What is Cashback, and Why Do Casinos Offer it?

Cashback is one of the most common bonuses you will likely come across when playing at some of the world’s most trusted websites that offer thousands of computer-generated and live dealer online fruit machines, blackjacks, roulettes, etc.

It’s a bonus that I’m familiar with and regularly benefit from.

I’ve noticed that some operators offer a specific type of cashback promotional offer as part of the initial sign-up bonus, whereas the majority of operators use the cashback bonus as part of an ongoing promotional offer as an effective way of retaining existing members like me.

With cashback rewards, I feel as though I am getting rewarded for my play or at least receiving something back so that not all of my initial deposits are a complete bust if I don’t win.

Most sites I’ve joined offering regular cashback perks tend to give me 10% cash back on my weekly net losses, but I’ve also found some that offer up to 20% daily, weekly, or monthly cashback bonuses. Each site is different.

If you want to learn more about cashback bonuses, how they work, which ones are worth claiming, how to get the most out of them, and where to find the best deals, you’ve come to the right place.

Here is everything I’ve learned about cashback bonuses that anyone who is considering playing on a real money gambling site should know.

What Are Cashback Bonuses?

Cashback bonuses that are commonly found on fully licensed and regulated sites where it’s possible to spend real money playing computer-generated and live dealer content from award-winning providers give players like me a percentage of my total net losses incurred over a certain amount of time or cashback on net losses when playing selected titles only.

In other words, the way I look at any cashback bonus I receive is that I get something back for my efforts.

The operator of the site where I can receive cashback is essentially rewarding me for my play and my lost deposits and doesn’t want me to walk away empty-handed, which I think is fantastic.

I wish more sites would offer cashback bonuses.

As mentioned, on most of the cashback sites I have joined, I will get 10% monthly cashback on my net losses up to a certain amount, meaning that if I ever qualify for cashback, I will typically receive anywhere from £10 to £20.

It may not seem like much, but it’s better than receiving nothing for my hard work. In fact, I tend to avoid sites that don’t offer any cashback whatsoever. For me, receiving cashback makes me trust the operator more.

How Do I Find Trustworthy Websites That Offer Cashback Bonuses In 2024?

For over five years, I have always trusted the official AskGamblers review site to guide me to the safest sites and provide me with expert reviews of the industry’s most trusted sites that currently offer some cashback promotional offers for new or existing members.

You can find more information about cashback bonuses at multiple iGaming sites by visiting this page – askgamblers.com/casino-bonuses/cashback.

If you are using a VPN, I suggest switching it off because the list of cashback sites you will be presented with will be more relevant to the actual region/country you are currently based in.

They have over a thousand reviews, and each site has been carefully handpicked and thoroughly vetted before being given a CasinoRank score.

I also recommend looking out for the ‘Certificate of Trust’ seal of approval. If a site they have reviewed also has this validation, you know it can be trusted and is worth joining.

Important Things To Look For When Deciding Which Cashback Site Might Be Worth Joining

Before registering your free account on the first cashback site you read the review for, I suggest reading several of their reviews to get a better insight into a few different brands so you can compare the information to determine which brand might be a more suitable option for you.

Always ensure the brand you are about to join has the following key tell-tale signs that show you that it can be trusted and will be worth your time:

  • Licensing and regulation – only play on sites that are licensed and regulated by internationally accredited authorities.
  • Software – only play on sites with software from market-leading providers
  • Security – only play on sites protected by 128-bit or higher SSL encryption
  • Ownership – only play on sites controlled by trusted operators
  • Payout speed/banking options – only play on sites known for processing above-average deposit/withdrawal times and on sites that accept only the most trusted online payment methods.
  • Reviews/scores/existing member feedback – only play on sites with positive reviews, excellent scores, and great feedback from existing members.
  • Responsible gambling – only play on sites that offer a range of safer gambling tools and promote fair play (especially if you’re UK-based, where they are mandatory)
  • Transparent funding/good data protection – only play on sites with transparent financial funding, comply with international AML (anti-money laundering) policies, and are known to protect registered members’ sensitive data in the best possible way.
  • 24-hour support – only play on sites that demonstrate excellent customer service and provide roll-fee, round-the-clock support
  • Bonuses and promotions – only play on sites that offer a range of bonuses and promotions with low or medium wagering requirements attached.

Final Thoughts

Before deciding which cashback site might be worth joining, try to find out all of this important information first, and don’t just sign up because of the amazing cashback deal it might be currently offering.

If everything checks out, and the cashback bonus looks awesome, you know you have found yourself a good site.

I tend to click on the links that are always available inside the reviews whenever I want to join a site because those external links will automatically redirect me to exactly where I need to be so I can register my new account on the official sign-up page in under a minute.