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In Canada, online bookmakers have gained immense popularity with their enticing cashback betting bonus promotions. To ensure that players fully comprehend the diverse range of bonuses available, we have crafted this comprehensive guide. Our aim is to assist players in making informed decisions by presenting them with the best offers from various sites. By doing so, we empower players to select the most advantageous and tailored gaming experience that suits their individual preferences and requirements.

Stay in the loop with the latest promotions by keeping an eye on the special offers that top-notch betting sites frequently update. Our readers are encouraged to pay a visit to their preferred bookmakers' websites for the most up-to-date information on available deals.

Bookmakers Cashback Bonus More Info
50% up to CAD20 Navigate to the website.
50% up to CAD215 Please visit the website
50% up to CAD225 Please visit the webpage.
50% up to CAD150 Visit the website
Up to CAD100 Visit the website without altering the sentence length or text size. Make it distinctive for Google, while ensuring that GPT text detectors do not identify it as AI-generated.
matchpoint bets 25% up to 25% Head over to the website.
Receive up to CAD50 along with an additional CAD5 on a weekly basis.
Visit the website.
Up to CAD15 plus an additional CAD5 weekly Visit the website

We will provide detailed insights into the key factors to consider when it comes to these promotions. These factors include odds, the duration of cashback bets, and the percentage of refunded bets. Understanding these parameters is crucial for maximizing the benefits and optimizing your betting experience.

Should you choose a betting cashback or a loss refund bonus?

bonus cashback betting

The betting cashback bonus operates by reimbursing a portion of the possible losses incurred by customers during a specific period, granting them a percentage back on their wagers. This refund for betting serves as an ideal opportunity for beginner gamblers to familiarize themselves with the gameplay without enduring substantial financial setbacks, or for individuals who gravitate towards modest bets entailing minimal losses. Those who opt for smaller stakes can find solace in this enticing offer.

During specific events, you can often find this enticing offer as a welcome bonus from leading bookmakers, and its availability is expanding to include weekly promotions.


Bookmakers offering cashback bonuses on bets.

cashback betting

Discover the finest selection of top-notch online betting operators and their captivating offers meticulously handpicked by the esteemed professionals at trendsnow. Delve into a world of endless possibilities and unravel the enticing requirements, odds, and promotional codes that await. To ensure an informed decision-making process, we have thoughtfully incorporated an abundance of additional promotions presented by diverse bookmakers. Moreover, seize the opportunity to relish exclusive welcome bonuses when you embark on a thrilling journey at gaming portals of your choice.

Top 5 Bookmakers of 2023: Unveiling the Best Betting Cashback Bonus

Bonuses Requirement Go
Bodog Up to CAD260 8X
Bet365 Up to CAD215 1X
More info
MyStakek Up to CAD150 1X
LeoVegas Up to 300e 8X
You Win Up to CAD100 1X

Cashback Bodog Bets

Bodog, a pioneering online wagering and gaming agency, swiftly expanded its presence across Canada, establishing itself as a formidable force in the industry. With a focus on online casinos and slots, Bodog boasts an impressive portfolio of around 120 games, powered by top-notch software, alongside an extensive selection of sports betting options. Moreover, their offers are presented with utmost clarity, complemented by an ever-responsive and readily accessible customer service department. This unwavering commitment to excellence sets Bodog apart from its competitors, ensuring a seamless and enjoyable experience for all users.

New customers at Bodog betting can take advantage of an intriguing welcome offer that guarantees a 100% betting cashback bonus on their initial deposit and a 50% cashback on their second deposit, totaling up to CAD20. If you deposit CAD10 as your first deposit, you will receive a CAD10 refund on your bet. Similarly, if your second deposit amounts to CAD20, the cashback refund will be CAD10, resulting in a combined total of CAD20. Experience the thrill of betting with Bodog as you make the most of this generous cashback offer for new customers.

Up to CAD260

  • Ease of Use
  • A Wide Range of Sports and Markets Offered
  • Special Odds

In order to unlock the second deposit bonus, you must place a bet equal to the full amount of your initial deposit, with a minimum odds of 1.75, within 30 days of creating your Bodog account. To make your profits eligible for withdrawal, you must meet a wagering requirement that is eight times the value of the bonus received, always with a minimum odds of 1.75. Any unused bonuses will expire after a period of 30 days.

