Cashable Casino Bonuses
Cashable casino bonuses are every online blackjack player dream. Sorry, that’s not 100% correct. Cashable bonuses with low wagering requirements on black jack should be every player dream. However, many ignore that “minor” term while choosing the best blackjack bonus.
So what are these cashable bonuses? These are bonuses that can be withdrawn after you complete the wagering requirements. Sounds simple, but if you are new to online gambling, you would be surprised how many bonuses are not like that. Most casino promotions are actually sticky or phantom, which means that you get bonus money to play with, but then when you cash out, it is deducted from your balance. These sticky bonuses might be ok for slots players or if you just wish to extend your play time, but they have terrible effect on your blackjack winning odds.
On the contrary, cashable blackjack bonuses can actually give you an edge over the house, which is quite amazing. We will get more into details below. Meanwhile, here are the best cashable bonuses for blackjack.
Why You Should Avoid Sticky Bonuses?
The best way to explain this is by giving an example. So let’s say that you make a deposit of $500 and get a 100% bonus. In total, you have $1000 to play with. The wagering requirements are 40 times bonus plus deposit, so in total you need to make $40,000 worth of bets – ($500+$500)x40.
So let’s say you play blackjack games with 95.5% odds. No one is perfect so you have a 99% return (and not 99.5%): $40,000 x 99% = $39,600. That means that until you complete the wagering requirements you will lose $400. Of course blackjack is a game of luck and you may end up losing everything or winning thousands, but we are talking about a statistical return.
So, you started with $1000 and ended up with $600. Sounds good, no? Not with a sticky bonus. Now, when you go to cashier to withdraw your winnings, the original bonus of $500 will be deducted and you will end up with $100 only.
What’s So Great About Cashable Casino Bonuses?
Take a look at the last part of the previous example. Under the same terms you will end up with $600, only now, you can withdraw the whole amount. Meaning, that under this bonus you actually have an edge over the house. And not a small one, but of 20%, which is huge.
You may ask how is that possible? Why would any casino give any player such high odds? The reason is that the competition between online blackjack casino sites is fierce, and some of them, usually the good ones, don’t mind “loosing” on your first deposit, as long as you try them out. They are just confident enough that the moment you see how great their casino is, you will become a regular player, so they don’t mind loosing from time to time.
Naturally, these bonuses are hard to find, but there are a few that still offer them. For example, the bonus we used above is real. That is the exact welcome bonus you can get at Bovada and Ignition casino.