Cashback Bonuses at AU Online Casinos

Real Cashback Bonuses at Australian Online Casinos

Many are simply a marketing campaign to get you to sign up. Coupled with this apparently lucrative offer, they come with complicated conditions that mean you’re unlikely to every earn your reward. This means that good cashback rewards are hard to find, but not impossible and that’s where our guide comes into play.

We’ve tested a huge number of cashback offers from new Australian best online casinos to find the ones that offer true value. Read on to find out more about these cashback offers, discover how they work and claim an offer that will give you something back. 

Best Cashback Bonuses at Australian Online Casinos 

• Richard Casino: offers 3% weekly cashback up to A$7500, 5x wagering requirements
• Stay Casino: offers 7% weekly cashback up to A$5000, 5x wagering requirements
• Vegas Now: offers 10% weekly cashback up to A$500, 0x wagering requirements
• Neospin: offers up to 20% daily cashback, 3x wagering requirements
• King Billy: offers 3-13% weekly cashback depending on loyalty level, 0-3x wagering requirements
• RollXo: offers up to 15% weekly cashback, 5x wagering requirements

How Cashback Bonuses Work

Properly understanding how cashback bonuses work is essential if you’re going to claim and use them effectively when playing online. 

Online casinos typically set a cashback percentage, for example, 5%, and then match this to a maximum amount of something like A$500. This is all provided within a given timeframe as well. For most casinos, the cashback is calculated based on the amount you lose when you play at the casino, and this is something players often get confused about. 

Unless the terms and conditions say anything different, and they’re very unlikely to do so, the cashback is calculated based on your net losses within the given timeframe. If the cashback is 5% of A$500 and is calculated on a weekly basis, then you get 5% back on all money you lost during the previous week. This is not getting cashback on the money you bet or played. 

Additionally, casinos don’t just look at the total number of bets or total losses by themselves, but will likely also calculate the net losses of a period of time. This can be daily, weekly or monthly depending. Most casinos use the same cashback formula:

Net loss = Total Real Money Bets – Total Winnings – Bonuses Credited – Withdrawals

Most casinos will count your withdrawals when calculating cashback, which is normal. They consider your net loss, which means that deposits, withdrawals and closing balance. So, you deposited A$500 and won A$100, withdrew that winning A$100 and then lost the rest of the money, your cashback would be calculated on A$400, not the full A$500. 

Cashback Example

To make this clear, let’s do a quick example. Again, for the sake of simplicity, you deposited A$500. During the week, you managed to win a total of $1000, but lost a total of A$950 when you were playing. This means that you end up with A$50 at the end of the week, as you’ve lost most of the winnings made. 

As such, you’re down A$450 from the amount of money that you deposited. This means that, with 5%, you should get A$27.5 in cashback. Typically, the cashback you get is in the form of bonus funds, so you won’t be able to withdraw this directly from your account. Instead, you will need to play it again.

Depending on the casino, you will need to play through this bonus cash at least once for the funds and any further winnings to be withdrawable. As with all bonuses, make sure you’re checking the terms and conditions, but particularly which games you are playing with the bonus cash, as not all games will be eligible for meeting the cashback bonus requirements. 

Types of Cashback Bonuses

Other casino bonuses have a wide variety within each overarching category. But when it comes to cashback bonuses, there aren’t so many. As this type of offer is based on the net loss, there’s not much to differentiate between the different types. However, there is still one minor variation to consider, and knowing what it is can impact your bonus experience. And this the cashback calculation period.

• Daily cashback: this means that any net losses are credited the next day after your loss. It sounds good, but the maximum bonus amount is typically a lot smaller than weekly or monthly cashback offers. 
• Weekly cashback: this is typically considered the best option when it comes to cashback bonuses. It has a classic, predictable setup, and you don’t need to log in every single day in order to claim the bonus. Usually, the maximum bonus amount and cashback percentage are better than the daily ones as well. 
• Monthly cashback: this is calculated on the first day of the next month after you’ve been playing. It’s typically the cashback offer with the highest maximum bonus amount, often in the thousands of dollars. It’s also good because, like the weekly offer, you do not have to log in each day to claim the bonus. However, a month is a long time to wait for the bonus, and when it does come through, you’ve typically only got a few days in which to use the cashback bonus credits before it becomes forfeit. 
• VIP or Level-based cashback: increasingly, a lot of casinos offer bigger cashback rewards to players who are in a loyalty or VIP club. Casinos like King Billy do this with deals starting at 3-10% and then increasing to as much as 35% cashback with very low wagering requirements. However, this does mean reaching a high level in the VIP programme, which is hard and takes time and money to get there. 
• Live casino cashback: this is an excellent option if you like live games. Most of the cashback offers focus on other games and are not eligible for live casino games, but these deals do the opposite. They only work if you suffer losses when playing live dealer games, which means that for some, this can be the only promotion you’re actually going to get. 

