With online casinos giving out bonuses like hot cakes, it really starts to make one think that they could just stand out in the Internet holding up an empty hat, and all their financial problems would be solved in a few minutes. But of course, casino bonuses don’t really equate to free money. There are terms and conditions attached, which help protect the interests of the casinos. After all, an unscrupulous online casino goer could very easily grab fistfuls of bonus cash and run for the hills, leaving the casino with empty pockets and bills to pay.
Having said that, it also helps if the casino goer knows what to expect when dealing with online casino bonuses. The casinos themselves have to protect their interests, but then players need to do the exact same thing. And that’s not to say that casino bonuses are in some way sketchy, but rather that it is a very good idea to know exactly what bonuses entail before accepting them. So, without further ado, let’s examine what generally comes attached to your average online casino bonus.
It’s not uncommon for an online casino goer to see an offer for a huge sum of bonus cash, sometimes in the regions of hundreds of dollars, and excitedly click the accept button before reading the terms and conditions. Here’s a free piece of helpful advice from us; always read the terms and conditions. They are, after all, very clearly written in plain English for a very good reason; to help you understand what you are agreeing to.
Again, it’s obvious that a casino cannot go around giving away free cash. This would be the equivalent of punching holes in the bottom of your paper cup and then wondering why it never fills up. So, in order to plug these holes casinos have what is referred to as wager requirements.
A wager requirement is generally written as something like X 20, and indicates that the bonus money given, and any winnings made with the bonus cash, cannot be withdrawn from the casino until the player has made a specific number of wagers, all of which must be equal to the bonus cash amount. So, if the bonus cash amount was $20, and the wager requirement is X 10, 10 bets of $20 must be made before the bonus cash, and its winnings, may be withdrawn from the casino website. It’s a simple solution that avoids the casino going bankrupt. The wager requirements will vary from casino to casino, but will always be very clearly displayed.
If you’ve now started thinking that this is a bit of a confusing and complicated process, and you’ll have no chance of keeping track of what’s going on, don’t fret. Online casinos are normally very clear about what is going on, and helping you understand what conditions must be met before you are allowed to withdraw bonus cash.
The best online casinos will have bonus cash, and any winnings made with that cash, in a separate account. They will also often even have a counter that indicates how many bets must still be made before cash is released. If you get confused at any point, just contact the customer support centre, who will happily clear things up for you.
Sign up bonuses are one thing, and loyalty bonuses something completely different. A sign up bonus is used as a way to help a new player get familiar with the website and its games, while a loyalty bonus is a reward for a VIP loyalty programme, and given to a player who spends a certain amount of time on the website, or otherwise has remained loyal. Loyalty bonuses often come in the form of free spins on certain slot games, which will often not have any wager requirements attached at all. They are simply free spins that the user is free to use when, and how, they choose. Again, the specifics of the reward will be clearly written explaining the terms and conditions.
Online casinos are coming up with new forms of bonuses all the time, which aim to keep players happy and coming back for more. The variations of bonuses are too numerous to describe in a single blog, but needless to say they are all carefully thought out, and will avoid players simply grabbing the money and running for the hills.
Read what any bonus entails and be sure you understand the rules before accepting it. Also be assured that there are no bonuses that aim to trick users, or otherwise be mischievous, and that such bonuses can generally be used for hours of extra entertainment at little extra cost. But, also be assured that bonuses will always come with some kinds of terms and conditions that need to be agreed to. In a nutshell, however, snap up as many of those bonuses as you can, while they are available, because they don’t tend to stick around for very long.