What is a Cashable Casino Bonus?
Cashable casino bonuses are traditionally the most common sort of casino bonuses available. They are bonuses that can be cashed out after you have fulfilled the wagering requirement of the bonus. For example, a casino may offer a 100% match deposit bonus up to $100 with a wagering requirement of 20 times the bonus amount or $2,000. This means that you will have to spend $2,000 at the casino before you can cash out the $100 bonus amount. As more people are becoming labeled as bonus abusers, many casinos are moving away from the cashable bonus type to non-cashable or sticky bonuses.
Advantages of Cashable Casino Bonuses
Cashable bonuses are essentially free money that the casino gives you with which to play. If you play wisely, you can use this money to increase you bankroll and give you more opportunities to win. The aim of cashable bonuses is to try to make the money last for as long as possible. Accepting a cashable bonus is not an advantage if you are going to play unwisely and end up spending more money than you had planned and walking away with a loss. The nature of cashable bonuses favors small betting amounts which is ideal for new players or players with a small bankroll.
Disadvantages of Cashable Casino Bonuses
Cashable bonuses often restrict your play on certain casino games. This means that if you wager on certain games, the amount that you wager may not count towards your wagering requirement total. Commonly, you will find restrictions on baccarat, roulette, craps and sic bo. These games are excluded as players can bet on both winning and losing outcomes in one game, for example you can bet on red and black in roulette. Blackjack and video poker are also often excluded as they have low house edges and reasonable variance.
Wagering your Cashable Casino Bonus
Always make sure to read the wagering conditions carefully before you accept a bonus so that you fully understand the requirements before you begin to play. The most advantageous games to play when you are wagering your cashable bonus are blackjack, jacks or better video poker, Texas hold'em or casino hold'em if they are available. These games show a high average gain when betting with a $100 bonus with a 20 times wagering restriction and they have a reasonably high variance. You can reduce your bet size in order to minimize the variance. If these four games are not available, 3 card poker, ante and play is a good choice.
Bet Size
The size of the bet that you place when you are wagering your cashable bonus needs to be a balance between the time you are spending and the risk you are taking. By betting small amounts you reduce the risk of busting before you meet the wagering requirements. On the other hand, by betting small amounts you increase the number of hands that you have to play and therefore the amount of time that you need to spend playing in order to meet the wagering requirements.
