Top Online Casinos with the Cashback Bonus: Listed and Compared

Welcome to CasinoRank, your go-to source for expert advice on online casino bonuses. We specialize in providing detailed information on the best online casinos and the bonuses they offer. Today, we're excited to introduce you to the cashback bonus. This type of bonus is designed to give players a percentage of their losses back as a bonus. Our team has put together a list of the best casinos offering cashback bonuses. Don't miss out on the chance to get some of your losses back - visit one of our recommended casinos with a cashback bonus today!

Top Online Casinos with the Cashback Bonus: Listed and Compared
Keisha Bailey
Topic ExpertKeisha BaileyExpert
Fact checked byDylan ThomasFact Checker

How We Rate and Rank Casinos with Cashback Bonus

At NaijaCasinoRank, our team of experts has years of experience in evaluating online casinos with various bonuses, including the cashback bonus. We take into account several factors to ensure that we only recommend safe and reliable casinos to our readers.


Above all, we prioritize the safety and security of our readers. Our comprehensive evaluation includes a thorough examination of each betting shop's licensing, security protocols, and reputation. Our goal is to guarantee that every betting shop we endorse is not only trustworthy but also provides a secure gaming environment.

Registration Process

We meticulously examine the registration process of every Naira casino to ensure it is straightforward and user-friendly. Additionally, we assess whether the casino collects unnecessary personal information during registration, aiming to protect our readers' privacy and streamline their gaming experience.

Deposit and Withdrawal Methods

Ease of use and safety are key when it comes to depositing and withdrawing funds. We thoroughly evaluate the variety and reliability of payment methods each casino offers. Our review includes checking for any hidden charges or extended processing times that might affect our readers' financial transactions, with a particular focus on popular Nigerian payment methods like bank transfers, mobile money, and payment cards.


A critical aspect of our evaluation centers on the cashback bonus provided by each betting shop. We ensure that these bonuses are not only enticing but also fair and transparent. Furthermore, we thoroughly examine any associated wagering requirements or restrictions that might impact a punter's ability to withdraw their winnings, providing our readers with a clear understanding of what to expect.

Reputation Amongst Players

The opinions and experiences of fellow players carry a lot of weight in our evaluation process. We take into account player feedback and reviews to measure a casino's overall reputation. We also look into whether there are any unresolved complaints or issues that could potentially disrupt our readers' gaming experiences. By incorporating these insights, we aim to guide our readers to casinos that have earned trust and goodwill within the gaming community.


Cashback Bonus - All You Need to Know

A cashback bonus is a type of online casino promotion that allows you to earn a percentage of your losses back, usually as bonus cash or credits. Typically, casinos offer a cashback percentage ranging from 5% to 30% of your net losses, which you can use to continue playing or withdraw after meeting specific requirements. In most cases, cashback bonuses can be used on any game available at the casino, but it's always wise to check the terms and conditions to ensure you don't miss out on any restrictions. Some casinos might have specific games eligible for cashback bonuses, while others could exclude certain game types or titles.

How to Get a Cashback Bonus

A cashback bonus operates on a simple principle: the more you play and lose, the more bonus cash you get back. Online casinos with cashback bonuses calculate the cashback amount based on your net losses over a specified period (daily, weekly, or monthly) or on particular games. For example, if a casino offers a 10% cashback bonus and you lose ₦40,000 during the promotional period, you will receive ₦4,000 as a cashback bonus.

Here are the steps to get the cashback bonus:

  • Register for an account at a casino that offers a cashback bonus
  • Make a deposit
  • Play your favourite casino games
  • If you incur losses, the casino will credit a percentage of your losses back to your account
Beginner's Guide to Casino Cashback Bonuses

Types of Cashback Bonus Offers

There are several types of cashback bonus offers that players can take advantage of. Here are some of the most common types:

Cashback on Net Losses

One common type of cashback bonus is the cashback on net losses. This bonus rewards players with a percentage of their net losses, which are calculated by subtracting their total winnings from their overall bets. For instance, if a player's total bets amount to ₦50,000, and they win ₦20,000, their net losses would be ₦30,000. With a cashback on net losses bonus, they might receive a portion of that ₦30,000 back as a bonus, helping to soften the blow of their losses.

