A major draw of online casinos is the generous signup bonuses and ongoing promotions offered to players. For those new to online gambling, casino bonuses seem almost too good to be true. The majority of online casinos offer extremely generous 100%, 200%, or even 300% matchup bonuses on a player’s first deposit. Some online casinos also offer free spins on slot games or rewards just for signing up for an account.
It’s very easy to get caught up in the dollar signs and assume these bonuses are “free money” to play with. But in reality, online casinos are for-profit businesses, not charities handing out free cash. There are always terms and conditions attached to these bonuses designed to benefit the casino. Unless you read and understand the fine print, you may end up very disappointed and unable to cash out any winnings from the bonus funds.
Common bonus terms and conditions
So what exactly should you be looking for when you read the T&Cs for an online casino bonus? Also sometimes called playthrough requirements, wagering requirements dictate how much you need to play through the bonus funds before withdrawing any winnings. This amount be 10x, 20x, 50x, or even higher. That means if you get a $50 bonus with a 25x wagering requirement, you’ll need to place $1,250 worth of bets before you withdraw any money won with the bonus funds. These requirements apply so players don’t just take the bonus and immediately cash out.
The online M88 Top1Casino bonuses only are used on certain games, usually slots. Table games like blackjack and roulette either won’t count at all or will only count a small percentage toward the wagering requirement. Read the terms to see which games you play to clear the bonus.
Online casino bonuses aren’t designed to last forever. Make sure to check for time limits to use the bonus funds and complete the wagering. It could be anywhere from a few days up to a month or two.
Maximum cashout limits
Even if you do complete the wagering requirement, online casinos will often limit the maximum amount you withdraw from a bonus to something like $200 or $500.
Some games like video poker and table game variants with low house edges are usually excluded from bonuses entirely since they make wagering requirements too easy to clear. Read the terms to see which titles are restricted.
Fine print matters
After seeing examples of the tight limitations often placed on casino bonuses, you might why you should even bother with them. The answer is that they still are valuable; you just need to understand the rules. With the right approach, casino bonuses are a great way to build up your bankroll over time by giving you extra funds to play with have to be informed so there are no surprises.
For instance, a slot bonus with a 50x wagering requirement may seem daunting. But if you plan to play online slots anyway, you view it as some nice extra funds to play with while you steadily work through the wagering. The key is accepting that the bonus money isn’t yours until you complete the requirements.