Cashback offers have been around for a very long time and evolved over the years. They are founded on the idea that spending money will save you money, which is simply the case of genius marketing and an obvious fallacy. Less isn’t always more. But are there exceptions to this rule?

This article will be the only one you’ll ever have to read on the topic of the best cashback offers for casino players in Canada. You will find information on all currently available types of cashback offers, which ones to look out for, which to avoid at all costs, and, of course, why.

Top Cashback Canada Casinos 2020

CASINO

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13Best Cashback Casinos Canada
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What is cashback?

Cashback offers reimburse a percentage of your losses. Just like it says in many of the offers, you will have to lose a minimum amount of money in the casino to even qualify for a percentage of your losses returned. Let’s take a closer look at some of the most common types of offers:

  • Deposit money and we will return a percentage of your deposit if you don’t win
    Basically, this could be seen as gambling without risking your money, or at least a percentage of it, since you’ll get that back, right? Well, you will only get the money back if you lose and you might want to read the terms and conditions carefully because your cashback money will most likely be subject to wagering requirements… These offers are often tied to a specific time period as well.
  • Opt in to claim a percentage up to an amount on your losses after a period of gameplay
    These types of deals aren’t that bad since you don’t necessarily have to make a deposit to benefit from them. Just make sure that the money returned is cash and not bonus money that needs to be wagered before you can make a withdrawal. Also, you usually have to lose a minimum amount to qualify for the cashback.
  • Cashback as Welcome Bonus
    Yes, these actually exist. This is one of the latest forms of Welcome Bonuses. How it works is basically that you deposit X amount of money and if you haven’t doubled the amount from winnings within a certain time frame, normally 24 hours, the offer is voided. If you lose all of your deposit money, the casino will refund your initial deposit without wagering requirements. This is probably the best type of Welcome Bonus since you either win or get your money back.
  • Free Spins
    Free Spins have been around forever, but you wouldn’t normally think of this as a type of cashback offer. Considering that each Free Spin is played at a set amount, one could argue that this is a form of either free money or free bonus money depending on whether or not there is a wagering requirement on the winnings. Free Spins are usually played at $0.10 per spin which means that 10 Free Spins are worth $1. As long as there’s no cap on winnings, this is a great chance to win some money back.
  • Cashback in exchange for Loyalty Points
    Many online casinos will reward their players through some kind of VIP or Loyalty Program where players earn points with every wager, starting from a fixed amount and often limited to different types of games. The exchange rate here can be exorbitant, meaning that you will often have to wager more than $1,000 for every $1 you get back. At least the money is yours without pesky wagering requirements.
  • Free bonus money
    Whenever you see the word bonus as part of any offer, you should read the terms and conditions carefully. Any casino may choose to top up your account with bonus money as a spontaneous reward for playing there. Just make sure that you find out what the wagering requirements are so you don’t end up making a deposit just so you can meet the requirements on this type of cashback offer.

These are the most common types of cashback offers. It’s not often that you will see Free Spins in this category of offers, but keep in mind that essentially, every offer you get from a casino that’s not a deposit match bonus or reload bonus is a form of cashback. Don’t think of this percentage as some kind of discount, because it really isn’t.

How to get cashback Canada casino bonuses

Sadly, in many cases this will depend entirely on how much money you spend in the casino. For most part, cashback is offered either to players who have lost a lot of money or who are part of a VIP or Loyalty Program.

Of course, there are other ways to get casino cashback bonuses. It could, for example, be something you claim as a Welcome Bonus when you make your very first deposit; The casino may top up your account with free bonus money or Free Spins to make you reactivate your account if you’ve been absent for a while; You could be offered to opt in to a cashback offer for the duration of a specific time period; Loyalty Points are redeemed for cash.

As you can see, there are several different ways to get casino cashback bonuses. It all depends on which type of offer from the ones listed above.

Is casino cashback worth it?

Before we share our opinion on this, ask yourself: should you have to lose, to win? One might argue that cashback offers could be seen as a Pyrrhic victory, meaning it’s a victory that has taken such a devastating toll on the victor that it’s tantamount to defeat.

Still, a victory is a victory even if you’ve suffered heavy losses. At least Pyrrhus, the ancient King of Epirus, whom the expression Pyrrhic victory comes from, would argue that victory must be achieved at all costs.

