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Casino promotions remain a big part of playing online, and cashback casino bonuses are among the popular types players claim. Cashback bonuses allow players to explore their gambling journey at online casinos with more courage because they will get a do-over when they lose, making the bonus a worthy option for gambling activities. Keep reading to learn more about casino cashback bonus offers and expert tips on getting started.
We've handpicked some top online casinos with the best cashback bonuses in 2023. Check out our recently updated list so you don't have issues picking the best online casino for your next gambling adventure. At the same time, you'll enjoy cashback bonuses and other offers like free spins, welcome bonuses, and many more.
Why Trust Mr. Gamble?
It's not news that many casinos offer cashback bonuses. However, it can be tedious to find a suitable option. Therefore, you need an expert in the industry to guide you. That's where Mr. Gamble comes in. We take the time to explore the internet for the best bonuses and casinos that offer them, ranging from welcome bonus packages to cashback offers. With us, you can enjoy your next gambling adventure with bonus money and other rewards.
What's a Cashback Casino Bonus?
A cashback casino bonus lets you claim a percentage of your lost money over a specified period. This can range between a day, a week, or a month, depending on the casino and its terms. Cashback bonuses are the perfect way for casinos to help players improve their chances since losing is inevitable when you play at online casinos.
When it comes to cashback bonuses, you must note the following factors:
Cashback percentage
Validity period
Wagering requirements
Casino game restrictions
These factors will help you understand the bonus better. Also, you can use them to find and join the best cashback casino. You should also note that the best cashback casino bonuses have better percentages, longer validity periods, fair wagering requirements, and little to no game restrictions.
How Do Cashback Bonuses Work?
A typical cashback offer only works for existing players because you must have wagered and lost on casino games before you are eligible for this offer. It is not a deposit bonus offer where you'll receive the bonus once you make a qualifying minimum deposit.
In this case, you must play eligible games and lose before receiving the money. However, you must understand that most cashback casino bonuses won't work with bonus money. So, you must deposit real money before you're eligible.
Pros and Cons of Cashback Bonuses
Although cashback bonuses help make gambling better, there are pros and cons to this type of bonus. Even if you claim the best casino cashback bonuses, you will still encounter some drawbacks. So, before proceeding, you might want to check out the pros and cons of cashback bonuses so you'll know what to expect when you get started.
✔️ Pros
❌ Cons
Reduced losses — You can recover a portion of your losses when you sign up for a cashback bonus. Most of the casinos with cashback bonuses offer anywhere between 0.5% to 30% back on your net losses. The percentage depends on the promotion.
Restricted games — as a general rule, you only get cashback when you play certain games.
Extended playtime — cashback offers means more money to play with.
Not widely available — this is not a rare offer, but you surely won’t find it at all casinos.
No wagering requirements - this type of bonus usually comes with low or no wagering requirements at all.
Simple requirements – Some casino bonuses have pretty specific requirements. That’s not the case with a cashback bonus.
How to Choose a Cashback Bonus in NZ Casinos
Choosing a cashback bonus is straightforward once you understand the steps. You can get a good cashback deal if you follow our instructions. Before proceeding, we recommend checking the following criteria before choosing a cashback bonus:
📜
One of the criteria you must consider when choosing a cashback bonus is the bonus terms and conditions. Ensure you take your time to evaluate and compare terms to know which one has the most flexible requirements, especially regarding wagering requirements.
💯
You should also pay attention to the percentage you’ll receive in cash. Undoubtedly, higher percentages result in better value. The cashback max limit is another criterion to focus on to know which one has the highest potential.
💰
The type of cashback is another important criterion. You should check if it is a real money cashback bonus or if the cashback will be added to your bonus balance. The former is more flexible, allowing you to withdraw with little resistance.
⏳ Validity Period and Claiming Process
The claiming process is vital because it can be complicated or easy. The easier it is, the better. You should also check out the validity period, so you know how much time you have before it expires and must complete the wagering requirement.
Different Types of Cashback Bonuses
There are different types of cashback bonuses. Although most cashback bonuses follow similar principles, they have varying features. To learn more about these various types, check them out below. With that, you can learn more about cashback offers before claiming one at a licensed casino.
🗓️ Monthly Cashback Bonus
This cashback bonus is one of the top cashback bonuses you can claim at online casinos. With this bonus, you'll receive a fixed or progressive percentage of your nett losses from the previous month. For instance, if you lost up to NZ$2000 in the previous month and the cashback bonus is 25%, you'll receive NZ$500 as cashback, which you can use to play various slot games, live casino games, and others.
⌛ Short-Term Promotion Cashback
This cashback type of bonus can be a daily or weekly cashback bonus. It is similar to the monthly cashback because the casino will give you a percentage of your nett losses from the previous day or week. With the short-term promotion cashback, there is a shorter window. So, you must fulfil the requirements within the period.
🔄 On All Losses
Some licenced online casino sites offer cashback to players on all their losses. These casinos ensure that losing is not the end, and you don't have to wait for a particular window to get what you want. In that case, the cashback bonuses come once you start playing at the casino. These bonuses will allow you to receive maximum cashback.
