The greatest distinguishing factors of online casinos are the bonuses offered. You'll find that many players tend to choose gambling operators with better perks in terms of value. No deposit bonus, for instance, is among the most sought after type of perk for obvious reasons; players are not required to make a deposit to redeem the offer.
However, you ought to keep in mind that casino deals including bonus cash, deposit match, free chips among others come with certain conditions that must be fulfilled. Furthermore, each perk falls under the cashable or non-cashable category. Therefore, it's always wise to read and understand their terms and conditions.
The only way to effectively take advantage of bonus cash offers is to learn as much as possible about them. The first thing you should know is the type of deal you have on the table.
Cashable bonuses are more preferred regardless of being subject to wagering requirements. This is because gamers are allowed to cash out both the profit as well as the bonus amount. For example, if you receive $200 as a cash bonus and earn $100 from the deal; you can actually withdraw $300 just as long as you complete all the wagering requirements.
However, such offers may have a maximum withdrawal limit. If the withdrawal amount is limited to $250 considering the example above, the remaining $50 is forfeited.
In some cases, your bonus cash offer may be non-cashable. It's also known as sticky, which means that it cannot be cashed out. Basically, this amount can only be used to complete the wagering prerequisites. The only amounts players are allowed to cash out are the profits and the initial deposits.
Consider the following example; an initial deposit of $100, a cash deposit offer of $100 and $100 as earnings. Players can access and withdraw $200 - the bonus money is stuck with your casino.
Here, a player receives an award without a corresponding deposit. These are also referred to as free bonuses but are smaller than match-up deals. Remember that different operators give you different amounts to spend on various games.
Top gambling establishments may offer you a certain amount of no deposit cash as part of a welcome package. The main aim is to allow you as a new player to try out different games without risking your bankroll. If you decide to stay, you can withdraw your winnings after fulfilling the offer's conditions.
As indicated in the name, you're required to make a friendly deposit before redeeming the associated perk. Sometimes, called match bonuses, they're normally presented as a percentage of your investment. The operator also specifies the minimum amount that you have to invest to qualify for the deal. Typically, a game site will give you up to 100% of your total deposit. That means when you invest $100, you'll get an extra $100 as a promo.
Note that different games contribute differently towards completing bonus cash wagering requirements, which is clearly indicated in the terms and conditions.