Top Tips for Using a Cashback Bonus

Using your cashback bonus correctly is important if you want to make the most of it. This means that you do need to understand all possible terms and conditions that can be attached to this kind of offer. We’ve got a few tips for you when using a cashback bonus at an Aussie casino. 

Is the reward withdrawable?

Check whether the reward is withdrawable cash or only given in bonus funds. Different casinos do vary, so make sure you check this carefully. While some casinos have wagering requirements at just 1x, others offer withdrawable cash with no strings attached, making this the best option. If their terms and conditions are not clear on this, get in touch with customer service to check first.

Activating cashback

You should also take a look at exactly what it is that activates the cashback offer. Some casinos only offer cashback when your balance reaches zero, or if you did not claim another bonus during the required time period. Make sure to check whether the cashback offer is applied automatically to your account, whether you need to opt in, or if you need to talk to support. 

Avoid Overlapping Bonuses

Aussie casinos often have multiple bonuses and promotions on at the same time. But sometimes, these can cancel each other out. For example, if you claim free spins or a no deposit bonus in the same week as using your cashback offer, you may become ineligible for the cashback. Often, you will see casino conditions stating that cashback is not valid with other bonuses. Which means if you do take on another offer, you won’t get to use the cashback. Choose which bonus you prefer and stick to it.

How to Use a Cashback Bonus

Despite some of the perceived complexities, using a cashback bonus is actually quite simple. Again, checking the terms and conditions is the first port of call, and these will usually be found on the promotion page of the casino next to the bonus. Once you’ve opted in, then the steps are simple:

1. Top up your account and begin playing. Cashback bonuses are linked to the net loss, you need to start playing with real money to begin the process.
2. Meet the minimum deposit requirement to claim the cashback offer. This can be anywhere from A$20 to over A$100. Obviously, you don’t want to be losing on purpose to get the the cashback, but if you’ve lost money, then you’re not losing anything additional by taking the cashback offer. 
3. Wait for the payout period once you’ve used up your bankroll. Depending on the cashback offer you’ve taken, this can be daily, weekly or monthly. 
4. Claim your funds or follow up on it. Some casinos offer the cashback funds automatically, while others need you to actually request it. Don’t forget to forget to check with support if you’re unsure. 
5. Look at the wagering requirements to make sure that you’ve met all the conditions. If it’s 0x then you can withdraw it, but anything above 1x means you need to play with the cash reward before a withdrawal can take place. 
6. Use it before you lose it. All cashback funds have an expiration date so make sure you’re using it before that time. 

Cashback vs Other Casino Bonuses

For anyone of you who’ve been playing at Australian online casinos for a while, you will have seen the range of different casino bonuses out there. However, cashback stands out from the rest because it offers something a little bit different when compared to free spins, match deposits bonuses or reload deals. 

Most casino bonuses are linked to a deposit or specific game making them rather more inflexible or static. Additionally, they come with steeper or more complex terms and conditions, often coupled with high wagering requirements that can become impossible to overcome. This means that you actually need to bet a lot before you can even attempt to withdraw some winnings. 

Here we take a quick look at how cashback works when compared to other casino bonuses. 

