Bonuses are almost inseparable from the casino offering. Nearly all top-rated casinos have bonuses for their new and loyal players. You’re almost guaranteed a bonus when you sign up for a new casino account. This is known as a welcome bonus. Once you’re done with that, you can claim reload deals, cashback, free spins, VIP perks, tournament gifts and many other deals. However, each casino bonus comes with unique terms and conditions. These T&Cs govern how to claim and utilize a bonus. Here’s an overview of five bonus terms to keep in mind when claiming casino deals.
Eligibility Requirements
Each casino bonus has a specific target. The welcome bonus is for new players who’ve just signed up for an account with the casino. It can be a no-deposit bonus given for registering an account or a deposit bonus based on the first couple of deposits you make after signing up. You can also claim free spins as part of the welcome bonus. A cashback bonus is available when you lose your bet. VIP bonuses are given to loyal players who have completed specific thresholds and ascended the VIP ladder. High-roller bonuses usually require a higher deposit. As you can see, every bonus has specific eligibility requirements. Most casino offers have a minimum deposit requirement. Some deals are also exclusive to specific deposit methods. It’s always important to check out what requirements you must fulfill to claim a bonus. Sometimes you need a unique promo code when making the deposit.
Wagering Requirements
The term wagering requirement generally refers to all the requirements that come with wagering a bonus. However, it is specifically used to denote the minimum amount you must generate using a bonus to be eligible for a withdrawal. This can also be expressed as the number of times you must spend a bonus to qualify for a withdrawal. For instance, a casino may offer a 100% bonus with a 40x wagering requirement. If you deposit $100 and receive a $100 (100%) bonus, you must wager it 40x, which translates to $4,000 ($100 x 40). Only after generating $4,000 with the bonus will you be allowed to withdraw the funds won with the bonus. Sometimes the wagering conditions only apply to the bonus. However, they can apply to both the deposit and bonus. Wagering requirements can be as low as 1x, but the average is 30x to 45x. No deposit bonuses usually carry the highest requirements, sometimes as high as 99x.
Qualifying Games and Bets
Most casino bonuses you claim will be restricted to specific games. For instance, free spins are by default restricted to slot games. In fact, it’s recommended to spend your casino bonus on slot games, preferably progressive jackpots and megaways. That’s because slots contribute 100% to the wagering requirement. Progressive jackpots can yield higher payouts, which makes it easier to fulfill wagering requirements. You can also spend bonuses on roulette and blackjack. Just note that these table games only contribute 10% to 20% in most casinos. That means only 10% or 20% of the amount won is counted toward the wagering requirement. Some bonuses restrict you to slots from specific software providers. Most bonuses also restrict the minimum and maximum bet that counts toward the wagering requirements. If the limits are $0.50 to $5 per bet, any wager outside that range doesn’t count toward the wagering contributions.
Bonus Validity/Expiry
Every casino bonus comes with an expiry date. Welcome bonuses are usually available for a calendar year but the casino reserves the right to terminate and start another deal whenever they deem right. Happy Hour deals are only available for a specific hour and day in the week. Weekly bonuses may be limited to your first deposit of the week. In addition to the bonus availability durations, casinos impose expiry on claimed offers. For instance, you may only have 30 days or even a week to fulfill all wagering requirements and convert your winnings once you claim a bonus. Free spins may also be renewed daily, meaning you must spend them within 24 hours or they’ll expire and be replaced by the next day’s offer.
Maximum Conversion
Since bonuses carry wagering requirements, you’ll end up generating a lot of money from your deal. However, that doesn’t mean you can withdraw everything the slot RNGs allow you to win. For instance, a bonus may have a 40x wagering requirement and a 10x maximum conversion. If you claim a $100 bonus, you must generate $4,000 ($100 x 40) to qualify for a withdrawal. However, you can only withdraw $1,000 ($100 x 10) out of the $4,000 you’ve generated. The maximum conversion is usually a multiplier based on the bonus you claim. Some deals have no maximum conversion or cashout, but most feature this term and it is usually 10x the bonus.
Key Takeaways About Casino Bonuses
Bonus terms dictate how you must use the offer. Failure to adhere to requirements may limit your chances of maximizing the deal. Some casinos may even restrict you from future deals. As such, it’s important to read the terms and determine whether the deal is worth claiming. There’s no need to claim a bonus with a 99x wagering requirement if you don’t have the time to fulfill it. Some deals may also make it harder to win using your hard-earned cash. Make sure you go through all the details in the fine print provided by the casino. More importantly, choose a reputable site with lucrative bonuses that offer a real chance of winning.
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