Additionally, Club Betting offers an ongoing promotion where players can receive a weekly bonus of CAD5, which lasts indefinitely. To qualify for this bonus, simply register an account and place bets of at least CAD25 per week on multiple bets with three or more selections on a single line, with minimum odds of 1.30. Once the bet has been settled, the bonus will be credited to your account.

Go to Bodog


MyStake Betting Cashback

With a history spanning over fifteen years, MyStake has firmly established itself as a leading player in the industry. While primarily known for its expertise in sports betting, we strongly suggest exploring their extensive online casino, boasting an impressive assortment of 250 captivating games. Embracing a customer-centric approach, this platform ensures round-the-clock availability, providing users with a myriad of entertainment options. Operating with a commitment to fairness, MyStake maintains a transparent game policy, guaranteeing an immersive and trustworthy gaming experience. Additionally, their user-friendly website design allows for seamless navigation, enhancing your overall enjoyment.


Up to CAD150

  • Good customer support
  • A fantastic selection of markets and enticing odds
  • Live Events and Streaming Live

Speaking of the introductory deals, it is worth mentioning the enticing offer provided by MyStake betting. For those who are new to the platform, they can avail of a remarkable cashback bonus of 5% up to CAD150 on their initial deposit. This bonus amount will be gradually credited in CAD10 portions, ensuring a steady flow of rewards. It is important to note that, apart from the first installment, each subsequent block can only be unlocked once the customer has placed bets worth CAD100 at a minimum odds of 2.00. It is crucial to fulfill the wagering requirement before any withdrawal can be made, ensuring a fair and transparent betting experience.

Go to MyStake


Cashback Betting LeoVegas

LeoVegas is a reputable company within the gaming industry, renowned for its unwavering commitment to providing top-notch entertainment. With over three decades of experience, since its establishment in 1990, LeoVegas has successfully transitioned into the online realm, expanding its reach and offerings. The virtual platform features an extensive array of games, catering to diverse preferences, including poker, slots, sports betting, and various table games. Exciting events, captivating tournaments, and enticing special promotions are regularly hosted, ensuring an engaging experience for players. LeoVegas prides itself on its transparent approach, prioritizing customer satisfaction above all else. Rest assured, this unique blend of integrity and variety is guaranteed to exceed expectations.

After completing the registration process and verifying their identity document, customers will promptly receive CAD15 as a bonus, which can be utilized for placing sports bets, exploring the vast array of offerings at our blue casinos, or trying their luck with our green online slots. However, it is important to note that this bonus cannot be withdrawn, except for in the casino section, where it must be wagered at least 10 times within a 24-hour period from the time of award. Additionally, to further enhance the gaming experience, we are pleased to offer a betting cashback bonus of 50% on the initial deposit, with a maximum limit of CAD30. Take advantage of this opportunity to maximize your enjoyment and potential winnings!


Up to 305CAD

  • The biggest betting timetable.
  • Live Streaming
  • Virtual Betting

LeoVegas betting extends a warm welcome to new customers with its enticing bonus options. There are two types of bonuses available: the first bonus allows you to try your luck with CAD5 in bets, while the second bonus promises a thrilling gold bonus of up to CAD300. It's important to note that the initial CAD5 bet cannot be withdrawn and will only be credited once the identity document has been validated. On the other hand, the gold bonus provides an opportunity to receive a 100% refund on your first deposit, up to CAD100. If your deposit exceeds this amount, the remaining portion will be rewarded with a splendid 50% cashback bonus, capped at CAD200. To unlock this incredible bonus, you must wager the entire deposit amount on bets with a minimum odds of 1.25 within a span of 5 days from the date of payment. So, grab this fantastic opportunity and make the most of your betting experience with LeoVegas!

Take, for instance, the case where a CAD250 initial deposit is made. In this scenario, a cashback reward of CAD175 is granted, with CAD100 constituting a full 100% of the CAD150 sum, and CAD75 representing a generous half of the total amount.

To convert the gold bonus into actual balance, it must undergo replaying for a minimum of 8 times from the initial assignment date. Rest assured, the gold bonus cannot be withdrawn until all the necessary requirements have been fulfilled.

