Cashback bonuses return a percentage of your losses when playing slots, live casino games or betting on sports. Depending on the casino’s rules, you’ll receive a refund on daily, weekly or monthly losses from real-money or crypto bets. Below, I will assess different types of cashback offers and how they work. At the same time, I will give you tips that I’ve picked up while using cashback deals so you know exactly what to look out for when choosing one that suits your style of play.
Age Limit: Always check the legal age to gamble in your country. Also, never enter the wrong date of birth when signing up to an online casino or you will fail the KYC check required before you withdraw.
Casinos Online with Cashback
The casinos in this table give you a cashback deal as soon as you deposit real money or crypto. That means you don’t need to work your way up to a VIP level to gain insurance on your deposits. They all work as we have tested them all, and we have no complaints to report.
| Casino Website | Cashback | Review / Licensing Framework |
|---|---|---|
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10% BF Daily Jackpots Cashback 0x Wagering Cashback up to €/$500 with 0x wagering |
Hotslots Review
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1% to 7% Online Slot Cashback 0x Wagering Cashback up to €/$500 |
Lemon Casino Review
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Daily & Weekly Slots & Sports Cashback 3x Wagering No fixed upper limit |
Snatch Review
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Affiliate Disclosure: We may earn a commission when you sign up for any of the recommended cashback casinos in the table above. However, we will ensure that the money goes back into creating more gambling news and guides like this one. See the Affiliate Disclosure in the footer for more information.
Casinos Online with VIP Cashback
The iGaming platforms in this table begin to give you cashback on your losses once you reach a certain VIP level. We have not tested the cashback for all of these casinos because we are not yet at the VIP level, but I am personally playing at Bitkingz right now, so as soon as I hit the VIP level, I’ll leave some feedback.
| Casino Website | Cashback | Review / Licensing Framework |
|---|---|---|
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5% to 20% Daily Cashback 5x Wagering Requirement Up to €/$50 – €/$ 10,000 |
Lucky Hunter Review
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10% to 30% Weekly VIP Cashback 20x Wagering Requirement Unlimited Amount |
Gamblezen Review
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Up to 20% VIP, Instant & Daily Cashback 3x to 35x Wagering Requirement Up to €/$ 500 – €/$ 10,000 |
Bitkingz Review
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Disclaimer: Each of these website could update the rules for the cashback deals at any time. Always check the the casino’s T&Cs or Bonus Terms before making a decision whether to sign up to an iGaming platform based on the cashback offer.
Cashback Bonuses Explained
A cashback cushions your losses by returning a percentage. However, receiving cash back is not necessarily good news because it means you have suffered a loss. Through the cashback, you only get back a percentage of those losses. For example, if you bet €/$500.00 and received a €/$50.00 cashback, you have just recouped 10% of your losses, but that means you have still lost €/$450.00.
The silver lining is that all casino players have a losing streak at some point. We see so many websites talk about winning big, but losing is also a part of gambling, as variation affects the probabilities of winning. The cashback is there to cushion those inevitable losing streaks.
How Does a Casino Cashback Work?
Best Cashback Tips
Types of Cashback Bonus Deals
Online casinos offer daily, weekly and monthly cashback deals. Furthermore, depending on the cashback’s bonus rules, it will apply to different types of games. For instance, some apply to live casino games only, others to online video slots and some specifically target cryptocurrency players.
Below, we give you some examples of various cashback bonus offers:
Online Slot Cashback
- An online slot cashback is only available for slot and pokie games.
- Play online slots only and receive a percentage of your losses back.
- The wagering requirement is typically 5x up to 20x.
Live Casino Cashback
- A cashback that applies only to live dealer games.
- Play live game shows and table games to receive a percentage of your losses back.
- Typically come with a 0x or 1x warning requirement only.
Cryptocurrency Cashback
- Usually offers a large maximum cashback amount.
- Crypto cashback can return up to 1 BTC in losses, which is ideal for high rollers.
- Typically, a 0x wagering requirement at crypto casinos.
Sports Betting Cashback
- Receive cashback on losing bets.
- Certain bet types will be eligible for cashback.
- Sportsbook cashback deals often come with very low wagering requirements.
VIP Cashback
- Earn VIP loyalty points to qualify for cashback.
- Most casinos offer cashback when you reach level 3.
- At higher VIP cashback increases, and wagering requirements are lower.
Welcome Bonus Cashback
- A common feature used with crypto casinos.
- Rather than claiming a deposit match, you receive a substantial cashback offer.
- More often than not, there is no wagering requirement.
Read the bonus rules: If you are signing up for an online casino purely because of its cashback bonus offer, always read the bonus rules beforehand to make sure there are no surprises. For example, you may find the casino excludes the game you most enjoy playing from the cashback offer.
Pros and Cons of Casino Cashback
At this point, it is safe to say cashback bonuses are appealing because they can reduce risk by a small percentage by effectively giving you a safety net when you hit a losing streak. Notice I say ‘when’ because I want to reiterate that losing streaks are a part of gambling, and they should be something you plan for.
