Special Report: Online Casino Cashable BonusesPublished November 23, 2014 by Amir G
Common in online casinos, cashable bonuses allow players to withdraw their winnings including their bonus funds if they have met all wagering requirements.
Bonuses and promotions are among the most important factors players look into when choosing an online casino. These offers are meant to cater to players' needs, give them incentives to sign-up and play in the online casinos and to generally boost their experiences. With the abundance of bonus offers, it's important for online casino players to note and understand the differences types of bonuses and how they work. In particular, cashable bonuses are common in online casinos.
Defining Cashable Bonuses
Cashable bonuses refer to bonuses which players can withdraw only after they've met a certain requirement – usually a wagering requirement (also known as playthrough). Once the players have wagered the sum specified by the casino they can withdraw their winnings. A classic example is a welcome bonus offering players a 100% match bonus up to $100 with a 20x wagering requirement. In this case, a $100 deposit would grant the player with an additional $100, but he would need to place a total of $2,000 in wagers before being able to withdraw his winnings due to the 20x wagering requirement.
The bonuses offered by Casino Cruise can serve as another good and true example for how cashable bonuses work, specifically the welcome package. New players are offered a $1,000 bonus on their first four deposits + 100 free spins. The bonus itself won't necessarily be the maximum amount offered, but it depends on the players' deposits – if they max their deposits every time, then they will receive the maximum amount.
Casino Cruise specifies that the bonus or any winnings generated from the bonus are locked until the player has met the wagering requirements: The bonus is to be wagered 40 times the bonus amount before the aforementioned funds can be converted to the player's real money balance. This also applies to all free spin winnings.
Non Cashable Bonuses
Non cashable bonuses offered by online casinos are aimed at enlarging players' bank rolls, but the amounts of these are deducted when withdrawing. A good example would be the welcome bonus at Winner Casino: Winner states in bold text that its first deposit bonuses are issued only for wagering purposes and that the bonus funds will be deducted upon a withdrawal request.
Reading the Terms and Conditions - A Must
As shown above, there is a lot to how online casino bonuses work. It is of utmost importance to read the terms and conditions attached to the bonuses at the online casino in which one is interested. Beside for figuring out if the bonus is cashable or non cashable, players are required to check other details including restrictions – especially restricted countries where the bonuses can't be had. Another important thing to note is that some games have different contributions to completing wagering requirements and this is another reason why reading the terms and conditions is an absolute must.