Casino Cashback Bonuses | Best Cashback Offers for UK Players - 2024

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Published Date · April 29, 2022 · Last Updated · March 25, 2024
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Casino cashback offers are a great way for players to lower their risk when playing online. With the potential to receive a proportion of any casino losses back as a bonus, it offers a player more freedom when playing their favourite casino games.

Best Cashback Bonus Sites

  • Videoslots

    100% Up To £200 & 11 Wager Free Spins

  • MagicRed Casino

    Deposit £10, Get 20 Free Spins - No Wagering

  • 32Red

    150% Up To £150 & 25 Free Spins

  • Grosvenor Casinos

    Deposit £20, Play With £50

  • All British Casino

    100% Up To £100 & 10% Cashback

  • Virgin Games

    Stake £10, Get 30 Free Spins - No Wagering

What is a Cashback Bonus?

There are two classic versions of a casino cashback bonus - one that offers a player a specific % back on net losses and another that offers a % back on the bets they place. The former is the more common of the two bonus types, offering players a safety net should they incur losses while playing on-site.

These refunds - which can range from anywhere between just a few % all the way up to 20% - can be credited to a player’s account either as cash or in bonus credits.

While a traditional casino welcome bonus offers you a certain amount of free spins or bonus funds to get you started on-site, a cashback bonus is more of a protective type of bonus.

Find out more about how cashback bonuses work in our helpful guide.

What are the Different Types of Cashback Bonus Available?

While cashback bonuses can be split between those awarded on net losses or the amount of bets placed, they can also be offered at different times in a player’s cycle.

Put simply, they can either be offered to brand new players to attract them to sign-up, or they can be used as a way to retain an existing and loyal player.

  • Cashback welcome bonuses - a cashback welcome bonus allows a player to explore a new online casino, while lowering the risk attached to their gameplay. Normally restricted to a specific amount of time, this bonus offers a bit of peace of mind, knowing that should you incur some losses while trying out a new casino, at least a proportion of any losses will be returned as either cash or bonus funds.
  • Loyalty cashback bonuses - a loyalty cashback bonus is a common way for a casino to encourage players to stay and play on one casino site for longer. This could either be done as a fixed milestone that is tied to a specific deposit or a progressive cashback paid out over a certain period of time. These sorts of loyalty bonuses can grow to as much as 20% for those regular players included in any sort of VIP programme.

Conditions of a Casino Cashback Bonus

The terms and conditions attached to a cashback bonus can be a little more complicated than a standard casino welcome bonus, so I would always recommend having a thorough look before you get started at a ‘cashback casino’.

As we have pointed out above, some casinos will apply cashback to bets placed, while others will apply it to net losses. It is critical you check this before you start playing because, in reality, these are two completely different offers.

Another essential point to consider is that it is likely that any potential cashback offer will come with a maximum limit attached to it. There is no point playing on and on through thousands of pounds if your 10% cashback bonus is capped at just £50!

In some cases, you will be required to enter a specific promotional code to be eligible for a cashback offer. This is crucially important to check as failure to do this will result in you not being awarded the bonus.

How Does a Cashback Bonus Work?

The most common cashback bonus is one that is applied to net losses a player might incur while playing at a casino over a specific period of time. Let’s take a closer look at how this sort of bonus is applied in reality.

  • First you must determine the cashback percentage that an online casino is offering - if the percentage is 10%, you can expect to receive £10 back on every £100 you lose.
  • At this stage, it is also crucial to check any cap that might be applied to this amount - these offers tend to read something like ‘10% cashback on all losses up to £50’.
  • In order to calculate your net losses, you must subtract your total wins from the total amount you have bet.
  • For example, if you have won £100 against total bets of £200, your net losses will be £100.
  • If a casino offers 10% cashback on your net losses, you should expect to receive £10 back, either as cash or in bonus funds

Why Do Casinos Offer Cashback Bonuses?

Casinos are constantly looking for innovative and attractive ways to attract new players in an ever increasingly competitive marketplace. Let’s take a closer look at the reasons as to why a casino might offer a cashback bonus.

  • A cheaper bonus option - cashback bonuses, especially those on net losses, are a very low risk bonus option for a casino. If the funds are only derived from player losses, the casino is effectively just giving back a little bit of its profit, rather than giving away the free money they would with a standard welcome bonus.
  • Encourage loyalty - cashback bonuses are a great way to encourage players to come back to a casino and make multiple deposits on-site.

How to Choose The Best Cashback Bonus Offers

When choosing the best casino cashback offer to claim, there are a number of important things to consider to find the one that suits you best.