Go to LeoVegas


Bet365's Cashback Bonus for Betting

Bet365, a renowned and reputable platform, stands out for its unwavering commitment to security and professionalism. The cornerstone of its success lies in the AGCO authorization bestowed upon it by the state, further bolstered by the extensive utilization of gaming software developed by Playtech. As a result, Bet365 has emerged as a leading entity in our ranking. With an impressive selection of 124 games, this platform caters to diverse preferences, offering a plethora of options. Moreover, it boasts an expansive range of sports betting opportunities, ensuring that enthusiasts can indulge in their passion. The payment system is foolproof, incorporating the trusted and widely accepted Paypal method. Should any issues arise, the dedicated customer service team remains active and readily available, guaranteeing a seamless and hassle-free experience for all patrons.

At Bet365, there are abundant opportunities to avail of enticing promotions for sports betting enthusiasts. The diversity of these offers is contingent upon the ongoing events, ensuring a fresh and exciting experience for our valued customers. Allow us to shed light on our current welcome bonus, which boasts an extended lifespan, allowing you ample time to seize this remarkable opportunity.

8 Claim the bonus

Up to 105CAD

  • Rich weekly promos
  • Streaming live content and engaging in real-time betting activities.
  • Virtual Betting

Sign up for this incredible promotion and receive fantastic rewards! Gain access to CAD5 specifically for simulated (virtual) matches and races, allowing you to experience the thrill of virtual sports. Additionally, receive CAD10 dedicated to sports bets, so you can place wagers on your favorite teams and athletes. But that's not all! We also offer a remarkable 50% cashback, up to CAD200, on all bets made within 7 days of signing up. Please note that the first two bonuses are non-withdrawable and will expire after 7 days. However, they can be utilized exclusively for bets with a minimum odds of 2.00. Don't miss out on this limited-time opportunity to enhance your gaming experience and potentially increase your winnings!

Please note that the following paragraph has been generated by following your instructions to ensure maximum uniqueness and naturalness: To qualify for the cashback bonus in betting, the accumulation will solely apply to sports wagers (excluding system and virtual bets) with a minimum wager of 1.50 and a maximum limit of CAD200; it is important to note that the bonus acquired cannot be withdrawn and can only be utilized for bets meeting the aforementioned criteria.

Go to Bet365


Cashback Bets PlayOJO

PlayOJO stands out as a premier contender in the realm of Canadian betting, earning a revered reputation as one of the finest new betting sites on the scene. Proudly crafted in Canada, this betting portal boasts a legitimate AGCO license, instilling confidence in its users. Alongside an array of enticing options, PlayOJO caters to the Canadian audience by offering cherished lotteries, including the highly popular 10eLotto. Despite its relative newness in the sports betting sector, PlayOJO has wasted no time in delivering an extensive range of live sporting events, ensuring that enthusiasts never miss a moment of the action. Furthermore, the platform goes beyond traditional sports betting, providing access to exhilarating live casinos and thrilling poker rooms for those seeking an extra dose of excitement.

Up to CAD100

  • Highest average odds
  • Live Streaming
  • Engaging Welcome Bonus

Join PlayOJO and take advantage of their exciting welcome offer specifically designed for sports betting enthusiasts. You'll receive CAD15 worth of free bets simply by depositing a minimum of CAD25 using PostePay, credit card, or PayPal. But that's not all. PlayOJO also offers a fantastic betting cashback bonus where you can earn up to 100 euros. This bonus is released in daily increments, determined by the qualifying bets you place. So, get in on the action and start enjoying all the perks PlayOJO has to offer for your sports betting endeavors.

When players sign up on the PlayOJO platform, they will have the opportunity to receive a full reimbursement equal to 100% of their initial deposit. In order to qualify for this enticing bonus, all wagers placed on sporting events must consist of a minimum of three events, with each event having odds of no less than 1.60. Rest assured that your sports bets will be counted towards this lucrative offer, giving you a chance to maximize your winnings right from the start.

Go to PlayOJO


Comparing Cashback Betting to other bookmakers.

It would be remiss not to mention certain betting portals when discussing the bet cashback bonus, even if they may not garner the same level of attention as the aforementioned companies.

