Online casino games in Canada can be fun, noble, and profitable. They let you go head to head with dealers and other players, have a rich history and culture associated with them, and offer huge rewards if you get lucky. However, they can also be frustrating. While you always know what you’re up against — the omnipresent, overshadowing house edge — a string of bad luck can sometimes drive you over the edge. Even pro players can handle a bad session, but a bad day can ruin anyone’s mood. To alleviate this very frustration, Canadian online casinos started offering cashback.
A cashback is an amount you’ll be given back after having faced successive losses at the casino. Similar to how a welcome bonus is offered upon signing up and deposit bonus is offered upon making a deposit, a cashback is offered upon accumulating cumulative losses. It’s a way for online casinos to assure players that they won’t lose all their money even if they’re too down on luck.
Similar to deposit bonuses, cashback is usually offered in terms of percentages. It’s a small percentage of the total amount lost over a specific period. More often than not, cashback is not withdrawable, that is, the player has to spend it in the casino itself. But even if the player loses while playing with the cashback money, no real losses are realized. In best-case scenarios, players can end up winning and cut their losses.
There are two ways cashback bonuses are mainly offered: cash and bonus money. If you get your cashback in the form of cash, you can either have another hand at your luck or simply withdraw the money. On the other hand, a cashback received in the form of bonus money can only be spent on more games at the casino.
As mentioned earlier, cashback is usually given in the form of small percentages. However, even these small percentages have a limit. For example, an online casino can offer a cashback as “20% up to $50”. This indicates that you will get 20% of your losses back but only up to a maximum limit of $50.
Another rule governing cashback is one that says the player has to meet a specific amount of “lost money” to become eligible to receive a cashback. Some Canadian casinos may even limit the number of games you can play with your cashback money. Thus, it’s important to read all the terms and conditions before choosing an online casino because of its cashback feature.