From a gambler’s perspective, this is very contradictory from a Responsible Gambling point of view as you’re likely to forget that you start chasing losses, thinking that you have some kind of back-up insurance with a money back guarantee.

There are, however, cashback offers well worth your while. Keep going and we will hand you the necessary keys to the promised land. It’ll be worth just a couple of more minutes of your time, and since you’ve already made it this far, how could a little more reading possibly hurt?

Cashback Canada Casino pros and cons

Great news! The pros outweigh the cons as long as you know what to look for. It’s crucial that you understand the wording of a cashback offer so you don’t end up buying a pig in a poke.

Cashback Pros:

  • Recovering real money losses is not a bad thing
  • Cashback without wagering is definitely a pro
  • A Welcome Bonus with cashback is a brilliant way to get started
  • As long as you don’t have to make a deposit, the cashback offer is in this category
  • If your potential cashback is higher than minimum withdrawal limits, it’s good
  • Offers without too stringent time limitations are perfectly fine

Cashback Cons:

  • You could be lulled into a false sense of security and chase losses unnecessarily
  • Cashback with wagering shouldn’t be seen as cashback
  • You should never have to deposit to qualify for cashback
  • If the potential amount you can recover is lower than you’re allowed to withdraw, it’s basically a scam
  • Offers subject to short time periods may give you a sense of urgency, thusly leading you to potentially making bad decisions, like, playing above your means
  • Don’t expect access to any cashback offer that you can play with bonus money as part of other bonuses’ wagering requirements

How to choose and find the right cashback casinos

To make a long story short, go for casinos that don’t impose wagering requirements on their cashback offers. You should also look carefully in the general terms and conditions regarding withdrawal policies. There is no point whatsoever in joining a casino where the minimum withdrawal is higher than your expected cashback return.

If you’re a new player, thinking about which casino to join, consider registering your account with Scatters Casino. Their Welcome Bonus is based on cashback where you get all your money back on your first deposit if you don’t double it within 24 hours, and of course you can play with CAD.

Another great cashback casino to look out for is Wildz Casino. They offer up to $100 when you opt it to activate any claimed “Cashback Chip.” This is well above their minimum withdrawal of $20 regardless of your selected payment method.

The rule of thumb for picking a great cashback casino should always be:

  • No need to deposit to claim the cashback offer
  • Cashback returned should always exceed minimum withdrawal limit
  • Cashback with wagering requirement should always be avoided

If you follow our advice you stand to possibly gain real money recovered from losses. And THAT is not a bad thing no matter what anyone says.

Should I go for a casino cashback bonus?

If you are confident that you will benefit from claiming the cashback offer, and now that you know what to look for, go ahead and take the casino up on their promo. If you feel that the casino is only trying to reactivate your account from dormancy, then leave it alone.

Never allow any casino to get the upper hand when it comes to when you decide to play. Also, like we’ve already pointed out, NEVER accept cashback offers with wagering requirements. These are not real offers in the sense that you’re not getting real money back.

Casino Cashback FAQs

What is the meaning of cashback?

Cashback is a way for players to recuperate a percentage of their net losses, but it’s important to read the bonus terms carefully before you decide to jump in.

How does casino cashback work?

Normally, a cashback offer has to be either claimed with a deposit or activated by opting in to get started. The offers are usually valid for a specified period of time after which a percentage of your net losses is returned to your account.

Can I get real money back with cashback?

Yes, and you should!

Is cashback a scam?

Scam is a very harsh word but there are cashback offers out there that are incredibly unfair and you really need to know what to look for. If the potential return from a cashback offer is lower than what you are allowed to withdraw, then there’s no reason to consider that offer.

Is there a limit to how much cashback I can get?

A standard cashback offer is normally limited to 10%-20% of your net losses up to a maximum amount in CAD. The more you can recoup, the better.

Does casino cashback have wagering requirements?

Yes. And if it does, you should seriously consider the legitimacy of the offer. After all, cashback is only eligible when you’re playing for real money. Our advice is to stay away from all cashback offers that return bonus money.

Is casino cashback for VIPs only?

No. There are many online casinos open to CA players with regular cashback offers that doesn’t require you to be a VIP player.

What are the top casino cashback casinos in Canada?

We recommend all casinos listed above on this page. But if you want to put on us on the spot, then we would go for Scatters Casino for their Welcome Bonus and Wildz Casino for their incredible Loyalty Program.

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