Table of Contents
One of the most common bonuses that you’d find at online casinos in the UK is the cashback bonus. In fact, most casino sites offer a weekly cashback scheme that boosts the players’ morale and bankroll after a losing streak. In this guide, we will be looking at some of the best cashback offers at UK casinos, how cashback bonuses work, how to pick the cashback offer, and more.
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| Key Takeaways: ✨ Cashback bonuses give you a percentage of your losses back to cushion your losing streak ✨ Most online casinos in the UK offer cashback in some form or other, so you have a lot to choose from |
What is casino cashback?
Much like the name suggests, a casino cashback bonus is a promotion that gives you back a percentage of your losses over a certain period of time. Usually, online casinos offer a weekly cashback scheme. Sometimes, the cashback is also tied-in with the loyalty program.
This can be better explained with an example. Assume that the casino you have signed up at offers 10% cashback up to £50 every Friday. So, each Friday, you will get 10% cashback depending on the amount of losses that you have incurred during the week leading up to Friday.
How does casino cashback work?
Now that you have an idea of what a cashback bonus is let’s understand how this bonus typically works. In this section, we will look at how cashback is calculated and how the bonus is credited.
Here’s how cashback is calculated –
As mentioned earlier, cashback is calculated as a percentage of net losses over a pre-determined period of time. The formula for calculating cashback is usually this: Bets – Win – Rewards.
For instance, in a week, if you wager £100, win £20, and earn £10 in rewards, your net loss is £70 (because £100 – £30 = £70). So, when a 10% cashback is applied at the end of the week, you’d get £7 back as bonus funds.
Our team at Platin Casino UK has reviewed a lot of casinos. And based on our observations so far, casinos offer 5% to 20% cashback. As you might be aware, most real money casinos offer a weekly cashback system. Some sites also offer a cashback tracker that gives you the amount of cashback that you have accumulated.
And how is cashback bonus rewarded to you?
Well, usually, the cashback is calculated and credited to your casino account automatically (if you have opted in for the promotion). The amount credited to your bonus funds becomes available for use immediately. There might be some bonus conditions associated with the cashback, like wagering requirements and validity. So we’d strongly encourage you to read the bonus T&Cs before opting in.
Top casino cashback bonus offers in the UK
Before we get any further into the guide, let’s take a look at some of the best cashback offers that our team has handpicked –
| Casino | Bonus | Our Rating |
| PlayOJO | A-listers program | 9.0/10 |
| SpinYoo Casino | Bonus Back Mondays | 9.3/10 |
| All British Casino | 10% cashback | 8.5/10 |
| 888 Casino | 5% cashback | 9.0/10 |
| Neptune Play | 10% cashback on live casino games | 9.3/10 |
If none of these offers seem appealing to you, you can check out some of our casino recommendations.
Types of cashback casino bonus
Just like casino welcome bonuses, cashback bonuses come in all shapes and sizes. In this section, we will be looking at some of the common types of cashback bonuses found at online casinos.
- Loyalty cashback bonus
As mentioned, several casinos offer cashback as a part of their loyalty or VIP program. Very often, this type of cashback is progressive, which allows casinos to offer a higher percentage of cashback to their loyal players and high rollers. For instance, a casino might offer 5% weekly cashback to level 1 players and 15% weekly cashback to level 8 players.
- Regular cashback bonus
Now, this cashback bonus is very similar to the loyalty cashback bonus. The difference is that this one does not have a progressive structure, and it is not bundled with the loyalty program. To give you an example, a casino might offer 12% cashback every Monday, regardless of your VIP level.
- Slots cashback bonus
Just like the name suggests, we’re talking about a cashback bonus that works specifically on online slots. Every week, you get a cashback bonus in the form of bonus money or free spins, which can be used on selected slots.
- Live casino cashback
Some casinos offer cashback on the losses that you incur on live dealer games. For instance, every week, your chosen casino might offer 10% cashback on your losing streak on live dealer games such as blackjack, roulette, and baccarat.
- Cashbacks on deposits
This is a rather different type of cashback that strays away from cashback on net losses. As the name suggests, this cashback is offered on a deposit that you make. For example, a casino might offer 10% cashback on a minimum deposit of £20.
What to look for in a casino cashback bonus?
Now that you know how a cashback bonus works and the different types of this promotion, let’s understand how to determine if the cashback bonus is worth your attention.