There is a caveat. Not all cashback deals are created equal. Some come with wagering requirements or game restrictions that limit their value. To give you a visual on what to look out for before you decide to use cashback or sign up to a casino based on its cashback offer, below are the pros and cons tables that give you a clear breakdown of the main advantages and disadvantages to help you decide whether cashback bonuses are worth claiming.
| Pros |
|---|
| Reduces your losses when you hit a losing streak |
| They typically come with low wagering requirements |
| It can act asd a cushion against the house edge |
| Cashbacks are awarded regularly |
| Easy to understand bonus |
| Cons |
|---|
| It only applies to your losses |
| It can give you a false sense of security |
| Limited to specific games or bet types |
| Some bonuses have a low cashback cap |
| Some require you to reach a VIP level |
Alternative Casino Bonuses
Cashback bonus offers are one of many online casino bonuses available, and here at Casinoplusbonus, we want you to understand all the alternatives available. For further reading, I’ve added our guides to free spins, no-deposit bonus deals and bonus code offers below to help you get more value from your iGaming experience!
Cashback Versus Rakeback
Rakeback and cashback are very similar because they both give you refunds on losses, but there is a key difference between them. Cashback means you have to have lost and you are getting a refund on that loss, while rakeback will still give a refund on losses even during a winning session. Sound confusing, let’s explain.
- Cashback: As established in this guide, cashback returns a percentage of your losses for the day, week, or month, effectively serving as a refund. For example, if you bet crypto and lose 100 USDT, with a 10% cashback return on your losses, you are left with a balance of 10 USDT, which represents your cashback.
- Rakeback: A rakeback pays you back a percentage of the RTP you lose on a single instance of a bet, or in other words, the house edge, also known as house advantage. For example, if a slot has a 95% RTP, it means the house edge is 5%. Rakeback is typically calculated on that 5% edge. So, if you bet 100 USDT, the casino expects to keep 5 USDT (5%) in the long run. Therefore, rakeback earns a percentage back on that 5 USDT as rakeback. If the rakeback is 20%, the casino pays you back 1 USDT, which is 20% of 5 USDT.
| Feature | Rakeback (Slots) | Cashback |
|---|---|---|
| Based on | House edge on total wagers | Net losses (deposits – withdrawals) |
| Triggers on | Every losing spin | osing sessions only |
| Common in | Crypto casinos, VIP programs | Standard promotions |
| Looks at | Volume + house advantage | Outcome (did you lose?) |
As you can see, the key difference is that cashback provides a refund of your losses on a deposit or deposits within a set timeframe, meaning you incurred a loss. Rakeback is tied to your total wagering volume and losing bets based on the theoretical house edge, whether your overall session is a winning or losing one.
Should You Use Cashback Bonus Deals?
The answer is yes, as long as the cashback is worthwhile, which the same can also be said for any casino bonus. Ultimately, the conditions have to be right for you.
To illustrate this from my personal experience, I love live casino cashback deals because most of them now come with 0x wagering requirements. With RTPs on games like live Blackjack Azure featuring an RTP as high as 99.59%, if I am unlucky enough to hit a sore losing streak, I receive 25% of my losses back with 0x wagering at my casino. That’s enough to cushion the 0.41% long-term house edge. The conditions are perfect for me.
If you are an online slot player, the wagering requirements are high compared to live casino and vary from casino to casino. I often see cashback advertised, but on deeper inspection, it is only available if you are a VIP player. If this is the case, I would advise against betting more than you can afford, just to become a VIP player. In fact, it’s counterproductive to bet more than your budget permits simply to gain a bonus that essentially only gives you money back when you lose.
As for the most important point when considering an online casino purely based on its cashback offer, you have to take into account the wagering requirement.
It’s your decision: Ultimately, as long as you gamble responsibly, set limits, and the cashback suits your level of spending at a casino, then it’s a helpful bonus, mainly when used strategically to plan for a cashback to cushion losing streaks.
Cashback Guide FAQs
What is a cashback bonus?
A cashback is when you lose money from your deposit playing online casino games or betting on sports, the casino will return a percentage of your loss.
What wagering requirements do cashback bonuses offer?
A cashback wagering requirement can offer 0x wagering for live casino games and between 5x and 20x for loses returned when playing online slots or pokies. For sportsbook cashback deals, if you do your research, you will find they offer wagering requirements as low as 1x to 5x.
What is the best cashback strategy?
Do not bet to lose just because you know a cashback is coming. The cashback should be seen as a tool, simply there to cushion losing streaks, which all casino players should plan for.
What is the best type of cashback?
The best type of cashback gives you a 0x or a low wagering requirement, coupled with a high percentage of your losses returned. You should also make sure that it applies to games you enjoy playing the most.
What is the difference between a crypto cashback and a fiat currency casino cashback?
There is no difference in the mechanics behind a crypto or fiat cashback offer. With that being said, crypto cashbacks usually refund a higher maximum limit compared to their fiat currency counterparts.
Victor Meldrew (lol)
July 4, 2025 at 11:41 amI prefer live casino cashback personally. most come with no wagering. it fits in with my black strategy perfectly so if I do have a bad week I get it out the way with. as long as I stick to basic strategy in the long run I am in profit. Not enough to retire lol Im no big spender but I’m having fun.