🎲 Cashback on Specific Games
At some casinos, you will enjoy cashback on specific games. When you play special games at these casinos, you will be eligible for a certain percentage when you lose over a specified period. One casino might extend the cashback to all slot machines, while others might focus on table games. So, you might want to check the casino's bonus terms and conditions for more information.
🤑 Cashback on Deposits
You might also be eligible to claim cashback on your first deposit after you create an account. In this case, the cashback bonus is on your losses after you exhaust the first deposit. But you must understand that these casinos usually have a maximum cashback limit. So, even if the percentage is high, it won't exceed the set limit.
🎮 Provider Cashback
Some providers have special deals with casinos. So, when you play their games and lose, you can claim a cashback offer. These cashback bonuses offer the chance to improve your skills on a particular game, and they are incentives to promote new releases or the provider's portfolio. So, you can take advantage of them.
🎟️ Converted Rebates
Various casinos offer different loyalty rewards. So, depending on the casino you join, you might be eligible for a converted rebate among other casino bonus offers. If your cashback is converted, you will get a different type of payment. You may get free games, lottery tickets, or cryptocurrency instead of hard cash.
🎰 Progressive Cashback Bonuses
You can enjoy progressive cashback bonuses based on your activity at an online casino. In this case, you won't receive a fixed percentage. So, it changes based on your gambling activities. It is usually part of the casino's loyalty program. The higher your level and status, the higher the percentage you'll enjoy as cashback.
♠️ Live Casino Cashback Offers
Some casinos offer exclusive live casino cashback bonuses. In this case, players who enjoy the realistic experience of the live casino will have access to these exclusive offers. When you play the games and lose, you'll receive a certain percentage that will enable you to try again. With that, you can enjoy the excitement of live dealer games more.
How to Choose a Cashback Bonus Casino
Not all cashback bonuses are the same and some of them might not even be right for you. That’s why we have gone ahead and made things easier for you by listing the best casinos with cashback bonus offers for you. All you need to do now is choose one that suits you best. Here’s what you need to do:
1
Select a casino
Simply select one of the casinos from our list.
2
Redeem the bonus
Click on the bonus to redeem it.
3
Read the T&Cs
Carefully read and accept the terms and conditions.
4
Check eligible games
Cashback bonuses are usually only available on certain games.
5
Enjoy the bonus
Now you can start accumulating the refund to get your cashback.
Find New Online Cashback Casinos in NZ
Check out new online cashback casino sites in New Zealand. We've handpicked some of the best casinos for your next adventure. Check out the casino reviews and pick the one that fits your gambling preference to get started.
Cashback terms and conditions vary from casino to casino, just like deposit bonuses and other offers. However, there are a few common terms and conditions you will find at most casinos.
Eligibility Criteria: Most cashback bonus offers have eligibility criteria you must focus on before claiming the offer.
Cashback Percentage: There is a percentage you'll receive when claiming a cashback bonus offer.
Payout Frequency: Most cashback offers have different payout frequencies; they can be monthly, daily, or weekly.
Expiration Date: There is also an expiration date you must pay attention to whenever you claim a cashback offer.
Wagering Requirements: Like most bonuses, most cashback offers have wagering requirements you must fulfil.
To maximise the value of a cashback bonus, it's crucial to understand and adhere to the specific terms and conditions laid out by each casino, from eligibility criteria to wagering requirements, ensuring you can fully benefit from these offers.
No Wagering Requirements
Some cashback bonus casino sites offer no wagering bonuses. In this case, players can claim cashback offers without worrying about wagering requirements.
Pro Tips for Finding the Best Cashback Bonuses
Claiming the best cashback bonus will improve your gambling experience. That is why we’ve pieced together some pro tips to help you find the best cashback bonus offer in the table below.
Tip
Description
Evaluate the max cashback limit.
Always pay attention to the limits because every bonus offer has a maximum cap, which is the same situation in the case of cashback bonuses.
Understand the cashback payout frequency.
You should also know the frequency at which the cashback bonus pays out. Is it on a short-term or long-term basis?
Review the game restrictions.
Understand the casino’s game restrictions to know if there are games you must avoid once you claim the cashback bonus.
Pay attention to the minimum payout.
You should also know the minimum payout threshold to aim for so you can withdraw your winnings with this bonus offer.
FAQs
How much do I have to bet for a cashback bonus?
The amount you must bet for a cashback bonus depends on the casino you join. So, it helps to read through the terms and conditions before proceeding.
Are cashback bonuses legal?
Yes, this bonus is legal and safe for players in New Zealand to enjoy.
Do all casinos offer a cashback bonus?
Unfortunately, not all casinos offer cashback to players. So, always check the bonus page before proceeding.
Is the online casino cashback bonus free?
This offer is not free. You must wager real money on games before you can claim the bonus.
How do I redeem casino cashback bonuses?
You can redeem this offer by depositing and playing eligible titles. But note that some casinos require you to provide a bonus code.
Hyun Lee leads all content efforts at Mr. Gamble. Player safety is his number one priority — he demands transparency and fair conditions from operators while establishing Mr. Gamble as a trusted source for all online casino information...