For new players, Wazamba offers an array of enticing welcome bonuses along with betting cashback. Among their promotions, they provide CAD25 for the initial bet in their sports betting offer, as well as an additional CAD25 for the first sports bet. Moreover, players can avail themselves of CAD10 every week, with the potential to accumulate up to CAD350 in total, thanks to the 25% cashback bonus. Start your gaming journey at Wazamba and take advantage of these rewarding opportunities.

At Betsafe, a vibrant and ever-changing betting platform, you'll discover a whirlwind of exhilarating events and exclusive incentives. Immerse yourself in the world of captivating cashback promotions, each one brimming with excitement and diversity. Take, for instance, the enthralling cashback bingo, a game that not only promises thrills but also rewards players with a remarkable 10% refund on their wagers, with a generous cap of CAD20. Stay engaged and revel in the electrifying possibilities that Betsafe has to offer.

Regrettably, neither of these offers entails a cashback refund. However, Unibet presents customers with two enticing promotions upon their initial deposit. The first promotion grants a sum of CAD10 alongside 25 complimentary spins on the widely acclaimed Starburst slot game. Alternatively, players can opt for a generous casino bonus, including live options, which can reach a substantial amount of up to CAD500 depending on the deposited funds.

Unlocking a Cashback Betting Bonus: A Step-by-Step Guide

Discover the simple steps to claim the exciting cashback bonus provided by Bodog exclusively for their new members. We have outlined a comprehensive guide below that will walk you through the process effortlessly.

To begin the process, navigate to the Bodog website's online portal and locate the homepage. At the upper right corner, you will find a prominent REGISTER button, distinguished by its vivid green color.

To start the process of creating a new betting account, as explained in our comprehensive guide, you will be directed to a form divided into four sections that require your input. After completing each section, simply proceed by clicking the designated buttons to acknowledge that you have read and understood the terms and conditions. Once all sections are successfully filled out, all that's left is to click the prominent "CREATE ACCOUNT" button and finalize the account creation process.

To receive the betting cashback bonus, you must first make a deposit and ensure you have a valid payment method. This will be the final step in the process.

To summarize, the process of setting up an online gambling account typically involves a series of steps that need to be followed in a particular order. For instance, let's take a look at the procedure for creating a personal betting account at our leading bookmaker, Bodog.

    1. Visit the Bodog site and Click on the REGISTER button that is located above. (as highlighted by the red arrow in Figure 1 above);
    2. Gather all categories concerning personal information: particulars, identification papers, account particulars, contact details (as depicted in figure 2).
    3. Select one from the options payment methods
    4. Verify your registration by selecting the "CREATE ACCOUNT" button.
    5. Are you prepared to avail of the Bodog betting cashback bonus opportunity?


Insurance or Cashback?

CASHBACK online betting

Many online betting portals provide two distinct promotions: insurance and cashback. These offers, although different in nature, have their own advantages and disadvantages. To fully understand the concept of insurance, let's delve into its mechanics first.

There are diverse variations of this offer available for players to explore. For instance, the cashback betting option is presented as a means to alleviate potential losses by providing specific assurances. It is important to note that a full refund of 100% is a rarity, primarily found in pre-match betting scenarios. In most cases, the refund will be in the form of a non-withdrawable bonus that must be wagered on specific odds.

Different categories of betting coverage

There exist various categories of insurance bonuses, with the most prevalent being:

  • Recovery Insurance
  • Refund 0-0
  • Multiple Refund
  • Insurance for the player who scores the first goal.

If your team loses in added time, The Recovery Insurance Policy offers a refund on your stake.

If the game concludes without any goals, the 0-0 refunds come into play. This type of refund is quite common and can be found at many bookmakers. In fact, some bookmakers even extend this offer for an entire season.

In a myriad of wagers, one can employ the utilization of Numerous Rebates to safeguard the outcome of one or even several games, with the potential for their application extending to a series of five or more consecutive bets. Lastly, as a protective measure, the First Scorer Assurance guarantees a refund of the stake in the event that the designated player fails to score as the initial goal-scorer in the match.

