Playing online casino games without incurring any risk is next to impossible unless you practice in demo mode or opt in for promotional incentives that do not require you to process a deposit. While practice play with free credits cannot earn you any real money, some casino bonuses can boost your balance provided that their terms and conditions are player-friendly enough.
One tricky term to beware of is the maximum cap many casinos impose on bonus-related winnings. This condition effectively restricts the maximum amount of cash you can withdraw from your bonuses, reducing the value you can extract from free play. The following article discusses maximum bonus cashouts, why they exist, and where to find promotions without such restrictions.
Types of Online Casino Bonuses With Maximum Winning Caps
If a gaming site imposes a $1,000 cap on the maximum withdrawable winnings from a bonus but a player happens to win $10,000 on a lucky spin of the reels, the casino will pay only 10% of their bonus winnings. Gambling businesses usually impose such caps on promotional offers that do not require players to fund their accounts with real-money deposits. The two most commonly available promotions of this type are the no deposit bonus and the free spins bonus.
Terms and Conditions - The Caveat of Online Casino Bonuses
Terms and conditions are a standard addition to all giveaways and casino bonuses are no exception. Sometimes said terms are so confusing that even experienced players might get a bit lost when perusing through them.
Even if the casino bonus you are eyeing has no restrictions on the maximum cashable winnings, reading the attached terms is an absolute must. Violating a promotional rule will most likely result in the confiscation of your bonus credits and any associated profits. Here are several common catches you have to beware of when redeeming online casino bonuses.
2Minimum Deposit Requirements
Minimum deposit requirements are often imposed on offers that require you to transfer money to your balance when opting in for the respective bonus. If you deposit less than the specified amount, the casino will not credit the bonus funds or free spins to your account.
Wagering requirements are attached to almost every casino promotion and are among the most important terms to watch out for. At most gambling sites, your balance is divided into bonus credits and real money. When this is the case, the casino will originally credit the bonus to your bonus balance where it remains locked.
To convert it into actual cash and transfer it to your real-money balance, you must play it through the designated number of times. For instance, let’s assume the wagering requirement for a free spins promotion is 20x. You win $20 with your free spins so you have to wager 20 x $20 = $400 to release the profits from your bonus balance.
4Maximum Bet Restrictions
Maximum bet restrictions are often in place when one bets with bonus credits. Casinos impose them as a form of damage control to prevent players from winning massive amounts risk-free. Low-risk betting and hedging are also commonly against the rules. Players who exceed the maximum bet allowed have their bonuses voided – a widespread penalty for violating the promotional terms.
Game restrictions are another thing you must double-check. More often than not, games with very low house edges are not eligible for participation in casino promotions or have lower contributions toward the wagering requirements. Some casinos completely exclude games like baccarat or blackjack from bonus participation and wagering. In the same vein, free spins are often available for use on one or more qualifying slots. Many casinos altogether exclude slots with progressive jackpots from bonus play. You should keep your eyes peeled for all these little details unless you want your bonus voided.
6One Bonus Per Account
One bonus per player, account, and household is a common rule at most online casinos. Customers can opt in for certain promotions no more than once. Creating multiple accounts to redeem the same bonus several times will more likely than not get you permanently banned from the casino.
7Players Have a Limited Time to Use Their Bonuses
Players have a limited time to use their bonuses and clear the attached wagering. All promotions come with time restrictions but the exact time you have to put your bonus to good use depends on where you play. Some gambling operators give players a month while others void their bonuses one week after redemption. As a rule of thumb, the smaller the bonus, the less time you have to use and wager it.
We cannot emphasize enough the importance of carefully reading all promotional terms in advance. A combination of steep wagering requirements, short expiration times, lots of game restrictions, and a low cap on the withdrawable winnings can turn a seemingly great bonus into a useless offer with little to no value for players.
Why Do Online Casinos Impose Caps on Bonus Winnings
The reason why online gambling operators enforce caps on the maximum winnings players can cash out from their bonuses is quite obvious. They use these caps as a form of damage control to prevent bonus play from affecting their overall profitability. Some bonuses, especially those that do not require any real-money deposits, enable players to win some cash with zero risk for their bankrolls involved.
As good as it sounds, online casinos are like all other businesses, and turning a profit is their primary purpose. Allowing players to withdraw all their free-play winnings straight away could affect the operators’ deadline and cause them to lose money. Customers would simply redeem the free cash, play with it, and withdraw whatever they have won, without returning to wager any real money again.
No Maximum Cashout Casinos and Their Advantages
1Advantage #1 - No Maximum Caps on Bonus Winnings
Most casinos give players money to use but there are some that give them money to keep. Such gambling sites are rarer than hen’s teeth but they still do exist. “Fair” is the word that best describes them as they tend to offer cashable bonuses without maximum caps on bonus cashouts or wagering requirements.
2Advantage #2 - Bonus winnings are paid in cash
At no maximum cashout casinos, players get to keep whatever they have won from their bonuses. Furthermore, all bonus-associated profits are paid in cash rather than being locked into players’ bonus balance. It is not uncommon for such gaming sites to altogether lift the wagering requirements on their bonuses. Even if you have to wager your bonus, the playthrough is low and does not take away much from the offer’s value.
3Advantage #3 - No sneaky terms and conditions
At such casinos, there are usually no sneaky terms and conditions to devalue your bonus play. Customers can withdraw as much or as little as they like without any restrictions on the maximum bonus wins. The bonus winnings are yours to keep and you can use them however you like. You can win $100, $500, $1,000, or more – the sky’s the limit at no maximum cashout casinos.
4Advantage #4 - Players have the opportunity to win big at no risk
The absence of maximum cashout caps is highly advantageous to players. After all, most of us gamble for the opportunity to win big. By capping the winnings players can withdraw, online casinos practically deny them this opportunity during bonus play. Imagine how you would feel when you finally score a massive win only to have most of your profits voided by the casino. We think the word “disappointed” is not quite strong enough in one such situation.
Where Can You Claim Bonuses with No Cashout Caps?
Casinos without maximum caps on bonus winnings are hard to come by as few gambling operators are willing to offer such player-friendly promotional terms. There are hundreds of gaming sites online but few are generous enough to dish out such appetizing bonus opportunities to their customers.
Luckily for you, we have scoured the internet, vetting dozens of gaming sites to find the ones that impose no restrictions on the maximums you can cash out from free play. All you win is yours to keep as long as you comply with the other terms and conditions. Check out the six recommendations below to see which one suits your individual preferences.