Posted on October 2, 2011 - by Admin
New Cashable All Games Bonus
I finally found a casino bonus that is really worth playing for any type of casino player. Some people don’t like casino bonuses because most of the time the bonuses at casino sites are only used as extra betting chips that can’t be taken out of the casino. This type of bonus is called a sticky bonus because the bonus money stays in your casino account.
It is kind of like the $5 comp chips that you would get when you are visiting a casino hotel. You can bet them at the table and win money, but you can’t actually use them as cash. The only thing you can do is lose them back to the casino.
The problem is that most online casinos say “$500 Free” when they should say “$500 Bonus Chips” and even that can be ambiguous. The bonus is acting like your bankroll. When you get a 200% bonus, you are starting with triple the chips that you normally would. That means you can endure a longer losing streak and still come back with a vengeance and walk away with money instead of busting out.
The key with sticky bonuses is that you need to be a patient bettor. Getting frustrated at losing and betting more to try to make up the bit you lost will catch you 4 out of 5 times. I found a good article that you should read about sticky casino bonus strategy.
Cashable Casino Bonus
Back when online casinos were reaching its height in popularity around 2004, all of the best online casinos were offering monthly cashable casino bonuses. This meant that you could get $50 extra each month as long as you made an equal deposit. There were barely any restrictions and very low wagering requirements. I haven’t seen a good cashable bonus that my visitors can play at in about 2 years.
That is why I am excited to finally find a good cashable casino bonus to share with you. Bovada Casino has created a great software interface with their new casino application. You can read this previous post that has my review of Bovada Casino.
To celebrate the launch of this new casino software, they are offering a one-time $200 cashable bonus when you make a $200 deposit with Bovada!
Simply download Bovada’s casino software, create an account and log in. You will want to click on the Bonuses button on the left side of the screen in the casino lobby. Then, click on the link labeled Casino Code and enter the bonus code CASINO200.
Then, go back to the Bonuses screen and select the Purchase Chips link. Deposit between $25 and $200 and you will be immediately credited with a match on your deposit.
What about the Bonus Rules?
That is what makes this casino bonus better than most. Not only can you play all types of real money online casino games, with a few exceptions, but you also don’t have to bet nearly as much money in order to be able to cash out.
All bonuses have a wagering requirement. This is usually expressed by combining the deposit and bonus money and multiplying that by a certain rollover number. For bonuses that allow “All Games”, the normal rollover should be 50x for table games like blackjack and video poker; and that is for a sticky bonus. Bovada’s cashable bonus has a rollover of 40x for these games!
If you deposit $200, you will start with $400 in your account and you will be required to wager at least $16,000 before you can cash out both your money and the bonus! I know that $16,000 sounds like a lot, but believe me it isn’t. That is like 1600 hands dealt at $10 per hand or 3200 hands at $5 per hand. I can normally average 5 hands per minute. To clear this bonus, it would take my about 5.5 hours at $10 per hand and 11 hours at $5 per hand.
There are some games that will not count towards the wagering requirement: baccarat, craps, roulette, sic bo, casino hold’em. You will almost never find an online casino accept some of these games either. All five in that list have a very low house advantage for players who are experts; that is why you don’t really see bonuses offered for these games. But the main reason that these games restricted almost everywhere is because of bonus abusers that bet on both sides of a 50/50 bet to clear the wagering requirements.