Cashback on Total Losses

Another variant of cashback bonus is cashback on total losses. Unlike net losses, which consider only the difference between winnings and bets, this type of cashback calculates rewards based on the total amount wagered, regardless of whether the player won or lost. For instance, if a player placed ₦400,000 in bets, they might receive a percentage of that ₦400,000 back as a bonus, irrespective of their actual wins or losses.

Cashback on Certain Games

Some betting houses offer cashback bonuses tailored to specific games, such as Ayo or Draughts. This approach allows players to explore new games or indulge in their favorites with the added security of knowing that a portion of their losses will be refunded. It's an excellent way for players to diversify their gaming experiences without risking a substantial amount of their own funds.

Cashback on a Specific Market Day

Certain betting shops provide cashback bonuses on designated market days of the week, offering players the chance to recover a portion of their losses if they encounter an unlucky streak. These bonuses can be a morale booster, helping players stay engaged and motivated even after a string of unfortunate outcomes.

Types of Casino Cashback Bonuses

Cashback Bonus Terms and Conditions

When it comes to online betting shop bonuses, it's important to understand the terms and conditions that come with them. These rules outline the requirements and restrictions that players must follow in order to receive and use the bonus. In this article, we'll take a closer look at the terms and conditions of the cashback bonus.

Betting Requirements

Betting requirements are a common feature of online casino bonuses, including the cashback bonus. These requirements dictate how many times a player must bet the bonus amount before they can withdraw any winnings. For example, a typical welcome offer might include a 100% cashback bonus up to ₦36,000 with a 30x betting requirement. This means that if a player deposits ₦36,000 and receives a ₦36,000 cashback bonus, they must bet ₦1,080,000 (30 x ₦36,000) before they can withdraw any winnings.

Minimum Deposit Required

To be eligible for the cashback bonus, players must make a minimum deposit. This amount varies depending on the betting shop or the specific bonus offer. The minimum deposit is important because it ensures that players are committed to playing at the betting shop and are not just taking advantage of the bonus offer.

Restrictions on Type of Games or Titles

Some cashback bonuses may have restrictions on the type of games or titles that can be played with the bonus. For instance, a betting shop may only allow the bonus to be used on football betting or card games. This is crucial because it ensures that punters are using the bonus in the way that the betting shop intended.

Limits on Minimum and Maximum Bet Size

Cashback bonuses may also have limits on the minimum and maximum bet size. This means that players must bet within a certain range in order to be eligible for the bonus. For example, a betting shop may require players to bet a minimum of 500 Naira and a maximum of 5000 Naira per game in order to qualify for the cashback bonus.

Cap on Maximum Win

Cashback bonuses may also have a cap on the maximum amount that can be won using the bonus. This means that even if a player wins more than the maximum amount, they will only receive the capped amount. For example, a betting shop may cap the maximum win at ₦200,000, even if the player wins ₦400,000.

Time Limit

Finally, cashback bonuses may have a time limit. This means that players must use the bonus within a certain amount of time or it will expire. For instance, a betting company may require players to use the bonus within 30 days of receiving it.

Can You Win Big with a Cashback Bonus?

While cashback bonuses may lack the excitement of some other bonuses, they can assist you in conserving funds. They act as a financial cushion against losses and extend your betting time, potentially resulting in larger winnings. To maximize the benefits of cashback bonuses, ensure compliance with the betting company's rules and engage in prudent betting.

Cashback Bonus Tips and Tricks 2024

Pros and Cons of Cashback Bonuses

The cashback bonus is a popular type of online betting bonus that offers players a percentage of their losses back as a bonus. While this bonus can be beneficial for some players, it also has its pros and cons.

