos with cashback bonuses above. Occasionally, you will also see a cashback bonus as part of a welcome offer.
- Register and deposit – Register at your chosen casino and deposit however much you wish to play with. Remember to opt-in to any cashback bonus deals, as most require you to do so.
- Play – Spin away over the course of a day, week or month. Make sure you check the T&Cs to see if there are any slot restrictions to the cashback bonus.
- Enjoy your cashback – If you’ve opted in, any cashback after the promotional period will automatically be credited to your account. There are usually no wagering requirements, but again, just check the T&Cs to make sure.
Different Types of Cashback Bonus Offers
There are many types of online casino cashback bonuses. Let’s run you through the most common ones you’ll come across at UK casinos, starting with losing spins.
Losing Spins
A cashback bonus of this type means that you will be compensated a certain percentage based on the amount lost on slots. A UK casino may narrow it down to specific games though, so the offer might only be available on NetEnt slots or ELK Studios slots, for example. Just read the T&Cs to fully understand the promotion.
All Losses
When you get a cashback bonus on all of your losses, you’ll receive a percentage back on your net losses for all games, it’s as simple as that. This isn’t too common these days as a lot of cashback bonuses are typically attached to specific games nowadays.
Deposits
This is where the operator gives you back a percentage of your deposit. No net losses or anything like that is taken into account. For example, if the online casino cashback is 10% and you deposit £100, you will get £10 back.
VIP Cashback
These aren’t as prevalent as they used to be but there are still some floating around. As a VIP at a casino, you could enjoy increased cashback bonus offers versus the norm. But rather than just being a VIP promotion, they tend to be part of loyalty schemes too.
Wager Free
Essentially, this is an offer where you don’t need to meet any wagering requirements, unlike your typical casino bonus for new players for example. These are quite common, although a casino may well apply a loss limit, which means you might need to wager and lose a certain amount before you can receive a cashback bonus.
Daily Cashback Bonus
This is arguably the most common offer with the best cashback casinos. Once you grab this promotion, you will have a certain period of time during one day when all of your losses are calculated. This could be from 10 am until 10 pm, for example. You will get a percentage of your losses back as a cashback bonus. Players who enjoy higher stakes will benefit more from this than those who bet lower amounts.
Weekly Cashback Bonus
This type of bonus is similar to a daily cashback bonus, but this time, it’s spread over 7 days. Once the week is up, you’ll get a percentage of your losses back.
Monthly Cashback Bonus
Again, this type is the same as the other two above, but it’s spread over 30 days. There’s obviously a bigger chance of a more significant chunk of cashback here, but casinos will often set an upper limit, so just make sure you check the terms of that.
Cashback Casinos Pros & Cons
With any casino bonus, there are always advantages and disadvantages to be aware of. Here’s a list of the main pros and cons of cashback bonus offers:
- Reduces losses
- Rewards you for being a loyal player
- Gives you more chances to play your favourite games
- Available on mobile devices as well as desktop
- Available at plenty of UK casinos
- Usually wager free
- Simple to understand
- You have to lose money before receiving cashback
- Cashback is usually capped at a certain amount
- Some casinos do not offer cashback bonus deals
Cashback Bonus T&Cs
You should always be aware of the terms of each cashback bonus as they will differ for each operator. So, for example, while you may be able to play Blood & Shadow (Nolimit City) as part of one offer, you might not with another. Here’s a list of common terms to be aware of with cashback bonuses:
Minimum Deposit
Cashback bonuses will always require you to deposit a certain amount, and that will be made very clear in the T&Cs of the offer. That figure could be £10, or it could be £20+.
Game Restrictions
Casinos typically have restrictions on the games you can play that contribute to the casino cashback calculations. For example, you may be able to play Pragmatic Play slots, but you might not be able to play the best IGT slots. Alternatively, certain slots may contribute 100%, while others only contribute 50%. As always, read the T&Cs to understand everything fully.
Maximum Limits
Operators will offer up to a fixed amount as a cashback bonus. £100, for example, but this can vary per casino. But whether it’s high or low, be aware that there’s always a maximum cashback amount attached to these promotions.
Cashback Percentage
You’ll receive a fixed percentage back on your losses. This is commonly 10%, but it could be 5% or 20% or more. Again, just make sure you check the terms before committing. As an example, 20% cashback up to £100 is much better than 5% up to £300.
Are Casino Cashback Bonuses Legal?
In a word, yes. Everything about these offers and cashback casinos is perfectly fine here at Online-Slot.co.uk. We only list reputable UK casinos and those that are fully licensed by the UK Gambling Commission, so rest assured you are in safe hands on our website and on this page.
Best Cashback Casinos FAQs
We’ve put together a list of the top cashback casinos at the top of this page. We take you through why they’re the leading options and what bonuses you can enjoy.
Essentially, a cashback casino is an operator that offers cashback on losses as a promotion. All casinos are different, but you can get back a percentage of your losses in the form of a bonus.
Typically, no. Cashback bonus funds are usually only applicable to selected games. Read the T&Cs of all cashback bonus deals to understand what games are included.
A welcome offer is a promotion available to new players only. A cashback bonus is usually an offer that existing players can enjoy regularly.
It all depends on the casino, as there are different types of deals. You may have cashback bonus offers available throughout the week, or you may have some that are only available on a certain day. Just make sure you check the terms of each offer you see to understand the cashback bonus fully.
There are many advantages to cashback bonuses, such as the following: they’re a reward for being a loyal player, they’re usually free of any wagering requirements, and the cashback bonus gives you opportunities to play more games.