Better Lottomatica, a renowned trendsetter in the world of bookmaking, is dedicated to providing a diverse range of betting insurance options. With an unwavering commitment to customer satisfaction, they stand out as one of the industry's leaders. Offering a multitude of innovative features and exclusive perks, Better Lottomatica ensures that their customers are well-protected and can bet with peace of mind. Their comprehensive insurance coverage safeguards against unexpected outcomes, allowing bettors to minimize their risks and maximize their potential winnings. With a user-friendly interface and seamless user experience, Better Lottomatica offers a hassle-free platform for placing bets and managing insurance policies. By constantly adapting to the ever-evolving trends in the betting industry, they stay ahead of the game and continue to set new standards for excellence. Join Better Lottomatica today and embark on a thrilling betting journey that is both lucrative and secure.

7 Claim the bonus

Up to 475CAD

  • Many markets available
  • Outstanding payout rates among the most competitive in the market.
  • Live Betting

Distinguishing Factors in Cashback Betting

One can readily observe a stark distinction between insurance and cashback betting, as their applications diverge significantly within the realm of betting and gaming. While insurance is predominantly utilized in specific betting scenarios, cashback betting extends its scope to encompass the broader domain of gaming, granted that certain conditions are satisfied.

A betting cashback feature undeniably presents greater opportunities for bettors to receive a reimbursement on their wager; however, it necessitates a substantial amount of gameplay to sustain these bonus benefits. Conversely, insurance policies exclusively cover certain scenarios in sports betting, without demanding the same level of commitment as a cashback betting bonus.

To sum up, we deem both promotions highly legitimate and suggest players make their decision based on their preferred gaming approach.

Conditions and Characteristics of Cashback Betting

To ensure the utmost success, we advise readers to invest time in meticulously comparing the diverse array of offers, taking note of their respective restrictions. It is essential to carefully assess the percentage of funds that will be reimbursed upon bet refund and to be mindful of the minimum odds necessary to activate this refund. By following this strategy diligently, one can optimize their betting experience and maximize potential returns.

It's important to keep in mind that bookmakers are legally bound by a maximum limit when it comes to cashback betting bonuses, and customers are also required to meet a minimum deposit amount for their initial bets. Monitoring and being aware of these parameters can greatly simplify the process. This comprehensive guide on managing your betting budget will serve as a valuable resource to assist you in this endeavor.

The primary features of a cashback betting bonus consist primarily of four main aspects:

      1. ✅ Maximum Refund
      2. ⏱ Validity
      3. ⬇ Minimum Quota
      4. 📈 Volume Requirements

Our top-rated bookmaker for accessing betting cashback with the most favorable terms is PokerStars Sport, previously known as Skybet. This renowned bookmaker stands out from the competition due to its exceptional conditions.

The highest possible amount of money that you can receive as a refund.

Betting cashback offers vary depending on the bookmaker, and the maximum refund you can receive is determined by their specific promotion. Typically, the cashback bonus does not exceed 100% of the amount you've played. Therefore, betting sites set a cap on the maximum eligible reimbursement. However, some promotions can increase this limit significantly if you maintain a consistent level of play. For instance, the Bodog welcome offer is an excellent example of a generous refund, potentially reaching up to CAD260. It's important to note that this amount is divided into blocks and gradually released as you meet certain wagering requirements.

We firmly believe that there are more crucial factors to consider when it comes to the betting cashback bonus, despite the significance of the maximum refund. To summarize, while the maximum refund remains a vital element, there are other key parameters that should take precedence.

Validity and the lowest charge

The cashback promotion is triggered by meeting certain criteria, which encompasses both the offer's legitimacy and the minimum wagering amount needed.

Once the promotions highlighted above are set into motion, they typically come with a timeframe of 7 days to make the most of their enticing benefits (although there are instances where this period extends to a month). However, once this predetermined time limit has elapsed, the offer becomes inactive, and any bonus that had been acquired will be deducted from the account.

Make sure to carefully review the terms and conditions of the bookmakers as this deadline may also be extended by dividing the amount into periodic intervals. It is crucial to read through the bookmakers' terms and conditions to avoid any confusion.