  • Highest cashback percentages - it should go without saying that finding a cashback offer with the highest % is very important. With these amounts ranging from 3-4% all the way up to 20%, it is really important to focus on this critical figure.
  • Find time limits to suit you - the time limits on a cashback offer can vary significantly, with some restricted to your first 24 hours on-site, and others stretching out to your first week. It’s very important to find the right time limit to suit your gameplay.
  • Make sure your favourites games are eligible - as with any casino bonus, a cashback bonus should be about enjoyment, so it is crucial to be sure that the cashback offer is applied to the games you prefer to play.

How to Claim a Cashback Casino Bonus

Claiming a cashback casino bonus is obviously a little different, as the ball is very much in the casino’s court here. We will take a look at how both new and existing players can claim this type of casino bonus.

New Player (All British Casino)

  • All British Casino

    100% Up To £100 & 10% Cashback

  • Step 1 - Sign up to All British Casino and make your first deposit of up to £100 to receive a 100% bonus up to £100
  • Step 2 - Play through the 35x wagering requirements within your first 30 days on-site
  • Step 3 - The cashback bonus will not apply to any funds deposited as part of the original welcome bonus
  • Step 4 - The 10% cashback offer is available to all players at All British Casino
  • Step 5 - The cashback is calculated from the first completed deposit (without bonus) you make on-site
  • Step 6 - The cashback is added to your account as real cash, without any restrictions attached

Existing Player (Grosvenor Casinos)

  • Grosvenor Casinos

    Deposit £20, Play With £50

  • Step 1 - The Grosvenor Casinos’ Blackcard loyalty scheme includes a 10% cashback offer
  • Step 2 - In order to qualify for this cashback, you must stake at least £50 between Thursday 01:00 and Wednesday 00:59.
  • Step 3 - All games on-site are eligible for this cashback offer
  • Step 4 - You will receive your 10% cashback on net losses on Thursdays
  • Step 5 - These funds are added as real cash, without any restrictions

Tips To Use Cashback Casino Offers

Cashback offers can be a little more intricate than they may appear, with the devil being in the detail here. Let’s consider some of these details to advise how best you can take advantage of this sort of bonus.

  • High cashback % - with this figure ranging significantly from one casino to another, it is important to find the most generous cashback % possible.
  • High cashback limit - you need to keep a close eye on any limits that might be attached to this sort of offer. There’s no point expecting 10% cashback on £500 losses if the cashback limit is just £10. Always check the terms and conditions to avoid disappointment here.
  • Game restrictions - these sorts of offers can often be restricted to specific games, so it’s important to make sure it applies to your preferred game type.
  • Real cash? - we would always recommend prioritising cashback bonuses that payout real cash, rather than bonus cash that might come with wagering requirements attached.

Advantages and Disadvantages of Cashback Bonuses

Cashback bonuses won’t be for every casino player. Let’s take a closer look at the pros and cons for this bonus type to see if it is a casino that might suit your playing style.

Pros

Cashback bonuses reduce your risk when playing at an online casino

The cashback percentage can often be relatively low

These bonuses are automatically added to your account by the casino

Cons

With most cashback bonuses, you will only be eligible if you lose

Can sometimes be paid out as bonus funds, rather than real cash

Cashback Bonuses FAQs

What is a casino cashback bonus?

A cashback bonus is a promotion that offers players a certain % back on any net losses that may incur on-site. This can be awarded as either bonus funds or real cash.

How do you claim a cashback bonus?

Cashback bonuses can either be claimed by new players or existing players. For new players, you might need to enter a specific bonus code before you start playing in order to be eligible to receive a bonus. Existing players will likely need to be enrolled in a casino’s loyalty scheme in order to be eligible.

Can I only get cashback if I lose money?

No - sometimes cashback bonuses are applied to the total amount you bet, rather than any net losses.

What is the average cashback percentage?

Cashback percentages will vary from one casino to the next - the amount can vary from 5% all the way up to 20%.

How much do I have to bet to get a cashback bonus?

If there is a specific minimum amount you need to play to be eligible for a cashback bonus, it will be outlined in the bonus terms and conditions.

How do cashback casinos work in the UK?

This is a refund added to a player’s account - either as a percentage of their not losses or their spend on-site. These bonuses will automatically be added to their account by the casino.

Are casino cashback bonuses legit?

Of course - casino cashback bonuses are entirely legitimate as long as they are offered by fully licensed casinos. All casinos we endorse at CasinoRange are completely safe and fully licensed.

How safe is it to use cashback bonuses?

Cashback bonuses are completely safe to use as long as you are playing on a fully licensed online casino.

Are cashback bonuses suitable for high rollers?

Cashback bonuses can be suitable for any sort of casino player, whether you prefer to play with lower stakes or consider yourself to be a high roller. The cashback on offer is relative to your stakes, so it really is a bonus type that can suit any player.

Are there wagering requirements attached to a cashback bonus?

Sometimes. Some cashback bonuses are paid out in real cash, whereas others are paid out as bonus funds with wagering requirements attached. It is always important to check this out before you claim a casino bonus.