Understanding Online Casino Bonuses
If you want to get the most out of your online casino bonus, you should really take five minutes to read through the terms and conditions that are associated to that particular promotion. More often than not, people miss out in some way or another because they haven’t understood the bonus terms and conditions.
Most people don’t realise that they must wager X amount of cash before their bonus funds can actually become cashable. This particular clause is more commonly referred to in the online gambling world as wagering requirements or playthrough requirements. Basically, you should always read the small print if you don’t want to miss out.
If you are being offered a 100% matching deposit bonus worth up to the value of $500, it means that you can deposit up to as much as $500 and whatever you deposit, the casino operator will match your deposit by 100%, so they will basically double your first deposit. You may receive your bonus funds instantly, or you may receive them incrementally, over a period of weeks or even months. The T’s and C’s might state that you will have to wager this bonus amount 25 times before you can actually cash out.
If you deposit the just $100 for example, you would then have to wager $100 x 25 (so a total of $2500 must be wagered), otherwise you will forfeit the bonus funds. Some sites might make you wager 40x times the bonus amount, but it is generally never more than 50x times the bonus amount, plus you may or may not have to wager the bonus amount of $100 as well, which can be a bit of a nightmare.
If you lose track of how much you have wagered while attempting to claim this generous welcome bonus or other similar bonus, it should tell you in the cashier section. Alternatively, the casino’s customer support should be more than happy to let you know how much you have left to wager. Also, online casino bonuses have a tendency to expire, so check how long you have before it is scheduled to become void. Sometimes this period could be just one month, but other online casinos may give you much longer, for example 12 months. To make sure you don’t miss out, read through and try to understand the full terms and conditions of each online casino promotion or get the customer support to explain them to you.