Cashback Bonus Pros ✅

Cashback bonuses can be incredibly advantageous for online casino players. Here are some notable benefits of using casino cashback and bonus casino games:

  • Risk mitigation: Cashback bonuses reduce your risk by providing a safety net for your losses, which can be especially helpful during a losing streak. It's like having your own personal 'Aso Ebi' at a party, always there to support you.
  • Extended gameplay: A cashback bonus allows you to extend your gameplay without having to deposit additional funds, increasing your chances of winning. It's like having an extra bowl of Jollof rice at a party, you get to enjoy more without having to pay extra.
  • Increased loyalty rewards: Some casinos link their cashback bonuses with loyalty programs, enabling you to earn extra points or rewards as you play. It's like being part of a 'Nkwa Umu Agbogho' dance group, the more you participate, the more you are rewarded.
  • Versatility: Casino games' bonus promotions, including cashback bonuses, can be used across various casino games, providing a diverse gaming experience. It's like attending a Nigerian wedding, where you get to enjoy a variety of food and music.

Cons of Cashback Bonuses ❌

While cashback bonuses offer numerous benefits, it's crucial to consider some potential drawbacks:

  • Betting terms: Many cashback bonuses come with wagering requirements, which can be challenging to meet and might restrict your ability to withdraw your bonus funds.
  • Limitations: Some casinos might impose restrictions on eligible games or limit the maximum amount you can receive as a cashback bonus.
  • Loss-based rewards: Since cashback bonuses are based on your net losses, you need to lose a specific amount before receiving any benefits.
  • Time-sensitive: Some cashback promotions have a limited timeframe, which might not be suitable for players who prefer longer gaming sessions.

Other Types of Bonuses You Can Enjoy

Apart from the cashback bonus, there are several other types of bonuses that online casinos offer. These include:

Bonus Type Description
Welcome Bonus A bonus offered to new players when they sign up at an online casino.
No Deposit Bonus A bonus that does not require the player to make a deposit to receive it.
Free Spins Bonus A bonus that offers players a certain number of free spins on a specific slot game.
Reload Bonus A bonus offered to players who make a deposit after their initial deposit.

Each of these bonuses has its own set of terms and conditions, and players should read them carefully before accepting the bonus.

Bonus Codes


In conclusion, utilizing cashback bonuses can be a worthwhile strategy for online casino players, as long as they carefully consider the associated terms and conditions and choose the best casino platforms. At NaijaCasinoRank, we understand the importance of choosing the right online casino. We will continue to review and update our rankings to ensure that we recommend the best online casinos with the most beneficial bonuses for our readers.

About the author
Keisha Bailey
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Keisha Bailey, Jamaica's very own gem, has risen as the definitive authority on online casino bonuses. With a laser focus on maximizing player gains, Keisha's analyses have become indispensable for a sea of gamers.

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Beginner's Guide to Casino Cashback Bonuses

Beginner's Guide to Casino Cashback Bonuses

Nowadays, you can find tons of different bonus offers at online casinos. Those offers are given to you to motivate you during your betting journey but also help casinos to attract new customers.

Cashback Bonus Tips and Tricks 2024

Cashback Bonus Tips and Tricks 2024

Nowadays, you can claim many types of bonuses on online casino sites. Without a doubt, one of the most popular offers that you can collect is CashBack. Cashback offers can give you certain money back on what you wagered for a certain period of time. Cashback programs can help you cut losses, or get some extra funds on the side, especially if you join an online casino, which gives cashback on both wins and losses.

Types of Casino Cashback Bonuses

Types of Casino Cashback Bonuses

When you look for an online casino to join, one of the most essential things to explore is the selection of bonus offers. Nowadays, casinos offer a lot of promos that you can obtain, but one of the most popular ones is cashback.

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GratoWin Makes Your Mondays Fun with up to 20% Weekly Cashback

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Everything you need to know about casinos

What is a cashback bonus?

A cashback bonus is a type of online betting promotion that allows punters to earn back a percentage of their losses as bonus cash or credits. This is common in places like NairaBet or Bet9ja. It typically ranges from 5% to 30% of a punter's net losses and can be used to continue staking or withdrawn after meeting specific requirements.

How do I claim my cashback bonus?

