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All About Second Chance Bonuses

All About Second Chance Bonuses and Why They Rock

Have you heard about second chance bonuses? Chances are (pun not intended!) you’ve come across them, but perhaps not under that name. What if we told you they’re casino bonuses where the real balance and bonus balances are segregated and treated separately? Would that be something you’re interested in? Well, if so, stick around for a bit because we’re going to talk about exactly those kinds of bonuses. You’ll even learn where you can find ‘em!

The Casino Bonuses We’re Used To

We’ll all agree that nowadays – especially compared to several years ago – there’s truly a surplus of diverse casino bonuses. For one, these offers come in all shapes and sizes. Two, you can use them on a vast number of online slots (or they’ll clearly state which slots they’re to be used on) and three, almost every online casino has an ample selection of anything from welcome bonuses and welcome packages to match deposit bonuses, refer-a-friend deals and more. 

Real and Bonus Funds Joint Together

What all these bonuses typically have in common, however, is the way the funds are deducted and credited during gameplay. This is usually done in such a way that both your real money and bonus money are combined to create one joint balance which is then subject to wagering requirements. 

What that then means is that you can’t withdraw your winnings until you’ve adhered to the bonus’s playthrough requirements and the bonus condition is settled and usually, prior to competing the wagering requirements, the deposited money is the maximum that can be withdrawn.

Second Chance Bonuses

Still, there is a different model – the segregated bonus model or, as we referred to it at the beginning of this blog, the second chance bonuses. Here your real money and winnings remain in your real money balance, while your bonus balance is the only part that is subjected to the wagering requirements. 

With second chance bonuses real money and winnings remain in your real money balance, while your bonus balance is the only part that is subjected to the wagering requirements.

What does that mean in a nutshell? This is what: you bet with real funds, your winnings are real. You wager with bonus funds, you have to complete the playthrough requirement. This, quite simply, gives you freedom to choose what to do with your money. You can choose to continue playing with your real money or to say, “I’m fine, thanks” and withdraw the balance, usually forfeiting the unexploited bonus balance while doing so.

What’s more, if luck isn’t on your side, you now have a second chance at winning (hence the name!) – that’s right, the second part of the funds that you only need now.

Ready for Your Second Chance?

If you feel like second chance bonuses are definitely something you’d like to try your hand at, here are the two online casinos we know issue these kind of deals: BETAT Casino and Slotty Vegas Casino. Have fun trying them out, good luck and do tell us at our forum how it went!

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