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If, however, the casino gives you the cashback as bonus funds, you might need to meet additional wagering requirements. The cashback can be credited as either cash or bonus funds, depending on the casino’s policy. Tiered cashback is meant to incentivize loyalty, and it’s a common way for casinos to get returning players.
Technically speaking, it’s true that you’ll only receive cashback when you lose. Regardless, you’ll usually have to meet the minimum deposit requirements to qualify. To claim a cashback bonus, you’ll often opt into it automatically during the sign-up process. This means if you lose $100 and claim a 25% cashback bonus, you’ll receive $25.
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