To claim your cashback bonus, follow these steps:

  • Register or log in to your account at an online betting platform offering cashback bonuses. In Nigeria, popular platforms include Bet9ja and NairaBet.
  • Opt-in to the cashback bonus promotion, if required. This is usually done by ticking a box or clicking a button.
  • Play eligible games within the specified timeframe. In Nigeria, popular games include football betting, virtual games, and lotto games.
  • After the promotional period, the platform will credit your account with the cashback bonus based on your net losses. This is usually done within 24 hours after the end of the promotional period.

Is a cashback bonus worth it?

A cashback bonus can be worth it for players who are looking for a safety net during losing streaks or who want to extend their gameplay without making additional deposits. However, it's crucial to consider the associated terms and conditions, such as wagering requirements, to determine if a cashback bonus is suitable for your playing habits and preferences. In Nigeria, this could be likened to the 'Awoof' deals we often look out for in our markets, where we get some extra value for our money. But just like with those deals, it's important to read the fine print and understand what you're getting into.

Do all betting companies offer a cashback bonus?

No, not all online betting companies offer cashback bonuses. However, an increasing number of betting companies are incorporating cashback promotions to attract punters and provide additional incentives for gameplay. It's essential to research and compare different online betting companies to find those offering the most attractive cashback bonuses.

How can I find the best cashback bonus?

To find the best cashback bonus, consider factors such as the betting company's reputation, the cashback percentage offered, the promotional period, eligible games like Baba Ijebu, Nairabet, and associated wagering requirements. Additionally, use online resources like betting review sites and forums to compare different cashback bonuses and promotions.

Can I use a cashback bonus on any game?

In most cases, cashback bonuses can be used on any game available at the betting shop. However, it's essential to check the terms and conditions for any game restrictions or specific games that qualify for the cashback bonus. Some betting shops might have certain games eligible for cashback bonuses, while others could exclude certain game types or titles.

What is the difference between casino cashback bonuses and casino earnings?

Casino cashback bonuses refer to a promotional offer where players receive a percentage of their net losses as bonus cash or credits. This is similar to how some Nigerian businesses give customers a percentage of their purchases back as a form of customer loyalty reward. On the other hand, casino earnings represent the profits generated by the casino through the wagers placed by players, much like how a Nigerian market trader profits from the sales of goods. While cashback bonuses benefit the players by helping them recover some of their losses, akin to a customer getting a discount on their next purchase, casino earnings are the revenue collected by the casino from all bets and wagers, just as a trader collects revenue from the sales of his goods.

Why do online betting platforms offer cashback bonuses?

Online betting platforms in Nigeria offer cashback bonuses for several reasons, including:

  • Attracting new punters: Cashback bonuses can serve as an incentive for punters to sign up and try out the platform's games.
  • Retaining existing punters: Offering cashback bonuses helps retain punters by providing them with a safety net and encouraging them to continue playing.
  • Enhancing punter experience: Cashback bonuses allow punters to extend their gameplay and increase their chances of winning, creating a more enjoyable gaming experience.
  • Encouraging loyalty: By offering cashback bonuses, online betting platforms can foster loyalty among their punters and keep them engaged.

What is the difference between rake cashback and loss cashback?

Rake cashback and loss cashback are two different types of cashback bonuses offered by online betting platforms or gambling sites:

  • Rake cashback: Commonly found in online poker rooms, rake cashback refers to a promotional offer where players receive a percentage of the rake fees collected by the poker room during their gameplay. The rake is the commission charged by the poker room on every pot or tournament entry. This is similar to how a local 'Baba Ijebu' lotto operator takes a commission from the pool of bets.
  • Loss cashback: Loss cashback is a bonus provided by online betting platforms to players based on a percentage of their net losses during a specific promotional period. This type of cashback bonus aims to help players recover some of their losses and encourage them to continue playing, much like the 'awoof' bonuses local betting shops offer to keep punters coming back.

While both rake cashback and loss cashback provide players with a means to earn back a portion of their expenditure, the key difference lies in the basis of their calculation: rake cashback is based on the rake fees generated during gameplay, whereas loss cashback focuses on the net losses incurred by the player.