One of the best things about online casinos is the bonuses they give out. Pretty much all Canadian casino sites have a welcome offer for new players along with a mix of ongoing and limited-time promotions aimed at current members. A particular type of reward that’s becoming popular throughout Canada is the cashback bonus.
Many of the best casino sites in the country are giving out this type of bonus. Let’s have a look at what cashback is and why so many Canadian online casino players rate it so highly.
What Is Cashback?
The way a cashback offer works is straightforward. You play a casino’s games for real money during a specific amount of time. Then, the casino determines how much money you’ve lost and pays you a percentage of your losses as cashback. At some casino sites, cashback is actual cash that you can withdraw whenever you like. At others, it’s bonus money that you can spend on casino games but can’t withdraw.
The amount of time you have to earn cashback and the percentage amount both vary. The best online casinos in Canada give you a reasonable amount of time to earn cashback. As for the percentage that’s used to determine your cashback, this is usually around 10%, though it can be higher at some of the more generous casino sites.
It’s also worth mentioning limits. Most cashback offers have an upper limit on how much you can receive. It could be CAD 100 for a week’s worth of losses, for example. Again, this varies from one casino to the next.
What Makes Cashback Offers Popular
Cashback offers are growing in popularity for one key reason: cashback reduces your losses. Let’s say you spend CAD 50 at an online casino and there’s a 10% cashback deal you qualify for. You don’t win anything from the games you play, so this should mean you’re down by CAD 50. However, the 10% cashback gives you CAD 5, so you’re down by CAD 45, which is obviously slightly less.
Cashback won’t recoup all your losses and it’s not something you should rely on when gambling online for real money. However, it’s useful because it means you lose less money. If cashback is given as real money, this is great because you’ll have invested less of your cash in the casino. If it’s given as bonus money, the downside is that you can only spend it on casino games, but it’s better than nothing.
Are Cashback Offers at Canadian Online Casinos Worth Claiming?
Generally speaking, cashback deals are worth claiming and they can certainly be helpful. They don’t give you anything extra to use right away like what free spins and reload bonuses do, so you have to spend money on casino games before you earn the reward. Having said that, receiving a percentage of your losses as cash or even bonus money is still a help.
Before claiming any kind of cashback offer at a Canadian casino site, make sure you read the full terms and conditions. These are the rules that explain what the offer involves and how everything works. When it comes to online casino bonuses, it’s always best to know what’s going on.