• Deposit bonuses: most welcome offers include a match deposit bonus, which is a percentage, often 100%, of the amount you deposit up to a specified amount, such as A$1000. This may sound good, but it often comes with high wagering requirements of at least 30x, and typically, only pokies contribute 100% to these requirements. What this means is that if you deposit the full amount, you’re going to need to wager A$30,000 before you can claim any winnings. Conversely, cashback offers have very low wagering requirements, meaning you’ll actually benefit from the bonus.
• Free spins: these are very different bonuses, but free spins only give you a specific number of spins on a specific pokie game. They have high wagering requirements, capped winnings, and result in you not really having much control over the bonus that you can claim at the end. 
• Reload bonuses: similar to the welcome bonus, these are typically deposit match bonuses but have a lower match percentage (often around 50%) and a smaller top amount. This is good for those topping up an account, but have the same high wagering requirement issue and restricted games as the welcome offer. 
• VIP and Loyalty rewards: often, these rewards and cashback are linked, as many casinos provide cashback offers as part of their VIP rewards. The higher the level you can climb, the better the cashback rewards will be. 

Overall, we should point out here that cashback bonuses are less restrictive than the other bonus types. But, this doesn’t make them better in all cases. If you’re a live casino player, then you will definitely stand to gain more if you use a cashback bonus than if you use the other offers. However, a lot of this still comes down to the terms and conditions as even a cashback bonus can be bad if the conditions are confusing, hidden or unfair.

How to Choose the Best Cashback Bonus 

While not all casino bonuses are worth your time, cashback bonuses just might be. You’re always going to play with your own money, and you’re always going to lose something, so if there is a way to get any of that money back, you should take it. And this is where the cashback bonus comes in very handy indeed. 

Of course, choosing the best cashback offer is something else entirely. As such, we take a lot of time to check each offer carefully before determining whether it is a good value or not. So, we focus on these factors, and you should do the same when choosing which cashback bonus to take.

Reputation 

Just like any bonus, the first thing you should check is whether the casino has a licence. This will indicate whether or not it is transparent. Choose a casino that holds a recognisable licence and is in a jurisdiction with strict gambling laws. Read through player reviews too, to see how fast cashback payouts are processed. 

Wagering Requirements 

Again, when choosing which bonus to take, always check the terms and conditions. Cashback is meant to help offset some of the losses you have suffered, so it’s worth avoiding any cashback offer with wagering requirements greater than 5x. As the main purpose of a cashback offer is to get some of your losses back and get a little boost, you want to try to find a cashback offer with 0x or 1x wagering requirements. Avoid anything higher than 15x. 

Cashback Value 

We always check both the percentage of cashback offered and the maximum limit. For example, a 20% cashback offer sounds too good to be true, and it might be if it’s got a maximum cap of A$50, as this is barely anything. Instead, look for offers with lower overall percentages, like 10%, but that offer up to A$500 or similar, as this won’t limit the amount you can claim back. 

Time Limit 

Often overlooked, this is something we feel strongly about when it comes to making the most of a bonus. If you can only use the bonus credits for 24 hours after they’ve been awarded to you, this isn’t great. It’s okay if you’ve not got much back, but if you have a large amount, you will need a few days to play through those bonus credits. Again, don’t limit yourself.

Calculation Period 

As touched upon earlier, you should also be looking at the calculation period before selecting an offer. These periods are daily, weekly and monthly. Everyone is different, but as we discussed, weekly often hits that sweet spot for most players as it gives a good amount and doesn’t require a long wait. 

Eligible Games 

Some casinos limit losses to specific game types, such as live dealer or pokies. But others include all games and may even include sports betting as well. All-round offers are typically better as they give you a chance to earn back your money, no matter which game you’re playing. It’s also more fun as you don’t have to track which games are going to qualify for your cashback rewards. 

VIP Level Requirement

Increasingly, new casinos are linking their cashback offers to their tiered programmes. However, the best casinos don’t make cashback exclusive but offer even a small amount of cashback to everyone right out of the gate. This can then be scaled up as you prove your loyalty. 

Final Thoughts 

Testing all the casino bonuses in Australia is hard work but that’s what we;ve done. The cashback offers listed here are all solid deals and work well if used correctly and the terms and conditions are followed. 

When used correctly, these are well worth claiming and aren’t ever a bad deal. After all, you weer already going to play and lose, this is just a way of getting some of your money back, which is better than nothing. What separates a great cashback deal from a good one is still all in their terms and conditions, so make sure you’re claiming one with low wagering requirements, fair upper limits and clear terms. 

For regular players, a cashback bonus can make a difference in your net wins and losses, particularly if you like playing live dealer games. Just 3% back on losses can add up over time, and if you’re going to play anyway, it makes sense to claim a cashback offer.