Online casinos offer players generous bonuses to encourage them to come play there. All the bonuses offered by online casinos fall in one of two categories: cashable casino bonuses and sticky casino bonuses. Both types of casino bonuses have their pros and cons, but players usually prefer cashable casino bonuses over sticky bonuses.
Sticky casino bonuses are those that don't allow players to withdraw the bonus amount awarded even after winning. Such bonuses are typically activated after making a deposit, but when the player decides to cash out the winnings, the bonus is deducted from his/her account.
Cashable casino bonuses are credits that consist of cash, free spins, or both. The bonus amount received can be withdrawn after meeting the wagering requirement. Such bonuses are usually the best option for players, but online casinos are increasingly switching over to sticky casino bonuses.
The key difference between a sticky bonus and a cashable casino bonus, as briefly mentioned above is the following: Players can cash out a cashable bonus if they are fortunate enough to make winnings with it. A sticky bonus, however, functions as extra credit on a player's account. A sticky bonus can be used to play for real winnings, but any winning made have to remain on the player's online casino balance.
Players are often able to claim both sticky and cashable bonuses as a welcome bonus or free spins but they are also available as a reload bonus for active players. Claiming both types of bonuses allows players to try out new games or take on more risks than usual. It is also possible to withdraw winnings associated with sticky bonuses on certain occasions. Still, the bonus received is usually deducted from the amount being cashed out.
Depending on the size of the bonus offered and the amount the player seeks to cash out, it could be worth it to claim both types of bonuses. However, players keen on withdrawing any winnings generated by the bonus should definitely go for cashable bonuses. With a cashable casino bonus, players are free to withdraw their winning after fulfilling the wagering requirements as well as any other terms and conditions set by the casino.
Cashable casino bonuses work essentially the same as other kinds of casino bonuses and may come in various forms.
Cashable bonuses can be claimed either as free spins or as a welcome bonus on a first deposit at a casino after registering a new account. Casinos may also offer players very generous cashable bonuses without the need for a deposit. Casinos also offer players cashable bonuses on a regular basis, which means that existing casino players can claim cashable bonuses too whenever online casinos run promotions.
If a player accepts cashable bonus funds or free spins and makes a deposit to his/her casino account, the bonus cash or free spins will be credited instantly. Depending on the type of bonus claimed, players may receive the entire bonus at one or it may be credited to his/her casino account in installments. That usually happens if the cashable bonus comprises of many bonus free spins that are typically received in instalments over the course of several days.
Cashable casino bonuses are of several different types, including:
Cashable Welcome/Match Deposit Bonus
A cashable welcome or match deposit bonus is typically awarded to a new player once he/she registers an account at an online casino. A welcome bonus typically consists of extra credit that's received as a percentage on top of the first deposit made at an online casino account. The standard bonus percentage is 100% up to $/£/100. Still, casinos offer cashable match deposit bonuses of different percentages and maximum bonus amounts. A welcome bonus may also consist of free spins, which is explained in greater detail below.
Cashable Free Spins Bonus
A cashable free spins bonus is another type of welcome bonus offered by online casinos.
The free spins bonus is typically provided to new players that register at an online casino for the first time. It is also sometimes awarded to already existing members of a casino either as part of a special monthly deal or a form of loyalty bonus.
The free spins bonus can only be wagered on select slot games. A player who receives the free spins bonus can spins the reels of the slot game or games in question to potentially win real money. However, winnings from free spins are usually capped.
Cashable No Deposit Bonus
Cashable no deposit bonuses are incredibly rare but are the best option for players. With a cashable no deposit bonus, the player receives free credit without the need to make a deposit. Besides receiving free credit without the need to make a deposit, players can actually withdraw any winnings associated with the no deposit bonus as long as they have fulfilled the wagering requirements. It should be now clear why cashable no deposit bonuses are such a rarity. In reality, however, most cashable no deposit bonuses either have low withdrawal limits or are sticky.
All bonuses, either sticky or cashable, come with certain terms and conditions. The terms and conditions attached to cashable casino bonuses are discussed in greater detail below.
All bonuses offered by casinos have terms and conditions attached and cashable bonuses are not an exception. Wagering requirements must be fulfilled before cashable casino bonuses can be withdrawn. The wagering requirements are one of the most important aspects of the cashable bonus since they tell players how many times the bonus amount must be wagered before the bonus itself and any associated winnings can be withdrawn.
The wagering requirements typically range from 10x to 50x the bonus amount, but 30x is the industry average. Players need to read the casino's terms and conditions carefully to find out whether the wagering requirements apply only to the bonus amount or the deposit amount too. Wagering requirements that apply only to the bonus amount are preferable since it is easier for players to fulfill them and cash out.
Casinos usually have restrictions on the types of games that can be played until the wagering requirements of the cashable casino bonuses (i.e. welcome, free spins, no deposit) have been fulfilled. Players need to note that individual casinos usually have their own specific terms and conditions regarding games eligibility.
Slots usually contribute 100% while table games such as blackjack and roulette may only contribute about 10% or even nothing. That's why it is so important for players to take a quick look over their casino's specific rules and policies to find out which games are allowed for play before claiming a cashable casino bonus.
Online casinos offer their services throughout the world, but some countries might restrict their operations due to their gambling laws and other regulations. Casino operations that may be restricted to players in certain countries is bonus availability.
Players seeking to claim cashable casino bonuses should first check whether their country is whitelisted i.e. whether citizens of that country are allowed to play at that specific casino and claim the bonus. Some casinos offer some types of cashable bonuses only to the residents of specific countries, which means that even though a player is allowed to play at that casino, he/she cannot claim the bonuses offered.
The payment method used to make a deposit can determine whether or not players are eligible for certain cashable casino bonuses. Some casinos offer players special bonuses and encourage them to use specific deposit options such as MasterCard, Visa, or PayPal to get the casino's best bonuses. Similarly, casinos may also have payment method restrictions that prevent players from claiming bonuses after making a deposit with e-wallets such as Neteller or Skrill.
Online casinos often include terms related to the size of bets that players can place with the cashable bonus funds. Players are often not allowed to place bets exceeding a certain amount with the bonus funds. The limitations are usually expressed as a percentage of the cashable casino bonus amount. Players that place bets that exceed the limitations risk forfeiting the bonus since the casino will claim that the player has wagered too much in his/her attempt at fulfilling the wagering requirements.
Online casinos usually impose a limit on how long players have to claim cashable bonuses. For instance, the bonus offer may expire 3 or 7 days after registering an account. Most online casinos also limit the time that players have to fulfil the wagering requirements. Players that don't fulfil the wagering requirements within the allocated time forfeit the bonus funds along with any associated winnings.
Cashable casino bonuses are of great importance to every gambler looking to play and have fun in online casinos. The different cashable bonuses (i.e. welcome, free spins, and no deposit) are actually free money/credit that players get simply for playing in a certain casino.
Players that understand the different types of cashable casino bonuses and how they work can start looking into what different online casinos in their country have to offer and try to find the cashable bonuses that suits them best.
It is important for players to make sure that they check the terms and conditions to be sure that they can use any claimed cashable bonuses on the games that they truly enjoy playing to avoid disappointments.