- Is the offer mutually exclusive with any others? Typically, you can only use one bonus code at a time. Sometimes, you may have more than one to choose from. In those cases, you’ll have to work out which one is most favorable to you based on how you plan on using the casino.
In most cases, this is not possible. Online casinos provide no deposit offers to entice you to play, so they typically have rules in place to prevent you from just taking the money and running.
Usually, the way this works it that you’ll have a bonus account and a cash account. Your cash account balance is always available for withdrawal and any winnings received by wagering cash are added to the cash account.
Your bonus account is available to wager with but not to withdraw. Winnings from bonus account wagers might be paid out in cash or additional bonus funds, depending on the site’s terms and conditions.
There will be rules about how to convert bonus money to cash. Usually this is a matter of wagering a certain multiple of the bonus amount.
Example: Golden Nugget Online Casino
Golden Nugget in New Jersey has a pretty typical bonus offer. You’ll get $10 free when you sign up, but you only have 15 days to clear it, otherwise the bonus and any winnings from the bonus will go up in smoke.
Golden Nugget’s clearance requirements are on the heavy side. For slots visa casino sites, the rate is $20 wagered per $1 bonus. For other games, it’s a whopping $100 wagered per $1 bonus.
In other words, if you play slots exclusively, you’ll need to bet a total of $200 before that $10 and any winnings from it become yours to keep. Play roulette or blackjack, and that becomes $1000.
You can also mix and match, however. Continue reading “Can I cash out a no deposit bonus immediately?”