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Bonus funds are basically like playing with house money. You make wagers as you would normally, but instead of putting your own money on the line you draw on the bonus amount.
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Though it sounds like something you'd hear at an online casino, this is actually a term used for a common type of bonus in professional sports contracts and has nothing to do with gambling.
If you see it pop up in search results for gambling sites, those sites are likely a scam attempt created by people who don't speak English very well and don't know this isn't a casino term. Needless to say, clicking on links containing this term will probably put your computer at risk.
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