That’s right. There is more to online casino bonuses than meets the eye. By hidden agenda, I mean that bonuses have wagering requirements. Some are so strict that the bonus isn’t even worth accepting. Yes, you can decline any bonus, and sometimes it makes sense to do so.
These wagering requirements usually require you to play through to a certain amount before you can withdraw the bonus. At first glance, it seems like a good thing because you have more wagering power. However, you won’t see the free bonus money until you have gamble up to a certain amount. It doesn’t do you any good if your bankroll doesn’t last that long. This is how online casinos trick you into coming back. If you gamble responsibly and have a stable bankroll, these wagering requirements should be a problem. Just be careful and gamble within your means.
Many online casinos put a 15-30 multiplier (x), or play through, on a bonus. So, if the casino is offering a $50 match bonus on a 15x play through, you must gamble at least $1,500 ($50 deposit + $50 bonus x 15 = $1,500) before you can withdraw any money. These wagering requirements came about because of bonus abusers who would leave the casino once they received their bonus money.
There are higher play through requirements on no-deposit bonuses, which don’t require a deposit for the bonus money. These no-deposit bonuses have as much as a 30x play though. So, for a $10 no-deposit bonus, you wouldn’t be able to withdraw until you wagered $300 (30 x $10 bonus =$300). Usually, these no-deposit bonuses aren’t eligible on progressive jackpot games but instead limited to certain table games.
It may sound ludicrous to refuse free money, but, as you can see, it may be worth it. Always read the terms and conditions of the bonus. After reading the fine print, if you don’t plan on gambling through to the wagering requirement, don’t accept the bonus.
Showing posts with label bonus wagering requirements. Show all posts
Showing posts with label bonus wagering requirements. Show all posts
Friday, January 21, 2011
Thursday, November 4, 2010
Best Casino Bonuses
You probably won’t get any comped hotel rooms, but online casinos offer some pretty fantastic bonuses to new and loyal players. Most online casinos offer a free cash bonus after joining. All you have to do is sign up for a free account. But be careful, because sometimes it isn’t as free as it first appears. There are strings attached with almost every bonus, so always read the terms and conditions before joining an online casino. The terms and conditions should be linked to the homepage. Usually, you must deposit money into an account and play through to a certain amount before receiving your bonus. These are the different types you should be aware of.
The match bonus is the most widespread online casino bonuses, especially for an initial deposit(s). The casino matches a percentage of the deposit. The matches could be 50% or 100%, for example. Find an online casino with a 100% match on your first deposit. It will only be worth up to a given amount and may only apply to certain casino games, but they are pretty widespread online. The amount will fluctuate with the current promotion they’re running. Look for a casino that is offering a similar match on your next few deposits in addition to the first deposit. Those are the kind of welcome bonuses you should take advantage of.
A cashable bonus is one where you must hit a given wager requirement before you can withdraw the bonus money from your account. The restrictions involved might be up to a certain amount of money or only playing on certain games. On the plus side, the bonus money is additional to your winnings upon withdrawal. A sticky bonus is similar but tricky. The bonus may not be withdrawn but any winnings from playing the sticky is. Got it? The last bonus is hard to find but it’s one of the best. It’s the cash back bonus. They are given following a loss, as in a portion of the stake is returned to your account. Depending on the promotion, you could get 20% cash back each week. That means you would get 20% of your losses back from that week. Obviously, a winning week would not qualify.
The match bonus is the most widespread online casino bonuses, especially for an initial deposit(s). The casino matches a percentage of the deposit. The matches could be 50% or 100%, for example. Find an online casino with a 100% match on your first deposit. It will only be worth up to a given amount and may only apply to certain casino games, but they are pretty widespread online. The amount will fluctuate with the current promotion they’re running. Look for a casino that is offering a similar match on your next few deposits in addition to the first deposit. Those are the kind of welcome bonuses you should take advantage of.
A cashable bonus is one where you must hit a given wager requirement before you can withdraw the bonus money from your account. The restrictions involved might be up to a certain amount of money or only playing on certain games. On the plus side, the bonus money is additional to your winnings upon withdrawal. A sticky bonus is similar but tricky. The bonus may not be withdrawn but any winnings from playing the sticky is. Got it? The last bonus is hard to find but it’s one of the best. It’s the cash back bonus. They are given following a loss, as in a portion of the stake is returned to your account. Depending on the promotion, you could get 20% cash back each week. That means you would get 20% of your losses back from that week. Obviously, a winning week would not qualify.
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