In this day and age, mainly due to the pace at which the internet is becoming more relevant, we do more of our favorite activities online, whether that be interacting with friends or watching movies and shopping, and the same is the case with gambling. What are the reasons behind this? They’re numerous, and discussing them is far beyond the scope of this conversation, but some of the main ones are the convenience, privacy, and variety that online casinos offer.
Online gambling is currently, by far, the most popular and high-earning entertainment field in Canada. With an estimated $15 billion worth of market and around $9 billion worth of funding provided towards government services, it supports over 135,000 jobs in Canada, leading the entertainment industry in the country.
It’s currently estimated, that as of today, there are over 2000 websites registered-meaning legally licensed-in Canada. The pace isn’t slowing down, and there are more and more websites showing up every year. Needless to say, it’s a very competitive market, and as is the case with all competitive markets, companies have to make serious effort to stand out and differentiate themselves from other companies and attract more customers.
They mainly achieve this by increasing the quality of their service by making their platforms more refined, easy-to-use and innovative. They achieve this in a multitude of different ways, like improving their website and other platforms like apps, improving their customer service, hosting newer and better casino software, etc.
However, by far, the casinos that are loved most by all players are the ones that provide the biggest and best bonuses. Free spins, reload bonuses, and multiplier bonuses are some of the fan-favorites. Players really love them, as with some of the games like high-volatility slot games, even a single win can change the whole course of your luck, and these bonuses can be game-changing.
Of such bonuses, one of the most beloved ones is the online casino cashback bonus. Cashback bonuses are loved by new and experienced players alike, especially by the latter, and you’ll learn the reason why below.
This guide will be offering a deep and thorough examination of what cashback bonuses actually are, how casinos use them, how you can use them for maximum profit, and what specific things to keep in mind to ensure maximum profit and satisfaction. We know, we know – it doesn’t sound like much fun, and probably a bit boring, but if you’re looking to make your gambling experience as positive and constructive as possible, then you have to ensure that you’re as best-informed about the subject as possible. This is your time and money we’re talking about, and it’s important! And so, without further ado, this is our guide to Canadian casino cashback bonuses.
Cashback bonuses are extremely popular in Canadian casinos, and casinos themselves know this. These bonuses are one of the most common types of bonuses on the market. With so many casinos offering them, and them mostly being similar, it can sometimes get a bit hard to choose which one to go with. With this list, we’ll be helping you out to make a choice on which one might be better for you.
Before we discuss how to find the best cashback bonus casino, let’s define what cashback bonuses actually are.
A cashback bonus is a credit that you get back in form of game bonus money, and in some cases, even real cash money, into your account after losing money at an online casino. The amount is usually a percentage of your loss and is determined individually by casinos. Cashback bonus may not seem like a complicated subject in and of itself, but there are definitely some “gotchas” when it comes to fully understanding them, and we’ll make sure to cover all those points.
No matter how good of a run you’re having with your casino winnings, everyone loses eventually. You may get too carried away from the excitement and make too much of a high bet, you might have a bad day, or you might just bet on something wrong. Mistakes happen. However, some of the losses can really sting, and that’s where a cashback bonus casino can act as a “saving grace”, and alleviate the losses, even for just a bit.
Cashback bonuses are not as popular as the free spins and welcome bonuses, as these two are what attract the most beginners who’re looking for a new casino, but cashback bonuses are especially beloved by the experienced players who usually spend a lot of money gaming. For those players, a cashback return is a nice feature that helps them minimize losses. The reason is that usefulness of cashback bonuses increases in a directly proportional manner to the number of games you lose.
Let’s dive into it a bit more deeply by examining a real-life example of a real money cashback bonus:
Let’s assume that your casino offers a 5% cashback for any losses that you accumulate over the week. If you make a deposit of $100, and after playing for a while, lose $50, at the end of the week the casino will give you back a 5% of the $50 that you lost, meaning a $2,50 cashback.
There’s way more to discuss it when it comes to cashback bonuses, which we will do below, but this is a very simple, straight-to-the-point explanation
It definitely varies from casino-to-casino, but usual amounts that we’ve seen for casino cashback bonus Canada are in the range of 10% of the loss. As is the case with every service and promotions that casinos run, there are some specials available for VIP customers with higher cashback bonuses, but you’ll always need to check that with the casino itself, through contacting support.
