Online casinos are almost everywhere these days and are getting even more popular. With so many sites out there trying to outcompete and outdo each other, everybody is trying to look for ingenious ways that they can appeal to new players. Among the most popular perks that online casinos are known to offer are bonuses which both existing and new players can enjoy. Bonuses aren’t really just free money that anybody can get and use however they want.
Players need to understand that while they are usually offered as something free that online casinos are willing to offer, they do come with certain levels of attachments to them which players have to fulfill if they want to make the most of the bonus offer.
For instance, it is common for bonuses to have restrictions on how they are used and how they can be withdrawn. Also known as wagering or playthrough requirements, this is usually an number that a player has to make as a bet before the bonus amount or any earnings from using the point can be paid out.
Setting a specific wagering requirement makes sense though as a matter of insurance for online casinos so players aren’t just going to take advantage of their bonus offers and take the bonus amount, run away and never come back.
Before you decide to sign up for any online casino or accept any bonus offer, it helps to get a better understanding of what wagering requirements are.
An important thing you need to take note of before accepting a bonus offer is to determine how many times you’re supposed to wager the bonus amount before you are allowed to process a withdrawal. This number may vary from one casino to another and this could be as low as 9 times to as high as 37 times or even more than that.
Every casino tends to have a specific designated number. Knowing this ahead of time will be very helpful. For instance, if you have a casino that has designated a requirement of nine times and you are offered a $25 bonus, this means that you will need to wager $25 nine times before you can withdraw any earning— so, you need to wager a total of $225 before a withdrawal will be allowed.
Then you have the sign-on bonus. Usually, they are attached with playthrough requirements for a specific bonus amount along with the qualified deposit you have to make to activate the bonus. For instance, if you are offered a $150 bonus with a wagering requirement of 36 times and a $50 initial deposit has been made, you have a total of $650 that you can then use to play.
If you start wagering the money and start getting earnings, you will not be allowed to go on with withdrawal until the playthrough requirements are met. In this case, you will need to spend a total of 10,800 before your earnings can be withdrawn. That is quite a hefty amount and it might take you forever to even be able to meet that.
This isn’t the only thing that you should be concerned with as well. Other factors should also be taken into account.
For instance, the bonus amount may be limited to only be used to certain games as well so you need to know if it even covers the specific games that you like playing before you accept it. Some casinos will let you use the bonus to play such games as roulette or blackjack but will usually reduce the rate.
For instance, if you make a bet of $10, only $5 may be applied to your wagering requirements and that can make a whole lot of difference in the time it would take you to meet the playthrough requisites and it would take you ages before you can get a chance to withdraw your earnings.
While online casino bonus offers are so hard to resist sometimes, it’s important that you know all the wagering requirements attached to these bonuses so you know you can actually make the most of them. The last thing you want is to earn a lot of money from the bonus points only to realize that withdrawing is impossible because the wagering requirements are next to impossible to meet.