Casino bonuses carry a multitude of terms and conditions that vary from site to site, which can make them tough to understand because of the different terminology they use. For instance, sticky and cashable bonuses can cause great confusion – fortunately, you can use this guide for clarity. First, though, here are some great bonus deals to consider.
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Defining a Sticky Bonus
Sticky casino bonuses are used to described funds that cannot ever be withdrawn. For instance, let’s say that a player deposits £10 in exchange for a £10 match bonus. The player then goes on to increase their £20 bankroll to £25. If they choose to withdraw, the casino will give the player £15 and leave the £10 bonus in their account.
By leaving the £10, it is defined as a sticky bonus because it remains with the player. However, it would be defined as a phantom bonus if the casino were to remove the funds when the player made the withdrawal, thus earning the term of phantom.
Type I or Type II?
Terms like sticky and phantom are not used by every online casino in their terms and conditions. If you cannot find these, you might encounter sticky type I or sticky type II bonuses in the terms. For reference, type I is for phantom and type II is for sticky. In addition, you might see a bonus being described as “for wagering only”.
Defining a Cashable Bonus
By contrast, cashable casino bonuses are much easier to understand. From the name alone, it’s clear that the bonus funds can be converted to cash. Before this happens, though, players will have to meet the wagering requirements of their online casino. Basically, this is to ensure criminals are unable to use bonus offers for money laundering.
For clarification, wagering requirements dictate how many times bonus funds must be played through before they are treated as cash. As an example, a casino might impose 40x requirements, which means a £10 bonus would have to be played to a value of £400.
But players always need to check the terms and conditions because some casinos will also include deposits alongside bonus funds in the wagering requirements. For instance, a casino might quote 20x requirements but these effectively become 40x if also applied to the deposit value.
A final point of caution is to check to see if requirements are applied to winnings. In some welcome offers, a casino will apply them to winnings alongside the cashable bonus funds. Always make sure to check the terms and conditions and stay aware of how the deal works.
How They Compare
After considering how each bonus functions, it is worth comparing the pros and cons to understand why some players favour one over the other.
The advantage of these bonuses is that players don’t have to be quite so concerned with wagering requirements, while also getting to retain the funds after making a withdrawal. However, the negative is that a phantom bonus will mean giving up the funds after withdrawing winnings.
With cashable bonuses, these are superb for patient players who can commit to gradually clearing their wagering requirements before eventually ending up with cash. That being said, these can be frustrating when a casino treats players’ deposits as bonus funds.
All things considered, each player will favour a type of bonus based on their personal preference. Ultimately, cashable bonuses are not ideal for players who want to clear wagering requirements quickly.