One of the most important things an online casino player can do before accepting a bonus is carefully read through the terms and conditions. The Ts and Cs go into much greater detail to explain how you can get the most out of your bonus.
Take a closer look right here at why it’s important that you read through the online casino bonus wagering requirements.
Why should I read the online casino bonus terms and conditions?
If you want to avoid disappointment and get the most out of your online casino bonus, you should always take a few minutes to carefully read through the terms and conditions for that bonus.
For example, there are a lot of players who still don’t understand what bonus wagering requirements are.
Wagering requirements are also often known as rollover or playthrough requirements, depending on which part of the world you are in, but they all mean the same thing. These are explained further down.
Terms and conditions explain everything you need to do when claiming an online casino bonus, whether that’s a free spins bonus to try out certain online slot machines, a matching deposit bonus when you deposit, or a no deposit bonus.
You can learn more about some of today’s best online casinos that are currently offering new players a minimum 10 free spin no deposit bonus by going to the official Mr Gamble website.
What are wagering requirements?
If you have just accepted a matching deposit bonus worth up to $/€/£200 and it comes with a 40x wagering requirement, it means you couldn’t just withdraw your extra free money the casino operator just dropped in your account until you have completed your wagering requirement.
If you received $/€/£20 bonus money on top of your deposit, that $/€/£20 would need to be wagered 40x times before you could withdraw. If you received $/€/£100 bonus money, it would need to be wagered 40x times, and so on.
If online casino operators didn’t attach wagering requirements to their bonuses, there’s a good chance they would quickly go out of business because the majority of players would try to withdraw that money and spend it anywhere but the casino.
Wagering requirements protect the operator and prevent this from happening.
If you received $/€/£20 with a 40x wagering requirement, you would need to wager $/€/£800 before you could withdraw any winnings you have left over after completing your wagering requirement. It sounds steep, but it’s fairly standard at almost every licensed casino site in the world.
What else can I learn from the Ts and Cs?
Important things you can learn from Ts and Cs are the following:
- Standard wagering requirement info
- How long you have to complete your wagering requirements
- Which games count towards completing wagering requirements
- Which payment methods are excluded from the bonus offer
The Ts and Cs will tell you exactly how much time you have to complete your wagering requirements. That’s right; you normally have to complete them within one day, one week, or one month. It varies from one site to the next.
They will also tell you which payment methods are excluded from the bonus. For example, the popular e-wallets Skrill and Neteller may be excluded from the bonus.
You don’t want to deposit with one of these methods only to find out after using one of these methods that you haven’t qualified for the bonus. Payment methods such as Visa and MasterCard usually always work when claiming bonuses.
Finally, the Ts and Cs also reveal exactly which online casino games (usually the slots) will contribute the most per $/€/£1.00 wagered towards completing your wagering requirements.
For example, table & card games, video poker games and live dealer games usually contribute little or nothing towards completing them for every $/€/£1.00 wagered on these games.
In other words, stick to playing the slots and other instant win games (online scratchies) when trying to complete wagering requirements in as little time as possible.