Want to know more about no max cashout casino bonus? Check out this article and find more about the best casino bonuses you should be looking for!
One of the most common, yet most confusing things about playing at online casinos is bonus offers. Every casino offers some type of bonus and it can seem like every one of them has different terms and conditions in place for how those bonuses work.
One has to read everything very carefully before deciding to deposit funds to participate in any kind of bonus offer. Missteps and misunderstandings can lead to the loss of significant amounts of money if you’re not sure what you’re doing.
The bonus name is self explanatory: no max cashout casino bonuses are those promotions you can redeem that won’t limit the amount you can cash out from them. Of course, this is after fulfilling all wagering requirements. As you can imagine, they are not abundant and you really need to look into the promotion terms and conditions to make sure that the bonus is cashable and also has no limits on how much you can withdraw from it. Usually, deposit or match bonuses have no max cashout, but if the promotion also includes free spins, they will have more limitations.
Stay with me while we go over different types of bonuses – with no max cashout – and the best online casinos where you can find them.
Even when you do everything right, however, it can still be difficult to understand which types of bonuses are going to give you the most value for your money and your bets:
- Many casinos give you money to use.
- Others offer you money to keep.
- Some can be cashed out, some can’t, and most have some sort of wagering requirement that must be met.
Making matters worse, you’ll find that not all casinos use the same term for the same type of bonus.
With everything out there, though, there is one clear winner when it comes to which online casino bonus is going to give you the most value for your money. What you should be looking for is a casino that offers a cashable bonus with no maximum cashout limit on the bonus.
The problem here is that, first, not all casinos offer this type of bonus and, second, you probably won’t see the terms “cashable” or “no maximum cashout” advertised prominently even at the casinos that do offer these bonuses. In reality, since the majority of casinos don’t offer these types of bonuses, it’s easier to learn what to avoid than what to look for.
So, we’ll intend to provide a quick guide on the various types of online casino bonuses, the terms used to describe many of them, and a brief overview of how they work. In the end, when you know what bonuses you’re not looking for, you’ll be able to easily see which bonuses are the ones that are worth the energy of taking out your wallet.
Wager And No Wager Bonuses
We’ll start with the concept of bonuses that do or do not have wagering requirement. If wagering requirements exist, they can be imposed on and combined with any type of bonus, so it’s important that you understand what the term means and how these requirements affect your ability to collect that extra money.
When a bonus has a wagering requirement, this means that the player must wager the amount of the bonus a certain number of times in order to release it. It is fairly common to see all kinds of bonuses that have 20 times, 30 times, or even higher wagering requirements.
So, for example, let’s say you are offered a £/$/€ 100 bonus with a 20 times wagering requirement. This means that in order to collect your £/$/€ 100 bonus, you would first have to make wagers equal to £/$/€ 2000 (20 x 100 = 2,000).
Some casinos may have a wagering requirement on the bonus amount. Some may include the amount of the deposit that triggered the bonus in the wagering amount as well. For example, if you deposit £/$/€ 100 and get a £/$/€ 100 bonus, you may have to wager £/$/€ 200 x 20 to collect. Always read the terms carefully.
A no wager bonus, as you might have guessed, does not have a wagering requirement. There may be other terms that determine how the bonus can be used or cashed out, but there will be no wagering requirement to collect the bonus. This type of bonus is not seen in many online casinos, but they are out there. One of the few examples of this type of gambling sites is Play OJO casino, that offers few bonuses, but all of them are yours to keep, 100% wager free.
Online Casino No Deposit Bonuses
This type of bonus is really self-explanatory. The way no deposit casino bonuses work, however, is not always so straightforward.
A casino that offers a no deposit bonus often requires the player to simply open a free account in order to claim the bonus. These bonuses can take the form of a monetary amount that can be played on any of the casino’s games, a monetary amount restricted to play on certain games, or perhaps just a certain number of free spins on one or more slots.
Actually collecting on a no deposit bonus will often take a bit more effort. There are often wagering requirements on any winnings that come as a result of the bonus, and the player will most likely be required to make a small deposit and/or provide documentation before any withdrawal can be made.
Online Casino Deposit Match Bonuses
Deposit match bonuses are pretty much what they sound like. When the player makes a deposit, the casino will match all or part of that deposit with a bonus. This type of bonus is probably most often seen as a welcome or signup bonus, but many casinos also offer match bonuses to returning players when they reload their accounts.
Again, it’s important to read all terms carefully with match bonuses. All match bonuses will have an upper limit. Some casinos might match your deposit up to £/$/€ 100, for example, while others might go up to £/$/€ 500 or more.
It’s also important to pay attention to the percentages, especially on welcome offers. Some bonus schemes will match your deposit 100% up to the limit, while others will only match 50%. Welcome offers are often broken into two or more deposits where the first receives a 100% match and the second is only 75% or 50%. Make sure you know how much you’ll need to deposit to take full advantage of the bonus (and if it’s worth depositing that much).
Online Casino Sticky (Non-Cashable) Bonuses
One of the most confusing concepts for most players is the difference between cashable and non-cashable bonuses. Non-cashable bonuses are often referred to as sticky bonuses. Casinos that employ this type of bonus often advertise very generous offers. It’s common to see deposit match bonuses of up to several thousand Pounds/Euros, or 2x or 3x deposit bonuses.
With a non-cashable bonus, the player is not allowed to withdraw the bonus amount. The bonus is given as money that can only be used to play at the casino. (Think of it kind of like getting store credit when you open a credit card account somewhere.) There are often wagering requirements that must first be met, then, when completed, the player will be allowed to withdraw any winnings that exceed the initial bonus amount and that initial amount will be deducted from the player’s account balance.
To make it short and simple: The casino will loan you £/$/€ 500 and let you play for a while. When it’s all over, they’re going to take back their £/$/€ 500 and if you’ve won anything you can keep that.
No Maximum Cashout Bonuses
Somewhat like the wager/no wager concept, maximum cashouts can be imposed on any type of bonus. A maximum cashout limit can make a good looking bonus offer go bad faster than a speeding ticket.
A maximum cashout limit on a bonus is just what it sounds like. The casino puts a limit on the amount of money you can actually cash out from any winnings that you accrue while playing with bonus money. It is, in effect, putting a cap on how much you can win. So if, for example, your casino has a maximum cashout of £/$/€ 1,000 on the bonus you are pursuing and you happen to win £/$/€ 10,000 on a lucky spin of the slots, you’re not going to get paid 90% of your winnings.
Again, it can’t be said enough, always read the terms of a bonus very carefully. A combination of high wagering requirements, a non-cashable bonus, and a maximum cashout limit can make a seemingly extremely generous bonus offer absolutely worthless.
What Are The Best Online Casino Bonuses?
So where does all of this leave us? Well, as we said above, if we weed out the things we want to avoid, that will leave us with the bonus offers that are truly worth our attention. To get the most value from a bonus offer at any casino, one wants to try to meet as many of the following requirements as possible:
- 100% deposit match .
- No wagering requirements.
- Cashable bonus.
- No maximum cashout limit.
Perhaps the most important of these criteria is that you want to make sure there is no maximum cashout limit on your bonus. We all play, after all, for the chance to win big. A maximum cashout limit is nothing more than a guarantee that you can’t win big as long as you’re playing with that bonus. What would you do if you finally hit the big one and the bonus terms nullified your win? Somehow I think the word “unhappy” just wouldn’t cover it.