What is a Parachute Bonus?
A Parachute Bonus, which is often called a non-sticky or a life-line bonus is a term used for a casino bonus in which your deposit funds are not tied with your bonus funds
If bonus funds are reached the casino requires you to wager the bonus funds a certain amount of times. However, often, but not always when playing with real funds this will count towards the wagering requirements. Always check the terms to see if this is the case.
What does this mean?
In practice this means that when you deposit into a casino and accept this type of bonus you can sometimes get double the amount you deposited.
Using an example offer of "Welcome bonus of 100% deposit match up to £100". If you deposit £100 you will receive £100 bonus funds.
This type of offer always used cash first, however this means that if you hit a big win, or achieve a balance you want to withdraw you are able to do so.
Welcome Bonus of 100% match up to £100 plus 20 spins on the amazing Book of Dead on your first 4 deposits
New players. 100% up to £300 + 30 spins on book of dead. £5 min. wager to activate deposit spins – expire 3 days from claiming. 35X wagering before bonus or winnings can be withdrawn. £5 max. stake using bonus. Skrill, Neteller deposits excluded from offer. Eligibility restrictions apply. Full T&Cs apply.
First Deposit Bonus: A first deposit bonus gives new players to the casino extra funds in the form of bonus funds to play at the casino, on their first initial deposit. These are often bonuses matches on the players deposit. Different casinos have different offers, however they often range between 50% deposit match, and a 200% deposit match. To withdraw the bonus funds a player will need to wager the bonus a certain amount of times.
No Deposit Bonus: As you could have guessed a No Deposit Casino Bonus is a bonus in which the player does not need to deposit any funds to receive the bonus. The bonuses will vary from casino to casino, often in the form of Free Spins, Bonus Funds or Free Bets. To be able to withdraw these funds the player will need to wager the funds (or winnings from free spins) a certain amount of times. Often with these types of casino bonuses the amount you can withdraw from winnings will be capped.
Wagering Requirements: Wagering Requirements are the amount of times funds need to be gambled in order for the player to be able to withdraw the funds. These wagering requirements vary between different casinos, and often vary between the casinos offers. Sometimes funds will need to be wagered 2x, and sometimes the funds will need to be wagered 40x. Whilst some casino offers don't require you to wager any winnings received from free spins
Always read the terms and conditions as sometimes casinos state that the bonus and deposit will need to be wagered a certain amount of times, whilst other casinos only the bonus will need to be wagered.
Parachute Bonus: Parachute bonuses, which are sometimes called "Non-Sticky Bonuses" or "Life-line Bonuses" is a bonus in which the player will get extra funds to play at the casino in the form of bonus funds. With Parachute Bonuses the players real funds are used first before the bonus funds are used. This means that if a player doubles their money from their initial £100 deposit to a £200 balance, before the bonus funds are touched the player will be able to withdraw their funds. However, if a player hits the bonus funds this is when the funds will need to be wagered a certain amount of times before they can withdraw, hence the term "Life-line bonus". Often when playing with real funds this will contribute to the wagering requirements.
Parachute Bonuses in Practice: Lets say a casino offers a player a 100% deposit match bonus up to £100 with 20x wagering requirements. This means that if a player deposits £100 they will receive £100 in bonus funds. As with parachute bonuses, real funds are used first. However, if bonus funds are used the player is able to withdraw their funds. For example, with this casino bonus, if a player was to deposit £100 they will have £200 in total (£100 real funds and £100 bonus funds), if the player was to hit a big win of £1000 (for example) within the first £100 then the player would now have a total of £1,200. As they haven't touched their bonus funds they will be able to withdraw this, minus the £100 bonus funds.
However, if the player hits the deposits funds of £100 the player would then need to wager this 20x in order to make a withdrawal. This means the player will need to wager a total of £2,000 in order to make a withdrawal. Remember that often real fund players count towards wagering requirements.