Online Casino Glossary
If you are looking for an online casino to play with, you must have viewed tens of casino reviews so you can find the casino to play at. While you are viewing all of these reviews, you will come across certain terms that are used to describe some aspects of the casino. These terms can be quite hard to understand, especially for new players. Here are some of these terms and their explanation:
– Cashable Bonus:
A Cashable bonus is a bonus that players can cash after they fulfill the betting requirements that comes attached to the bonus that can be found at the terms & conditions page of the bonus. As for a non-cashable bonus, it is a bonus where players can only cash the winnings that they have earned but the amount of the bonus itself can’t be cashed.
– Match Bonus:
A match bonus is the most common form of welcome bonuses. In such bonuses, the casino will match the first deposit of the player with a certain percentage. Most welcome bonuses are usually 100%, which means that the casino will match the entire deposit so players will be able to play with double the amount that they deposited. So a 400% match bonus will match the bonus 4x times so players will play with 5x times the amount that they deposited.
– Max Bonus:
Max bonus is the maximum amount of money that players can earn through a specific bonus. So for example, if a match bonus is a 100% match bonus and it has a maximum of $100. It means that players who make a $100 deposit will get $100 in bonus credit so they will have a total of $200 to play with. On the other hand, if they make a deposit of $200, they will only get $100 in bonus credit so they will have a total of $300.
– Play With Money:
It is the amount of money that you will be able to play with at the casino. So if you make a deposit and you earn a bonus, the total amount of the bonus and the deposit is the money you will play with, it is the “Play With Money”.
– Wagering Requirements:
The bonuses that players can claim at any online casino come with wagering requirements. These requirements have to be fulfilled by online players before they can ask for a withdrawal. At any time before fulfilling the requirements, if players ask for a withdrawal, they will forfeit all of their bonus credit. These wagering requirements will require players to wager the bonus or the deposit or both a minimum number of times. So if a wagering requirement is 10x, it means that players will have to gamble with the bonus a minimum of ten times before making any withdrawals.
– Payout Percentage:
Some slot machines have a payout percentage. The highest the payout percentage, the lower the house advantage, which means that it is better for players. There is also the overall payout percentage of a casino, which is monitored and audited by auditing firms.
– No Deposit Bonuses:
No deposit bonuses are bonuses that players can claim by simply signing up. They will not have to make a deposit in order to claim the bonus but on the other hand, they will need to make a deposit in order to make a withdrawal.