A cashable casino bonus is, by definition, one that can be redeemed by the recipient by way of a cash withdrawal.
Just like any other type of bonus, this cashable bonus for the casino players.
There are several reasons as to why casinos offer bonuses to players. Those include:
1. The desire to attract new players: more people are likely to be inclined to become members of a casino that is known to give bonuses.
In other words, the casinos with a reputation for giving bonuses frequently tend to have many more members than those with a reputation for being 'miserly.'
The casino owners are, of course, aware of this reality. Subsequently, they are inclined to offer their members bonuses - including the cashable bonuses - from time to time.
That way, they solidify their reputations as 'generous' casinos, which in turn helps them in attracting even more patrons.
2. The desire to retain player: players casino are likely to be attracted to casinos that offer them new bonuses.
Awake to this fact, the owners of casinos keen on retaining their members keep on offering them bonuses from time to time.
In this way, they succeed in depriving the lucky beneficiary patrons of any motivation to move onto other competitors' casinos.
Types of cashable casino bonuses
Cashable casino bonuses fall into two broad categories, namely:
1. Ordinary cashable casino bonuses: these are cashable casino bonuses availed to casino patrons upon depositing some funds into their accounts.
These are popular with online casinos, which typically operate under a system where members have to first of all deposit funds into virtual accounts, before they can start betting.
What normally happens under this scheme is that the members who deposit funds are given tokens known as cashable casino bonus codes.
They are then required to enter the codes at some other (later) stage, in order to have the bonus funds deposited into their accounts as well.
The casino managers typically organize the system in that manner so as to make their patrons aware of the fact that they are actually benefiting from bonuses. In the absence of these cashable bonus codes, the people benefiting from the bonuses may not notice the increase in their funds. That would lead to a situation where the bonus offers turn out to be more or less meaningless.
2. No deposit cashable casino bonuses: these are given out by players to all who meet certain criteria from time to time.
The distinction here is in the fact that the beneficiaries of these bonuses don't have to deposit any funds into their accounts to get the bonuses.
The bonuses are applied in a 'blanket' manner.
Some are actually offered to newly registered patrons (well before they deposit any funds into the accounts).
Of course, we do have to mention that the chances of coming across a cashable casino no deposit bonus deal are quite low.
This is understandable, because many casino management teams view the award of such cashable casino no deposit bonus deals as acts of 'dishing out money.'