While the list of cashback bonuses Canada is not that big, besides the “classic” cashback bonus that you get weekly from your casino in case of a losing week, there are other types of cashback bonuses available, which you can gain access to in specific scenarios. Let’s discuss some of them below:
While you can’t enjoy access to Casino cashback bonus in Canada without a negative or zero weekly earnings score, with the case of top-up bonuses, an exact opposite can be the case. With top-up bonuses, you can win and get a bonus from your winnings for a certain period or a certain game. These bonuses are usually much lower, though, in the ranges of 3-10%.
Although very rare, with total-bet based cashback bonuses you can get a bonus with a fixed percentage of total bets you place in your game. You get a bonus whether you win or lose, and it gets higher and higher with the number of games played.
Cashback bonuses, as you can see, provide a nice way to “hedge” your casino bets, and can definitely provide at least small peace of mind for you when you’re having a run of bad luck. Since the very fact that you’re receiving this kind of bonus means that you’ve lost at least some of your money, it always makes sense to take advantage of these offers. However, there are definitely a few points that you need to remember in order to avoid confusion and possible frustration.
All cashback bonus casinos pay these bonuses out after casino software analyzes your weekly balance, and if and only if you have a week with net losses or zero, then it gives you the cashback bonus. If your weekly results are positive-meaning you earned more than you lost-casino won’t be providing the cashback bonus.
It’s quite often, that a cashback bonus that a casino offers you is specifically for the recent loss that you experienced; these are often called “Ad-hoc” bonuses and have a time constraint. They may be available only for the next few days, usually up to a week. Why do casinos do this? The main reason is to ensure that players are not taking extended periods of breaks due to their loss and to encourage them to keep going. It’s common for players to switch to a new casino due to a loss, and a daily cashback bonus in Canada can help casinos retain customers. This way the players won’t be saving these bonuses for later use as well.
Wagering Requirements are the casino’s minimum required amount of playthrough that the player needs to commit before claiming benefits from a bonus. They’re very common with bonuses like free spins, first-time deposits, reload bonuses, etc.
Canadian cashback bonus casinos also do sometimes set wagering requirements, like with other types of bonuses, but these are usually much lower, in the ranges of 10x, as opposed to, for example, free-spin bonuses, which have 20x-40x requirements. As mentioned, no matter what the wagering requirement is for your cashback bonus, it will still always make sense to use them, so bet away!
Having covered most of the important bits, there are a couple of more useful tips that will come in handy.
While cashback bonuses are a great way to minimize losses and are always welcome, you should never let them dictate too much of your gaming strategy. What we mean is not to assume that you’re “too safe” and get carried away. For most of the casinos, cashback bonus payout Canada will have a cap, which will usually range from $100 to $500, depending on the specific casino itself.
You have to remember, that odds are still always in Casino’s favor and very much so. You should always stick to your budgeting plan, and not deviate from it based on the fact that you’re expecting a cashback bonus. While always welcome, these bonuses are very small, compared to the amount that you’d be losing, so look at them as an additional benefit, a cherry on top, if you will.
One thing that we constantly notice and are confused by is how little attention people pay to actually researching terms and conditions of bonuses. As is the case with every product or service that you’re receiving, it’s important to be aware of its terms and conditions, and your cashback bonus online casino should in no way be an exception. Nobody enjoys reading terms and conditions-especially reading them fully-but as a player who’s risking their own hard-earned money and spending their time, it’s in your own best interest to be aware of as many details of terms and conditions as possible. Taking a few minutes to familiarize yourself with them will pay out majorly in the long run.
Online casino bonuses are always a hot subject, seeing as it’s not a cheap entertainment hobby, and players are always looking for ways to gain additional benefits while gambling. With the demand for these promotions being as high as it is, and with the buzz that surrounds it, there’s bound to be a lot of misinformation online. That’s why it’s always important to do your due diligence with research and informing yourself as much as possible.
As you can see, despite seeming to be easy and straightforward on the surface, there are definitely a lot of hidden quirks when it comes to real money cashback bonuses Canada. One this is for sure, though – whether you’re a new player just taking your first steps in the world of online gambling, or if you’re an experienced veteran, cashback bonuses are one of the best features that casinos actually have to offer for players in terms of benefit. If you gave this guide a full, careful read and will be making tangible steps to implement its advice, you’ll have no issues utilizing any casino cashback bonuses Canada to their fullest potential. Just remember to always stick to the main principles, which is playing with your brain, not your heart, always sticking to a budget, and most importantly, try to have fun!