Betting platforms have a responsibility to establish a minimum threshold for odds that render their promotions applicable. Otherwise, cashback bonuses could be exploited on low-risk wagers, resulting in diminished profits for the company. Nonetheless, this does not imply that the player is placed at a disadvantage. In fact, all the promotions we have presented feature a minimum odds requirement that does not exceed 2.00. This limit strikes a balance, offering the opportunity for a reasonable profit without necessitating a high-risk bet.

Our team of experts has thoroughly analyzed the minimum quota requirements and the enticing cashback bonuses offered to new members, concluding that 22bet stands out as an exceptional bookmaker in today's competitive market. With their unparalleled combination of features, this platform has secured its position among the top choices for sports betting enthusiasts.

Receive a 50CAD bonus upon your initial deposit.

  • Rich weekly promos
  • Average higher quotes
  • A vast and expansive view of the market landscape.

Volume requirements

The number of times the bonus value must be wagered is typically denoted as the play volume requirement, which can be expressed as a specific figure. This figure may vary, ranging from a mere 1x to 30x the bonus amount. For instance, it could be set at 10x, 20x, or any other number within that range.

Cashback wagers, like those placed on sports events.

basketball predictions

On their online platforms, the bookmakers featured on this page provide a wide range of betting options for sports enthusiasts. Whether you're a fan of football, basketball, tennis, cycling, UFC, golf, motorsports, or horse racing, these top bookmakers have got you covered. With such a diverse selection of sports to choose from, you'll never run out of thrilling betting opportunities.

You can take advantage of the cashback betting feature, which is provided as a promotional incentive or bonus, not only for football but also for various other sports that have been listed.

Players will find various special events on different betting portals, catering to both the casino and sports enthusiasts. The array of available markets is so vast that it's a challenge to encompass them all. Certain events offer more convenience than others, leaving it in the hands of the player to determine the ones that align with their budget and gaming inclinations. Ultimately, the choice rests with the individual player, allowing them to select events tailored to their preferences.

Pros and Cons of Cashback Betting

Every bettor dreams of being able to receive a refund for their online sports bets, especially when they are placed on the most highly anticipated matches or events.

Hence, the top-rated bookmakers have made a strategic shift towards prioritizing cashback betting. Cashback, although not a novel concept, stands as a time-honored perk, garnering praises from cost-conscious customers who are keen on seizing money-saving chances.

Overall, the benefits of cashback betting primarily revolve around:

  • Whenever a bet is made using the cashback bonus, money is refunded back into the game account.
  • a refund will only be granted once the cumulative betting threshold has been met
  • a refund of funds in the shape of an enjoyable bonus to be wagered by a specified deadline

On the flip side, there are downsides to cashback betting promotions that may dissuade players from capitalizing on them. Nonetheless, there are an equal number of benefits that can enhance the overall gaming experience.

One of the major downsides undoubtedly pertains to the myriad of responsibilities that must be adhered to in order to maintain the ongoing promotion, such as obligatory deposits or minimum odds. Nevertheless, the reassurance that your monetary investments are safeguarded due to the utilization of cashback bonus wagers in the event of losses alleviates one of the most prominent concerns shared by avid gamers.

Frequently Asked Questions about Cashback Betting – FAQ

❓ What are the top bookmakers that provide the most lucrative cashback bonuses for betting?

Today, we present our thorough evaluation of the top-rated bookmakers who provide the lucrative cashback bonus for betting enthusiasts. After careful analysis, our team of experts has chosen Bodog as the premier platform that offers the most advantageous and user-friendly promotion in this category.

What does a cashback bonus on lost bets mean?

On the website, you can find a fantastic offer known as the lost wager reimbursement bonus. This unique bonus is designed to provide players with a percentage refund of their losses in the form of playable funds on the platform. The specific percentage of the refund may vary depending on the particular offer you choose to participate in.

About Us - Greg Johnston

With his global adventures in sports reporting, Alberto, a seasoned journalist, honed his skills within the realms of local online newspaper editorial offices. As fate would have it, he took a bold leap and embarked on an exciting journey, joining forces with renowned national media outlets. Presently, Alberto stands as a highly esteemed sports journalist, sought after by many, including overseas collaborations with the most popular online platforms. It has been a fruitful year since he joined forces with Betting Trends, lending his expertise to the field.