Top Casino Cashback Bonuses in Canada 2024

If you are looking for the best online casino bonuses in Canada, you might want to consider casino cashback bonus. This is a unique casino offer that allows you to reduce you 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 of the questions you might have and find the best Canadian online casino cashback bonuses.

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Bonus $800
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What is a Casino Cashback Bonus?

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. 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 of time, such as a day, a week, or a month.

Cashback bonus canada

Canadian players have access to a wide range of online casinos, both domestic and international, that offer various bonuses and promotions. Cashback for online casinos in Canada is especially popular and valuable, due to the high competitiveness and regulations of the Canadian gambling market. However, not all bonuses are equally beneficial, as some of them may have hidden terms and conditions, high wagering requirements, or low conversion rates.

Casino cashback, on the other hand, are more transparent and fair, 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.

Best Top 10 Cashback Casino Offers in Canada 2024

As said here are many real money online casinos that offer cashback bonuses to Canadian players, but not all of them are worth your time and money. To help you find the best bonuses and casinos in Canada for 2024, we have compiled a list of the top 10 based on our experience and criteria:

  1. Zinkra: gives for new players 10% up to $10 000 weekly real money
  2. Pirateplay: percentage varies between 8% and 12% depending on you loyalty level
  3. ICECasino: best high cashback value $2000 and can be between 3-12%
  4. Reload Casino: get weekly 10% bonus money
  5. Caxino Casino: up to 20% bonus
  6. Blazzio Casino: 15% cashback with bonuscode CASHBACK
  7. Wheelz Casino: biggest cashback bonus 20%
  8. Wolfy Casino: 25% of your losses back every week
  9. King Billy Casino: best no wagering cashback bonus up to 15%
  10. Goldenbet Casino: unlimited 10% Cashback

* At the end of this page you can read more about the factors that we have used to rank these casinos.

Types of Cashback Casino Bonuses

Cashback casino bonuses come in many shapes and forms depending how you receive the bonus. Some of the common types are:

Types of Casino Cashback Bonuses

Regular cashback to existing players: 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 cashback offer: is basically the same as the previous one by the main difference is than this promotion is only intended to be use at casinos live section games.

Cashback casino bonuses + free spins: this is also 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 cashback bonus: 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.

VIP program: 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.

Welcome bonuses to new palyers: 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, cashback 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 The Right Cashback Bonus Casino

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 higher percentage and amount of cashback, as they give you more value and more chances of winning.

Read the terms and conditions of the bonus carefully and make sure you understand the requirements and the limitations. 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.

Choosing Between Cashback and Other Bonuses

Sometimes you need to choose between different types of bonuses. This decision can be difficult to make, but use this table the main differences to choose between cashback and other bonus:

CashbackBonus
BasisNet losses or depositsDeposit or bet amount
TypeReal money or bonus creditsBonus credits
Wagering requirements or restrictionsNo or lowHigh
FrequencyDaily, weekly, monthly, or occasionalOne-time, regular, or occasional
Percentage and amountLowHigh

Claim Your Cashback Bonus Online Casino

To claim a cashback bonus at an online casino, you have to follow these easy steps:

Claim a Cashback Casino Bonus in Canada
  1. Find a online casino that accepts Canadian players and offers a cashback bonus. You can use our list of the top 10 list for online casinos and bonuses for Canadian players in 2024 as a reference.
  2. Sign up and register at the chosen online casino.
  3. Opt-in or claim the bonus offer. Some bonuses are automatically credited, while others require a bonus code or a manual activation.
  4. Make a minimum deposit using one of the payment methods available or bet a minimum amount.
  5. Play eligible games within the specified timeframe using your deposit or bet amount.
  6. Receive your bonus cash amount at the end of the timeframe based on your net losses or deposits.
  7. Withdraw your amount or use it to play more games.

Cashback – Pros

By now it is clear that cashback can be a great way to get some extra value out of your casino play, and can be used to boost your bankroll or simply offset any losses you may incur. However, there are some things to keep in mind before you opt for a bonus. Here are some pros of the pros:

  • Extend your playtime without depositing
  • Low wagering requirement or none at all
  • Immediate cashout
  • Some of them do not require a deposit
  • The requirements are simple
  • Lower your losses

Cons

  • You may end up losing more than you planned or budgeted for
  • The percentage is usually small
  • You need to lose some funds before being eilgible
  • Restricted games or game types
  • Not widely common in Canadian online casinos

FAQs

What are common wagering requirements for cashback casino bonuses?

Wagering requirements are usually 10x, 20x, or 35x, which means you have to wager the amount 10 times, 20 times, or 35 times, respectively.

Are there any cashback bonuses with no wagering requirements?

Yes, there are cashback bonuses with 0 wagering or no wagering requirements. Usually these are bonuses that are given as real money are rare to find.

What are cashback casinos? 

These are online casinos that specialize in offering cashback 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.

Why do casinos in Canada offer cashback? 

There are various reasons, why casinos offer cashback casino bonuses, such as:
to attract new players retain existing, to increase customer satisfaction by reduceing their risk of losing money and to show that the casino cares about its players.

How much money will I receive back?

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

Are there other limits for cashback offers? 

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.

How to calculate your cashback casino bonus?

The most straightforward formula for calculating your money back is:
Money back bonus = Percentage rate% × (Total deposits − Total withdrawals)

What are the common issues with cashback offers?

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 cashback on time.

How Ocelot Casino Rank Online Gambling Sites

There are many casinos available online, but not all of them are equally good. The factors that Ocelot Casino consider when ranking gambling sites are:

  • Game variety
  • Mobile experience
  • Sign up process
  • Payments
  • Unique features
  • Industry reputation
  • Security and support
  • Licensing and legislation