Online casino bonuses are a fantastic way to play at a new online casino. They are useful for checking the user experience of casinos and the selection of games. Many players make the mistake of thinking that casino bonuses will make them a small fortune. They are not. Casinos design bonuses to ensure that they do not suffer losses or attract bonus hunters. So how do casinos protect themselves against large losses, while still offering a great bonus to attract new players?
Wagering requirements are the number of times a player must play or “wager” the bonus amount to turn it into real cash withdrawable. Wagering requirements are expressed as a number followed by “x”. For example, “30x bet” means you need to wager / play $ 350 when you deposit $ 10.
Bets on games
The bets on games are very different, which means that when working on your wagering requirements, different contributions apply to different games or types of games. If you have a 35x wagering requirement and the game wager is 100%, using the example above, you will need to wager $ 350. However, if the game stake is 10%, you will need to bet ten times as much to meet your wagering requirements. It’s $ 3,500.
At Casumo, the stake on slot machines is 100%, Video Poker 30% and Roulette (all kinds) 0%. You will need to wager $ 350 when playing slots, $ 1,167 when playing video poker only and roulette does nothing towards your wagering requirements.
To release funds into an account wallet, players must first meet the wagering requirements. Once the payers have done this, all funds are available for withdrawal.
The best way to get around wagering requirements is to play at “no-wagering casinos”.
777 Casino has compiled a list of the best no-wagering free spins, see them here.
Country of Residence
The country of residence determines the type of bonuses available. UK residents hardly see any no deposit free spins bonus anymore. While residents of Canada enjoy more no deposit offers. Some countries, like Sweden, are not offered any bonuses due to government regulations.
New player bonuses expire. Wagering requirements must be met before the expiration date. The most common expiration date is within seven days, but some online casinos offer 14 days or 30 days to wager the bonus. If you do not bet before the expiration date, you will lose the bonus and any accumulated losses will be debited from your deposited fund.
The value of the spins is directly linked to the free spins offers. The free spin will usually have a minimum value of $ 0.10. This immediately limits any winnings. When the bonus is a match percentage bonus, a typical clause is
When you receive a bonus, the maximum wagering allowed is £ 5 per spin until the wagering requirements are met. In the event that larger bets have been made, All British Casino reserves the right to waive the bonus and any winnings,
All UK casinos.
There is also a maximum amount of bonus winnings at some casinos. Even after fulfilling the wagering requirements by spinning to the minimum spin value, there are limits to the actual winnings. For example, All British Casino includes a general statement that the maximum withdrawal amount depends on the bonus. When using the bonus rounds bonus, players can withdraw a maximum amount of £ 100 and any balance exceeding this amount will be removed from the account.
Bonus abuse clause
The abuse bonus clause is highly subjective. You could argue that this is a jail release card for operators as they can claim bonus abuse for just about anyone. Casinos will include a clause stating that the bonus is limited to one casino account per person, family, address, household, credit card number, email address and shared IP address where the shared computers are located. The clause is designed to protect casinos from bonus abuse.
Significant terms bonus
Now that you know the main bonus terms, let’s take a look at a real-life example from LeoVegas.
New customers only. Register via the “My offers” page within 14 days of registration. Free spins are worth $ 0.10 each, with winnings paid out in cash. 7 day expiration. 35 times the wagering requirements. Not all games contribute to bets. Full terms and conditions apply. 18+
If you register on January 1 and deposit $ 100, you will need to wager $ 3,500 by January 15. The spins will each be worth $ 0.10 and you need to check the specific stake on the games and if your country is eligible for the bonus. Additionally, as stated, you must be a new player (bonus abuse clause) and be 18 and over to play.