Online Casino Bonus Requirements
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Online Casino Bonus Requirements
Since their inception, online gambling sites have seen nothing but tremendous growth and they certainly show no signs of ever slowing down. One of the main marketing tools used to reel-in new gamblers is the tried and tested online bonus. Whether as a welcome bonus or a deposit bonus, they make the casinos appear generous and many players might first assume that this is “free money”. But in the world of online casinos, there’s no such thing as a free lunch. Once you start to drill down into the small print, you might be surprised to find that being generous was the very last thing the casino is concerned about. So let’s have a look at casino bonus requirements.
Introduction to Online Casino Bonus Requirements
Without a doubt, the fastest way for a casino to attract new customers is by offering online casino bonuses. There’s a huge competition between online casinos like Bet365 Casino to acquire new customers, with the stakes getting higher and higher. The hope is that these offers will temp a new player into opening an account. Just do a simple Google search for online casinos to win the jackpot and you’ll be bombarded with special offers. For a cash bonus, the idea is that you’ll receive real money, added to your online account. This is something few gamblers can resist. If you’re a slots player, then the bonus can come in the form of free spins.
On the whole, most bonuses are based on matching the amount of real money that the customer initially puts into their new account. It can be in the form of either a dollar matching amount or expressed as a percentage of the gambler’s bankroll. Though on the face of it, these bonuses seem a great idea, as a gambler you must be wary of the “wagering requirements” which will come with them. You must make yourself aware of these casino bonus requirements, otherwise, you might get a surprise when it comes to withdrawal time.
What Are The Bonus Requirements?
If you thought that casinos are in the habit of giving away free money, then we suggest that you get mental help. Though on the one hand, they appear to be offering huge bonuses, you can be sure that on the other hand, they are setting up barriers to ensure that they give away as little as possible. And these barriers are called “bonus wager requirements”. These are the hoops you’ll need to jump through to see any benefit from the bonuses. Common casino bonus requirements might be that you have to play a certain predefined set amount before the funds are released. On the whole, this would mean playing the bonus amount out of your own pocket before the actual bonus is released.
Many newbies, with their impatience to start playing and win the jackpot online, miss these casino bonus requirements completely, only to get a shock further down the line. If you’ don’t read the terms and conditions (yes, the small print that everyone can’t be bothered to read) then you’ll miss out on knowing the wagering requirements. Keep in mind, if these requirements are not met, then you may not be able to withdraw either winnings or bonuses or both. For example, you make a deposit of $500 and claim a $300 bonus and then have the good fortune to see your bankroll grow to $2,000. You decide to cash out. But because you haven’t met the wagering requirements, then the money stays in your account.
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Common Online Wagering Requirements
Probably the most common wagering requirement is called the “playthrough requirement”. This can stipulate that you need to play through the total amount of your bonus a certain number of times. So, if you were to receive a $1,000 bonus, the playthrough requirement might say that you have to play at least $1,000 in real money before you can cash out. Some casinos will ask for a minimum of 1 x the bonus amount to be played, yet other casinos ask for up to 5 x the bonus being played before you can cash out. Now you’re beginning to see that maybe the casinos are not quite as generous as you thought. To the outsider, it looks as if the casino is giving away a nice free cash bonus. But once you read into the small print, it’ll become obvious that the casino is giving away nothing.
Why Are These Restrictions Put in Place?
Well, a casino is a business. And as such, they need to attract new customers by spending as little as possible. The more they can keep new customer acquisition costs down, then the better for the casino’s bottom line. Though a new player might think of the signs saying “free money” as a welcome bonus are true, they are false, or at best misleading. They are cleverly worded in such a way as to get around claims of false advertising. Players are looking for any means of getting ahead of the gambling curve. So they will jump, like Pavlov’s dogs hearing the dinner bell, at the sight of anything written as “free” in terms of gambling bonuses. Also, if you stop for a second to think things through, then why would casinos give you large bonuses that you could simply cash out within 10 seconds. Sorry, but there are no free lunches here.
Handling These Bonus Gambling Requirements
If you’re going to sign up to an online casino like Bet365 Casino, then understand exactly what you’re signing up for. Yes, we know that going through the terms and conditions on the website is a pain. It’s always full of “lawyer speak.” Round-about ways of making the language of the law difficult to understand as opposed to making it easier. But if there’s something you don’t understand, the casino’s customer support is just a mouse click away. Just be aware that you’ll have to put in extra work to unlock the bonus. We suggest that you make a plan to ensure that you can comfortably reach the bonus requirements before accepting it.
Calculate how many extra spins or hands you’ll have to play until the bonus payout is triggered. Do not start chasing the bonus by raising your regular betting amount. Keep in mind that the whole purpose of the bonus is to extend your bankroll and keep you playing for longer. If you’re a jackpot slots player and are offered free spins, then they’re as good as free money and often have a very simple wagering requirement. After all, when playing the slots, you’re just one spin away from a substantial jackpot. So use those free spin bonuses well.
Sometimes your favourite games, like jackpot poker or blackjack, might be excluded from receiving bonuses. Either try and find a casino that offers them for those particular games or move things up a gear and try something new. You never know, you might find a new game that you enjoy.
Conclusion: Online Casino Bonus Requirements
When you’re surfing the web looking for the best online casinos with jackpots, be wary of the special offers and bonuses that are written large in flashing letters. Always make the time to read through the small print. Ensure that you know what you’re signing up for. Bonuses can work well for a gambler, but he must be able to make the wagering requirements to cash out. This will, more often than not, require some extra spending on the gambler’s part in order to fulfill the casino bonus requirements. We suggest that you look at your bonus as a means of extending your bankroll. Not looking at it as a source of free money.