Here’s a quick checklist of how to pick the best cashback bonus –
- Cashback percentage: As mentioned, most casinos offer cashback ranging from 5% to 15%. And, of course, the more is better.
- Cashback calculation: Understand how the cashback is calculated. Not all cashbacks are offered on net losses, so read the T&Cs to see how the bonus works
- Reward format: As there are different types of cashback bonuses, read the T&Cs to understand how you will be rewarded. For instance, in the case of a tiered cashback system, the higher your level is, the more cashback you will get.
- Maximum payout: Cashback bonuses have a cap on the max payout. For instance, a bonus might be capped at 15% cashback up to £150, so the maximum you can get from this bonus is £150.
- Frequency of the cashback bonus: Most online casinos offer cashback on a weekly basis. However, some casinos may offer a one-time bonus – so check this out too.
- Game restrictions: Many casinos offer cashback bonuses only on certain games. Or they might restrict bonus use on specific games.
- Bonus validity: Cashback bonuses, just like other casino bonuses, may come with an expiry date. Make sure that you have enough time to use those funds.
- Wagering requirements: While most cashback bonuses do not come with any wagering requirements,
In addition to this, we’d also strongly advise our readers to run a check on the casino and make sure it is licensed. You can use our 12-step checklist to evaluate online casinos before you sign up.
How to claim a cashback bonus at online casino?
Once you have found a suitable cashback bonus, you might want to know how to claim it and benefit from it. In this section, we will look at how you can claim a cashback bonus.
Unlike other casino bonuses, you won’t be able to benefit from a cashback bonus right away. Here’s how it would go –
- First of all, you will need to be signed up at the casino. By this, we mean you are required to create an account and verify yourself.
- Then, you will have to fund your account with real money and get started on your wagers
- Further, as cashback is something that accumulates over a set period, you will have to wager on your favourite games before you become eligible for cashback
Here are some different ways to claim a cashback bonus –
- Auto-apply: As soon as you make a deposit at a casino and start betting on your favourite games, the cashback bonus is activated automatically.
- Manual opt-in: Some online casinos need you to head over to the promotions page and activate the bonus manually.
- Bonus code: Here, you will have to activate the cashback bonus by entering a promo code.
If you can’t figure out how to activate a cashback bonus, you should get in touch with the casino’s customer support team.
Pros and cons of casino cashback offers
Now, just because you can, doesn’t mean you should claim all the bonuses that you see. Some bonuses may be worth your while and some may be not – and the same goes for cashback bonuses.
To give you a complete picture, here are some pros and cons of a casino cashback bonus –
Pros
- It softens the blow of a losing streak by giving you a percentage of the losses back
- Cashbacks boost your bankroll and give you extra funds to play with
- Cashback bonuses usually have a simple, straightforward structure and T&Cs
- Typically, cashback bonuses do not have any wagering requirements associated with them
Cons
- As mentioned, the cashback offered is usually between 5% and 15% – and if you’re not a VIP player, the percentage is usually on the lower side
- The cashback bonus received may be usable only on specific games
Expert tips from our team
Our team at Platin Casino UK has years and years of experience in the gambling industry. We know the ins and outs, and we don’t like gatekeeping. So here are some of the tips that might help you make the most out of your casino cashback –
- As most casinos offer cashback bonuses, you should compare the offers and go for the best one that you find.
- Read the T&Cs and understand how the cashback system works to avoid any surprises later
- If you find a wager-free cashback bonus, go for it!
Conclusion
To sum up, a cashback casino bonus can be lucrative if you’re a regular player or a high roller at a casino. You get a certain amount from your net losses back, which should soften the blow and up your spirits a little. Most online casinos in the UK offer cashback bonuses in some form, so you will have a lot of options to choose from. To get started, you can check out some of the online casinos and their cashback bonuses handpicked by our experts above.
FAQs
The welcome bonus is offered when you sign up at a casino and make a deposit. Cashback bonus is offered when you play at the casino and incur some losses.
Usually, online casinos offer cashback bonuses to boost morale after a losing streak and reward loyal players.
Yes, in the case of a weekly cashback bonus, the cashback is calculated and credited to your casino account automatically.
Usually, casino cashback bonuses do not have wagering requirements. However, the bonus T&Cs differ from one casino to another, so you should read the tiny print before claiming a bonus.
If you want recommendations for top casinos in the UK that offer cashback bonuses, you can check out our casino reviews.
